Entering 1992, the real estate market in Nanhai became increasingly frenzied. Chu Yu watched as a building he had developed the previous year, named Changrun Building, was sold to someone else and then quickly sold three times by a second buyer. This second buyer made 3.5 million yuan in just a few days!
After the second buyer sold the property, the third buyer saw that he had made too much money. What was the purpose of buying the building? Wasn't it to make money? But he didn't even make as much as he did selling apartments off-plan. So, the third buyer felt unbalanced and also wanted to sell his apartment. He increased the price by 100 yuan per square meter and sold it to someone else, making a profit of 2.9 million yuan!
Seeing how the first, second, and third sellers were behaving, the fourth buyer started to feel resentful. They thought, "I worked so hard to earn money, but you guys made so much money just by reselling it. What use is this building to me? I might as well sell it to someone else while the market is good!"
So the four buyers made a profit of 3.2 million by reselling!
After the fourth buyer sold his property, the fifth buyer felt that it would be foolish not to sell. Moreover, the real estate market in Nanhai was crazy, and everyone knew that this game of musical chairs was not over yet. Since so many people were willing to wait and rush to buy houses, why not sell the house at a high price? Even if he didn't make that much money, he could still make a small amount. So he added tens of yuan per square meter to the price and sold it, eventually making a profit of 1.97 million yuan!
This building was sold several times. In 1992, at the beginning of the year, it was sold twice more, and the price increased by several million.
It's important to know that 1992 was a special year; in that year, property prices in the South China Sea skyrocketed.
Changrun was a building developed by Chu Yu. She made a fortune herself, and then the group of people who came after her made a fortune as well. But Chu Yu was not envious of others because she was making money in other places and earned even more money by selling the Changrun Building.
But just then, Zhou Jian'an appeared!
Zhou Jian'an also joined the game of musical chairs at Changrun Building!
"Zhou Jian'an!" Chu Yu couldn't help but laugh when she saw his name. "He joined in too?"
As soon as Qin Weidong saw Zhou Jian'an come in, he told Chu Yu. He knew that Chu Yu and Zhou Jian'an did not get along, but Zhou Jian'an was, after all, Chu Chu and Chu Yu's father. If the two girls still had feelings for their father, Qin Weidong was afraid that he would not be able to handle it well.
“He seems to have several companies under his control. One of them wants to take over Changrun Building. As you know, Changrun Building has been resold several times. The floor price has risen from 1,700 yuan when we sold it to nearly 2,500 yuan. Zhou Jian’an wants to take over Changrun and then sell it.”
Although Changrun was just a project of Chu Yu's from the past, it doesn't mean she wouldn't know about Zhou Jian'an.
Chu Yu is a strategist, and strategists must be well-prepared for anything they do. There's no news in the entire South China Sea that she doesn't know.
Chu Yu knew that Zhou Jian'an had made a lot of money from those two plots of land. Zhou Jian'an was smart and had a low moral standard. These days, there are many loopholes in contracts and policies, and Zhou Jian'an knew how to exploit them and how to make money from banks.
Therefore, he quickly accumulated wealth, and even though his income was far less than Chu Yu's, he still earned more than 30 million in the South China Sea.
This is quite good for a newcomer!
"He plans to acquire Changrun Building for 2,500 yuan per square meter. You do the math. If he takes it all, it will cost him a lot of money. But if he's lucky enough, he can make 10 or 20 million yuan just by reselling it. You know, the market in Nanhai has been a bit crazy lately! To be honest, after living in Nanhai for so many years, I still don't understand this place!"
Qin Weidong was deeply moved. When they first came to the South China Sea, there were no tall buildings. They built skyscrapers on the ground in small fishing villages. In less than four years, they built so many forests of steel and concrete in the South China Sea.
It's not that it's bad, but Qin Weidong is used to the sea breeze and still prefers the original, untouched South China Sea.
Back then, Nanhai was authentic, but now it's all tied to real estate. Qin Weidong sometimes feels exhausted. They can leave this huge operation intact, but what about all these unfinished buildings?
What about the local residents?
He can only ask himself to be a conscientious real estate developer!
Chu Yu calculated that if Zhou Jian'an wanted to acquire Changrun, he would need to come up with a lot of funds, conservatively estimated at 50 million. However, if he could come up with that money, Zhou Jian'an could make a profit of 20 million by reselling Changrun!
That's an astonishing figure.
The market is too crazy. Zhou Jian'an has money. Who among the wealthy doesn't want to get a piece of the pie? Who doesn't want a share? Chu Yu came to the South China Sea to pick up gold, but does Zhou Jian'an only want to pick up stones?
That's not true at all!
Zhou Jian'an also wanted to play the game of musical chairs and join in. Chu Yu let him join in, making him think that the game was under his control. Then Chu Yu used some tricks to teach him a lesson!
Chu Yu smiled. Zhou Jian'an didn't know that while she was the one who sold Changrun Building, her company was also involved in the subsequent sales and transfers. By getting involved now, Zhou Jian'an was essentially handing Chu Yu leverage over him.
"Let him buy it! Raise the price a bit. He has money, and he'll definitely agree to it in order to make money."
Qin Weidong thought to himself that Chu Yu was really ruthless; she could even bring herself to harm her own father.
However, kindness is not suitable for business. Chu Yu's personality is what a businessman should have. Otherwise, she would be crying and complaining about how badly her father treated her, crying and wanting his pity. Fortunately, Chu Yu is not that kind of person.
Qin Weidong sighed, feeling that Chu Chu had a tough time. With a father like that, it was no wonder she was so eccentric and difficult.
Changrun Building is currently in the hands of a company called Xiaoyao Company. This company acquired Changrun at a high price and now wants to sell it to make a profit. If Xiaoyao Company can successfully resell it this time, it can get 8 million yuan in cash.
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