Chapter 369 The Legendary Land Exchange Rights Book
The development of Hong Kong's real estate economy, of course, cannot be limited to the development of this area, but after the development of one place, it will drive the development of surrounding areas.
For example, after the development of Tsim Sha Tsui mentioned above, the Tsim Sha Tsui area became popular, which is the same reason.
In terms of real estate prices, that is, the real estate prices in Tsim Sha Tsui rise first, and then the real estate prices in Tsim Sha Tsui also rise, and then the prices in further places rise... So in the end, most areas in Xiangjiang will follow suit.
Especially in the remote areas now, even if the price increase is not as high as in the central area, after each new town is built, it will also skyrocket a lot.
The key lies in these current rural areas, the land price is cheap!
Therefore, if you buy it and hoard the land for a few years, you will definitely have greater appreciation potential.
The remote areas mentioned here mainly refer to the New Territories.
In the 1960s, the government started to develop the New Territories one after another, and started to build 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 lived, so the New Territories is the first area that Xiangjiang wants to vigorously develop.
In fact, the New Territories are now mainly agricultural areas, and most of the people living in the areas are farmers. There are not many urban people who are willing to live there.
Most of the new towns built by the government here are based on public housing, infrastructure, schools, shopping malls, hospitals, etc.
At the present stage, only things like public housing can attract many poor people to live here.
Generally speaking, the rent of public housing is only about 20% of the rent of rental houses in the same regional market.
Rents in the New Territories are even lower.
Based on the house that Yin Jun rented with Wei Xiaofan and Aunt Zhang before, if they moved to a public housing estate in Kowloon, each person could rent a 40-square-meter house for the same rent.
This may not be a big deal for a single man, but for a family of three, it is a huge savings!
With the residence of this group of poor people, it will bring vitality to the new town, and then it will have the opportunity to slowly develop into a mature area.
Then these five, six, seven or eight new towns scattered over several square kilometers are connected by roads, etc., and become a large urban area again.
The next development can rely on this area to expand around.
It's just that the Xiangjiang government has a very good idea, but it is very difficult to realize it.
The New Territories is really too remote. Even if someone wants to live here, they still need to go to work in Yau Tsim Mong, or even go further to work in Hong Kong Island.
In this way, going to and from work is really hard. There are at least five or six hours a day on the way to and from work. It is unbearable for ordinary people. It is better to live near the work and sleep more, so that you can work like this You will also feel refreshed when you wake up.
Therefore, the new towns in the New Territories basically fail to meet expectations. When the cities are overcrowded, the number of applicants for public housing here is still not enough, which is really jaw-dropping.
However, Yin Jun knew that all of this was only a temporary phenomenon.
With the continuous opening of the subway, as long as the subway can come to the New Territories, you can take the subway from the New Territories and transfer to the company to go to work. problem!
The commuting time 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 that of a private house. Anyone who is not an idiot knows where to choose bad words!
In this way, the public housing estates in the New Territories will naturally become popular, and the number of applications will definitely explode!
As long as people live there, the commercial development of this area can continue and a mature commercial area can be formed.
Next, private housing estates can also be built in this area to earn money from the people who are working hard to make money and want to improve their lives.
The gap between ordinary people and successful people often lies in their different visions for the future.
Ordinary people can only see today's events, but successful people can see tomorrow and even further.
The more capable people are, the farther they can see, so the chances of success will be greater and the achievements will be greater.
For example, the group of Chinese real estate developers in Xiangjiang saw this development trend as early as the early 1970s, so they all started some layouts one after another.
This layout is the legendary "Type B Land Exchange Rights and Interests Book".
In 1959, due to continuous heavy rains, many rivers in Yuen Long, New Territories were destroyed by floods. The government wanted to expropriate farmland to build rivers.
However, the government requires very troublesome procedures for land acquisition, including land purchase, compensation, etc., and there is no way to get it done within three to five months.
In order to complete the river restoration task as soon as possible, the government simply sent a letter to the farmers, saying that we will occupy a piece of your land today, and we will compensate you for a better piece of land in the future.
Then, the government gave farmers a land-exchanging rights certificate, which is the origin of the original land-exchanging rights certificate.
Later, when the government expropriated land in the New Territories, it gradually started to use this method.
After the land owner agrees to the government's land acquisition, the government will issue them a Type A land exchange rights certificate as evidence. Further effective, it will be converted into Type B Land Exchange Rights and Interests.
At this time, the B-type land exchange rights and interests certificate is a certificate that can be used to request the government to give oneself a piece of land.
For example, the government has a piece of land in the New Territories to sell, but you happen to have such a large-scale Type B land exchange right document, then you can go to the Type B land exchange right document in your hand to apply to the government. Don't sell the piece of land, just compensate me directly!
When the government sees that this is indeed a land exchange certificate issued by itself, it will definitely admit it. No matter how other developers covet this piece of land and charge high prices, they will give priority to Type B land exchange rights Holder's - This point is the default rule in the government. It cannot be broken easily, otherwise who will trust you in the future? It was you who gave me back a piece of better land after you said it, and I came to take it now, but you refused to accept it?
But!
Usually, such a situation is impossible!
Under normal circumstances, the exchange ratio between expropriated agricultural land and leased construction land is 5:2; for expropriated construction land, the compensation is naturally 1:1.
That is to say, if the government expropriates 5,000 square feet of agricultural land from a farmer, then the type B land exchange right that can be used as construction land is given to him is 2,000 square feet.
The land that the government wants to auction can range from tens of thousands of square feet to hundreds of thousands of square feet. Which farmer has so many Type B land exchange rights in his hand?
It's impossible!
But one farmer’s is not enough, my ten farmers’, one hundred farmers’, one thousand farmers’ rights and interests of land exchange should be enough, right?
Therefore, many real estate developers have thought of this. Since the 1970s, real estate developers have continuously purchased Type B land exchange rights and interests. Especially since the real estate boom in the early 1980s, more real estate developers have Spending more money, put away the rights and interests of the second type of land exchange in the hands of the farmers.
According to some reports, in the early 1970s, several major real estate companies frantically acquired Type B land rights and interests on a large scale.
This statement is obviously wrong.
First of all, in the 1970s, the so-called Sun Hung Kai, Henderson Land Development, Nan Fung Properties and other companies had just developed, with a value of tens of millions, one or two billion, and there was not much cash available. Come on. Explain to me, can such a small amount of money be used to buy a "crazy" and "large-scale" acquisition?
Moreover, since the B-type land exchange rights and interests certificate was only issued in the New Territories, it can only be used in the New Territories, so even if someone thought about it, in the early 1970s, Yau Ma Tei, Tsim Sha Tsui, Mong Kok, Kowloon, Central, Sheung Wan and other areas , so much cheap land waiting to be developed, why am I hoarding land in the New Territories?
A complete waste of resources and energy!
That is to say, in the past two years, when the housing prices in the urban area became more and more expensive and the money in the hands of real estate businessmen increased, they began to slowly pay attention to the rights and interests of Type B land exchange. Only then did the successive acquisitions begin.
Among them, the most powerful and determined one is Li Zhaoji and Li Sishu.
Henderson Land, as the latest company to make a fortune among the four major real estate companies, has come from behind. Li Zhaoji directly ranked second on the Hong Kong Rich List with Henderson Land. There are two reasons.
One is to purchase the property rights of old houses layer by layer in the urban area. After the acquisition is completed, the building will be demolished and relocated, and a taller and better building will be rebuilt.
In order to do this well, Li Zhaoji specially sent people to the Chinese-inhabited areas of the United States, Canada, and Australia to buy their real estate, because basically those people would not return to Xiangjiang, and they would sell when they found a suitable price—they I don't know much about the ever-changing environment of Xiangjiang, so the price is often lower than the market price.
As a result, Li Zhaoji has accumulated a large number of real estate certificates. When the time comes, whether he builds it himself or sells it to the government for demolition, he can make a lot of money.
The second is to hoard Type B land exchange rights and interests in the New Territories. The development of Henderson Land in the New Territories is the first among the four real estate companies. Often they can get the best land because of the Type B land exchange rights and interests. priority above.
It's just that Li Zhaoji's Henderson Land Development will not go public until almost two years later, and until then, Li Zhaoji will increase his efforts to acquire Type B land exchange rights and interests.
It can also be understood from this that, in fact, in 1979, not many people can really make up their minds to make great efforts to acquire Type B land exchange rights and interests.
Compared with the inventory in the hands of farmers in the New Territories, what the real estate developers bought is only a small part.
Yin Jun has read a document that before 80 years, farmers still had a large number of rights and interests for second-class land exchange, which exceeded tens of millions of square feet!
It's not that the real estate developers are unwilling to buy, but the farmers are not fools. How can they sell it at a low price when they know it's a profitable thing?
On the one hand, farmers are constantly increasing prices, and on the other hand, there is no hope of developing the New Territories for a while, so real estate developers are not very determined to buy.
Only after Li Zhaoji listed Hengji Weiye on the market and had enough money in his hands, would he boldly buy a Type B land exchange rights contract at a high price, and then he achieved his greatest achievement in this regard.
Yin Jun is someone who has read the biography that Li Zhaoji asked others to write for himself, so in Xiangjiang now, no one knows better than him the power of the B-type land exchange rights agreement, and the land that it represents later is as expensive as gold the value of.
Yin Jun had no money to buy it before.
After all, if you don’t acquire the rights and interests of tens of thousands or hundreds of thousands of square feet, it’s useless at all.
What Yin Jun hopes is to come to sweep the goods, and hold a large number of Type B land exchange rights and interests in his hands with an uninterrupted and indomitable attitude—before others fully react.
You know, other real estate developers are not fools.
Especially now that the subway has been opened, they will be able to see the real changes that the subway has brought to the lives of Xiangjiang people by next year at most.
Once the remote distance does not form an obstacle, then the land on the New Territories side is likely to become fat for them to spy on.
For such a large-scale acquisition by Yin Jun, others will definitely think about it.
Especially the several big real estate companies that have already started to acquire, they will definitely find out that something is wrong, so they will also join in.
But none of them is a one-person company, and they all need to communicate with the top and bottom, and then they have to mobilize funds and establish a good relationship. The 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 before they react, preferably within three months.
Compared with what he imagined before, Yin Jun is rich now.
7.2 million volumes per issue, 30 million pre-tax profits per month, and Xiangjiang’s tax is paid once a year. This year’s tax can be paid before April of 1981, which gave Yin Jun a lot of turnover time.
In addition to the 8 comics that started in November, a total of 8 million copies were sold. According to the average price of 8 Hong Kong dollars per book, one episode is published every two months. On average, Yin Jun can also have a pre-tax profit of 10 million a month. .
Such 40 million Hong Kong dollars is enough for Yin Jun to continue to acquire Type B land exchange rights and interests!
Not to mention that as long as we wait until June next year, the battle between the charter king and Niu Bijian will come to an end.
Even in this life, under Yin Jun's fanning the flames, Hang Lung Group's acquisition of Taohua Datong can be advanced.
With the windfall of ruthlessly slaughtering Hang Lung Group, coupled with the accumulated funds in his hands, after the Spring Festival, he will be able to sweep all the way as he wishes!