More free gifts!
It was still a piece of commercial land. Although it didn't look very big, it was worth at least tens of millions. In addition, large plots of land are inherently valuable, so Heilong Group's auction price wasn't much higher.
All things considered!
The premium is only one hundred million!
But soon something even more shocking happened.
Then I saw it.
The auctioneer announced loudly:
"In addition, Heilong Group auctioned the most land in this auction, with a total of 57 plots auctioned, with a total value of 10.8 billion yuan!"
"As the biggest winner of this auction, the higher-ups have decided to grant Heilong Group appropriate tax exemptions and establish a joint working group comprised of multiple departments to coordinate Heilong Group's upcoming construction projects, ensuring the smooth progress of Heilong Group's construction! Furthermore, Heilong Group is awarded the honorary title: [Contributor to Urban Construction]"
"Let's congratulate Heilong Group once again!!!"
These words were spoken.
Whoosh...
The bigwigs were in an uproar once again!
Are you kidding me? Giving out so many benefits?
Appropriate tax exemption!
A liaison working group has been established!
Awarded an honorary title!
...
Real estate taxes are very high. Even if they are not completely exempted, but only appropriately exempted, they can save at least several hundred million yuan. In addition, with the liaison working group and the words of the leaders above, Heilong Group can at least build real estate in Songjiang without any obstacles. This will save a lot of trouble, and these troubles are sometimes incalculable in monetary terms.
With the addition of honorary titles, Heilong Group's status in Songjiang and even in the northern province will be further elevated.
Could all of this have been orchestrated?
No! Impossible!!!
One bigwig couldn't help but say, "I just did a rough calculation. Heilong Group spent 10.8 billion on the land auction, of which at least 3 billion was the premium. Even with these policy support measures, I will lose 2 billion overall. Such a large sum is definitely not a small amount for Heilong Group."
A bigwig chimed in, "Just because of a petty squabble? That doesn't seem likely! The Black Dragon Group isn't that bad enough to waste billions so easily! If Qin Jiang really wants to make a large-scale foray into real estate, even if he does, isn't he being a bit too overconfident..."
One industry insider asked doubtfully, "10.8 billion? Can Heilong Group really come up with that much cash? Does it have that kind of scale? Could it be that it has already pledged the money to a bank for a loan?"
One industry insider countered: "Even if he could actually borrow that much from the bank? Even if he could! If he mortgaged the entire Heilong Group, where would he get the money for the subsequent construction? Being a middleman and subcontracting to construction companies is too risky, and he wouldn't have control over many things. He could easily lose everything..."
"unless...."
"He wants to borrow more land and build again!!!"
Upon hearing this, all the bigwigs nodded in agreement.
Given the current size of Heilong Group, it goes without saying that they can mobilize such a large amount of funds. They must have mortgaged most of their assets, so they simply don't have the money to build houses. It would be unwise to give such a large area of land to other secondary construction companies. They might not make much money but end up with a lot of trouble, and they might even be punished by the local authorities for creating chaos. In any case, it would be a losing proposition. Any smart person would not do that. As for subcontracting, that's even more impossible. Heilong Group paid a premium for all the land in this auction, with premiums ranging from tens of millions to hundreds of millions of yuan. Subcontracting would result in huge losses.
So....
In fact, there is only one path left for the Heilong Group!
Loan already issued!
Basic real estate groups operate normally by auctioning off land and then using the land as collateral for loans to build buildings. This saves a lot of money, allowing them to leverage 100 million yuan to raise 200 million or even 300 million yuan.
even:
Some unscrupulous real estate groups don't even have any funds. They rely solely on land auctioned off to provide to local governments, then sub-guarantee the real estate projects to third parties, leveraging one project to control four or five or even more others. They make money without any investment, and everyone is happy when they're making money. But once problems arise, the consequences are enormous. This kind of shady operation will inevitably cause many problems for real estate projects: construction problems, quality problems, staff wage problems... and a whole host of other issues!
Moreover, it's difficult to find the responsible party to resolve the issue. Therefore, local authorities have banned this practice: all real estate groups participating in auctions must undergo capital verification, and the source of funds cannot be the land itself. Currently, most real estate projects use the first method: the land auction fee is paid normally, and then the land is used as collateral for loans! This way, the leverage isn't excessive, and even if problems arise, they won't be outrageous. Heilong Group clearly intends to do just that!
But the Heilong Group really has great ambition!
Win the bet!
It would certainly make a fortune, and could even elevate the entire Heilong Group to a new level!
Lost the bet!
That would be a complete disaster! The entire Black Dragon Group might be destroyed because of it!
Heilong Group...
Qinjiang...
That's some serious courage!
This young man...
Holy crap!!! This young man...
This is outrageous!
He managed to auction off more than a quarter of the land.
.....
Snap!
The auctioneer brought down the gavel again and said:
"Great! Congratulations to all the real estate developers who won the land auction. I wish you all continued success in your future endeavors."
"I also wish all the real estate developers who did not win the land auction will be able to win the land they want in the future."
"Congratulations everyone! We have prepared a banquet for you all on the eighth floor. We wish you all continued prosperity!"
Auctioneer, please leave!
Local leaders went up to exchange a few pleasantries, emphasizing that real estate developers are currently very important to local development.
Half an hour later.
The auction has completely ended.
Splash...
The VIPs all stood up.
Some bigwigs left directly, while others went to the banquet. This was an excellent high-end networking event, and opportunities to gather so many real estate tycoons at the same time were rare. Qin Jiang also left with the Black Dragon team, as he did not intend to have much interaction with these real estate developers.
Well, how should I put it!
His involvement in real estate is purely dabbling; he'll only do it for a short time and won't get involved again! There's no need to deal with these real estate companies that are destined to decline. Besides, in Qin Jiang's view, few of these real estate developers have a conscience; many are just shoddy and incompetent.
Many of them even went bankrupt and ran away!
To the point of being universally condemned!
He has no intention of associating with these people!
A big shot approached Qin Jiang, trying to get information out of him, specifically about the details of his auctioning off so much land.
Qin Jiang completely ignored it, even though many leaders personally went to deliver the gifts! After all, they were the biggest supporters of the auction.
Once again, he was surrounded by a large entourage!
It can be said that:
The scenery is absolutely magnificent!!!
.....
On the other side.
Ma Jun and his men left quietly and without fanfare!
.....
Many real estate developers looked at Ma Jun with strange eyes. No matter what Qin Jiang was thinking today, daring to auction off so much land, Ma Jun had lost face big time.
Again and again!
Qin Jiang completely crushed them!
...
Today's ending:
Heilong Qinjiang VS Huanyu Majun!
Victory!!!