The building will house the headquarters of Shenzhen-based financial conglomerate Ping An Insurance and will cost an estimated RMB10 billion (US$1.46 billion) to RMB15 billion.
No one is talking about the final height. This is skyscraperism and is a game oft played by developers who will bung on a few extra floors to keep the tallest title. Previous media reports said Ping An planned to build a 646-meter, 115-floor office tower, which will be taller than the 492-meter Shanghai World Financial Center, the tallest building on the mainland. It could be taller than the 632-meter Shanghai Tower, which will also be completed in 2014.
Shenzhen is developing the Futian CBD into a financial center, dubbing it Shenzhen’s Wall Street, according to a government plan.
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