Chapter 1166: The First National Auction of State-Owned Land Use Rights!

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

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

However, for Yang Ming, these global losses are huge, especially for many wealthy people, but for Yang Ming, this time he and the Empire Group have gained a huge amount, so much that many people can't believe it.

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

However, more serious ones may affect the early 1990s.

At this time, Yang Ming has already put his energy into other aspects.

. . .

November 30, 1987.

Monday.

Today is the last day of November, but tomorrow, Pengcheng will have a major news that will shock the country.

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

What does this mean?

It 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 first commercial housing community in the country had already appeared and was completed and sold.

Donghu Liyuan.

Developed by Shenzhen Real Estate Company and Xiangjiang Miaoli Group, it was completed in 1984 in the model of Pengcheng providing land and Xiangjiang providing money.

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

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

However, the state-owned land use rights auction that will appear tomorrow will officially begin to commercialize and legalize, and separate and legalize the use rights, ownership rights, and management rights of land.

This matter is actually very important for China.

When the Empire Group entered China in 1978, many of the lands were actually rented, and the right to use was about 50 to 70 years.

Many lands such as Pengcheng, Shencheng, Yanjing, and Yangcheng were acquired in this way.

However, after the legal land auction this time, the right to use is more guaranteed.

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

Including Wharf Properties, Hutchison Whampoa, Wheelock Properties, Landmark Properties, Jardine Matheson Properties, etc.

There are actually many companies under the Empire Group that are involved in real estate.

Moreover, before developing Lantau Island, Yang Ming was already the largest landlord in Hong Kong and had the most land.

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

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

This is the first time that Pengcheng in China has held an auction of state-owned land use rights, and those real estate developers are like smelling fishy smell.

Repulse Bay Mid-Levels Villa.

Study on the third floor.

Now, in addition to Yang Ming, there is also Mai Lisi.

This time, the global stock market crash caused by the United States, what the Empire Group should do is actually handled by the cabinet and the secretariat. Yang Ming is just making arrangements in advance, and he doesn't need to do other things.

"Boss, do you want to go to Pengcheng to participate in the state-owned land use rights auction?" Mai Lisi asked.

Mai Lisi knew that the current domestic development is very fast, far beyond his imagination.

Back then, Yang Ming must enter the domestic development, and Mai Lisi still thought that he had to think it through. Now it seems that he thinks that the boss is really too smart.

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

"Boss, then I will go with you to take a look." Mai Lisi also wants to see what this domestic land use rights auction and Hong Kong land auction are like?

In fact, before the outbreak of the Hong Kong real estate crisis, the annual land auction in Hong Kong was also terrifying, and many taxes also came from land auctions.

If China also learns from Hong Kong, in Mai Lisi's view, the commercialization of domestic real estate will also have great prospects in the future.

The two discussed this matter.

Mai Lisi went back first.

Yang Ming was still in the study.

Now it is actually more convenient to go from Hong Kong to Pengcheng, especially after the Empire Group developed the Hong Kong Science and Technology Park in the northern New Territories, it is not necessary to go around a big circle from here.

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

In the past few months of getting along, Lan Jieying has become more and more familiar with Yang Ming's temper. She found that she was very comfortable with Sir Yang. Although she may not understand many things at the beginning, Yang Ming did not scold her casually, which is completely different from her imagination of the high-ranking richest man in Hong Kong.

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

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

"Sir Yang, can I go with you?"

Lam Kit Ying wants to go with you?

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

After all, this time, Yang Ming was only going to take Yingla, Alina, Lin Xiuzhi, He Chaoxun, and those bodyguards with him.

"Then you get ready."

"Thank you Sir Yang."

Lam Kit Ying was still very happy to know that Sir Yang was willing to take her there.

Rest for a night.

Early the next morning.

Yang Ming got up early.

It was December 1, 1987. The temperature in Hong Kong had dropped a little, and the daytime temperature was around 20 degrees Celsius.

If he hadn't been going to Pengcheng today, Yang Ming might have swum.

Now when Mai Lisi, Lin Xiuzhi, He Chaoxun and others came over, Yang Ming had breakfast with them.

Then they left Hong Kong and took a car to Pengcheng opposite.

Yang Ming and Mai Lisi chatted in a Rolls-Royce.

Lam Kit Ying, He Chaoxun, and Lin Xiuzhi were in another luxury car.

Of course, the two girls already knew that Anita Mui was Yang Mingxin's maid. As for where Zhong Chuhong went, they didn't know, but they also guessed a little.

On the way, Lin Xiuzhi kept chatting with Anita Mui, while He Chaoxuan looked out the window.

Passing through the Hung Hom Tunnel, and then through the highway, directly into the New Territories North.

Compared with the previous trip to Pengcheng, the speed is much faster.

After arriving at the port on the Xiangjiang side of the New Territories North, they passed the inspection and arrived at the Luohu Port on the opposite side of Pengcheng, which means that they have crossed the Pengcheng River and are now on the opposite side of the Pengcheng Experimental Zone.

As for the Pengcheng Experimental Zone, since the first time she followed Yang Ming back to her hometown in China, Lin Xiuzhi has witnessed the rapid development of this small fishing village of Pengcheng.

In just a few years, when they come here again, they can see that in addition to asphalt roads, there are also high-rise buildings.