Lujiazui and Sanya Haitang Bay have already "borrowed" a lot from Dubai's architecture, and Zhao Ye really doesn't know what Dubai will look like in the future.
"Money never lacks creativity, and Dubai might just see some new and amazing buildings! However, Dubai is, after all, just a very small country with limited resources. On the surface, it is magnificent, but behind it lies a huge crisis..." Zhao Ye thought to himself.
Dubai's development potential may not be comparable to that of Sanya in Hainan, after all, Sanya is backed by a powerful country and a huge market with more than one billion people.
Wujiang Group has made a significant investment in Sanya, Hainan, and its future looks promising.
...
The next morning, Sanya leaders called Xu Shengzhe to inform him to come to the municipal government building for a meeting, as the Sanya government had reached a consensus on the development of Haitang Bay.
After receiving the call, Xu Shengzhe immediately led his employees to the municipal government building.
The mayor's secretary led Xu Shengzhe and others to the reception room.
"Mayor Niu, and all the leaders, hello!"
Xu Shengzhe walked into the reception room and greeted everyone with a smile.
"Mr. Xu, hello, please have a seat." Mayor Niu Guangyao stepped forward, shook hands with Xu Shengzhe, and then gestured for Xu Shengzhe and the others to sit down.
Xu Shengzhe thanked him and then asked, "Mayor Niu, you said on the phone that the Sanya government has reached an agreement on the Haitang Bay issue. Does that mean they have agreed to let Wujiang Group develop Haitang Bay?"
Niu Guangyao nodded: "Yes, our Sanya government believes that with Wujiang Group in charge, Haitang Bay can definitely be developed into a beautiful world-class tourist and leisure resort area!"
Xu Shengzhe laughed and said, "Haha, yes, Mayor Niu, I also firmly believe in this! By the way, Mayor Niu, including Nantian Farm, the total area of Haitang Bay is 384.2 square kilometers. If our Wujiang Group were to buy it all for development, what would the land price be?"
Mayor Niu immediately replied, "To show our sincerity, Wujiang Group can acquire the entire Haitang Bay area for only 11 billion RMB!"
Xu Shengzhe was stunned when he heard the price, as if he couldn't believe that the Sanya government's offer was so cheap!
This reminded him of the 1980s when Fok Ying-tung spent 300 million RMB to buy 33,000 mu of land in Nansha.
384.2 square kilometers is approximately 576,000 mu.
Land prices in Hainan are relatively high, and Haitang Bay has great development potential. Buying it for 11 billion yuan would definitely be a huge profit.
Xu Shengzhe was deeply moved by the sincerity of the Sanya government!
Mayor Niu then continued, "In addition, the Sanya government will provide water, electricity, and roads to Haitang Bay to achieve 'three connections,' and will also provide tax reduction policies for Wujiang Group... Of course, we will also make some demands on Wujiang Group!"
Xu Shengzhe nodded in understanding, then asked, "What demands has the Sanya government made of Wujiang Group?"
Mayor Niu: "Our requirements are actually very simple: the Haitang Bay development plan must officially commence within three years, and the initial investment must be no less than US$10 billion! Otherwise, the Sanya government has the right to reclaim all the land in Haitang Bay! In addition, Wujiang Group will be responsible for the resettlement and compensation of the local residents of Haitang Bay. Of course, the Sanya government will provide assistance and cooperation."
When Xu Shengzhe heard these requests, he felt they were nothing at all.
Wujiang Group originally wanted to develop Haitang Bay, and the sooner the better.
Once the land purchase agreement is finalized, Wujiang Group can arrange for a more detailed survey and planning of the entire Haitang Bay area.
Once construction begins, the scale will inevitably be enormous.
Xu Shengzhe immediately agreed to the Sanya government's request: "No problem, Mayor Niu, your request is very reasonable, and Wujiang Group supports it!"
More than an hour later, Xu Shengzhe, on behalf of Wujiang Group, signed a land purchase agreement with the Sanya government.
The land belonging to the local residents will be compensated by Wujiang Group through the construction of resettlement housing and cash compensation.
The current permanent population of Haitang Bay is less than 20,000. Even if we assume an average of 5 households per family, there are only 4,000 households. If the compensation for each household is 1 million, it would only amount to about 4 billion RMB.
The government will receive a total package price of 11 billion RMB, while 4 billion RMB will be used to compensate local residents.
In other words, Wujiang Group needs to spend a total of 15 billion RMB to acquire Haitang Bay.
The following morning, the Sanya government and Wujiang Group jointly announced that Wujiang Group had invested a total of 15 billion RMB to purchase Haitang Bay in Sanya.
The news immediately sparked heated discussions among the public.
Many people questioned whether the Sanya government sold the land too cheaply. It should be noted that this is now 2000, and China's real estate market is developing rapidly. 576,000 mu of land was sold for only 15 billion RMB, which is really cheap.
"Although Haitang Bay in Sanya is not developed, it is still a large bay. To sell it for only 150 RMB, I suspect there may be some shady dealings behind this!"
"Although I have always supported Wujiang Group, I am not on their side this time."
"Property prices in Hainan are quite high. Sanya's Haitang Bay boasts beautiful scenery and a long coastline, making it a rare tourist destination! It's truly astonishing that Wujiang Group acquired such a large plot of land for 15 billion RMB."
"I suspect this is very likely the beginning of real estate speculation in Hainan... Isn't the impression left on everyone by the Hainan real estate bubble in the 1990s profound enough?"
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