Chapter 487: Off-the-plan property and shared area!

Since January this year, the Xiangjiang Governor-General's Palace has auctioned many plots of land. Basically, land prices have increased a lot compared to last year.

Ma Shimin, Wei Li, Xia Boyin, Wei Peter, Bao Fuda and others all feel the horror of the current land prices in Xiangjiang.

However, their group now has a relatively large amount of land in their hands. Except for some under development, they are not competing with other Chinese capital for new land parcels.

Now, when they suddenly heard their boss talking about this matter, they felt very strange.

"What would you think if housing prices in Xiangjiang plummeted by the end of next year, and housing prices fell directly back to 1976?"

Will Hong Kong house prices plummet next year?

Ma Shimin and others were very surprised.

If that's really the case, then there are a lot of things to do here. For example, sell as many properties as possible to get more funds back.

When Hong Kong real estate plummets, how can we still invest?

"Boss, doesn't that mean you want to sell the property in your hand as soon as possible?"

Ma Shimin asked.

"good."

The rise and fall of real estate in Xiangjiang is cyclical, but others don't know that.

Yang Ming knew it very well.

Today, he is the largest landowner in Xiangjiang.

If it remains unchanged, the land prices will of course continue to soar. After this period, they will still rise in the next period.

Yang Ming knows that in the second half of next year, Xiangjiang real estate will begin to plummet. Not to mention the Chinese real estate tycoons in Xiangjiang will be greatly affected, but also the homeowners in Xiangjiang will be affected.

This involves domestic, international, and future issues in Hong Kong, among other reasons.

However, they don't know now that the real estate developers and ordinary investors are rushing into the Xiangjiang real estate market like greedy sharks smelling fish.

"We can gradually sell more properties in the past two years, wait until the real estate market in Xiangjiang plummets, and then buy them back one by one. In other words, sell them at the peak and buy them back at the bottom."

A lot can be done this year and the first half of next year.

However, in Yang Ming's view, this is not enough.

"Boss, are we going to lower the price and sell it?" Mannix asked.

Yang Ming shook his head.

Ma Shimin and others believe that of course the price cannot be reduced.

They are the largest real estate developers, and cutting prices rashly will cause a lot of problems.

"You can't lower the price. But, I have a very good idea."

A very good idea?

These people don't know what the boss said is a good idea?

If we want to talk about off-the-plan properties.

Many people may not know it, but when it comes to off-plan housing, many people know it.

The so-called off-plan properties and off-plan properties are terms for the real estate market. Real estate futures are an investment tool and refer to unfinished real estate development projects that are pre-sold.

House pre-sale licenses are commonly known as pre-construction properties.

In the Xiangjiang real estate market, in the past, houses were built first and sold later.

At the end of 1953, when Mr. Yu Huo was constructing a new building in Sifang Street (now Zhongfang Street), Yau Ma Tei, Hong Kong, he pioneered the method of paying a deposit and paying in installments before starting construction. It was like blossoming (paying money) and bearing fruit (completion). He said As "selling off-the-plan property".

In China, the off-plan housing stage begins when the developer obtains a commercial housing pre-sale license.

When the construction is completed and the developer completes the initial registration of house ownership with the local housing management department and obtains the real estate certificate (property certificate), the house becomes an existing house.

In Xiangjiang, if the real estate project has not yet received an occupation permit issued by the authorities, it is also defined as a off-plan property.

Real estate development projects are sold off-plan, which is most beneficial to real estate developers. In terms of cash flow, they collect money first and deliver the goods after a year and a half.

For property buyers, investment risks are the highest because of the phenomenon of "buying cattle across the mountain". In addition to risks such as cash flow, bank mortgages, and interest, there are also risks such as the integrity of the developer and the protection of investors by local laws. , unfinished buildings and shrunken buildings and other potential risks.

In other words, the later domestic off-plan property trading system was actually introduced from Xiangjiang. However, China may be even more radical, leading to the emergence of many unfinished buildings.

Speaking of off-plan properties, they indeed play a big role in the development of real estate.

Yang Ming won't move in the off-plan building.

However, the other one, Yang Ming, had to move.

It's the pool area.

A long time ago, buildings in Xiangjiang were sold whole, so there was no such thing as a "public stall".

In the 1950s in Hong Kong, it was all about buying properties, not houses.

This term has been used to this day. People who have lived in Xiangjiang must know that people in Xiangjiang still refer to "buying a house" and "paying for a house" today, and will not say "buying a house".

From the inertial inheritance of language, we can also see the shadow of the transaction form back then.

Precisely because buildings could only be sold in their entirety at that time, those who could afford them were either wealthy businessmen or foreign banks. The transaction volume was extremely low and funds were slowly withdrawn. At that time, a businessman from Wenchang, Qiong Province in Xiangjiang, Wu Zhitai, the boss of the International Hongxing Investment Group, began to sell the buildings in different layers.

In the 1940s and 1950s, buildings in Xiangjiang were generally five-story buildings, which were divided into 5 parts on average and sold to 5 buyers respectively. The five people who purchased a building jointly signed the joint ownership rights.

Since the areas on each floor are the same, there are relatively few disputes over public stalls.

The off-plan property proposed by Mr. Huo.

First, the house is sold before it is completed or even started. It is like in the flowering and fruiting process, the fruit has not yet come out. It is sold to buyers at the flowering stage to collect funds.

Therefore, it is commonly known as "selling off-plan properties".

Second, "selling off-plan properties" has opened up the model of selling by units, which means that on the basis of stratification, each floor is divided into several units of different areas and sold separately.

According to research, the earliest buildings that implemented this method are the famous Toad Palace Building and Champagne Building, and of course earlier buildings are not excluded.

This revolutionary measure taken by Mr. Huo has greatly stimulated the property market, making it affordable for many ordinary people to buy houses.

However, the ensuing problem is that the area of ​​each household is different, and the ownership of public spaces such as corridors and corridors is disputed. The maintenance and repair of stairs and elevators are prone to disputes.

In Yang Ming's previous life, he had already heard that Li Jiacheng had promoted this public stall area, so that many people, especially the buyers, hated Li Jiacheng, and there were countless people who cursed it behind his back.

Yang Ming knew that whether it was an off-the-plan building or a public stall, it was not Li Jiacheng who had prospered, because in the history at that time, before the 1980s, there were many larger real estate properties in Xiangjiang than his Changjiu Industrial Group. Home.

Later, because Li Jiacheng became the richest man in Xiangjiang and a representative of Chinese businessmen, his influence had long overshadowed the four major families in Xiangjiang and even other Chinese real estate developers. Even if he was not responsible, they were all blamed on him.

In Yang Ming's view, in addition to the area of ​​​​off-the-plan buildings and shared pools, Mr. Li is indeed the one who has set a bad example in the mainland in terms of land hoarding.

Chapter two!

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