Quote:
Originally Posted by Onn
Does Tokyo have a tower that tall? Is there a tower that tall in all of Japan? The property market in South Korea has been over-leveraged for a long time now, as is the case in much of Asia.
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What does height have anything to do with it? The Seoul AAA office space market has traditionally had very high absorption rates and could fill this building quite handily by the time it is completed several years down the road.
Property market over leveraged? What in the world are you talking about?? First off NO South Korea's property markets are not over-leveraged, they don't even come close to levels seen in the West, in fact Chonsei leasing and governmental mortgage restrictions require large up front lump sums and has resulted in a much more stable mortgage market. Second, that is a completely irrelevant point as this is an office building which will be institutionally owned and leased out by multi-billion dollar multinational firms, over-leveraging of property markets has nothing to do with the market feasibility of this building what so ever.
Do you have
any idea what you are talking about?