Core Viewpoint - The construction of the "Tianjin 117 Tower," China's tallest under-construction building, is set to resume on April 30, 2023, with an expected completion date in 2027 [1] Group 1: Project Details - The remaining construction of the Tianjin High-tech Zone Software and Service Outsourcing Base Central Business District Phase I (117 office building and commercial podium) will resume on April 30, 2023 [1] - The construction unit is GaoYin Real Estate (Tianjin) Co., Ltd., with a construction period from April 30, 2025, to April 30, 2027 [1] - The contract price for the project is 568.74813 million yuan, and the total area is 418,020 square meters [1] Group 2: Building Specifications - The Tianjin 117 Tower, also known as GaoYin Financial 117 Tower, is expected to reach a structural height of 596.5 meters, making it the second tallest building in the world after the Burj Khalifa [1] - The total investment for the project is estimated at 18 billion yuan [1]

Core Viewpoint - The Tianjin 117 Tower, known as China's tallest unfinished building, is set to resume construction with a new permit, aiming to restart work on April 30, 2025, and complete by April 30, 2027 [2][4]. Group 1: Project Details - The project is officially named Tianjin High-tech Zone Software and Service Outsourcing Base Comprehensive Supporting Area Central Business District Phase I, which includes the 117 office building and commercial podium [2]. - The total contract price for the remaining construction is approximately 568.75 million yuan, covering a total area of 418,020 square meters [2]. - The main construction unit is China State Construction Engineering Corporation, with design and supervision handled by reputable firms [2]. Group 2: Background and History - The 117 Tower project began in 2007, with an initial investment estimate of 90 to 100 billion yuan, aiming for completion in 2017 [7]. - The construction faced significant delays, with the main tower's structure completed in 2015, but subsequent work stalled due to financial issues [9][10]. - As of March 2023, the average price for second-hand properties in the surrounding area has dropped to 24,600 yuan per square meter, indicating a significant decline in property values [12]. Group 3: Legal and Financial Context - The project has been under scrutiny due to the bankruptcy proceedings of the developer, Gao Yin Real Estate (Tianjin) Co., Ltd., which were initiated in January 2025 [5][6]. - The local government has expressed commitment to facilitating the project's revival through legal and market-based solutions [6].

Core Viewpoint - The Tianjin 117 Tower has received a new construction permit and is set to resume work on April 30, 2023, after multiple delays due to funding issues [1][5]. Group 1: Project Details - The project is officially named Tianjin High-tech Zone Software and Service Outsourcing Base Comprehensive Supporting Area Central Business District Phase I (117 Office Building and Commercial Podium) [1]. - The construction period is scheduled from April 30, 2023, to April 30, 2025, with a contract price of approximately 568.75 million yuan [1]. - The total area of the project is 418,020 square meters, including the main tower and commercial podiums [1][3]. Group 2: Historical Context - The Tianjin 117 Tower began construction on September 10, 2008, with the underground portion completed in four years [3]. - The main tower construction started in 2012 and took three years to complete, with structural topping achieved on September 8, 2015 [3]. - The project faced significant delays due to financial issues, with a lawsuit filed in 2020 for unpaid loans amounting to 1.5 billion yuan [4][5]. Group 3: Future Prospects - The initial plan for the 117 Tower included a total construction area of approximately 2 million square meters, with an estimated total investment of 9 to 10 billion USD (approximately 623 to 692 billion yuan) [5]. - The project is expected to feature three main areas: the 117 Tower Central Business District, the Fuguo Gaoyin Luxury Residential Area, and the Tianjin Aoyuan International Golf Club [5].

Core Viewpoint - The news regarding "Xinda Real Estate establishing a 30 billion yuan fund to take over Tianjin 117 Building" is identified as a false report generated by AI, highlighting the need for improved information discernment [1][2]. Group 1: Background of Tianjin 117 Building - The Tianjin 117 Building project, originally initiated by Gaoyin Real Estate in 2007, was expected to be completed in phases by 2017 with a total investment of approximately 90 to 100 billion USD (623 to 692 billion yuan) [4]. - The construction of the building began in 2008, with the main tower structure completed by September 2015, making it the tallest building in Northern China at 416.91 meters [4][5]. Group 2: Current Status and Rumors - Multiple rumors about the resumption of construction at Tianjin 117 Building have circulated throughout the year, primarily stemming from announcements by the Tianjin Second Intermediate People's Court regarding the bankruptcy proceedings of Gaoyin Real Estate [2][3]. - Despite the ongoing discussions and inquiries about the building's status, there has been no official confirmation regarding its resumption of work, and local residents have expressed skepticism about the progress [1][2][3]. Group 3: Market Impact - The real estate market surrounding the Tianjin 117 Building has seen significant changes, with the average listing price for properties in the nearby Fuguo Gaoyin area dropping to 24,600 yuan per square meter, down from 40,000 yuan per square meter five years ago [7].