US$3.8 billion megaproject nears completion

The eighth and final skyscraper of the US$3.8 billion Raffles City Chongqing megaproject has been completed by developer CapitaLand.

This follows the structural completion of the development’s 250m high skybridge, The Crystal, which is said to be the world’s highest skybridge. It links six of Raffles City Chongqing’s eight skyscrapers.

The 1.1 million m² project, which has been under construction for six years, is due to open for business later this year.

Raffles City Chongqing comprises eight skyscrapers, two of which are 350m high and one of which is China’s tallest residential tower.

Mr Lucas Loh, president, China & Investment Management, at CapitaLand Group, said, “Conceived as a landmark urban renewal project to power generations of economic growth, the megastructure is on track to set sail with Chongqing’s global city ambitions.”

Chongqing, in the southwest of China, was described in a report by the Economist Intelligence Unit as one of China’s 13 emerging megalopolises. It is estimated that over 30 million people live in Chongqing.