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Old April 29th, 2013, 08:23 PM   #4761
KillerZavatar
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'let's just build a megatall there so we can "balance" the skyline a bit'
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Old April 29th, 2013, 09:21 PM   #4762
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2013-04-29 by crazyboyxzy

[IMG]http://i42.************/b6esde.jpg[/IMG]

[IMG]http://i39.************/34pm9ep.jpg[/IMG]
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Old April 29th, 2013, 11:38 PM   #4763
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Quote:
Originally Posted by KillerZavatar View Post
'let's just build a megatall there so we can "balance" the skyline a bit'
good idea
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Old April 30th, 2013, 06:13 AM   #4764
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Quote:
Originally Posted by zwamborn View Post
2013-04-29 by crazyboyxzy
http://i39.************/34pm9ep.jpg
Too my defense not knowing how dense and "tall" this city actually is, this is the look I've seen in probably 90% of the renders, with an occasional semi truck filled with re-bar and steel, so yes the last few pages surpised the hell outta me. Most photos were the core, and coco park.
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Last edited by kanye; April 30th, 2013 at 06:43 PM.
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Old April 30th, 2013, 05:45 PM   #4765
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Quote:
Originally Posted by KillerZavatar View Post
'let's just build a megatall there so we can "balance" the skyline a bit'
Just a perfect reason. Who cares about tenants!
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Old April 30th, 2013, 05:58 PM   #4766
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There isn't a proplem with finding tenants, otherwise there wouldn't be a boom like this.
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Old April 30th, 2013, 10:57 PM   #4767
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If we believe this, grade A office space vacancy rates were at 9.8% while in Futian (where Ping An is being built) just 6.1%.

Given that the supply of new space in Shenzhen is enormous, such low vacancy rates virtually guarantee tenants for anything that is located in a reasonably accessible location.
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Old April 30th, 2013, 11:57 PM   #4768
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Guys, I don't think Eric was really serious about it. He just pointed out that "balancing out the skyline" shouldn't be a decisive factor for building a skyscraper.
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Old May 1st, 2013, 04:26 AM   #4769
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Quote:
Originally Posted by bigreach View Post
From all the previous angles and pics taken, I thought this was being built in a somewhat desolate area.. But looking at HarryChao's pics. Wow I never knew there were skyscrapers just across the street.






(yckkeko55's photos)
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Old May 1st, 2013, 01:39 PM   #4770
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Apr 28

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Flickr 上 高寶銳IMG_3089

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Flickr 上 高寶銳IMG_3107

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Flickr 上 高寶銳IMG_3113

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Flickr 上 高寶銳IMG_3196

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Flickr 上 高寶銳IMG_3197

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Flickr 上 高寶銳IMG_3213

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Flickr 上 高寶銳IMG_3218
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Old May 1st, 2013, 01:46 PM   #4771
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Quote:
Originally Posted by cfredo View Post
Guys, I don't think Eric was really serious about it. He just pointed out that "balancing out the skyline" shouldn't be a decisive factor for building a skyscraper.
you got it.

Btw, 6.1% is a healthy vacancy rate.
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Old May 1st, 2013, 02:52 PM   #4772
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Actually for a booming market that's a dangerously low vacancy rate that may cause bottlenecks in the supply and encourage overpriced offices. New supply should be able to keep the demand around 15% till the market is mature (i.e., till the yearly take-up is just 0-3% over the total supply), only then a 5%~ vacancy rate is healthy.

Many people (including biased journalists) aren't seeing the whole picture when they say some Chinese cities have high vacancy rates. A 25-30% vacancy rate (Chengdu) may be seen as too high, but if the current supply is slow and the vacancy rate remains stable around that rate for 5-10 years in spite of the constant new buildings being launched that means the demand is very strong either, and a slowdown in office construction could collapse the vacancy rate leading to a shortage within just a couple of years as it happened to Shanghai circa 2007 when vacancy rate plunged to 2% after a drastic construction slowdown on "bubble concerns", same as Beijing circa 2009 because of the same misleading analysis. Both cities suffered A grade offices shortages in recent years. Shanghai still does, for example the ICBC has purchased a whole 250m tower even before they've started digging, is that healthy? My point is, the vacancy rate figure per se is irrelevant.
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Last edited by z0rg; May 1st, 2013 at 03:04 PM.
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Old May 2nd, 2013, 06:02 AM   #4773
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Just stellar, I can't wait to see this go, just a shame I'd hate to see it up the ST, with it's spire,, I like ST's crown look.
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Old May 2nd, 2013, 01:30 PM   #4774
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May 01 by gjhhose
























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Old May 2nd, 2013, 05:55 PM   #4775
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Quote:
Originally Posted by z0rg View Post
Actually for a booming market that's a dangerously low vacancy rate that may cause bottlenecks in the supply and encourage overpriced offices. New supply should be able to keep the demand around 15% till the market is mature (i.e., till the yearly take-up is just 0-3% over the total supply), only then a 5%~ vacancy rate is healthy.

Many people (including biased journalists) aren't seeing the whole picture when they say some Chinese cities have high vacancy rates. A 25-30% vacancy rate (Chengdu) may be seen as too high, but if the current supply is slow and the vacancy rate remains stable around that rate for 5-10 years in spite of the constant new buildings being launched that means the demand is very strong either, and a slowdown in office construction could collapse the vacancy rate leading to a shortage within just a couple of years as it happened to Shanghai circa 2007 when vacancy rate plunged to 2% after a drastic construction slowdown on "bubble concerns", same as Beijing circa 2009 because of the same misleading analysis. Both cities suffered A grade offices shortages in recent years. Shanghai still does, for example the ICBC has purchased a whole 250m tower even before they've started digging, is that healthy? My point is, the vacancy rate figure per se is irrelevant.
While Beijing is still suffering..its vacancy rate is at 2.7%
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Old May 2nd, 2013, 06:24 PM   #4776
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2013-5-2

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Old May 2nd, 2013, 06:54 PM   #4777
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thx for the updates guys , the amount of progress is amazing now
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Old May 3rd, 2013, 05:08 AM   #4778
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Wow those night shots are sweet. I'm American, but it just seems that asians (thank you shakkur) do it just phenomenal.. Kanye's photo's were the ones I've seen most of, and they all make the surrounding areas look "I guess less dense"
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Last edited by bigreach; May 4th, 2013 at 06:15 AM.
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Old May 3rd, 2013, 01:36 PM   #4779
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Quote:
Originally Posted by z0rg View Post
Actually for a booming market that's a dangerously low vacancy rate that may cause bottlenecks in the supply and encourage overpriced offices. New supply should be able to keep the demand around 15% till the market is mature (i.e., till the yearly take-up is just 0-3% over the total supply), only then a 5%~ vacancy rate is healthy.

Many people (including biased journalists) aren't seeing the whole picture when they say some Chinese cities have high vacancy rates. A 25-30% vacancy rate (Chengdu) may be seen as too high, but if the current supply is slow and the vacancy rate remains stable around that rate for 5-10 years in spite of the constant new buildings being launched that means the demand is very strong either, and a slowdown in office construction could collapse the vacancy rate leading to a shortage within just a couple of years as it happened to Shanghai circa 2007 when vacancy rate plunged to 2% after a drastic construction slowdown on "bubble concerns", same as Beijing circa 2009 because of the same misleading analysis. Both cities suffered A grade offices shortages in recent years. Shanghai still does, for example the ICBC has purchased a whole 250m tower even before they've started digging, is that healthy? My point is, the vacancy rate figure per se is irrelevant.
I agree. We would be jealous of 6,1%, but we are in a mature market here. Shenzhen isn't.
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Old May 3rd, 2013, 06:23 PM   #4780
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I've never seen cranes lit up at night like that for aesthetics. Thats crazy haha
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