Qin Weidong was always surrounded by people wherever he went. Contractors flattered him, leaders flattered him, and local residents treated him with great respect. To be honest, Qin Weidong had never experienced anything like this before.
Naturally, the residential area that Qin Weidong developed in Gangcheng was not small either. However, Gangcheng is different from Nanhai. Gangcheng is more developed and has high-rise buildings, while Nanhai is still an undeveloped fishing village.
The residents here are very simple and honest, the ecological environment is good, and the sea view is particularly beautiful. Qin Weidong can walk in the shade of coconut trees every day, which is very pleasant! In a place where there was nothing, he used his wisdom to build a high-rise community on ten plots of land.
Once these ten plots of land are all developed, the area will have high-rise buildings and landmark structures.
Qin Weidong experienced the joy of farming and infrastructure construction!
He couldn't wait to complete all ten residential areas, making them beautiful, with well-maintained facades and environments. He even planned to build a swimming pool so that all the homebuyers could enjoy the amenities.
Huachu's future quality is beyond doubt. Qin Weidong brought more advanced things to the South China Sea, just like the builder of the South China Sea. He gradually developed a deep affection for the South China Sea.
The joint development of ten residential communities is no easy task. Qin Weidong devoted himself to it, visiting various construction sites every day, fearing that the houses would not be built well and all his hard work would be in vain.
Compared to Qin Weidong's worries, Chu Yu was much calmer. With nothing to do and the air conditioning on, Chu Yu started looking at land plots again.
When Qin Weidong ran back looking miserable, he took a bottle of water from the refrigerator and opened it. "What are you looking at?"
"land!"
Qin Weidong was stunned, almost spitting out his water. "Grandma, are you kidding me? We already have ten plots of land! These ten plots have only just started development. We just borrowed over 100 million from the bank, and we haven't even had a chance to rest yet. Why are you looking at land again?"
Mi Fei also came over to check on the situation. "Chu Yu, do you think this plot of land is good? This plot is quite large. You can build a hotel on the side near the sea, and a commercial center on the side further away from the sea. If it can be developed well, this area will have commercial facilities, hotels, and residential areas, and it will definitely sell very well."
Chu Yu smiled without saying a word, but Qin Weidong couldn't hold back any longer, "Our community isn't even finished yet, where are we going to get the money to buy land?"
"Who says we won't have money to buy land if we can't finish building it?"
Qin Weidong was stunned. "Tell me, if we can't finish building the houses and sell them, where will the money come from?"
Most of Qin Weidong's houses in Gangcheng were only put on pre-sale after they were almost finished being built, which is a common practice.
“Our sales office and model apartments are already built, right? We can set the price a bit more affordable and let people who want to buy a house see the model apartments. That way, they can see the layout and lighting of the house directly. Then we can start pre-sales, and after recovering the funds, we can keep a portion to repay the loan and pay part of the contractor's fees, and use the rest to buy land.”
Mi Fei followed her train of thought and muttered to himself, "We can buy land, draw up blueprints, and then get a loan from the bank. The land we get with the loan can be pre-sold. It's a cycle. We don't need much money to get things going."
Qin Weidong couldn't take the shock. "What if it collapses?"
"It won't collapse in the next few years. Our high leverage is perfectly capable of operating. Even if it does collapse, it will be several years from now. By then, we will have already cashed out and left, passing the land we have on to the next buyer."
Chu Yu understood very well. She was a businesswoman and wanted to make money, but she wouldn't leave behind unfinished buildings in the South China Sea.
But land is different; what others do with their land is not something she can control.
What she had to do was buy as much land as possible and wait for the Hainan real estate market to boom. However, the real frenzy would not arrive until two years later, when the real estate market in the South China Sea would surpass the 5,000 mark, followed by 7,000, 8,000, and 10,000. At that point, it would be time for Chu Yu to leave the scene.
"Have you been watching the news lately?" Chu Yu tossed a newspaper to Qin Weidong. "Watch the news more often. It can teach us a lot and also tell us about policy trends."
Qin Weidong picked up the newspaper, but was shocked by its contents.
It is said that with the establishment of the South China Sea Special Economic Zone, the country mobilized talents to cross the strait to seek their fortune. It should be noted that the South China Sea Special Economic Zone covers a very large area, but its economic output is low and its development is slow. At present, it is still a small coastal city with a population of 230,000 and a total area of less than 300,000 square kilometers.
There isn't a single traffic light in any of the major cities in the South China Sea.
The streets are barren, the houses are low, so why did these 100,000 people come here? It's all for economic development!
With the national policy in place, Chu Yu couldn't just sit idly by. By the time construction of these houses began, Chu Yu's model house development would be in 1989. If Chu Yu used that money to buy more land then, it would easily spur others to develop in the South China Sea.
She then published her gold-digging story in the newspaper.
When the market heats up and more people come in, there will be people willing to buy.
Qin Weidong said that there have been a lot more people in the South China Sea recently. Goodness, according to the newspapers, a full 100,000 talents have come, which is equivalent to half of the total population of the province! And this is only in the early stages of the establishment of the South China Sea. After the news about gold mining in the South China Sea is written by someone with ulterior motives next year, more and more young people will definitely come to seek development opportunities.
"What is information asymmetry? This is information asymmetry! There will always be more opportunities to develop in backward areas, just like foreigners coming to China to do business and make money! We can't give up all the market to foreign companies. We should make as much money as possible while we can, so that we can have the opportunity to give back to the country in the future."
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