- Burj Dubai is expected to be an 818m (2,684ft) tall skyscraper. It is currently under construction, and as of May 12 2008, it is 636m (2,086.6 ft) tall, with 160 completed floors.
- Once completed (projected for 2009) it will be the tallest man-made structure of any kind in history. Currently, there is no man-made structure under construction that could be taller than the Burj Dubai, although there are some proposals.
- The 610m (2,001 ft), 150 floor Chicago Spire (formerly Fordham Spire) is currently under construction in Chicago. If completed, it would surpass the CN Tower as the tallest freestanding building in North America, and would be the tallest all-residential building in the world. Construction began in June 2007, and is expected to be completed in late 2010.
- The Guangzhou TV & Sightseeing Tower, being built in Guangzhou, is expected to be 610m (2,001 ft) tall. If completed (projected for 2009) it will be tallest concrete tower.
- The Jakarta Tower (Menara Jakarta) is a tower that is currently on-hold in Jakarta, Indonesia. Upon completion (projected for 2011), it will stand 558m (1,831 ft.) tall up to the antenna, thus making it the tallest concrete tower.
- Russia Tower, in Moscow, stands to be 612m (2,009 ft) high and is expected to be completed in 2012.
The key appears to be when all these towers are completed. When they open, could their respective stock markets have been badly damaged by then?
We need to closely watch the Chicago Mercantile Exchange when the Chicago Spire opens in 2010.
Will a calamity hit down south China when the Guangzhou Tower opens for business in 2009?
Going by the theory on the link between wealth destruction and skyscrapers, thankfully, works on the Jakarta Tower is currently on-hold. The timing of the completion of the Russia Tower in 2012 looks just about right for a correction judging from the current capitalism surge.
Noteworthy is that the Shanghai World Financial Centre has just been completed and will soon open in time for the Olympics. But note this – it is greeted by Chinese equity markets that have shed 50% of its value from its high!