Chapter Twenty-Four: Not a Good Thing
On September 26, Jinghai Building organized another auction, and Jinghai Construction was only willing to lower the reserve price by another 2 million, and the auction was unsuccessful again.
On September 28, the foundation stone of the new administrative center building of Jinghai City was laid, marking the official opening of the development of the new area. The foundation stone of the Nangang Building, jointly invested by the four companies, marked the beginning of the construction of Nangang New City.
After seven months of marketing, the vacancy rate of Xinghu Court was reduced to 15%, and the capital was returned to 37 million.
The development of the affordable housing project in Binhu Garden, located in the east of Luhong Town, has also reached the stage of structural capping, although the delivery time is still delayed until May and June next year, but after obtaining the pre-sale permit, the housing is sold out in a very short period of time. After deducting the 50 million bank loans to be repaid and the 24 million project funds to be paid, Tianxing Lake made a profit of 36 million on the first batch of affordable housing development projects.
Although the profit margin of affordable housing is low (in fact, it is not low, Tianxing Lake only invested 30 million in the early stage, and the rest of the funds come from bank loans and project advances), but the development cycle is only one and a half to two years, and the time for the return of funds is shorter.
Tianxing Lake has tasted the sweetness of affordable housing project development, as long as it is done properly, the annual profit margin is only higher than that of commercial housing, and there is no risk of sales.
At the beginning, Xu Jian and Chen Zhili waited until Lin Quan's development plan for Tianxing Lake formulated by senior administrators was completely vetoed by Lin Quan, and they were somewhat resentful in their hearts, and then they were completely eliminated. Those developers who have taken land in the north of the development zone, except for Haocheng, who have not yet obtained pre-sale permits, have not yet obtained pre-sale permits, and the return of funds to settle profits is a distant thing.
Tianxing Lake has started the construction of the second phase of the lakeside project, with a construction land of 180 acres and a plan to accommodate 1,000 residents.
With the support of Mayor Zhang Quan, Chen Minghang's Lijing Real Estate Development Company grabbed the affordable housing project of Oriental Garden, and entered a period of intensive preparation, following the second phase of Binhu Garden.
In 2000, there were only two affordable housing projects planned in Jinghai, and other developers could only sigh and wait for next year to squeeze into this particular real estate market.
Lin Quan believes that Tianxing Lake needs to concentrate all its manpower, material and financial resources, and the profits in 2000 will be invested in the construction of Nangang New City, as compensation for Dongdu and Xu Jian, Lin Quan's joint investment will continue to inject 20 million yuan into Tianxing Lake, and Nangang Investment and Development Company will allocate 150 acres of residential planning land to Tianxing Lake at a price of 400,000 yuan per mu, so as to maintain the equity proportion of the four major shareholders in Tianxing Lake.
Tianxing Lake invested 200 million yuan to purchase five residential construction land with a total area of 500 acres within the planning scope of Nangang New Town. In this way, not counting the construction land for affordable housing, the reserve land in the hands of Tianxing Lake reaches as much as 960 acres. According to the agreement between Nangang Investment and Development Company and the land department, Nangang Investment received 100 million yuan of the huge amount of land purchase, which will be used for municipal investment in Nangang New Town.
The land transfer income distribution plan of Nangang Investment and Development Company and the Ministry of Land and Resources is as follows: in addition to the land for the construction of public facilities, the sales of commercial and residential land will be based at 200,000 yuan per mu, and the base price will be increased to 300,000 yuan per mu in the second year, and the increase rate will be 20% every year thereafter.
Nangang Investment and Development Company raised funds of up to 190 million yuan through two large land transactions and obtained 20% of the equity of Tianxing Lake, whose net assets at this time were as high as 420 million.
In July, the average selling price of Xinghu Court was 1,980 yuan per square meter, and with the strengthening of the publicity of Nangang New Town, the selling price of Xinghu Court reached 1,980 yuan by the end of September. The pre-sale price of Haocheng Garden, which opened in September, is 1,920 yuan.
Of course, the base price of the surplus sharing agreement signed between Nangang Investment and Development Company and Haocheng Liu Huadong is 1,700 yuan.
In addition to promoting the public implementation of construction, the most important task of Nangang Investment and Development Company is to demolish and level all the land within the planning area of Nangang New Area. Clean and clean land is more attractive to developers, shortens the development cycle, reduces disputes caused by demolition, and does not need to squeeze development profits by relocating relocated households in situ. More importantly, the cost of demolition in the early stage is low. In 2000, the compensation standard for demolition and relocation was 1,000 yuan per square meter, which was slightly lower than the unit price of affordable housing.
Within the planning scope of Nangang New Town, as many as 2,000 households and more than 9,000 people will be involved in the demolition, and Lin Quan believes that at least this year and next year, 2,000 households will be relocated out of Nangang New Town. In this way, Nangang Investment and Development Company can at least earn a difference in the price of demolition.
Gu Xiaoling sometimes wonders, who is the real decision-maker of Nangang Investment and Starting a Company? All employees are undoubtedly under her leadership, and Lin Quan has not even been in contact with managers at the manager level, but Nangang Investment and Development Company is operating and running with his ideas to the letter.
In the box of Xiushui Pavilion, the people present included Zhao Zeng, Gu Xiaoling, Qin Ming, Zhao Handa, Liu Zhi, Chen Zhili, Qian Wei and other people who had decision-making and influence on Nangang Investment and Development Company.
Gu Xiaoling said sourly: "It's not easy to raise so much money, but you have to take out more than half of the money for demolition at once...... The key point is that when the compensation standard for demolition and relocation is raised next year, these demolition households will realize that the difference in compensation standards will fall on Nantou, which will have a great impact on Nantou's image. In addition, the demolition and relocation in Nantou is semi-administrative, and it seems unfair that there is no compensation option for the relocated households to be resettled in situ. ”
Chen Zhili put his head to Lin Quan's ear and laughed softly: "We are a typical collusion between officials and businessmen, and it is inevitable to poke people in the backbone. ”
Lin Quan looked at Chen Zhili and saw that there was no shame on his face.
Lin Quan said slowly: "This is a matter that is beneficial to all three parties, not only for developers, political axes, but also for demolition households. ”
Gu Xiaoling smiled lightly, coquettish, and said: "The little couple is erudite and eloquent, why would it be beneficial to the demolition households to encroach on the compensation difference of the demolition households, not to mention that there is no redundant resettlement housing index this year?" ”
Lin Quan glanced at Zhao Zeng, Zhao Zeng sighed lightly, and motioned for him to continue.
Lin Quan said: "Although sad, but the political axe led by the housing price to promote land prices, housing market to promote the economy model will become an important idea of the political axe work in the next few years, not only Jinghai City, but also major cities across the country, the increase in compensation standards for demolition, will be far from keeping up with the growth of housing prices." They will be demolished next year, or the year after, and the improvement of the demolition standard can be compared to the loss of housing price increase? ”
Gu Xiaoling was silent.
Lin Quan continued: "Tianxing Lake and Haocheng have made a decision that the demolition households in Nangang New Town can enjoy a 90% discount when buying a house, so that those who are willing to live in Nangang New Town can only pay seven or eight hundred yuan per square meter in advance in addition to the compensation standard, and also enjoy various tax concessions. By the year after next year, the housing prices in Nangang New Town will rise to more than 2,006, and even if the compensation standard is raised to 1,002, those relocated households will have to pay nearly 50% more if they want to live in Nangang New Town. ”
Zhao Zeng sighed: "The later the demolition, the smaller the possibility of choosing a place to live, and in the end, the vast majority of the demolition households will be forced to live in resettlement houses. ”
Lin Quan said: "Nantou actually in another form, increased the compensation for the demolition households, Nantou and Haocheng set a base price of 1,700 yuan, Haocheng Garden sold to the demolition households, the house price should be about 1,700, Nantou actually gave the surplus to the demolition households. ”
Gu Xiaoling asked: "Is it to do some publicity from this aspect?" ”
Lin Quan said: "Don't let the media get involved, after all, it will affect the positive image of the political axe, and the demolition team and the demolition company can be more flexible." ”
Zhao Zeng smiled slightly, he knew Lin Quan's ultimate intention: Liu Huadong and Zhu Yuntian were too pitiful, they were calculated, but they didn't know what was going on. It is foreseeable that a large number of demolition households will pour into Haocheng Garden and Jiacheng Garden, which will be opened in autumn next year. Liu Huadong and Zhu Yuntian made these sacrifices, but they were able to speed up the construction process of Nangang New Town and steadily push up the housing prices of Nangang New Town. Nangang Investment and Development Company will make a profit, but the biggest beneficiary is Tianxing Lake, which holds a large amount of reserve land within the planning area of Nangang New Town. Many years later, the facts also proved that Tianxing Lake is the biggest beneficiary, Tianxing Lake spent five years to develop nearly 1,000 acres of land reserved in Nangang New City in the past two years, with an income of up to 2 billion.
However, Nantou is also the major shareholder of Tianxing Lake, and in the end, it is Nantou that benefits the most, and the largest shareholder of Nantou is the municipal axe.
Based on various assumptions, not only Zhao Zeng supported Lin Quan's idea, but Geng Yimin also recognized it, and the others didn't point it out now, but I was afraid that only Kong Limin could see it.
Since last year, Lin Quan has gradually brought out his talent in this area and brought it into full play, such a Lin Quan, so that Geng Yimin also had to give birth to the idea of dependence, just thinking that Lin Quan could graduate from the province as soon as possible, and he could stay by his side and be his right hand.
(To be continued)