[photopress:Global_Financial_Center.jpg,full,alignright]The future Global Financial Center in Shanghai, built into what will be the world’s highest skyscraper (although this may turn out to be a short-lived record), stands besides the Jinmao Building (for the moment the world’s third-highest and China’s highest building.) It is a perfect paradigm of the success of real estate in Shanghai.
Work started January 29, 2005 with an aim for completion at the end of November 2007. The 104-storey and 492-meter-high center, covering a total construction area of 377,300 square meters, will specialize mainly in commerce and trade, hotel services, sightseeing and exhibitions.
It has already eased itself up to a position which is very near the level of the nearby Jin Mao Tower, currently the tallest building in Shanghai. The new tower has risen to 72 floors, or 310 meters and the workers are moving up one floor every three days. The building will eventually soar to 101 storeys and its 492-meter height will make it the loftiest skyscraper in the city.