1 - it’s not an ugly building... this small strip of Tel Aviv has been designated for skyscrapers years ago. This makes this part of the city look awesome. Compliments the adjoining "white city" perfectly making Tel Aviv one of the most beautiful and vibrant cities that mix new & beautifully restored old.
2 - Tell that to the Japanese (the most expensive property on earth, in an earthquake zone might I add) limited land means building up, I do not need to remind you that Israel is unfortunately very small.
3 - We (Jews) even if I am in SA right now, have no other home... missiles or not, Jews are the indigenous people of the land and we can and should build up. I have 4 properties in Israel and will coming home for good in 3 years.
4 - The road system in Israel is improving - surprisingly, Tel Aviv has some of the best inner city roads in the world (even though overcrowded - the situation has improved vastly from your comparison of the late 80's)... when there is a light train (which these buildings are part of that train system) this will improve even more. Do not forget the fact that this is a city - if you want to avoid traffic go live on a moshav…
5 - people will buy because like any BIG city people want to live near the "centre" of the excitement. That means you have to pay, that means price goes up, that means building rise taller then before… supply & demand as they say
6 - Building in Judea/Samaria is wrong unless we decide to annex the area. We all know Palestinians do not want peace, but building on this land until we decide on our own position is not right. I for one would like to pull all the Jews out of there (to keep them safe) build a wall and separate ourselves from the Arabs who blindly hate us so much. To me, Jewish life is more important than land.
7 - Price reflects demand, like New York, Toronto or Tokyo. They pay for position not size in all these places, Tel Aviv is not different.
I for one don’t like tall buildings - but it shows economic strength (unlike in Dubai where the building are empty) I say build baby build... to quote another talbacker.
In South Africa, the last skyscraper that was built was in the 80’s… this conveys the dangerous situation that SA is in.