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Old November 3rd, 2010, 04:37 PM   #7081
World8115
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ICC looks excellent
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Old November 3rd, 2010, 06:39 PM   #7082
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To put into perspective :



By kingkong_hk from a Hong Kong discussion forum.
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Old November 3rd, 2010, 07:36 PM   #7083
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kingkong_hk
, we may have more highrises and taller skyscrapers than NY, but we still miss a real king kong climbing the ICC!
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Old November 3rd, 2010, 08:43 PM   #7084
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image hosted on flickr


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You do realise that Xavibarca posts on this forum as Ribarca don't you? And that he's already posted these images?
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Old November 4th, 2010, 06:09 AM   #7085
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Just wow. Its amazing
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Old November 4th, 2010, 07:33 AM   #7086
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HK has one of the best skylines in the world. The ICC looks tremendous and dominant!
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Old November 5th, 2010, 09:54 PM   #7087
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I love Hong Kong! my favorite asian city, and my second favorite skyline ever
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Old November 9th, 2010, 06:54 PM   #7088
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Old November 10th, 2010, 05:37 AM   #7089
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The news reports today were saying due to a decreasing supply of new Grade A office space in Central, prices are expected to rise 20% next year. A high floor at The Centre was just sold for a record price. Perhaps this will fuel the need for yet another supertall, probably on the Kowloon side.
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Old November 10th, 2010, 03:05 PM   #7090
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Quote:
Originally Posted by hkskyline View Post
The news reports today were saying due to a decreasing supply of new Grade A office space in Central, prices are expected to rise 20% next year. A high floor at The Centre was just sold for a record price. Perhaps this will fuel the need for yet another supertall, probably on the Kowloon side.
Awesome.

I really think they should have lowered the height restriction above the HSR station in West Kowloon as that gap really needs filling!

I wonder if we will ever get a supertall in Mong Kok.
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Old November 11th, 2010, 12:11 PM   #7091
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Quote:
Originally Posted by hkskyline View Post
The news reports today were saying due to a decreasing supply of new Grade A office space in Central, prices are expected to rise 20% next year. A high floor at The Centre was just sold for a record price. Perhaps this will fuel the need for yet another supertall, probably on the Kowloon side.
i was just thinking that. How is it that HK office space is always under supplied when they build so much ?
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Old November 11th, 2010, 01:03 PM   #7092
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i was just thinking that. How is it that HK office space is always under supplied when they build so much ?
When ICC first came out, the owner leased them at a bargain to attract tenants. They did this with IFC as well, especially since IFC debuted during SARS, when the property market crashed. It's hard to predict which part of the economic cycle a skyscraper opening will fit in. Now that the cycle is picking up, suddenly there isn't enough new space coming out. Doubt they predicted the future so accurately many years back when they planned this building.
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Old November 11th, 2010, 02:08 PM   #7093
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Quote:
Originally Posted by hkskyline View Post
When ICC first came out, the owner leased them at a bargain to attract tenants. They did this with IFC as well, especially since IFC debuted during SARS, when the property market crashed. It's hard to predict which part of the economic cycle a skyscraper opening will fit in. Now that the cycle is picking up, suddenly there isn't enough new space coming out. Doubt they predicted the future so accurately many years back when they planned this building.
Also - is it not in developer's interest to restrict supply to maintain high rental levels? Would mean ROI on existing stock is quicker
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Old November 11th, 2010, 02:25 PM   #7094
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Quote:
Originally Posted by pookgai View Post
Also - is it not in developer's interest to restrict supply to maintain high rental levels? Would mean ROI on existing stock is quicker
The problem is supply and demand do not time themselves very well. When the shovels were in the ground to build ICC, the property market wasn't doing too well, and when leasing began, the developer was worried banks won't move across the harbour, so they discounted heavily to lure them over. In fact, ICC costed about 1/4 of IFC when the first leases were signed.

Now we see a major property boom and an economic recovery. Even if a developer puts the shovels into the ground now, it'll be at least 2-3 years until completion. By then, the cycle would've turned and suddenly there could be an oversupply of office space.
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Old November 11th, 2010, 04:03 PM   #7095
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Old November 11th, 2010, 06:11 PM   #7096
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thanx for that. but thats kind of my confusion.
In H K the over supply only ever lasts for a very short time.
Since ive known the place, 25 years, from a stock of space that was much higher than say london to begin with, they have added to it in a way that london just doesnt.
is it because londons flat and can grow outwards? Or is it becuase of chinas 'catch up' double digit growth rate?Surely that latter would only realy affect the chinese cities? and look how they have sprung up
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Old November 12th, 2010, 09:28 AM   #7097
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yeah, I was thinking the same thing.

It's amazing that they can build such a huge tower and then be undersupplied so quickly. I guess it explains why Hong Kong has such a great skyline.
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Old November 12th, 2010, 12:29 PM   #7098
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`Low' fines for deadly shaft plunge slammed
The Standard
Friday, November 12, 2010



Three contractors were yesterday fined a total of HK$1.4 million following a lift shaft tragedy at the International Commerce Center last year in which six workers died.
But a union chief said the fines are not big enough to serve as a deterrent.

On September 13 last year, six workers aged between 34 and 47 died after their work platform collapsed and plunged 17 floors down a lift shaft from the 27th floor of the 118-story skyscraper, the city's tallest building.

They had been asked to go to the lift shaft to clean dust following a complaint by a tenant.

The main contractor, Sanfield Building Contractor, was fined HK$936,000. Its lawyers told the court the company wrongly believed the work platform was made of metal - but it was, in fact, made of bamboo.

The subcontractors - Well Achieve Construction Company and Wang Wai Construction Works - were fined HK$96,000 and HK$376,000, respectively.

Kwun Tong Court magistrate Wahab bin Abu Bakar said the accident was directly related to a violation of safety rules and the fines imposed had to reflect its seriousness.

But Hong Kong Confederation of Trade Unions general secretary Lee Cheuk-yan said the sentence is too lenient, asking: "Who will pay attention to safety if the sentence is so light?"

About a dozen relatives of those killed were in court to hear the sentencing, which they also said are unfair.

The three contractors pleaded guilty to a total of 49 summonses, in exchange for the removal of the remaining 32 charges by the prosecutor.

The developer of ICC, Sun Hung Kai Properties, has paid HK$1.2 million compensation to each family.

It has also promised to set up a fund to help the children of the workers complete tertiary education.
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Old November 12th, 2010, 01:00 PM   #7099
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aa
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Old November 13th, 2010, 09:26 PM   #7100
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Well....



Source:
http://www.dcfever.com/photosharing/view.php?id=973736
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