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-   -   BUSAN | Lotte Tower | 1,246 FT / 380 M | FLOORS (https://skyscraperpage.com/forum//showthread.php?t=66461)

scalziand Aug 24, 2011 5:17 PM

Big hole but oddly quiet.
http://img94.imageshack.us/img94/262/95059569.jpg
korea2002

scalziand Sep 3, 2011 5:25 AM

http://img15.imageshack.us/img15/3460/004liw.jpg
korea2002

scalziand Sep 24, 2011 4:25 AM

http://img843.imageshack.us/img843/4603/006lpd.jpg
korea2002

scalziand Oct 4, 2011 3:06 AM

http://img38.imageshack.us/img38/873...1003151242.jpg
korea2002

scalziand Oct 25, 2011 4:21 PM

http://img23.imageshack.us/img23/2981/11183198.jpg
BIFC

kalifese Oct 25, 2011 4:26 PM

maybe they will turn it into a public swimming pool.

scalziand Nov 5, 2011 4:39 PM

Still diggin'
http://img16.imageshack.us/img16/573/20111011145437.jpg
korea2002

scalziand Nov 21, 2011 8:23 PM

Still diggun'.

http://img143.imageshack.us/img143/3883/24406941.jpg

http://img511.imageshack.us/img511/2001/41973550.jpg

http://img507.imageshack.us/img507/1269/111dg.jpg

에어부산

scalziand Dec 22, 2011 5:24 PM

http://img52.imageshack.us/img52/5130/79263155.jpg
http://img521.imageshack.us/img521/25/54175161.jpg
http://img651.imageshack.us/img651/7208/30864100.jpg
http://img811.imageshack.us/img811/1174/79947194.jpg
http://img696.imageshack.us/img696/876/29316192.jpg
http://img846.imageshack.us/img846/5295/64814548.jpg
BIFC

Dylan Leblanc Dec 22, 2011 6:25 PM

finally a supertall actually U/C in S. Korea!

scalziand Dec 22, 2011 8:50 PM

Oh it's not the first..(Lotte Super Tower, Northeast Asia Trade Tower);)

scalziand Dec 30, 2011 3:51 PM

http://img502.imageshack.us/img502/7...2063043624.jpg
korea2002

Onn Dec 30, 2011 5:17 PM

Quote:

Originally Posted by scalziand (Post 5525997)
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.

scalziand Dec 30, 2011 8:19 PM

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.

MolsonExport Dec 31, 2011 1:54 PM

Quote:

Originally Posted by Onn (Post 5532595)
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?

Onn Dec 31, 2011 4:31 PM

Quote:

Originally Posted by MolsonExport (Post 5533309)
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

MolsonExport Dec 31, 2011 6:39 PM

^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.

Onn Dec 31, 2011 7:24 PM

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.

idididsh Jan 6, 2012 12:21 PM

Updates-by Korea2002
 
Hi !
I'm korea2002 from Skyscrapercity Forum.

Update-2012.1.6

http://img404.imageshack.us/img404/2...dsfdsfsdsf.jpg
http://img833.imageshack.us/img833/8...fdsfdsfdsf.jpg

scalziand Jan 6, 2012 4:31 PM

Thanks for the update.:cheers:


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