Housing prices don't rise indefinitely; they rise in a fluctuating manner.
But it's only just begun, and the upward trend is still a long way off.
Chu Yu smiled and asked Mi Fei, "What would you think if I told you that real estate prices in Beijing could exceed 50,000 or even 100,000?"
Mi Fei almost jumped up. "What can I think? Fifty or one hundred thousand per square meter? I need to ask you what you're thinking. No matter how rich our country is, it won't be that rich. With houses so expensive, where will ordinary people get the money to live? Even emptying six wallets wouldn't be enough to buy one!"
Chu Yu smiled. Indeed, there are many people who can't afford it, but there are also many who can.
In his previous life, Chu Yu bought several houses in Beijing after starting his company.
The most expensive opening price was over 100,000.
Houses are so expensive, yet everyone wants to buy one.
No matter how good something is, it will fall back after it reaches a certain level. This is a natural law and a market law. Housing prices will not rise indefinitely. But it's only 1989 now, and there are still decades for Chu Yu to gradually become familiar with this game.
It's only just begun, why are they already predicting the downfall of the real estate market? In Chu Yu's opinion, what these newspaper commentators are saying is quite sincere; they are all real estate experts, but no one is as enthusiastic about buying a house as they are.
They say they don't want to buy a house, but everyone owns a lot of property. It would be really foolish to listen to them!
Chu Yu wanted this land, and soon found out that Cheng Yuandong also wanted it.
Mi Fei and Qin Weidong were both a little angry. They didn't cause trouble for Cheng Yuandong, but Cheng Yuandong kept stirring up trouble. How could this be!
This land was to be auctioned. Having had experience with the auction in the South China Sea, Chu Yu didn't feel too much about the land auction in Beijing. On the day the auction started, she went in a suit and saw Cheng Yuandong sitting in the front seat from afar.
The staff arranged for Chu Yu to be to Cheng Yuandong's left.
There was one seat between the two.
As soon as they sat down, they attracted the attention of everyone in the room. At present, China's real estate industry is just starting out. Everyone in the industry knows that there are two legends in the real estate industry. These two people are truly crazy!
They keep acquiring land and holding auctions, buying land like it's cabbage, without even blinking an eye.
One is Huachu Future, and the other is Far East Group, where Cheng Yuandong works. The actions of these two companies have attracted much attention from industry insiders.
It is said that the Far East Group originated in the port city. Cheng Yuandong's rise to power is particularly legendary. He doesn't know which powerful tree he relied on, but his life has been like a roller coaster ride. He quickly developed from a student living under someone else's roof in the county town into a business tycoon.
He was truly a legend.
And another one is even more legendary than the legend.
The future boss and person in charge of Huachu is actually a woman! A young and beautiful woman at that. Not only is she young and beautiful, but she also has charisma, ability, and connections! This woman is also the person in charge of Mandarin, and owns several companies.
It's fair to say that these two bosses are the focus of attention wherever they go in the industry, let alone when the two company bosses are sitting together.
Well, as expected of a nation!
In most situations, when encountering such competitors, the two would be seated separately.
The Beijing municipal leaders, on the contrary, arranged for these two competitors to sit together, seemingly unconcerned that they might start fighting!
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