Chapter 179: The Wind Outlet at the Inflection Point (2)
He was invited to the office by Chairman Geng Niu for tea.
This year's spring tea, the first batch of tea leaves after wintering, are all small tender teeth, and they have a unique flavor to drink.
?? The relationship is very good on weekdays, but the old man Geng didn't sell it to Fan Liancheng, and asked him directly:
"Don't you think that the current market is not good, you shouldn't spend a lot of money to buy that building, just now I saw that you didn't talk much, what ideas you have to tell me directly, so as not to wait until the meeting to disagree with me, I'm old, I can't hang on face." ”
Fan Liancheng shook his head and said: "The big market is falling in the short term, the more this time, the more we should increase our efforts, aside from the current financial form, the location and appreciation potential of the Golden Garden Building are absolutely nothing, it is worth gambling."
You always say that you are sure to find a tenant, of course I believe that if the rent can be deducted from the bank loan, it must be very good to hold it in your hands for a long time as a self-owned property, and the RMB exchange rate has risen crazy, and it is more cost-effective to trade in US dollars, much cheaper than the price I talked about last time, and the price of more than 2 billion yuan is more reasonable, and I will definitely be on your side when we meet and discuss. ”
After figuring out Fan Liancheng's thoughts, Old Man Geng was relieved.
A smile hung on the corner of his mouth, and he continued: "That's the reason, Qian Hai from the investment department has been running around recently, looking for some investment opportunities that are worth starting,?? The first two years rose too much, real estate prices are normal to pull back some, the recent research report has not been read, the market is big, and so on, the house will still be easy to sell, if those peers reduce the price but can't sell, I am really worried, this time is different from the South China Island real estate bubble. ”
?? refers to last year's real estate industry research report,?? It is not only about the real estate itself, but also about the speed of urbanization, the increase in the price of building materials and labor costs, and the official policy.
Nowadays, the real estate industry has encountered setbacks, which can be certain, but in the long run, the market is still broad, so whether it is Geng Laotou or Fan Liancheng, they don't think that Longcheng Group can have any big problems.
?? Fan Liancheng mentioned: "Recently, I got news that the owner of a real estate company called Hengda is going crazy? ”
"Well, I said that I went outside to seek funds, and then waited, wait and see for a while, if there is a chance Longcheng may be able to get some assets back at a low price, this Hengda is preparing to go public, the boss I have seen, he is a smart person, the green waist is too hard, and there is no big problem with high debt.
?? Xiao Fan, let me ask you something, if you swallow an elephant now, can you and your father accept it?"
The reason why Old Man Geng asked this was because there were not many major shareholders in Longcheng, and the shares were concentrated in the hands of a few people, and if there were some opportunities for mergers and acquisitions, he was worried that the Fan family would reach out to block them because they did not want the shares to be diluted.
Judging by the current situation.
If the financial liquidity of the real estate market continues to deteriorate, there should be a lot of opportunities to make a move, and they are all shrewd businessmen who take one step and look at three steps and have a long-term vision.
Fan Liancheng hesitated for a short time and replied calmly:
"You can also see that the shareholder Dong Lao is ambitious, thinking about bringing his son into the company, and the Liu family is thinking about fishing in their own pockets, and the team is not easy to bring.
Mergers may lead to wolves, need to make decisions depending on the situation, acquisitions are no problem, I talked to my dad during the Chinese New Year, he and I think the same idea, it is likely to be an opportunity for the group to grow and grow, especially recently got a large loan, the interest is more cost-effective than financing in the society, I am also looking for suitable investment opportunities. ”
The specific affairs are handled very well by the executives, and these long-term plans are the key to the headache for the board, which was done step by step last year, but now the situation has changed, many plans have been disrupted, and other companies are facing great enemies, including Fan Liancheng, the executives of the Longcheng headquarters believe that risks and opportunities coexist.
A large sum of money from a loan should be put to good use.
The reason why we can get such a high loan amount is that there is no idea of using social enterprises to alleviate the expansion of risks, and banks have made some requirements for the use of loans, including investment peers.
Many real estate companies have high debt ratios and high default risks, and they cannot continue to get loans from banks, which is equivalent to lending to Longcheng with more assets, reducing their own risks at the same time, allowing Longcheng Group to choose investment targets by itself.
Loan investment, if they lose money, once there is a problem, the bank will still collect debts.
The reason why I dare to take money from the bank is that if it becomes a profit, it will be big,?? Able to take advantage of the opportunity to eat small fish with big fish.??
This has led to many real estate companies beginning to be dissatisfied, drought drought, waterlogging, enterprises in urgent need of money can not get money, but not short of money can get a large amount of financial support.
In the final analysis, we still have to find problems from ourselves, if it is not for the high debt ratio and some problems of its own, the bank will not turn a blind eye to death, leave business alone, and deliberately bully anyone.
The real estate market is really cold right now.
From October last year to the present, the transaction price of second-hand houses in Modu has fallen by four points, and the transaction price of new houses has also fallen by about 2.6 percent, and the land auction market is almost frozen, especially in first- and second-tier cities.
?? took the "welfare housing" land next to the Customs College, and almost didn't get together the three developers, but Fan Liancheng used FANS Holdings to make up the numbers, so he took it at the reserve price, avoiding the situation of unsuccessful auctions.
Based on these, you can understand why Old Man Geng took precautions and talked to Fan Liancheng about financing and mergers, the situation is really grim, and it is estimated that it will not be long before a large number of developers fall into the quagmire, and opportunities may appear at any time.
If the Fan family didn't nod, the old man Geng, who was the chairman, would not be able to show his skills.
Hearing Fan Liancheng's unexpected and reasonable words at this moment, Old Man Geng replied:
"Also, your shareholders here are really difficult to deal with, if your father had taken money from the fund company and borrowed from the bank, he would not have the trouble he has now.
So be it, I understand what you think, I'll take a copy of the information, you take it back to the office and take a serious look, tens of billions of big projects, I think there should be a market if the operation is good. ”
Fan Liancheng got up, and when he saw that the document read, "Lin'an White Horse Lake Cultural Tourism Project Master Planning Guidance Plan", you don't need to open it to see that the scale is not small, in Lin'an, it is still a cultural tourism real estate project, tens of billions of business, much larger than Thames Town, and it is estimated that it is a consideration to promote the urbanization process.
?? However, there are advantages to engage in cultural tourism projects, and the price of land acquisition is often relatively cheap, and you can enjoy the treatment of attracting investment,?? After reading the map, it was found that the planned plate is located between Baima Lake and Xianghu Lake Tourist Resort, with a total planning area of two to three square kilometers and a construction area of more than one million square meters.
One square kilometer is 1,500 acres of land, even if Longcheng Group wants to eat such a large cultural tourism project, you must be extra cautious, fortunately, from the map, it is very close to the urban area, and a new area is planned nearby,?? It's so much better than the wilderness with just the scenery.
replied that he would consider it, Fan Liancheng was not too concerned, the rabbit had not seen it yet, how could he scatter the eagle, and after a quick glance, he found that the land price was a little higher, and now there are investment opportunities everywhere, and he did not want to throw a large amount of money on a project with a development cycle that was too long.
Of course, if the conditions given are good, such as reducing the land price, allowing the payment of land transfer fees in installments, and providing tax exemption support, then talk about it separately.
Not a single stick was killed.
After returning to his office, Fan Liancheng browsed and put it at hand, and carefully handled the day's affairs.
More than half a year from home, just came back to the City God Temple next to the Longcheng Tianjie shopping mall to see, now finally about to officially open, next to the supporting office building occupancy rate is only 55%, located in the Yuyuan garden business district, not no one wants to rent, mainly due to the higher rent, do not need to be too anxious for the time being.
Like the mall hotel, it was intended to be held by the company for a long time, so it was not sold to the outside world, and a short meeting was held before noon, and the only topic was the Golden Garden Building.
Several executives, shareholders, and board members rushed to the building during lunch to finish visiting, and just a few months after it was finished, the surrounding area was encircled and a little chaotic.
The windows are not finished, the architectural shape is very good, go up to the top floor to visit, you can see the headquarters of Dragon City, you can also see the Oriental Pearl Tower and the World Financial Center Building that looks like a corkscrew with an investment of one billion US dollars, the Magic City Center Building is still under construction, and not far away is the vacant land in Dragon City.
Due to the market environment is not very good, some days ago Fan Liancheng just prepared to start construction, the plan was stillborn at the beginning, the current plan is to continue to complete the design approval work, as long as the situation allows, start construction at any time.
This is the idea of Lao Fan during the New Year, Fan Liancheng is preparing to implement, when his son should always have some filial piety, he knows that Lao Fan has been thinking about this building for many years, Fan Liancheng actually wants a landmark building on behalf of Dragon City, mainly to satisfy his vanity, from a business point of view, it is not necessarily better than building a house, it is better to hold it for a long time and be stable.
Talking about this at the meeting a few years ago, Zhou Weixi was half-joking and half-serious, and said that he had asked Fan Liancheng to invest some money, about 200 million US dollars, to buy some floors to run the hotel.
The low rate of return on the hotel has been demonstrated by several Langham Dragon City hotels.
Fan Liancheng is not stupid, he only said that if he takes the high-rise apartment in the plan, he can consider it and rent or sell it with Banyan Tree One for a long time......