Why is the tallest abandoned building in China (6 photos)

On the outskirts of Tianjin, the seventh largest city in China, stands the unfinished skyscraper Goldin Finance 117. It is almost 600 meters high!





It was started in 2008 and abandoned two years later. Can you guess why? It coincides with the recession in China. Have you seen all those ghost towns with three residents and huge empty avenues?

The high-rise was very promising, they tried to restart its construction a little later in 2011, but again there was not enough funding, they built Goldin Finance 117 at the peak of the construction "bubble".



All sorts of jumpers sometimes climb it, because who will guard it?

Back then, in 2015, this high-rise was even considered the fifth tallest in the world. But by the time it was considered officially abandoned, competitors had already been built for it.

And it would sound cool - the fifth tallest building in the world is abandoned. And now it's simply the tallest abandoned building in the world.

According to the project, Goldin Finance 117 was supposed to have 128 floors above ground, almost all of which were allocated for a hotel, boutiques and retail companies. And 11 floors were allocated for administration and mechanical maintenance. Plus four more underground floors for parking and various operational installations.





The project calls for a diamond-shaped dome on top of the high-rise

In fact, it was supposed to compete with the Burj Khalifa in terms of the highest RESIDENTIAL floor, because not all high-rises have upper floors suitable for habitation.

What happened to the daring high-rise

In addition to the crisis, they say that the project was controversial from the very beginning. The high-rise was built by a very large Chinese construction company, Goldin Group, but it did not have support from the Chinese government.



A view of a half-abandoned city at sunset, a terrible beauty

Because everything was built with the company's funds, which is quite risky. The company did not want to share the profits, it was going to get the maximum profit from a fashionable high-rise. Simply put - it made a bet and lost.

The financial crisis of 2008 did its dirty work. Two years of construction and everything is abandoned. Goldin Group only recovered in 2011, when the Chinese stock market bubble burst, and there were no sufficient reserves.



Even without this tower, there are still enough monuments to the crisis...

And thirdly, the Chinese elite does not particularly like Tianjin, even though it is a very large city. That is, the rich did not fight for the right to buy places and areas there, so the project did not attract enough investment.

It so happened that China had the most daring builders (they did such great city plans with castles!) and their daring was compounded by two crises that curtailed their ambitions. Pride came up against harsh reality - twice.



And the saddest thing is the abandoned amusement parks

For now, the Goldin Finance skyscraper will stand as a monument to all those ghost towns in China, a reminder of the risks for builders and the instability of the seemingly arrived prosperity.

Since then, China has issued a decree to reduce the number of skyscrapers under construction.