Chapter 177: The First Land (Third Update!)

Entering November, the newspapers are reporting a news that Xiangjiang people like to see. Pen, fun, pavilion www. biquge。 info

That is, the second subway line in Xiangjiang, the Tsuen Wan Line, has entered the construction process.

From those foreign TV reports and real experiences, we can know that after the subway is repaired, people's travel will become more and more convenient, and of course they will like it.

From the approval of the Xiangjiang government in July 77, it has been more than a year since the construction of this subway began, and the preparation work during the period can be imagined.

The process is hard, but the result is joyful.

The Heung Kong Metro is a very typical success story.

Not only because it created the myth of the value of the world's most profitable subway superstructure, but also because of its successful operation.

With so many complicated lines, so many miles, the Heung Kong Metro did not cost the Heung Kong government a penny, not only did it not spend money, but it also kept making money for the Heung Chiang government. - You must know that although Japan's Tokyo subway is also making money, and using more people than Xiangjiang, its cost and maintenance are also astronomical, and the profits are far less high than that of Xiangjiang Metro.

The first reason is that the Hong Kong Metro, like the Tokyo Metro in Japan, is one of the most frequently used cities in the world, but the most important reason is that the Hong Kong Metro Group has obtained land along the subway line.

The subway group basically doesn't have to do anything, as long as it tells the real estate developer that I want to build the subway here, then the real estate developer will rush over with a check, just to get the right to the property on the subway at the exit of the subway.

In fact, at the beginning, the subway group did not intend to share this piece of fat with others.

In their opinion, I have such good resources, and the government is so powerful, as long as I build the subway wherever I go, the ownerless land is ours, why should I share it with you real estate businessmen?

Therefore, in 1975, when the construction of the first subway in Xiangjiang began, the subway company borrowed money from the bank itself.

They used their own line, there was no land, and they hadn't even built it, so they borrowed more than 500 million Hong Kong dollars from the bank.

None of them could have done that with any other company.

Only this subway company, which will become the property cornucopia of Xiangjiang in the future, can have such great charm and be so favored by banks.

But I didn't expect that repairing the subway was so difficult, the cost was so large, and after more than a year of repair, the subway company was almost crushed by the high cost.

As a last resort, in January 1977, the MTR Company announced that it would put up a tender for the properties above the Central MTR station and the Admiralty MTR station, and use two pieces of fat to lure the real estate developers to make up for the serious losses of the MTR company.

Then a group of real estate developers, whether British-funded or Chinese-funded, directly became pig brains.

They're not stupid, anyone knows how fat the superstructures in these two places are, and even if they choke on them, they will never give up!

If you want to put them all in a courtyard, if one person gives a knife, it is estimated that they can directly come to the battle of the century.

The final result, as everyone knows now, Li Chaoren almost did not make any money himself, and gave more than 90% of his interests to the Xiangjiang Metro, and finally won the rights and interests of the properties on the two subway stations.

And then the result, everyone has also seen, Cheung Kong Group developed the two commercial buildings of Global Building and Haifu Center at the fastest speed, and they were sold out in the blink of an eye, which not only amazed the people, but also let these real estate developers know how much money is robbed of the property on the subway station.

It's a pity that now Li Chaoren has made a reputation, which makes Xiangjiang Metro very satisfied with this person, and they all tend to cooperate with this middle-aged man who does things neatly under the same conditions.

In fact, this also laid the groundwork for the second super large order of the auction of properties on the subway superstructure, which made several large real estate developers in Xiangjiang directly hit the street, and it took many years to recover.

I won't mention this matter for the time being.

The dividends of the first line of the subway have long been exhausted, and if you want to deal with the subway again, it will have to be two or three years later.

Yin Jun is also not willing to spend his energy on the subway building property at all.

Xiangjiang has so many opportunities to make a fortune, and Yin Jun's strength is not strong, how can he compete with a group of rich real estate tycoons?

Speaking of opportunities to make money, the Zhao family in Tin Shui Wai, after such repeated communication and negotiation with Yin Jun, finally came up with a feasible condition.

Yin Jun can purchase a 5 million square foot area between Tin Sau Road and Tin Shui Road in the north of Tin Shui Wai from Luen Tak Trust in the form of a cash payment of 10 million, a 25% profit dividend, or a 25% return of the property.

Among them, 10 million cash will be paid on the day of signing the contract, and 25% of the profit dividend will be paid within half a year after the pre-sale of the house begins, and if it is 25% of the real estate return, it must be 9:1 for housing and shops, but the Zhao family must be notified in advance before the pre-sale of the house reaches 50%, otherwise only the profit dividend will be paid by default.

Yin Jun's promise to start construction within three years, the opening of bus routes, the supporting facilities of hospitals and schools, and the opening deadline of commercial facilities were also written in the contract one by one.

For such a result, whether it is Yin Jun or the Zhao family of Liande Trust, they are very satisfied.

The price sold by the Zhao family to Cheung Kong and Wheelock was only 1.5 yuan per square foot, and the location was not bad.

But what was sold to Yin Jun was in the remote north, next to a wetland, which was even more desolate.

In terms of price, 10 million is already higher than the price of Cheung Kong Group and Wheelock, plus 25% profit dividends or building returns, according to the real estate trend of Xiangjiang and Yin Jun's promises, it will not be less than 300 million.

The Zhao family occupies a very favorable initiative.

If Cheung Kong Group and Wheelock start the Tin Shui Wai project in advance, then there is an expectation that housing prices will skyrocket, and they will take Yin Junxiu's house and keep it for appreciation.

If the time for Cheung Kong Group and Wheelock to start the project is far away, then the Zhao family will choose to take 25% of the cash dividend income, which is the safest.

However, the Zhao family didn't know that it was Yin Jun who really took advantage of it.

Originally, Yin Jun was also going to use 150 million yuan to buy the land in Tin Shui Wai, although this is also paid in installments, but so much money will inevitably empty Yin Jun's savings, and make Yin Jun owe the bank a lot of loans and bear too much interest.

Although Yin Jun is not afraid of owing money, this also has a great impact on Yin Jun's other developments.

Now, the down payment is only 10 million, and Yin Jun's cash in hand is enough to pay now, and there is no need to take out a loan at all.

As for repairing the house and selling the house, for Yin Jun, it is not a problem at all.

The teenager who came back in 2020 has already experienced many ups and downs in the Huaguo property market, even if Yin Jun doesn't care about the property market, he has learned a lot of things in the noise of experts and ordinary people.

How can a real estate project be hyped up, how can it be done well, how can it be sold well, at this time, no one can do it better than Yin Jun.

Of course, if you want to do so well, you must also plan carefully, and the necessary preparations are absolutely indispensable.

Three years is a preparation time that Yin Jun has fought for himself.

In the past three years, Yin Jun needs to gradually improve his investment plan and obtain more resources to better build the real estate project in Tin Shui Wai.

But in any case, thousands of high-rise buildings start from the ground, and Yin Jun has now successfully taken the first step, which is a successful beginning!

The contract was signed at the head office of Heung Kong Commercial Bank.

Since the contract had already been handed over to the Planning, Environment and Land Administration Section of the Xiangjiang Government, there was no problem with the contract, and Zhao Pingquan, the representative of the Zhao family and the chairman of the Liande Trust, and Yin Jun signed their names on the contract.

When Zhao Pingquan waited for the Zhao family to leave, Chen Youhan called Yin Jun to the conference room and asked worriedly, "Ah Jun, you have never touched real estate at all, why did you suddenly buy a piece of land, and it is such a remote place in Tin Shui Wai? Even if you want to buy land, you have to buy it in the urban area! Good land can have a good income!"

"Uncle Han, I know what to do. Yin Jun said with a smile, "Even Li Chaoren and Wheelock have attacked Tianshuiwei, and it is always not wrong for me to follow them." ”

"You...... Li Chaoren and they bought Tin Shui Wai for other reasons. Chen Youhan hesitated for a moment, but still said, "There is Derun, Li Chaoren, and their investment is not so much an economic investment as a political investment! Losing money and making money are not important to them, what they care about is how to build a good relationship with the mainland! Do you know it!!"

As Yin Jun and Chen Youhan got in touch, Chen Youhan became more and more appreciative of Yin Jun, and even he wanted to introduce his youngest daughter to Yin Jun, and then turn Yin Jun into his own family.

Seeing Yin Jun go all the way like this, he is very down-to-earth, and Chen Youhan certainly doesn't want Yin Jun to plant a big heel on the land of Tianshuiwei.

But after all, he is just an outsider, and it is not good to interfere too much with Yin Jun's investment.

Fortunately, the initial investment was 10 million, and the liquidated damages were set at only 30 million, so Chen Youhan had already stopped Yin Jun before signing the contract.

Seeing that Chen Youhan even said what Derun was involved in, Yin Jun couldn't help but smile in his heart, this Uncle Han is really a kind person.

"Uncle Han, don't worry, although I haven't done real estate, I know it in my heart. Yin Jun groaned, "I bet that the housing prices in Xiangjiang have been rising in recent years, and no matter how lagging the land value of Tin Shui Wai is, when the time comes, even if it is accompanied by liquidated damages, it will definitely earn more." ”

Chen Youhan didn't know the details of the contract, he just inquired in the morning, and when he heard Yin Jun say this, he nodded slightly: "If that's the case, that's not bad." ”

As long as Yin Jun only speculates on land and does not involve the construction and sale of houses, it is much simpler.

There are also many speculators like Xiangjiang.

Chen Youhan is also very clear about the judgment of the young man on Xiangjiang Real Estate, because he has many customers of real estate developers, and through the flow of their funds and the corresponding market reaction, Chen Youhan can also deduce some clues.

Thinking that Yin Jun had a clear mind, Chen Youhan was not worried.

Thinking about it, Yin Jun has never been blind and arrogant, nor has he shown any impetuous and radical performance, and of course there is no reason to be dizzy in real estate.

A young man like this must have full consideration in everything he does at any time, and he will never act rashly!

(There's another chapter later!) )