Chapter 464: Real Estate Promotion

Wansheng Real Estate's new development in Causeway Bay was set to launch in July. Property prices are rising, with housing prices different every month, all climbing. However, Nie Zhan did not raise the price for this project; it was still sold at the price it was three months ago.

By mid-August, when the project in Mong Kok launched, they lowered the price by 20 Hong Kong Dollars per square foot for bottom-floor and less desirable units. Not only that, but there were also raffles to give away gifts, and anyone who bought a flat could get a souvenir when they left.

This news spread quickly, and many people thought Nie Zhan had gone mad. Some speculated that Wansheng Real Estate might be having cash flow issues because, otherwise, why would they reduce prices in a booming property market? When reporters interviewed Nie Zhan, he said the company had a relatively high debt ratio and wanted to recoup some funds earlier to pay off part of the debt.