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Chapter 159 Land Auction(1/2)

In fact, anyone can.

As long as it is the object bound by the licking dog, who should I give it to?

Don’t force it!

Whoever wants it, Chen Yuan can invest an additional 10 billion in the future!

It doesn’t matter if you don’t know how to do business, and it doesn’t matter if you lose money.

If 10 billion is not enough, add another 100 billion.

Rather than aiming for profit, Chen Yuan hopes they can lose money.

Only by losing money can you spend more money, right?

The auction is still going on.

These bankrupt companies are involved in a wide variety of industries.

Chen Yuan did not participate in the subsequent bidding.

It's enough to have Big Cat TV. The main thing is that this company didn't even give it away, so it just bought the next company.

Chen Yuan didn’t even know who to give it to?

Meals have to be eaten one bite at a time, and food has to be delivered one by one, right?

Let’s deal with Big Cat TV first!

"Everyone, today's charity auction has been going on for more than two hours. What is being auctioned below is the last item of this auction. I believe that many of you here are here for it.

That's right, the last item in today's auction is a piece of land.

This piece of land is located on Guanggu 9th Road, Seoul, with a total area of ​​about 260 acres, and a starting price of one billion. Bidding starts now!"

The auctioneer's voice fell.

The video app on the booth began to introduce in detail the location of the land, the surrounding foundation prices, and the subway development route planned by the municipal government!

It is expected that the No. 9 subway line will be opened within two or three years.

The Line 9 subway will pass through this land.

It will be connected to the No. 2 subway line by then.

The land on Guanggu 9th Road is not far from the Guanggu Commercial Center in Seoul.

If the subway is opened, you can directly reach the commercial center through the subway line.

Although this piece of land is not big.

But the value is definitely more than one billion!

It will definitely appreciate in value in the future.

If developed into a high-end residential area.

Absolutely a sure profit!

One billion is just the starting price. Chen Yuan estimates that if he really wants to win this piece of land, he will need at least two billion.

The Zhang family, the Han family, and many real estate developers in Seoul are already gearing up.

"1.5 billion!"

The first time the boss of the Han family made a bid, he directly added 500 million.

Chen Yuan was a little surprised.

Wasn't this guy so generous before?

The Xiao family married their daughter, married into the Han family, and sold 20% of Yuanhang Group's shares, but he was only willing to offer 100 million.

Now in order to win a piece of land, we are clamoring for 1.5 billion.

Can the Han family really come up with so much money at once?

Or after taking out this fund, won’t the Han family’s capital chain be broken?

Of course, what Chen Yuan didn't know was.

There are actually many aspects to real estate business operations.

As long as you can acquire this piece of land and hold the land sales contract, you can find a bank for a mortgage loan.

At the same time, during real estate development.

Commercial properties will be pre-sold in advance.

In other words, the house has already started to be sold before the project is even built!

The pre-sale price is generally lower than the normal house price, and there will be many preferential activities to quickly withdraw funds.

They will use the returned funds to build real estate!

Some real estate developers will contract out the project.

Large real estate developers have their own construction teams, and they also operate the building materials market and interior decoration projects, providing one-stop services.

In the 1990s, some real estate developers were able to take advantage of business loopholes to achieve nothing.

They first pretended to be wealthy people and sought bank loans, then used the bank loan money to buy land, and then used the land sales contract to borrow more money from another bank.

Then they tricked the construction team and building materials dealers into building the foundation of the building first.

After that, a wave of real estate pre-sales can be carried out!

Wait until the house is pre-sold and then repay the loan.

Back and forth.

You don’t have to pay a dime, but you can make hundreds of millions with your blood!

As long as you know how to fool, anything is possible!

However, with the development of the times, the government has become more and more strict in controlling land sales.

It is no longer realistic to operate with empty gloves.

However, there is still a lot of room for manipulation regarding how funds are withdrawn.

Some business wizards.

He has almost mastered capital operations.

He can spend one hundred million as one billion.

Then I made one billion and used the same capital operation method to quickly accumulate assets.

In just a dozen years, you can create a net worth of tens of billions or even hundreds of billions!

Of course, there have been people who succeeded in using the empty-handed trick. They jumped from being a liar to a truly successful person.

There are also people who fail and become fraudsters, enjoying jail time!

Chen Yuan doesn't have that many tricks up his sleeve.

I don’t really understand how capital operates either.

In short, there are many people competing for this land.

Before I knew it, I had already bid for three billion.

Chen Yuan wanted to take action.

But he was not eligible to bid.

For the land auction process, companies participating in the auction need to apply in advance.

And there are regulations.

1. Bidders need to obtain relevant auction documents;

2. To participate in the auction bidding, bidders should apply to the Municipal Real Estate Trading Center and pay a certain amount of deposit to have their qualifications recognized;

3. Qualified bidders should go to the Municipal Real Estate Trading Center to collect bidding signs, etc. before the auction!

Chen Yuan did not prepare in advance.

No relevant documents were received.

So the last land auction basically had nothing to do with him!

Those who are eligible to bid are all certified real estate developers in Seoul!

In the end, this piece of land was successfully purchased by Longjiang Real Estate for 3.2 billion Chinese dollars.

The auctioneer made the final decision.

Many people were talking about it.

"This piece of land was actually sold for 3.2 billion, which I feel is a bit high!"

"Indeed, if this piece of land is acquired at such a high price, even if the subsequent real estate is developed, the profit will not exceed one billion, and spending such a large sum of money will also seriously damage the vitality of Longjiang Real Estate.
To be continued...
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