Bank of China Tower, Hong Kong

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The Bank of China Tower (abbreviated BOC Tower) is one of the most recognisable skyscrapers in Central, Hong Kong. It houses the headquarters for the Bank of China (Hong Kong) Limited. The building is located at 1 Garden Road, in Central and Western District on Hong Kong Island.[3]

Designed by I. M. Pei, the building is 315 m (1,033.5 ft) high with two masts reaching 367.4 m (1,205.4 ft) high. It was the tallest building in Hong Kong and Asia from 1989 to 1992, and it was the first building outside the United States to break the 305 m (1,000 ft) mark. It is now the fourth tallest skyscraper in Hong Kong, after International Commerce Centre, Two International Finance Centre and Central Plaza.

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Plot history

The 6,700m² site on which the building is constructed was formerly the location of Murray House. After its brick-by-brick relocation to Stanley, the site was sold by the Government for "only HK$1 billion" in August 1982 amidst growing concern over the future of Hong Kong in the run-up to the transfer of sovereignty.

Once developed, gross floor area was expected to be 100,000 m².[4] The original project was intended for completion on the auspicious date of 8 August 1988. However, owing to project delays, groundbreaking took place in March 1985, almost two years late. It was topped out in 1989, and occupied on June 15, 1990.

The building was initially built by the Hong Kong Branch of the Bank of China; its Garden Road entrance continues to display the name "Bank of China", rather than BOCHK. The top four and the bottom 19 stories are used by the Bank, while the other floors are leased out. Ownership has since been transferred to BOCHK, although the Bank of China has leased back several floors for use by its own operations in Hong Kong.[citation needed]

Favouritism controversy

The Government had apparently given preferential treatment to Chinese companies, and was again criticised for the apparent preferential treatment to the BOCHK.[4]

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