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Old March 14th, 2011, 09:10 PM   #1421
Miami High Rise
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If this goes ahead and is built to the gold colored renders shown, it could surpass the Shanghai Tower as the coolest in China. Does 4mm deformation mean it has to be built so that it is perfectly verticle within 4mm? I remember reading that the empire state building was considered an architectural wonder because it was built within one inch of perfect. 4mm is even less than an inch and this is so much taller, that's neat.
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Old March 14th, 2011, 09:34 PM   #1422
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Quote:
Originally Posted by Miami High Rise View Post
If this goes ahead and is built to the gold colored renders shown, it could surpass the Shanghai Tower as the coolest in China. Does 4mm deformation mean it has to be built so that it is perfectly verticle within 4mm? I remember reading that the empire state building was considered an architectural wonder because it was built within one inch of perfect. 4mm is even less than an inch and this is so much taller, that's neat.
"Could surpass the ST as the coolest in China", and maybe even more important, especially for us skyscraper fans, could surpass the ST as the highest in China and the second highest in the world.

Btw one inch is 254 mm, so it's much more precise than ESB.
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Old March 14th, 2011, 09:45 PM   #1423
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Originally Posted by King of Construction View Post
"Could surpass the ST as the coolest in China", and maybe even more important, especially for us skyscraper fans, could surpass the ST as the highest in China and the second highest in the world.
When shall Mumbai Tower pass Pingan IFC?
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Old March 14th, 2011, 09:45 PM   #1424
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Quote:
Originally Posted by King of Construction View Post
"Could surpass the ST as the coolest in China", and maybe even more important, especially for us skyscraper fans, could surpass the ST as the highest in China and the second highest in the world.

Btw one inch is 254 mm, so it's much more precise than ESB.
So that is what that was refering to, then? And you mean 25.4mm=1in

I don't even know how they can tell if it's within 1/5 of an inch at 2100 feet. Even on the stillest day it should sway enough to make it a difficult measurement.
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Old March 15th, 2011, 01:18 AM   #1425
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Hong Kong’s Fourth-Richest Billionaire Buys Ping An Stake For $2.5 Billion

Ping An Insurance (Group) Co. raised HK$19.4 billion ($2.5 billion) selling shares to a Hong Kong billionaire to help China’s second-largest insurance company bolster capital.

Chow Tai Fook Nominee Ltd., controlled by the family of the Hong Kong tycoon Cheng Yu-tung, bought 272 million shares at HK$71.50 each, according to a Hong Kong exchange filing late yesterday. The new stock represents 3.44 percent of expanded share capital, and Ping An will use the money to increase its solvency ratio and “broaden the capital scale,” it said.

Ping An is raising capital after saying in September it will pay 29.1 billion yuan ($4.4 billion) for control of Shenzhen Development Bank Co. to enhance banking operations.

“They need to raise capital for the medium- and long-term as the acquisition of Shenzhen Development Bank brings down its solvency ratio,” said Shanghai-based Sheng. “A private placement can be fast, but it dilutes existing holdings and it’s hard to tell what shareholders’ response will be.”

The solvency ratio of Ping An’s property and casualty unit dropped 7.4 percentage points in the first half of 2010 to 136.2 percent as of June 30, as premiums surged by 61 percent, and the gauge for its life insurance arm fell 20 percentage points to 206.3 percent, according to company filings.

Chinese insurer may be subject to restrictions when their solvency ratios drop below 150 percent, according to government rules.
Buying a Bank

Under the agreement, Ping An will pay 2.69 billion yuan in cash and inject its existing banking unit into the Shenzhen- based lender in return for a 22.4 percent stake, raising its holdings to 52.39 percent.

The insurer, also based in Shenzhen, already raised its holding in the Shenzhen bank to 29.99 percent in June by buying a stake from Newbridge Capital LLC and new shares.

Ping An Insurance achieved “much better” underwriting profitability for non-life business last year than in 2009 as expenses dropped, Shi Liangxun, vice president of Ping An Property & Casualty Insurance Co., said on March 1.

It will be “very difficult” to lower the unit’s combined ratio, which measures expenses and claims as a percentage of premiums earned, further this year, Shi said. The unit will also find it hard to exceed an estimated 20 percent average in premium growth for China’s non-life insurance industry this year, Shi said.

The share in the placement announced yesterday will be issued under Ping An’s general mandate, granted to the board at the June 29 annual shareholders’ meeting, according to the statement.
Trading Resumes

Ping An was suspended in Hong Kong yesterday and will resume trading at 9 a.m. today, according to the statement to the exchange. The stock has dropped 6 percent this year, while Hong Kong’s benchmark Hang Seng Index has risen 1.4 percent.

The insurer’s Shanghai shares dropped 4 percent on Jan. 6 after a Citic Securities Co. report saying it may need to raise up to 40 billion yuan.

Cheng controls property company New World Development Co. and was ranked by Forbes Magazine as Hong Kong’s fourth-richest person.

Hong Kong’s richest man, Li Ka-shing, last year invested in a rights offer by London-based Prudential Plc.

To contact the reporters on this story: Shelley Smith in Hong Kong at [email protected]; Bei Hu in Hong Kong at [email protected]

http://www.bloomberg.com/news/2011-0...5-billion.html
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Old March 15th, 2011, 03:00 AM   #1426
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Good to hear they are shoring up their money supply!
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Old March 15th, 2011, 05:29 AM   #1427
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Yesterday evening I went by the construction sites, north and south sites. Not lot activity but still the barracks are lighten up there are workers. And the barracks on the south construction site are now filled with workers. This added to the jackhammers sounds + the guards that keeps the main entrance cleared from parked cars, it seems it will start back to normal speed soon.
Anyways compared with Guangzhou East tower construction site it's Disneyland on steroids.
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Old March 15th, 2011, 06:01 AM   #1428
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Hi all.

Nice to hear there is some movement at the site - albeit small.

As for the 4mm deflection I would hazard a guess that is the max amout allowed for the metro and/or the adjacent structures.

The 648 meter tall PingAn Tower WILL have considerably more deflection than 4 mm.
The maximum horizontal deflection allowed in a 100 meter high building is 0.1 to 0.5 meters depending on what country your in. These are max numbers - most construction firms would strive for, and achieve much less.
Point is no structure is perfectly plumb.


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Old March 15th, 2011, 04:53 PM   #1429
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Quote:
Originally Posted by YannSZ View Post
Anyways compared with Guangzhou East tower construction site it's Disneyland on steroids.
Shanghai Tower compared to Pingan is like Disneyland on steroids lol!
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Old March 16th, 2011, 04:03 AM   #1430
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Quote:
Originally Posted by djm160190 View Post
Shanghai Tower compared to Pingan is like Disneyland on steroids lol!
Not untrue at all
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Old March 17th, 2011, 11:36 AM   #1431
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Great news!

Hey guys,

So there is lot more activity on the construction site!

- There are new barracks on the West side of the construction site (main tower)
- They are demolishing 3 metro air vent blocks at the north side of the site
- They are removing some stuffs from the pit and putting in some kind of square shape rebars

I'd appreciate some comments on the pictures from experts.

Sorry for the quality I had to zoom in with my iphone!

image hosted on flickr

image hosted on flickr

image hosted on flickr

image hosted on flickr

image hosted on flickr
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Old March 17th, 2011, 02:45 PM   #1432
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constructions to Go....
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Old March 17th, 2011, 09:15 PM   #1433
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lol most epic in picture discription i've ever seen
and thanks yann for the updates ~
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Old March 17th, 2011, 09:22 PM   #1434
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Wonderful news!
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Old March 18th, 2011, 01:07 AM   #1435
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Thanks YannSZ!!! I needed a bit of good news today
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Old March 18th, 2011, 01:15 AM   #1436
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No comments from the experts necessary, the next second tallest building in the world is clearing moving ahead.
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Old March 18th, 2011, 01:16 AM   #1437
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Thank you YannSZ!
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Old March 18th, 2011, 03:33 AM   #1438
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Thanks all. Does anybody know what the use of these square shapes rebars they are putting in the pit?
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Old March 18th, 2011, 04:50 AM   #1439
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Hi all.

Hi Yann.
Thanks for the update.
I posted before on the subject of piling under the main structures (under the holes). I have no shots showing any piling being done where the holes are located (before they were top downed) and many of piling being done for the podium. The piling under the holes could have been done between updates of course - so I'm not sure.

Next unanswered question is the depth and type of the podium piling. Do they go down to bedrock or are they skin friction ? Does anyone from the area know how deep the bedrock is ?

The next question in my mind is why the holes are only 4 levels deep when the drawings posted clearly show 5 ? Did they revise the plan or will they top down another level ? They did some sort of ceremony at the bottom seemingly like they were done digging - so ?

Without answers to these questions I can only hazard a guess to your query on the square rebar. If bedrock is right there they could be the rebar for column footings that sit on the bedrock. I would think either 4 or 9 of them would be used for each footing as they look to be too small to be used individually.
Seems a bit of a stretch though ...


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Old March 18th, 2011, 08:14 AM   #1440
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Thanks for Yann's update and Expert Ray's comment!
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