Chapter 049 Special Zone Real Estate Development (Part 2)
In the five years since its establishment, the Deep Sea Special Zone has actually been under tremendous pressure. Among them, the Special Zone Housing Management Bureau and the Special Zone Real Estate Company are the targets of the outside world.
Because of their selling of houses and land, a well-known domestic newspaper even published an article on the front page of "The Origin of the Old China Concession" to carry out allusion attacks on the Special Administrative Region in 1982.
When the Special Administrative Region Real Estate Company collaborated with Liu Tian to develop Donghu Liyuan, he even searched through the "Selected Works of Lenin" in advance. After finding a few far-fetched explanations, he dared to sign the contract.
If a serious mass incident occurs in Hong Kong due to the house problem, not only will the Deep Sea SAR suffer a heavy blow, but it may even cause more serious shocks.
Fortunately, since Hong Kong sold houses in 1953, it has been more than 20 years since the arrival of selling houses in Hong Kong, and home buyers have already drew out all the possible burials.
By the way, the person who invented the sale of houses was Mr. Huo, who was praised by Hong Kong people as a "red capitalist".
"In Hong Kong, if a real estate company wants to start building sales, it needs to first obtain the "Presale Building Consent Form" from the Department of Engineering. The Department of Engineering mainly depends on two conditions when approving the Department of Engineering: First, whether the land price is fully paid; second, the developer must prove that he is capable of paying all construction fees.
The usual practice of Hong Kong real estate developers is to use land to mortgage it to the bank. However, mortgage loans have discount rates, and the price difference is the project start-up capital that real estate developers need to raise.
As for project construction fees, the easiest way is naturally to open a trust account in the bank and deposit enough money into it.
But the purpose of the original invented building flowers was to use the money of the buyer to pay for later construction costs, thereby reducing the capital investment of real estate developers.
So this created another paradox. The solution for Hong Kong developers is to seek help from financial institutions.
For example, if you directly apply for a construction break loan from the bank, or entrust the bank to issue a letter of commitment, you can also contact the financial company to sign an unsecured loan contract.
In short, the Department of Works must ensure that even if the developer goes bankrupt midway, there are new responsible parties to continue to take over the project and complete the remaining real estate construction tasks.
After the developer is allowed to sell the property, the funds obtained from the pre-sale will not be controlled by them at will, but will be transferred to their partner law firm to open a special trust account, and the law firm will allocate the fees in batches based on the actual construction progress of the project."
Zhou Yang didn't care about it, and directly recounted the information he collected to Li Mingde, which made the other party nodded repeatedly.
"It's not that there has been a huge amount of housing purchases in Hong Kong that disappeared, but in the end, banks will basically intervene in the custody. It is rare for home buyers to not get a house.
Moreover, the government will further revise the new pre-sale property consent system based on the loopholes exposed in the latest cases, so the rights and interests of home buyers are relatively guaranteed." Zhou Yang continued.
"We did not think so much before. If Mr. Zhou had not pointed it out today, it would have been possible that he would have made a big mistake in the future." Li Mingde still has basic political sensitivity and he is very clear about which mistakes should not be made.
"Dare to take responsibility, be brave to take responsibility, and take the initiative is a very excellent quality. But we also need to avoid being stupid and bold because of inadequate consideration.
Since Hong Kong real estate tycoons are unwilling to come, why can't you take the initiative to go there? Manager Ma and his Guangdong-Hong Kong trading company gave me an inspiration. Your real estate development company in the SAR can also go directly to Hong Kong to establish a branch like them." Zhou Yang made another new suggestion.
"We want to go, but the conditions do not allow it! Manager Ma and his Guangdong-Hong Kong company have allocated at least HK$2 million in the province.
When our Housing Management Bureau was established last year, the city approved only 500,000 yuan, but we asked us to build a dormitory building of 20,000 square meters. Because we wanted to jointly develop commercial housing with Liu Tianjiu's boss, the Housing Management Bureau specially established a special zone real estate development company.
However, the city initially agreed to allocate 40,000 yuan in start-up funds, but in the end it was left unresolved due to financial difficulties. Later, Boss Liu borrowed us 40,000 Hong Kong dollars.
You have never been to our current office space. There is only one bungalow with several old desks in it. One is a finance department, one is a cashier, one is a secretary, two technicians. I am the actual person in charge of the deputy manager and the general manager. But Lao He, who is busy with other things all day long, has only 7 people in the entire company.
So when several Hong Kong bosses came over, they saw that we were just such a straw troupe, and they refused to sit down and talked, so they turned around and left." Li Mingde said helplessly.
After hearing the other party's words, a smile appeared quietly on his face. He had been waiting for the other party to complain here!
"Manager Li, I think you should be very curious. I asked you to discuss investment before, but after meeting you, I asked you all kinds of faults.
In fact, I am not malicious, but I just like to say ugly things in the front, so that everyone can cooperate in the future and there will be less unnecessary conflicts.
I am indeed here to talk about investment today, but I am not investing in a piece of land in the Special Administrative Region, but I want to directly invest in your deep sea special administrative region real estate development company.
It is not a problem that you don’t have cash in your hands. In fact, the name of your company is the most valuable intangible asset. I will bear all the funds. I will pay HK$1.25 million in cash and jointly open a real estate company in Hong Kong with you, only requiring a 25% stake.
Of course, the company's main business in the future will definitely be to develop real estate projects in the SAR. The Hong Kong merchants you have looked for before are too weak and you can't even handle the land price, which means that you are bearing all the risks.
My idea is different. I came to meet you today and I must want to make money. But the money I earn must comply with the rules. The example in Hong Kong is already there, and the land transfer fee must be paid before the project is approved.
This should be a red line that the SAR government must adhere to in the future. After all, you are short of money now, aren’t you?
As for the issue of no one coming to the SAR to invest in real estate after the conditions are raised, you don’t have to worry at all. Since I want to get shares from the company, I must also contribute.
I wonder if you have ever heard of the Xu family in Hong Kong. Senior Xu Aizhou was the earliest ship king in Hong Kong. Since the 1960s, his family has transferred the family's main foundation from shipping to real estate.
Although the Xu family's real estate company is not considered a first-tier Chinese consortium in Hong Kong, its assets are at least over HK$1 billion, which is definitely many times stronger than Liu Tianju and others.
There is also the Pang family, which runs the only steel mill in Hong Kong. I can say a few words in front of both families, and it is not difficult to invite them to come and support them.
In fact, attracting customers is like selling a house. First, it will be easier to create a beautiful model room and then go to other people to discuss cooperation!" Zhou Yang finally found out and revealed his true purpose.
Before he traveled through time, there was a very popular word on the domestic Internet - "copy homework".
In fact, if this word is used in the pre-sale of commercial housing in China, it is very appropriate. The Deep Sea Special Zone copied only half of the homework for Hong Kong real estate, and the more important half was not copied.
The domestic real estate industry in the 1990s can be said to have developed completely according to the template of the Deep Sea Special Zone in the 1980s. However, the Deep Sea Special Zone planted trees at the beginning, and eventually led to frequent problems in the entire industry.
It was not until after 2010 that local governments successively issued funding supervision policies for pre-sale commercial housing. However, until Zhou Yang's rebirth, this policy was not covered nationwide, resulting in frequent incidents of unfinished buildings.
For example, the parents of an idol were criticized by netizens because they were deadbeats.
Chapter completed!