July 1993

"Jia Lei's house prices and land prices outside are now one price a day, which makes me tremble, and I don't know how long the house prices in our wholesale city can last. Ah Fei said in Jia Lei's office.

"Please, don't turn around, you're making me dizzy?" Jia Lei said, pressing his temples.

"Why aren't you in a hurry at all? Some places outside have already dropped half of the house prices, and there are already many merchants in our wholesale city clamoring to check out. Ah Fei said anxiously.

"Does anyone want to check out? Then let him check out! Whoever wants to check out, I will buy the shop back at the original price as promised in the original contract, and you tell them to go to Jinshan to register. Jia Lei said indifferently.

"Check out? Jia Lei, did you take the wrong medicine? Our houses have been sold, why do you still want to check them out? Don't you see how much the house prices outside have dropped now, if they really leave the house, we will lose a lot!" Ah Fei asked in disbelief.

"Actually, Brother Fei, you don't have to take the fall in housing prices too seriously, in fact, office buildings like our wholesale city and Nanyang Building, which have been opened and used, have not dropped much, right?

The houses outside that have dropped half of the price are the kind of unfinished buildings that have not been built, and the houses in good locations like ours have not dropped their prices at all!

What's more, our business here is so good, many people can't rent our shop recently, if they really quit the house, it will be cheaper for me. Jia Lei said with a smile.

"Oh, Jia Lei, aren't you really worried about the housing prices in our wholesale city falling at all? I don't understand, why do you want to return the money you have got?" Ah Fei asked in disbelief.

Li Ka-shing, the richest man on Hong Kong Island, once said that the factors that determine the value of real estate are, first, location, second, location, and third.

Let me tell you, with the unique geographical location of our wholesale city, the housing prices here will only rise in the next 30 years, not down!" Jia Lei said with special certainty that this place is so close to the port that it is enough for them to be busy just receiving tourists every year.

"Jia Lei, when did Li Ka-shing become the richest man on Hong Kong Island, why haven't I heard of it? Isn't the current richest man on Hong Kong Island Lee Shau Kee?" Ah Fei asked puzzled.

"Look at my brain, I have confused the future with the present......! That's it, you know?" Jia Lei said helplessly.

"Oh...... But speaking of the richest man, the richest man on our island is probably in trouble this time.

You also know that most of the assets in his hands are land and real estate, and he prefers land and real estate, but there are not many, this time the land price plummeted, and our richest man on the island suffered a big loss. Ah Fei gossiped.

"Oh, what's going on, can you tell me?" Jia Lei asked gossipingly

"Our richest man on the island is a strange man, the price of land has fallen to this extent, and he still refuses to sell the land in his hand. I heard that many people persuaded him to sell the land they had, and he got angry and threw them out. Ah Fei gossiped.

When Jia Lei heard Ah Fei say this, he also remembered that the richest man in China at this time in his previous life was planted on the land of the island, and he was planted with Li Shufu of the famous Geely Automobile.

With the sharp drop in the price of land on the island, this man named Xian Duxin fell from the richest man in China to the richest man on the island year by year, and then fell to the first loss, and then 20 years later, he became a billionaire again with the rise of the island real estate industry.

Overall, the life of the former richest man is still very legendary and dramatic!

In the 80s, he poured wood, sold vermicelli, and was even arrested and imprisoned in the Public Security Bureau for illegally selling agarwood.

Later, after he was released from prison, he earned his first start-up capital by contracting stones for construction projects, and then opened a plastic factory and other factories to do business, and it started little by little.

At the end of the 80s, the island took advantage of the time and special policies, and suddenly became a paradise for smuggling cars, and the richest man on the island, Xian Duxin, joined the carnival of smuggling cars on the island, and earned his first 1 million at once.

Later, the island began to strictly investigate smuggled cars, and Xian Duxin was afraid of being arrested again, so he hid, and in the three years since he left the island, Xian Duxin drove his own Mitsubishi car, and traveled to Yunnan, River Nan and Hu Nan to do business.

He has sold monkeys, smuggled watches, from the tobacco business to reselling fertilizer, as long as there is money to be made, he will do anything, and it is in these years that he has met the love of his life.

One day in the second half of 1987, Xian Duxin suddenly heard the news of the establishment of the island province on the radio, and he knew in an instant that his opportunity had come, and then he resolutely returned to the island again.

After returning to the island, Xian Duxin successively opened an electroplating factory, a medical flavor factory and an import and export company. Later, Xian Duxin also registered and established Tenglong Trading Company, which eventually achieved his status as "the richest man on the island", and entered the real estate industry with shit luck.

In 1988, during a chat, Xian learned that the Shantou company had a piece of land in Sanya to carry out real estate development, and the project numbered "120" was the first land development project in Sanya.

With the sensitivity of a businessman, Sin firmly believes that behind the unfamiliar concept of "real estate development" there must be huge business opportunities.

So he took the initiative to go to Sanya with the people of Shantou Real Estate Company to inspect the project, and the results of the inspection made Xian Duxin realize that real estate may be a more profitable business than reselling cars.

So he decided to enter the real estate industry and became the first person on the island to eat crabs!

The island's first real estate project, the "120" project, is located on Xihe West Road in Sanya, and after negotiations with the Shantou company, Xian Duxin has obtained the right to cooperate with the other party to develop the project, as long as he can come up with a deposit of 4 million yuan for the project, he can own 25% of the project's shares.

But the 4 million project deposit almost made Xian Duxin miss out on the richest man on the island, because he didn't have so much money on hand at all.

But as a native of the island, Xian's strength lies in his vast network of connections on the island, which is not available to developers who come to Hainan from other places.

Xian believes that he has made a lot of contacts over the years in business, so he managed to get a loan of 20 million yuan from an investment company under a financial institution.

It was a normal scenario for the story to develop, but it was a pity that in 1989, a sudden political turmoil put the fledgling island development zone into a dilemma, and many development policies stalled.

The roof leak happened to rain overnight, and after suffering a man-made disaster, the island encountered natural disasters, and the island was hit by three strong typhoons in succession that year, and the whole island was in shambles.

But it was this sudden natural disaster that allowed Xian Duxin to get his own protagonist script.

Xian Duxin initially only owned 25% of the southern section of Xihe West Road, but in the chaotic situation of natural and man-made disasters, the Shantou company that developed the northern section of the road with him was ready to withdraw from the real estate project.

At this time, instead of listening to the dissuasion of his friends to stop the development, Xian Duxin went against the tide and spent more than 6 million yuan he earned this year to eat up the entire "120" project.

This practice was regarded by almost everyone at the time as a "big gamble", and it was certain that he would definitely lose!

But Sin disagrees with this statement, on the one hand, he has his own views on the island's real estate market, and on the other hand, he has to do so.

First, Xian believes that this land is located in the center of Sanya, and as long as the island is developed, this land will definitely be able to make a lot of money

Second, he has invested more than 50 million yuan in the "120" project, of which 20 million is still a loan.

If he lets go at this time, then the previous investment of 50 million will be wasted, and after weighing it again and again, he feels that he should take a risk.

Doing business pays attention to the right time, place and people, Xian Du believes that all three things were accounted for at that time, you must know that the 120 project is the first real estate project on the island.

With the usual thinking of the Chinese government, everything is as new as it appears, and it must be a model for the first time!

At that time, the Sanya municipal government was particularly afraid that Xian Duxin would run away, because Xian Duxin's first real estate project in Sanya would be yellow.

To this end, the Standing Committee of the Municipal Party Committee and Deputy Mayor of Sanya at that time personally took charge, serving as the head of the 120 Project Command Department and the Director of the Urban Construction Bureau as the deputy commander, and the government worked together to help Xian Duxin complete the project.

In this way, Xian Duxin undoubtedly tied himself to the government, and the full support of the island government became the biggest bargaining chip for Xian Duxin's turnaround.

Later, with the political stability in 90 years, the island real estate began to gradually heat up, and the 120 project in Xian Duxin's hand was worth a lot of money!

In 1989, the land price of the island was only 300,000 yuan per mu, and in 1992, the price of an acre of land on the island had risen to more than 2 million yuan, and in 1993, the land price of the island had exploded to 6.5 million yuan per mu!

At this time, Xian Duxin believed that the big gamble that was recognized back then had finally won big, and he sold part of the land of the "120" project, and made more than ten times more money at once.

Next, Xian Duxin used the money he earned to buy land around the island, and at most he held about 5,000 acres of land in his hands, with a total value of more than 1 billion yuan according to the land price at that time.

In this way, in 1993, Xian Duxin became the richest man on the island, and if it weren't for Jia Lei, he might be the richest man in China now.

At the beginning of 1993, Xian Duxin was even elected as a member of the National Political Committee, becoming the first national political committee member in the province of the island other than a government official.

Xian believes that the relationship with the government department is so good, and he naturally got the news when he was ready to take action in the face of the island real estate bubble.

In March 1993, Ma XX, then the president of the island branch of the People's X Bank, approached Xian Duxin and told him that there were currently 20 provinces where banks were short of funds, and the central government was likely to tighten the monetary system, so he should be prepared.

Please remember that the first domain name of this book is .. m.