Only half of the floor space in New World Development Co's World Finance Tower in Lujiazui's central financial centre in Pudong will be available for sale.
Antony Chiu, deputy general manager of New World's joint-venture company in Shanghai, Shanghai New World Construction Development Co, said the remaining floor space would be used by a mainland bank as its headquarters.
The bank will occupy the first 20 floors of the 43-storey office tower.
Shanghai New World is a joint venture with the Construction Bank of China, which holds a 55 per cent stake.
Mr Chiu said the building would be ready for occupation next June and sales would start when the development neared completion.
Although the sale price has not been fixed, it was believed it would be not less than US$213.67 per square foot.
Investment for the project totals US$100 million and when completed the building will have a floor area of 731,952 sq ft, excluding three basement levels.