In real estate, except for industrial construction, it can be classified into the category of commercial real estate, and commercial property refers to the operational commercial real estate except residential real estate, compared with the practice of rapid recovery of costs of residential and commercial and residential buildings, the operation of commercial properties, obviously the cycle of recovering costs should be longer, but relatively speaking, the impact of market fluctuations is small, and the risk is much lower.

New Dingtai has accumulated a lot of experience in the operation of the Princes Street project for nearly a year, whether it is the leasing of shops or the operation of tourist hotels, the annual rental return rate of nearly 10% is extremely gratifying.

However, Xindingtai also has experience in developing residential, commercial and residential buildings, and in proportion, it is about five or five equals. More importantly, Yu Jun knows that after the launch of bidding, auction and listing, the sharp increase in land prices has pushed up housing prices like crazy after 2,000 years.

If you take into account the benefits brought by the rise in surrounding housing prices, then New Dingtai will definitely be the largest commercial property operator in China in three to five years, rather than a simple developer.

But just from the rental rate of return, you can see how long the cost recovery period is, and in the case that Tao Zhujun did not have the same foresight as Yu Jun, he was naturally extremely surprised.

"Slowly increasing some of the proportion is something that has long been proposed in the rules at the beginning of the year, not to be a single real estate developer, which is the development purpose of New Dingtai." Lin Zixuan said calmly, not affected by Tao Zhujun's astonishment.

"Xindingtai has three strategic partners: Fengyun Network, Youning Supermarket and Yuhui Home Appliances, and has accumulated a lot of experience in the operation of commercial properties," Yu Jun said, "and according to my judgment, in about three years, the cost of all operational real estate projects developed this year will be fully recovered." ”

Tao Zhujun looked at Yu Jun in astonishment, if it was really as he said, this means that the return on investment of the operating real estate project is more than 33%, which is extremely rare even in the world.

But Lin Zixuan and Yu Junken talked openly and honestly, which means that Yinhai Group is already regarded as a major shareholder, which still makes Tao Zhujun's heart very comfortable.

"I'm afraid that's unlikely, right?" But he still hesitated.

"I'm willing to believe what Yu Jun said," Jin Wanting said, holding the coffee cup, "If the land is auctioned publicly, as long as it is a plot with real appreciation potential, the price will definitely increase significantly, pushing up the land price, it goes without saying." As the central government proposed to speed up the process of urbanization, it is necessary to speed up the migration of peasants into the cities. The increase in the number of immigrants and the scarcity of housing will also push up the price of some houses. In addition, in the domestic tax system, the price of land transactions is not included in the national tax system, nor is it included in the local tax system, and the additional fiscal revenue belonging to the local government is also completely likely to push up the land price from the will of the local government. If the three are added together, the price of land in China will rise and the price of housing transactions will rise, which is reasonable. It's just a return on investment of 33% per year, which means that house prices will rise by at least 25% per year, Yu Jun, do you really think so? ”

Jin Wanting's vision is accurate, and there is not much difference between the Tomahawk cruise missiles that appeared in the Gulf War, Yu Jun said with sincere admiration: "What Mrs. Tao said is completely correct, housing prices will indeed rise after two thousand years." The reason lies in the vicious circle of rising land prices. ”

Lin Zixuan hadn't even heard of this reason, so he listened intently to what Yu Jun was saying.

"First of all, how to climb the price of land is fast, after the local government intends to publicly auction a piece of land, first interested in the developer who wants to take the land to submit a bid, the price here is definitely different, no need for the local government to hint, as long as the bid is returned, the developer can understand the intention of the local government, not to mention, there may be state-owned enterprises under the jurisdiction of the local government to participate in the auction. Then there is the first round of pushing up the transaction price of the land, and it should be noted that this transaction price may be different from the price to be paid at the actual closing. However, it is clear to prospective buyers that the transaction price of the land has risen. ”

"Secondly, as soon as the land price is high, the transaction price after completion will naturally rise, and if someone doubts it, the developer must say that it is the reason for the land price to make the house price rise. Now, due to the abolition of welfare housing in China, and due to the collapse of a large number of state-owned enterprises and the restructuring of the system, there are still tens of millions of people who have a hard demand for buying houses every year, which is almost really a seller's market. Even if housing prices are high, there is still nothing that can be done about those who really want to buy a house. ”

"Then we enter the second round of the push stage, where the local government comes up with a better lot than the last time, or a lot that is about the same, and the developer comes to bid again, and there may be developers who have gone through the last auction in the middle. In this case, it is impossible for the newly auctioned land to be cheaper than the previous land transaction price, which means that the land price will rise again. As long as such a game is played two or three times a year, the transaction price in the secondary market can be imagined. ”

"In order to make housing affordable for civil servants in government agencies, the government will come forward to build so-called commercial housing and sell it to civil servants at half or one-third of the market price. It should be noted that since the government receives a large amount of extra income when selling land, more than half of this money will go to civil servants, excluding the usual investment in construction. As a result of various benefits, such as salaries, I see that civil servants will have to at least triple their salaries in the next 10 years. These civil servants, who have bought low-cost houses and still have high salaries, will buy commercial houses again, and so on again and again, how can the price of housing not rise and fall. ”

After all, they still didn't understand the situation in the mainland, and Yu Jun's words made Tao Zhujun and Jin Wanting stunned.

"Doesn't the government need to publish the annual revenue and expenditure status?" Jin Wanting asked.

"That's what the SAR government will do, and it's all up to the local government to talk about how much taxes it collects and what to do with those taxes, and no one knows exactly how it does it." Yu Jun remembered the surging public grievances on the Internet in front of the file, and smiled bitterly.

Lin Zixuan frowned and said: "The state stipulates that every city must build an appropriate amount of affordable housing, even if the housing price rises, the speed will not be the same as you said, right?" ”

"There are policies and countermeasures, and the proportion of affordable housing will be much smaller than the national regulations, if every city is the same, then the law is not the same, what can they do? Even if affordable housing is built, what is the use of giving it all to civil servants? Yu Jun smiled and said, "But the rise in housing prices is good for the development of New Dingtai." ”

Yu Jun looked at Lin Zixuan sullenly and said: "You still want to be a great good person, if you can't see it when Lingxi arrives, just go and build some affordable housing, can you manage other places?" ”

Yu Jun did not mean to let Xindingtai assume the role of stabilizing housing prices, even if he took out hundreds of billions of yuan, he couldn't do it, it was completely against the local government, and Yu Jun was not stupid enough to do that.

"It's the money that makes it so troubled." Lin Zixuan sighed.

"That's why you are allowed to do commercial property, Xindingtai increases investment in commercial property and gradually reduces investment in residential real estate, so do you make money with peace of mind?" Yu Jun said with a smile.

Lin Zixuan is still a person with a conscience, and Jin Wanting is not a hard-hearted person just looking at her energy that cares so much about Africans.

"Isn't it good to be China's biggest landlord in five or ten years? In Hong Kong dialect, it is a charter company. ”

Tao Zhujun laughed: "It's not bad to really want to do commercial property, Yinhai Group has also accumulated rich experience in operation and management in port construction, and there are also a group of construction management personnel at hand." ”

To say that Tao Zhujun and Jin Wanting intend to participate in Xindingtai just to get out of the real sea of Renhai Industry, it is too underestimated to underestimate the business vision of the two.

Silversea Group not only started as a shipping company, but also had been a contractor for the construction of Hutchison Plain Port before the Jin family siblings separated.

Although the construction of commercial property and the construction of the port are different, there may not be no overlap, not to mention that Yinhai really intends to take this part out of cooperation with the new Dingtai, then the new Dingtai is another profit point, and there is also a place to make efforts in industrial construction, so there is no need to help Xiling Holding enterprises build factories all the time.

After chatting for a while, it was determined that the capital injection agreement would be signed tomorrow, Yu Jun came out of the study, but Sun Yuhao stood at the door and waited for a while.

"I bought it for you." Sun Yuhao held the lion's tooth bracelet that was stained with her body temperature, helped Yu Jun put it on his wrist, gently held his arm, and leaned his face on his shoulder.

"Do you want me to be a Lionheart?" Yu Jun hugged her soft waist and thought of Charlie, the famous Lionheart King in England.

"I don't care what Lionheart is, I just feel like it's very good for you." Walking to the sofa in the corner and sitting down, Sun Yuhao said softly.

"You're just lining me, with you by your side, I don't know how many sons and brothers who want to beat your mind will lose sleep at night." Yu Jun twisted Sun Yuha's nose and smiled.

He had already felt the jealous and hateful glances in the corner of the hall, these boys always set themselves in their hearts that the beautiful girl must be theirs, no matter who stood next to the girl, they were not worthy of her.

Sun Yuhao held his head high, and looked at Yu Jun with a pair of clear and bright eyes: "Just don't wet the quilt when they get up." ”

"You're getting worse at it." Yu Jun laughed, reached out and squeaked her, making her giggle.