Chapter 1448
Words:1007Update:22/07/01 09:38:42
"I just received news that the thirteen major real estate developers in the city have teamed up and started to lower the prices … to less than four thousand yuan."
"Less than four thousand yuan? Are they crazy?" Qin Chu was completely confused.
Real estate wasn't like other industries, where prices could be raised or lowered as they wished.
There were market rules. After the global financial crisis in 2008, the domestic real estate market went up.
Although C City was now the largest city in J Province, the prices weren't as scary as those in Jing City. They were only around eight thousand yuan per square meter.
Basically, the dozen or so major real estate developers in the city all had the same price. What they were competing for was location, amenities, and services.
GK had been in the real estate business for more than twenty years and was considered a high-end brand.
The prices weren't cheap, but the quality of the houses was superb and the services were top-notch.
Therefore, they had a good reputation in the city. When Qin Yumin was in power, he was very traditional and stuck to the rules.
However, he still considered many things and was willing to do something practical for the benefit of the people.
When Qin Chu took over as president, the prices were already as high as eight thousand yuan per square meter.
If anyone tried to lower the prices without permission, they would be boycotted and blacklisted by their peers.
Now, without any written or verbal discussion, the thirteen major real estate developers suddenly lowered the prices to less than four thousand yuan.
It was a crazy move …
"How is that possible? Their production costs are more than three thousand yuan per square meter … If they can't sell the houses for four thousand yuan, not only will they not make money, they might even lose money. They won't even be able to earn back the advertising and endorsement fees. Are they crazy? "Huo Mien thought the same.
"I don't know the details yet, but … it's a mess outside. The customers who paid deposits to buy houses have all come back for refunds and are looking for other places to buy."
After three seconds of silence, Qin Chu looked at Yang and said, "Tell everyone that we'll have a meeting with the higher-ups in ten minutes."
"Yes, sir."
Huo Mien frowned slightly …
This situation wasn't optimistic at all …
It really caught them off guard.
That night, the citizens of C City went into a frenzy.
All the major media outlets fought to broadcast this news, and it even caused a sensation in the country. Many residents from other cities flew here to buy houses … just so that they could sell the houses when the prices went up. The truth was, these fried rice balls were the most hateful.
Houses were originally prepared for groups of people in need. Some people needed a house when they were getting married.
Some people's original houses were too old and they needed to move. Some people had a second child and there wasn't enough space, so they needed to move to a bigger house.
These people were the ones who needed houses, but after the prices were messed up, the commoners didn't care about that at all.
It was as if they didn't want money. Some even went out to borrow money from loan sharks to stock up on houses.
During the meeting, Qin Chu told everyone about the situation and the consequences of this incident …
For the time being, he thought of some countermeasures. As for the specifics, he still had to continue observing to see if it was a prank.
How long could the sale of houses last?
When Qin Chu came out of the conference room, Huo Mien walked up to him and asked, "Honey, how was it?"
"Let's wait and see for the time being. I wonder what their goal is?"
Qin Chu didn't think that his popularity would be so bad that those people would lose money to trick him.
Therefore, he felt that it might be a deliberate prank. A day or two passed, so he didn't take any deep countermeasures.
Huo Mien felt a bit uneasy …
"I have a feeling that … this incident isn't that simple … What's the situation at GK Real Estate?" Huo Mien asked worriedly.
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