Reborn in America, I'm serious about making money.
Chapter 139 Villa Land
Some people suddenly became incredibly famous this year, while others have to promote their properties.
As an international metropolis, Shanghai naturally needs high-end luxury residences. Through connections, Meiju (Shanghai) branch obtained information that Pudong would launch four villa plots, which later became Kerry Garden, Royal Mountain, Huashan Summer Palace, and Seasons Garden.
These four villa districts were all sold at high prices back then. The owner behind Four Seasons Garden was Li Ka-shing. Back then, the cost of this villa district was nearly 5 billion RMB. After it was completed in 2000, the average price was 12,000 RMB, which would have made a profit of 560 million RMB. However, Mr. Li changed the sale to rental at that time, and it was not until 2009 that he started to change the rental back to sale.
It is said that the final profit of this real estate project reached 37 billion, which is 18 times the initial investment, while Hutchison Whampoa, which owns half of the equity, made a profit of 18 billion.
This doesn't even include the income from property ownership and rent; Zhang San also knew about this, and it even made the news back then.
As the richest person in the Chinese world, his every move naturally attracts a lot of attention. This one deal alone is enough to amaze people with his long-term vision and strength.
Looking back, it becomes clear that no one would dare to use renting as a substitute for holding onto properties if they were not optimistic about the long-term development of mainland China and the future trend of the real estate market.
Moreover, even if someone has the financial strength, no one else has the financial strength to come up with 4.9 billion yuan. If they put it out for more than ten years, the interest alone will be a huge expense. Basically, the interest alone will reach 4 billion yuan.
In Zhang San's eyes, his idol's awesomeness was something he naturally wanted to learn from. He also guessed that the owners behind Kerry Garden, Royal Mountain, and Huashan Summer Palace had also learned from Boss Li. They all had a good relationship with Boss Li, and the Guo family of Kerry Garden was a good friend of the Li family.
The Guo family is no ordinary family; although they are overseas Chinese, they are people who have made great contributions.
Meiju is also eyeing the Four Seasons Garden land plot and has communicated with Shanghai multiple times. Their offer is 2.9 billion yuan.
Where did this money come from? It was a loan from Stephen Business Company.
Why is Stephen Business Corporation so rich? How can they come up with 2.9 billion yuan?
What is the deposit interest rate of mainland banks at this time? 9.4%, which is very high. The loan interest rate is more than ten percent. Why is it so high? Because inflation in mainland China is very high now. Prices of goods are rising, and there is a shortage of supply.
Under such circumstances, Stephen Commercial's funds are excessive, not only because of anything else, but also because of its nearly a thousand supermarkets in mainland China.
They also acquired many local businesses, converting them from public to private ownership.
Compared to other companies, Stephen's timing for entering the mainland was excellent, coinciding with the period when inflation was at its worst.
Moreover, inflation leads to high demand, and high demand means no worries about sales; Zhang San heard that He Meitian, the spokesperson for the supermarket, although she has no works, is very popular among the general public in mainland China.
With its financial resources and strong financial backing, Meiju ultimately acquired the land after negotiations. However, there were conditions: construction had to begin immediately, without any delays, and the land had to be completed as quickly as possible, otherwise it would not comply with the planning regulations.
Meiju naturally agreed, and they also wanted to start work as soon as possible. Then... soon, Zhang San's second instruction arrived.
"That plot of land should be used to build villas properly, and after simple renovations, it should be converted from sale to rental."
Zhang San only gave this one instruction, and the other party immediately agreed, since they weren't the ones paying for it.
The head and financial staff of Meiju have calculated that the current purchasing power in Shanghai is completely insufficient to cover the cost of villas, and may even result in losses.
This plot of land was to be developed into 700 villas, both detached and terraced; the average price per square meter for a villa was 1.2 yuan. At that time, how much was the salary of an average person? Only a few hundred to a thousand yuan; it was definitely not intended for ordinary people to live in. This plot of land was probably intended for people from overseas to buy and live in Shanghai.
After the land was purchased, it will be divided into five phases according to Zhang San's requirements. Each phase will be rented out immediately after completion, with the monthly rent for each building ranging from 3 to 7 yuan. Those who can afford to live here are all senior executives of overseas companies. Otherwise, even if there are people on the mainland who can afford to live here, they would not spend tens of thousands of yuan a month to live here.
The first phase starts at 30,000 yuan per month, with a maximum of 70,000 yuan, which is about 3,000 to 8,000 US dollars per month in rent, which is still very cost-effective.
The reason why Midi was able to acquire this land is related to its actual controller. Midi's controlling shareholder is Midi Hong Kong, which holds 78.7% of the shares. The actual controller of Midi Hong Kong is the former New Era Financial, which later became part of Golden Globe Financial Group.
Golden Globe Financial is in talks with China Construction Bank (CCB) for a collaboration with Morgan Stanley, in addition to Golden Globe itself; the collaboration is initiated by CCB and involves Golden Globe and Morgan Stanley.
The preliminary agreement reached so far is that Golden Globe will hold a 20% stake through Wing On Securities in Hong Kong, Morgan Stanley will also hold a 20% stake, and China Construction Bank will hold a 60% stake.
According to the plan, the Mainland International Finance Corporation will be established in Hong Kong on July 31 this year to make overseas investments.
This was a positive signal from Golden Globe Company in its attempt to enter the mainland market; Jill, the person in charge sent there at the time, said, "We are willing to provide financing assistance to mainland banks."
In the original timeline, MS entered the mainland market with an arrogant attitude and then ran into a wall; while NT-MS entered the mainland market in a very gentle and low-key manner, fully authorizing Zhang San to establish a personal company here.
Furthermore, by offering a large number of inexpensive operating systems at a price of 58 yuan, or even a large customer price of 38 yuan, it can be said to be a very successful example of cooperation.
Unlike Morgan Stanley, which was initially arrogant, Golden Globe Financial was more readily accepted in mainland China due to its good cooperation with NT-MS.
Golden Globe Financial's subsidiary, formerly Haito Bank, will establish an office in mainland China to handle all matters for non-mainland clients in mainland China.
The mainland market, with its dozen or so people, has long been coveted by European and American financial institutions. Morgan Stanley's visit to explore the market is not a mere dabbling; it's an attempt to deeply develop the market, invest in local companies, and ultimately reap the greatest profits.
The same applies to the Golden Globe; they also want to gain more profits and influence. According to some financial news reports, overseas investment banks have earned more than 100 billion yuan in mainland China, which is nearly 20 billion US dollars.
Since he can make other investment banks $20 billion, there's no reason not to let him make it. He's prepared a lot of money.
You'll Also Like
-
Shirou's clones number 30 million
Chapter 590 1 hours ago -
Becoming a wet nurse is not the end of the story.
Chapter 211 1 hours ago -
The Strange Cat from Fuuto
Chapter 910 1 hours ago -
Dragon Ball, simultaneously traversing countless worlds
Chapter 289 1 hours ago -
So I'm a sheep.
Chapter 677 1 hours ago -
Lu Bu, the Thunder General, is my adoptive father in Genshin Impact.
Chapter 173 1 hours ago -
Devouring World Dragon.
Chapter 353 1 hours ago -
The Martial Soul Skeleton, in Douluo Continent's Bone-Changing Susanoo
Chapter 144 1 hours ago -
Reborn in America, I'm serious about making money.
Chapter 381 1 hours ago -
Douluo Continent: Martial Soul Thunder Dragon, A Century of Glory
Chapter 240 1 hours ago