Chapter 347 I'm So Rich
Chen Shi remembered that a total of 4.5 billion in land payments had been paid. Currently, the company's account has plenty of money, and there is too much money to spend.
In fact, the money that has been invested so far is in the billions, and it is all spent on one's own money, but no land is used for loans.
If it is a general real estate company, it is estimated that after acquiring the land, it will take out a loan for development as soon as possible. After starting construction, it will open the market after getting the pre-sale certificate and collect funds quickly.
There are too many things in it. Anyway, a few billion can leverage tens of billions of projects.
If it were a few years ago, if the relationship was strong, it would not be a new thing to show off with nothing.
Chen Shi is not short of money, and there is no need to go through those tricks.
Before the construction of Chengshi Shenshi Group's high-end shopping mall officially started, the budget was only about 15 billion to 20 billion.
Later, the Chengdu City Government communicated with Chen Shi and suggested that he raise the height of the landmark building. Chen Shi agreed without much hesitation.
Therefore, the two Sky Towers originally planned to be built were once again heightened based on the original design.
A building with a height of 555 meters, a total of 99 floors above ground, a construction area of 350,000 square meters, covering an area of 80 acres, with a planned investment of 11 billion yuan, is called Shenshi Financial Building, integrating hotel, sightseeing and office;
The other auxiliary building is called Shenshi Starlight Building, with a height of 401 meters, a total of 80 floors above ground, a construction area of 220,000 square meters, covering an area of 70 acres, and a planned investment of 7 billion yuan. It is mainly the headquarters of Shenshi Group in Rongcheng.
When completed, these two buildings will become the landmarks of Chengdu. The Financial Building will surpass the Guangdong Dafu Center to become the fourth tallest building in the country and the ninth tallest building in the world, while the Starlight Building will become the top twenty tallest buildings in the country.
After the completion of the two-building project, it will be a comprehensive building integrating shopping malls, offices, residences, hotels, restaurants and tourism.
It will also become a landmark in Chengdu and even the western region.
It will become a large-scale commercial complex in the core business district of Chengdu and play a driving role in promoting the regional tourism industry and international influence.
In addition, the commercial complex city and plaza cover an area of 450 acres, with a construction area of 400,000 square meters, and a planned investment of 3.5 billion yuan.
Including the total investment of 6 billion yuan in 400 acres of housing, the total investment in land is 1,000 acres (plus land fees and taxes), and the planned investment is 27.5 billion yuan, which is far beyond the budget.
Chen Shi's current total personal assets are actually around 25 billion.
Of course, the construction cycle takes two to three years, and 20 to 30 billion is not a one-time investment.
Moreover, which real estate company does not owe debts, and the debt ratio is extremely high, exceeding 50%.
These days, it's the boss who's in debt.
The more you owe, the more attention the bank pays, and the bank is more anxious than the creditor.
Judging from the current debt situation of the Shenshi Group, it is not a big deal to owe several billions if the funds are operating well.
"Boss, we still owe the ZF 2.5 billion yuan in land payment, and we plan to pay it all in one lump sum by the end of November," Zhang Qian said.
"Oh, now that I think about it, I paid 4.5 billion and still owe 2.5 billion." Chen Shi patted his head and smiled.
"Boss, I really don't care anymore when I have too much money. I don't even know how much money I have, hahaha."
"Yes, the group's accounts change every day. I only remember them roughly. I only ask about the general financial situation every week."
What Chen Shi said is true. Although he has a photographic memory, the group's accounts are changing every day and its assets are increasing every day, so he might as well not remember these details.
All he could remember was some big data. The Suzhou Super Garment Factory had invested 3 billion yuan and had set up a special account, and all 3 billion yuan had been paid into the account.
The various rents and goods sold by hundreds of old stores are estimated to be over one billion.
The planned 2 billion yuan for shops in ten cities in the future has already been paid and cannot be delayed.
The animation department planned to spend one billion yuan, but so far it has spent no less than 500 million yuan.
These messy accounts add up to 10 billion yuan.
Excluding the land payment, the current expenditure for the shopping mall complex should be 3 to 4 billion yuan. After all, Chen Shi still has 12 billion yuan.
"It turns out that I still have so much money!" Chen Shi hadn't sorted it out before and realized that he was so rich.
If some unpaid goods, taxes, etc. are included, the available funds can reach 15 billion yuan.
With tens of billions of disposable funds available, it is very scary. The speed of investment cannot keep up with the speed of making money, and it feels like the more you spend, the more you spend.
With money at this level, Chen Shi is not aiming to make money at the moment. It is really a sense of accomplishment to see each project completed and then run successfully.
"We must ensure the quality of the construction. We are not short of money, and there is no need to make money that goes against our conscience. As long as we fire the first shot, the money will naturally keep coming." Chen Shi reminded seriously.
"Okay, I understand. Will the Shenshi Yujing Villa be entertained as planned? The model house can be built the day after tomorrow, and the sales department can be opened to the public at the same time."
"Well, we are not in a hurry to open the market. Unlike other builders, after all, we have no foundation and the unit price is so high. Investors will not believe us. We have not accumulated enough popularity, so don't open the market rashly.
I don’t know anything about real estate operations, so you can handle it yourself. My requirements should be more stable. You don’t have to worry about funds. Even if you build it and sell it, and pay off the debt, the money will be enough."
"Okay, boss. This property is very popular. I plan to accumulate real popularity through pledges. The pledged amount must be no less than one million yuan and at least double the total number of supporting packages before the first phase will be launched."
Zhang Qian has experience in real estate development and sales. Even though tens of thousands of people come to inspect the property every day, there are not many people who can really afford to buy a house.
Generally speaking, if you don't have the strength, you can't bear to look at the model house, so she is not worried about the reception capacity of the company's real estate.
There are no restrictions on viewing the sand table in the sales department. It is not a problem for the sales department to receive tens of thousands of visitors a day.
Of course, if thousands of people flood in at one time, the sales department will not be able to receive visitors.
The two chatted for a while, and Zhang Qian left Chen Shi's office.
Chen Shi sat back at his desk, turned on the computer network, and looked at the real estate information about his company with great interest.
There are also reports in which media reporters interviewed comments from real estate company owners.
A real estate owner commented: "Chen Shi writes articles and is engaged in the service industry. He is definitely the best in the world. I have to admire this.
But entering the real estate industry rashly, if it is managed well, with its own reputation, advertising and publicity will definitely be much better than that of ordinary real estate companies, and it will save a lot of publicity costs.
However, I entered the high-end market directly from the beginning and wanted to build an iconic shopping mall in the city. I felt a little overconfident, and that’s not how I spent my money.
These days, shopping malls are very competitive, such as Yida Plaza and Yixiang City, and it is difficult to shake their unshakable noble status for so many years."
Chen Shi looked at this report and felt that the boss was right.
Yida is undoubtedly the most successful and well-known commercial brand in China, generally including shopping malls, entertainment centers and urban apartments.
Wherever they are built, they often become local landmarks.
Each Yida Plaza has an average property area of 200,000 square meters.
The thousand-acre high-end ecosystem established by Chen Shi in Chengdu has a commercial construction area of 1 million square meters.
With one million square meters, five Yida Plazas can be built, but the density is not high, and the investment scale reaches a terrifying 27.5 billion.
After the Shenshi Group is completed, it will form a competitive relationship with surrounding shopping malls.
The cake is only so big, but there is an extra opponent coming in to grab it. My colleagues will definitely not like it.
Chen Shi casually read the reports. You can find the reports about him by just searching, but you can't finish them all.
Moreover, external comments have little impact on Chen Shi.
After dealing with the mall matters, my thoughts will turn to the new book Mortal.
...
Time: June 16, 2017
Personal assets: 25.2 billion yuan
Assets: 23 billion yuan
Diehard fans: 4 million
Store monthly profit: 1.6 billion/month for physical stores and 400 million/month for online stores and physical books
Other major assets:
1) Stocks: Meibang’s total market value is 14 billion, accounting for 20%;
2) The after-tax profit from authorized Doupo peripheral products is 1.725 billion;
3) Fixed assets: 27.5 billion yuan invested in Chengdu commercial complex and 3 billion yuan invested in Suzhou Super Factory
4) Other investments: animation department 1 billion, real estate purchase 200 million
Physical stores: 25 sports stores, 50 Meibang stores, 25 Shanshan and Accor stores, 5 mobile phone stores, 15 campus commodity stores
Physical book:
1) Novel: 20 volumes of Material/Empire, 40 volumes of Dou Po
2) Other physical books: "Collected Works of Chen Shi", Harry Philosopher's Stone, Harry's Chamber of Secrets domestic and foreign physical books
Chapter completed!