Chapter 685 Global Properties' Plans

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"Boss, the leverage in the real estate industry in China is generally more than 70%. And unlike in the United States, you can also recoup funds through off-plan sales. As you said, it is a perfect real estate development process to support the construction of the first- and second-tier core blocks by recovering funds from off-plan sales in third- and fourth-tier cities. In this way, we can not only leave more residential assets in first- and second-tier core cities for rent, but also get more residential properties. ”

"Boss, although property services are not as good as real estate development and real estate agencies, they are also a strong complement to our group's business. In addition, there is always a low ebb period in real estate development, when we have enough residential property service income, we will obtain a lasting capital income, effectively make up for the deficit in real estate development. ”

"As for the lack of personnel that you are worried about. In terms of construction, we can hand it over to Huaxia Real Estate Construction Corporation and professional construction companies like Hutchison. Sales can be outsourced to a dedicated home sales business, and we only need to take care of the design and investment. Although the profit margin will be lower, it also saves us time and energy. ”

"You have your own ideas and intend to make a big splash in real estate development, and I'm not against it, but what I ask you to do is it. … The capital has Dongcheng, Xicheng, Chaoyang, Haidian, Fengtai, Shijingshan, six core urban areas, and the magic capital is Huangpu, Xuhui, Jing'an, Changning, Yangpu, Hongkou, Putuo, seven core urban areas. Pengcheng has six core urban areas of Futian, Luohu, Nanshan, Yantian, Bao'an and Longgang, and Yangcheng has Yuexiu, Haizhu District, Liwan, Tianhe, Baiyun, Huangpu and Nansha, seven core urban areas. ”

"Jinmen, Jinling, Wuchang, Hangcheng, Suzhou-Hangzhou, Daocheng, Fengtian, Shangdu, Tanzhou, Shancheng, Rongcheng, Chang'an, Ningcheng, Guancheng, Xinwu, Quancheng, Da~Lian, Chuncheng, Luzhou, Ludao, a total of 20 second-tier cities, each city has 2~4 core urban areas, a total of 75. Counting the 26 first-tier cities, there are 101 in total!"

"I require that the real estate development area of each core urban area should not be less than 600 acres, which can be developed in a decentralized manner or concentrated together, whether it is a residential community or a commercial complex full of hotels, apartments and shopping malls, depending on the surrounding location factors. ”

"At present, the land transfer price in the first-tier cities is 1.6 million ~ 2.5 million per mu, and the land transfer price in the second-tier cities is 40 ~ 1.5 million. Taking the median value, first-tier cities need 15,600 mu of land and 31.98 billion yuan of land acquisition funds. Second-tier cities need 45,000 mu of land and 4.275 million yuan of land acquisition funds. 24 cities, 60,600 acres of land, a total of 74.73 billion Chinese dollars are needed. I'll give you 42 billion, and then let Hanhua and the Oriental Group issue 80% ABS for you, so that you can have 75.6 billion Huaxia dollars of land acquisition funds. The extra part can be used as a supplement to deal with unexpected situations. The income of Universal Group can be used as funds for leveling land and laying foundations in the early stage of the project, and subsequent construction funds to return the sales of houses. ”

"The proceeds from off-plan sales can meet the construction investment for three months, and then the sales will be stopped. I will then ask GCA Trust and Oriental Group to issue a second ABS with the total property of all projects as collateral to meet the subsequent project development funds. That is to say, before the entire project development is completed, you only need to return half a year's project development investment through off-plan sales. ”

"When the whole project is completed, all the ABS bonds and interest can be repaid through the proceeds from the sale of existing houses. According to my estimates, after all projects are completed in three to five years, the price of the property will increase by 1~1.5 times. We can keep more properties and properties and maximize profits. ”

In addition, all of the Group's net income will be invested in core projects in these 24 cities this year, and in the first year after the start of the project. But the subsequent years, as well as the additional income generated by all the funds circulating in the account, can be left for your own use. ”

At present, the daily interest rate of Huaxia deposits is as high as 2/10,000, and 42 billion yuan of funds are deposited in Huaxia's bank for one day, which is 8.4 million, and 252 million Huaxia dollars a month. In addition, the project money is not all paid to the construction company's account at once, and the global group can strive for more favorable conditions for such a large development project. There are all kinds of money, and the money saved will be very considerable, which is enough for Tang Wenfang to crisscross in third-tier cities.

"Mr. Tang, as long as I complete the development plan of 101 districts and 60,600 mu within three to five years. How far the rest of Global Properties' business can develop is up to you, and I won't ask. However, there is one point, but all the real estate projects developed by Global Real Estate cannot have any quality problems. ”

"Understood!"

Tang Wenfang nodded with a solemn expression. Although the big boss gave her a lot of space to display her talents freely, the real estate development project of 60,600 mu and 40.36 million square meters was also a huge pressure.

Guo Shouyun smiled, stood up and walked closer to the projector.

"I'm not a harsh and stingy boss, you develop your own project, you can get 1.5% of the net profit as your personal return, and the project team can share 3.5%. As for the core projects in the 24 first- and second-tier cities, after they are completed and all the bonds and interest are repaid, you can get a return of 1% on the net operating income in the first year, and the project team will get 4%. ”

Tang Wenfang's eyes lit up suddenly.

If the real estate development projects of 60,600 mu and 40.36 million square meters in 24 cities are all rented out after the completion of the project, then the operating income of the global group will exceed 100 billion yuan. The net profit will also be as high as tens of billions. One percent is 100 million Chinese coins, and this is the most conservative estimate.

The bonus of 100 million, compared with his current annual salary of 2 million, is really too much, and it is completely astronomical.

"Thank you, boss!"

Guo Shouyun nodded slightly, "Do a good job, I will not treat any employee who has worked hard and made outstanding contributions to the company." ”

"Yes!"

"Okay, that's all I have to say, do you have anything else to do?"

"No more!"

"Let's stop here for this meeting. Remember what I said today. ”

"Yes!"

Guo Shouyun cut off contact.

After taking a long breath, looking at the dim night outside the window, his face not only showed a trace of exhaustion. Although he has tried his best to hand over the day-to-day management of the company to the top management that he has personally selected. But there are still a lot of things that he needs to check every day.

"The global group doesn't need to worry about it for three to five years, just need to pay attention to it on a regular basis. Although the real estate industry in China is deep, we don't eat alone, just share a little profit. The development volume of more than 40 million square meters is not as much as the land in the hands of Country Garden and Hengtun. With my background, ample funding, and the connections I have built up in China over the years, I don't think I will encounter too many obstacles. ”

After a pause, he rubbed his eyebrows.

"Then there's the ruby. It was a bad decision to merge Ruby Arcade into Ruby in the first place! ”

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