Strolling around the construction site was just a stop along the way.

Su's father invested in two cultural tourism cities, not to earn a few hundred million in "small change," but to bet on the soaring housing prices that would follow the marketization of the mainland real estate market.

Therefore, the development progress in Pengcheng was slow and unhurried.

The one outside Guangzhou was even slower, just starting to lay the foundation. The plan was to start with the shopping mall, then build the landscaping, parks, schools, and so on, and finally sell the residential properties.

The rationale behind this was simple.

First, with housing prices low in the short term, they could hold onto the land and wait for it to appreciate.

Second, with the environment and surrounding facilities in place, the houses could be sold for even more.

According to Su's father's idea, it would be developed as a wealthy area in the future. The living environment in the city was generally poor, with too many dilapidated old houses. His cultural tourism city would be like an independent small town, not far from the city center, integrating offices, commerce, schools, and medical care.

It would be a waste of such a large investment if the prices weren't high.

Another reason was that Su Yehao had built up his business, and his father had no worries and didn't need to rush back to replenish funds. Holding onto the land without starting construction was a violation, but with such a large plot of land, a longer development cycle was reasonable.

Once the shopping mall and office buildings were built, they could be mortgaged to the bank for more loans, and then they could try to acquire land elsewhere.

This was the reasonable way to play the real estate game.

When the three hundred million U.S. dollars that Su Yehao was supporting arrived, the Su family's total investment in the mainland real estate industry would reach as high as five or six billion RMB.

With such a huge amount of start-up capital, it would be a waste of the opportunity to make money using bank resources if they didn't leverage real estate worth two or three hundred billion. Considering that they would likely make a killing this year, and the rate of return on investment in the Internet would sharply decline in the next few years, Su Yehao did have the idea of increasing investment in the mainland.

After all, as an outsider, grabbing dividends in the United States was a bit risky, and the eggs couldn't be put in the same basket.

When you have a certain amount of money, the priority is often not to make more money, but how to be safer. Moreover, increasing popularity in the mainland and building good connections would mean that high-yield projects would be available to choose from in the future, which might not necessarily be less profitable than continuing to invest in Silicon Valley.

The competition in Silicon Valley was too fierce, while Su Yehao had an absolute advantage in the mainland's Internet, real estate, and other markets.

Therefore, this trip to Pengcheng also had a bit of market research to it.

Before, he didn't have much money in hand, but this year he planned to reduce his holdings and cash out. He could take a look around first and find some targets to start with...

The Spring Festival hadn't arrived yet, but the streets already had a bit of a festive atmosphere.

Small stalls on the roadside were selling Spring Festival couplets and lanterns, and people were coming and going, very lively.

Su Yehao, who had been coming to Pengcheng often in the past two years, didn't feel much. He only noticed that many old houses had been demolished, the city had become more beautiful, and the management had begun to catch up, tightly organized, with city management chasing after street vendors.

It wasn't his illusion that the order on the streets had improved. Since Pengcheng pioneered the "comprehensive law enforcement model" last year, many vendors who came to make a living had suffered.

Originally, it was a new city that had developed with the reform and opening up, with relatively reasonable planning and beautiful buildings. The renovation and demolition work was not so difficult. The vast majority were immigrants who had poured in over the past two decades, with relatively high incomes.

In terms of modernization, it seemed a bit more advanced than Si Jiu City, with construction teams everywhere.

Sitting in the Mercedes-Benz, Su Yehao felt the vigorous vitality, but it was difficult to empathize with.

This may be because his net worth exceeded that of the mainland's richest man. He didn't have to worry about work, nor did he have to worry about starting a business. Most of the time, he could just enjoy himself comfortably. He knew what the future held, so there was no need to yearn for it.

Opening the window and smoking a cigar, Su's father remembered something and turned to ask, "By the way, son, you got a piece of land in the High-tech Zone, right? When do you plan to start building? I heard someone mention it when I came over for dinner last time. With so few people in your company, what are you going to do with such a large piece of land?"

"It's not that big, only forty-odd *mu* (unit of area), it'll be gone after building a few buildings."

Su Yehao choked on the smoke, thinking that he really was his own son, not caring about him at all. He also opened the window to ventilate, and continued:

"There's no one in the High-tech Zone now. Taking advantage of the preferential policies, and since they took the initiative to attract investment and found me, I took it first. I won't use it recently, but it might not be enough next. When I build it up next year, my tAt instant messaging software and tot search engine can move in. High-speed broadband is being built here, and it will be very convenient to surf the Internet in the future. The number of netizens will definitely explode then. The key is that it's very cheap, but unfortunately, I don't have enough employees, so I can't take more land."

"How cheap is it?"

"Six hundred thousand per *mu*, and if the investment scale reaches a certain amount, they will refund part of it to me, which is almost like giving it away for free." Su Yehao said with a smile. At the moment, the efforts to attract investment were great, and the location of Nanshan High-tech Zone was not bad.

Once it was built into an office building, it would become a high-quality asset in the future, and the land price was still quite valuable.

After hearing this, Su's father was a little envious and speechless, "My investment scale is not bad either, why don't they refund the money for the land to me?"

"As long as the investment scale is in place, it can be discussed. If you come over and invest two or three hundred billion RMB, maybe they won't charge you for the land."

Su Yehao continued:

"You're doing real estate business, while I'm a high-tech entrepreneur, how can you compare? This place values industrial upgrading the most now. Workers in clothing factories produce hundreds of millions of clothes, but they can only exchange them for a large airplane, and the subsequent maintenance costs money. There is no shortage of labor-intensive industries now. It is reasonable to give me preferential treatment, and I promise to invest at least 1.5 billion RMB in the high-tech industry in the next five years. The money for building the headquarters is not included."

In recent years.

Labor-intensive enterprises from all over the world, especially those severely damaged in Southeast Asia, have flocked to the mainland to develop.

As early as 1996, Nanshan High-tech Zone was established and began to pay attention to technology industries with higher added value.

As a *Du Cheng* (Casino) native who had made a name for himself in the United States, as a shareholder of Yahoo, one of the world's largest Internet companies, and having invested in several companies in Pengcheng, it would be strange if the local government didn't pay attention to Su Yehao.

After the Forbes Rich List was announced last year, Pengcheng had helped Su Yehao max out various "skill points," including giving people, land, preferential treatment, and support.

As long as he was willing to come and invest, many things were easy to discuss. For example, the piece of land in the High-tech Zone, he didn't have to worry about it from beginning to end.

In fact, judging from the current size of the enterprise, Su Yehao was far from being able to get forty *mu* of land, but considering the existence of Sihai International, it was estimated that they felt that giving more land could attract more money for investment and construction, driving economic development, so he asked for more at that time, and the above agreed without saying a word.

His land was close to the Shahe Golf Club and not far from Sihai International Cultural Tourism City. There would be a subway station next to it in the future.

There were benefits to entering early, and Su Yehao naturally chose the best one.

After listening, Su's father shook his head and smiled, "Investing 1.5 billion RMB in five years, no wonder the land price is so low. I won't lose much buying land, anyway, I have a good piece of land. If you lose money, you will really lose money."

Su Yehao didn't care, and casually said, "As long as I don't lose money, it's no big deal..."