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  #121  
Old Posted Aug 24, 2011, 5:17 PM
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  #122  
Old Posted Sep 3, 2011, 5:25 AM
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  #123  
Old Posted Sep 24, 2011, 4:25 AM
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  #124  
Old Posted Oct 4, 2011, 3:06 AM
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  #125  
Old Posted Oct 25, 2011, 4:21 PM
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  #126  
Old Posted Oct 25, 2011, 4:26 PM
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maybe they will turn it into a public swimming pool.
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  #127  
Old Posted Nov 5, 2011, 4:39 PM
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  #128  
Old Posted Nov 21, 2011, 8:23 PM
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  #129  
Old Posted Dec 22, 2011, 5:24 PM
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  #130  
Old Posted Dec 22, 2011, 6:25 PM
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finally a supertall actually U/C in S. Korea!
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  #131  
Old Posted Dec 22, 2011, 8:50 PM
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Oh it's not the first..(Lotte Super Tower, Northeast Asia Trade Tower)
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  #132  
Old Posted Dec 30, 2011, 3:51 PM
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  #133  
Old Posted Dec 30, 2011, 5:17 PM
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Quote:
Originally Posted by scalziand View Post
Oh it's not the first..(Lotte Super Tower, Northeast Asia Trade Tower)
I feel these towers are going to end up being debt bombs, they are way too good to be true for the size of Korea's economy. What are they going to do with all that space? That is if Asia's bursting bubble doesn't kill them off first.
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  #134  
Old Posted Dec 30, 2011, 8:19 PM
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Maybe. NATT in itself is only ~1.1msf, not a particularly large tower. The Lotte towers are much larger, ranging from 2.7-3.3msf, parts of these towers will be hotel, cutting down on the office space supply, and Lotte group should be occupying a good portion of the towers. The other supertowers in Korea aren't moving as quickly as the Lotte towers are.

Quote:
A further increase in vacancy rate is expected in the Seoul office market
following the addition of more supply (101 Pine Avenue, State Namsan
Tower) entering the market at the end of this year. However, Seoul's office
market is anticipated to see stabilization. The surge in new completions in
2011 will lead to a temporary spike in vacancy but, much of the new supply is
expected to be absorbed by latent demand built up due to years of
undersupply.
https://docs.google.com/viewer?a=v&q...-bzCAs1Q&pli=1

It all depends on if that 'latent demand' really exists.
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  #135  
Old Posted Dec 31, 2011, 1:54 PM
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Quote:
Originally Posted by Onn View Post
I feel these towers are going to end up being debt bombs, they are way too good to be true for the size of Korea's economy. What are they going to do with all that space? That is if Asia's bursting bubble doesn't kill them off first.
Have you been to Korea?
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  #136  
Old Posted Dec 31, 2011, 4:31 PM
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Quote:
Originally Posted by MolsonExport View Post
Have you been to Korea?
Have you been to Japan? Do they have a tower like this? This may have made sense 10 or 20 years ago, but Korea is largely a developed economy today. With all the new contsurction that has already taken place going even taller (not just a little, 1,000 ft taller) seems way out of place. Korea's population growth is flat. Unless Samsung is going to take up a huge portion in both towers, I don't see who in Korea would need that kind of ultra-luxary space. Many of these towers are being pushed by the local governments just to put their cities on the map. They're not based on supply and demand.

New article illustrating my point: http://www.bbc.co.uk/news/technology-15991487

Last edited by Onn; Jan 1, 2012 at 8:31 AM.
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  #137  
Old Posted Dec 31, 2011, 6:39 PM
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^yes, I have been to Korea and Japan. Both are very different economies at different stages of industrial development. Korea's population growth may be stagnant, but Seoul is growing and companies based in Seoul are growing. The Seoul area is not astride major faultlines as is Tokyo, while at the same time, Seoul is replete with mountains [placing limits on the area for development]. Patterns of land ownership are different between Seoul and Tokyo. Hence why they have not grown as tall, until recently. Visit Shinjuku and you will see many very tall buildings. Tokyo buildings are often much larger than their taller counterparts in other cities. Floor plates tend to be much larger in Tokyo buildings. Try doing a little research before you jump to conclusions.
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  #138  
Old Posted Dec 31, 2011, 7:24 PM
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This one here is in Busan, not Seoul. And I know there is at least one planned for Incheon too. Korea's economy cannot sustain the growth rate of the last decade, which has partly been fueled by government spending (infrastrustrure) and China's economic bubble. Korean household debt is also far above where it should be today, while exports are falling to the west. 1000ft+ skyscrapers have been proposed in Tokyo before though, but never built. I can't help but feel this project, as well as many others in Asia, have a little too much of Dubai in them.
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  #139  
Old Posted Jan 6, 2012, 12:21 PM
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Updates-by Korea2002

Hi !
I'm korea2002 from Skyscrapercity Forum.

Update-2012.1.6


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  #140  
Old Posted Jan 6, 2012, 4:31 PM
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Thanks for the update.
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