Asia-Pacific has overtaken Europe to become the world’s biggest real estate investment market for the first time, thanks to largely to the booming Chinese property industry.
This rapid growth is triggering a wave of high-rise construction, with the number of super-tall 300m plus buildings tripling in less than a decade.
Half of the world’s tallest buildings were constructed in the past four years, and 90 per cent of these are in China, southeast Asia or the Middle East, insurer Allianz says. Nearly a third of the world’s tallest buildings are now in China.
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