Chapter 179 The First Piece of Land (Third Update!)

Entering November, newspapers are reporting a piece of news that Xiangjiang people love to hear.

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

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

Since the Xiangjiang government approved it in July 1977, it has been more than a year since the construction of this subway began. It is conceivable how cumbersome the preparation work was during this period.

The process is difficult, but the result is joy.

Xiangjiang Metro is a very typical success story.

Not only because it has created the myth of the value of the property above the subway with the highest profit in the world, but also because of its own successful operation.

To build such a complicated project, with so many lines and so many miles, the Xiangjiang Metro did not cost the Xiangjiang government a penny. Not only did it not cost money, but it has been making money for the Xiangjiang government. ——You must know that although the Tokyo Metro in Japan is also making money and uses more people than Xiangjiang, its cost and maintenance are also astronomical, and its profits are far less than that of Xiangjiang Metro.

The first reason is that Xiangjiang Metro, like Tokyo Metro in Japan, is one of the cities with the highest subway utilization frequency in the world, but the most important reason is that Xiangjiang Metro Group has obtained the land along the subway line.

The subway group basically doesn’t have to do anything, just tell the real estate developer that I want to repair the subway here, and the real estate developer will rush over frantically with a check, just asking for the right to acquire the property on the subway at the exit of the subway station .

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

In their view, I have such good resources, and the government is so powerful. As long as I build the subway wherever I go, the unowned land there will be 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 just used their own line. They didn't have any land, and they didn't even build it. They borrowed more than 500 million Hong Kong dollars from the bank.

They couldn't have done it with any other company.

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

But I didn't expect that it would be so difficult and costly to repair the subway. After more than a year of repairs, the subway company was almost overwhelmed by the high cost.

As a last resort, in January 1977, the MTR Corporation announced that it would take out the properties above the Central MTR Station and Admiralty MTR Station for bidding, and use two pieces of fat to lure and lure real estate businessmen to let them Take money to make up for the serious losses of the subway company.

Then a group of real estate developers, whether they are British or Chinese, were directly beaten into pig brains.

They are not stupid, anyone knows how fat the superstructure of these two places is, even if they would choke if they eat it, they will never give up!

If you put them all in the same yard, if each of them is given a knife, it is estimated that there will be a fight of the century directly.

The final result is now known to everyone. Li Chaoren, on the terms of "utterly devoid of conscience" and "serving his knees", almost did not make any money himself, and gave up more than 90% of the profits to Xiangjiang Metro, and finally won two Interests in properties above subway stations.

Then, everyone has seen the result. Changshi Group has developed the two commercial buildings of Universal Building and Haifu Center with the fastest speed, and they were sold out in the blink of an eye. This made the public amazed. Let these real estate developers know with envy that the property above the subway station is a money-grabbing thing.

It's a pity that Li Chaoren has gained a reputation now, and Xiangjiang Metro is very satisfied with this person. 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 super large order of the second subway superstructure property auction. This pitfall caused several large real estate developers in Xiangjiang to rush to the street, and it took many years to recover.

Let's ignore this matter for now.

The bonus of the first line of the subway has long been exhausted, and it will take two or three years to deal with the subway again.

Yin Jun is also unwilling to spend energy on the property built on the subway.

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 bosses?

Speaking of opportunities to make money, the Zhao family in Tianshuiwei finally came up with a feasible condition after repeated negotiations with Yin Jun.

Yin Jun can pay 10 million in cash, 25% of the profit dividend, or 25% of the real estate return, and buy a 5 million square foot area between Tianxiu Road and Tianrui Road in the north of Tianshuiwei from Liande Trust .

Among them, 10 million in cash will be paid on the day the contract is signed, and 25% of the profit dividend will be paid within half a year after the pre-sale of the house begins; and if the 25% of the real estate is returned, it must be 9:1 between houses and shops, but Zhao The homeowner must notify in advance before the pre-sale of the house reaches 50%, otherwise the default is to only pay profit dividends.

Yin Jun promised to start construction within three years, open bus routes, support facilities for hospitals and schools, and the opening period of commercial facilities, etc., were also written into the contract one by one.

Both Yin Jun and the Zhao family of Liande Trust are very satisfied with such a result.

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

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

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

The Zhao family has a very favorable initiative.

If Cheung Kong and Wheelock start the Tin Shui Wai project ahead of schedule, they will take over Yin Junxiu's house and keep it to appreciate in value as housing prices are expected to skyrocket.

If Cheung Kong and Wheelock start the project in the foreseeable future, 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 going to spend 150 million yuan on the land purchase in Tianshuiwei. Although it was paid in installments, such a large amount of funds would definitely empty Yin Jun's savings, and make Yin Jun owe a lot of loans to the bank, burdening too much. much interest.

Although Yin Jun is not afraid of owing money, it still has a considerable impact on Yin Jun's other developments.

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

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

The young man who came back in 2020 has already experienced the ups and downs of Huaguo's real estate market many times. Even if Yin Jun doesn't care about the real estate market, he has learned a lot from the noise of experts and ordinary people.

How can a real estate be hyped up, how can it be done well, and how can it be sold well? At this moment, no one can do better than Yin Jun.

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

Three years is the preparation time that Yin Jun has won for himself.

During these three years, Yin Jun needs to gradually improve his investment plan and obtain more resources in order to better build the real estate project in Tianshuiwei.

But no matter what, Yin Jun has successfully taken the first step since the towering building started from the ground, and this is a successful start!

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

Since the contract had already been handed over to the Planning, Environment and Lands Division of the Chief Secretary of the Xiangjiang Government for approval, there was no problem with the contract. They each signed their names on the contract.

When Zhao Pingquan waited for the Zhao family to leave, Chen Youhan called Yin Jun to the meeting room, and asked worriedly, "Ah Jun, you have never been in touch with real estate, why did you suddenly buy a piece of land, and it was in such a remote place as Tianshuiwei? Even if you want to buy land, you have to buy it in the urban area! Only a good land can have a good income!"

"Uncle Han, I know what to do." Yin Jun smiled, "Even Li Chaoren and Wheelock have attacked Tianshuiwei. I follow them, and there is always nothing wrong."

"You... Li Chaoren and the others bought Tianshuiwei for other reasons." Chen Youhan hesitated for a moment, but still said, "There is Derun in it, Li Chaoren's investment is not so much an economic investment as it is an economic investment." It’s political investment! Losing money or making money is not important to them, what they care about is how to build a good relationship with the mainland! Do you know that!!”

As the contact between Yin Jun and Chen Youhan increased, Chen Youhan admired Yin Jun more and more. He even wanted to introduce his youngest daughter to Yin Jun, and then make Yin Jun his own family.

Seeing Yin Jun walking so steadily, Chen Youhan certainly didn't want Yin Jun to fall into a big stumble on the land of Tianshuiwei.

But he is just an outsider after all, so 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. Chen Youhan had already stopped Yin Jun before signing the contract.

Seeing that Chen Youhan even talked about Derun's participation, Yin Jun couldn't help but smile. This Uncle Han is really kind.

"Uncle Han, don't worry, although I have never done real estate, I know what I know." Yin Jun murmured, "I bet that the housing prices in Xiangjiang have been rising in recent years, and the land value in Tianshuiwei is lagging behind. If it is sold at that time, even if it is matched with liquidated damages, it will definitely earn more."

Chen Youhan didn't know the details of the contract, so he just asked about it in the morning, and when he heard what Yin Jun said, he nodded slightly: "If that's the case, that's not bad."

As long as Yin Jun only speculates land and does not involve building and selling houses, it will be much simpler.

There are also many speculators like Xiangjiang.

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

Thinking that Yin Jun has a clear head, Chen Youhan is not worried.

Thinking about it, Yin Jun has never been blindly arrogant, nor has he acted impetuously and aggressively. Of course, he has no reason to lose his head in real estate.

For a young man like this, whenever he does anything, he must have full consideration, and he will never act rashly!

(There will be another chapter later!)