I'm in the county town, and you say I'm a big shot?

Chapter 397, 396: "Of course, this is also a risk, but I think it's worth taking!"

Sure enough, Fang Qingye said, "My idea is to take both of them!"

These words shocked everyone. Even Song Qingdong, who was sitting next to him and was feeling drowsy, suddenly opened his eyes wide and looked at him in disbelief.

After a brief silence, the meeting room immediately became noisy again. Sun Jia was the first to stand up and say loudly, "I object! It's mainly a matter of funding."

Fang Qingye immediately interrupted her: "President Sun, let's discuss the funding issue last."

Sun Jia got a little anxious when she heard this and was about to continue to argue, but she was stopped by Luo Yan's eyes when she sat opposite her. She had no choice but to swallow back the words she was about to say and sit down sullenly.

"What are your opinions?" Fang Qingye looked at the other vice presidents.

Chen Yilin quickly exchanged glances with the two heads of the development and design departments under his supervision, and was the first to speak.

"Chairman Fang, the development department has conducted preliminary assessments on both plots of land, and they both meet the company's development requirements. At that time, due to funding issues, we only submitted plot number 6. Now that you have proposed to acquire both plots simultaneously, I agree. At the same time, on behalf of the design department, I guarantee that we will do a good job in the bidding and selection of project planning schemes, and create an excellent residential project like Lakeside Residence!"

Fang Qingye nodded, then looked at the thin, bespectacled middle-aged man sitting next to him: "Engineer Zhang, where is your engineering department?"

The main responsibilities of the Engineering Department are to be in charge of engineering management and technical management, to cooperate with the Marketing Department to complete feasibility studies, and to provide engineering and technical support for the company's development projects.

When Fang Qingye called his name, Engineer Zhang smiled and said, "The first phase of the Yazhu project has been completed, and the affordable housing project will also be fully completed before New Year's Day. At that time, only the second phase of the Yazhu project will remain, so adding two more should not be a problem."

"I have a problem!" Liu Qiang had been sitting still for a while.

He was still struggling with the sales of the second phase of the Yazhu project, and now two more projects have suddenly been added!
According to the project schedule, after acquiring these two plots of land and going through a series of processes such as project planning and blueprint design, if we want to quickly recover funds, we can launch the property for public sale as early as next year's Spring Festival!
Although there are still nearly four months until next year's Spring Festival, is it possible to sell out the second phase of the Yazhu residential project in four months?
He looked at Fang Qingye and said, "Chairman Fang, developing two projects at once puts too much pressure on our sales department! If it were last year, I would have dared to take on this task, but this year, with the government's regulatory policies coming one after another and the real estate market in a slump, everyone has seen it, so I won't elaborate. Let's talk about next year, how much better can the situation be then?!"

Liu Qiang's words sparked discussion among the crowd.

If bidding for two plots of land at the same time, the greatest pressure will naturally be on finance and sales.

Financial issues can be addressed by taking out bank loans or even private lending, but sales must be entirely handled by oneself!
But given the current situation...
If it weren't Fang Qingye who came up with this idea, and it had been someone else, like Luo Yan, Liu Qiang would have also been unable to resist cursing.

Have you lost your mind?!

Fang Qingye remained calm and looked at Liu Qiang, then suddenly said, "Mr. Liu, what if the situation improves next year?"

"Impossible, right? Everyone's saying it'll be like the 08 real estate crisis," Liu Qiang said.

"Nonsense." Fang Qingye said bluntly: "In 08, the crisis spread from abroad to China and was a result of the combined effect of China's tight monetary policy. But now? The US economy has completely emerged from the financial crisis, and the global economy is recovering. In other words, the international environment of 08 no longer exists."

"This round of regulation was a proactive measure taken by our country to prevent overheated economic growth, but it seems that the goal has been achieved. Data released by the National Bureau of Statistics shows that the year-on-year increase in the CPI index has continued to decline since July, and the downward trend in the real estate market is even more obvious. The growth rate of commercial housing sales in the first three quarters fell by 5.3 percentage points. Therefore, I dare to say that next year, that is, in 2012, the country will relax the regulation."

"Really?"

Fang Qingye's words once again sparked discussion. Of course it's true!
Because I've been through it.

But Fang Qingye didn't want to discuss this issue further. He then asked, "President Liu, will the second phase of Yazhu be completely sold out by next June?"

“No problem,” Liu Qiang immediately replied.

“Alright, the sales of the buildings constructed on these two newly bid plots will be postponed until after June next year. At that time, the government will further relax its control policies, which will be beneficial to sales,” Fang Qingye said.

this.
Seeing that Fang Qingye had put it this way, Liu Qiang realized that he was determined to acquire the two plots of land, so he had no choice but to nod.

Sun Jia became even more anxious upon hearing this.

Having acquired these two plots of land, they're still delaying the public sale until after June next year. When will they be able to recoup their investment?
Isn't all the pressure just piling up on my side?
At this moment, Fang Qingye looked at her and said, "President Sun, let's not talk about anything else. How much money can the company afford to purchase the land right now?"

After a moment's thought, Sun Jia quickly gave an answer: "If sales go smoothly on President Liu's side and the task can be completed as planned, the company can allocate a maximum of 1.8 million yuan."

"What about loans? How much can I borrow?" Fang Qingye asked again.

“7000 million at most.” Sun Jia said without hesitation: “After the reserve requirement ratio is raised again, the lending quota of commercial banks will be further tightened, the financing channels will become narrower, and the financing difficulty will be further increased. 7000 million is our limit.”

“Then let’s go with 70 million, plus 180 million, which is 250 million. That leaves a funding gap of just over 100 million.” Fang Qingye smiled and continued, “Tuofang Technology can lend it to us. It can be repaid in three years, and the interest will be based on the interest rate of a three-year fixed deposit at a bank.”

Sun Jia was stunned.

The funding problem that I was most worried about was solved so easily!

"Do I still need to step in to get this 7000 million loan?" Fang Qingye asked again.

Just as Sun Jia was about to nod, Luo Yan, who was standing next to her, hurriedly spoke up, smiling and saying, "Chairman Fang, you don't need to do it, we can handle it."

"That's good. Is there any other problem?" Fang Qingye looked around at everyone again.

The room fell silent.

"Then let me say a few more words," Fang Qingye said. "As you all know, I trade stocks. There's a popular saying in the stock market, attributed to Warren Buffett: 'Be fearful when others are greedy, and greedy when others are fearful.'"

Whether Buffett is a stock market guru or not is another matter, but there is some truth to what he said, and it can be applied to the real estate market as well!

"What people are seeing now is sluggish property sales, companies being hesitant to acquire land, and land auctions failing. The market is shrouded in pessimism. But have you ever considered whether this situation actually makes it easier to acquire land? Take Plots 3 and 6, for example. If the government had put them up for sale at these prices last year, or even in the first half of this year, would they have? How many developers would be competing with us, and how much real money would we have to spend to secure these two plots?!"

"Of course, this is a risk, but I think it's worth it!"

(End of this chapter)