The 10 Cities Leading Skyscraper Construction

while numerous factors determine the economic standing of a city one of the most visual indicators of growth is the number of skyscrapers under construction demanding significant effort and investment in order to become reality skyscraper construction is often linked to a city's economic cycles so where are the current areas of growth what is driving the skyscraper booms in these cities and what does this say about the broader state of the global economy here we journey around the world and look at the ten cities currently constructing the most skyscrapers [Music] before we begin it is important to explain that the council on tall buildings and urban habitats or CTB u-h define a skyscraper as a free-standing structure exceeding 150 meters in height and with at least 50% of its height consisting of habitable floors super tall skyscrapers exceed 300 meters in height and those in the rare mega tall classification stand over 600 meters high we have used CTB youh data on the number of skyscrapers currently under construction in the world cities to form our journey in some cases where multiple cities are constructing exactly the same number of skyscrapers we've separated them based on the number of super tall skyscrapers that are progressing on site [Music] we begin our journey in chongqing china a city with 24 skyscrapers currently under construction as one of only four cities in china directly under the control of the central government Chongqing's growth has been accelerated as part of the country's Western development strategy which sought to improve poorer western regions the city's rapid urbanization since the turn of the century has seen the rise of a large number of multi tower complexes the largest of these being the recently topped out eight tower raffles city complex it is due for completion and later in 2019 with 25 skyscrapers currently under construction more than all other Australian cities combined the skyline of Melbourne is said to dramatically change in the years ahead while the central business district had long been the domain of commercial towers urban regeneration since the 2000s has seen a growing trend for inner-city high-rise living combined with more relaxed planning regulations than other cities Melbourne has seen a surge in the number of skyscrapers rising across his skyline driven by a growing population and increased economic growth the current boom also includes the construction of Melbourne's first super tall tower the 317 meter australia 108 and some of the boldest examples of skyscraper architecture the country has witnessed to date [Music] also with 25 skyscrapers under construction but with a greater number of super tall towers on sites Guang Zhao narrowly edges ahead of Melbourne lying at the heart of China's largest urban area the Pearl River Delta the city is one of the country's leading commercial and manufacturing hubs the current skyscraper boom is driven largely by residential towers as significant numbers of China's rural population begin to move into urban areas [Music] while the heights of the skyscrapers currently under construction in Toronto are notably more modest than those found in other cities on our journey with most schemes predominantly under 200 meters in height the 27 towers under construction are testament to the growing demand for apartment living that has taken hold in the city widely recognized as the political economic financial and cultural focus of central China Wuhan has been a significant benefactor from the municipal governments favorable economic policies for foreign investment consisting of tax incentives reduced rate loans and government subsidies Wuhan has seen vast amounts of foreign investment flow into the city particularly from the French with over a third of French investment into China going directly into Han now in response to its economic success twenty-nine skyscraper projects are under construction with a long industrial history China's Shen yang is now diversifying its economy to include services leading to numerous new skyscrapers being built to accommodate a growing banking and financial sector with 35 skyscrapers currently under construction the city's meteoric rise is exemplified in projects like the Shen Ling finance Plaza which consists of three commercial towers and twelve residential towers within a single scheme and in the average age of a skyscraper in the city which is just five years leading the world in skyscraper construction for most of the 20th century New York City has fallen behind emerging markets in Asia and the Middle East in recent years despite this 35 commercial and luxury residential skyscrapers are currently under construction across the city while New York has built ten skyscrapers exceeding 300 meters in height to date the skyline is said to be dramatically redefined in the years ahead with eleven super tall skyscrapers currently under construction [Music] though Mumbai has long been a magnet for foreign investment its growth is now being further fueled by large portions of India's rural population moving into the city and many of the schemes currently underway consist of multi tower residential projects like the park and sky city developments with 44 skyscrapers completed in the city to date Mumbai is set to more than double that number as the 49 skyscrapers currently under construction complete over the coming years with the city expected to become the largest in the world by 2050 it is likely that Mumbai will remain a leader in skyscraper development in the decades ahead China's Shenzhen just misses out on the top spot with 50 skyscrapers currently under construction but with fewer super tools and development than our leading city following its establishment as one of China's special economic zones in 1980 Shenzhen has grown at an insatiable rate becoming a global technology and economic hub as part of the vast urban area around the Pearl River Delta Shenzhen has become home to numerous multinational corporations as well as the Shenzhen Stock Exchange leading to large amounts of foreign investment and the near continual construction of commercial and residential skyscrapers with 50 skyscrapers including 13 super tools under construction Dubai is currently building more towers than any other city on our planet however with over a third of these schemes set to complete in the next 12 months and with a slowdown in the growth of the Emirates residential market Dubai could fall behind other cities in the years ahead despite this with Saudi Arabia's Jeddah tower delayed the city looks set to hold on to the title of the world's tallest building in the form of the Burj Khalifa and construction is currently underway on the tallest structure ever built by mankind the 1.3 kilometer tall Dubai Creek Tower if you enjoyed this video and would like to get more from the definitive video channel for construction subscribe to the b1m you

Channel: The B1M

Views: 830,553

Rating: 4.8830471 out of 5

Keywords: BIM, B1M, TheB1M, Construction, architecture, engineering, THE B1M, fred mills, cities, skyscrapers, economy, china, usa, Chongqing, Melbourne, wuhan, toronto, new york city, shenyang, shenzhen, mumbai, dubai, guangzhou, billionaires row, building, urban development, CTBUH

Id: sbZ_69Jrqbs

Length: 9min 28sec (568 seconds)

Published: Wed May 01 2019

Reddit Comments

[u/disrupt3r]

It's strange to think Eureka tower won't be the tallest building anymore