SHANGHAI | World Financial Center | 1,614 FT / 492 M | 101 FLOORS - Page 10

Beyond 1000 · #**181** Posted **Jul 17, 2004, 2:10 AM**

some stupid nut,

I was skeptical even when I saw the photos of the diggers digging away. Look at my first post on this thread.

In other posts previous about SWFC, I continually stated that this project was and is on life support. Right now the oxygen is rapidly depleting.

There can no longer be any cost increase on this project. I don't believe that SWFC will be a financially viable project. With yet another delay, this building is becoming a Money Sucking Pit.

Again, I say please don't hold your breath on this one.

Still, I hope it goes but I doubt it.

teddybear · #**182** Posted **Jul 17, 2004, 3:14 AM**

It's sad to see this project is so difficult to run. Mori might end up selling it to other developer and bite the bullet.

Razqal · #**183** Posted **Jul 17, 2004, 9:34 AM**

Guess Taipei 101 and democracy will rule!!!!

superchan7 · #**184** Posted **Jul 17, 2004, 10:41 AM**

Funding issues and corruption have nothing to do with democracy
Don't forget Dubai and HK, whose projects are well under way.

Beyond 1000 · #**185** Posted **Jul 18, 2004, 12:48 AM**

Burj Dubai and US7 are a sure go. Forgetting needles and syringes on top, BD and US7 will be the tallest. BD won't rise out of the ground for quite a while. See Kelvin's posting on pushing in 800 piles into the ground for BD.

US7 is about to start going.

SWFC has now a problem of being seen as an economic loss. It is such an elaborate building and the original budget was laid back probably in the mid 1990s that with height increases and rising costs over the years, the developer will have a difficult time in securing a loan from any bank.

The next possible outcome would be the central gov't completing the project itself for Shanghai's prestige. In otherwords, the FED will take over.

Dark357g · #**186** Posted **Jul 18, 2004, 1:15 AM**

The government taking over might not be so bad.

teddybear · #**187** Posted **Jul 18, 2004, 6:08 AM**

LOL... somebody try to relate skyscraper with democracy...
Geez!

Dark357g · #**188** Posted **Jul 18, 2004, 9:45 AM**

as in the Mori group can get it built and the government can't?

Razqal · #**189** Posted **Jul 18, 2004, 10:13 AM**

Quote:

Originally Posted by teddybear

LOL... somebody try to relate skyscraper with democracy...
Geez!

SWFC being in commieland and Taipei 101 being in the land of the free.

avcellvs · #**190** Posted **Jul 19, 2004, 8:14 AM**

July 19th 2004. Diggers keep digging...

http://forum.cameraunion.net/upload/545/54574/54574_1090218638.jpg

http://forum.cameraunion.net/upload/545/54574/54574_1090218818.jpg

coth · #**191** Posted **Jul 19, 2004, 11:33 AM**

Quote:

Originally Posted by Razqal

Quote:

Originally Posted by teddybear

LOL... somebody try to relate skyscraper with democracy...
Geez!

SWFC being in commieland and Taipei 101 being in the land of the free.

check the forum caption man, this is not place for political discussions

coth · #**192** Posted **Jul 19, 2004, 11:38 AM**

Quote:

Originally Posted by avcellvs

July 19th 2004. Diggers keep digging...

http://forum.cameraunion.net/upload/...1090218638.jpg

http://forum.cameraunion.net/upload/...1090218818.jpg

yeah. big hole for a two months... fast!

xiahoudun · #**193** Posted **Jul 19, 2004, 7:43 PM**

Yes, I think we shouldn't be so pessimistic about this, guys. According to the recent, regular picture-update of the SWFC site, construction activity is really taking place. This is better than anything we have seen in the past 6 years or so.

I myself have been to Shanghai 7 times in those 6 years, taking pictures again and again of an empty SWFC-plot. Nothing but grass and fence for years abandoned...

Now let's keep those pics of the digging and construction coming, and enjoy. Something is happening! Cheers

tuy · #**194** Posted **Jul 20, 2004, 2:28 AM**

As long as they keep working, there is hope. It is good to see change in the pictures. It looks as though they have set some forms at the bottom of the edge of the hole.

When they move all the construction equipment away, then we need to worry.

Beyond 1000 · #**195** Posted **Jul 20, 2004, 4:58 PM**

xiahoudan and tuy

I love your optimism.

I think I will join your optimism since the diggers are still there digging.

For the record I'm excited about the Freedom Tower, US7, and Burj Dubai. However, I'm excited about SWFC even more. This building is a long time in the making and giving up now on it doesn't make sense, especially seeing groundwork being done.

For myself, the battle of the greatest buildings will be between Burj Dubai and SWFC. I think I like them both the same.

Imagine this next to Jin Mao and walking among the two in the plaza below. What a scene.

ztopp · #**196** Posted **Jul 21, 2004, 1:29 AM**

I will put my views on this project a little bit more on the optimistic side than the pesimistic sid, seeing that foundation works seems to be active there. Anyway, this thing is surely going to be built, i mean who would be such a fool to built the foundation first and leave it there to rot, it just doesn't make sense.

dchen · #**197** Posted **Jul 21, 2004, 2:31 AM**

There is another set of photos posted on July 17 on a Chinese website. The photos are taken from Jinmao.

http://biz.icxo.com/htmlnews/2004/07/14/264063.htm

avcellvs · #**198** Posted **Jul 21, 2004, 6:32 AM**

Thanks for the link dchen. They are digging so fast that very soon we won't be able to see the bottom of the hole from the cameraunion forum pix angle.

avcellvs · #**199** Posted **Jul 25, 2004, 9:45 AM**

16 Jul 2004, from http://newpaper.asia1.com.sg/top/sto...,67908,00.html

China's efforts to check its breakneck growth may have claimed some high-profile victims in Shanghai.

Mega projects such as this are a particular target of the central government's austerity drive.

Another large project that could be in jeopardy is the on-again, off-again plan to build what has been billed as Asia's tallest building, the 492m-tall Shanghai World Financial Centre, in the Lujiazui financial district in Pudong.

Since its ground-breaking ceremony in 1997, the project has had a number of setbacks, including being shelved after the Asian financial crisis of 1997.

Construction resumed last summer but is proceeding slowly.

A staff member of the Shanghai World Financial Centre Company - the Japanese-funded outfit that is building the centre - said builders are working on foundation maintenance and insisted the building is scheduled to open in 2007.

Fabb · #**200** Posted **Jul 25, 2004, 10:18 AM**

Foundation maintenance ?
I would have prefered the word progress instead of maintenance.