Chapter 177： First land

In November, newspapers are reporting a piece of news that Xiangjiang people like to hear.

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

From the TV reports and real experiences abroad, we can know that people will enjoy more convenient travel when the subway is repaired, and they will certainly like it.

It took more than a year for the subway to be constructed from the approval of the Xiangjiang government in July 1977. It can be imagined how complicated the preparation work was.

The process is hard, but the result is joyful.

Xiangjiang Metro is a very typical success story.

Not only does it create the value myth of the most profitable subway superstructure in the world, but also its own successful operation.

To build such a complex, so many lines, so many miles, Xiangjiang Metro did not spend a penny of Xiangjiang government, not only did not spend money, but it has also been making money for Xiangjiang government. ——Be aware that although Tokyo Metro in Japan is also making money and using more people than Xiangjiang, its cost and maintenance are also astronomical, and its profit is 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 frequency of subway utilization in the world, but the most important thing is that the Xiangjiang Metro Group has acquired land along the subway.

The Metro Group basically does n’t need to do anything. As long as I tell the real estate agent, I ’m going to repair the subway here, then the real estate agent will squeeze over with a cheque and just ask for the right to build the property on the subway .

In fact, at the beginning, Metro Group did not intend to distribute this fat to others.

In their view, I have such a good resource, and the government is so powerful. As long as my subway is repaired, the unowned land is ours. Why should I share it with you real estate merchants?

Therefore, when the construction of the first subway in Xiangjiang began in 1975, the subway company loaned itself to the bank.

They used this line of their own, with no construction site or even construction, and they borrowed more than 500 million Hong Kong dollars from the bank.

For any other company, they ca n’t do it.

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

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

Under the circumstances of last resort, it was only in January 1977 that the MTR Corporation announced that it would take out the tenders for the properties on the Central and Admiralty subway stations and use two pieces of fat to lure them. Use the money to cover the serious losses of the subway company.

Then a group of real estate developers, whether British or Chinese, directly turned into pig brains.

They are not stupid. Anyone knows how fat the overlying properties in these two places are. Even if they eat, they will choke, and they will never give up!

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

As the final result, everyone now knows that Li Chaoren hardly made any money on his own terms of "losing his conscience" and "being stubborn", and finally gave away more than 90% of the benefits to Xiangjiang Subway, and finally won two Interests in properties overlying subway stations.

And then the result, everyone also saw that Cheung Kong Group developed the two commercial buildings of Global Tower and Admiralty Center at the fastest speed, and sold out in a blink of an eye, which made the people marvel. And let these real estate developers know with jealousy, how robbing the property above the subway station is.

It is a pity that now Li Chaoren has made a name for himself, making Xiangjiang Metro very satisfied with this person and tending to cooperate with this middle-aged person who does things neatly under the same conditions.

This actually laid the groundwork for the super-large order for the second property auction on the subway. This pit allowed several large real estate developers in Xiangjiang to pounce on the street, and it took many years to recover.

For the time being, I will not mention this matter.

The bonus on the first line of the subway has long been exhausted. If you want to deal with the subway again, it must be two or three years later.

Yin Jun was also reluctant to spend energy on building properties on the subway.

Xiangjiang has so many opportunities to make a fortune, but Yin Jun ’s strength is not strong. How can he compete with a group of wealthy real estate tycoons?

Speaking of opportunities to make money, Zhao's family in Tianshuiwei finally came up with a feasible condition after such repeated communication and negotiation with Yin Jun.

Yin Jun can pay 5 million square feet between Tianxiu Road and Tianrui Road in the northern part of Tianshuiwei for 10 million cash payment, 25% profit dividend, or 25% property return. .

Of which, 10 million 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 it is 25% of the real estate returned, it must be 9: 1 for the housing and shops, but The home must be notified in advance before the house is pre-sold to 50%, otherwise the default is to only pay dividends.

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

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

The price the Zhao family sold to Changjiang Industry and Wheelock is just 1.5 psf, and the location is not bad.

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

In terms of price, 10 million is already higher than the price of Cheung Kong Group and Wheelock, plus 25% profit dividend or building return, according to Xiangjiang ’s real estate trend, and according to Yin Jun ’s promises, there will be no less At 300 million.

The Zhao family occupies a very favorable initiative.

If Changshi Group and Wheelock have launched the Tianshuiwei project ahead of time, there is an expectation that house prices will skyrocket, and they will take Yin Junxiu's house over and retain appreciation.

If the time for Changshi Group and Wheelock to start the project is far away, the Zhao family will choose to take 25% of the cash dividend income, which is the most insurable.

However, the Zhao family did not know that it was Yin Jun who really took the big advantage.

Originally, Yin Jun was also planning to spend 150 million yuan on Tianshuiwei's land purchase. Although this is also paid in installments, so much money will inevitably hollow out Yin Jun's savings, and make Yin Jun owe a lot of loans to the bank. Much interest.

Although Yin Jun is not afraid of owing money, it also has a big impact on other developments of Yin Jun.

Well now, the down payment is only 10 million. Yin Jun now has enough cash in hand to pay, so there is no need to go for a loan at all.

As for the matter of repairing a house and selling a 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 does not care about the property market, he knows many things in the noise of experts and ordinary people.

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

Of course, if you want to do so much, you must plan carefully. The necessary preparations are absolutely indispensable.

The three-year period is a preparation time for Yin Jun to fight for himself.

In these three years, Yin Jun needs to gradually improve his investment plan and obtain more resources before he can better build a real estate project in Tianshuiwei.

But no matter what, Yin Zhang has successfully taken the first step from the ground up, and this is the beginning of a success!

The contract was signed at the headquarters of Xiangjiang Commercial Bank.

Since the contract has been handed over to the Planning, Environment and Lands Department of Xiangjiang Government. The Bureau of the Chief Secretary has no problems with the contract. Zhao Pingquan and Yin Jun, representatives of the Zhao family and Chairman of Lunde Trust He signed his name 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, "A Jun, you have never been in contact with real estate. Why did you suddenly buy a piece of land and it is so remote in Tianshuiwei? Even if you want to buy land, you have to buy it in the urban area! Only a good site can have a good income! "

"Uncle Han, I know what to do." Yin Jun smiled. "Even Li Chaoren and Hui Defeng started the fight against Tianshuiwei. I followed them, and I was always right."

"You ... Li Chaoren bought Tianshuiwei for other reasons." Chen Youhan hesitated and said, "There are Derun, Li Chaoren's investment is not so much economic investment. Say it is politics, governance, investment! Loss and making money are not important to them. What they care about is how to establish a good relationship with the mainland! Do you know !!! "

With the increasing contact between Yin Jun and Chen Youhan, Chen Youhan appreciates Yin Jun more and more, even he wants to introduce his little daughter to Yin Jun ~ www.novelhall.com ~ and then turn Yin Jun into his family.

Seeing Yin Jun walking all the way is very down-to-earth. Of course, Chen Youhan does not want Yin Jun to plant a big head on the land in Tianshuiwei.

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

Fortunately, the initial investment was 10 million, and the penalty for breach of contract was set at only 30 million. Chen Youhan had stopped Yin Jun long before signing the contract.

Seeing that Chen Youhan even said what Derun was involved in, Yin Jun smiled unconsciously. This uncle Han is really kind.

"Uncle Han, don't worry, although I haven't done real estate, but I have a heart in mind." Yin Jun pondered, "I bet that Xiangjiang's housing prices have been rising in recent years, and the land value of Tianshuiwei lags behind, By the time it is sold, even with a penalty, it will definitely earn more. "

Chen Youhan didn't know the details of the contract. He just asked about it in the morning. He heard Yin Jun saying this, and he nodded slightly: "If that is the case, it would be good."

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

There are also many speculators like Xiangjiang.

Chen Youhan is also very clear about the juvenile judgment of Xiangjiang Real Estate, because he has many real estate business customers here. Through their capital flow and the corresponding market response, Chen Youhan can also infer some clues.

Thinking of Yin Jun's sober mind, Chen Youhan was not worried.

Think about it too. Yin Jun has never been blindly arrogant, nor did he have any impetuous and aggressive performance, and of course there is no reason to be dizzy on real estate.

Young people like this, who do anything at any time, must have sufficient consideration and will never act rashly!

(There will be a chapter later!)