The real estate market and real estate have always been a good project for Qiao Feng to make quick money and make a lot of money.

From Hong Kong's real estate boom in the early 80s to a sharp fall and then to the real estate bubble after the Plaza Accord, Qiao Feng has grabbed a lot of benefits.

After that, Qiao Feng's eyes turned to the mainland, which was booming after opening up, whether it was the film and television industry or real estate.

If you want to say that the film and television industry and real estate in the mainland have really developed, it will be after the 21st century.

However, before that, there were times when the real estate in the mainland was also crazy.

This is Hainan's real estate bubble.

For the vast majority of Hainan people and those who participated in the Hainan real estate bubble in the future, that frenzy is an unbearable memory.

But it is undeniable that the start of the Hainan real estate bubble was perfect.

On August 23, 1988, Hainan Island seceded from Guangdong Province and became China's 31st provincial-level administrative region and established a special economic zone.

With the successful example of the Shenzhen Special Economic Zone in front of Zhuyu, Hainan, a small island of 35,000 square kilometers, has naturally become the "ideal country" for gold diggers from all over the country.

But Hainan is poor, the foundation is too weak, and there is a lack of development capital, what should I do?

Of course, it is like the beginning of Shenzhen, to policy, to support.

As a result, the special export policy, the open stock market, and the real estate policy have become the three major goals of Hainan.

Among them, because of the vast land and sparse population, the vast land has become the largest capital in Hainan, and real estate development has become a shortcut to making a fortune.

In the words of Pan Shishi, a real estate tycoon who successfully got out of the real estate bubble in Hainan, it was still dark when he came to Hainan by boat in 1989, and woke up the next day to find that 150,000 people had poured into the island overnight.

But this is far from the time for madness.

From 1988 to 1991, real estate in Hainan was basically stable at about 1,400 yuan per square meter.

But don't think it's a big price increase.

There should be a contrast to this.

You just need to know that the house price in Beiping, the imperial capital at that time, was only 995 yuan per square meter.

That is to say, since it was identified as a special zone, in just three years, the housing prices in Hainan have exceeded the imperial capital Beiping by a lot.

It is the imperial capital, and there are several places with the highest housing prices in the country.

But this is only a prelude to the skyrocketing real estate in Hainan.

When the chief designer made a speech in 1992 and proposed to speed up the pace of housing system reform, the effect of Hainan as a province and a special zone was finally fully released.

At its peak, more than 20,000 real estate companies appeared on the island, which had a total population of only 6.558 million.

The population of Hainan Province is evenly divided into one real estate company for every 80 people.

But these people, of course, these companies are not all for building houses, in fact, most of them are playing an ancient game of "drumming and passing flowers", and they are passing on land and pre-existing flowers.

Many real estate projects are advertised as soon as they get the construction approval, and the price has increased several times before the foundation has even begun. In a hot market, everyone thinks that there will be the last "fool" to take over.

In 1992, the real estate investment in Hainan Province reached 8.7 billion yuan, accounting for half of the total investment in fixed assets, and the real estate development area of Haikou alone reached 8 million square meters, and the land price soared from more than 100,000 yuan/mu in 1991 to more than 6 million yuan/mu.

In the same year, Haikou's economic growth rate reached a staggering 83%, another hot city in Sanya also reached 73.6%, and 40% of Hainan's provincial fiscal revenue came from the real estate industry.

According to the statistics of China Real Estate Market Yearbook (1996), in 1988, the average price of commercial housing in Hainan was 1,350 yuan/square meter, in 1991 it was 1,400 yuan/square meter, in 1992 it soared to 5,000 yuan/square meter, and in 1993 it reached a peak of 7,500 yuan/square meter, an increase of more than 4 times in just three years.

This price is much more than that of Beiping, on Hi.

Beihai City, Guangxi Province, across the sea from Hainan, is no less popular in real estate development.

In 1992, more than 1,000 real estate companies sprang up in this small city of only 100,000 people, and more than 500,000 speculators were stationed in Beihai from all over the country. After repeated handovers, the land approved by the government for tens of thousands of yuan/mu can be speculated to more than 1 million yuan/mu, and the land approved by the local government in a year reaches 80 square kilometers.

Anyone who sees that momentum will say crazy, absolutely crazy.

All those involved are making money and making big money.

Then after making money, I bought land, built a house, sold land, and sold off-plan.

However, at the craziest moment, someone saw the danger and left early, achieving a victorious escape.

Among them, there are Pan Shishi and their six gentlemen of Wantong, all of whom have become bigwigs.

It is rumored that Pan Stone used 5 catties of oranges to exchange Haikou housing construction data from the clerk of the Planning Bureau, and the result was shocking: dividing the area of Haikou housing construction by the permanent population, the average person could get 50 square meters of housing, and the per capita living area in Beijing at that time was only 7 square meters.

So Pan Shi realized that the bubble was coming, so he withdrew in time.

From coming to Haikou with more than 1,000 yuan to look for opportunities, to leaving the market with a net worth of 10 million, Pan Shishi has achieved a 10,000-fold increase in personal wealth.

Qiao Feng is not greedy, he doesn't want to be a thousand times over, after all, his investment volume is there.

And he doesn't want to just play the game of drumming and passing flowers, after all, his goal is too big, and if he also plays like this, the impact will be even greater when he leaves.

If you don't do it, the big leaders above will have a big opinion about him.

Therefore, Qiao Feng's goal is to take the land in a down-to-earth manner, build a high-end residence, and not leave a unfinished building before leaving.

In that case, even if he leaves early, people will have one less place to accuse him.

And Li Zhi suddenly proposed to siphon out the funds on Hainan real estate to prepare for the Dongdan Urban Complex Plaza project, which provided Qiao Feng with another idea.

That is to use the single project as a reason to leave Hainan.

In terms of the progress of the East Single Project, it basically takes two or three years from getting various approvals to moving the units and households on the front to the start of construction.

And this happens to be the craziest and most prosperous time of Hainan real estate, and it is also the time when it is about to collapse.

At this time, Qiao Feng sold Hainan real estate on the grounds of the single project in the east and transferred funds, and no one can say that he was aware of the latent crisis of Hainan real estate and sold the property at a high level to make a profit, and threw the mess to the local and national governments.

People will only think that it was his luck that lit up the lucky skills.

Thinking of such a proper and reasonable reason, Qiao Feng didn't need to say how happy he was, so he hugged Li Zhi and kissed him fiercely.

Li Zhi was kissed inexplicably, but this did not prevent her from subconsciously giving a warm response.

Outside, two simple children are watching TV, and inside the house, a simple man and woman are banging into each other.

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