Me, The Station Reporter
Chapter 196: Major Real Estate Companies On The Verge Of Bankruptcy
In the Urban Construction Bureau of the Magic City, Wang Jing looked at Li Jiayin and Zhang Shi. She slowly said the third point: "The third point, the chairman has made it very clear that housing prices must fall, and at least they must fall." half."
"If you are dissatisfied or have objections, please keep it. If any real estate company wants to maliciously raise housing prices, it is equivalent to going against the Huanyu Group.
After finishing the third point, Wang Jing did not stay in the Urban Construction Bureau for nine years. Her task was to clearly state the chairman's attitude.
It is obvious that the chairman is determined to suppress housing prices, and any person or force that interferes with his efforts to suppress housing prices is working against him.
The consequences of going against the chairman are very serious. These real estate companies need to carefully consider their size. After all, they don’t have the capital to go against the chairman!
Within the Huanyu Group, Wang Jing reported all the situations to Jiang Cheng in detail after returning.
On the sofa, Jiang Cheng took a sip of coffee and said, "I understand, call Mr. Su over!"
"Okay, Chairman!" Wang Jingtian smiled quietly and took cat steps to inform Su Qing.
More than ten minutes later, Su Qing walked into the office. She sat on the sofa and asked, "Chairman, are you looking for me?"
"Now that Huanyu Real Estate has been established, your next task is to acquire land and build houses in twelve major cities across the country!" Jiang Cheng said.
Hearing this, Su Qing made a silent calculation in her mind, and she said: "Chairman, Huanyu Real Estate now has a cash flow of 200 billion meters of gold, which is about 1.35 trillion yuan when converted into Longguo currency. We calculate it as 200,000 yuan for a house." Calculating the cost of Longguo currency, these 200 billion meters of gold can probably build 6.5 million units of 100 square meters of commercial housing."
Su Qing's meaning is obvious. Although 6.5 million commercial housing units is a huge number, this number is really not enough compared to the population of Long Country.
Dragon Kingdom has been pursuing urbanization for more than ten years, but the urban population in Dragon Kingdom is still not too large, not even half of it.
"6.5 million units of commercial housing is indeed a bit low." Jiang Cheng's eyes flickered. He thought for a while and said, "Huanyu Real Estate can learn from the practices of other real estate companies. After buying the land,
Plan the property layout immediately, and then start pre-sale. "
"Hey, this is a good plan. It's equivalent to (cdee) Universal Real Estate producing upfront funds, and then using everyone's money to help everyone build houses!" Su Qing's beautiful eyes lit up, and she pursed her lips with a smile.
Although Longguo officials have issued regulations, no real estate is allowed to be pre-sold before it is built.
However, Huanyu Real Estate is different. Huanyu Real Estate is not for making money. In addition, Huanyu Real Estate is backed by Huanyu Group. Longguo officials should not come forward and choose to turn a blind eye.
Judging from the current official reaction, they should have reached an agreement and will not interfere with the One World Group's actions to suppress housing prices.
In the past, Longguo needed housing prices to boost the economy and thereby consolidate its international economic status.
Now, the United States has become a paper tiger, and its deterrence has dropped to a historical low. The United States no longer has the ability to suppress the development of the Dragon Kingdom.
Perhaps for this reason, officials are mostly happy to see housing prices suppressed.
In the afternoon, a message was posted on the group social account of Huanyu Group.
@全国: “Huanyu Real Estate has received a capital injection of 1.4 trillion yuan from the Huanyu Group. All friends who want to buy a house, please note that Huanyu Real Estate is about to build a large number of residential complexes in the first, second and third cities across the country, with a total of Provide 6.5 million commercial housing units of 100 square meters.
In one month, in major cities, Huanyu Real Estate will pre-sell these commercial houses in advance. Please rest assured that the residential communities built by Huanyu Real Estate can guarantee the quality, and our prices will be at least lower than the current market price!"
When such news came out, the entire Longguo network was shocked!
"Damn it, Brother Cheng actually invested 1.4 trillion Dragon Kingdom coins in the real estate industry. Even Shenhao wouldn't dare to play like this!"
"What's all the fuss about? A week ago, the United States and the United Arab Emirates each paid 100 billion gold in compensation to the World Group. The starting capital of World Real Estate was this 200 billion gold."
"Hey, 6.5 million commercial housing is less than half the market price. Is this true?"
"Of course it's true. If you don't look at who owns Huanyu Real Estate, Brother Cheng never tells lies!"
"Mad, I'm so angry. I just bought an apartment half a month ago, and before I even moved in, the value has dropped by half. I'm heartbroken!"
"You deserve it. Brother Cheng said before that if you want to buy a house, don't buy it first. Who told you not to listen!"
At the same time, because the news announced by Huanyu Real Estate was so shocking, it directly caused a magnitude 10 earthquake.
No, in less than half an hour, the stock prices of major real estate companies in Longguo fell after hearing this, and almost all the people who bought real estate tickets chose to sell them all.
All investors know that Huanyu Real Estate’s move is so cruel that all major real estate companies cannot afford it!
Moreover, the Longguo official has not made any statement, which is enough to show that the official is willing to see housing prices fall.
Based on this information, I am afraid that most real estate companies will fall into bankruptcy crisis in the near future.
You know, any real estate company is burdened with huge loans. Now the houses cannot be sold, house prices are falling, and stocks are also falling. Most of the major banks in Longguo will urge these real estate companies to repay in advance.
If banks start requiring major real estate companies to repay loans in advance, what will the major real estate companies do to repay them?
In the offices of the chairman of Daheng Real Estate and Yike Real Estate, Li Jiayin and Zhang Shi stared blankly at the plummeting stocks of their companies.
The two of them seemed to have aged ten years. They knew that the various measures announced by Huanyu Real Estate obviously did not want to give them a way to survive!
Both of them knew that maybe in a day or two, the bank would come to their door.
In the current situation, they are simply unable to repay the loan, because the money spent cannot even recover the cost!
The banks in Long Country are all state-owned. If they lose their ability to repay their loans, our banks have the power to force them into bankruptcy and liquidation!
Once their company goes bankrupt and liquidates, their net worth will instantly become negative. This is the evolution process from rich people to negative rich people!
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