when Eiffel Tower was built, Parisians were joking that best view of Paris is from the tower... because it is the only place where you can't see the tower.
Yeah, I was there in 2015 and it stood out like the eye of mordor. I came back in 2019 expecting it to be finished... and there it was in all its unfinished glory.
I'm from Tianjin, and the 117 isn't the only failed real estate project, there's an entire ghost town at an area known as 于家堡 or 响螺湾. With the giant unfinished buildings all around, I feel like I was inside the world of TLOU.
@@sunfl0wer_988 Hobos don't live in ghost towns, there's no garbage or people to beg from. They'd have a place for shelter but they would starve in some of these places with literally no one for hundreds of miles in an urban space.
When the building was start to built, Tianjin was one of the richest cities in China and a prosperous industrial center. At that time, Tianjin was considered to be the fifth first tier city in China, which is why many real estate developers chose to invest in Tianjin and the building was built. However, since 2014-2015, the industrial development here has slowed down and the population and economy have shown negative growth, Now Tianjin even ranks low in second tier cities.
Summing up: They bet their money by building a supertall skyscraper and residential area aimed for the super rich near a second rate industrial city, during the global financial crisis.
@@kb9880 The economy of Tianjing actually decline. The gdp growth rate of Tianjing is almost the lowest in China. Net population inflows are also negative. But Tianjing is still the scond largest city in North of China.
@@fiendish9474 The *mid-late* *2000’s* were a *VERY* dark *”era”* in general… *Not* *sure,* why *people* *think* *revisting* *2004-2008* is a good idea.. 🤔
I traveled to Tianjin often for work from 2012-17. Initially, seeing it from central Tianjin, i thought it was just another skyscraper. I eventually visited the area of western TJ where the project is located. Only then was I able to appreciate the stunning height of this building & wondered how such a massive project would fare in a 2nd tier city.
that’s literally what North Korea did with that dumbass hotel in Pyongyang ☠️it was an eyesore so they completed the outside of the building with glass and left the inside empty
@@MABfan11 Why should state pick up the losses resulting from the company's wrong decision. If the company make a profit, the company will take it all.
The Empire State Building went through a similar ordeal. Was built during The Great Depression in a location unideal for office buildings at the time, was built at it's height mainly to get the world record height, and cost $40 mil, but only made $1 mil the first year. Most floors were empty and employees in lower offices would turn on lights to make it look like the building wasn't a loss to the eyes of the public.
Habitable height should be all that counts towards records, spikes on top of buildings are the equivelent of a kid putting their hand in the air and saying that's how tall they are
Not shade exactly, just a different magnitude of scale in China. To qualify as a 2nd tier city in China it needs a population of 3 to 15 million & a GDP of US$70 to 300 billion.
The exterior cladding of the building should be completed so that the interior structure is protected from the elements,, you don't want the skyscraper falling down because its rebar corroded away.
I agree. I don't understand why projects like these that even if they don't have the funds to finish things, why they wouldn't get enough money together to at least finish the outside and keep the interior protected so that perhaps someone else down the road can take over a decent condition building.
That atrium at the top, a diamond in the sky. What better symbol of a property meant to appeal to the super rich. But overall, it was an interesting design.
A structure that tall feels like it would be a safety hazard if left uncompleted. Even with the solid core making it unlikely to collapse, just imagine window panes getting blown out from uncompleted floors and raining down on inhabitants below during a terrible storm.
You make a valid point. A number of safety issues happen when mechanical equipment like those cranes on top not get used...rust sets up and eats away at cables, metal. And the final roof not being finished has to be an issue just like any house being built needs it's roof completed.
The reason it has never been finished is simple. In it's current state of construction it is in perfect aesthetic balance with the rest of Tianjin. Have you been to Tianjin. I lived there for a year. It is a shithole.
@Sherri T[A]P Me!! To Have [S]EX With Me It 's not a second rate industrial city. It's the bedroom of Beijing. It also happens to be a shithole. Maybe one day they will stop burning coal in the northeast (of china) and it will be a nicer place to live. Perhaps they will finished it then.
Nowadays nobody in Hong Kong is fine, it is under Chinese dictatorial law which means liberty of thought, and liberty of (peaceful) expression have ceased to exist
@@harrickvharrick3957 this place is like 1800 miles from Hong Kong in a city called Tianjin you Nit Wits... and NINE MORONS thumbed that up? 'Murica the uneducated doesnt even get it when they are show a map
That animation at 2:56 was really awesome to see. I love your videos, and the rest of this video was incredible too, but I specifically wanted to call that out because I would love to see animations like this continue to be used in yhe future!
Building projects like this one remind me why I’ve fallen out of love with skyscrapers lately. It’s little more than a vanity project, and all of the money used to build this stagnant stick to the sky could’ve been better spent elsewhere.
I just have to say I think you guys do incredible work... I have done nothing but enjoyed this since I ran across it.. As a lover of skyscrapers and of cities, I'm not really sure how I was unaware of it ?!? It looks great it sounds great it is great thank you
6:45 Damn, that's such a cool scene. The skeleton of the building looks like some space elevator thing rising from the skyline of a city on Mars. Definitely cooler than any finished skyscrapers.
The way they measure these "tallest" buildings by adding whatever skinny antenna they put on top doesn't make any sense. Wireless is now all interlocked cells rather than one large broadcast tower so they are all just for decoration. It's like saying Slash is 6'4" because he wears a top hat.
Radio still uses the big towers, and I imagine it does help in dense urban environments to have multiple. Lot fewer people listening to radio now though.
@@szurketaltos2693 and broadcast TV, when the World Trade Center went down we lost all TV stations except CBS, because they never moved from the Empire State Building.
Actually until the new 1 World Trade Center somehow cheated by calling their antenna a “spire”, an antenna wasn’t counted for the buildings full height, the Sears/Willis Tower in Chicago is only counted up to the roof, The massive antennas are excluded from the record.
It's because of construction flaws. The concrete crumbles because of cutting costs. There is videos showing new building that had to be evacuated. Poor building codes.
Me too, but that's also why we have an unfinished highspeed train with one completed station stop in California that has already exceeded the entire cost of funding (68 billion) on which construction has stopped, but the California taxpayers are still paying.
What’s hard to understand about running out of money? I assume that the company that was actually building it went broke, so there is nobody to pursue to get it completed or demolished.
@@marks4471 the construction "flaws" were caused by greedy business men using cheaper materials and cutting corners when the building was designed and pushing the project through without the final study . By the way, in the late seventies and through the eighties there were many greedy businessmen in both the Democrat and Republican parties .
A nice building design in principle, but clearly flawed master-planning and economy speculation. Great video on the extended history of an ill-fated project!
@@TheB1M credit where credit is due. I used to live in Saigon and there is a ghostscraper in the downtown area. I always wondered why it just got left unfinished, or why no one else picked up the project.
@Phoenix 𝙾𝚙𝚎𝚗 𝙼𝚢 PROFILE some no doubt is so, like many EVERGRANDE projects right now, but others are not so. It really depends on the company building them
This reminds me of the Oceanwide Plaza Complex in Downtown LA. Construction stopped on it in late 2019. The reason was for debt and not enough money to continue. The exterior was almost completely finished. The interior construction was put on hold. Now dtla residents have to see the Oceanwide eye sore next to Staples Center.
My family is an investor of this property. 😂 So basically, when the new district was proposed, the new mayor of TianJing gave a promising future of the project. He has been government official in Fujian province for a long time with lots of connection with real estate businessperson in Fujian, so most of investors were from Fujian. However, those investors thought this would be a free money for them, the government didn't back the project as promised. Rationally saying, the new district is very embarrassing consider its position. It is too close to Beijing making it hard to distinguish itself. Plus, Tianjing's main city is developed enough that they don't really need to expand to a new district.
The new district proposed was supposed to be a financial center of Tianjing, while the location of it is too close to Beijing which is already a mature financial center. There is just not incentive for investors to invest money here. Plus, the land in this project was pushed very high because they blindly believe this is going to be successful. Right now, investors of this project is waiting the government to bail out. Unlikely to happen in near future. LOL
@@dh00mk3tu name one western film made in China or any film made in China the last 20 years that doesn’t include pro China or anti western propaganda I will wait
This is like taking out a loan to build a house you hope to repay by renting it, but then you lose your job. Fascinating to see financial gambles on such a grand scale.
I read somewhere they are still slowly building it. The main structure was done in 2016. And they are just slowly installing things like windows, piping and whatnot.
Seems to be the fate of Tianjin in particular. 20 years ago I worked there for 2-1/2 years for Motorola. At the time there were at least 6 buildings over 30 floors where the construction had halted and they were left uncompleted. Speculation building is routine in China but this has to be the most extreme example.
Yep! It was a common sight, but mostly of them if not all later got auditioned off and all the ones I can remember are up and running (not sure how well they are doing though)
Also in Chengdu there are many building like this that have nearly finished but have remained unfinished for nearly 5 years. Unlike Tianjin, these buildings were in prime locations near subway intersections. It seems like such a waste to have unfinished buildings in the locations.
It is on the same side of town as Motorola was. Over 30 Tianjin government officials, have gone to jail recently for bribery. It may just be a political move by Xi but I am sure from personal experience they were dirty. Our company sent out many red envelopes to officials to get things done.
I remember seeing this tower last time I was in Tianjin in 2019. I first saw it from the plane flying over and I was thinking wow it really sticks out as its away from the main city. Shame it wasn't able to be finished. I hope they are able to finish it in the not too distant future. There is a pretty big one over in the Binhai area with more to come it seems.
I see that building whenever I look outside my window or go outside my room everyday...it is directly opposite my university at jinjing gong lu(津京公路). That building has more history and story than most people will ever know.😂😂
This is the same exact reason behind many of the ghost city/apartment buildings. Local government/investors take a gamble that a certain area will thrive base on speculation of Central government’s future policies.
I lived in Tianjin for years, I actually like the way the tower looks. Shame it's still not finished.
3 года назад+1
Its architecture is superb but it doesn't make sense if the general public can't enjoy it, the owner made it to milk the super rich so there it is. 🤷🏾♂️
they did this sort in Vegas, might be about 10 years ago. high rise casino, one of three had to be taken down. cost to build the three, around 8/9 billion. lots of small quakes in Vegas.
Stefon: Yes, yes, yes, yes, yes, yes, yes. RUclips's The BM1. This place has everything. Abandoned supermalls, ghostscrapers, insane megaprojects, MTV's Dan Cortese....
I worry at times that the UAE might fall under a similar overambitious mindset. It's the most impressive place I've ever lived and I marvel especially at the architectural feats built in Dubai and Abu Dhabi. Simply spectacular. But am concerned that some areas might be overbuilt and create beautiful ghost towns. Hope this amazing place built out of the desert thrives and will continue to show what's possible in the future.
No. The shell is max 25-30% of the cost. Now it´s most likely worthless due to no maintanence and exposure. Shit location is most likely the biggest factor.
I'm an American that use to live in China. There are hundreds of empty buildings in China. And I've been in buildings and lived in apartments in China that are relatively new that were already falling apart.
@Sherri T[A]P Me!! To Have [S]EX With Me I moved out China the last summer. Dude, there thousands of buildings like this all over China. This just happens to be one that gets attention because it’s in the middle of a sort of major city downtown, probably where the wealthy were expected to live.
They need to do a video on how exactly someone would go about demolishing a building that big. even if it fell perfectly in line to the ground the rubble pile would probably be a dozen or so floors high.
There is a political angle to the project as well. Tianjin is the hometown of Wen Jiabao, China's former premier. When he was in power, many investment projects went to Tianjin and Tianjin reported some of the fastest growth rates in the country. Now with him gone, and the city no longer getting preferential treatments, it has fallen on hard times.
![Blox Fruits Dragon Rework Update [Full Stream]](http://i.ytimg.com/vi/EqDAp8udhm0/mqdefault.jpg)
when Eiffel Tower was built, Parisians were joking that best view of Paris is from the tower... because it is the only place where you can't see the tower.
That was very witty of the French. Dripping w sarcasm, and French snot. Clever.
@@nomocreepyjoe1833 French snot? What does that mean?
Not surprised , it is a total eyesore.
LOL.
@@traiver6685 He probaably meant 'snooty'
Yeah, I was there in 2015 and it stood out like the eye of mordor. I came back in 2019 expecting it to be finished... and there it was in all its unfinished glory.
They ran out of tofu. Good thing they did.
Eye of mordor!!thats funny.
Lol
Should just put a giant eye that lights up at the top...
Lol
I'm from Tianjin, and the 117 isn't the only failed real estate project, there's an entire ghost town at an area known as 于家堡 or 响螺湾. With the giant unfinished buildings all around, I feel like I was inside the world of TLOU.
Hope ya didn't get jumped by like hobos there man
@@sunfl0wer_988 You can barely see any hobos in China.
@@cypheru5 Is that so? Well, I hope ya didn't get jumped by anybody shady then.
If only it was really inhabited by "real ghosts", would make a nice tourist attraction.
@@sunfl0wer_988 Hobos don't live in ghost towns, there's no garbage or people to beg from. They'd have a place for shelter but they would starve in some of these places with literally no one for hundreds of miles in an urban space.
When the building was start to built, Tianjin was one of the richest cities in China and a prosperous industrial center. At that time, Tianjin was considered to be the fifth first tier city in China, which is why many real estate developers chose to invest in Tianjin and the building was built. However, since 2014-2015, the industrial development here has slowed down and the population and economy have shown negative growth, Now Tianjin even ranks low in second tier cities.
天津发展缓慢的原因是，太过于自我保护
@@方潮岸 从来没见过一个地方城市的地铁董事长和总经理因为地铁工程建设太缓慢而被撸的。就那几条线，多少年了都没搞好，也是服气。说白了，就是一个个都不作为，天津的领导拍马屁倒是很在行。这些年看到李鸿忠的新闻多是第一个出来表态支持中央的政策，也不知道他在天津到底在干啥
yes, tianjin‘s economy is one of the key reason. Bad planing and diction making is another key cause.
don't forget the port explosion
I’m from Tianjin :]
Summing up: They bet their money by building a supertall skyscraper and residential area aimed for the super rich near a second rate industrial city, during the global financial crisis.
Damn. Wanna join our script team?
lmao
Second Rate Industrial City!!
Tianjin is a huge megacity, and will not tolerate insults like this!
Tianjin is not an industrial city, it's a megalopolis, but it's in the industrial district nonetheless.
@@kb9880 The economy of Tianjing actually decline. The gdp growth rate of Tianjing is almost the lowest in China. Net population inflows are also negative. But Tianjing is still the scond largest city in North of China.
Lol everytime, ‘building began in 2008’ ohhh now it makes sense
Lol foreals
A truly dark time for the global economy
@@fiendish9474 The *mid-late* *2000’s* were a *VERY* dark
*”era”* in general…
*Not* *sure,* why *people* *think* *revisting* *2004-2008* is a good idea.. 🤔
@@mid-s_to_earlysViBEZ Nostalgia. Not every memory from that time period is gloomy for everyone.
They began construction at the time when the economy across the world (not China) has gone into shit at the moment.
That time of the week! Ik it sounds stupid, but your videos honestly make my morning. Please keep up the amazing work B1M
Haha, thanks so much! It does NOT sound stupid, it sounds amazing!!
@@TheB1M please make a discord
I feel the same :)
Shutup
@@frankcarrasquillo6394 what's your problem mate?
I love watching this channel's videos while i'm in my break from work, a nice meal and lots of information :D
I traveled to Tianjin often for work from 2012-17. Initially, seeing it from central Tianjin, i thought it was just another skyscraper. I eventually visited the area of western TJ where the project is located. Only then was I able to appreciate the stunning height of this building & wondered how such a massive project would fare in a 2nd tier city.
There are many supertall buildings in 2nd tier cities even third tier.
They should complete it atleast. Must be an eyesore to the city residents.
yes just 5billion dollors requried, what could possibly go wrong
@@oksowhat I'm in love with your sarcasm 😆
that’s literally what North Korea did with that dumbass hotel in Pyongyang ☠️it was an eyesore so they completed the outside of the building with glass and left the inside empty
@@oksowhat just let the state complete it
@@MABfan11
Why should state pick up the losses resulting from the company's wrong decision. If the company make a profit, the company will take it all.
The Empire State Building went through a similar ordeal. Was built during The Great Depression in a location unideal for office buildings at the time, was built at it's height mainly to get the world record height, and cost $40 mil, but only made $1 mil the first year. Most floors were empty and employees in lower offices would turn on lights to make it look like the building wasn't a loss to the eyes of the public.
No. You are mistaken. To be similar The Empire State would have to be constructed in Staten Island, not Manhattan!!🤣🤷🏼
offices mostly empty when it opened : hence its nicknames "Empty State Building" or "Empire du Vide" back in the day.
it was empty but finished; not the same thing
Habitable height should be all that counts towards records, spikes on top of buildings are the equivelent of a kid putting their hand in the air and saying that's how tall they are
Bruh
Haha 🤣🤣
@Rahul Gaikwad its not underrates its a false statement
I agree .
@@Batman-wv5ng dude its false
No need for throwing shade at Philly 😂
Lol we philly residents feel insulted as 2nd tier city
@@vlsi54199 but philly is a second tier right
Not shade exactly, just a different magnitude of scale in China. To qualify as a 2nd tier city in China it needs a population of 3 to 15 million & a GDP of US$70 to 300 billion.
That’s not shade Philadelphia is a tier 2 city. Tier one would be like Los Angeles New York and San Francisco…
@@ZackScriven 2nd tier in the US, probably not in China.
More city planning video please 🙏. B1M is my therapy.
Cringe
The exterior cladding of the building should be completed so that the interior structure is protected from the elements,, you don't want the skyscraper falling down because its rebar corroded away.
I agree. I don't understand why projects like these that even if they don't have the funds to finish things, why they wouldn't get enough money together to at least finish the outside and keep the interior protected so that perhaps someone else down the road can take over a decent condition building.
@@tellucas well, as per the video, it says that thay can't pre-sell properties because it's forbidden to sell units that aren't fully finished.
It's an impressive structure - I've seen it in person - but it is sad to see it sitting like something frozen in time.
if the economy goes up, it will do the job, just have to wait for a long time...
That atrium at the top, a diamond in the sky. What better symbol of a property meant to appeal to the super rich. But overall, it was an interesting design.
Unfortunately, this video was literally posted before today of the 100th anniversary of the CCP.
true
@@hyy3657 so 10 years
A structure that tall feels like it would be a safety hazard if left uncompleted. Even with the solid core making it unlikely to collapse, just imagine window panes getting blown out from uncompleted floors and raining down on inhabitants below during a terrible storm.
Thank You Mr. Doom & Gloom! Try POSITIVE thoughts for once in your life!
You make a valid point. A number of safety issues happen when mechanical equipment like those cranes on top not get used...rust sets up and eats away at cables, metal. And the final roof not being finished has to be an issue just like any house being built needs it's roof completed.
Scary too tall!!
@@BobSmith-mc7uq youre on drugs ya?
That thing is coming down in a bad way…all I could think about
Very informative and thanks for posting!
My city tianjin...lived and studied there for six years....love from India...Hen Xiang Tianjin...
How? You studied there as a exchange student?
@@Rohit-cj6eb what do you think otherwise
@@Rohit-cj6eb what's so rare about that ? I was supposed to study Management in Guangzhou myself but backed out literally 6 days before I left.
@@ultimatestoryteller Forgive my curiosity but why?
ruclips.net/video/gRAQYnhhWu0/видео.html
The editing in this video is tight. Love the use of lines in transitions and animations
ruclips.net/video/VyKwetPjEx8/видео.html
The reason it has never been finished is simple. In it's current state of construction it is in perfect aesthetic balance with the rest of Tianjin. Have you been to Tianjin. I lived there for a year. It is a shithole.
Now with a 600m turd monument....they should paint it brown.
@Sherri T[A]P Me!! To Have [S]EX With Me It 's not a second rate industrial city. It's the bedroom of Beijing. It also happens to be a shithole. Maybe one day they will stop burning coal in the northeast (of china) and it will be a nicer place to live. Perhaps they will finished it then.
Usually, when a person can afford to lose $13 billion, they'll be fine.
I think so, and they still have this marvel which appears to be close to completion, even though it doesn't look all that stable to my eye.
Nowadays nobody in Hong Kong is fine, it is under Chinese dictatorial law which means liberty of thought, and liberty of (peaceful) expression have ceased to exist
@@harrickvharrick3957 true
@@harrickvharrick3957 this place is like 1800 miles from Hong Kong in a city called Tianjin you Nit Wits... and NINE MORONS thumbed that up? 'Murica the uneducated doesnt even get it when they are show a map
@@harrickvharrick3957 bye bye freedom in Hong Kong!
Well at least this one reached its full height so it’s likely to be finished and be used in the future. The Jeddah tower tho. ☠️ ☠️ ☠️
the company is bankrupt, no other company want to buy it, it need much money
Construction has continued on the jeddah tower.
The aloha Snackbar Tower
@@saviomarius7654 link?
@@saviomarius7654 in 2021? where did you read that?
This is very interesting. Looking forward to the next video. Keep up the good work.
Its a worlds record, the highest condemnd building.
it is garbage = they do not understand ! just copy
@@ronnieboucherthecrystalcraftsm ...and poorly I might add.
Billdingdong
*Lots of appreciative rats and roaches out there*
In short, location, location, location.
"Ghost-scraper" is great, I'll definitely use that
Man I wouldn't want to be anywhere near that building. You know it's gonna fall anytime.
That animation at 2:56 was really awesome to see. I love your videos, and the rest of this video was incredible too, but I specifically wanted to call that out because I would love to see animations like this continue to be used in yhe future!
Building projects like this one remind me why I’ve fallen out of love with skyscrapers lately. It’s little more than a vanity project, and all of the money used to build this stagnant stick to the sky could’ve been better spent elsewhere.
Given that most buildings fall to ruin in 50-100 years, the investment just isn't worth it.
Ikr it's a stupid dumb tower of steel and glass
Money that makes money isn't wasted. Money poured into the bottomless pit of social programs always is.
When they are that tall they are mostly frame and core with barely any space for people. It really is just a stagnant stick to the sky.
@@Automedon2 you mean men women and children who have less and are suffering to survive? That is a waste of money and they deserve to die you say?
I just have to say I think you guys do incredible work... I have done nothing but enjoyed this since I ran across it.. As a lover of skyscrapers and of cities, I'm not really sure how I was unaware of it ?!?
It looks great it sounds great it is great thank you
"Ghostscraper". Damn! What a word!
Good one for the South Korean film industry.
Because you can, doesn't mean you should
@@davidduffy2046 Amen!
It’s the Roast 🔥 Scraper
Indeed. Just don’t type “ghosts craper” or it loses appeal…
Can we all have a moment and appreciate the work that B1M does 👏
I cant say enough how much I enjoy watching these videos. Thanks once again Fred and team!
6:45
Damn, that's such a cool scene. The skeleton of the building looks like some space elevator thing rising from the skyline of a city on Mars.
Definitely cooler than any finished skyscrapers.
yalls videos just keep getting better and better, im absolutely addicted
I'd like to see how they take it down when it's beyond repairing
The way they measure these "tallest" buildings by adding whatever skinny antenna they put on top doesn't make any sense. Wireless is now all interlocked cells rather than one large broadcast tower so they are all just for decoration. It's like saying Slash is 6'4" because he wears a top hat.
Radio still uses the big towers, and I imagine it does help in dense urban environments to have multiple. Lot fewer people listening to radio now though.
@@szurketaltos2693 and broadcast TV, when the World Trade Center went down we lost all TV stations except CBS, because they never moved from the Empire State Building.
Yah. Without Spire, PNB 118 in Malaysia will not be in the top 10
Actually until the new 1 World Trade Center somehow cheated by calling their antenna a “spire”, an antenna wasn’t counted for the buildings full height, the Sears/Willis Tower in Chicago is only counted up to the roof, The massive antennas are excluded from the record.
Glad i wasn't the only one bothered by this !
Wish I understood economics so I could understand how a skyscraper, which is 90% complete, could just be abandoned like that.
It's because of construction flaws. The concrete crumbles because of cutting costs. There is videos showing new building that had to be evacuated. Poor building codes.
Me too, but that's also why we have an unfinished highspeed train with one completed station stop in California that has already exceeded the entire cost of funding (68 billion) on which construction has stopped, but the California taxpayers are still paying.
@@tenabarnes3269 That's different! Not due to construction flaws, but Democrat greediness!
What’s hard to understand about running out of money? I assume that the company that was actually building it went broke, so there is nobody to pursue to get it completed or demolished.
@@marks4471 the construction "flaws" were caused by greedy business men using cheaper materials and cutting corners when the building was designed and pushing the project through without the final study . By the way, in the late seventies and through the eighties there were many greedy businessmen in both the Democrat and Republican parties .
We have a building that size in my town, i couldn't imagine it being vacant until now.
A nice building design in principle, but clearly flawed master-planning and economy speculation. Great video on the extended history of an ill-fated project!
god bless b1m. trying to find something to watch while eating and the video popped up ❤️
And that is not the only building or complex that are sitting completely empty either!
free electrical atmospheric harvesting
Wow, I used to follow this one's construction back in the beginning. I had totally forgotten its existence.
"The building was proposed back in 2008"
Ah shit, here we go again
@@ravencoin_premium_admin_assets shut up
@@sirgeorgioalastrata4104
ok
What a good time to propose construction.
Hopefully it gets finished. It's really a pretty design.
really enjoyed this one, Fred.
Thanks mate!
@@TheB1M credit where credit is due. I used to live in Saigon and there is a ghostscraper in the downtown area. I always wondered why it just got left unfinished, or why no one else picked up the project.
Hopefully the project is completed someday even if it means 100 years from now
@David Reinforced concrete actually really doesn't like water.
Why?
Like the sagrada la familia lol
@@akshar4561 That's India you are talking about oh and the US...
@@akshar4561 Would you have rather be in that condo in the US from the news?
"build it as they come" is for affordable housing and jobs, not for a super-rich catered skyscraper.
@Phoenix 𝙾𝚙𝚎𝚗 𝙼𝚢 PROFILE some no doubt is so, like many EVERGRANDE projects right now, but others are not so. It really depends on the company building them
3 of the most important things in real estate: Location, Location and Location
alright Kirsty keep yer knickers on
but good location is expensive, it means lower profit! what about milions in pr which would turn location into desired one?! :-)
And I thought Location, Location and Location was about making movies he he he.
A roof and windows would be a good selling feature.
and i thought it was height.
I love finding out shit I never knew I wanted to know . excellent job..👍
I remember seeing this building from across town, on the 70th floor. We called it the "Yao Yao Qi[chi]" ...117. and that was in 2015
I like that they keep showing my favourite building of all time: the Giant Trousers.
Not the bottle opener?
Ok
@@krashd ok
Another smasher video from B1M!
Timing is everything.
Ghostscraper!? What a cracking nickname, I love it!
@@merrylam7765 WTF!?
@@johnmorsley report him like I did he is commenting this in every comment
It’s a way to wrap outside with safety escape.
What does it mean
the view of city is very impressive, especially during night...
Ghostscraper, that is a very generous way of saying abandoned building.
No maintenance.....concrete rot.....unsafe......demolition
@@henkholdingastate Kaboom?? Yes big kaboom!! dust...dust..Cough! cough! I love demolition contracts.
This reminds me of the Oceanwide Plaza Complex in Downtown LA. Construction stopped on it in late 2019. The reason was for debt and not enough money to continue. The exterior was almost completely finished. The interior construction was put on hold. Now dtla residents have to see the Oceanwide eye sore next to Staples Center.
Very interesting. Greetings from nearby Hebei province.
I use this video as my listening pratise.
ruclips.net/video/VyKwetPjEx8/видео.html
My family is an investor of this property. 😂
So basically, when the new district was proposed, the new mayor of TianJing gave a promising future of the project. He has been government official in Fujian province for a long time with lots of connection with real estate businessperson in Fujian, so most of investors were from Fujian. However, those investors thought this would be a free money for them, the government didn't back the project as promised.
Rationally saying, the new district is very embarrassing consider its position. It is too close to Beijing making it hard to distinguish itself. Plus, Tianjing's main city is developed enough that they don't really need to expand to a new district.
The new district proposed was supposed to be a financial center of Tianjing, while the location of it is too close to Beijing which is already a mature financial center. There is just not incentive for investors to invest money here. Plus, the land in this project was pushed very high because they blindly believe this is going to be successful. Right now, investors of this project is waiting the government to bail out. Unlikely to happen in near future. LOL
@@easonhuang7117 How are things at the moment? What do you mean waiting for goverment to bail out? How would that be positive for investors?
It could be used for base jumping and other sports activities.
I wish Ghostscrapers in China get used as filming locations.
China only allows western films to be made there if they include Chinese propaganda
@@dh00mk3tu what a useless comment….. care to expand ?
@@dh00mk3tu name one western film made in China or any film made in China the last 20 years that doesn’t include pro China or anti western propaganda I will wait
@@Girtharmstrong69 How about mission impossible 3?
@@ayakaham1041 yes check the credits thanking ccp
This is like taking out a loan to build a house you hope to repay by renting it, but then you lose your job. Fascinating to see financial gambles on such a grand scale.
Yes here in America the government bails out the big investors that make such a large boo boo.
It gives me great pleasure to see the plans of the affluent go tits up! Even if it’s 10,000 miles away.
I read somewhere they are still slowly building it. The main structure was done in 2016. And they are just slowly installing things like windows, piping and whatnot.
Seems to be the fate of Tianjin in particular. 20 years ago I worked there for 2-1/2 years for Motorola. At the time there were at least 6 buildings over 30 floors where the construction had halted and they were left uncompleted. Speculation building is routine in China but this has to be the most extreme example.
Yep! It was a common sight, but mostly of them if not all later got auditioned off and all the ones I can remember are up and running (not sure how well they are doing though)
ruclips.net/video/gRAQYnhhWu0/видео.html
Also in Chengdu there are many building like this that have nearly finished but have remained unfinished for nearly 5 years. Unlike Tianjin, these buildings were in prime locations near subway intersections. It seems like such a waste to have unfinished buildings in the locations.
Have you been back since? You wouldn’t recognize Tianjin anymore, it’s shocking how quickly they throw up buildings here.
It is on the same side of town as Motorola was. Over 30 Tianjin government officials, have gone to jail recently for bribery. It may just be a political move by Xi but I am sure from personal experience they were dirty. Our company sent out many red envelopes to officials to get things done.
This ghostscraper reminds me of my house. It's been undergoing renovation for a decade now. I shall now christen thee ghosthouse.
If their building codes are anything like Miami’s, they just left an abandoned, oversized Jenga puzzle.
Love this channel soooo much!!!!
I remember seeing this tower last time I was in Tianjin in 2019. I first saw it from the plane flying over and I was thinking wow it really sticks out as its away from the main city. Shame it wasn't able to be finished. I hope they are able to finish it in the not too distant future. There is a pretty big one over in the Binhai area with more to come it seems.
LOL. That shade thrown at Philly haha
Ryugyong Hotel, North Korea: Finally a worthy opponent, our battle will be legendary.
That's exactly what i was thinking of !
Even North Korea completed the facade 😂
The buildings look beautiful.
It looks like the tower of Barad-dûr. Just need a volcano in the back drop as a stand in for Mt Doom.
Great vid!
My neighbour does the same thing: earns abit of money and spends it on the next part of the house. Property looks a mess, but progress does continue
I have a neighbour like that too. Unfortunately they arrived after I purchased my property. Hopefully they leave after the kids have grown.
Absolutely fascinating. And just half a meter smaller in habitable hight than Khalifa, WOW
The wind! Perhaps is a Hugh factor. Have to finish watching.
always weird to see such a major landmark that is unfinished
I see that building whenever I look outside my window or go outside my room everyday...it is directly opposite my university at jinjing gong lu(津京公路). That building has more history and story than most people will ever know.😂😂
Just don't criticise it, otherwise the CCP will disappear you...
@@AndrooUK Advertising your ignorance there, Andy.
Architecture nerds when they hear, “Construction began in 2008”: “You stupid son of a…”
This is the same exact reason behind many of the ghost city/apartment buildings. Local government/investors take a gamble that a certain area will thrive base on speculation of Central government’s future policies.
We should be careful on money disposal , if you're not spending to earn or get back money, then stop spending.
Apparently my view on the solution is to venture into trading cryptocurrency
True! Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
Most intelligent words I've heard.
Crypto is the new gold for sure 👍
I wanted to trade Crypto but got discouraged by the fluctuations in price
I lived in Tianjin for years, I actually like the way the tower looks. Shame it's still not finished.
Its architecture is superb but it doesn't make sense if the general public can't enjoy it, the owner made it to milk the super rich so there it is. 🤷🏾♂️
于家堡應該有一些人住在那裡現在吧？還是還沒有？！
they did this sort in Vegas, might be about 10 years ago. high rise casino, one of three had to be taken down. cost to build the three, around 8/9 billion. lots of small quakes in Vegas.
Still remember when this page had 200k
So beautiful.
Stefon: Yes, yes, yes, yes, yes, yes, yes. RUclips's The BM1. This place has everything. Abandoned supermalls, ghostscrapers, insane megaprojects, MTV's Dan Cortese....
"Build it and they will climb." A daredevil's paradise.
@Nathan Taffijn You mean Miami?
@Nathan Taffijn Miami?
Where's that video where they climb it?
I worry at times that the UAE might fall under a similar overambitious mindset. It's the most impressive place I've ever lived and I marvel especially at the architectural feats built in Dubai and Abu Dhabi. Simply spectacular. But am concerned that some areas might be overbuilt and create beautiful ghost towns.
Hope this amazing place built out of the desert thrives and will continue to show what's possible in the future.
I have an idea. Turn the building into the biggest skate board park in the world. And every country can send their skate boarders there forever.
ruclips.net/video/gRAQYnhhWu0/видео.html
Tianjin:forget about 117,we have 530m Chow Tai Fook financial center already.
China has amazing cities that have grown vertical at hyper speeds.
@@Dweller415 I agree
Isn't it strange how other folks never feel like continuing, taking over, finish such a project
No.
It's expensive to finish... return potential... not there.
So. Not strange at all.
No. The shell is max 25-30% of the cost. Now it´s most likely worthless due to no maintanence and exposure. Shit location is most likely the biggest factor.
I'm an American that use to live in China. There are hundreds of empty buildings in China. And I've been in buildings and lived in apartments in China that are relatively new that were already falling apart.
The building materials are shit
@Sherri T[A]P Me!! To Have [S]EX With Me I moved out China the last summer. Dude, there thousands of buildings like this all over China. This just happens to be one that gets attention because it’s in the middle of a sort of major city downtown, probably where the wealthy were expected to live.
They need to do a video on how exactly someone would go about demolishing a building that big. even if it fell perfectly in line to the ground the rubble pile would probably be a dozen or so floors high.
They would probably have to take it apart just like they built it.
It’s possible but extremely expensive and who’s gonna pay for that, it’s going to stand there for a very long time weather its operational or not
This building would be one of a majestic building
Ever since I watched the movie Towering Inferno, I have never even wished to live more than few stories above the ground.
There is a political angle to the project as well. Tianjin is the hometown of Wen Jiabao, China's former premier. When he was in power, many investment projects went to Tianjin and Tianjin reported some of the fastest growth rates in the country. Now with him gone, and the city no longer getting preferential treatments, it has fallen on hard times.
Thanks for this studies.