Chapter 583 A Narrow Victory in the Auction



Chu Yu turned around and exchanged a glance with Cheng Yuandong, who greeted her with a smile: "President Zhou, how have you been?"

Chu Yu smiled and said, "Very good. How about President Cheng?"

"Thanks to President Zhou, I'm doing very well too."

Cheng Yuandong flashed his signature smile. He felt that Zhou Chuyu's gaze towards him wasn't as intense today, as if she understood him better than before. He remembered that when they last met, Zhou Chuyu had been probing him with a lot of strange questions.

She also wanted to know his views on the future situation, but Cheng Yuandong gave a vague answer, and it was unclear whether he had met Zhou Chuyu's requirements.

Cheng Yuandong wasn't without opinions on the current situation; it was just that with Meng Hongrong in power, he had firsthand information. For example, regarding the land auction, Meng Hongrong knew the reserve price, and the rules and qualifications set by Meng Hongrong were so strict that you couldn't find more than three companies in the entire city of Beijing that could meet them.

In this situation, Cheng Yuandong doesn't need to do anything to get the bottom price right.

However, Zhou Chuyu's appearance made Cheng Yuandong uneasy. He felt that Zhou Chuyu's calm smile and confident demeanor made her seem like someone who couldn't be easily fooled.

"Did President Zhou come alone?" Cheng Yuandong asked his assistant.

"It was just her and her assistant; I didn't see anyone else follow."

Cheng Yuandong frowned. Logically speaking, Zhou Chuyu should not know about his affair with Meng Hongrong. In the business world, everyone keeps their cards close to their chest. Cheng Yuandong did not want to reveal his hand too quickly. Although Meng Hongrong held a high position, he was not without powerful connections. Cheng Yuandong did not dare to be careless.

Cheng Yuandong instructed his assistant to keep an eye on Chu Yu, fearing that the man might have some hidden tricks up his sleeve.

The assistant found it strange that Zhou Chuyu was so calm, saying that everyone was competing fairly, so why was Cheng Yuandong so wary of her?

But he couldn't say anything else and could only do as he was told. When he got to the door, he found a man who looked very intimidating staring at Zhou Chuyu. Even when Zhou Chuyu sneezed, the man became very nervous and wished he could rush in and carry her away.

This man...

He didn't seem like Zhou Chuyu's enemy, but rather like her bodyguard.

The assistant couldn't understand the current situation. He felt that both President Zhou and President Cheng were too tense. In this kind of situation, shouldn't it be whoever offers the right price win the bid? If President Cheng wants this land, he can only raise the price, and vice versa. If President Zhou doesn't want to give up this land, he will raise the price high.

If the two companies clash, the one with the higher bid will win the bid.

However, these days the government controls prices, and when prices are roughly the same, the government will step in.

Fearing that land prices would be too high, housing prices would also skyrocket. These days, the real estate industry is still in its initial trial operation stage, and the government does not want to take too big a step in the early stages.

Just like the auction in Pengcheng, there was also a person presiding over the auction, and she called out the starting price of 500,000.

"The bid will increase by 50,000 each time. Please raise your paddles to bid!"

At the start of the auction, many small companies actively bid, until the price exceeded 3 million. Some small companies began to falter and stopped bidding. At this point, companies that were genuinely interested continued to bid until no one bid at all, and the highest bidder won.

Cheng Yuandong's assistant was quite active in raising his paddle, but Chu Yu did not make a bid throughout the entire process.

Cheng Yuandong felt increasingly uneasy. Zhou Chuyu was too calm; she kept smiling and staring at the stage.

Every time Cheng Yuandong raised his sign, her smile would deepen.

She was like a master strategist, able to control the entire situation and know the next move. Her confidence and determination made Cheng Yuandong feel like a monkey in a zoo, putting on a serious show while being watched like a plaything.

It wasn't until Cheng Yuandong's bid reached 5 million that he couldn't help but turn to look at Chu Yu, "President Zhou, if you don't bid now, you'll miss your chance."

Chu Yu smiled, tapped her knee a few times with her fingers, and then nodded politely.

"President Cheng, you don't need to worry about me. After all, you don't have much time left."

Cheng Yuandong was stunned for a moment. Just then, his mobile phone suddenly rang. Cheng Yuandong had a bad feeling. Sure enough, Meng Hongrong's voice came from the other end:

"Give up the placard, don't make any moves recently, and don't contact me. I'll come to you."

Meng Hongrong hung up the phone after speaking.

Cheng Yuandong stared blankly at Chu Yu, who smiled and looked at his sign. "Mr. Cheng, are you going to keep raising your sign? If you don't, I'm going to."

Cheng Yuandong gave his assistant a look, and the assistant gave up holding up the sign.

At this point, Chu Yu smiled and offered the highest price. Without competition from Far East, Chu Yu naturally won the bid for the land without any issues.

She stood up, brushed off some nonexistent dust from her knees, and said with a smile, "Mr. Cheng, you flatter me."

After acquiring the land, Chu Yu began developing the residential community in full swing. This was her first community developed in Beijing. With experience from Pengcheng and Nanhai, and the support of designers from Gangcheng, Huachu Future was well-versed in the process and full of confidence.

It's not that Chu Yu is bragging, but in the current Chinese market, no other real estate company has the strength and confidence of Huachu Future. Maintaining one's original aspirations and quality in the real estate industry is no easy task.

According to Chu Yu's plan, construction of the residential area will begin soon.

The model rooms can be opened for visits after autumn.

Once the model apartments are open, pre-sales must begin.

Actually, Beijing had commercial housing a few years ago, but back then, buying a house required approval from leaders, and ordinary people simply couldn't buy one. Now that Beijing's real estate market has been liberalized, people who need houses will not give up this opportunity.

Qin Weidong was still worried. "If we can't advertise, even if we hand out flyers, we can't possibly get them to everyone, can we? The average salary in Beijing is only a little over one hundred, and a house costs sixty or one hundred thousand. Who can afford that? I'm telling you, you have to be prepared for a cold reception. Houses in Beijing aren't as easy to sell as they are in Shenzhen."

Qin Weidong was worried about how to sell these houses. We can't just buy land and build houses without taking care of the subsequent construction, can we?

Houses need to be developed, but even well-developed houses need to be bought, right?

Mi Fei wasn't too worried, thanks to Donglin Electric's sales figures in recent years. In 1989, Donglin Electric's sales doubled compared to usual.

On the one hand, prices have soared this year, currency has depreciated, people's wages have increased, and the cost of appliances is higher than before.

On the other hand, people have more money in their pockets. With higher wages and a better quality of life, they need to buy better appliances to improve their quality of life and make themselves more comfortable.

Mi Fei thought that 60,000 to 100,000 yuan for a house sounded quite scary, but China has a large population and you don't need a local household registration to buy a house now. You can buy a house anywhere. With such a big country as China, surely we can sell more than 500 houses?

Mi Fei really didn't believe in superstition.

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