Chapter 765

In the evening, Huang the intermediary took a few people to the Overseas Chinese Hotel, where the hotel's conference room had already become a "land transaction market."

When I opened the door, a heat wave mixed with the smell of sweat, cigarettes and cheap perfume hit me in the face.

There were estimated to be more than thirty people inside, and the long conference table was covered with colorful drawings.

Some people circled the plots of land with red pencils, while others used magnifying glasses to study the planning red lines;

The well-dressed boss and the agent in slippers were crowded together. The electric fan in the corner was spinning rapidly, making people's shadows a mess on the wall.

"Ah Huang, have you brought the new boss?"

A man with a mustache walked over with a cigarette in his mouth, the cigarette butt swaying up and down at the corner of his mouth. The cuffs of his white shirt were stained with oil, but he had a shiny pen pinned to his chest.

"I have a good deal today. It's approved by the Land Bureau and is close to the sea. Would you like to take a look? The original price was 35,000, but now it's 78,000. The transfer can be completed this afternoon." He took out a copy with the official seal from his briefcase.

Wang Dachui's eyes swept across the crowd. Someone was stuffing wads of cash into a black bag. The sound of the bills colliding was so sharp that it was piercing.

Someone holding up a mobile phone yelled, "If the salary increases by another 5,000, I'll sign!" The sound drowned out the whirring of the fan.

At the table in the front row, two men were arguing over the price of a piece of land. Their saliva splashed on the spread-out blueprint, turning the year "1992" into a blue blur.

Huang, the intermediary, quietly tugged at his sleeve and said, "Boss Wang, I'm just showing you the market. This is the speed of Zhucheng. It's tens of thousands this month, but it will be hundreds of thousands next month."

Your company has project experience, and I can help you get the land from the Land Bureau as a developer! Then, whether you sell it later or build it yourself, it will be very stable."

Wang Dachui needed to go back and think about it. After looking at the prices of the land in the conference room, he and the intermediary Huang parted ways outside the Overseas Chinese Hotel.

Huang's motorcycle made a beautiful arc in front of the door, raising a cloud of dust.

Wang Dachui looked at the trading market that was getting farther and farther away in the rearview mirror. The figures waving cash and the quotations that came one after another played in his mind like movie scenes.

Old Zhang's hand trembled slightly as he gripped the briefcase. "Boss, do we really have to get the land ourselves? There's only 80,000 yuan in the company account. Even if we wanted to, it would only be enough to buy a few acres."

"What are you afraid of!" Wang Dachui slammed the car window, scaring the driver so much that he almost stepped on the accelerator by mistake.

"Did you see those guys just now? They can make 50,000 just by flipping them! We have legitimate development qualifications, and the price we can get for the land is comparable to theirs. We'll make some money then! Let's make some money first, and the rest will follow quickly!"

A long line formed at the Land Bureau entrance, with agents in colorful shirts squatting on the steps smoking. Agent Huang, with familiarity, led them around to the back door and handed two packs of Hongtashan cigarettes to the security guard.

"The land approved today is in the Baihutou West District, a valuable and sought-after plot." Huang, the agent, lowered his voice. "Old Chen's cousin is the section chief in the Planning Bureau. He'll follow my lead later."

The planning map on the wall of the service hall was yellowed by the sun. Wang Dachui stared at the sand table in the glass cabinet - those land models with small flags on them looked very much like the mung bean cakes sold at the night market in Yongcheng.

However, Wang Dachui, who was short of money, could not afford to buy land by the sea at all. Today's quota was almost snapped up by Hong Kong businessmen.

However, his trip was not in vain. In the end, he acquired three acres of land in a remote area not far away for 28,000 yuan per acre. The company's money was not enough, so he invested all his remaining private property.

And his boldness brought him rich rewards when he was in the right place.

A month later, the land he bought for less than 90,000 yuan was bought by a businessman from Shanxi Province for 250,000 yuan.

This made Wang Dachui taste the sweetness. In the next six months, he used the same method several times and made a huge sum of 500,000 yuan.

At the same time, capital from all over the country poured in. Within a year, the number of real estate developers registered in Zhucheng surged from double digits to over a thousand.

The land transaction volume reached 20 billion yuan, equivalent to one-third of the national land transfer fees that year.

Wang Dachui made a great comeback and brought Liu Xu and Wang Yue to this carnival destination during the National Day.

The car stopped at a wasteland not too far from the sea. As soon as I got out of the car, a strong fishy smell hit me in the face. It was the smell of rotten aquatic plants and duck droppings mixed together.

Wang Yue covered his nose, frowned, and tiptoed to avoid the mud puddles on the ground. He asked in confusion: "Dad, what kind of land is this? It stinks!"

Wang Dachui laughed heartily, his voice full of pride. He stamped the ground under his feet and said:

"Hahahaha! This is a treasure land! I used to raise ducks here, but now it's mine. The housing prices in Zhucheng have risen from a few hundred yuan at the beginning of the year to over three thousand yuan.

I'm not planning on selling this land anymore; I'm going to build a villa! It's very close to the planned 'coastal resort', and once the resort is built, the property prices will skyrocket!

When the time comes, we can build houses and sell them, and we can make much more money than just trading the land!"

Wang Yue's eyes lit up, and she temporarily forgot about the stench. She asked expectantly, "Dad, can we live in a beachfront villa in the future?"

"Of course! The land and the houses are all ours. You can live in whichever one you want."

Compared to the excitement of Wang Dachui and Wang Yue, Liu Xu was inexplicably worried.

"Da Hammer, building a villa is different from building a dormitory. We'll have to invest more money, right? Even though we earned 500,000 this year, that shouldn't be enough for the construction costs, right?"

"Don't worry, I have a plan. Bank loans are very loose right now! I can use this piece of land as collateral and borrow a large sum of money! Once the house is built and sold, I can pay back the loan when I've made a profit. Everyone's doing this now; it's called 'borrowing chickens to lay eggs'!"

What he said was indeed true. Over the past year, bank credit funds have poured into Zhuhai's real estate market like a flood.

Most developers rely on mortgaging land to obtain loans, and then use the borrowed money to buy more land, forming a seemingly prosperous "Ponzi financing" cycle.

At that time, 80% of the funds for Zhucheng's real estate development came from bank loans. The loan interest rates for some projects were even as high as 25%. But under the temptation of "high returns", no one thought this was a problem.

This city, which is backed by the southwest, faces Southeast Asia, and has a natural deep-water port, is being highly anticipated by countless people, who hope that it will become the "second Shenzhen".

Wang Dachui, like thousands of other investors obsessed with the dream of getting rich, has been dazzled by the huge profits in front of him and is unable to extricate himself.