This quadrangle is said to be four in, the actual street door, the inverted seat room to the hanging flower door this small section is strictly speaking, also regarded as one entry, plus this entry, is a serious five into the quadrangle.

Zhang Chen really loves this yard more and more, plus the garden of more than 1,000 square meters on the east side of the yard, this kind of yard is estimated to be rare in old Kyoto now.

And the location is also good, going out is facing the back sea, sitting in the north and facing south, which can be called a deep house compound.

I have to find a way to buy this yard, Zhang Chen secretly pondered in his heart.

With such an idea, Zhang Chen didn't want to turn around, and after separating from Hu Chen and others, Zhang Chen called Sun Hongbin, first, to ask about the procedures for buying a courtyard, and secondly, to ask Sun Hongbin how he was considering.

Sun Hongbin and Zhang Guizong discussed for two days, both felt that this was an opportunity, but the risk was also greater, and Shunchi's current liquidity is less than 20 million, although he did not spend money on land (although the sale of commercial housing has been implemented, but the land bidding, auction and listing policy has not yet been released, and it is still mainly based on the way of agreement transfer), but the start-up capital of the project is money, at this time, if you draw money out and Zhang Chen to do the project of this urban complex, it is estimated that even 20% of the shares will not be accounted for, for Shunchi, it is really chicken.

If the Bindong plot continues to be developed, according to the plot ratio of 1.4, the more than 300 acres of construction land can develop at least 300,000 square meters of multi-storey residences, with a net profit of at least 70 million yuan, and the entire development cycle is only 24 months.

As for the investment, the construction cost can be advanced in a general contract, and the first loan can be obtained when the land approval is obtained, and the second loan will be down when the foundation is laid, which is basically an empty glove white wolf.

That is to say, Shunchi requires high turnover, so it has more advance payments than other real estate companies, and the capital requirements are relatively high. Otherwise, a project with an investment of more than 100 million yuan, from the acquisition of land to the final completion, even has its own money not paid, and the project is completed.

Otherwise, there would not have been a carpenter born and raised in the west who could pretend to be a Hong Kong businessman to defraud the two provinces, and the scenery lasted for several years, until no one was willing to continue to advance money, and the myth of the so-called tallest building in the west was shattered before he was imprisoned.

But the urban complex that Zhang Chen said made Sun Hongbin almost sleepless at night.

Commercial and residential are basically two different modes of operation, with residential often being sold only and not rented, while commercial is more inclined to rent only and not sell or a combination of rent and sale.

However, urban mixed-use projects make up for the lack of commercial real estate turnover and the inefficiency caused by heavy assets. And because of the heavy assets, you can get lower financing costs, even if the company's capital leverage is higher, the cash flow risk is much lower than that of general residential real estate, and it is really spending other people's money to make money for yourself.

In the end, Sun Hongbin made a bold decision to operate the two projects at the same time, and to take out the development rights of the five residential plots himself, and cooperate with Zhang Chen's Guangsha, with each party holding a 50% stake in the new joint venture.

After Zhang Chen listened, he was a little surprised by Sun Hongbin's courage, you know, the development of two projects at the same time, the challenge is far greater than the development of a single project, Zhang Chen is also a little hesitant about this, in case Sun Hongbin doesn't play well, get a chicken and eggs, his own business will be a loss.

Sun Hongbin is full of confidence: "Brother, I actually thought about what you said, but now the projects in Bindong are actually six-story small brick houses, and the design and construction are very simple, so there is no difficulty for us." ”

"As for you, I estimate that it will take you three months to get the land, even if in these three months, you can complete the planning and geological survey at the same time, but the design can only be completed after the exploration and planning is completed, which will take two months. ”

"Moreover, in these two months, you have to complete the demolition, although you take the land of the boiler factory, but it will also affect at least hundreds of surrounding residents, and these hundreds of households, the city must also make living arrangements for them before moving. ”

"Then there are three links and one level, and these jobs will take another month. ”

"It's all done, and I have to go to the construction committee office to start construction, and a series of preparations for the start of construction, such as selecting the general contractor and supervision, may not be enough for two or three months. ”

"Basically, it will take at least seven or eight months for you to prepare for this project and officially start construction, which is still an ideal situation. ”

"This year, in fact, it gave us the opportunity to strengthen ourselves, in the case of you have capital, we can exchange money for resources, including human resources, I will dig the current industry in this area of high-quality talents, to lay a good foundation for our commercial companies, at the same time, the company's first batch of people through the Bindong project exercise, accumulated a certain amount of experience, can also be relatively mature. In this way, in a year's time, we will have the ability to make a big impact on the urban complex project in Haixi, what do you think?"

Zhang Chen thought about it, although he had not been engaged in the real estate industry in his previous life, he still trusted Sun Hongbin's judgment, after all, he had never eaten pork and seen a pig run, and the eighteen-month cycle that Wanda said in later generations also refers to the construction period from the start of construction to the opening of the construction period of eighteen months, and the preparation period before the start of construction is not even less than the construction period of the entire project.

From land acquisition to opening, the development cycle of a commercial project is at least three years.

"Brother Bin, since you are sure, well, I think this matter can be discussed, but it seems a little unreasonable for you to only take the development rights of these five plots in Bindong and exchange 50% of the shares of the joint venture company, right?"

In business, no matter what the personal relationship between the two is, they are not afraid to fight on the issue of interests.

Sun Hongbin argued: "The total investment of Bindong's residential projects will not be less than 400 million, plus Shunchi will be responsible for the operation of the two projects, there is no doubt that Shunchi Holdings, accounting for 50% is already the bottom line." ”

Zhang Chen shook his head and said: "No, no, the ownership of these pieces of land is not in your hands, and you only got the approval for development, and you don't even have a land use certificate, how can it be included in the assets? Now the registered capital of Guangsha is 150 million, and this 500 million yuan is lying on the account of Guangsha." If the two companies merge, the valuation of Shunchi according to the assets will not exceed 50 million, even if you can take a little more shares to operate the new company, the shareholding ratio should not exceed 35%. ”

In order to avoid hurting and angry, the two decided to let the following people do the docking first, and evaluate the tangible and intangible assets and debts of both parties.

In response to Zhang Chen's question about buying a courtyard house, Sun Hongbin thought about it a little and said: "It's easy to do, in this way, you can use the name of Guangsha to take this piece of land from the Kyoto government in the name of level reform, and the compensation for demolition and relocation will be compensated in accordance with the regulations of Kyoto City, and it won't cost much." After all these residents move out, basically you have to tear down and rebuild the old houses inside, and it is impossible to live in them. If you want to rebuild it as it is, you can find a company with ancient construction qualifications. If you want to be more modern, it's no problem to find a foreign design office, isn't that small western-style building in Bincheng just looking for Gong Shuzhang? However, I still advise you, the traditional courtyard house is actually uncomfortable to live in, find a better design company, combined with Chinese elements, and completely rebuild this courtyard house. After the house is built, you can buy the house from your own real estate company at your own expense, or you can never go to the house, just press it in the hands of the real estate company, if you really lack money one day, you can still sell it as a first-hand house, isn't it good?"

Zhang Chen suddenly felt that the interlacing was like a mountain, and sure enough, professional things still need professional people to do.

But who will help you with this land?

Liu Yunkai?

Vanke's focus on residential is basically after 03 years, and Vanke has developed many commercial projects before

(End of chapter)