Chapter 549: Brother Xiao Ma also gets excited
In the context of the mainland real estate market about to take off.
What others see as a mess is a treasure in Fan Wumian's eyes.
The Morgan Center, later known as the Pangu Building project, can bring additional profits to the Penguin Group.
It's okay to occupy some idle funds in the short term. When the housing prices in Yanjing go up in two years, the real estate can be used as collateral in the bank at any time. This will be beneficial to the cash flow of the Penguin Group and will be a good thing.
As for the Olympic Village, the growth rate of housing prices should be particularly fast. By leveraging banks to acquire some commercial housing in advance, the return rate during the same period is likely to exceed the increase in Penguin shares and will also be higher than the profit margin of investing in Marvel.
Isn't this the opportunity to make quick money that Fan Wumian has been dreaming of for a long time? Maybe after the Olympics, he will have the opportunity to make several times the profit in two or three years. He clearly remembers that in order to get rid of the impact of the 2008 financial tsunami, the mainland poured trillions of dollars into the real estate market, so that there was a period of time when housing prices went crazy, and there were bosses who ran around sweeping buildings with sacks of cash.
By mortgaging real estate to a bank, the loan amount that can be obtained is often 10% higher than that of securities assets. As long as the housing prices in the Olympic Village go up, even if the property is not cashed out immediately, a reasonable value can be assessed, and then the property can be packaged and mortgaged to a bank, and a loan can be obtained to expand into other places.
This kind of speculative business that makes quick money seems particularly attractive in Fan Wumian's eyes. Distant water cannot quench immediate thirst, but nearby water can really quench your thirst.
If he succeeds in buying up the commercial housing in the Olympic Village at a bargain price, the profit would probably be equal to the net profit of Shanzeiwang Media for two to three years. As the business grows, the "cash cow" he has created in the entertainment industry can no longer feed Fan Wumian.
Wait patiently for Brother Ma to finish reading the information on hand.
Xiao Ma took off his glasses, pinched his brows, and continued:
"It's a bit tricky. I saw in the documents that the developer of Morgan Center, Yanjing Morgan Real Estate Company, is not only involved in a lawsuit, but also owes money to a third-party company. The ownership rights don't seem to be that clear."
Fan Wumian replied with a smile:
"If there were no problems, other real estate developers would compete with us. Only in murky waters can you catch big fish. There is no final conclusion yet on the lawsuit about whether the development rights should be returned to Yanjing Morgan Real Estate. If the Yanjing government is willing to help, we have a chance to lower the price and win the land."
"If they sell it to us, Yanjing Morgan Real Estate Company can recover its costs and make a small profit. But if the land really returns to the government, they will lose everything."
"There is a lot of room for premium. In order to welcome the Olympics, the authorities must hope that we can take over and build it as soon as possible to prevent foreign media from making a fuss. Even if we calculate it based on the floor price of 3000 yuan per square meter, the total purchase price is more than 12 billion yuan, which is still very cost-effective, equivalent to making to million yuan in profit."
I could tell that Fan Wumian was particularly moved and was trying to convince himself.
Brother Ma considered the long-term development of Penguin Group and felt that it was necessary to open a branch in Yanjing. In addition, he could also show off his face and satisfy his desire to be a developer and build a building. After hesitating for a while, he said:
"How about we try to contact them first and find out the price before making a decision? Let the Yanjing authorities help put pressure on them first, and contact Yanjing Morgan Real Estate Company through them. It may be better than going to them ourselves. To be honest, I have already thought about building a penguin-shaped building."
"???"
Fan Wumian found it hard to imagine what a penguin-shaped building would look like, and said speechlessly:
“It won’t work if it looks exactly like a penguin, but if the lines are tough and cool, it will still be interesting. I can discuss it with the design company and maybe it can become a new landmark building.”
The first thing that comes to mind is a cool building similar to "Violent Bear", but the entire design and construction period is less than two years, so it may be difficult to achieve the desired result.
On second thought, I feel that the title of "infrastructure madman" is not in vain. If three shifts are worked day and night, perhaps it can be completed on schedule.
Fan Wumian continued:
"Even if the interior is all rough, as long as the exterior is done first, the authorities will be satisfied."
"The cost of building a penguin-shaped building will be higher. If the area remains the same, the only option is to increase the height, so that there will be five penguins standing in a line, one large and four small."
"But in this way, when selling the house, it will definitely be sold at a premium. Ordinary commercial houses are all the same. Rich people like mansions that are unique and attractive, and they are afraid that others don't know how valuable their houses are."
Brother Xiao Ma said again:
"The price of Tangcheng Yipin in Shanghai is too high to sell. If the commercial housing is left in our hands, the cost will be too high."
Smiling happily, Fan Wumian stretched out a finger and shook it, explaining:
"Rather than betting on rising housing prices, it is more like betting on the future destiny of the country. With the current economic development momentum, and the wealthy people in other cities rushing to first-tier cities, housing prices in major mainland cities may not necessarily be cheaper than those in Hong Kong cities in the future." Considering the current situation, buying a house does not count as spending money, it is just allocating money into another form of asset.
Fan Wumian quickly reached an agreement with Xiao Ma Ge and decided to try to contact the Yanjing officials in the name of Penguin Group and strive for some tax and fee reduction benefits.
For example, the provision that "newly established high-tech enterprises in high-tech industrial development zones are exempt from corporate income tax within two years from the year of profit, and the tax rate is reduced to 15% after the tax exemption period expires" is still very advantageous in Xiao Ma Ge's eyes.
The Penguin Group itself does not meet the requirements of a "newly established" company, but it was able to transfer some of its subsidiaries there. Compared with relying solely on Shenzhen, Yanjing's support is clearly stronger.
If the act of taking over unfinished buildings is regarded as indirect "sponsorship" of the Olympics, the company can also enjoy a full deduction of taxes from its taxable income.
There are still a lot of confusing things these days, so there may be a chance to discuss them.
After digesting this matter, Xiao Ma Ge quickly began to discuss with Fan Wumian with great interest how to develop this piece of land which was narrow in area but had a total length of 700 meters.
After a rough calculation, I found that if they were all designed as penguins of different sizes, it would actually save space, and I could design an extra building to be used as an office building, hotel, shopping mall or residence.
After getting completely obsessed, Xiao Ma Ge even called the head of the art team and asked them on the spot to create a penguin-shaped building with an abstract geometric feel according to the requirements put forward by Fan Wumian. The only requirement was that it should resemble a penguin to avoid construction difficulties that would result in excessively high costs and failure to complete the building on time.
See this.
Fan Wumian immediately understood that the situation was basically stable.
Unlike the future when the property market will peak and people will start to think that renting is worse than buying, today most bosses, if they have the ability, generally prefer to buy their own properties.
The only difference is that wealthy large companies buy an entire building, while small and medium-sized enterprises buy by floor. While saving on rent and waiting for appreciation, they can also use loans to offset their tax payable.
Before lunch, the art team had already drawn up more than a dozen plans. Fan Wumian and Xiao Ma Ge agreed that a fat shape among them was the most pleasing to the eye and would be easiest to construct.
By the time I had a light lunch at noon and returned to the office, the art department had already used plasticine to make models of six buildings, two large and four small. A male and a female penguin stood in front and behind, protecting four little penguin chicks in the middle.
So satisfied that Xiao Ma Ge applauded and praised:
"So beautiful! Who made these plasticines? Did you study sculpture?"
A chubby young man got a signal from his supervisor and then said modestly:
"My parents both made porcelain in Jingde Village, and I was exposed to it since I was a child. Later, I went to the Central Academy of Fine Arts and studied sculpture. But my favorite thing is computer animation. I was responsible for designing the characters such as "Dashi", "Huangdie" and "Huo Ling'er" in the game "Huang Tiandi".
Fan Wumian looked at the game drawings and said with a smile:
"Huo Ling'er can be sexier. If you are out of ideas, you can refer to Feng Ying'er's figure. You can even ask her to play the role. A prettier game character card will help attract players, which is better than advertising."
Xiao Ma gave a thumbs up, and envied Fan Wumian for being young and single, surrounded by beautiful women. He stood up and said:
"If there's nothing else, how about we go to Yanjing today? It's a good opportunity to go to Dongjingduo, the Jingdong Mall. We can also invite the people in charge of Paipai.com and Xianyu.com to discuss how to integrate resources."
Fan Wumian has been idle recently, and said cheerfully:
"Okay, I just want to go to the Olympic Village for a field trip."
(End of this chapter)