You are here

Overseas developers drive residential skyscraper boom in Melbourne

23 buildings taller than 200 metres are being planned or built to meet the demand for centrally-located homes, but some analysts are concerned about oversupply

Australia 108 in Melbourne's centre, being developed by Aspial, will be the first 100-plus-storey building in the southern hemisphere. The tower, at 319 metres, will include 1,105 units.


AUSTRALIA'S second-largest city is seeing its skyline being transformed at the fastest pace ever by Asian developers building residential towers. Now there are concerns too many are going up.

Companies including Hong Kong-based Far East Consortium International Ltd, Beijing-