After some time, it will be sold for 26 million.
And just like that, the 6 million yuan difference was in their hands.
Even more outrageous is...
Some developers also take out bank loans.
They obtained a large amount of loan funds simply by mortgaging the real estate planning drawings to the bank.
The impression given to everyone is that money is too easy to make.
In 1991, the average price of real estate in Hainan Province was only 1,400 yuan per square meter.
Only one year has passed.
The price per square meter skyrocketed to 5,000 yuan per square meter.
In 1993, at its peak, the price per square meter reached 7,500 yuan.
Think about the average monthly wage of workers back then.
With a price of 7,500 yuan per square meter, how many people can afford to buy a house?
As everyone knows, this is a game of musical chairs, and no one can stop playing it.
Countless real estate companies, clinging to a侥幸心理 (a gambler's mentality), are playing this game of musical chairs.
They fantasized that they wouldn't be the last ones left holding the bag.
There are statistics available.
During this period, up to 300 companies registered with the industrial and commercial administration department every day.
What does this mean?
The total population of the entire island does not exceed 1.6 million.
However, more than 5,000 real estate companies emerged.
That is to say, on average, one in every 320 people is a family.
It's terrifying to even think about.
The rise in housing prices is naturally inseparable from the cost of land acquisition.
Take Haikou City as an example.
Land prices soared from several hundred thousand yuan per mu in 1991 to 6.8 million yuan per mu.
Those who ventured to Hainan with tens of thousands of yuan woke up one day to find themselves with a net worth of millions.
There are many such examples.
But in the end, it all turned into bubbles.
This is also why Chen Dong didn't want to do it.
That's incredibly immoral!
In the end, all that was left was a mess, a bunch of unfinished buildings.
He didn't want to do something so absurd, even if there were no consequences later.
Now, what is urgently needed is...
Chen Dong needs to rush to Hong Kong and establish a wholly-owned financial investment company.
Compared to the investment company, the small amount of money he distributed was really not worth his attention.
......
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