Tall Buildings Completions in 2012 Decreased

The Council on Tall Buildings and Urban Habitat reported that tall buildings completions in 2012 decreased. Only 66 buildings were completed in 2012 compared to 82 in 2011.

The Middle East and China dominated the 2012 tall buildings list with the Middle East completing 16 buildings and Asia completing 25 buildings, 22 of them in China alone.

Dubai secured the top two spots with the 393-metre 23 Marina building surpassed only by the 413-metre Princess Tower. North America completed six buildings, only two of which were in the United States, a figure that is fairly low for a country with so many cities. Australia completed three tall buildings, marking the country's first additions to its roster of tall buildings since 2007.

Countries such as China and Australia are experiencing a rapid rise in urbanisation from their rural areas with a high demand for livable and sustainable high-rise homes. Along with urbanisation, other factors directing this increase include the limited availability of urban land forcing developers to build vertically.

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