At the end of 1991, Qin Weidong finally called Chu Yu and excitedly told her:
"Prices have gone up! Land prices have gone up!"
Chu Yu was sleeping in Dai Donglin's arms when Dai Donglin, annoyed by his noise, tossed the mobile phone aside. Chu Yu could only pick it up again and ask gently, "How much has it gone up?"
"It's gone up by half! From 1,400 to 2,800! All our land plots have doubled in price. Real estate developers in Nanhai are getting more and more restless. Everyone's like they've gone crazy! They're asking about buying and selling land and houses as soon as they meet. Even the street vendors are discussing real estate! More and more real estate companies are coming to Nanhai. Everyone's saying that real estate in Nanhai will rise to 3,000 this year! Breaking the 3,000 mark!"
Chu Yu scratched his head. "Really?"
In 1991, the price of real estate in Nanhai broke through 3,000 yuan, but the price of A-shares has been hovering around 3,000 yuan for decades!
Qin Weidong was overjoyed, thinking that Chu Yu truly lived up to his reputation as a fortune teller. He excitedly said, "Let's take advantage of the rising land prices and sell all the land we have! Chu Yu, with all this land we have now, we can make over a billion just by reselling it! Then, everyone will get a share of the money, and everyone will have plenty to eat! What do you think?"
Chu Yu's business was slow: "Fine, you sell your land, and Mi Fei, Xin Yicheng, and I will continue."
Qin Weidong was taken aback. "The price has doubled, and we're not selling the land?"
"What land are you selling? It's only doubled in value. Keep an eye on it and continue buying land according to the plan. By the way, don't always use one company to buy land, just in case we get targeted. We've registered more than a dozen companies. While a large number of real estate developers are flocking to the South China Sea, we'll also get in and acquire the land we want."
"Then what?"
"Then continue to wait!"
"Waiting? Waiting for what?" Qin Weidong couldn't understand. The policies in Nanhai were very good, but the price of one square meter was being driven up to two or three thousand yuan, which was higher than the housing prices in the central area of Beijing. Nanhai was a small fishing village that relied mainly on tourism. How could Nanhai have such a large purchasing power? Who would buy these houses?
Qin Weidong isn't stupid; similar things have happened in the United States before. But facts have proven that developing real estate in tourist areas is doomed to failure! These real estate projects are bound to collapse sooner or later!
Qin Weidong's entire fortune is in the South China Sea. If the South China Sea collapses one day, Qin Weidong's life will have been for nothing!
Qin Weidong really felt that Chu Yu didn't need to take the risk. Everyone knows that making money is important, but being able to withdraw in time is even more important. Chu Yu said he wanted to wait, but he needed to be given a standard. What level, what time, and when would they stop waiting and withdraw from this game?
Chu Yu couldn't give a complete answer to Qin Weidong's question. Chu Yu's judgment of the period wasn't based entirely on his past life's experience or the history of the South China Sea.
“Actually, it’s not like there’s no way to tell,” Chu Yu pondered for a moment before replying, “Qiao Dazhuang told me something a few days ago.”
Qiao Dazhuang is a member of the Chinese Chamber of Commerce and runs a freight business in Nanhai. He is the largest freight forwarder in Nanhai and Shenzhen. Qiao Dazhuang's business is doing well. He has had dinner with Qin Weidong a few times, and Qin Weidong knows his name.
Chu Yu thought for a moment and continued, "We can judge the state of the South China Sea market by two standards. One is to look at the cargo transportation in the South China Sea. If there is overproduction, the cargo transportation business in the South China Sea will be very good. Cargo ships will never stop running. Qiao Dazhuang will not have time to eat or sleep. Even if he wants to take a break and go home to sleep, he will be dragged out and asked to rent a ship from him! This shows that the situation in the South China Sea is very optimistic and is not as bad as you and I think for the time being! The same is true for Pengcheng. Although the economy of our country seems to be sluggish, it is actually still on the rise."
Chu Yu's argument was reasonable and well-founded, and Qin Weidong could not refute it.
Qin Weidong lit a cigarette. On the other end of the phone, Dai Donglin grumbled, seemingly very dissatisfied, and pulled Chu Yu back several times, telling her not to make the call.
Qin Weidong was furious. "Dai Donglin, are you done yet?! You're a grown man, if you're so capable, don't cling to women! Stay away from our CEO Zhou, okay? Don't block our CEO from making money!"
Dai Donglin sneered and slammed down the phone.
Chu Yu blinked, and he blinked back; the two looked at each other in silence.
Dai Donglin rolled over, and Chu Yu silently picked up her mobile phone and continued calling Qin Weidong. Qin Weidong was so angry that he wanted to challenge Dai Donglin to a duel, but Chu Yu was too lazy to deal with these two childish guys and continued:
"Secondly, look at the data for Nanhai, such as the average living space per capita. You can find this data from the relevant departments. How many more real estate companies have emerged in Nanhai? How many more speculators have appeared? What is the average living space per person? Through this data, you can analyze the overall situation in Nanhai. In my opinion, Nanhai is far from reaching its peak! This peak will come sooner or later, perhaps due to a certain policy or a certain speech. Before we reach the turning point, you don't need to worry at all! Follow our plan, secretly buy and sell land, and then complete the residential areas we are building!"
Qin Weidong was taken aback. Chu Yu was full of confidence and handled the situation with ease, which was something Qin Weidong did not possess.
Qin Weidong was about to go crazy. Chu Yu had no idea how painful it was to be alone in the South China Sea. If he wasn't called back soon, he would become a wax figure in the South China Sea, guarding its real estate industry.
"Are you sure we don't need to back out? Chu Yu, let's know when to quit while we're ahead."
Chu Yu smiled. "I'm not quitting! The game has just begun. I've been planning this for years. If I quit now, Qin Weidong, do you know what it feels like to have your stew overturned and end up with nothing? That feeling is awful, and I don't want it. I want to get that money! Think about it, I'm a conscientious and responsible real estate developer. The houses I build are of very high quality; I've never left a project unfinished. If I don't go out and make money, and instead let those dabbling people in, this market will probably descend into chaos!"
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