Outsider: The Fifth Young Master of the Kang Family

"I know where to make money."

Two days later, sisters Jin Yinzhu and Jin Xiufeng excitedly shared their latest research findings on real estate speculation with everyone, "Asian Games Village!"

"Are you talking about the Asian Games Village in Cantonese?" asked the second brother, half confused and half surprised.

"It's the Asian Games Village in Guangzhou." Jin Yinzhu nodded.

Ah Yao frowned upon hearing this and said speechlessly, "Do you know anything? It was only two months ago that it was confirmed that the 2010 Asian Games would be held in Guangzhou. The site selection for the Asian Games Village has not even started yet. Where are you going to speculate?"

"That's right." Everyone nodded in agreement.

"It's no wonder that you Cantonese people can't make money." Jin Yinzhu and Jin Xiufeng looked at each other and smiled, then gestured with their eyes and said, "It's because the location of the Asian Games Village has not been chosen yet that there is a possibility of appreciation. Just like the Asian Games Village in Beijing, it was still a piece of farmland before it was opened, but now it's sold for more than 10,000 yuan per square meter."

"Besides, once the location is chosen, will it be our turn to speculate? Who will be willing to sell by then?" Jin Xiufeng added.

"Listen to this, listen to this. It's no wonder that she has attended that crash course in real estate speculation. It's really different. There are all kinds of reasons." Xianglan said with emotion. When they were chatting before, she knew that Jin Yinzhu and her partner spent one thousand yuan to attend a crash course in real estate speculation and then came to Guangzhou.

Everyone understands the logic, but Guangzhou is so big, and even the Asian Games Organizing Committee has not been established yet. How can we guess where the Asian Games Village will be chosen?
The most important thing is that Kang Qirui knew that the Asian Games Village in Guangzhou did not soar like the Asian Games Village in Beijing, but eventually became a low point for housing prices in Guangzhou.

Kang Qirui saw that the other members of the Kang family were somewhat moved by what Jin Yinzhu and Jin Xiufeng said. After thinking for a while, he advised: "Don't think about it too simply. The Asian Games held in Guangzhou and the Asian Games held in Beijing are not the same thing at all. Whether the Asian Games Village will appreciate in value or not cannot be generalized."

"Handsome boy, do you know any inside information?" The second brother patted Kang Qirui's thigh and asked. He was very interested in the Asian Games Village.

Kang Qirui glanced at the second brother and said helplessly: "Do you need inside information? You only need to think about the Sixth and Ninth Games to understand the attitude of Guangzhou City towards hosting large-scale sporting events."

"What do you mean?" Everyone looked at each other, no one understood. Even A Yao, who worked in a government agency, didn't understand what Kang Qirui meant.

"The Asian Games held in Beijing fourteen years ago and the Olympic Games to be held in four years will both serve as a business card, allowing Asia and the world to get to know China again, and showing the world the series of great achievements our country has made in just a few decades. This is the task that Beijing needs to undertake as the capital, so what is the purpose of our Guangzhou city hosting the Asian Games?" asked Kang Qirui.

Everyone shook their heads. Kang Qirui sighed and continued, "If the capital holds sports events to show itself to others, then Guangzhou holds sports events to develop itself."

Relying on sports events to promote urban development has always been the model of Guangzhou. The 1987th National Games in 2001 promoted the development of the new CBD of Tianhe Sports Center, and the th National Games in accelerated Guangzhou's second eastward expansion - the development of the new Dongpu area.

In 2000, through administrative division adjustments, Guangzhou resolved the long-standing dilemma of limited urban development space and tripled the land area directly under the jurisdiction of the municipal government, providing a huge platform for urban industrial and spatial expansion. The government finally determined the overall urban construction strategy of "expanding to the south, improving the north, advancing to the east, and connecting to the west."

However, around 2003, the central government had to tighten monetary policy and begin strict "macro-control" due to several years of credit liberalization, which led to overheating of the national economy and a large amount of overcapacity.

Therefore, Guangzhou made a decisive decision to apply for hosting the Asian Games, using major events to break through the constraints of national policies - using the Asian Games as a "big lever" to leverage the country's strict macro-control policies to obtain more policy resources and ensure and implement the established urban development strategy.

More importantly, according to past experience, we can use this as a banner to rally the people, build consensus, sacrifice some short-term and local interests, and unanimously promote the construction of major infrastructure.

After Kang Qirui's lengthy explanation, everyone came to their senses. A Yao said, "You mean that now that the country doesn't allow us to spend money, we should use the name of the Asian Games to spend money?"

Kang Qirui nodded and said, "That's right. Major international events like the Asian Games are related to the country's image. They can't stop us from spending money, right? For example, the rail transit network in the city development strategy was originally not allowed to be built with money, so can we build it in the name of the Asian Games? We can't let foreign athletes come to participate and get stuck on the road, right?"

"For example, the Asian Games Village you just mentioned, and the core new city of the South Extension Axis that I just mentioned, can it be renamed Asian Games City and continue to be built?"

Everyone was immediately impressed by Kang Qirui's idea. According to this idea, Guangzhou's bid for the Asian Games really revitalized the bad situation that the original urban development strategy could not be promoted due to the tightening of policies. Kang Qirui was indeed not talking nonsense. For the 2010 Asian Games, Guangzhou only built 12 new venues, and the others were used as venues left over from the two National Games. It spent more money on implementing the established urban development strategy - completing the 250-kilometer rail transit network, improving Guangzhou University Town, expanding the new Baiyun International Airport, building the Nansha deep-water port area, Guangzhou New Railway Station, and launching Guangzhou New Town.

The famous Cantonese Tower, the beautiful Haixinsand, Asia's largest and the world's second largest bus rapid transit system BRT, and the transformation of urban villages such as Liede and Pazhou were all completed under the pretext of the Asian Games.

(As an aside, the water opening ceremony of the Paris Olympics was left over from the 2010 Asian Games.)
But Jin Yinzhu and Jin Xiufeng still didn't understand one question. They asked, "Even if what you said is right, the Asian Games Village is the original core new town of the South Extension Axis, but it has changed its name, so it won't hinder property speculation, right? It's the Asian Games Village, so its value will appreciate."

Er Lao thought what they said made sense, so he stared at Kang Qirui with them to see what he had to say. Kang Qirui said, "Do you know where the core new city of the South Extension Axis is? Let me tell you, it's in Shilou Town, Panyu."

"It is far away from the city center, with weak surrounding industrial base, and relatively underdeveloped supporting facilities such as public transportation and education. What value does it have after the Asian Games? It will only become a sleeping city with no people during the day and a city at night. So I say that Guangzhou Asian Games Village has no value for speculation, but if you live there yourself, it is definitely a large-scale market with just-in-time demand."

Kang Qirui's words were like pouring a bucket of cold water on Jin Yinzhu and Jin Xiufeng's heads. His words were well-reasoned and were approved by everyone present.

Even the second sister-in-law who was sitting next to the sisters Jin and Yinzhu sighed and said, "That means there is no hope. It seems that you will all get nothing this time."

Kang Qirui thought about it, and considering that Jin Yinzhu and Jin Xiufeng were not professional property speculators, he still revealed a little information he knew, "In fact, the Seaview Garden you saw before is quite good. It is right next to Huangpu Avenue, and Metro Line 5 has officially broken ground. After the completion of the South China Expressway, the entrance and exit will be nearby. These are all factors that will increase its value in the future."

"A subway entrance and a highway exit. Yes, yes, this property is good." The second brother is very interested in speculating in properties. He has bought several houses with Kang Qirui before, and their values ​​have basically appreciated by 20% to 30%. So in fact, he is more interested in speculating in properties than Jin Yinzhu and Jin Xiufeng.

Jin Yinzhu and Jin Xiufeng are different from the second brother. They don't trust Kang Qirui that much. They just said they would think about it again and haven't made up their minds yet.

In order to speculate on the property, the second brother and his wife directly called Su's father and mother from Chaoshan. "Good morning, mom." The second brother opened the door for them early in the morning and welcomed them into the Kang family.

"Why are you here so early?" Mommy just got up.

"It's Achan's mother. After she talked to Achan on the phone last night, she said she would come to Guangzhou this morning. She urged me to catch the bus before dawn." Father Su took the tea poured by the mother and laughed.

"Mother-in-law, you are so naughty." The second brother said with a smile, "You were joking with me on the phone last night, but now you come here with money so early. Thank you so much." As he said that, he was about to go up and shake hands with Su's father and mother. Su's father shook hands with an embarrassed look on his face.

Mother Su pushed the second brother's hand away and asked, "Who will bring money to you?"

The mother listened for a while and asked worriedly, "A Zong, why do you want to borrow money?" The second brother didn't want her to worry, so he immediately came to the mother and whispered, "It's real estate speculation. It's the Seaview Garden that A Rui mentioned yesterday."

The second brother's current liquid funds are only enough to buy a house. He thought that his father-in-law and mother-in-law's money would just be sitting there anyway, so he might as well lend it to him to speculate in real estate.

"Mom, you didn't lend me money, so what are you doing here?" Second sister-in-law asked in confusion. She thought for a moment and said, "Adi and Amei are traveling, and you didn't come to see them, so why are you here?"

"Let's go out." Su's mother smiled and said, "Let's go buy a house together with your father."

"Ah? You two are speculating in real estate on your own?" The second brother and his wife were stunned.

Mother Su nodded and said, "Yes, after you called me yesterday, the more I thought about it, the more I felt it made sense. The sea view garden you mentioned will really appreciate in value in the future."

Father Su also laughed and said, "It's better for me to do it myself than to lend you money to start a business. At least I am used to doing business, and profit comes first." (End of this chapter)