On May 27th at about 6 pm, the 356-meter-high Shenzhen SEG Plaza shook
violently yet again, marking the fifth time since May 18th that the
building has shook. The magnitude of the shaking was larger this time
and clearly visible to the naked eye, gathering a large crowd of onlookers.

On that day, people saw that cranes were installed on the top of SEG
Plaza, and a lot of materials were piled up on the ground, which looked
like they were going to be lifted onto the building. In addition, there
were two people on the antenna of the building, although it’s not sure
whether they were performing maintenance or monitoring.

The night of the 27th, monitoring personnel worked throughout the night,
and even the owners of SEG Plaza were asked to go upstairs and cooperate.

A netizen posted a video showing workers breaking open the interior
walls to inspect the welds on the 28th. Monitoring activities continued
on the 29th.

Official report said that on May 29th, the three indicators of building
settlement, tilt rate and acceleration were all above the standard code
requirements. Currently, monitoring, testing and investigation work are
still ongoing. Since the initial shaking of SEG Plaza on May 18th,
whenever the official daily report of the three indicators were
released, it always says they’re doing better than standard code
requirements. The public began to question whether the officials were
purposely hiding the truth.

Currently, SEG Plaza is still closed. Merchants have closed for
business, and police tape has been put up all around the building.

In the current debate on the cause and response of SEG Plaza’s shaking
incident, the price of the SEG Plaza’s office space has dropped
significantly.

The closure of SEG Plaza has triggered anxiety among the building
owners, merchants, tenants, and even the people working in the building
next door, since they are worried about the possibility of the 300m
giant falling on top of them.

With the fermentation of SEG Plaza’s shaking incident, some people have
started to re-consider China’s tendency to construct super-tall
skyscrapers.

Industry insiders have concluded that high-rise buildings are a waste of
social resources.

So why are so many high-rise buildings constructed in China? The driving
force behind it is precisely the Chinese government.

SEG Plaza is a microcosm of China's real estate industry. Then, is the
shaking of SEG Plaza a sign of the dangers to come for China's real
estate industry?

<https://www.youtube.com/watch?v=4HbPq5QNJK4>
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-alien-
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