Chapter 369: The Legendary Book of Rights and Interests for Land Exchange
Of course, the development of the real estate economy in Xiangjiang cannot be the only development of this one area, but the development of one place and then the development of the surrounding areas. Pen & Fun & Pavilion www.biquge.info
For example, after the development of Tsim Sha Tsui mentioned above, the Tsim Sha Tsui area has become popular, which is the same reason.
In terms of real estate prices, that is, the price of real estate in Tsim Sha Tsui will rise first, and then the price of real estate in Tsim Sha Tsui will also rise, and then drive the price of real estate in Tsim Sha Tsui, and then drive the price of further places...... So in the end, most areas of Xiangjiang will follow the price increase.
Especially in the remote areas now, even if there is no central area, the price will increase much more, but after the construction of new towns, it will skyrocket a lot.
The key is that in these rural areas now, land prices are cheap!
Therefore, if you buy it and hoard it for a few years, you will definitely have greater potential for appreciation.
The remote areas mentioned here mainly refer to the New Territories.
In the 60s, the government had begun to develop the New Territories one after another, and began to establish new towns.
Because the terrain here is very good, and it is close to the Yau Tsim Mong area, the development of Xiangjiang Island has reached the extreme, and there is no way to open up new large areas that can be inhabited, so the New Territories is the first area that Xiangjiang wants to vigorously develop.
In fact, the New Territories are mainly agricultural areas now, and most of the areas are inhabited by farmers, and there are not many urban people willing to live there.
Most of the new towns built here by the government are public housing, infrastructure, schools, shopping malls, hospitals, ...... And so on.
At this stage, it is only such a thing as public housing that will attract many poor people to come and live there.
Generally speaking, the rent of public housing is only about 20% of the rent of a rental property in the same area.
Rents in the New Territories are even lower.
According to the house that Yin Jun rented with Wei Xiaofan and Aunt Zhang before, if he was transferred to a public housing estate in Kowloon to rent, for the same rent, everyone could rent a 40-square-meter house.
This may not be much for a bachelor, but for a family of three, it is a lot of expense savings!
With the residence of this group of poor people, the new town will be brought to life and will have the opportunity to slowly develop into a mature area.
Then, five or six, seven or eight new towns scattered over a few square kilometers are linked together by roads and so on, and they become a large metropolitan area.
The next development can rely on this area to expand around.
However, the Xiangjiang government has a good idea, but it is very difficult to realize it.
The New Territories is so remote that even if anyone wants to live here, they have to go to Yau Tsim Mong to work, or even further afield to work on Hong Kong Island.
In this way, it is too hard to go to work, at least five or six hours a day on the way to and from work, ordinary people are unbearable, it is better to live near work, and then spend more time sleeping, so that work will also have energy.
So now, the new towns in the New Territories have basically not met expectations, and the number of public housing applicants here has not been enough when the city is overcrowded, which is really jaw-dropping.
However, Yin Jun knew that all this was only a temporary phenomenon.
With the continuous opening of the subway, as long as the subway can come to the New Territories, then take the subway from the New Territories, at most one transfer can reach the company to work, and the time will definitely not exceed 1 hour, so the difference between life and work is not a problem at all!
The commute of two or three hours back and forth is completely within the tolerance of any office worker.
I can go to work quickly, but the rent of the house is only 20% of the rent of the private house, as long as people who are not idiots know where to choose evil words!
As a result, public housing estates in the New Territories will naturally become sought-after steamed buns, and the number of applicants will definitely be overwhelming!
As long as it is inhabited, then the commercial development of this area can continue, and a mature commercial area can be formed.
In the future, private housing estates can also be built in this area, earning money from people who are working hard to improve their lives.
The gap between ordinary people and successful people is often due to their different vision of the future.
Ordinary people can only see things today, while successful people can see things tomorrow and beyond.
The more capable people are, the farther they see, so that the chances of success and achievements are greater.
For example, this group of Chinese real estate developers in Xiangjiang saw this development trend as early as the early 70s, so they all started some layouts.
This layout is the legendary "Type B Land Exchange Rights Letter".
In 1959, due to heavy rains, the flood washed away many rivers in Yuen Long, New Territories, and the government wanted to expropriate farmland to repair the rivers.
However, the government has to go through very troublesome procedures for land acquisition, including land purchase, compensation, and so on, and there is no way to get it down in three or five months.
In order to complete the task of restoring the river as soon as possible, the government simply sent a letter to the peasants, saying that if we occupy a piece of your land today, we will compensate you for a better piece of land in the future.
Then, the government gave the peasants a letter of rights and interests in land exchange, which is the origin of the original letter of rights and interests in land exchange.
Later, when the government expropriated land in the New Territories, it gradually began to do so.
After the landowner agrees to the government's land acquisition, the government will issue them a certificate of interest in land exchange as a certificate, and after the formalities on the government's side are completed, the certificate of land exchange rights and interests of type A will further take effect and be converted into a certificate of interest in land exchange of type B.
At this time, the letter of interest in land exchange can be used to ask the government to give you a piece of land.
For example, if the government has a piece of land to sell in the New Territories, but you happen to have such a large area of Type B land exchange rights, then you can go to the Type B land exchange rights and interests in your hand to apply to the government, and you will not sell this land and compensate me directly!
When the government sees that this is indeed a land exchange certificate issued by itself, it will definitely admit it, and no matter how other developers covet this land and how they pay a high price, it will give priority to the holder of the land exchange rights and interests of Type B -- this is a default rule in the government, and it cannot be broken easily, otherwise who will dare to believe you in the future? You said that you will pay me back a better piece of land in the future, and I will take it now, but you will not admit it?
But!
Normally, such a situation is unlikely!
Under normal circumstances, the exchange ratio between expropriated agricultural land and leased construction land is 5:2, and the compensation for expropriated construction land is naturally 1:1.
In other words, if the government expropriates 5,000 square feet of agricultural land from farmers, then the certificate of land exchange rights for him that can be used as construction land is 2,000 square feet.
The government wants to auction off the land, often starting from tens of thousands of square feet, and hundreds of thousands of square feet, which farmer has so many certificates of rights and interests in the exchange of land in his hands?
It's impossible!
But if one farmer can't do it, my ten, one hundred, and one thousand peasants' land exchange rights and interests should be fine, right?
Therefore, many real estate developers have thought of this piece, since the 70s, there have been real estate developers continue to buy the B kind of land exchange rights and interests, especially in the early 80s, when the real estate boom began, more real estate developers spent more money, put away the farmers in the hands of the B kind of land exchange rights and interests.
Some reports say that in the early 70s, several major real estate companies went on a large-scale and crazy purchase of Type B land exchange rights.
This statement is patently false.
First of all, in the 70s, the so-called Sun Hung Kai, Henderson Land, Nan Fung Real Estate and other companies have just developed, with a value of tens of millions, one or two hundred million, and there is not much cash available.
Moreover, since the Type B land exchange rights and interests are only issued in the New Territories and can only be used in the New Territories, even if some people have thought of this matter, but in the early 70s, there were so many cheap land waiting to be developed in Yau Ma Tei, Tsim Sha Tsui, Mong Kok, Kowloon, Central, Sheung Wan and other areas, what am I doing in your New Territories hoarding land?
A complete waste of resources and energy!
It was in the past two years, when the housing prices in the urban area became more and more expensive, and the real estate developers had more and more money in their hands, they began to slowly pay attention to the B type of land exchange rights and interests, and began to acquire one after another.
Among them, the most powerful and determined is Li Zhaoji and Li Sishu.
Henderson Land, as one of the four major real estate companies, is the latest company, but it has come from behind, and Li Zhaoji directly ranks second on the list of Hong Kong richest people by virtue of Henderson Land, for two reasons.
The first is to acquire the property rights of the old houses in the urban area layer by layer, and after accumulating the complete acquisition, the building will be demolished and relocated, and a taller and better building will be built again.
In order to do this well, Li Zhaoji specially sent people to the Chinese settlements in the United States, Canada, and Australia to buy their properties, because those people basically did not return to Xiangjiang, and when they met the right price, they sold them - they did not know much about the ever-changing environment of Xiangjiang, so many times the price was lower than the market price.
As a result, Li Zhaoji has accumulated a large number of real estate certificates, and he will be able to make a lot of money whether he builds it himself or sells it to the government for demolition and relocation.
The second is to hoard a type B land exchange rights in the New Territories, and Henderson Land's development in the New Territories is the first of the four real estate companies, and often they can get the best land, the reason is that the priority of this type B land exchange rights and interests is above.
It's just that Li Zhaoji's Henderson Development will not be listed until almost two years later, and it will be until that time that Li Zhaoji will increase his efforts to acquire the second type of land exchange interest.
It can also be understood from this that in fact, in 1979, not many people can really make up their minds to spend a lot of effort to acquire the second type of land exchange interest.
Compared with the inventory in the hands of farmers in the New Territories, the real estate developers bought only a small part.
Yin Jun has read a piece of information, 80 years ago, farmers still had a large number of B land exchange rights and interests in their hands, the number of which exceeded tens of millions of square feet!
It's not that real estate developers are unwilling to buy, but farmers are not stupid, knowing that this is a money-making thing, how can they sell it at a low price?
On the one hand, farmers are constantly raising prices, and on the other hand, there is really no hope of developing the New Territories for a while, so real estate developers are not very determined to buy.
Only after Li Zhaoji got Henderson Weiye listed, and he had enough money in his hands, would he boldly buy the B land exchange rights and interests at a high price, and then he achieved his greatest achievement in this regard.
Yin Jun is the one who has read the biography that Li Zhaoji asked someone to write for himself, so no one in Xiangjiang knows better than him the power of the letter of land exchange and the value of the land that it represents later as expensive as gold.
Before, Yin Jun had no money to buy it.
After all, if you don't buy tens of thousands of square feet of rights, it is useless, so it is better not to buy it.
What Yin Jun hopes is to come and sweep the goods, with an uninterrupted, indomitable attitude, to hold a large number of Type B land exchange rights and interests in his hands - before others fully react.
You know, other real estate developers are not stupid.
Especially now that the subway has been opened, at most next year, they will be able to see the real changes that the subway has brought to the lives of Xiangjiang people.
Once the remote distance does not form an obstacle, then the land on this side of the New Territories is likely to become fat meat for them to watch.
Yin Jun's large-scale acquisition, others will definitely ponder.
In particular, a few large real estate companies that have already started to acquire will definitely find something wrong and join in.
But they are not one-man companies, they all need to communicate with the top and bottom, and then they have to mobilize funds, build a good relationship or something, and this reaction time will take a while.
What Yin Jun has to do is to get a large number of Type B land exchange rights and interests within three months before they react.
Compared with his previous fantasy, Yin Jun is now rich.
Each issue is 7.2 million volumes, a pre-tax profit of 30 million a month, and Xiangjiang's tax is paid once a year, and this year's tax can be paid before April of 81, which gives Yin Jun a lot of time to turnover.
Coupled with the 8 comics that began in November, a total of 8 million copies were sold, and at an average price of 8 Hong Kong dollars per book, one episode was published every two months, and Yin Jun could have a pre-tax profit of 10 million a month on average.
Such 40 million Hong Kong dollars is enough for Yin Jun to continue to acquire the second type of land exchange rights and interests!
Not to mention that as long as we wait until June next year, the Wharf dispute between the charter king and Niu Bijian will come to an end.
Even in this life, under the fanning of Yin Jun, Hang Lung Group's acquisition of Taohua Datong can be advanced.
With this windfall of Hang Lung Group, coupled with the accumulated funds in hand, we will be able to sweep all the way after the Spring Festival!