I became the richest man in the world after losing my life in a vegetative state.

1993 3 Month 21 Day.

Sunday.

On this morning, Yang Ming was invited by the country and Qionghai.

He will go to Qionghai for the first time.

Before 1988, Qionghai was still part of Guangdong Province.

Then Qionghai became a province on its own, and it became the largest experimental area. However, this experimental area seemed destined to fail from the beginning.

Before 1991, housing prices in Qionghai were mediocre. After 91, housing prices increased five times in three years, and reached a peak in 3 at 5 yuan per square meter. Historically, Shanghai’s housing prices only rose 93 years later in 7500. rise to this level.

The average price of commercial housing in Haikou in 1988 was 1350 yuan per square meter.

However, when the construction of Qionghai was first proposed in 1991, the price was 1400 yuan per square meter. On the verge of collapse in 1993, the price at that time was 7500 yuan per square meter.

The price of land in Qionghai has also increased from 15 yuan per mu to 600 million yuan per mu.

83% of Haikou City’s GDP and 74% of Sanya’s GDP come from land transactions.

At its peak, there were more than 650 real estate companies on this island of 2 million people. There is almost one real estate company for every 300 people.

Their gameplay is also very simple. They mortgage the land to the bank, obtain a loan, continue to expand, buy land, design drawings out of thin air, and sell off-the-plan properties with the drawings. When the land price increases, construction may not have started yet, and then the land will be transferred to the next owner along with the design drawings.

After a piece of land has changed hands more than a dozen times, the land is still land and the buildings have not yet been built. However, every company that drums up the money and spreads the flowers has taken dividends and made a lot of money.

The grass on that piece of land was still taller than people, and the drawings had been designed many times, but many developers seemed to have no idea of ​​starting construction, because instead of having money to invest in construction at that time, it was better to find another piece of land to invest in the second phase and the third phase. Expect.

This is no longer exaggerated, but crazy!

How crazy was the real estate speculating scene at that time?

There was a homeless man who slept at the door of a sales office at night. When he woke up in the morning, he found that he had somehow become the first person in line to buy a house. When he was about to leave with a few pieces of rags, several people ran out from behind the line. Offered to buy his place... In the end, the wanderer took the 7 yuan that fell from the sky and left happily.

At this time, Qionghai was already in front of the real estate bubble.

Historically, the real estate bubble in Qionghai still caused a great impact.

However, this time I was invited by Guoguo and Qionghai to take a look.

Maybe the old gentleman, Mr. Jiang and others have seen the problem over there, but don't know how to solve it.

For Yang Ming, this trip to Qionghai is actually equivalent to a trip.

This time, Yang Ming brought Yang Jirong and his wife, Azhu, Zhong Chuhong, Guan Jiahui, Li Jiaxin, Lan Jieying, Zhou Huimin, Li Zi and others, He Chaoluo, Yingla, Alina and others followed.

Especially Sanya, Qionghai, is known as the city with the warmest winter in China.

At this time in March, the weather in Xiangjiang is already very warm, but the weather in Sanya or Qionghai is still a little different from that in Xiangjiang.

That morning.

Yang Ming and others arrived at Hong Kong Kai Tak International Airport.

Yang Ming's private plane was already waiting there.

When Yang Ming and others boarded the private plane, they flew directly from Xiangjiang to Haikou.

It takes about an hour and a half to fly directly from Xiangjiang to Haikou.

This is more than an hour.

Yang Ming felt that the time passed very quickly.

When his private plane arrived at Haikou Dayingshan Airport.

This is the old Haikou Airport, and the new airport is still under construction.

But this time Yang Ming came to Haikou, it had a great influence in Qionghai and even domestically. At this time, Qionghai Real Estate was like a patient who was about to be critically ill, and now Yang Ming's arrival was like a patient who was about to be critically ill and received a strong injection.

The emergence of Yang Ming has given many home buyers and even real estate investors great confidence.

However, when Yang Ming got off the plane, people from China and Qionghai came to pick him up.

Yang Ming didn't say a word about the current real estate in Qionghai.

Yang Ming and others got into the car.

When leaving here, people asked him from time to time along the way, but Yang Ming always looked out the window.

He saw something outside.

Of course it's an unfinished building.

What was the most popular in Qionghai, including Haikou, Sanya and other places in the 1990s?

It's an unfinished building.

It can be said that unfinished buildings are everywhere, just like the scars of a city.

The real estate development in Qionghai has been spreading rapidly before, which is more like the real estate industry in Xiangjiang in the 1960s when it first developed.

Of course, at that time, the demand for real estate in Xiangjiang was still huge.

However, real estate in Xiangjiang has also experienced plummeting and skyrocketing prices.

In fact, the development of real estate in Xiangjiang and Qionghai are completely different, and they are not of the same nature.

The population of Xiangjiang may not be as large as that of Qionghai, which developed at the same time. However, Xiangjiang is too small and Qionghai is too large, which is also incomparable.

"Are all the unfinished buildings outside?" Yang Ming asked.

"Indeed, they are all unfinished buildings." The man next to him said awkwardly.

When he arrived at the hotel where he was staying, Yang Ming had been staying here for the past few days.

For Yang Ming, he had been to Qionghai many times in his previous life, including Haikou and Sanya, but his main impression of this place was tourism.

Of course, Qionghai's tourism industry was also greatly affected due to the robbing of customers, and Yang Ming never came again.

And it's still the early nineties.

At this time, Qionghai's most important tourism industry had not yet developed. Instead, it relied on real estate to generate a large amount of real estate.

After Yang Ming and others checked into that hotel.

That morning.

Many people came to see Yang Ming, including those who were concerned about the current development of Qionghai's industry.

Another question is whether the current Qionghai real estate industry is old?

Yang Ming knew that Qionghai's real estate industry was definitely hopeless now.

This has nothing to do with investing.

Because this is just a trick to spread the word, it is a lie, but it is mostly banks and even some home buyers.

Even the largest commercial bank in Qionghai, Qionghai Development Bank, was forced to close down. You can imagine how serious this is.

It is very similar to the real estate bubble in Japan, but different.

Dongyang's real estate bubble is relative to the whole of Dongyang.

The real estate bubble in Qionghai is only for Qionghai.

Of course, it took many years for Qionghai’s real estate bubble to recover.

This really surprised Yang Ming, why the real estate bubble in Qionghai was so serious. It can be said that this was a waste of many years of precious time for Qionghai at that time.

When he was noon.

The domestic and Qionghai authorities warmly welcomed Yang Ming's arrival.

However, in fact, before this, the Imperial Group had been investing in many cities in Guangdong Province and even in China, but there was just one place.