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Old February 9th, 2011, 09:22 AM   #1361
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So this means we have a project ON HOLD if they are redesigning it and changing height the final height might as well be 550 for all I know until we have a credible source of information quoting something Official
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Old February 10th, 2011, 05:07 AM   #1362
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Hi all.

Quote:
Originally Posted by droneriot View Post
The underground stage of skyscrapers always takes forever, it is annoying as hell but unfortunately unavoidable. I'm sure that once this is above ground it will go at a respectable one-floor-a-week speed.
Hi Drone.

I rather enjoy the foundation works. There is just as much happening as the later above grade work - it's just not as visually apparent. The earlier planning phase and even earlier conceptual phase are just as enjoyable to me.

As for this project it does seem they are in a holding pattern - perhaps not 'on hold' but certainly 'on pause'.


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Old February 10th, 2011, 09:22 AM   #1363
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Scion sent me a message a while ago saying Ping'an want to push the height to 660 meters but Beijing is dragging their feet on approving it. Also he said there was cracking on the concrete foundations due to heavy rain recieved this summer.
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Old February 10th, 2011, 10:10 AM   #1364
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Quote:
Originally Posted by giovani kun View Post
So this means we have a project ON HOLD if they are redesigning it and changing height the final height might as well be 550 for all I know until we have a credible source of information quoting something Official
Just ignore those baseless rumors. They are normally fabricated by attention whores.
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Old February 11th, 2011, 09:06 PM   #1365
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Quote:
Originally Posted by Fury View Post
Hi all.



Hi Drone.

I rather enjoy the foundation works. There is just as much happening as the later above grade work - it's just not as visually apparent. The earlier planning phase and even earlier conceptual phase are just as enjoyable to me.

As for this project it does seem they are in a holding pattern - perhaps not 'on hold' but certainly 'on pause'.


Ray.
Well we did had an update where there were pillar equipment , I would say it might take 3-6 month at least to finish the foundation works and spanning to over one year the underground works. Chinese engineering is amazing

Quote:
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Just ignore those baseless rumors. They are normally fabricated by attention whores.
Thank you Zorg
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Old February 12th, 2011, 06:48 PM   #1366
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Quote:
Originally Posted by HardBall View Post
ugghhhhh, We need to start a petition for redesign; the current design blows, very very badly. I was pretty much expecting a redesign with the delay that they are having. I thought they had come to their senses, but maybe apparently not!

Please Ping'An, don't let us down again.
I love the current design, I hope they don't change it, but I'm worried it won't get built.
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Old February 12th, 2011, 10:19 PM   #1367
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I might even prefer it to Shanghai Tower...
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Old February 13th, 2011, 04:23 AM   #1368
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Quote:
Originally Posted by Simfan34 View Post
I love the current design, I hope they don't change it, but I'm worried it won't get built.
Hope you are kidding. Aesthetics is not a word that I would put in the same sentence as pingan at this point.

I was thinking how hard it would be to adapt the work so far to a design like Chicago spire. That is one superb design that is just looking for a place to get built, it would fit SZ skyline very well. How good it would be to have KK and CS on the same skyline.
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Old February 13th, 2011, 06:11 AM   #1369
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I agree. Ping'an looks like an Aon Tower-Empire State Building hybrid that took the worst parts of both buildings. A new design would be great. Maybe all glass this time. For me, 2000ft+ should be fully glass.
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Old February 15th, 2011, 02:40 AM   #1370
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yeah its bad cause its square and it has a spire in the center
honestly i dont see a single thing ugly about this building
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Old February 15th, 2011, 04:19 AM   #1371
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Empire State Building look-alike
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Old February 15th, 2011, 08:55 AM   #1372
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Simple is good here, what is the status on it now 648 or 660?
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Old February 15th, 2011, 09:00 AM   #1373
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Quote:
Originally Posted by z0rg View Post
Just ignore those baseless rumors. They are normally fabricated by attention whores.

+1 to that
Quote:
Originally Posted by Simfan34 View Post
I love the current design, I hope they don't change it, but I'm worried it won't get built.
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Old February 16th, 2011, 05:07 AM   #1374
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To throw some heat on the baseless rumors, I was walking by Coco Park the other day, and the renders on the walls of the site were ripped off. Again, I have no idea what that means.

Now, I would absolutely love for this project to be built (I don't understand the criticism about the design), but I too am worried that it will become nothing but another 烂尾.

It is important to remember that Shenzhen does not have the government-directed fixed asset investment machine that is sported by Beijing, Shanghai and Chongqing (or even province capitals like Guangzhou, Hangzhou, or Shenyang). Shenzhen, as a city, is one of China's most market-oriented - as an SEZ, it gets a number of preferential policies that make it a great place to do business, but that means that the financial burden of real estate development by and large falls on private enterprises. Shenzhen's economic strength is also its weakness - you live by the sword and die by the sword. Shenzhen is riddled with half built real estate projects.

So yeah, when a private company is attempting to build the tallest skyscraper in China (and Asia at large), and said company is having trouble meeting the central government's new capital requirements, and the president of said company (Louis Cheung) jumped ship to start a private equity firm... there might be indeed be a problem.

Remember that Ping An, unlike other private real estate developers such as Excellence or Vanke, can't simply borrow the money to make up the difference. The fact that they already have too many liabilities is what's causing their difficulties in the first place.

We'll see what happens, and I don't think it's enough to put the project "on hold" yet. Chinese securities companies are secretive to a fault, and finding English language news is even more of a struggle. But yeah, I don't think the rumors are completely baseless.

If anyone can help me find some good, in depth financial statements from the Ping An Group (even in Chinese... financial statements are pretty easy to read), I'd love to scour them for more information as to whether Ping An is indeed facing a real capital shortfall. Anything to keep my mind off of teaching English
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Old February 16th, 2011, 06:32 AM   #1375
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Good insights.

The signs being torn down around the site doesn't sound encouraging. Looks like we're in for a long wait.
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Old February 16th, 2011, 06:42 AM   #1376
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Quote:
Originally Posted by spectre000 View Post
Good insights.

The signs being torn down around the site doesn't sound encouraging. Looks like we're in for a long wait.
Some of the signs were torn down to let room for new and fresh advertising. The main board on the South East corner is still up. This year is the year of the Universiade (student olympic games) in Shenzhen and Pingand is one of the partner, they are advertising on this it makes more sense than advertising on a building that will completed 3 or 4 years later. On the hotel construction site there are Pingan advertisement about their financial services.
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Old February 16th, 2011, 08:10 AM   #1377
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Well, that's encouraging at least. While I still worry, it was the North-East corner render that was torn, which means it was probably due to the elements or something.
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Old February 18th, 2011, 07:05 AM   #1378
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by:自然兄








The weather's not good,but we can see that there's still some progress on the site.
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Old February 18th, 2011, 07:24 AM   #1379
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The building itself is iconic. But I can't imagine Shenzhen stealing the skyline crown from HK.

In the end, HK + Shenzhen will form a mega skyline.
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Old February 18th, 2011, 11:20 AM   #1380
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So these little tools seems to have been put in order.
Some weeks ago they were like this:
image hosted on flickr


And now they are like this:
I've enhanced one part of 自然兄 picture.

image hosted on flickr


So does anybody knows exactly the purpose of these kind of small cranes?
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