Chapter 287: The Terrorist Proceeds of Real Estate Companies

South Korea's real estate sector has been hit hard by the economic crisis, with Seoul, for example, where commercial housing prices plummeted by 22% in just a few months.

It is against this backdrop that Kim Yoon-ho's real estate company has used 100 billion won (about $100 million) borrowed from the Pan West Gang and the Seven Star Gang to buy land on a large scale.

The government sells land by auction, and needs to pay a deposit of 10% of the total price of the land, and then pay the remaining part within the specified time, and then go through the land certificate and other related procedures.

For land sold by private auction, a deposit of 6% of the total price of the land is required, and the remaining part needs to be paid within the agreed time.

Referring to these transaction methods, using the principle of real estate leverage, usually $100 million can buy up to $1 billion to $1.5 billion worth of land.

However, with the authorization of Kim Yunhao, Li Xiaoran, a crazy woman, played even more.

She buys the land directly from these real estate companies, eliminating the need to pay a security deposit.

When signing a contract for the purchase of land with the other party, only a low deposit was paid, and the repayment period of 2 to 3 months was agreed, and finally a high liquidated damages clause was added as a guarantee.

In this way, Xixian Real Estate Company used $100 million to purchase a total of $5 billion worth of land.

This kind of crazy operation made everyone who watched it tremble. Even Li Xiaoran, who is accustomed to seeing big scenes, is actually panicked in her heart.

However, while she was worried, she also experienced great stimulation, and this complex emotional experience made her want to stop.

Amid the fear of the owners of Xixian Real Estate Company, the South Korean government took action in early November.

In order to get rid of the economic crisis, activate the real estate industry, and encourage real estate transactions, the Li Mingbo government officially introduced a series of real estate stimulus policies to save the market.

The first real estate policy:

The bill "Those who purchase a house of 600 million won or more will pay a comprehensive real estate tax that is 8 times that of an ordinary house" has been changed to "Those who purchase a house of more than 900 million won will pay an additional comprehensive real estate tax." The aim is to increase the willingness of South Koreans to buy houses.

The second real estate policy:

60% of capital gains from home sales will be taxed. Reduced to 30%.

As a result of this measure, people who own multiple homes are gradually starting to put their properties on the market.

The third real estate policy:

'Accelerating the pace of housing redevelopment' means encouraging developers to rebuild and redevelop apartments that are 30 years old.

This policy has substantially promoted the recovery of South Korea's real estate market.

After the introduction of three policies one after another. South Korea's real estate has survived the harsh winter and ushered in spring, and housing prices across the country have been rising. It has returned to pre-crisis levels in a short period of time and is expected to continue to rise.

At this time, Xixian Real Estate Company hoarded land with a total value of $5 billion. In just over a month, it made a profit of 22%, or about $1.1 billion.

Seeing this situation, Kim Yunhao decisively chose to take action and sold all the land he had hoarded.

Ordinary land is sold by Li Xiaoran, while some high-quality bulk land is sold by him personally.

After selling the land, Xixian Real Estate Company made a terrifying $1.1 billion in proceeds.

Leaving aside the 30% of the profits given to the Lee family, the high-interest loans repaid to the Pan West Gang and the Seven Star Gang, and deducting operating costs, Kim Yunhao finally earned a total of 500 million US dollars, or about 500 billion won.

See this huge amount of money in your account. Kim Yunxi was stunned.

"Brother, 500 billion won, how are we going to spend it?"

During this period of time, following Li Xiaoran, Jin Yunxi's horizons broadened a lot, and she was not stupid by the huge profits. Now that she asked this stupid question, her mentality was already very good.

Kim Yun-ho sat on the sofa in the office and smiled with satisfaction: "Save it for you as a dowry." ”

Jin Yunxi glanced at him, muttered dissatisfied, and said, "Brother, I'm going to get down to business." ”

Kim Yunho shrugged on one shoulder: "It's just for you as a dowry." I will buy you a house first, and use it as a wedding room for your marriage in the future. ”

Kim Yunxi moved her hips. leaned next to him, patted him on the shoulder, and said old-fashionedly: "Yes, I don't usually hurt you in vain." ”

Kim Yoon-ho glanced at Kim Yoon-hee. The eyes asked: Do you have itchy skin?

Noticing his brother's demeanor, Kim Yunxi turned sideways to dodge, and after escaping from the attack range, he actually provoked Kim Yunhao with his eyes.

Seeing the picture of the two Kim Yunhao sisters fighting, Li Xiaoran, who was sitting opposite, smiled and said loudly:

"You don't have to worry about the house. I've got you covered.

In a high-end community in Tongque District, a 260-square-meter duplex apartment has been prepared for you. It is very close to the District Prosecutor's Office, just a 10-minute walk.

In Gangnam/Samseong-dong, a 500-square-meter villa is prepared for you, and a 300-square-meter duplex apartment is prepared for Yunxi in Cheongdam-dong. ”

After listening to Li Xiaoran's introduction, Jin Yunxi asked suspiciously:

"Two apartments, one villa, both in a top location and certainly a good price. Three houses are estimated to be more than 20 billion won, right? Why did you suddenly give such a big gift? ”

Li Xiaoran smiled and explained: "It's a gift for your brother, this time our Li family has earned 300 billion won, and we have to say something." ”

Looking at Li Xiaoran's charming expression, Jin Yunhao thought about it for a while, and then understood Li Xiaoran's or the Li family's intentions: "You want this real estate company?" ”

Li Xiaoran's eyes blinked: "Hehe... There is an idea of this. ”

Kim Yunho shrugged on one shoulder: "It's not enough." ”

Li Xiaoran bent her eyebrows: "I forgot to say, there is also a 1,000-square-meter store in Tongque District." ”

Jin Yunhao nodded, and said meaningfully: "Yes, I will handle the relevant handover procedures tomorrow." In addition, I need your help to deal with the remaining troubles on my side. ”

Of course, Li Xiaoran knew what Kim Yunhao was referring to, it was nothing more than the inconvenience of identity, but in the eyes of the Li family, these problems were all small things.

As long as you can get this company, you will be considered a successful entry into the real estate industry. No matter how much you give, it's worth it.

"Hehe, those things will be taken care of for you, after all, my second grandfather is still a senior prosecutor general, so you don't have to worry about these little things. So...... Happy to work with. ”

Li Xiaoran stretched out her slender jade hand, shook hands with Kim Yunhao, and after reaching an agreement, she got up to say goodbye.

stared at the back of Li Xiaoran leaving. Jin Yunxi pondered for a long time before asking, "Brother, why did you let go so easily?" Those plots were, and so does this company now. I can't figure it out. ”

Kim Yunho sighed and explained, "Copy the bottom of the land." Making quick money, it doesn't touch the fundamental interests of those big companies, they won't say anything.

But if you hold on to these plots of land and don't let go, it is equivalent to grabbing land resources with those big companies, which will cause public anger. We simply can't afford their wrath.

So. Not only do we have to sell the land in time, but even this company has to be disposed of together. ”

Jin Yunxi nodded, and then asked, "Then Li Xiaoran's family will be okay if they take over the real estate company?" ”

"Yes! It's just that the Li family is confident that they can deal with these problems. Kim Yunhao said confidently: "But these things have nothing to do with us, let's just take the money and leave." ”

Jin Yunxi's big black eyes turned, and he asked in a low voice: "Brother, you have always had a long-term plan for doing things, and the way you do this is not like your style. I'm afraid you have other plans, right? Say it and hear it? ”

Jin Yunhao flicked Kim Yunxi's head and said with a smile: "You're smart!" There are plans for the next step, but there is not much time. Wait a while. ”

Now it will take him a while to slowly digest the 500 billion won.

First of all, he must disclose the income from this property to the outside world, otherwise it will be a dynamite bag in the future.

Now with the help of Senior Prosecutor General Lee Kyung-min and Park Kook-kwon, plus the fact that these incomes are completely legal, I believe that after the public announcement, the problem will not be very big.

In addition, now he is still the spokesperson established by the prosecution, and with the recent jewelry robbery case, I believe that the Supreme Prosecutor's Office will take care of him.

In this way, even if it will attract some attention from the public, it can be quickly suppressed. It won't affect him much.

But there is a premise for this. It just takes a buffer time. During this time, he could not make any more big moves.

That's why Kim Yoon-ho joked and saved the money. Wait until this storm has passed. The Jeju Island real estate plan was started again.

Knowing Kim Yun-ho's long-term plans, Kim Yun-hee didn't ask any more.

The brother and sister chatted for a while, and Jin Yunxi couldn't sit still: "Brother, why don't we go and see those properties?" ”

Seeing Kim Yun-hee's expectant eyes, Kim Yun-ho shook his head and smiled: "Okay, let's go and have a look." ”

——

Lee Xiaoran in order to take over the real estate company from Kim Yoon-ho. A total of 4 properties were offered in exchange.

After Jin Yunhao took Jin Yunxi to visit these 4 properties, the two made a unified decision: the 2,000-square-meter store in Tongque District was reserved for Zheng Daiqin to open a restaurant.

The brother and sister knew that their mother's dream was to open a large noodle restaurant, and they had often heard Zheng Daiqin mention this matter before, and encouraged Kim Yunhao with this dream, asking him to study hard and buy her a store in the future.

It's just that after Kim Yunhao grew up, Zheng Daiqin stopped mentioning this dream, for fear of putting pressure on Kim Yunhao and misleading Kim Yunhao to go astray because of corruption.

Although Zheng Daiqin hasn't mentioned this matter for a long time, Kim Yunho and Kim Yunxi have always remembered it.

Therefore, after seeing this store, the two immediately thought of staying for Zheng Daiqin to open a restaurant.

The remaining three residences were also quickly divided.

The apartment here in Tongque District is reserved for Zheng Daiqin, and it happens that the distance between the apartment and the store is not very far, and it is convenient for Zheng Daiqin to commute to work.

In addition, it is not far from the district prosecutor's office where Kim Yunhao works, and he can usually go back to live with Zheng Daiqin, which is very convenient.

The apartment in Cheongdam-dong was left to Kim Yun-hee as her dowry. However, Jin Yunxi has no intention of living there, she still wants to live with Zheng Daiqin at present.

In this regard, Kim Yun-ho certainly agrees. If Jin Yunxi was suddenly allowed to go out to live, he would actually be a little reluctant.

As for the villa in Gangnam / going to Samseong-dong in the end, Kim Yoon-ho left it by himself.

It is not very far from the apartment where ** company and Xu Xian live, and it will be much more convenient for the two to meet in the future, so they don't have to run back and forth.

In this way, under the simple discussion between Kim Yunhao and Kim Yunxi, four properties with a total value of more than 30 billion won were divided in this way.

"Let's go, pick up my mother and surprise her." (To be continued.) )