Yongsan Landmark: World's Most Expensive Building at US $3.45 Billion


Construction has begun on the Yongsan Landmark Tower in Yongshan, South Korea, which when completed is expected to be the most expensive building in the world, standing 100 stories tall and rising half a kilometer into the sky. 

Located in the CBD of Yongsan, the commercial tower will not quite measure up to the Burj Khalifa in Dubai (162 stories, 828 m) or the Lotte Super Tower being built in Jamsil (123 stories, 555 m), but it will be the most expensive building per square unit. 

At present, each 3.3 sq.m costs around W12.1 million. The total construction cost is W1.4 trillion and the entire price tag for the building, including the land it occupies, stands at more than W4 trillion. Future design alterations could bump the price tag up further. 

Designed by star architect Renzo Piano, who created the Pompidou Center in Paris and London Bridge Tower, the Yongshan Landmark Tower has been contracted to Samsung Corporation, who also served as the main contractor on the Burj Khalifa and Taipei 101.


The futuristic monolith will boast cutting-edge tech and materials, such as the fastest elevators in the world that will zip up and down at 800 meters per second. In order to withstand the weight of the tower's 100 stories, ultra-high intensity concrete will be used to build the skyscraper.

The tower is scheduled to be completed by the end of 2016.




Via [Business Insider]

Copyright © www.luxury-insider.com
Luxury-insider.com is part of the SPH Magazines Luxury Network