Chapter 2490: Development Potential

Chapter 2490: Chapter 2490: Development Potential

The owner of this courtyard was just an ordinary adventurer of the Immortal Charm realm. Recently, the property prices in Hongmeng City fluctuated like a roller coaster, making him very uneasy. Unable to bear it, he decided to list the courtyard for sale in hopes of minimizing his losses. However, there was no interest from buyers. Only last night did he retract the for-sale sign, having come to the realization that, since it’s his only residence, the price wouldn’t matter as it’s for personal use.

The original owner didn’t expect that barely half a day after he removed the for-sale sign, someone would come asking to buy the courtyard.

He had already decided not to sell, having changed his mind previously, so when someone came knocking, he wasn’t easily swayed.

Those two cultivators, seeing the owner’s firm stance, gritted their teeth and said, "Alright, two hundred and fifty million Black Crystal Stones, that’s the most we can offer. If you’re willing to sell the courtyard, we can complete the transaction now; I have the sufficient amount of Black Crystal Stones with me."

The owner’s surprise grew as these two were so insistent on buying the courtyard. The owner hadn’t heard the news of the Golden Toad Chamber of Commerce entering Hongmeng City, which made him wonder. The courtyard, which had no takers at even one hundred and fifty million Black Crystal Stones yesterday, saw a price surge overnight?

The courtyard owner wasn’t foolish.

The offer of two hundred and fifty million Black Crystal Stones was already quite a good deal. He spent less than three hundred million Black Crystal Stones purchasing the courtyard. Selling it at two hundred and fifty million would mean his financial loss wouldn’t be too severe, much less than if he transferred it at one hundred and fifty million. But the urgency displayed by these two made the owner suspicious; he wondered if something had happened that he wasn’t aware of.

"I’m sorry, but I’m not intending to transfer this courtyard, please leave," the owner decisively told them.

Though a bit unwilling, since the owner didn’t want to sell, the two had no choice but to regretfully turn and leave.

At this point in Hongmeng City, similar phenomena were happening frequently. Some quick-thinking merchants began to buy up properties aggressively, often with considerable markup. Of course, they wouldn’t increase the price too much. Everyone knew that Hongmeng City was expanding its outer city very extensively, and soon, Hongmeng City would offer countless properties.

If the number of cultivators coming to Hongmeng City doesn’t increase significantly, even with the Golden Toad Commerce’s presence, property prices wouldn’t skyrocket. For now, signs of a massive influx of cultivators into Hongmeng City are not visible. After nearly a hundred years of development, Hongmeng City currently has a population of two million.

If no special events occur, the city’s population is unlikely to soar, and any increase would be relatively slow.

Ultimately, after rapidly returning to initial levels, property prices in Hongmeng City only rose very slowly thereafter.

Dingyun City, Tianyin Building Subdivision.

"Damn it, why would the Golden Toad Chamber of Commerce settle in Hongmeng City?" Wuling Building Master roared furiously upon hearing the news from Hongmeng City.

Just when it seemed like Hongmeng City would collapse internally, the sudden arrival of the Golden Toad Commerce rapidly dismantled the hardships facing Hongmeng City.

"Lord Building Owner, the Golden Toad Commerce is truly despicable. That Hongmeng City Jing Yan humiliated them harshly and even killed some of their people. Now they’re helping Jing Yan stabilize the city. What are those Golden Toad Commerce people thinking? Are they fit to be called a superpower?" One of Wuling’s subordinates said venomously.

"Who knows what those idiots are trying to do! They’re all contemptible!" Wuling banged on the table.

"With the Golden Toad Commerce settling, Hongmeng City’s properties certainly won’t collapse," another person shook his head saying.

"With the Golden Toad Commerce’s presence in Hongmeng City, it seems like the city’s properties will continue to appreciate. Lord Building Owner, should we secretly buy some too?" Someone suggested.

Previously, the biggest force entering Hongmeng City was the Jade Flame Business Association, which, although strong, wasn’t a true superpower.

A new city, if it has good development potential, offers a quick way to earn Black Crystal Stones by buying property. In major cities, property prices are already excessively high, and even if purchased, the rate of appreciation is slow. But Hongmeng City being a new city is different; with Golden Toad Commerce settling, it’s enough to drive property prices up quickly.

"No need for that!" Wuling shook his head and said: "If it was before the Golden Toad Commerce settled in Hongmeng City, buying property extensively could make a fortune. Now, the timing has been missed, and Hongmeng City’s property must have returned to its original level. Even if there’s room for further appreciation, it won’t be much."

"Lord Building Owner is correct!" Someone immediately echoed.

"Indeed, unless more big forces settle in." Another person nodded.

"More big forces? Hmph, we still don’t know how a single Golden Toad Commerce emerged, let alone expecting more superpowers to settle in," Wuling snorted coldly, showing disdain.

Hongmeng City, City Lord Mansion.

"Bai Han, what is the current property level in the city?" Jing Yan asked Bai Han.

Now, it has been a month since the Golden Toad Commerce publicly settled in Hongmeng City.

"For a standard courtyard, the price is now around three hundred and fifty million Black Crystal Stones," Bai Han responded.

In Hongmeng City, a standard courtyard typically accommodates about five people and isn’t large. What Bai Han referred to were ordinary residences, not the ones in desirable locations.

Before the City Lord Mansion decided to levy taxes, the price for a standard residence in Hongmeng City was about three hundred million Black Crystal Stones.

"The price has been rising very slowly," Bai Han added.

"Yes, that’s expected. Our Hongmeng City, the outer city’s expansion is progressing swiftly," Jing Yan nodded, smiling: "Everyone knows that once the outer city is completed, the supply of properties in Hongmeng City will drastically increase. At that time, property prices are bound to drop."

"By the way, has any major force secretly purchased property in Hongmeng City?" Jing Yan asked again.

Bai Han shook his head and said: "According to the information from Supervisor Ru Li, only the Golden Toad Commerce among superpowers has bought a significant amount of property in Hongmeng City. As for other superpowers, nothing has been detected."