What is Guangzhou Liede?

Guangzhou Liede is a wealthy village in Guangzhou, and Liede is an urban legend in Guangzhou. Once, Liede was the poorest urban village in Tianhe, Guangzhou; now, anyone looking for a security guard in Liede Village might be a multi-millionaire.

In May 2007, Liede Village announced the launch of urban village transformation, becoming the first urban village in Guangzhou to undergo overall transformation. Leveraging on the momentum of the construction of Zhujiang New Town, Liede Village was demolished and built 37 rebuilt houses, becoming a new player in the CBD area. It has become one of the richest villages in Guangzhou. Many villagers were assigned multiple relocation houses in Zhujiang New Town, and their net worth doubled overnight, with some villagers having assets exceeding 10 million yuan.

Each family in Liede Village is allocated more than five houses, and some are even allocated more than 20 houses. Based on today's housing prices in Guangzhou, each house costs more than five million. Many villagers in Liede Village rent out their houses, and the rent alone can reach hundreds of thousands a year. They can live a prosperous life by collecting rent without having to go to work.