China’s long-delayed Goldin Finance 117 skyscraper in Tianjin is nearing completion after nearly a decade of dormancy. Workers began installing a diamond-shaped crown on the 596-metre tower late last month, marking a key milestone since construction resumed last April. The state-backed revival aims to stabilise the fragile property market.
Goldin Finance 117 in the northern port city of Tianjin has been closely watched since construction began 18 years ago. Once dubbed the world’s tallest abandoned skyscraper, it became a symbol of China’s property market collapse and the nation’s retreat from supertall building pursuits.
Late last month, workers began installing a 7.6-tonne diamond-shaped steel crown on the 596-metre (1,955 feet) tower, according to Xinhua. The hoisting marks a notable milestone since construction resumed last April through a government-led restructuring and takeover by state-backed investors.
The project is now positioned as a major effort to stabilise the property market and rebuild confidence. Leasing for the main tower has been largely completed, with 17 companies committing space, including seven state-owned enterprises and 10 private firms, state media reports.
The building’s revival comes even as China’s property sector struggles for a sustained recovery.