Chapter 124 Kowloon Village Development Plan
Hearing the news that there was money to be made, Tiffany and the others were all in good spirits. Pen ~ fun ~ pavilion www.biquge.info
No one is not interested in this kind of thing.
Park Min-ah is also in a good mood, otherwise she wouldn't deliberately sell off a few people.
"Nestlabs, the smart home company founded by Tonyfadell, the father of the 'iPod'...... Well, it's a leader in the smart home market, and the main products are the Nest thermostat and the Protect smoke detection alarm, which is installed in the home. The former is not only beautiful, sleek, but also digitally aware, with a great user interface, a large number of sensors, Wi-Fi network connection, and the ability to understand the user's usage habits, which many people call the 'temperature measuring iPod', while the latter can be connected to a Nest thermostat, which can be adjusted to the environment and the user, and can be controlled by a smartphone or tablet. Well, in the last month of last year, the average monthly sales of Nest have reached 40,000 to 50,000 units......" Park Min Ah detailed for several people.
Yori and Jessica all thought of what Park Ji-hoon once said, "It's easy to make money by investing in a pioneer in an emerging field."
Nest has had three rounds of funding totaling $80 million. We invested a total of $40 million and own 15% of the shares. Park Min-ah continued, paused, and said the core that Yuli and others were most concerned about: "Just the day before yesterday, Google officially acquired all the assets of Nest for $3.2 billion in cash. ”
"3.2 billion?!" An uncontrollable whisper sounded.
The total value is 3.2 billion US dollars, and Park Ji-hoon accounts for 15%, that is, 480 million US dollars, with a net profit of 440 million?
Unbelievable!
Is it so easy to make money?
Park Min-ah looked at the expressions of several people in her eyes and smiled slightly, without explaining the twists and turns.
They are not the only ones who have invested in Nest, Google Ventures, KPCB, Shastaventures and other institutions have invested. After the valuation of Nest increased significantly, there began to be discordant voices inside, and some people wanted to dilute the shares of investment institutions, mainly targeting "MY Investment". At the end of last year, it was rumored that Nest had received a round of investment of $200 million.
If it weren't for Alberto and Garcia being vigilant enough, and Noel and White's team being strong enough, maybe they would have really succeeded this time.
Among them, the curves and curves are not enough for outsiders.
Park Min-ah is in daily contact with Alvito, Garcia, Noll, and White - Park Ji-hoon completely lets go and leaves things to these two - to understand the progress, learn from the experience, and occasionally provide some of his own opinions, which is also the bridge between Park Ji-hoon and the two.
Some time ago, it was really hard.
"Huh?" Yu Li suddenly sighed softly and asked, "The dust has settled the day before yesterday, so why were you so busy until late last night?"
"Last night was busy with things that cost money. Park Min Ah replied.
Yu Li and the others were speechless at the same time.
Well, these two brothers and sisters make a lot of money, and they spend even more money!
"Actually, it has something to do with the health insurance project that Sister Yan'er is responsible for. After pondering for a moment and organizing the language, Park Min-ah continued, "Didn't Sister Yeon'er poach some colleagues from Charlotte Hospital in Germany? My brother promised to build a hospital for them. ”
"And then?" asked Yuli.
Instinctively feel that it shouldn't be so simple, this kind of thing, leaving it to a professional is, there is no need to do it yourself.
"Kowloon Village, you know?" Park Min-ah did not answer, but asked a seemingly unrelated question.
"Got it!" Yu Li and the others nodded at the same time.
Jiulong Village, a well-known slum in Jiangnan District.
In 1988, when Seoul hosted the Olympic Games, many illegal houses were cleaned up in order to clean up the city, and some homeless people began to settle in Kowloon Village. At first, the government didn't care. Later, more and more poor people lived here illegally, and eventually it developed into a veritable slum.
Jiulong Village is the only remaining undeveloped area in Jiangnan District, and the poor living conditions are like another world! Celebrities, especially celebrities, who do charity and don't want to go to too chaotic places, basically choose here, so Yu Li and others also know about it.
However, that doesn't mean it's a bad location. Conversely, Kowloon Village is less than a kilometre away from Towerpalace, South Korea's tallest residential building in Gangnam, and just a highway away from the affluent district. In the past 20 years, the call for demolition and development of Jiulong Village has been very high, but it has always been "dry thunder, no rain".
When the previous mayor of Seoul, Oh Se-hoon, was in power, he drew up a public development plan, that is, the urban land corporation to which Seoul belongs will fund the development and construction of Kowloon Village, and at the same time provide low-rent housing for local residents. But the move was unanimously opposed by local residents, who would like to get a small but small house for themselves, rather than renting it for the rest of their lives.
After taking office, the incumbent mayor Park Won-soon once again launched a demolition and relocation plan, preparing to adopt a "two-legged approach" approach, allowing residents who have already purchased part of their land to build their own houses and allowing them to rent them, and providing low-rent housing for the destitute who have nothing.
The move was approved by residents of Kowloon Village, which was originally planned to start this year, but was strongly opposed by Gangnam District, who felt that the development method only conveyed huge benefits to landowners. In addition, a number of lawmakers belonging to South Korea's ruling New National Party have filed a complaint with the South Korean Supervisory Department, demanding that the current mayor Park Won-soon and related cadres be monitored, on the grounds that they may provide special benefits to landowners and may even be involved in bribery.
This involves the Seoul mayoral election in June this year, when it comes to the election, Kowloon Village becomes a "political bonanza" that has been used for more than a decade.
The intricacies of relationships have long discouraged countless developers.
Park Won-soon approached Sim Hye-young for consultation at the end of last year, and Park Ji-hoon at the beginning of this year, and the two sides preliminarily agreed on a development plan -- the Seoul government is responsible for demolition and resettlement of residents, and Park Ji-hoon is responsible for development and construction.
There is basically no improper transaction, and as long as the development plan of Kowloon Village is carried out smoothly, it will be the greatest benefit to Park Won-soon.
Park Ji-hoon handed over the matter to Park Min-ah to take care of.
Kowloon Village covers an area of 30 hectares, and the amount of money required for development must be expensive, so Park Min-ah will be easier because of Nest's income.
There are so many places to spend money now!
"Is there no problem?" Although Yu Li and others did not know the hidden story behind it, they were also clear about the difficulty of the development of Jiulong Village, but they did not expect to be taken over by Park Zhixun in the end!
There are some worries.
This is a residential building 1 kilometer away from Gangnam-gu, Seoul, where a 174-square-meter apartment was sold for 2.1 billion won last year.
The benefits are moving. (To be continued.) )