Chapter 949: Real Estate Heat and Bubbles
Wu Xiaozheng didn't care about the life or death of Zhengzhou Asia.
As for him, he never saw Asia as a real competitor, and even he didn't take Asia seriously at all.
However, in his heart, he wished that Asia would have the problem of breaking the capital chain earlier.
It's not that he's not kind, but that Wang Suizhou's impression on him is really bad.
He was wondering if Asia really fell, should he take over the industries of Asia?
He immediately shook his head.
The level of those industries in Asia is a little too low, and it is completely inconsistent with Zhengjia's plan.
He was reminding himself that in the past two years, he must pay attention to the problem of the capital chain, otherwise Wu's enterprise will also have big problems.
Wu Xiaozheng is still trying to recall the content of the 16 articles of the country.
He quickly thought of another very important one.
The real estate fever and the bursting of the real estate bubble.
If so, 1992 was a watershed in the history of China's development, then 1993 was a watershed in the development of the real estate industry.
Wu Xiaozheng remembered that in later generations, people positioned the coordinates of the starting point of China's property market in 1987.
That year, on the edge of the South China Sea, the newly formed city of Shenzhen prepared an inconspicuous land auction to raise money for the development of a special zone. At the meeting, the first piece of land in New China was sold.
It was that humble auction that officially kicked off the market-oriented development of China's real estate industry.
The auction in Shenzhen also affected another place, that is, Hainan, which was established as a province in 1988.
Since 1988, Hainan has been a hot spot for China's development, with a large amount of capital pouring into it to start real estate development.
In just five years, the price of real estate in Hainan soared from 1,350 yuan/square meter in 1988 to 7,500 yuan/square meter in the first half of 1993, and the land price also climbed from hundreds of thousands of yuan per mu in 1991 to a maximum of more than 6 million yuan/mu now.
But for China's property market, except for Hainan, a bubble land, the real large-scale development was in 1992.
In 1992, the spring breeze of the southern tour opened a new wave of China's reform and opening up, and the real estate boom was even more wavering.
Wu Xiaozheng set his sights on statistics again.
According to statistics, in 1992, the number of enterprises engaged in the real estate industry increased by 4.5 times from 3,700 in 1991 to 17,000.
Other data more realistically reflect the wave of the real estate boom.
In 1992, the national real estate development investment increased by 117 percent over the same period in 1991, and local real estate investment generally increased by more than 50 percent, of which Hainan soared by 211 percent.
In terms of land, the amount and area of land supplied in 1992 were three times and 11 times that of the land sold nationwide in 1991 and before, respectively.
In this year, a large number of heavyweight real estate companies came into being, such as Country Garden Group, Agile Group, Poly Real Estate, Hopson Development, Greenland Group, Jianye Real Estate, Huafa Industry, Baoneng Group, Financial Street, Peking University Resources, and TEDA Shares......
These real estate companies that will gallop in China in the future all appeared on the stage of history in 1992.
Wu Xiaozheng knows that the watershed of the real estate boom is coming soon, and the time is this summer, with the introduction of the 16th National Article.
The reason why he is so sure of this is because of the bursting of the real estate bubble in Hainan.
Hainan's real estate bubble is also a well-known classic case in the business world in later generations.
A case about drumming and passing flowers.
Hainan's current real estate industry is really crazy.
It is said that up to now, nearly 20,000 real estate companies have gathered on the small island of Hainan.
Just a few days ago, Wu Xiaozheng heard the story of an outbreak.
Last year, a company bought more than a dozen villas from another company for 2,800 yuan per square meter, and in less than a week, they changed hands at a price of 3,400 yuan per square meter, and in just a few days, millions of yuan came in.
And such stories are still happening every day on Hainan Island, and the price of real estate has soared to nearly 7,000 yuan per square meter.
The story of this drum beating and passing flowers continues, and more than two months later, the 16 articles of the country are the password to stop the drumming.
And the moment the drum stopped, the person who was still holding the real estate in his hand became the last pick-up man.
With the case of Hainan's real estate bubble, Wu Xiaozheng finally recalled the part related to real estate in the 16th National Article.
Termination of listing of real estate companies.
Full control over the investment of bank funds in the real estate industry.
Strictly investigate real estate bag companies that have false capital injections and do not have financial strength.
……
Wu Xiaozheng remembered that it should probably be these.
After the promulgation of the 16th National Article, due to the sharp contraction of the national credit scale, funds were also withdrawn from real estate, and the real estate boom fell in response.
Among them, Hainan is the most affected.
After the real estate fever in Hainan quickly subsided, a large number of receivers' capital chains were broken, and a large number of high-priced houses that could not be sold were backlogged in hand, but they owed a huge amount of money and had to choose to jump off the building.
In the next few years, there are many people in Hainan who have lost money because of property speculation, and many people choose to jump off the building.
This also left a serious sequelae for Hainan.
Because of this emergency regulation, Hainan Province, which accounts for only 0.6% of the country's total population, has left a backlog of commercial housing accounting for 10% of the country.
Because of the regulation, the bad debts of the four major state-owned commercial banks in Hainan real estate projects reached 30 billion yuan.
……
This information is really important to Wu Xiaozheng, which is closely related to the development of Grandview Group.
Because of the real estate boom, after the Spring Festival this year, land in many parts of the country is soaring, and the four projects of Grandview Group in Beijing, Shanghai, Guangzhou and Shenzhen have reached an intention if they have not reached an intention a year ago, and it is likely that the price of land acquisition will rise sharply.
Fortunately, Grandview Plaza is not a simple real estate project, but a commercial project that can drive regional economic development, which makes local governments not regret the project.
However, if Grandview Plaza wants to develop new projects, the cost of land acquisition is estimated to be much higher.
The development of new projects must be suspended!
Wu Xiaozheng quickly made this decision.
As a person who has come over, he knows that once the 16 articles of the country are introduced, the real estate fever will cool down significantly, and it will soon return to its original track.
Wu Xiaozheng believes that once the real estate fever cools down, land prices will not be as crazy as they are now in a few years.
With the current strength of Grandview Group, after the five major projects are won, it is indeed time to stop, consolidate and digest the existing chain system first.
The reason for stopping for a moment is to make greater strides in the future.
Because of Article 16, there is another thing that is very affected by the real estate industry, that is, the price of building materials.
So far, the price of building materials such as steel and cement has risen by at least 30% compared with the same period last year.
Wu Xiaozheng knows that once the real estate is hot and cold, in the case of oversupply, the price of building materials will generally fall.
Perhaps in the next two or three years, the price of building materials is likely to fall to the lowest point in recent years.
Perhaps this is the only product that is not very affected by inflation and inflation.
In terms of the procurement of building materials, Wu Xiaozheng felt the need to remind him of something to re-plan.
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