A century-old wealthy family that rose from Shanghai

Chapter 137 Continue to Acquire Land
Not only are people not allowed to celebrate the Spring Festival, but major companies are also not taking holidays, making it the strictest year in history.

Why is it called "the most severe year in history"? Because the practice of not advocating celebrating the Spring Festival began with the "Decree of the Provisional President on the Issuance of the Calendar" in 1912.

Now that the Nanjing government has nominally unified the country, it is natural to bring up the old issue again and enforce it more strictly.

In fact, it is a manifestation of politics!
The Oriental Daily received a notice that it was only allowed to report news about government law enforcement and the actual situation in society, and was not allowed to have any "conclusions". In other words, it would not act as a judge, and readers would be allowed to judge whether it was good or bad.

It is not to say that Oriental Daily has never had its own "judgment", but it has always maintained a "neutral" attitude on sensitive political issues.

Chen Guangliang does not need to personally handle how to strike this "degree". After all, as long as he is not consistently "anti-South Whale government", occasional prominent remarks are not a big deal.

So as long as Chen Guangliang grasps the general direction, other problems will not be a big problem!
The troublemaker is still the Shenbao, while the Xinwenbao is biased towards the Nanjing government.

After the Spring Festival, Chen Guangliang came to Siming Bank.

Under the introduction of Yu Qiaqing, Sun Hengfu, Chairman and General Manager of Siming Bank, met with Chen Guangliang.

Yu Qiaqing was only a director and assistant manager of Siming Bank, but he was the founder of Siming Bank at the beginning.

In 1910, the Shanghai stock market experienced a shocking rubber stock craze (some foreigners in Shanghai devised a rubber stock scam), and Siming was nearly overthrown. Sun Hengfu, a Ningbo native and then manager of the Shanghai branch of the Bank of Zhejiang, seized the opportunity to acquire the bank and become its chairman and general manager.

As soon as the two sides met, they naturally played the "fellow-townsman card". They were all from Ningbo, so there was always some friendship between them.

Sun Hengfu said during the meeting: "It is true that the Yangtze River's waves behind push forward the waves in front. Ningbo has produced another great businessman."

If he were just a real estate developer, he would not deserve such praise, but now Chen Guangliang is a newspaper tycoon, and most importantly, he is still young.

Chen Guangliang took the opportunity to say, "Senior Yu and Senior Sun are both role models for us Ningbo people. It is because of you that we, the younger generation, have a guiding light."

If you don’t play the fellow countryman card, it would be a waste.

Among their fellow Ningbo people, there is also a biggest figure, who is the most powerful person in China today.

Sun Hengfu continued, "Okay, let's talk more about that. Qia Qing, you want to borrow some money from Siming Bank?"

Chen Guangliang nodded and said, "I'd like to borrow 20 yuan from Siming Bank to develop real estate, primarily to acquire land on Yuyuan Road and build a number of villas. As collateral, I intend to use the land deeds on Weihai Road and Xiafei Road, valued at 30 yuan."

With the success of Xingfu Home and the appreciation of his land by about one-fold, he released all the mortgages on his 20 mu of land on Xiafei Road and 10 mu of land on Weihai Road.

In other words, although he still borrowed 20 yuan from Shanghai Commercial and Savings Bank and 10 yuan from Jincheng Bank, the collateral became the subsequent income from the "three real estate projects" and the deed to the 63 acres of land on Yuyuan Road.

His current loan amount is not exaggerated at all. Many real estate developers adopt the method of "serial pledge" and have multiplied their funds by many times.

Moreover, if Chen Guangliang had not decided to develop "installment-based and layered real estate" a little earlier, he would not have considered continuing to borrow 20 yuan.

After all, since he has decided to do a hit, he naturally hopes to get more profit.

Sun Hengfu said, "Given the reputation of Changjiang Real Estate, if your Daode deeds are truly worth 30 yuan, I will loan you 20 yuan. After all, you've successfully developed real estate without spending your own money. Now that you have the land and the capital to invest, your stability is definitely not high."

It is also in the past two years that the deposits of major banks have increased, and they have become more relaxed about lending.

Of course, good customer reputation is still the most important.

Chen Guangliang said, "That must be around three hundred thousand dollars. By the way, how is the interest calculated?"

The three hundred thousand oceans might be a bit exaggerated, so he didn't say it too confidently.

As for interest, he naturally desires low interest.

Sun Hengfu thought for a moment and said, "How many years will you borrow it for?"

"two years"

Two years is already a very generous period; he may still be able to pay it back after a year.

"Then it's a low-interest loan at 12%. How's that?"

"Good" interest rates are only as high as those offered by Chinese banks.

Companies like Sassoon and Hartung offered interest rates of only 8%, or even 6.5%, back then. However, they borrowed from foreign banks, and their reputations were excellent, which is why they were able to do so.

As for foreign banks of that era, they basically would not lend money to Chinese people. Only people like Shanghai real estate tycoon Cheng Linsheng could obtain loans from foreign companies or banks by using his high-quality properties as collateral.

The loan issue was soon settled. Chen Guangliang expressed his gratitude to Yu Qiaqing and Sun Hengfu, then stood up to say goodbye.

Sun Hengfu sighed and said, "At just over twenty years old, he has achieved this. If he continues to develop in the future, I'm afraid he can take over from you, 'Brother Ade', and uphold the banner of Ningbo merchants."

In real estate, one can achieve great success by developing hundreds of houses in a year.

In the newspaper industry, a new newspaper can be ranked among the top newspapers with a sales volume of tens of thousands of copies nationwide;
More importantly, he rose from the bottom of society, from a rickshaw puller. This fully demonstrates that he rose step by step from a complex social environment. Such a person's ability is beyond doubt.

Yu Qiaqing said with a smile: "Are you praising me or him? It's too early to say anything about this matter, but it's a good thing that our Ningbo has so many talented people."

Of course, it's all a kind of fellow-townsmanship.

If we say that Chen Guangliang’s achievements are not even up to par in front of these bigwigs, then they are not up to par at all.

After all, Chen Guangliang's net worth is only over 500,000 oceans, while tycoons like Yu Qiaqing have net worths of tens of millions of oceans.

a few days later.

Chen Guangliang invited brothers Wang Xiancheng and Wang Juncheng to come to Changjiang Real Estate to discuss matters.

In the office, Chen Guangliang said, "Boss Wang, I invited you two here this time because I want to buy the land on Yuyuan Road that you own!"

When Wang Xiancheng offered to cooperate, Chen Guangliang refused!

But this is a different time. Chen Guangliang decided to launch "installment sales and tiered sales" this year, which is equivalent to releasing a large amount of market "purchasing power".

Therefore, he decided to build a "gathering place for new-style lanes" on Yuyuan Road. He already had 63 acres of land on Yuyuan Road. If he took over the land from the Wang brothers, he would probably have 100 acres.

Brothers Wang Xiancheng and Wang Juncheng were secretly delighted. It turned out that they had gotten involved in the Yuyuan Road land on a whim. After buying it, they could only keep it and wait for it to appreciate in value.

Now that someone has taken a fancy to it, it’s obvious that their bet was successful!
On the other hand, Wang Xiancheng was also waiting to use the money. His four sons each wanted 100 oceans, and he also wanted to build a mansion, which would require at least million oceans.

Wang Xiancheng pretended to be calm and said, "Boss Chen, are you kidding me? I asked you to cooperate with me, but you refused. Now you want to buy the land from me. You know, the price is not cheap!"

Chen Guangliang said directly, "Let's be frank. The land in the western section is priced at 4500 per mu, and the land in the middle section is priced at 6800 per mu. If you two are willing, we will proceed to the next step. If not, we can just have a cup of tea and make friends!"

This price is already 1.5 times what they paid for it, which is equivalent to their profit for more than seven months.

At the same time, this price is also the market price.

Brothers Wang Xiancheng and Wang Juncheng looked at each other, and undoubtedly both wanted to sell. After all, they bought Yuyuan Road as "windfall", and now they were eager to invest in the luxury house in "Zhangyuan". It was pretty good to make tens of thousands of dollars.

"Boss Chen is a straightforward person. I wonder if the price is a little low? If you can increase it a little, we brothers will make it work out!"

Chen Guangliang immediately said, "I'm basing the price on the market, so you'll have a good profit. Besides, your involvement in the Yuyuan Road land was just due to the invitation of the earthworm, so it's a windfall. I heard you also bought the land in Zhangyuan, presumably to build a house, so there's some profit to be made. Why not agree to this price? On the other hand, if the price is too high, I might as well buy land elsewhere. After all, the Yuyuan Road land was driven up by our joint efforts earlier, and it's not worth its own value."

If calculated based on land prices, the western section of the original road could at most double in value, and even doubling might be a bit difficult; that is to say, in 1930 it would probably not exceed 9000 oceans per acre, after all, it was the concession land farthest from the prosperous area of ​​the concession.

On the contrary, if Chen Guangliang purchased other locations, such as Xiafei Road, the value would probably appreciate by more than double.

So he will definitely not offer a higher price!

The reason why I want to buy it is simply to make this area my own "real estate business card"!
Wang Xiancheng said with deliberate disappointment: "Boss Chen always wants to take the initiative. This time, I'm afraid we have all given it serious consideration!"

Chen Guangliang said: "It's okay, just send me a letter at the end of this month and I'll tell you whether it's successful or not!"

"it is good"

(End of this chapter)