My Lord, you need to stand up!

Chapter 948 I can't take it anymore, I really can't take it anymore.

The deep-water port terminal project also involves a process of conducting on-site surveys to arrive at the final design.

So that's not the point right now.

After reporting on the automotive industry and shipping, Wei Dong was urgently summoned, which was the main reason for urging him to return to Shanghai.

Of course, this includes the sales of the international community, as well as the first batch of urban construction fees and landscaping fees already submitted to the Shanghai Municipal Finance Department, totaling HK$1.5 billion!
How exactly is this money calculated?
The two million square meter international community site was handed over to Wei Donglai for development into a new community with a building area of ​​more than two million square meters.

The city couldn't find a better choice to take on the role, and it was also a test of Wei Dong's reputation to see what he could do.

Therefore, the agreement signed at the time was very loose.

Besides demanding that pricing be on par with Hong Kong or even Tokyo, everything else must be of international standard.

The implication is that they are willing to pay a high price for the property and spend more money on its construction.

Anyway, Shanghai didn't spend a single penny; the contractors funded it all, and then the foreign exchange consumers paid for it.

The modern urban community in Shanghai has attracted international business people, overseas residents, and compatriots, bringing more investment.

Most importantly, we obtained the foreign exchange we desperately needed.

The agreement didn't specify how much profit these real estate properties could bring to Shanghai.

Letting Wei Dong and Chi Shiming discuss it is a deliberate attempt to see if you're decent; if you're not, then they'll teach you how to be decent.

Fortunately, Chi Shih-ming was also a young man, and he could understand Wei-tung's reasoning, as he didn't have the greed to grab money like crazy whenever he saw it.

This is truly very rare.

They both considered this a disguised form of land price increase.

So it's impossible for people in Shanghai not to be pleasantly surprised.

The funds are now being transferred to Chinese-funded banks in Hong Kong, which is considered foreign exchange receipt.

Then half of it will be allocated to Shanghai.

This is pure income!

If calculated this way, the entire international community could distribute billions to Shanghai every year.

The computer manufacturing sector has a production value of several billion US dollars this year, with foreign exchange earnings being the main source. The actual profit is not even that much, not to mention the tax revenue that the city can obtain.

So selling land is a real money-maker!
Wei Dong needs detailed data to support his claims, and a PowerPoint presentation would be even better: "After the Spring Festival, we sold a few more units, about 1,400, of which 300 were paid in full. With mortgage loans from HK banks, the total amount in the real estate company's account is close to HK$3 billion. The specific expenses, construction costs, and community costs still need to be calculated, but we have allocated urban construction fees and landscaping fees in advance, and the remaining amount will be calculated and paid gradually as the project progresses."

The city government really wants to understand how you calculated it.

Rang Weidong shrugged and shirked responsibility: "The pricing power was given by the city, not requested by us. So it is definitely based on our costs, including a reasonable profit, and the rest is handed over to the city. If we were selling to local residents, the pricing would definitely not be like this."

They even compared it to others: "This price is still too high. It's not targeted at users in Hong Kong, Macau, Taiwan, or overseas. It's not because of Shanghai's special status. It's impossible to sell it for such a high price. To be honest, before the Spring Festival, we started building a small villa next to the Chinese University of Hong Kong in Sha Tin. One unit was only this price. It faces the sea and is backed by a university. It's better than this."

He pulled out a photo album, all of which were orchestrated by Chi Shih-ming. So the international community had already taken a lot of "artistic photos," and the Celebrity Village was just the design draft and construction photos.

However, the water sports training center has already been completed, and it is indeed as beautiful as a tourist attraction with its pier on the beach.

The small villas, almost all designed individually, are even more full of artistic atmosphere.

Compared to the international community as a whole, it still has a lot more charm in its elegant and unified style of modern Chinese architecture.

This is the result of bringing in professional designers. Even though there were villas in the international community, they weren't designed with such meticulous attention to detail back then.

The cost is also unacceptable.

After all, it follows the uniformity of a "large-scale residential complex" model.

However, this design scheme led by Xiao He can be quite profitable in Hong Kong because the land price is cheap and the construction cost is slightly higher but not more than two thousand US dollars per square meter. So Xiao He should be able to earn millions of Hong Kong dollars this time!

Wei Dong deliberately created this outcome for the guy who almost fled more than half a year ago.

If you are willing to follow and work hard, you can realize your own value.

Of course, without any explanation, people in Shanghai were already praising the plans: "Did you also come up with these plans? Why not incorporate an international community?" Wei Dong gestured: "Didn't we emphasize the overall feel of the Shanghai International Community in the early stages? The construction is less than 20% complete now. Once the overall effect is out, we'll discuss it with the city and design institutes. Doing it this way is just messy beauty, not necessarily grand."

It's actually a matter of aesthetics; it's not suitable for people in mainland China to express their individuality right now.

After weighing the options, the city decided: "Then we should prioritize a grander scale. Once the international community is developed, we can then develop another high-end villa area. Compared to the villas of the old era, that will be a legendary development."

There is a saying that there were many buildings with artistic content in the concessions before liberation. Later, all the buildings became the same old-style houses, and even high-rise buildings were not as attractive as those old-style houses.

Shanghai's taste is still among the best in the country.

Wei Dong laughed and said, "That's all for several years from now. The current situation is that Pengzhen has already started land auctions with land transfer fees. We happen to be at the forefront of housing reform, so how to deal with this change requires exploration from all parties. Land auctions and land transfer fees will inevitably lead to rising housing prices. So the question is whether to protect housing prices and ensure the progress of housing reform, or to protect profits and pass the housing price on to homebuyers. All parties involved in real estate construction will definitely have to wait and see."

He still had to be careful to remind them, since he had already brought it up two or three times himself, whether or not the land transfer fee should be collected.

Wasn't the former head of the Economic Commission also present? Back then, he had instructed Wei Dong not to bring up this matter casually.

But the sudden appearance of this land auction did startle Wei Dong.

The city authorities will definitely ask him why immediately.

At this moment, the photo album that had been passed around slowly moved to the side, and Zhang Lanzhi naturally took it, lowered her head and slowly flipped through it, looking very carefully.

It's as if I'm looking back at a time that I didn't spend together.

Wei Dong didn't notice any of this: "What does auction mean? It means the highest bidder wins. The construction and development companies will meticulously calculate how much I can sell it for at most, and how much this land will ultimately be worth. In order to sell it for that much, they have to find ways to create selling points. Housing prices are going to keep going up. State-owned land companies naturally think the more expensive the better, but who will ultimately bear the cost?"

This was his and Chi Shiming's reaction after hearing the news: "HK housing prices have been pushed up step by step like this. The houses we are building this time are far below the market price. They are considered collective housing. The goal of everyone having a place to live is still a very realistic thing. It's not that auctions are bad, but the government should have controlled it more from the beginning. They should have calculated the land price, housing price, cost, and profit, and then gradually handed it over to the market after this model was adapted. The current step is still a bit too steep. It was not easy to bring this up before."

The man from the Economic Commission exchanged a glance with him and nodded knowingly: "They are discussing amending the law on this. Pengzhen is trying it out as a special economic zone, and the land being auctioned is for commercial use, not residential. Hmm, speaking of which, it seems that the international community is exactly this model? The government sets the price, and the contractor lists the costs and profits?"

Since Wei Dong was already there, the focus was on providing a risk warning and protecting his own bank and insurance company.

He immediately realized he had gotten himself into a trap and didn't want to become a benchmark for real estate: "Hey, hey, no, no, the international community is a special case because Shanghai has special significance. How many cities in the country can attract so many overseas businessmen, Hong Kong, Macao and Taiwan compatriots? We just happen to have our own promotional methods in Hong Kong, which is why we have this result."

They even went so far as to smear us: "Actually, the fact that we seem to be selling well is not entirely due to our original intention. We wanted to sell more to overseas investors, Japanese and European and American manufacturers, right? At present, we only have the ability to sell to Hong Kong. We are hoping that this group of residents will bring up the popularity and see how to sell to other overseas consumers. This depends on the strength of Shanghai. We will play a supporting role."

Those familiar with him burst into laughter: "Wei Dong always gets slippery when it comes to achieving results and taking on more responsibility. But the construction and sales trend of the international community is indeed good. There are many more overseas Chinese returning to Shanghai to visit relatives around the Spring Festival. So the next step is what you said: to increase the popularity and scale of the community?"

Wei Dong already understood: "Yes, on the one hand, we should promote occupancy as much as possible, and on the other hand, we should improve the supporting facilities for living environment, such as commercial streets and commercial centers. In addition, as these building communities become more and more complete, we need to accurately and meticulously divide the urban construction facilities such as transportation facilities and public green spaces, and determine which ones are done by developers and which ones are done by municipal landscaping and greening. This is the standardization exploration that we should make for various places."

This is why, even though 1.5 billion has been paid, several hundred million is still outstanding.

Before responsibilities are clearly defined, money should be spent where necessary; businessmen won't suffer in silence.

The city officials felt that you had both explained yourself and not explained yourself. The project was indeed successful, but it couldn't be promoted widely.

Those in charge were somewhat disgruntled: "How about you demonstrate another standard case study?"

Everyone burst out laughing.

Because Wei Dong immediately waved his hands repeatedly, just like they were used to, saying that it was really impossible to do it, and that there were already so many real estate projects in Shanghai.

I'm really not a real estate developer...

So this can be considered a progress report on last year's work. Before ending, Wei Dong casually mentioned that he had temporarily taken over the work of the Investment Promotion Bureau.

Those of you who are busy with your daily affairs may not have noticed that the bidding bureau has already started to engage in financial affairs related to domestic "private" banks and social security.

Many thought it was to make things easier for him to work in Hong Kong, and even told him that he could seek support from Shanghai Hai if he needed anything.

Your work in Hong Kong is your top priority right now. We've all heard about what you've been going through there, so please be careful.

These exchanges when they got up to say goodbye already carried a hint of elder's care and colleagues' concern.

Zhang Lanzhi stood on the outside with her head down, quietly putting the photo album into her pocket.

Even after Wei Dong was released, there was still a lingering fear of getting away with it, and we couldn't add any more burdens to him.

I really can't take it anymore.

(End of this chapter)