Property News · December 10, 2019

China’s skyscraper developers have to pay for their vanity as the frenzy to scale new heights lead to record-breaking vacancies


China’s skyscrapers are making headlines for snaring annual global awards during the nation’s economic boom. As the nation’s economic growth cools and vacancy rate soars, owners are starting to pay the price for their building frenzy and vanity.Nine super structures in the mainland were recognised among the best tall buildings by the Council on Tall Buildings and Urban Habitat, adding to the seven awards won last year. The Chicago-based council, which announced the results last week, will hand…

Source : South China Morning Post
Read more…China’s skyscraper developers have to pay for their vanity as the frenzy to scale new heights lead to record-breaking vacancies

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