Chapter 821: He Yuzhu Spends a Large Sum of Money to Buy Land

Feng Laoban gritted his teeth and followed the price, chasing it all the way to 1.5 million.

After all, this plot was the one with the best location and the greatest appreciation potential among the four, so no one was willing to let it go easily.

He Yuzhu didn't even lift his eyelids, casually raising his paddle: "1.6 million."

Feng Laoban immediately followed, bidding 1.7 million, his eyes fixed firmly on He Yuzhu, putting on a stance of fighting to the bitter end.

But He Yuzhu suddenly went quiet, making no further move to raise his paddle.

Feng Laoban first stared fixedly at He Yuzhu, hoping he would raise the paddle again, yet in his heart, he was also worried that he would.

However, He Yuzhu had started talking to the person beside him, just as if nothing had happened.

No one else in the room followed.

The auctioneer called the price three times, the wooden gavel fell—this out-of-print treasure land in the city center belonged to Feng Laoban.

Feng Laoban slumped in his chair, his heart filled with mixed feelings.

He had obtained the land, but he couldn't feel happy about it at all.

The final price at which he acquired the land was nearly double what he had expected.

The auction for the last plot of land then began.

This plot was over three thousand mu, located on the west side of Haikou, bordering Chengmai Macun Gang, twenty or thirty kilometers away from the city center.

The entire piece of land was mostly mudflats and slopes, with no mature living or commercial supporting facilities around it.

In the eyes of outsiders, it was just a piece of worthless wasteland, and no one was optimistic about it at all.

Starting bid—250,000 per mu.

To tell the truth, this plot was originally not on the auction list at all.

It was mainly because the government lacked funds to build the port and had no other choice but to take this idle wasteland out for auction to fill the hole in port construction.

The major capital forces in the venue gathered together and whispered, but not a single person was willing to touch this remote wasteland.

Because these people were all here to speculate on land, and no one wanted to engage in construction in a place where birds don't lay eggs. They were used to living hard lives and could never imagine that the economy would develop so fast in the future.

Just at this moment, He Yuzhu had already changed his paddle to one for Liushi Trading Company.

"300,000." He Yuzhu raised his paddle.

The auctioneer immediately called the price: "Liushi Trading Company bids 300,000."

"300,000 for the first time."

The room was silent, with no one responding.

"300,000 for the second time!"

Zhao Jing looked at He Yuzhu, thinking he was driving up the price again. But now no one was raising their paddle. His face was full of smugness.

This was 900 million in funds; He Yuzhu was finished now, having actually gotten stuck with it.

Still, no one on the floor raised a paddle.

Everyone knew in their hearts: although this land was cheap, the area was too large, and even at 300,000 per mu, it would still cost 900 million.

If one lacked the ability to develop it, this money would be thrown away by a sucker.

Pan Laoban, who had been holding back, just raised his hand to bid when he was firmly pressed down by his partner, Zhang Qian, beside him.

Zhang Qian lowered her voice, gritting her teeth in anxiety: "What are you doing? Do you have 900 million? What are you going to do with this piece of broken wasteland if you buy it?"

Pan Laoban retorted in a low, anxious voice: "But if we don't increase the price, he'll take it away easily for 300,000 per mu! Why does he always drive up the price for others, and we can't add some trouble for him?"

Zhang Qian asked back: "If he gives it to you, can you handle it? Do you plan to build houses in this kind of wilderness? Who will buy them if you build them? Who will live there?"

The two argued in low voices for a long time, and in the end, Pan Laoban was persuaded, and the auction paddle in his hand was never raised.

"Liushi Trading Company, 300,000 for the third time—sold!"

The auctioneer's wooden gavel fell heavily.

He Yuzhu finally secured the three thousand mu of coastal wasteland at a price of 300,000 per mu.

The entire land transaction totaled exactly 900 million.

Others thought he was stupid, but he felt he had picked up a bargain.

Everyone present could not see any value in this wasteland, but only He Yuzhu knew clearly—this place possessed a coastal advantage; in the future, it could not only build luxury coastal hotels but also plan large-scale logistics parks, and even introduce his own major industrial chains to open factories, with infinite potential.

The looks everyone cast at He Yuzhu were no longer just surprise; they were filled with resentment.

This person had to have a hand in every plot of land, driving up the land price in the city center without taking it, throwing the entire auction into chaos.

Secondly, everyone was holding back a breath: why should others have to spend 1.5 or 1.6 million per mu to get land, while he could take it for 300,000 per mu, and with no one bidding against him?

Feng Laoban and Zhao Jing, who had successfully auctioned for the third plot of land, were now also grinding their teeth in hatred at He Yuzhu.

The cost of their land acquisition this time was a full 50 percent higher than their psychological expectations.

The land that could have been secured for under one million ended up with a final transaction price exceeding 1.5 million.

Although Pan Laoban was just a spectator, he was also filled with righteous indignation.

Because he knew that from now on, it would be basically impossible to get land through connections or at a very low price.

This auction-style land sale would likely become the norm in the future.

Speaking in a thick dialect, he cursed to Zhang Qian: "Where on earth did this bumpkin pop out from? He forcibly drove up the land price in the golden area of Haikou by 50 percent! With land prices driven so high, how can we develop in the future? How can we build houses? How can we sell houses?"

Wang Zhuli, an assistant by Zhao Jing's side, happened to pass by and leaned over to ask curiously: "Pan Laoban, who are you cursing?"

Pan Laoban glared fiercely: "That bumpkin who bought the two plots of land! What kind of background does he have?"

Assistant Xiao Wang explained with a smile: "It's understandable that you don't know him, but you must have heard of his son—the one who took unsellable domestic industrial products and forcibly exchanged them for ten Soviet Tu-154 aircraft. This person is his father."

"What?" Pan Laoban was stunned on the spot, his face full of shock, "Can that kid earn such a large family fortune by reselling airplanes, enough for him to take out 900 million to buy land?"

Xiao Wang lowered his voice and said quietly: "Didn't you see that he used the Liushi Trading Company paddle the whole time? Do you know what the background of Liushi Trading Company is?"

Pan Laoban shook his head.

Xiao Wang continued: "I heard that this Liushi Trading Company was opened right when the country was liberated and has been running ever since, with a deep family foundation. The Boss of Liushi Trading Company has a child with him."

Feng Laoban also leaned in, his face full of resentment: "General Manager Zhao, what exactly is the background of this man who used Liu Shi Trading to place bids? Spending nine hundred million on a piece of worthless wasteland that nobody wants, is he crazy?"

Xiao Wang spoke up: "Feng Laoban, since you started your business in Shencheng, you should have heard something about the background of Lou Shi Real Estate, right?"

Feng Laoban nodded immediately: "There is indeed such a company. In the last two years, they have acquired quite a few good plots of land, built several housing developments, and even helped Du Cheng from Hong Kong build a large electronics city. Could it be... that this company is also related to the person at the auction?"

Xiao Wang chuckled and pointed his finger: "That female boss of Lou Shi Real Estate with the surname Lou is this man's fourth concubine."

Feng Laoban cursed on the spot: "A troublemaker—this is just a troublemaker!"