Chapter 178: Slaying a Village Chief (Fifth Update)_1

The baseline for relocation compensation was set by Nie Zhenbang himself, a time when the real estate industry was not particularly booming in China. Some privately owned real estate businesses existed in the coastal areas of the east, and in the west, like in Urumqi, the first real estate company was just emerging. As for Bazhou and Lixian, at this time, houses were mainly financed by units or distributed among them. Even though the housing reform policy had been in effect for quite a few years, in many places, houses were subsidized by units and sold at low prices.