As a result, like never before, cities are going vertical.
The concept of the ‘vertical city’ received wide attention with the construction of the Burj Khalifa in Dubai. The tallest building in the world, it was one of the first to be conceived as a mixed-use skyscraper with hotel accommodation, residential apartments and offices.
Not surprisingly, China has taken a page out of Dubai’s book as part of its rapid urban growth which saw almost 500 million people move from rural areas into cities in the last 35 years. Five of the ten tallest buildings in the world can be found in ‘megalopolises’ such as Shanghai, Guangzhou and Hong Kong.
Shenzhen’s Ping An Finance Centre is a case in point. Measuring 600 meters, it is the fourth tallest building in the world and the second tallest in China. Located in the CBD financial district of Shenzhen, it encompasses 118 floors and an area of 600,000 square meters. In addition to office space and a five-star boutique hotel, it also sports a 360-degree sightseeing floor.
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