On the sixth day, all the properties under Chu Real Estate were sold, either explicitly or implicitly, reaching this shocking price reduction!
This completely triggered panic in the market. After all, although housing prices have dropped significantly in the past few days, they have remained at the same price, so many people think that housing prices may have stabilized. So within these few days, Chu Real Estate
A large number of real estate properties were released, and so did the people
Purchase in bulk.
But on the sixth day, the price suddenly dropped so much that it immediately caused panic among many people.
Originally, everyone thought the price had reached the bottom, but now it suddenly fell so much.
What about tomorrow?
What about the day after tomorrow?
Will it plummet more?
The resulting reaction instantly caused selling by individual investors.
After all, how many people who can actually afford a house in Linhai City really buy a house to live in? Many people use it for investment, and one person even has several or even a dozen houses under his name.
Now that the price is about to fall, who is not panicking?
But one thing is very important, that is, even if Chu Real Estate lowers its price so much, it will only cause partial market panic, causing housing prices in surrounding areas to begin to fall, and individual investors to sell their houses.
If you want to influence the real estate in Linhai City as a whole, Chu Real Estate's influence is not enough!
So on the seventh and eighth days, after the initial panic, the market had slowly calmed down. Except for the house prices of Chu Real Estate, which continued to drop in price, other real estate companies had no reaction.
This change can be described as loud thunder and light rain.
Investors who had been waiting and watching were no longer worried when they saw this situation.
However, this situation quickly changed!
Chen Fei and others hope to carve up Chu's real estate, so they naturally hope that the price of the house they get will be as low as possible!
So right after -
Day nine!
On this day, Huayu Real Estate, Longteng Real Estate and dozens of other real estate companies jointly announced that their houses would be sold at reduced prices, and the price reduction was so large that it rivaled that of Chu Real Estate!
This completely caused panic in the market.
Investors who originally thought the market had calmed down suddenly became confused and couldn't tell what the operation was.
Originally, Chu Real Estate lowered prices, so it can be said to be Chu Real Estate's personal approach.
But now there are dozens of them, do they represent a certain trend?
Those investors sold their houses in desperation, further lowering the housing prices in the entire market. It is worth mentioning that although dozens of companies such as Huayu Real Estate announced price reductions to sell houses, in fact, the amount released every day
Not many. What caused the sharp decline in market housing prices was mainly those individual investors selling. This
Part of it was also cheaper for Chen Fei and others, and they began to purchase a large number of those houses.
However, the main force is still on the side of Dingsheng Real Estate. After leaving 2 billion funds to continue to maintain the status quo in the stock market, the remaining funds that can be mobilized have reached 9 billion.
Among them, Yan Jinghui provided 2 billion, Red Mansion provided 2 billion, and Dingsheng Real Estate provided 3 billion. Chen Fei and others, plus Xiang Yulong, raised a total of 4 billion and lent it to Ye Qiu, which adds up to 11 billion!
Day 11.
Under Ye Qiu's instructions, this huge amount of money was finally invested in the market after housing prices reached their lowest point!
So much money has been invested in the market, and the results are absolutely shocking.
On the day this huge amount of money was invested, the downward trend of housing prices in Linhai City was curbed, and it showed an upward trend in the following days.
However, rising prices were not the purpose of Dingsheng, so the purchase was postponed for a few days to allow house prices to stabilize before proceeding with acquisitions.
By the fifteenth day, most of the large number of properties released by Chu Real Estate on the market had been swallowed up by Dingsheng Real Estate.
The remaining portion is divided up by companies such as Huayu Real Estate and Yulong Real Estate.
In addition, Linhai City is worried that the continued decline in housing prices will cause Linhai City's economic collapse, so it has introduced policies to limit Chu's real estate's selling behavior.
At this point, Chu's Real Estate no longer has the ability to affect housing prices in Linhai City.
A thrilling, smokeless war has come to an end for now.
Ordinary people are definitely very excited during this period, because even though the number of houses released by real estate companies is very small, they have greatly satisfied their needs.
But those involved know that the whole thing is not over yet.
…
Chu Group.
Chairman's Office.
Chu Zhengguo's face was gloomy. Although the sale of Chu's real estate properties has now brought back billions of funds, temporarily filling the loopholes of the entire Chu Group, the practice of smashing the market has also caused Chu Group's injuries.
Move the bones!
It takes a hundred days to break the muscles and bones, and the same goes for companies!
It will take a long time for the Chu Group to fully recover!
But in today's ever-changing business environment and rapidly developing modern society, the most lacking thing is time!
The most important thing is that what makes Chu Zhengguo grit his teeth with hatred is that he did not expect that Dingsheng Real Estate could really take over the entire business of Chu Real Estate.
Even at the end, Chu Zhengguo had already decided to quit. After all, if he continued to smash the market, the funds he would take back would definitely be reduced by more than half!
But when he was about to withdraw, Dingsheng Real Estate teamed up with other companies to jointly lower prices.
This approach made Chu Zhengguo almost vomit blood, because even if he wanted to retreat, he would not be able to sell the house at all, and he would not be able to get the funds back.
At the end, the remaining properties of Chu Real Estate were only one-tenth of the original, and the funds withdrawn were 53% less than expected. It was a huge loss!
At this time——
There was a knock on the door.
Chu Shaokuang walked into the office and said gloomily: "Dad, housing prices have begun to pick up now."
House prices are picking up, but that's nothing for them anymore.
Chu Zhengguo rubbed his forehead: "I know."
"Is there no way to cure Dingsheng Real Estate?" Chu Shaokuang said coldly, "Are we going to swallow this breath?"
Chu Zhengguo sighed and said, "Then what can you do?"
Chu Shaokang thought for a while and whispered: "I have an idea..."
A few minutes later.
Chu Zhengguo and Chu Shaokang walked out of the office with smiles on their faces. The secretary outside the office looked at the two of them in a daze. The recent affairs of the Chu Group have made the chairman and young director very busy. Their expressions on weekdays
It's all pretty gloomy, but I seem to be in a good mood today.
It made her feel quite strange.
And just after Chu Zhengguo and Chu Shaokuang left the company, someone saw their car driving into the Golden Horse Club not long after.
Within half an hour after this, more than a dozen luxury cars drove into the Golden Horse Club.
And less than five hours later, all real estate companies in Linhai City made a decision, and a new round of turmoil in the real estate industry began. This time, the center of the entire turmoil, and all the spearheads, were pointed at Dingsheng Real Estate!