Chapter 1166 The first auction of state-owned land use rights in the country!

On Black Monday in 1987, the global stock market crisis triggered by the stock market in Country M caused global losses of more than two trillion US dollars.

In this era, two trillion US dollars is very scary.

However, for Yang Ming, these global losses were huge, especially for many rich people. However, for Yang Ming, he and the Imperial Group gained huge gains this time, so much that many people could not believe it.

When this stock market crisis continues to spread to the world, it will take more than a year to recover.

However, a more serious impact may occur in the early 1990s.

At this time, Yang Ming had already focused his energy on other aspects.

. . .

November 30, 1987.

Monday.

Today is the last day of November, but tomorrow, a major news will appear in Pengcheng that will cause a stir in the country.

On December 1, Pengcheng launched the country’s first auction of state-owned land use rights.

what does that mean?

This means that the country is beginning to develop towards the commercialization of real estate.

Although the real development of large-scale real estate in China was after 1998, in fact, in 1984, the country's first commercial housing community had appeared and had been completed and sold.

East Lake Liyuan.

It was jointly developed by Shenzhen Real Estate Company and Xiangjiang Miaoli Group, adopting the model of Pengcheng providing the land and Xiangjiang providing the money, and was completed in 1984.

Donghu Liyuan is the first commercial housing and the first property management community in China. It is also an experiment in land system reform.

In order to learn from Xiangjiang’s real estate development experience, introduce Xiangjiang’s capital and real estate rules and regulations. The first reform of the land system was carried out at the risk of violating the constitution, and today's Donghu Liyuan was established. Since then, the land in Pengcheng has been gradually revitalized, and the land has been used as a means of production to conduct market-oriented operations that have never been seen in the country.

However, the upcoming auction of state-owned land use rights tomorrow will officially begin the process of commercialization and legalization, and the separation and legalization of land use rights, ownership, and management rights.

This matter is actually really important for the country.

When the Imperial Group entered the country in 1978, much of the land was actually leased, and the right to use it was for about fifty to seventy years.

Many lands such as Pengcheng, Shencheng, Yanjing, and Yangcheng were acquired through this method.

However, after passing the legal land auction this time, the use rights are more guaranteed.

This time, many real estate companies under the Empire Group were invited to participate in the land auction.

Including Wharf Properties, Hutchison Properties, Wheelock Properties, Land Properties, Jardine Properties, etc.

There are actually many companies acquired by Empire Group that involve real estate.

Moreover, before Yang Ming developed Lantau Island, he was already the largest landowner in Xiangjiang and had the most land hoards.

However, other wealthy people in Hong Kong have already set their sights on domestic real estate.

This time, Pengcheng suddenly held the first auction of state-owned land use rights, which still caused a great sensation in Xiangjiang. After all, many wealthy people in Hong Kong, including British and Chinese wealthy people, developed through real estate.

This is the first time that Pengcheng in China holds an auction of state-owned land use rights, and those real estate developers feel like they smell something fishy.

Repulse Bay mid-level villa.

Study room on the third floor.

Now besides Yang Ming, there is also Mai Li Si.

This time, what the Imperial Group should do about the global stock market crash caused by country M is actually handled by the cabinet and the secretariat. Yang Ming is just making arrangements in advance, and he is not required to do other things.

"Boss, are you going to Pengcheng to participate in the auction of state-owned land use rights?" Merlis asked.

Meris knew that domestic development was very fast, far beyond his imagination.

At that time, Yang Ming had to enter the domestic development market, and Meris thought that he had to think carefully about it. Now it seems that he feels that the boss is really too clever.

"Yes, I just went to take a look. However, starting from this land use rights auction means that the commercialization of domestic real estate has begun."

"Boss, let me go and have a look with you." Meris also wanted to see how the domestic land use rights auction and the land auction in Xiangjiang were going to be.

In fact, before the real estate crisis broke out in Xiangjiang, the annual land auctions in Xiangjiang were also very scary, and a lot of tax revenue also came from land auctions.

If the country is learning the same thing as Xiangjiang, in Mai Lisi's view, the commercialization of domestic real estate will also have great prospects in the future.

The two discussed the matter.

Mai Li Si went back first.

Yang Ming is still in the study.

Now it is actually more convenient to go from Xiangjiang to Pengcheng, especially after the Imperial Group developed the Xiangjiang Science and Technology Park in the New Territories North. There is no need to go around in a big circle when going here.

"Sir Yang, are you going to Pengcheng tomorrow?" Lan Jieying asked.

After spending the past few months together, Lan Jieying became more and more familiar with Yang Ming's temper, and she found that getting along with Sir Yang was very comfortable. Although she might not understand many things at first, Yang Ming did not scold her casually, which was completely different from her imagination of being the richest man in Hong Kong.

After all, before this, she had seen from the news and even some gossip media that reports on many rich people in Hong Kong were two-sided, and many rich people had very bad tempers.

"I'll go to Pengcheng tomorrow and come back tomorrow night."

"Sir Yang, can I follow you?"

Lan Jieying wants to follow?

Originally, Yang Ming didn't even plan to take Ah Zhu and Guan Jiahui with him.

After all, this time, Yang Ming just planned to bring Yingla, Alina, Lin Xiuzhi, He Chaoluo, and the bodyguards with him.

"Then get ready."

"Thank you Sir Yang."

Lan Jieying still seemed very happy to know that Sir Yang was willing to take her there.

Have a night's rest.

Early the next day.

Yang Ming got up early.

It is now December 1, 1987. The temperature in Xiangjiang has dropped a bit, and the daytime temperature is around 20 degrees Celsius.

If Yang Ming hadn't gone to Pengcheng today, he might still have gone swimming.

Now when Mailisi, Lin Xiuzhi, He Chaoluo and others came over, Yang Ming had breakfast with them.

Then we left Xiangjiang and took a bus to Pengcheng on the opposite side.

Yang Ming and Meris were sitting in the Rolls-Royce and chatting.

Lan Jieying, He Chaoluo, and Lin Xiuzhi were in another luxury car.

Of course, the two women already knew that Lan Jieying was Yang Mingxin's maid. As for where Zhong Chuhong went, they didn't know, but they could guess a little.

On the way, Lin Xiuzhi kept chatting with Lan Jieying, while He Chaoluo looked out the window.

Pass through the Hung Hom Tunnel, then pass through the expressway and directly enter the New Territories North.

Compared to the previous trip to Pengcheng, the speed was much faster.

After arriving at the port on the Hong Kong side of the New Territories, they passed inspection and arrived at the Luohu Port in Pengcheng opposite, which meant that they had crossed the Pengcheng River and reached the Pengcheng Experimental Zone opposite.

Regarding the Pengcheng Experimental Zone, Lin Xiuzhi witnessed with her own eyes the rapid development of the small fishing village of Pengcheng from the first time she followed Yang Ming back to her hometown in China.

In just a few years, when they came here again, they saw that in addition to asphalt roads, there were also high-rise buildings.