NEW: BP Podcast 66: Flips, Apartments, & Protecting Yourself From Professional Tenants with Michael Blank

Hide this

From the BiggerPockets Blog

 BiggerPockets Blog »

Jump to Forum View All

Click a category below to view different forum categories.

BiggerPockets

General Info

BiggerPockets Q&A, Site Questions, & Announcements

1515 topics, 14405 posts — Last Post 04/19/14, 01:28PM

BiggerPockets Exclusive PRO Area

117 topics, 839 posts — Last Post 04/18/14, 05:47AM

New Member Introductions

10892 topics, 85669 posts — Last Post 04/19/14, 12:51PM

Real Estate Success Stories

396 topics, 6158 posts — Last Post 04/19/14, 08:32AM

General Real Estate

General Real Estate

Buying & Selling Real Estate

5940 topics, 46809 posts — Last Post 04/19/14, 12:15PM

Renters

643 topics, 5817 posts — Last Post 04/19/14, 09:29AM

Get Foreclosure Help - Help Stop Foreclosure Forum

316 topics, 2557 posts — Last Post 04/16/14, 03:58AM

Home Owner Association (HOA) Issues & Problems Forum

237 topics, 1609 posts — Last Post 04/17/14, 08:53AM

Do it Yourself

654 topics, 6265 posts — Last Post 04/19/14, 10:16AM

Reviews & Feedback

Real Estate Deal Analysis and Advice

3682 topics, 29513 posts — Last Post 04/19/14, 01:38PM

Real Estate Guru, Book & Course Reviews and Discussions

1133 topics, 11562 posts — Last Post 04/19/14, 12:17PM

Ask About A Real Estate Company

740 topics, 7318 posts — Last Post 04/18/14, 11:52AM

Real Estate Investing

Real Estate Strategies

Wholesaling

5603 topics, 43734 posts — Last Post 04/19/14, 12:37PM

Rehabbing and House Flipping

3334 topics, 31003 posts — Last Post 04/19/14, 01:08PM

Real Estate Development & New Home Construction

553 topics, 4684 posts — Last Post 04/19/14, 12:13PM

Innovative Strategies

703 topics, 6027 posts — Last Post 04/18/14, 08:48AM

Tax Liens, Notes, Paper, & Cash Flows Discussion

866 topics, 6678 posts — Last Post 04/19/14, 06:06AM

Rent to Own a.k.a. Lease Purchase, Lease Options

693 topics, 4891 posts — Last Post 04/19/14, 01:13PM

1031 Exchanges

143 topics, 1054 posts — Last Post 04/18/14, 08:41AM

Foreclosure Investing

General Foreclosure & Pre-Foreclosure Forums

1686 topics, 11286 posts — Last Post 04/19/14, 05:56AM

HUD, VA, and Tax Sales

414 topics, 3089 posts — Last Post 04/18/14, 12:05PM

REOs

1214 topics, 10576 posts — Last Post 04/19/14, 11:48AM

Short Sales

1534 topics, 13120 posts — Last Post 04/17/14, 04:44PM

Landlord & Tenant Forums

Landlord & Rental Property Questions

7205 topics, 70761 posts — Last Post 04/19/14, 01:31PM

Mobile Homes & Mobile Home Park Investing

638 topics, 5141 posts — Last Post 04/19/14, 09:49AM

Investor Basics

Starting Out

7704 topics, 60470 posts — Last Post 04/19/14, 01:39PM

Investor Psychology

431 topics, 6104 posts — Last Post 04/18/14, 06:08PM

General Real Estate Investing

4718 topics, 37205 posts — Last Post 04/19/14, 01:06PM

Real Estate Investor Marketing

1731 topics, 14094 posts — Last Post 04/19/14, 06:39AM

Commercial Real Estate

Commercial Real Estate Investing Forum

1410 topics, 8986 posts — Last Post 04/19/14, 01:32PM

Multi-Family and Apartment Investing

1109 topics, 9231 posts — Last Post 04/19/14, 01:20PM

The Business of Real Estate

Real Estate Technology and the Internet

Real Estate Technology, Social Media & Blogging

642 topics, 4897 posts — Last Post 04/19/14, 11:10AM

Business Basics

Goals, Business Plans & Entities

831 topics, 7562 posts — Last Post 04/18/14, 04:25PM

Real Estate Finance & Legal

Financial, Tax, and Legal

Tax, Legal Issues, Contracts, Self-Directed IRA

2786 topics, 20010 posts — Last Post 04/19/14, 11:43AM

Property Insurance

309 topics, 2045 posts — Last Post 04/17/14, 07:41PM

Personal Finance Discussion

328 topics, 2731 posts — Last Post 04/18/14, 04:33PM

Loans, Mortgages, Credit Lines

Private & Conventional Lending Discussion

2833 topics, 19699 posts — Last Post 04/19/14, 11:47AM

Creative Real Estate Financing

1209 topics, 8769 posts — Last Post 04/19/14, 06:24AM

Crowdfunding Real Estate

35 topics, 461 posts — Last Post 04/18/14, 05:17PM

Real Estate Professionals

Real Estate Professionals

Real Estate Agents

1210 topics, 7989 posts — Last Post 04/19/14, 08:04AM

Bankers, Lenders, and Mortgage Brokers

441 topics, 1922 posts — Last Post 04/18/14, 09:39AM

Contractors

268 topics, 1678 posts — Last Post 04/19/14, 03:38AM

Local Real Estate

Local Real Estate

Local Real Estate Networking & Recommendations

1989 topics, 11611 posts — Last Post 04/19/14, 12:07PM

Americans & International Real Estate

161 topics, 566 posts — Last Post 04/14/14, 11:19AM

Foreigners Buying in the USA

62 topics, 409 posts — Last Post 04/10/14, 06:27AM

Canadian Real Estate

64 topics, 428 posts — Last Post 04/18/14, 04:22AM

Marketplace

Real Estate Marketplace

Real Estate Marketplace

15016 topics, 53956 posts — Last Post 04/19/14, 11:54AM

Real Estate Events and Happenings

164 topics, 2514 posts — Last Post 04/19/14, 01:13PM

Off-Topic

Off Topic

Off-Topic

2905 topics, 32411 posts — Last Post 04/19/14, 08:03AM

Housing News & Real Estate Market

914 topics, 8351 posts — Last Post 04/17/14, 08:41AM

BiggerPockets Real Estate Investing Summit

97 topics, 1751 posts — Last Post 04/10/14, 02:27PM

BiggerPockets Resources

Forums » Commercial Real Estate Investing Forum » China to Build World's Tallest Skyscraper in 90 Days! Do You Believe it?

China to Build World's Tallest Skyscraper in 90 Days! Do You Believe it?

13 posts by 11 users

Signup

BiggerPockets Founder · Denver, Colorado


I just came across the following story on Gizmodo:
China Will Build the Tallest Building In the World in Just 90 Days

Now this building is going to be constructed of prefabricated materials, so I think the number is somewhat disingenuous, considering the time it will take to assemble these materials isn't included in the construction timeline, I believe (please correct me if I'm wrong here).

So . . . what are your thoughts?


Small_bp-squareJoshua Dorkin, BiggerPockets
E-Mail: [email protected]
Telephone: 877-831-4704
Website: http://www.biggerpockets.com
Check us out on Twitter: @BiggerPockets


Developer · Orlando, Florida


My prediction:

http://www.gizmodo.com/5304233/entire-new-13+story-building-tips-over-in-shanghai/gallery/1



Real Estate Investor · Garland, Texas


This will be absolutely stunning if they pull it off. The Chinese version of putting a man on the moon. Or Mars.

The cost is one tenth of the cost of the current highest building in Dubai, $142 PSF, vs $1420 PSF for the Burj Khalifa.

If it were built in NYC, they could probably rent it for $70+ PSF. If operating expenses are typical, I'd guess the cap rate could be above 20%. Unheard of in a new multi-tenant building.

It's China's turn at the top for a while.

Truly amazing.


Jon Klaus, SellPropertyFast
E-Mail: [email protected]
Telephone: 214-929-6545
Website: http://www.facebook.com/Buttermilks


Real Estate Investor · Michigan


It's amazing how fast stuff can be built when there are no unions involved.

Remember when that bridge in Japan was destroyed in the typhoon a few years back? They rebuilt it in five days. They are very industrius people.



Real Estate Investor · Coos Bay, Oregon


I wonder if it will be turn key in 90 days? The article doesn't really say if the interior will be finished, just that it will be assembled and standing.



Real Estate Investor · Audubon, Pennsylvania


But do you think they adhere to construction standards anything like ours here in the U.S.A.?

They (China) admit they are having problems with largest dam:
http://www.nytimes.com/2011/05/20/world/asia/20gorges.html?_r=0

And will it join this list?
http://ca.finance.yahoo.com/photos/world-s-10-ugliest-buildings-slideshow/


Steve Babiak, Redeeming Properties, LLC
Telephone: 6109082183
...


Developer · Orange County, California


They may be able to build it, but I sure wouldn't want to live in it! Even with all the walls/floors, and everything prefabricated (which would have to include all plumbing, wiring etc.) I don't know how they could dig and install the concrete and build the infrastructure, footings, etc. in 90 days that would support such a tall building. If the foundation and framework were already in process I could see it.

But, I guess if you have massive numbers of people working 24/7, I guess you could do it. Crazy!


Karen Margrave, Parlay Investments, 1st American Construction
E-Mail: [email protected]
Telephone: 949-933-3955
Website: http://www.parlayinvestments.com
PARLAY: definition: to increase or otherwise transform into something of much greater value


Real Estate Investor · Garland, Texas


But, I guess if you have massive numbers of people working 24/7, I guess you could do it. Crazy!

Like the pyramids.


Jon Klaus, SellPropertyFast
E-Mail: [email protected]
Telephone: 214-929-6545
Website: http://www.facebook.com/Buttermilks


Residential Real Estate Agent · Jacksonville, Florida


Sounds impressive. If it works, even if it is one of the ten ugliest buildings, it will revolutionize skyscraper construction. If those costs are accurate it's all the more impressive. Being able to build towers that quickly and cheaply will likely lead to a building boom. Possibly even causing rents to decrease in areas such as New York.



· Denver, Colorado


The process will never translate to construction costs in the US unless a temporary worker visa is made into law that would allow us construction companies to pay a worker 5 dollars a day for a 12 hr shift. Even if such a law was passed, I don't see the Unions in NY letting that happen.

I also believe it is disingenuous to say that the building will be done in 90 days. How long to build the prefab parts? How long to finish the interiors so that the building is functional? How long to finish the flatwork and landscaping so that the approach to the building is functional? Is construction of the foundation included in that number?

I recently turned down a project in Malaysia and even with a large population that was looking for work the Malaysian contractors imported workers from Indonesia. They worked on site barefoot and their safety goal was to limit the deaths on the site. Their temporary barracks looked like something straight out of "Hell on Wheels."

It will be an amazing feat if they pull it off and prefabrication is definitely the future of construction, but I'm definitely skeptical.



Real Estate Investor · Sparks, NV


Originally posted by Steve K:
My prediction:

http://www.gizmodo.com/5304233/entire-new-13+story-building-tips-over-in-shanghai/gallery/1

The building next door to the one that fell over looks identical. I bet it's cheap right now.



· East, Texas


Here is the biggest problem as I see it with a 90 day construction time. They will never have time to properly inspect every aspect of the structure. It will go up too fast to do that. This could never happen this fast here unless the inspectors were under the builders thumb or in his pocketbook. Here almost every bolt has to be inspected. I don't see that happening here with 5 floors being built a day. I know here the elevator guys cant even do an elevator that fast. And this one has 104 of them at high speeds.

But they will do it I am sure in 90 days anyway. The funny thing is that this was devised by an AC and heat company. I foresee a LOOOONNNNGGGG punch list on this one.



Real Estate Investor · Audubon, Pennsylvania


And China also produced this doozy:

http://xfinity.comcast.net/video/Raw-Chinese-Highway-Built-Around-Home/9754179893/Comcast/TopVideos/

Seriously!?!


Steve Babiak, Redeeming Properties, LLC
Telephone: 6109082183
...




Sign up