Chapter 16: Picking Peaches
Tianjing Rose Garden, when it comes to this project, in 1999, I am afraid that every Tianjing person with a little experience knows that this villa project has been unfinished in the capital.
As once known as the "first villa in the capital", it is a super-first-class real estate project in terms of land area and geographical location. As a result, the first boss was killed, and then the second boss went bankrupt and retired from the world, and the third boss thought he had picked up a big bargain but couldn't bite the pie, and now he ended up being declared bankrupt by the court and auctioned publicly.
The rose garden project, which covers an area of 500,000 square meters alone, is a giant project in the country, especially after a few years the state suspended the approval of villa projects.
The first boss's surname was Liu, and he was also a mainlander, wearing the banner of a Hong Kong businessman, and obtained the rose garden plot by virtue of high-level relations and improper operations. It seems to be very similar to Qin Ran's plan, but he has already made a fortune in 1992, and he can be regarded as the number one person in Tianjing City. If it develops with peace of mind, it should also be able to enrich the first party. But in the past, the money came too fast, and I was used to flickering, and I couldn't make slow money from slow development. As a result, Boss Liu made up the east wall and the west wall, embezzled the deposit project money and invested everywhere, and as a result, he owed a huge amount of debt, and finally ended up committing suicide with an imbalance of mentality.
The second boss is also a legendary figure, his surname is Tang, and he is a prodigy of Hong Kong's real estate agency, and he is now the founder of many of the rules of the real estate agency industry. He only got the behemoth of the rose garden at a cost of 80 million, and this business is a very, very cost-effective price from now on. It stands to reason that he is the godfather of real estate agency. In 1994, he also stepped into the ranks of billionaires, and the development of villa projects such as the rose garden was not easy to grasp. But Boss Deng has the superiority of Hong Kong people. They ignored the basic national conditions of the mainland and rigidly copied the practices of Hong Kong to Tianjing. Parachuting Hong Kong executives and using the Hong Kong model to deal with the complex relationships of Tianjing. Of course, it is not adaptable. Then he got involved in the whirlpool of approval documents for illegal procedures, and threw all the hundreds of millions of dollars he had earned over the years into the bottomless pit of the rose garden, only to find that there was no sound of water for a long time. In the end, the state could not regulate the real estate market, and the white-eyed wolf was raised by people, so he was exhausted, and the funds borrowed from the Tianjing magnates at high interest rates could not be repaid when they expired, so they had to transfer the rose garden project again at a very small price, and retired from the rivers and lakes.
The third boss is also a Hong Kong native and a friend of the second boss. The surname is Lu. Boss Lu can say that the ancestral tomb smoked a little, and only promised to repay the millions of Hong Kong dollars owed by the second Boss Deng and give him 5 villas, and he got a huge rose garden project, and of course, 650 million in various debts. If he is willing to calm down and develop, or settle the interpersonal relationships within the company, especially not to provoke the second boss Deng to cooperate with the legal procedures, the result will be completely different. Under the infighting of the company's top management, many insider stories were exposed in the media, causing creditors who had already lost patience to file a lawsuit in court. More than 100 creditors. The debt of more than 1 billion completely crushed Boss Lu, and he had to watch the court seal up the entire rose garden project.
The formalities are incomplete and insolvent. At the end of 1998, the Rose Garden was only worth 588 million, but it owed 1 billion to others, and bankruptcy was the only way out for its rebirth. Due to the feet of the Son of Heaven. The impact is huge, and it involves many creditors from Hong Kong, Taiwan and abroad. Therefore, Tianjing City decided to use legal means to solve this problem.
"The largest bankruptcy in China's real estate". In 1999, countless media reporters used such a bold headline to describe the rose garden project.
After the court announced the bankruptcy auction, the starting price was only 388 million, which was 200 million less than the valuation at the end of last year, but no one dared to take over this project for three consecutive days. At this time, it was rumored in the industry that this was a cursed project because it touched the feng shui of the Tianjing Imperial Mausoleum. Of course, this is just a joke, the real reason is that everyone has no confidence in it, and after smashing 388 million, nearly 200 million will be further invested in the later construction. In 1999, the domestic villa and luxury housing market was not opened, and even the owners of the rose garden who had paid the deposit were mostly from Hong Kong, Macao and Taiwan. Spending a lot of money, but the risk of failure is very high, and no one dares to take such a risk.
When the presiding judge was disheartened, he was about to cancel the agreed auction, and a registration call from Jiangzhou gave him a booster.
"Jiangnan Real Estate?"
The presiding judge is somewhat familiar with the name, but he doesn't know what his specific strength is. In any case, the boss of the other party has rushed to Tianjing to submit a capital verification report, as long as the money is in place to solve this hot potato, it doesn't matter who he is. Thinking of this, the presiding judge was reassured.
"Tenkyo Rose Garden?"
When Qin Ran chose to go to Tianjing to participate in the auction of the Tianjing Rose Garden project, all the executives were surprised.
"Yes, that's it, our company is the master who conquers it!"
Qin Ran replied confidently.
The company boss's whimsical plans have become accustomed to the executives, but they still hope that Qin Ran can make further explanations.
"When we do real estate, location is very important, and everyone knows it. If you look at the address of the Rose Garden, it is in Pyeongchang District, under Tianjing, and it only takes 30 minutes to drive to get there. And 388 million, how many square meters of land can you buy in Jiangzhou? According to our current auction price of 200,000 square meters, it is about the same. But in Tianjing, we can get a full 500,000 square meters of land, and nearly three-quarters of it is undeveloped. At the feet of the Son of Heaven, 500,000 square meters of land, you may not be able to buy it for 10 billion next year, I will put my words here now. Who would dare to bet with me? ”
With a wave of his hand, Qin Ran glanced at the executives below and found that they did not dare to take his bet. Because at this time, Qin Ran burst out with an invincible wind that pointed out the country, and no one dared to stop it.
"The Rose Garden is the largest real estate bankruptcy in the country to date, and it is the best way for us to break into the capital. If we can get rid of this broken rose garden, then what else can't we do in Tianjing? Let's do the math again. Now the land cost of the rose garden is 400 yuan per square meter, even if we win this project and hoard land for two years. At least double the difference. Now everyone is waiting and watching because they have no confidence. To put it bluntly, I have no confidence in China's economy, and I don't believe that there are people in China, especially Tianjing, who can afford the price of villas. I've always said that. The take-off of China's economy is unstoppable, so we have to be one step ahead of others and seize places where others can't go. Our company has encountered some troubles when it enters Hudong City, and you may also know it. If you enter Tianjing in the future, you may encounter even more difficulties, because there are many forces there that we cannot afford to provoke now and will not be able to provoke in the future. Since you have to enter sooner or later, why not choose this golden opportunity now? ”
Qin Ran clenched his fists and asked loudly.
"We didn't have much experience in developing villa projects, and we weren't ready to go to Tianjing for a while."
Zhou Zhidong, as the CEO of a real estate company, had to remind Qin Ran not to be hot-headed and dizzy. The Tianjing Rose Garden project looks flawless. But falling into it is a lingering nightmare, after all, it has been pitted for three consecutive bosses.
"If you can't do it, you can learn, not to mention that I believe you will be able to deal with this hot potato. No, after the court auction, it is no longer a hot potato, but a mountain of gold with wealth, waiting for us to discover. The policy of participating in the auction has been set, and the funds occupied will not affect the company's already established projects, which Mr. Sun can testify. ”
Qin Ran glanced at Sun Jingui. As the CFO, he quickly nodded to confirm that this was indeed the case.
"Let's do it, anyway, it's not the first time that our company has competed for the first place in the media."
Liu Xufeng was referring to the fact that Qin Ran spent 400 million to shoot the current "Jiangnan? Impression" of the A1 plot. As a former employee of Tianjing, he understands the importance of the Tianjing area to a company.
Sometimes Qin Ran is really a madman, how can he lead everyone to develop by leaps and bounds if he is not a madman? The executives finally unanimously agreed to Qin Ran's proposal to march into Tianjing to pick peaches.
Look at the huge area. With the 178 villas that have completed the main building, Qin Ran finally saw the true face of the rose garden. Looking at the past, there is still a large area of land that has not had time to be developed. In Qin Ran's eyes, these were golden peaches waiting to be harvested by himself.
Tenkyo's famous "Tenkyo Hotel". Today, a large number of media reporters are ushered in, and the auction of "China's largest real estate bankruptcy" is about to begin.
Sure enough, it deserves to be the capital. Even the media that came here were well-known units in the country, and compared with Jiangzhou, Qin Ran understood what it meant for Grandma Liu to enter the Grand View Garden.
Zhou Zhidong, Sun Jingui and Qin Ran formed a delegation of Jiangnan Group to attend the on-site auction of the rose garden project held at the Tianjing Hotel today.
"Hello, Boss Cai."
Qin Ran deliberately found the boss of the construction party from Ludong Province to shake hands, he is now the largest creditor of the rose garden, because he has been advancing funds to promote the villa project. So far, he has a total of nearly 250 million debts. If Qin Ran didn't show up, the taciturn boss of the construction party would stand up and take over the rose garden. But now, this peach that was about to ripen was rushed from Qin Ran, who was far away in Jiangzhou, and was picked first.
"Mr. Qin, I hope you can fulfill your promise."
Boss Cai was also hesitant about whether to participate in the auction before, and if no one signed up, he would definitely have no choice but to take over. But now that he has killed the Jiangnan Group, then of course he will give up, after all, he is far from it in terms of strength. Now he only needs to be able to get back the debts in his name, not to mention that Qin Ran agreed to continue to complete the construction of 178 villas in order to appease him, in fact, Qin Ran transferred part of the benefits to him, and did not rule out follow-up cooperation.
An opportunity to become a billionaire slipped away from the other party like this, and only Qin Ran knew this at this moment. But, this is the mall, exciting and brutal!
"398 million!"
Under the watchful eyes of all the reporters, Jiangnan Group only raised its card once and won the Tianjing Rose Garden project at a price higher than the reserve price of 10 million.
Under the spotlight, Qin Ran went to Tianjing as he wished and picked the biggest peach in his life, a fairy peach worth tens of billions! (To be continued......)