No regrets ninety-two

Chapter 933 Real estate boom and bubble
Wu Xiaozheng didn't care about the life and death of Zhengzhou Asia.

For him, he never regarded Asia as a real competitor, and even, he didn't put Asia in his eyes at all.

But from the bottom of his heart, he wished Asia would have the problem of breaking the capital chain sooner.

This is not because he is unkind, but because the impression Wang Suizhou left on him is really bad.

At this moment, he was thinking, if Asia really collapsed, would he take over the industries of Asia?

He shook his head immediately.

Those industries in Asia are too low-grade, and they don't match Grandview's plan at all.

Instead, 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 contents of the Sixteen Articles of the State.

He quickly thought of a very important one.

The real estate boom and the bursting of the real estate bubble.

If so, 1992 was a watershed in the history of China's development, and then 1993 was a watershed in the development of the real estate industry.

Wu Xiaozheng remembers that in later generations, people set the coordinates of the starting point of China's property market to 1987.

In that year, at the border of the South China Sea, the newly established Shenzhen organized a humble land auction to raise money for the development of the special zone.At the meeting, the first piece of land in New China was sold.

It was that humble auction that officially opened the prelude to the market-oriented development of China's real estate industry.

The auction in Shenzhen also affected another place, which is Hainan, which was established as a province in 1988.

Since 1988, Hainan has been a hot spot for China's development, and a lot of money has poured into it to start real estate development.

In just five years, the real estate price in Hainan soared from 1988 yuan/square meter in 1350 to 1993 yuan/square meter in the first half of 7500, and the land price also rose from a few hundred thousand yuan per mu in 1991. It has climbed to the current highest of more than 10 million yuan/mu.

But for China's real estate market, except for the bubble land of Hainan, 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 turned his attention to statistics again.

According to statistics, in 1992, the number of enterprises engaged in the real estate industry increased by 1991 times from 3700 in 4.5 to 17000.

Other data reflect the real estate heat wave more realistically.

In 1992, the national real estate development investment increased by 1991% compared with the same period in 117, and the local real estate investment generally increased by more than 50%, among which Hainan surged by 211%.

In terms of land, the land supply and area in 1992 were three times and 1991 times that of the land sold nationwide in 3 and before.

That is, in this year, a large number of heavyweight real estate companies came into being, Country Garden Group, Agile Group, Poly Real Estate, Hopson Development, Greenland Group, CCRE Real Estate, Huafa Industrial, Baoneng Group, Financial Street, Peking University Resources, TEDA shares...

These real estate companies that will gallop in the future in China all coincidentally entered the stage of history in 1992.

But Wu Xiaozheng knows that the watershed of the real estate boom is coming soon, and the time is this summer, with the promulgation of the [-]th National Article.

The reason why he is so sure of this is that the real estate bubble in Hainan has burst.

The real estate bubble in Hainan is also a classic case in the business world that everyone knows in later generations.

A case about passing flowers by drumming.

The current real estate industry in Hainan is really crazy.

It is said that until now, nearly [-] real estate companies have gathered on the tiny Hainan Island.

Just a few days ago, Wu Xiaozheng heard a story about an explosion.

Last year, a company bought more than a dozen villas from another company at 2800 yuan per square meter. In less than a week, they changed hands at 3400 yuan per square meter. In just a few days, several million yuan came into the account. .

And such stories are still happening every day on Hainan Island, and the price of real estate has soared to nearly 7000 yuan per square meter.

The story of beating drums to pass flowers is still going on, and the National Sixteen Articles more than two months later is the password to stop the drumming.

And the moment the drumbeat stopped, the person who still held the real estate in his hand became the last taker.

With the case of the real estate bubble in Hainan, Wu Xiaozheng finally recalled the part related to real estate in the [-] Articles of the State.

Termination of listing of real estate companies.

Full control of bank funds invested in the real estate industry.

Strictly investigate real estate leather bag companies that make false capital injections and do not have financial strength.

……

Wu Xiaozheng remembered that it should be these few items.

After the promulgation of the [-]th Article of the State Council, due to the sharp tightening of the national credit scale, funds were also withdrawn from real estate, and the boom in real estate came to an end.

Among them, Hainan is the most affected.

After the real estate boom in Hainan quickly subsided, a large number of receivers broke their capital chains, and a large number of high-priced houses that could not be sold were backlogged in their hands, but they owed a huge amount of money, so they had to choose to jump off the building.

In the next few years, there are quite a few people in Hainan who have lost money because of speculation in real estate, and many choose to jump off the building.

This also left serious sequelae to Hainan.

Because of this emergency regulation, HAN Province, which accounts for only 0.6% of the total population of the country, has left a backlog of commercial housing accounting for 10% of the country.

Due to regulation, the bad debts of the four major state-owned commercial banks in Hainan real estate projects reached 300 billion yuan.

……

This information is really important to Wu Xiaozheng, and it is closely related to the development of Grandview Group.

Due to the boom in real estate, after the Spring Festival this year, land prices in many parts of the country are skyrocketing. If the four projects of Grandview Group in Beijing, Shanghai, Guangzhou and Shenzhen had not reached an agreement a few years ago, the land acquisition price is likely to rise sharply.

Fortunately, Grandview Plaza is not a pure real estate project, but a commercial project that can drive regional economic development, which makes local governments not go back on the project.

However, if Grandview Plaza wants to develop new projects, the land acquisition cost will probably be much higher.

The development of new projects must be suspended!

Wu Xiaozheng quickly made this decision.

As a person who has experienced it, he knows that once the [-]th Article of the State Council is promulgated, the real estate boom will be greatly cooled, and it will soon return to the original track.

Wu Xiaozheng believes that once the real estate boom cools down, land prices will not be as crazy as they are now in a few years.

With the current strength of Zhengjia Group, after the five major projects are won, it is indeed time to stop, consolidate and digest the existing chain system first.

Temporarily stopping is for the future to make great strides forward.

Because of the [-]th Article of the State, there is another thing that is greatly affected in the real estate industry, and that is the price of building materials.

So far, the prices of construction materials such as steel bars and cement have risen by at least 30% compared with the same period last year.

However, Wu Xiaozheng knows that once the heat of real estate cools down, the price of building materials will generally fall under the situation of oversupply.

Perhaps in the last 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 commodity that is not so affected by inflation.

In terms of purchasing building materials, Wu Xiaozheng felt that it was necessary to remind Shen Mo to re-plan.

(End of this chapter)