A century-old wealthy family that rose from Shanghai

Chapter 59: Land Speculation
In early October, Changjiang Motors successfully completed its September dividend distribution, much to the delight of all major shareholders.

At the same time, we successfully resolved the conflicts with other car dealerships, not only recovered the two lost vehicles, but also received compensation of 600 yuan.

Originally, he should have compensated two rickshaws, but Chen Guangliang chose to cash it out and accepted 600 oceans in compensation, all of which went into Chen Guangliang's personal pocket. Of course, he also had to treat the people from the Traffic Department and the Police Station for tea as a small kickback.

On the other hand, Gu Zhuxuan also readily gave Chen Guangliang a commission of 10000 oceans (withdrawn in advance).

This caused Chen Guangliang's cash flow to surge to 11500 oceans.

Of course, Chen Guangliang was also taking risks by taking Gu Zhuxuan's "1 yuan." If the Zhabei land didn't increase by 200% over the next three years, Gu Zhuxuan might cause trouble for him.

But Chen Guangliang couldn't think of anything else. After all, he was worried that if he didn't pay the commission in advance, Gu Zhuxuan might deny it three years later. By then, wouldn't Gu Zhuxuan have earned hundreds of thousands of dollars in vain?

What's more, Chen Guangliang three years later may not be afraid of Gu Zhuxuan.

Chen Guangliang plans to use the funds in his hands to continue purchasing land between Jing'an Temple Road and Yuyuan Road, and plans to specialize in speculating on land here in the future, mainly because the geographical location is so good.

"Boss Chen, I'm fine!"

"Hello"

Find the broker Wang Zuoyi again to discuss things.

Both parties were very happy with the last cooperation. Wang Zuoyi was very familiar with the process of converting ordinary farmland into land with a "Daoqi".

The final cost was lower than directly owning the land with a Daoqi, which made Chen Guangliang very satisfied with the broker.

"Mr. Wang, I plan to continue acquiring land in areas like Jing'an Temple Road and Yuyuan Road, and I'd like to invite you to consult me."

Wang Zuoyi immediately said happily, "Glad to help. Boss Chen, have you considered the land on Yuyuan Road, a little way off Jing'an Temple Road?"

The two roads were essentially parallel, and the land in the middle was Chen Guangliang's primary target, though he could also consider the land on either side. However, Yuyuan Road extended further west, where it was essentially farmland.

Chen Guangliang said: "If it is not close to Jing'an Temple Road (Nanjing West Road), the location of the land is not good and not suitable for investment."

Wang Zuoyi immediately said, "Mr. Chen is an expert and knows the importance of Jing'an Temple Road."

Chen Guangliang added: "If you go too far east (towards Nanjing East Road), the price will be too high, so I hope to find a suitable target in this area. Of course, Yuyuan Road can also be an alternative."

He gestured on the simple map, which was roughly the section from Hang Lung Plaza to Yan'an West Road in later generations.

The land area is still very large. After all, you can consider the area near the road, and Yuyuan Road can also be considered.

Wang Zuoyi then asked, "How many acres does Boss Chen want?"

Chen Guangliang waved his hand and said, "This time I want at least 15 mu."

Wang Zuoyi was startled, but then said happily, "I will do my best to help Boss Chen achieve his wish!"

Chen Guangliang smiled and said, "It's best if you complete it this year, and don't alert the people around you."

"no problem!"

15 acres, estimated to be only 22000 oceans.

Although Chen Guangliang only had less than 12000 yuan, he could take out a bank loan to cover half of the cost.

At the end of 1908, the entire Shanghai-Nanjing Railway was opened to traffic, and Shanghai Station was located in Zhabei District (later known as Shanghai East Station). Later, the railway was extended eastward to Baoshan Road and Tianmu Road, becoming Shanghai North Station.

In the future, although Shanghai may have South Station and West Station, Zhabei will always be the location of North Station, the largest railway station in Shanghai.

Under these circumstances, Zhabei became a land transportation hub connecting Shanghai and other places, facilitating its subsequent development. Due to its low land prices and convenient transportation, Zhabei attracted many industrial and commercial enterprises to settle in.

By the mid-to-late 20s, Zhabei had rapidly developed into an important industrial area in Shanghai, with 20 large factories, accounting for 216% of the total number in the city. Zhabei at this time was known as the "base camp of the birthplace of Chinese factories."

Powell, a famous American journalist, praised: The Chinese's own industrial construction, both in quantity and importance, exceeds that of foreigners in Shanghai. They are mainly concentrated in the Zhabei area near Hongkou.

Meanwhile, Zhabei's business sector also expanded rapidly. Over 40 shops of various types opened on Datong Road, earning it the nickname "Zhabei's Southern Whale Road." Zhabei's population also surged from less than 1903 in 3 to 1920 by the early 30s, becoming one of the most densely populated areas in the Chinese Concession.

The development of industry and commerce, and the increase in population also led to the expansion of Zhabei's scope and the continuous rise of its urban status. In 1923, Zhang Jian proposed the establishment of a county in Zhabei, which shows the development of Zhabei.

Although this proposal ultimately failed to materialize, it effectively made it difficult for Baoshan and Shanghai County to continue to jointly govern Zhabei. In 1927, the Shanghai Municipality was established, and Zhabei was designated a district, administratively separated from both Baoshan and Shanghai County. This effectively confirmed the importance of Zhabei's urban area within Shanghai.

In a conference room, Chen Guangliang gave a business briefing to Gu Zhuxuan and the staff of Gu Real Estate.

Gu Zhuxuan led the applause, then said with a smile, "See, reading more books and newspapers is really useful. Guangliang's detailed explanation has given us a deeper understanding of Zhabei."

Everyone nodded, no longer looking down on others.

The boss invested 10 yuan to establish the "Gu's Real Estate Enterprise" and invited Chen Guangliang to be the deputy general manager, responsible for directing the purchase of land in Zhabei as an investment.

Of course, considering that Chen Guangliang had his own things to do, Gu Zhuxuan appointed his confidant Zhang Jiepu as general manager to be responsible for the actual operations.

Today is the first day of the meeting, and Gu Zhuxuan also came in person to join in the fun.

Chen Guangliang continued, "Currently, the average price of land in Zhabei is 1200 to 1400 yuan per mu. The closer to the station, the more valuable the land. So, our recent mission is to go out and collect land for sale on the market and acquire 80 to 100 mu of land as quickly as possible."

Gu Zhuxuan added: "It's okay if it's a little more, I have funds to replenish it!"

His wealth was just distributed among various industries, so it wasn't really difficult for him to come up with 10 yuan.

Gu Zhuxuan's net worth should be between 50 and 100 million oceans.

At this time, General Manager Zhang Jiepu said, "Purchasing so much land in a short period of time will inevitably drive up the surrounding land prices. Does Manager Chen understand this?"

Chen Guangliang countered, "Isn't driving up land prices our goal? Besides, the price hikes we make have no impact on the overall development of the market. It's like those people out there saying 'boycott foreign goods, support domestic products,' which won't change our country's industrial backwardness."

Everyone laughed, and it was obvious that Chen Guangliang was just joking at the end.

Zhang Jiepu was suddenly speechless.

After the meeting, Chen Guangliang stood up and said goodbye. He would not report here every day.

However, he would always come every one or two days, and the contact would be reduced until Gu Real Estate bought the land.

In fact, Chen Guangliang had planted a time bomb for Gu Zhuxuan - the land price in Zhabei did not rise until 1937.

This time bomb may become a weapon for the two to fight each other in the future.

afterwards.

Gu Zhuxuan warned Zhang Jiepu: "Chen Guangliang is good at analyzing the overall situation, and you are good at specific operations. I don't want you to have any opinions about him personally!"

Zhang Jiepu was startled and quickly said, "Boss, I'm not criticizing anyone, I was just asking a normal question."

Gu Zhuxuan said, "That's good! I think what Chen Guangliang said makes sense. Let's hurry up and do it."

"Ok"

(End of this chapter)