章 518: Chapter 477: Lin Zhengxing's Dominance_1

Mayor Nie's words silenced everyone in the room. The atmosphere in the private room became awkward. Ma Fei, a master at lightening the mood, knew better than to speak at this moment. As an experienced veteran, he certainly knew when to stay quiet.

Everyone clearly knew that Mayor Nie was hosting a lavish reception for the visiting investors in Wanghai City. Ordinarily, the mayor's attentiveness would indicate that all departments were fully supportive and eager to facilitate the process for the investors. However, nobody expected that Mayor Nie would bring up land auction as soon as he spoke.

As everyone knows, land transfers in China usually take one of three forms: invitation to bid, auction, or listing. Invitation to bid means that the government or land department invites specific, or non-specific companies to bid. Later, these companies compete and the one with the most favorable conditions would earn the land development rights.