Ji Kai's uncles are also wealthy, and one of his uncles lives in Hong Kong. He thinks that if he could pool the family's funds, he could come up with the several million yuan for development.
Chu Yu nodded. Crazy young people all yearn for the South China Sea, where gold is everywhere. Chu Yu wants to make money, but he can't stop others from making money, can he?
"To be honest, if you don't have much money, I don't recommend you go into development. You could buy a few more plots of land, hold them for a year or two, and then sell them when the land price goes up. That way, it won't interfere with your business. You can still continue selling curtains in Vancouver. In Vancouver, you just need to be patient."
In Ji Kai's view, to do physical business, you have to see the products.
I always feel uneasy if I only buy land but don't build a house.
“Actually, selling land is the same as selling houses. Why do you think house prices will rise?” Chu Yu smiled and explained to him when he didn’t speak. “You think house prices will rise in the future and want to develop real estate, but the logic behind rising house prices is the rise in land prices. Since land prices are rising, your land will also be more valuable.”
However, this was just Chu Yu's suggestion; how to proceed was up to Ji Kai himself.
Ji Kai took her words to heart. After returning home, he contacted his relatives and friends and told them about his desire to go to the South China Sea to seek his fortune.
Ji Kai has never married and still lives at home. His parents think this decision is crazy, but one of his uncles cut to the chase: "Are you itching to make money because you saw your friend making money?"
Ji Kai smiled. He did see that Chu Yu had made money, but ultimately he didn't want to do the curtain business for the rest of his life.
It's actually quite boring for a grown man to do this little business at home every day.
Just a few years ago, Chu Yu was still selling goods at a street stall; now he's transformed into a real estate developer.
They not only have real estate businesses, but also clothing chain stores, skincare companies, and film and television companies. Ji Kai wondered why he couldn't do the same if they could grow so quickly.
Life is full of endless possibilities, isn't it?
His parents didn't think he was cut out for this, but his uncles didn't say anything. Recently, news about gold rushes in the South China Sea had been spreading everywhere, and they had heard about the overnight riches in the South China Sea, so they also felt that there were many opportunities there.
They're too old to go out and explore. If Ji Kai could do this, he might actually be able to do it!
Besides, it's only a few million dollars. If it's divided among everyone, each family only needs to contribute a few hundred thousand. Take a chance with a few hundred thousand, and you can turn a bicycle into a motorcycle, and a motorcycle into a Mercedes! What's wrong with that?
Chinese people tend to follow the crowd when buying houses.
Houses are selling well, and people are flocking to buy them.
Houses aren't selling well; even if you pay extra, nobody will buy them.
Many people buy houses to make money, and few actually want to live in them. The arrival of the Vancouver buying group gave Huachu Future a chance to breathe and also heated up the real estate market in the entire South Sea.
The leaders of Nanhai, other real estate companies that were waiting to see what would happen, and the local people did not expect that the Nanhai real estate market would be so hot, with hundreds of millions of yuan coming in overnight. What does that mean?
The real estate market in the South China Sea is practically a walking money tree! It's a gold mine!
The news spread throughout the industry, and within just two months, dozens more real estate companies appeared in the entire Nanhai area, with an increasing number of companies coming to investigate.
At this point, Chu Yu had already used 100 million yuan from the Wenzhou real estate speculation group to pay part of the bank loan, part of the contractor's fees, and also to buy four plots of land.
"Why are there four plots?" Chu Yu frowned. "Why wasn't plot number 7 bought?"
Qin Weidong's expression was also grim. "Plot No. 7 has been bought. We were careless. We thought no one was competing with us, so we offered a relatively low price. Who knew the other party would offer a higher price, and they bought it!"
"Which real estate company is it?"
This was precisely why Qin Weidong looked unwell; the other party was from Pengcheng and was an old acquaintance.
Guess who it is?
Chu Yu remained silent for a moment, her mind racing, and finally concluded: "Is it the company we encountered at the Pengcheng land auction?"
"That's right! When the other party gave the bottom price, you directly added hundreds of thousands and snatched the land that they were determined to get. They may have held a grudge, and recently they came to the South China Sea to specifically oppose us. Whichever piece of land we auction, they auction it off. Fortunately, our people are not to be trifled with either, and in the end, only one piece was intercepted by them."
Chu Yu hadn't expected the other party to have such a keen sense of smell.
She knew that the real estate market in Nanhai would be booming because of her experience from her past life. But how did this person know the reserve price of land in Pengcheng and how did she know that Nanhai was a goldmine?
Chu Yu felt that this person was not simple.
"Where is the other person from? What's their name? Have you checked their background?"
Qin Weidong had investigated this behind-the-scenes boss before, but didn't find anything substantial. This time, he had someone investigate again and heard that the person's name was Cheng Yuandong, the CEO of Yuandong Group, which was also the company that was auctioning the land.
Chu Yu thought this person was a bit strange, so she asked Qin Weidong to help investigate further.
"Since we didn't get Plot No. 7, we'll just get other plots. Huachu Future already has 14 plots of land, and we're almost 1989. Huachu has plans to acquire more land next year, so we don't need to go against them. We just need to hold onto our land tightly and wait for the market to improve."
Qin Weidong nodded and then asked a few friends with connections to investigate Cheng Yuandong.
Upon investigation, it was discovered that Cheng Yuandong was quite mysterious.
"He was just an ordinary young man who lived with his uncle and was often beaten and scolded by his aunt. His grades were also average. Later, he worked hard and his grades improved. He had good foresight and started doing small business outside of school. He started by setting up a stall and gradually built it up. Later, when he had enough capital, he went to Shenzhen to auction land plots and then came to Nanhai."
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