Posted Aug 12, 2011, 2:12 PM
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Registered User
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Join Date: Apr 2010
Location: The United States
Posts: 1,937
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Quote:
Originally Posted by LeftCoaster
What does height have anything to do with it? The Seoul AAA office space market has very high absorption rates and could fill this building quite handily.
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 requires 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?
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There more certinly is sir, I don't lie. 
http://www.koreatimes.co.kr/www/news...123_68942.html
http://www.cnbc.com/id/41710133/Prop...Asia_Economist
http://viakorea.wordpress.com/2011/0...ousing-bubble/
http://www.bbc.co.uk/news/business-14133337
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