Dubai's 828-meter Burj Khalifa has less than a year left as the world's tallest building.
China's projected 838-meter (2,749 feet) Sky City broke ground in Changsha in central China on July 20.
Astonishingly, the construction company behind it expects to top out in April 2014 -- a build time of just 10 months.
It took five years to build the Burj Khalifa.
Fast construction claims from Broad Group, the Changsha-based construction company in charge of the build, have elicited strong reactions from China's "netizens," as well as experts.
"The speed is horrifying, how can that be possible?" said one user on Weibo, China's Twitter-like service.
Another criticized the livability of the homes within, calling the project a "giant stack of trailer homes."
But the building would appear to herald a new age in Chinese construction, one in which tall, fast builds become common.
It's already difficult to keep track of China's tallest building announcements.
China's race for the sky
Other projects under construction in China include:
• Shanghai Tower, Shanghai (632 meters, completion in 2014)
• Goldin Finance 117, Tianjin (597 meters, completion in 2015)
• Ping An Finance Center, Shenzhen (660 meters, completion in 2016)
• Greenland Center, Wuhan (636 meters, completion in 2017)
• Golden Rooster Tower, Suzhou (700 meters, yet to be confirmed)
More than 10 cities in China are planning to build something taller than the 541-meter (1,775 feet) One World Trade Center, the United States' tallest building due to open early 2014 in New York City, according to the "2012 China Skyscraper Report" by Chinese architecture website motiancity.com.
The site, which defines "skyscrapers" as buildings taller than 152 meters (498 feet), also reports that China currently has 470 skyscrapers, 332 under construction and 516 planned but unconfirmed.
That means by 2022 China could have a total of 1,318 buildings higher than 152 meters, more than twice than expected in the United States.
Last year, real estate data company Emporis reported that half of the 10 tallest buildings under construction worldwide are in China.
Sky City will cost RMB 9 billion ($1.46 billion) to build.
According to Broad Group CEO Yue Zhang, the building is meant to save on energy and land.
The group says the 202-story, 1.05 million-square-meter building will keep at least 2,000 cars off of Changsha city streets by creating an environment no one needs to leave.
The tower will house more than 30,000 people alongside a shopping mall, school, hospital, office areas, roof garden, amusement park, sports facilities, organic farm and a 10-kilometer "walking street" that will run from the first to the 170th floor.
"Residents don't need to step out of the building, they can do everything within it," said Zhang.