By Property Report
The number of skyscrapers with heights of at least 200 metres tall is set to increase by 60 percent this year, the Nikkei Asian Review reported, citing recent data from the Council on Tall Buildings and Urban Habitat (CTUBH).
About 230 towers at such elevations are slated to finish construction in 2018, marking the sixth year running of increases in supertall construction worldwide.
China alone will account for 130 supertall buildings to be completed this year, up 70 percent from 2017. Led by the 528-metre tall China Zun office project in Beijing, buildings in the mainland will contribute to 60 percent of supertall completions this year.
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The new additions will bring the count of ultra high-rise buildings in the world to more than 1,500 at the end of the year. This figure is thrice the number of completions in 2008 at the height of the global recession, the Review noted.
Non-China countries are expected to account for almost 40 ultra high-rise buildings due for completion in Asia this year. Around 30 skyscrapers are slated to be finished in the Middle East alone.
The stalled Jeddah Tower project in Saudi Arabia has resumed construction, executives with developer Jeddah Economic Company confirmed to reporters earlier this year. The USD1.5 billion development will rise 1,000 metres high, breaking the current height record held by the Burj Khalifa in Dubai.
Kuala Lumpur, Taipei and Bangkok also have supertall projects on track for completion in 2018. Targeting an opening this year is The Exchange 106 in the new International Financial District in Kuala Lumpur. Rising 492.3 metres and 106 floors high, it will be the tallest building in Southeast Asia.
The city previously held the global height record for the Petronas Towers.
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