Singapore is a highly urbanised country with over 10,000 completed high-rises, the majority of which are located in the Downtown Core, its central business district (CBD). In the CBD, there are over 100 skyscrapers. The Guoco Tower currently holds the title of the tallest building in Singapore. It stands at 290 m (950 ft), exempted from the height restriction of 280 m (920 ft) in the CBD. A supertall tower, the Skywaters Residences is being built at the current AXA Tower site. Standing at 305 m (1,001 ft), it is expected to be completed by 2028.