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Old November 4th, 2010, 12:18 PM   #1461
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New home prices climb 3.1%
2 November 2010
Shanghai Daily

NEW home prices climbed for the fourth consecutive month in Shanghai in October amid unabated interest among buyers of upscale properties although the latest rein-in policies released by the government have started to curb sentiment for less expensive apartments.

In the past month, new homes were sold for an average 21,884 yuan (US$3,271) per square meter, a 3.1 percent increase from September, Shanghai Uwin Real Estate Information Services Co said yesterday.

Average new home prices in Shanghai have held above 21,000 yuan per square meter since August, Uwin statistics showed.

New apartments built for relocated residents under urban redevelopment plans were excluded in the study.

"Robust sales of luxury homes continued to push up the average price for the fourth straight month," said Lu Qilin, a Uwin researcher. "Last month in Pudong, a villa sold for 115 million yuan, probably the most expensive villa deal registered in Shanghai in about a year."

According to Uwin research, about 77,700 square meters of new homes with a price tag of more than 50,000 yuan per square meter were transacted in Shanghai in October, an increase of 7,000 square meters from April, when average new home prices soared to a record 22,926 yuan per square meter.

By volume, a total of 1.32 million square meters of new houses were sold, almost unchanged from 1.33 million square meters registered in September, the highest monthly volume so far this year.

While the monthly volume remained high, buyers' sentiment has decreased over the past few weeks as a result of more tightening measures from the government.

Between October 4 and 31, weekly sales volumes of new homes stood at 450,000 square meters, 346,000 square meters, 319,000 square meters and 206,000 square meters, according to Uwin statistics.

On October 7, Shanghai put another brake on housing speculation by joining Beijing in capping the number of homes a family can purchase.

Moreover, since October, major commercial banks adopted a 15 percent discount on standard mortgage rates for first-time home buyers, down from up to 30 percent discounts previously.

"With a smaller discount for first-time buyers, individuals buying second homes may encounter even tighter mortgage terms in the future," said Song Huiyong, research director at Shanghai Centaline Property Consultants Ltd.
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Old November 7th, 2010, 01:35 PM   #1462
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http://www.shanghaidaily.com/article...798&type=Metro
Face-lift set for shopping area
Created: 2010-11-6
Author:Liang Yiwen

LOCALS will have more shopping opportunities around Huaihai Road in the future, as stores on small streets in the surrounding area are scheduled to be upgraded and restructured.

Domestic brands and local designers, who may have found the rents on Huaihai Road unaffordable, will be encouraged to move into stores on nearby roads including Maoming Road S., Sinan Road and Changle Road.

The area will be extended in-to a larger community, government officials said yesterday at the International Business Summit Forum being held in the city.

"We need to boost the area's interactive development," said Wen Zuliang, director of Luwan District government.

Songshan Road, which is close to luxury stores like Hermes and LV, is currently occupied by snack bars, such as a steamed bun stall and a beef store, and a garbage station, making the street unattractive.

Hotels, clothing stores and restaurants, matching the image of the international shopping street, will be moved in to replace the current ones.
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Old November 8th, 2010, 08:35 AM   #1463
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http://www.shanghaidaily.com/article...507&type=Metro
Southern Bund to get face-lift
3 November 2010
Shanghai Daily



THE southern Bund area will be redeveloped beginning next year to open the area to sightseeing and leisure activities.

The project covers the area between Dongmen Road and Youchematou Road. Docks currently occupied will be emptied and connected to make room for a waterfront walkway. Old factories and warehouses will be removed or renovated to make way for bars, hotels and modern commercial buildings.

Construction on the southern Bund area, which covers 526,000 square meters with a shoreline of 2.6 kilometers, will be launched next year and the project is expected to be completed by 2015, the Huangpu District government announced yesterday.

"The southern Bund riverside area will be a new place for sightseeing and leisure in the downtown area," said Zhou Wei, director of the Huangpu District government.

Visitors will even be able to touch the water in the Huangpu River, he added.

The waterfront walkway will be only 50 centimeters above the river. The Bund Promenade is about 4 to 5 meters above the Huangpu.

Once the project is completed, people will be able to walk along the Bund from Suzhou Creek in the north to Nanpu Bridge near Youchematou Road in the south.
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Old November 8th, 2010, 03:33 PM   #1464
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I'm so happy that southern bund will get a face-lift. That's exactly what I am hoping for. Hkskyline, Thanks for the news link!
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Old November 8th, 2010, 03:38 PM   #1465
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Suhewan area will turn out to be very beautiful . I've heard that this project will be completely finished in 2020. Ten years is quite a long time .
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Old November 8th, 2010, 05:32 PM   #1466
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HK developers are heading north
8 November 2010
South China Morning Post

The tale of two cities and the varying fortunes of their office sectors continues unabated, with Hong Kong developers laying a stake in prime business districts across the border.

While the government and legislators in Hong Kong deliberate over whether to increase the amount of office space in Central, or let companies find new locations on the east of the island or in Kowloon, the city's developers are reaching for the sky in Shanghai.

The latest addition to the skyline of the mainland's financial capital is Wheelock Square in Puxi's Nanjing Road West. It is also the tallest premium grade-A office tower in Puxi and the brainchild of The Wharf (Holdings), whose portfolio includes Times Square in Causeway Bay and Harbour City on the Tsim Sha Tsui waterfront.

Wharf says its new 270-metre, 61-storey tower is the only top-grade office building opened in Shanghai this year. Multinational companies that have committed to take up space at Wheelock Square include Bristol-Myers Squibb, Mitsui, Shiseido, Coach, LG Chem, Conde Nast, Clarkson Asia, NBBJ, Sheppard Mullin and Poly Plastics, and Industrial and Commercial Bank of China. Four of these companies are each taking a whole floor, and a pharmaceutical company has acquired three floors (6,400 square metres).

Kohn Pedersen Fox Architects, the New York firm behind West Kowloon's ICC Tower, designed Wheelock Square which, in addition to 50 office floors, has four storeys of high-end retail stores and two floors featuring food and beverage outlets.

"It will further enhance Shanghai's dynamic skyline and redefine the landscape of this vibrant business district," says Dave Siu, general manager, estates management, Shanghai, of Wharf China Estates. The tower was completed in the second quarter of this year.

"The significant investment we have made in this landmark commercial building reaffirms our confidence in the business opportunities that exist in Shanghai, and across China."

Features include ceilings which Wharf says are the highest of any modern office tower in Shanghai, extending to 3.05 metres, and high-specification floor plates stretching to 2,100 square metres. There is a nine-metre-high marble lobby and direct-access elevator system, with 23 high-speed passenger lifts plus a VIP lift. Disabled facilities and pantries are also provided on every floor.

Serviced office providers have also been getting a foothold in Shanghai, as international business swings towards the city.
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Old November 9th, 2010, 05:09 PM   #1467
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City will build its largest sluice gate
Created: 2010-11-8 1 Shanghai Daily

CONSTRUCTION of the city's largest sluice gate started yesterday in Fengxian District to improve flood control capacity in that area and relive flooding pressure of the Huangpu River.

The sluice gate, a 290 million yuan (US$43.58 million) project, is being built on Jinhuigang Creek, which is 21.8 kilometers long and links the Huangpu River to Hangzhou Bay.

The gate will be able to resist typhoons with wind speeds up to 119 kilometers per hour and extremely high tides, which generally occur once every 200 years.

Construction is scheduled to be finished before the flood season in 2012, the Shanghai Water Authority said.

The new gate will replace an older one. Built in 1980, the old sluice gate can no longer meet flood control standards in the area, officials said.

Jinhuigang Creek has frequently burst its banks during tides in the past few years, inundating some areas of eastern and southern Fengxian. This has even threatened the Huangpu River's water level. The new gate will solve this problem.

Additionally, with a maximum drainage discharge capacity of 650 cubic meters per second, the new sluice gate may also be an important tool to regulate the creek's water and improve its ecosystem, officials said.
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Old November 10th, 2010, 02:33 PM   #1468
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http://www.shanghaidaily.com/article...055&type=Metro
Metro repairs to take weeks
2010-11-9
Shanghai Daily


Steel supports are placed yesterday around the damaged column under the elevated track on which Metro Line 9 runs. Repairs are to continue for two to three weeks.

THE city's Metro Line 9 saw crowded but smooth operations during yesterday's morning rush hour after the subway had to change its operational procedures due to continuing repairs on a damaged section of the line.

The local subway operator had to extend the times between trains and reduce the speed of trains, mainly in the Songjiang District, due to safety concerns after an accident on Sunday.

An autoclave machine in a factory exploded early Sunday morning, injuring five workers. The top piece of the broken machine crashed into a concrete support on an elevated section of the line. This led to the closure of six stations along the line in the affected area.

Metro operator, Shanghai Shentong Metro Group, said yesterday that "the new operational procedures would remain in place for a while as the repair work continues."

Trains along the route were running slightly faster than those on Sunday after overnight emergency repairs restored damaged power systems, but were still not running at their full capability.

District traffic authorities have also organized around 70 free shuttle buses to carry Metro passengers from suburban stops to Line 9's downtown stations. The measure was introduced to ease congestion on platforms and around stations along the line - all the buses departing from stations were fully occupied.

However, passengers who boarded the buses complained that the roads were extremely congested in the morning and it was taking more time to reach work.

"It seemed like the bus was moving like a snail and was held up by many traffic lights," said a passenger who had left home 15 minutes earlier than usual.

Passengers said it took almost an hour for shuttle buses from Jiuting Station to reach Caohejing Hi-Tech Park Station - usually a journey of only 20 minutes by Metro.

In the morning some downtown stations saw large passenger numbers, which were well above the numbers at the same time the previous Monday. At Caohejing stop, the station saw about 2,730 passengers from 7am to 9am compared to 1,959 at the same time last Monday, said the operator.

Meanwhile, the repair work is expected to last for another two to three weeks. Eight temporary steel supports have been set up around the °?damaged column to support the elevated track above and it has been declared safe for trains to pass by - albeit more slowly than usual.
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Old November 15th, 2010, 12:37 PM   #1469
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HK developers have contributed a lot to SH's urban development . Thanks!!! I really hope that Shanghai can catch up with HK in 15years. I even hope that someday Shanghai can surpass HK in many aspects. Shanghai's ambition is to become another important ifc in the future. I hope it will come true.

Last edited by onthebund; November 15th, 2010 at 01:14 PM.
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Old November 15th, 2010, 12:45 PM   #1470
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IMO,Wheelock Square is the best-looking guy in Nanjing Road West.I wish it could be a 300+,which would be perfect. It's really a pity that Shanghai doesn't have many 300+ supertalls.By the way, I notice that HK has many 300+ supertalls.I'm really jealous!!!

Last edited by onthebund; November 15th, 2010 at 01:06 PM.
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Old November 15th, 2010, 01:01 PM   #1471
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A major fire is ongoing in a 30 floor tall building currently been reconstructed somewhere in Shanghai, 12 people have died, 50 injured, many missing. Fire started due to construction work.


Last edited by Ŝróndeimr; November 15th, 2010 at 01:07 PM.
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Old November 15th, 2010, 01:16 PM   #1472
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OMG!!!!!
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Old November 15th, 2010, 01:18 PM   #1473
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What building is that??

Source:http://www.channelnewsasia.com/stori...093615/1/.html

Quote:
At least 8 dead as fire engulfs Shanghai high-rise
Posted: 15 November 2010 1711 hrs





SHANGHAI - A huge fire engulfed a Shanghai high-rise building on Monday, killing at least eight people, wounding more than 90 and sending plumes of thick black smoke billowing across the city.

The 28-storey building in one of the most densely-populated districts of China's biggest city and commercial hub was under renovation when the blaze broke out around 2 pm (0600 GMT).

The death toll was announced by local authorities at a news conference.

Firefighters had brought the flames under control on the first 20 storeys within three hours.

Some occupants were forced by the blaze out on to bamboo scaffolding surrounding the building, state media said, while pictures showed a helicopter lowering a rescuer on to the roof.

More than 10 fire engines were sent to the scene in a bid to extinguish the fire, the state news agency Xinhua said, while police vehicles were seen cordoning off the area.

Jingan District Hospital said it had taken in dozens of people injured in the blaze.

- AFP/ir
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Old November 15th, 2010, 04:58 PM   #1474
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Some more details on the fire from the local press :

http://www.shanghaidaily.com/article...644&type=Metro

High-rise inferno claims 12 lives in downtown Shanghai
Created: 2010-11-15 19:30:05
Shanghai Daily







At least 12 people have been killed and more than 90 injured as of 7pm in a big blaze that gutted an apartment building in downtown Shanghai. The fire was brought under control after five hours of frenzied efforts to put it down.

The 28-story building at the intersection of Jiaozhou Road and Yuyao Road in Jing'an District was being renovated when it caught fire at about 2pm, local authorities said at a press conference.

Victims hung themselves out on the scaffoldings which cover the whole building for a face-lift. The scaffolds were blamed for the fast spread of the fire.

More than ten residents rushed to the roof and waved frantically at helicopters which had difficulty to land and to maneuver amid high-rises.

Most of the injured were not burned seriously but had inhaled too much smoke, said the hospital staff.

Firefighters are still trying to rescue residents trapped in the building at the time of filing this report.
Police cordoned off the area around the building and traffic on nearby roads was affected.

Influenced by the fire, people in nearby buildings were evacuated and power supply was switched off.

People in buildings a little further away can still feel the heat of the blaze as the windows became too hot to touch.

Firefighting has always troubled Shanghai, a city with about 15,000 skyscrapers. Firefighters carried engines to nearby buildings to shoot water at the burning high-rise, which is known as Teachers Apartments and houses 156 families. Many residents are retired teachers.

Ambulances also carried doctors to the site for emergency treatment. Residents were given rescue breaths on site.

The cause of the fire is so far unknown, but a witness said he saw some construction materials caught fire first and then the fire climbed up onto the scaffold.
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Old November 15th, 2010, 07:24 PM   #1475
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death toll has risen to 42, still many people missing.
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Old November 15th, 2010, 07:39 PM   #1476
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That photo is like something out of a Hollywood apocalyptic film. The building doesn't even look completed but I read that some of the dead were residents. Is that a typo by AP or had people moved in to the lower floors already? Construction fires often start from welding sparks dropping onto flammable materials like insulation, paper, or drywall.

The photo shows the whole building on fire like it was made of wood. What is burning exactly since highrise frames are made of cement and steel? Had they already installed all the insulation and drywall that can burn?
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Old November 15th, 2010, 07:42 PM   #1477
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The building was under renovation.
http://www.n-tv.de/mediathek/bilders...le1935671.html

Sorry in German, but the pics are O_O
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Old November 15th, 2010, 11:44 PM   #1478
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That's Building One of the three Teachers' Apartment complex on Jiaozhou Rd. Built in 1998, they have 28 floors plus one mechanical and a underground parking garage. All three buildings are undergoing energy saving renovation installing insulation panels and double pane glass windows. Fire started on the construction scaffolding and from the video it appears to have spread the whole building within a couple of minutes. The safety nettings around the scaffolding allowed the fire to surround the building, and ignited each unit. Luckily the wind direction is good otherwise the other two buildings would have caught fire for sure, that'll be terrible since I have relatives live in the adjacent Building Two. Most people live there are retired teachers from Jinan District, that might have explained why so many didn't get out in time, considering it took a while for the fire to actually penetrate into the core of the building.
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Old November 16th, 2010, 02:56 AM   #1479
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tragedy...
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Old November 16th, 2010, 04:13 AM   #1480
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I saw this on CNN Chile. What a tragedy.
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