Chapter 207: Unfinished Real Estate

Hangang Construction Project Department......

"We want a refund!"

"Unscrupulous developers!"

"Give me back my hard-earned money!"

……

Facts have proved that regardless of whether it is H country or Chinese, it is impossible to calm down when encountering such a thing as an unfinished house.

For example, the land on the riverside of Hanjiang Construction was originally sold very hot because of the news that the big star Cheng Ji-hoon was about to settle in.

But now, because Xuan Daoqing was arrested, coupled with the hidden financial black hole, it was suddenly revealed by the outside world, and the entire real estate suddenly fell into a state of stagnation.

So much so that owners who have already bought their homes are worried that they will not be able to get their homes, so they start to gather here, thinking about recovering their life savings from unscrupulous developers.

However, where can the construction of the Han River, which is already suffering from internal and external troubles, get this money?

So now this project can only be taken over by other companies.

Faced with this situation, the Hancheng City Hall naturally has to come forward to deal with it, otherwise it is likely to affect future votes.

But this is an opportunity, a rare opportunity, in Kim Jae-ryong's eyes.

Real estate development companies basically don't have to do anything, they only need to pay a sum of money to auction off the land, and then find a builder to build the house and sell it.

You see, the money to buy the land comes from the bank, and the contractor is responsible for building the house.

Therefore, when a sum of money is invested in real estate development, as long as the construction can be quickly started to meet the standard of sale, in today's real estate boom industry, the funds can be recovered in a very short period of time, and then the real estate will be mortgaged to the bank to form a new loan to invest in the construction of new real estate.

And so on, using a piece of land to eventually leverage countless pieces of land, and then as the debt becomes larger and larger, the scale of the company's revenue grows larger, and then the profit is like a snowball, and the tide rises.

In the final analysis, it is not a construction issue, but a financial one.

Real estate companies are actually just as much as financial companies, and the profits are much more attractive.

……

But now Kim Jae-ryong wants to eat this piece of meat, and he is still a little reluctant. But he has already seen the signal that Hancheng Real Estate continues to rise, so he will definitely not give up this opportunity to get on the bus.

To engage in real estate, you don't need to know any business principles in a place like Hanseong, as long as you have money, and then choose the land not far from Gangnam-gu or Seocho-gu, if possible, try to choose an area close to the Hangang River, it is still 2002, and the development of Hanseong is far from the scale of the future.

There are even some areas around that have great potential in the future, which are still farmland.

Of course, Kim Jae-ryong does not want to devote himself wholeheartedly to the real estate industry. He just wants to take advantage of this wave of rising opportunities to make some quick money.

"Armani! You see, if you don't help, these people won't be able to get their own houses!"

"Hey, one west...... What does it have to do with me if these people can't get a house!"

Granny Pei, who was invited by Kim Jae-ryong, couldn't help but sneer when she looked at the lively real estate sales office.

She has been in this industry all her life, and she has relied on her own hard work to control many shops in the Itaewon area.

Although Granny Pei is not a chaebol, her strength is not very big compared to the chaebol.

To put it simply, Granny Bae has high-quality assets in her hands, after all, the restaurants and bars in Itaewon will not worry about customers at any time.

And correspondingly, the shops there will not have to worry about finding tenants at any time.

So holding those real estate is equivalent to pinching a golden rooster that lays eggs.

In fact, there are still many invisible rich people like Granny Pei in Hancheng.

These people are not as prominent as the chaebols standing in the foreground.

can be a well-known figure in private.

For example, there is a well-known private bond market in Myeongdong, Hanseong.

Many celebrities, politicians, and even chaebols will be regulars over there.

And how many transactions over there that even the prosecutor's office of the National People's Court of H can't figure out, have created one super banker after another in the private debt market.

……

Kim Jae-ryong knew that Granny Bae, who was used to buying shops in popular areas, did not want to participate in the construction of the house.

Because it's not an area she's familiar with.

However, the trend of rising housing prices in Hanseong remains unchanged.

How to let Granny Bae enter the primary market from the secondary market of housing is a point that Kim Jae-ryong urgently wants to convince Granny Bae to adapt.

"Armani! I know that buying a property that is about to go out of fashion is not in line with your usual business practices, but now is an opportunity, and I promise that in less than 4 months, I will be able to recover all the money here!"

"Four months? I didn't know how quickly I could build a house now, and I could complete the construction of a community in 4 months?"

"You don't have to build it completely, the profits can be cashed in slowly, but if you just recover the funds, it's still okay...... The point is, since we met, have I done anything that makes you feel at a loss?"

"Hey ......"

Granny Bae looked at Kim Jae-ryong with some hesitation.

To be honest, when I first met this kid, he was really just a little ruffian.

But this kid has now become a great big man, and has even appeared in the financial magazines of country H.

She didn't know what was so great about the Japanese guy Kim Jae-ryong visited in Japan.

But it was described in a financial magazine that the Japanese was indeed a well-known entrepreneur like the president of H country Sanxin.

In short, the eyes of that kind of big man should not be wrong.

And to be honest, accompanying my mother-in-law is also a real estate auction, but now I am not buying a house, but a whole real estate.

So after being stuck in 20 minutes of thinking.

Granny Pei finally rolled down the window, then clasped her hands together, and said earnestly:

"In the dragon! My mother-in-law has no sons, and there is no one who can inherit property, my mother-in-law's only hobby is to buy a house, only when I see a house that can be rented to others, and then I see those people who live happily in my house, I feel that I am also happy, I feel that ah, I don't seem to be lonely! I can lend you the money...... But you have to make sure that you don't be the kind of person who only plays for money!"

"Mother-in-law!"

Kim Jae-ryong heard her mother-in-law's somewhat heart-warming tone, and then saw Granny Pei directly take out a check and sign her name, and then handed the check to Kim Jae-ryong.

"You haven't written the amount yet!"

Kim Jae-ryong asked in surprise.

And Granny Pei just glanced at him, and then smiled without saying a word.