Xiangjiang is still as prosperous as ever.
It's also one of the cities with the highest housing prices in the world.
Over the years, my father has undertaken two land reclamation projects here, with an investment of nearly a trillion.
This has significantly improved the basic living environment for the residents of Xiangjiang.
It has also further reduced housing prices to a more acceptable level.
The reason is simple: Xiangjiang used to be small in land size, with few houses but a large population.
This led to a supply-demand imbalance, keeping prices high.
Now, due to the reclamation projects, tens of thousands of more houses have been added, causing prices to drop naturally due to high supply.
This is like the real estate market downturn that persisted from 2021 to 2028.
The mainland real estate market was in a state of decline during that period; if not for the demand from newlyweds, hardly any young people would choose to buy a house.
