The Skyscraper Index continues to show an unhealthy correlation between construction of the next world’s tallest building and an impending financial crisis: New York 1930; Chicago 1974; Kuala Lumpur 1997 and Dubai 2010.
Yet often the world’s tallest buildings are simply the edifice of a broader skyscraper building boom, reflecting a widespread misallocation of capital and an impending economic correction.
Investors should therefore pay particular attention to China - today’s biggest bubble builder with 53% of all the world’s skyscrapers under construction – and India – which with just two completed skyscrapers, now has 14 skyscrapers under construction.
See the full analysis here.
Yet often the world’s tallest buildings are simply the edifice of a broader skyscraper building boom, reflecting a widespread misallocation of capital and an impending economic correction.
Investors should therefore pay particular attention to China - today’s biggest bubble builder with 53% of all the world’s skyscrapers under construction – and India – which with just two completed skyscrapers, now has 14 skyscrapers under construction.
See the full analysis here.
