Work on the building was interrupted by financial shocks. (Image: Getty)
A humongous 1,957-feet-tall skycraper is thought to be the tallest abandoned building in the world.
Construction began on Goldin Finance 117, in the business district of Tianjin in the country’s northeast, in 2008, with a plan to offer business space and luxury properties for the country’s super rich.
The megastructure has 128 stories above ground, of which 117 were originally going to be used for housing and a hotel.
Hong Kong-born billionaire Pat Sutong, the visionary behind project believed Tianjin in Northern could be turned into an upscale residential and business district, of which the tower would be a striking centre-piece.
But financial factors meant his ambitions for the building would never be realised.
:
Goldin-Finance-117 (Image: Getty)
Goldin-Finance-117 (Image: Getty)
Work on the project was first suspended in early 2010 amid the fallout of a global recession.
Construction resumed the following year, but after the stock market bubble burst, the building’s owner Goldin Group reportedly no longer had the resources to complete it.
The company reportedly didn’t have the backing of government for the project, meaning it had to source financing on its own, as per .
In 2015, the project was dropped indefinitely, with the building being ceritified as he tallest unoccupied building by in September that year.
[REPORT]
Goldin Finance 117 (Image: Getty)
According to , the budget for the building was $820m dollars (£654m) which rose to $1.2bn (£957m) once the shopping centre at is base was included.
Goldin Finance 117 and other failed building projects are thought to have contributed to the state’s banning of the construction of buildings over 1,640 feet.
Had construction been completed, the skyscraper would have boasted the world’s highest observation deck, as well as a restaurant and sky bar offering astonishing views.
Attempts have been made to revive the project but these have proven unsucessful, with the unfinished floors still visible today.
Today the tower has now become as the “world’s tallest ghostscraper”.