Chapter 166: Real Estate Turmoil

The real estate information held by the Construction Bureau can better illustrate the difficult economic situation, after the real estate sales in Luannan District entered the fourth quarter, basically all the real estate could not be sold!

The people's expectations for price reductions are far greater than the expectations of price increases, and the real estate market has entered a cooling period of a buyer's market!

Not long after Jiang Xiaoxiao's decision was made, there were great difficulties in the sales of real estate, and the sales target of 40 percent proposed by Li Siyu was only more than half achieved!

However, fortunately, Jiang Xiaoxiao got a loan of 60 million from Luancheng Commercial Bank before the policy was completely tightened!

These are all due to the connections that can be accumulated in Nancheng Real Estate Company in the past few years, but Jiang Xiaoxiao also paid a high price to get the loan amount!

But at least Jiang Xiaoxiao can get through it, Zhang Hanyun and Li Siyu are doing the last 20% sales plan!

According to the overall strategy of Luancheng's development to the north, Li Siyu and Zhang Hanyun firmly believe that the houses in Luanjiang Garden will definitely appreciate, so the two of them also invested in a few houses in Luanjiang Garden at a very low price!

Other developers are not as lucky as Jiang Xiaoxiao!

The real estate pre-sale system binds developers and builders together, and one wins and the other loses!

Banks are also involved in the game of capital, but the banks at least have land as collateral, and the builders can only gamble on luck!

The dilemma of real estate sales is most directly transmitted to real estate companies and construction companies!

Many real estate companies plan not to pay the year-end bonus at the end of the year, and the worse situation is that some construction sites are unable to pay the labor cost of the labor company because the developer has not paid the progress payment!

In the end, the most caused was the incident of migrant workers asking for wages and the incident of home buyers checking out!

The Construction Bureau, as the competent authority of the industry, is not at peace in the first place!

Deputy District Mayor Liu Changfei has convened a meeting for several days to study the arrears of wages and the check-out incident!

The most prominent incident of arrears of wages is still the Nancheng Nanyuan project of Nancheng Real Estate Company, most of the funds of Nancheng Real Estate Company have been invested in newly started projects, and the arrears of wages of Nancheng Nanyuan have not been fundamentally resolved!

The Luannan District Government has been owing Nancheng Real Estate Company hundreds of millions of resettlement housing purchase money!

At first, Jang Songze thought about taking the initiative to solve the problem, but later he didn't bother to care, and whoever came to ask for a salary, he always said that the government owed money and went to the government!

The check-out event is even more common, from Luanjiang Real Estate to Nancheng Real Estate Company, and then to some small real estate enterprises, all facing a large wave of buyers checking out!

But after all, there is a paper agreement there, when the price of the house rises, I have never heard of the developer defaulting, and the people have stopped doing it after the price has been reduced, in the final analysis, there is still no spirit of contract!

The recent series of group visits are all related to real estate, but there are all kinds of real estate in every district, and Luanbei District is the most serious, because the new district has the most development projects!

Chen Deyuan is also very troubled by this, in the context of the big policy environment, the policy of one district can not improve the trend of the entire real estate industry at all!

Fortunately, the international bilingual kindergarten and people's primary school project in Luanjiang City are under construction as usual, bringing a breath of fresh air to the real estate industry in Luannan District!

The housing price of Nancheng Garden, where Chen Qiang is located, has fallen to the level of 2005, and if it falls again, many owners may be at risk of defaulting on their loans!

"Comrade Changfei, how is the real estate market in Luanan?" Chen Deyuan asked Liu Changfei!

"Secretary Chen, the environment is too bad, and it is difficult for Luannan District to stay out of it!" Liu Changfei said!

"In the second half of this year, the number of new starts, projects under construction, completions, and investment have all declined significantly, especially the sales volume is even more miserable!" Liu Changfei added to report!

"It seems that Luannan District needs to reduce its dependence on the real estate industry!" Chen Deyuan said!

"It's true, the real estate industry has developed rapidly in recent years, and all economic indicators are good, but once the real estate catches a cold, all indicators have fallen sharply!" Liu Changfei said!

"What kind of industries should be introduced in Luannan District to have sustainable vitality?" Chen Deyuan asked!

"There are some traditional manufacturing industries in Luannan District, but the proportion is not large, I think Luannan District should introduce modern service industries with high added value, especially electronic information, Internet and games, etc." Liu Changfei said!

"These Luannan districts don't have a foundation, it's difficult!" Chen Deyuan sighed!

"It's a good thing to have no foundation, a blank sheet of paper is more suitable for painting, if the southern new city can be divided into a modern service industry, there should be a chance!" Liu Changfei said!

"I've also considered this, but the modern service industry needs a lot of human resources, both Kochi personnel, but also industrial workers, and there is the issue of the sea access to the southern new city, you communicate with the city, and strive to put the southern gate of the city in the southern new city!" Chen Deyuan said!

"I've already thought about this, and I just communicated with the director of the Municipal Transportation Bureau some time ago, and I basically said it's okay!" Liu Changfei said!

"Well, it's a big deal, make sure it's implemented!" Chen Deyuan advised!

"By the way, if there is a real estate company willing to sell the house to the government as resettlement housing, you can buy more!" Chen Deyuan said!

"Ah, the money of the Nancheng Real Estate Company has not been paid yet!" Liu Changfei was surprised!

"Immediately let Nancheng Urban Construction Group issue two billion bonds, and we must seize the opportunity brought by the economic crisis!" Chen Deyuan said!

"This needs to be approved by the National Development and Reform Commission!" Liu Changfei said!

"I'll be responsible for this, and I'll discuss the specific details with Comrade Haichang!" Chen Deyuan said!

"Okay, I got it!" Liu Changfei didn't figure out Chen Deyuan's thoughts!

"By the way, inform Luanjiang Real Estate and let them speed up the construction of the international bilingual kindergarten and the people's primary school teaching building, and the school must open in the fall of 2008!" Chen Deyuan demanded!

"Okay, I'll contact Luan Zexiong right away!" Liu Changfei replied!

"Secretary Chen, what other instructions do you have?" Liu Changfei asked!

"You've heard about Xiao Liang!" Chen Deyuan suddenly changed the topic!

"I've heard some!" Liu Changfei replied softly!

"You help me pay attention to find someone who understands economics!" Chen Deyuan said!

"Oh!" Liu Changfei replied!

Liu Changfei left Chen Deyuan's office with apprehension!

The final assignment of Chen Deyuan should be the work of the director of the district party committee office, how could Liu Changfei find someone? Could it be? Liu Changfei felt that Chen Deyuan had other ideas!

Liu Changfei had heard of Secretary Liang's matter, but there was no substantial evidence, and it seemed that Xiao Liang's hope for promotion was temporarily gone!

Liu Changfei thought of his secretary Xiao Pan, Xiao Pan is still relatively honest, and he still has to strengthen management when he turns around to avoid accidents!

The next day, the Organization Department of the Municipal Party Committee came to inspect the cadres, and the candidate was actually Liu Changfei......