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The world’s third-tallest tower breaks ground in Wuhan

Kanchana Paha Property Report
The world’s third-tallest tower breaks ground in Wuhan - developer - Shanghai - commercial property

The construction of the world’s third-tallest building in China’s Wuhan has begun. The developer Shanghai Greenland Group will invest CNY30 billion (US$4.5 billion) to develop the project, which is scheduled for completion by 2015.

According to the company’s chairman and president Zhang Yuliang, it will build the 606-metre Wuhan Greenland Centre in the central Chinese city. The property will cover an area of three million sqm, consisting of luxury hotels, residential units, and a conference centre.

Yuliang said: “Wuhan is a very important city in central China. It’s transiting from a regional centre to an international city. It has a huge market potential and it’s necessary to construct a landmark building here.”

As reported on Bloomberg News’s website, Wuhan was ranked by ECA International this month as Asia’s 25th most expensive city for expatriates, beating other locations including  Mumbai and Kuala Lumpur.

Located 900 kilometers west of Shanghai, the new building in Wuhan will be higher than the tallest tower in China ‘World Financial Centre’ in Shanghai, which stands 492 metres high, while the Burj Khalifa in Dubai is the world’s tallest building, standing at 828 metres.


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