Summary: Project Songlap- Developer tapau-ed since 2014.

https://china-underground.com/2017/03/21/xi...n-shijiazhuang/

This one double the size of Midvalley and KLCC.

Meawhile Malaysian own version; Plaza Rakyat; since TWO DECADE ago.



Do you really need such project at these SCALE?

This post has been edited by Syie9^_^: Jan 13 2020, 01:23 PM

Plaza Rakyat?

Another super tall skyscraper?

so did the tuber said; the amount of wasted space; and resources..really

Not necessary.

That is only applicable in Year 1970s.

so is this.



Bought Price: US250 Mil.
Sold to Genting : US126 Mil.

Loss : US124 Mil.

Anyway; who want to lease; its here.

https://www.yachtcharterfleet.com/luxury-ch...tranquility.htm

this one structurally still good; concrete structure better rendered than Marehsia work done.

that why you see up for "chart"

Its going to be long while for it be earn+ maintenance fee.

wait next thread.

please share share

But seriously; much of such building are hazardous and a waste of materials.

the amount of sand; concrete,water etc

Local council should call for demolish it before it become real eyesore and liabilities for infestation places.

Demolition is big big business in Malaysia.

We need this industry.

that is why govt should in fact ask for feasibility costing insurance as part of it.

eg:

like A company so ego to proceed at height of development with leverage at 90% project

then suddenly market turn south whole country;

left with alot unsold "within"

call for govt bail bail. Govt said no; ask bank bail; rakyat feedback; siao ah buy 1 pigeon hole in this (X) project.

after so many auction; still not sold. How?

wait market pick up? will take decades like Japanification

Story said: Developer songlap; and then asian financial crisis then it is what it is till now.

Last heard; they want tot erect tallest skyscraper again