Skyscraper Index

[winston]

BJ 7 Star Hotel

Authorities in Beijing plan to build a 7 star hotel modelled after Dubai's Burj Khalifa, the world's tallest building in a US$1.3bln joint project with Saudi Arabia.

The hotel will be erected in western Beijing's Mentougou district but authorities did not specify a timeline for completion.

According to Barclays Capital's Skyscraper Index, the above is worrisome for investors looking to pour money into China's property market.

Based on past data, the great depression in the 1930s had coincided with a number of Manhattan's most recognisable icons such as 40 Wall Street and Chrysler Building build in 1930 and the Empire State Building in 1931, while the Asian Financial Crisis in 1998 had coincided with Malaysia's completion of the Petronas Twin Towers in Kuala Lumpur while the debt crisis in Dubai coincided with their completion of the world’s tallest building Burj Khalifa.

Source: Lim & Tan

[thelonetraveller]

Based on past data, the great depression in the 1930s had coincided with a number of Manhattan’s most
recognisable icons such as 40 Wall Street and Chrysler Building build in 1930 and the Empire State
Building in 1931, while the Asian Financial Crisis in 1998 had coincided with Malaysia’s completion of
the Petronas Twin Towers in Kuala Lumpur while the debt crisis in Dubai coincided with their completion of the world’s tallest building Burj Khalifa.

Source: Lim & Tan

Chanced upon the pictorial representation today:

[kennynah]

i guess the 2 casinos built aren't that big deal afterall...since their existence instigated no financial meltdown

[iam802]

That's bcos it is not completed yet

Next year...everything should be completed. So, keep your fingers crossed (or should I say keep it nimble and be ready to react to the market's movement)

[kennynah]

oh ya hor....ok, better brace ourselves for a hard landing....

ladies and gentlemen... please ensure your tighten your seat belts, stow your trays, and keep your seats upright...bend forward and hug your lap....get ready for crash landing... cabin crew, call your loved ones for the last time...

[iam802]

Thinking back... the Singapore Flyer (which was the tallest ferris wheel) was completed in early 2008, right?

[kennynah]

boss...i duno recall and didn't think too much of the flyer...a copy ... nothing for me to be proud of...actually quite paiseh about this... imo, it should not be associated with "singapore".... better call it ABC flyer...

[iam802]

the next tall building..and why 2012 will see a mini 'recession'

Tokyo Sky Tree

http://en.wikipedia.org/wiki/Tokyo_Sky_Tree

The Tokyo Sky Tree (東京スカイツリー Tōkyō Sukai Tsurī?), formerly known as New Tokyo Tower (新東京タワー Shin Tōkyō Tawā?), is a broadcasting, restaurant and observation tower under construction in Sumida, Tokyo, Japan. It is the tallest artificial structure in Japan since 2010.[1] When completed, the tower will have a height of 634.0 metres (2,080 ft).

The project is being led by Tobu Railway and a group of six terrestrial broadcasters (headed by public broadcaster NHK). Construction of the tower is scheduled to be completed by December 2011, with the public opening in spring 2012. The completed structure will be the highlight of a massive commercial development as it is located equidistant from Narihirabashi Station and Oshiage Station.

One of Tokyo Sky Tree's main purposes is as a television and radio broadcasting tower. Tokyo's current broadcasting tower, Tokyo Tower, is at 333 m (1,093 ft), no longer tall enough to give complete digital terrestrial television broadcasting coverage as it is surrounded by many high-rise buildings.

When completed, the Tokyo Sky Tree will be the tallest tower in the world beating Canton Tower (600 m (1,969 ft)), the tallest structure on an island beating Taipei 101 and the second tallest structure in the world after the Burj Khalifa.

[kennynah]

The Tokyo Sky Tree -- Tōkyō Sukai Tsurī
Tokyo Tower -- Tokyo Tawa

wahahaha.... always makes me laugh at these jokers....

[winston]

Skyscrapers have 'unhealthy' link to financial crises by Roland Jackson

The construction of enormous skyscrapers has an "unhealthy" link with looming financial crises and investors should therefore keep a close eye on China and India, Barclays Capital said on Wednesday.

China is currently the biggest builder of skyscrapers, while booming India is constructing the second largest tower in the world, the investment bank said in its latest annual 'Skyscraper Index' survey.

"Our Skyscraper Index continues to show an unhealthy correlation between construction of the next world's tallest building and an impending financial crisis -- New York 1930; Chicago 1974; Kuala Lumpur 1997 and Dubai 2010," Barclays Capital said in a report.

"Yet often the world's tallest buildings are simply the edifice of a broader skyscraper building boom, reflecting a widespread misallocation of capital and an impending economic correction.

"Investors should therefore pay particular attention to China, today's biggest builder... and India, which with just two completed skyscrapers, now has 14 skyscrapers under construction."

Barclays Capital warned of a "bubble" in China, whose property boom has been powered by cheap liquidity.

http://www.newsmeat.com/news/meat.php?a ... &buid=3281