Whoosh...
The bigwigs were utterly shocked.
They were so focused on the bidding between Heilong Group and Huanyu Group that they completely missed the fact that Heilong has already auctioned off 26 plots of land! A rough calculation shows the total value is nearly 5 billion yuan!
Five billion!
What does that mean?
Even real estate groups would be extremely cautious about using such a large sum of money.
But now...
Heilong Group! It started out as a dry milk tea business! It spent 5 billion yuan to buy land just because of a petty squabble.
Are you crazy? Are you sick in the head?!
To complete the construction of all the houses on this 5 billion yuan land alone would require at least double the price.
That is:
Ten billion!!!
The entire Heilong Group is worth hundreds of billions of yuan. Are they now going all out to get into real estate?
This is fucking insane!!! And it looks like he's going to keep adding more!
Or is Heilong Group planning a major real estate development? But even if it is, does it need to be on such a scale?
That's fucking insane!
What exactly is the grudge?
Is he planning to buy the land and then sell it? But wouldn't that result in even greater losses?
Is it too arrogant and foolish?
No! How could someone like that have achieved what he has today? It doesn't make any sense at all.
So what exactly was he thinking?
In a short time.
The bigwigs looked at Qin Jiang with even more astonishment, filled with incomprehension and a hint of mystery.
This moment:
Qin Jiang is somewhat unfathomable in their eyes!
Previously, although Qin Jiang was impressive, young and worth billions, most of the people sitting here were top tycoons, and everyone had a few legendary experiences. In their eyes, Qin Jiang was just a lucky young entrepreneur. But now, seeing him throw out 5 billion to buy land without batting an eye, they took Qin Jiang seriously for the first time.
Such a young man... should not be underestimated!
...
now.
Dongfang Zhanyue looked at Qin Jiang with surprise:
"Fifty billion! To buy land! Is this the company going to throw the entire group into real estate? Such a huge gamble?"
It's important to understand that for newly emerging entrepreneurs like Qin Jiang, who have already established a solid foundation, the best path forward is to continuously expand their core business and then gradually extend into related industrial chains. It's simply outrageous for someone like Qin Jiang to invest his entire fortune in real estate, which isn't particularly relevant to his core business.
after all:
This is pure gambling!
How much you can earn if you win the bet is still unknown!
If you lose at gambling, you're likely to suffer huge losses!
Winning or losing, profits or losses!
They're not proportional at all!
Dongfang Zhanyue: "He's so confident in the real estate industry? Even I, a real estate professional, don't have that much confidence."
Although the real estate market appears to be booming, Dongfang Zhanyue, as a professional in the industry, had long seen through various reports that the real estate market could not continue to rise indefinitely.
This is a huge bubble!
Moreover, similar situations exist abroad: the sudden bursting of the real estate bubble is a fatal blow to many practitioners. Now, domestic real estate developers have also realized this, but they firmly believe that the real estate bubble will not burst so quickly, and they can still have many years of glorious wealth.
after all:
This is a pillar industry!
...
brush!
Ma Jun's eyes narrowed slightly.
Five billion!
Heilong Group is making a big splash in the real estate market. If we're talking about who knows Heilong Group best, he's definitely one of the top few!
As an adversary, he investigated the Black Dragon Group's information in great detail. At least he knew that the Black Dragon Group had applied to participate in this auction in advance. Since they had made the application, it was obvious that they wanted to buy land, and buying land naturally meant building houses. At the same time, he learned that the Black Dragon Group had applied for a lot of loans!
Of course, he did not know the exact amount of the loan, as it was a secret, and his sphere of influence was not in Songjiang.
Even though he knew in advance that Heilong Group planned to enter the real estate market, he didn't expect it to be on such a large scale.
Five billion right off the bat!
Go all in right away!
this...
Are you kidding me?!
Ma Jun: "At his level, still playing the all-in game? Should we call him stupid, or arrogant?"
"But the more he invests, the better, so he can have a better grasp of things. Does he really think that every industry is so easy to enter?"
"hehe..."
"Hopefully, the path you're taking doesn't have too many competitors in your already mature real estate industry. It's not like anyone can just come in, let alone on such a massive scale."
Thinking of this.
A hint of anticipation appeared on Ma Jun's face.
immediately.
He nodded slightly to his assistant.
Continue! Keep bidding!!!
.....
Auction continues!
What's shocking is that Heilong Group not only didn't stop, but continued to auction off new land.
Meanwhile, competition with the Universal Group continues.
in!
Heilong Group continued to auction off more land, while Huanyu Group only ended up with two plots...
During this period, other real estate groups also auctioned off a lot of land, after all, the scale of this auction was quite large.
........
........
"The 233rd plot of land will now be auctioned!"
Thump!
Congratulations to Heilong Group!
...
"Land parcel number 241 is now up for auction!"
Thump!
Congratulations to Heilong Group!
...
...
The auction continued: competition was particularly fierce in the last few dozen plots of land, with many large groups choosing to bid higher.
Since we're already here!
Returning empty-handed is not the same thing. Of course, the premium rarely exceeds 20%. Although it is possible to make money with a 20% premium in real estate, they are not limited to the city of Bei Province. In fact, there are many other cities to choose from. Currently, many cities across the country are selling off large amounts of land for development!
Thump!
"Next up is the last piece of land to be auctioned! Plot No. 1 in the core of the North District. It has a huge local area and can be used to build a super-large community, or it can be divided into three areas to build three communities."
"Starting bid: 500 million!"
Huanyu Group: "550 million!"
Si Jiu: "570 million!"
Huanyu Group: 580 million!
49: "Six hundred million!"
Huanyu Group: "Six hundred and fifty million!"
......
......
The two continued to raise the price, but it was clear that Huanyu Group was being more cautious in doing so.
The total value of the land to be auctioned by Huanyu Group is about 2 billion, but the funds that Huanyu Group has raised are only slightly more than 2 billion. The assistant did not dare to raise the price significantly, for fear that Heilong Group would suddenly back out, and then his job as assistant would be over. Therefore, Huanyu Group stopped raising the price when it reached 700 million.
Thump!
Auctioneer strikes the gavel:
"Congratulations to Heilong Group for winning the last piece of land in this auction for 710 million yuan! As the last piece of land auctioned, it comes with a commercial plot that can be used to build a mid-range shopping mall."
"Congratulations!!!"