Updated
Updated · Iraqi News · Jul 15
Tianjin's 595.5-Meter Goldin Finance 117 Resumes Construction, Targeting 2027 Completion After Bankruptcy
Updated
Updated · Iraqi News · Jul 15

Tianjin's 595.5-Meter Goldin Finance 117 Resumes Construction, Targeting 2027 Completion After Bankruptcy

1 articles · Updated · Iraqi News · Jul 15

Summary

  • Construction on Tianjin's 595.5-meter Goldin Finance 117 restarted in April 2025 after years of suspension, with local media now saying the long-stalled tower could be finished in the first half of 2027.
  • The revival followed the developer's bankruptcy liquidation and court disposal of the project's land-use rights and unfinished assets, clearing the way for work to resume on the skyscraper halted after Goldin Properties' financial troubles.
  • Workers have been installing the tower's diamond-shaped crown, and Xinhua said leasing is largely complete, with 7 state-owned enterprises and 10 private firms set to buy space and move in.
  • The building, unfinished 18 years after work began in 2008, has become a symbol of China's property slump, which has left high-rises and housing projects stranded across many cities.
  • That broader downturn is still deepening: real-estate development investment fell 18% year on year in January-June, while China's economy grew 4.3% in the second quarter, its weakest pace in more than three years.

Insights

As China revives its tallest ghost tower, is it just swapping a property bubble for a high-tech one?
With property wealth gone, can Beijing's new economic plan succeed without buy-in from its own consumers?