Analysts suggest monitoring Goldin Finance 117’s pre-sales data and tenant occupancy updates for early clues on upcoming quarterly performance, particularly in the context of broader market liquidity. Work on the 105-story building began in 1987 under the rule of Kim Il Sung, Kim Jong Un's grandfather. In 1992, the economic depression following the Soviet Union's collapse halted construction before windows were installed and the concrete was covered. “Okay, so in 2015 what happened was this Hong Kong developer’s stock price on the Hong Kong stock market basically dropped to like only about half of it. It's like within a couple of days,” explains Qiao. The company’s net asset value has remained steady despite valuation pressures across the property sector, keeping Goldin Finance 117 attractive for conservative portfolios focused on tangible asset backing.
