Name: My father is Zhao Dehan, and I hope he will become a dragon!
Chapter 55 Land Prices Soar! 5x Profit!
The night at Nanhu was still brightly lit.
But the chairman's office is on the top floor of Chongming Technology's headquarters.
Zhao Chongming leaned back on the sofa, playing with a Nova K1 engineering prototype in his hand. The screen was dimly lit. Opposite him, Zhang Wei sat upright, dressed in a sharp suit, but his forehead was still damp with sweat from his trip back from Beijing.
"How much profit did they actually make from that land in Yizhuang?"
Zhao Chongming didn't look up; his voice was lazy, yet carried an unavoidable sharpness.
Zhang Wei grinned, his eyes gleaming: "Making a fortune! A killing!"
He leaned forward and lowered his voice: "Three hundred and twenty acres, originally the old factory buildings of Jingyi Group. The acquisition was completed last year. Hehe, Director Zhao, ah, not that Governor Zhao helped out before coming to Handong, but now, the land use has been completely changed to R2 residential mixed-use land, with a plot ratio of 2.8. Planning, environmental impact assessment, indicators—all in place!"
He paused, then said excitedly, "The asking price last month was 480 million. Our land acquisition cost was only 92 million, so we made a net profit of nearly 400 million. And that's before we even sold any houses. I think there's still room for appreciation. Once construction is complete, the price will definitely be more than that! Construction has already started, and we've even come up with a name—'Chongming Yizhuang No. 1'."
Zhao Chongming finally looked up, a slight smile playing on his lips: "Not bad. But don't use my name. Call me Chongguang or something similar; I don't really need that much fame right now!"
Zhang Wei immediately nodded and said, "No problem!"
Zhao Chongming continued, "Also, don't hesitate, mortgage this land to the bank, and quickly pull some strings with the relevant connections!"
Zhang Wei was taken aback: "A mortgage?"
"Yes." Zhao Chongming put down his phone, interlacing his fingers. "Based on the current valuation, we can conservatively borrow 3.5 million. I need you to process it immediately, the sooner the better."
"clear!"
Zhang Wei nodded vigorously, "The four major banks are all vying to extend credit to us, and we can even negotiate the interest rate down to 5.2%."
Zhao Chongming was somewhat surprised: "Hmm? All four major banks are coming to you?"
Zhang Wei immediately chimed in, "Hey, don't you know how banks are? They offer us help on sunny days and take it away on rainy days. Our cash flow is healthy right now, and our projects are visibly profitable, so of course they're happy to lend to us!"
"Not a single penny of the loan will be kept."
Zhao Chongming's eyes sharpened. "Send it all to Nanhu—I want to acquire that 500-mu reserved land east of Guangming Road and north of Nanhu Avenue. The government will start the auction in a few days. Don't sit idly by; if you can get it, do so. Don't hesitate, don't waver!"
"That piece of land?"
Zhang Wei's eyes lit up. "The current asking price is only 800,000 yuan per mu, totaling 400 million yuan. It's practically a steal!"
"That's it."
Zhao Chongming smiled and said, "We'll acquire as much as we can. The land has huge potential for appreciation. I'm not exaggerating, Nova is popular now, so people are coming; people are coming, so houses need to be built; and once the houses are built, people need to buy them. I don't know much about real estate, you know more than I do!"
"Understood, understood!"
Zhang Wei quickly replied, "Residential, commercial, talent apartments, R&D centers—Mr. Zhao, you're the real big shot! I'm just following in your footsteps to make some money!"
Zhao Chongming slowly sipped his tea: "I'm just helping my father out. However, Chongming Jiaye Real Estate could expand further. According to my estimate, the next ten years will be good times. You can repeatedly acquire land, mortgage it, acquire more land, mortgage it again, and the appreciation in land value can completely offset the interest!"
He paused, then continued, "About 16 years, that's when we need to strategically shrink back!"
Zhang Wei was somewhat surprised: "Ten years?"
Zhao Chongming smiled and said, "Pretty much. You should be prepared!"
"Understood!" Zhang Wei nodded slightly.
He knew he didn't have much of a background, but Zhao Chongming was different. He was the son of a vice governor, had a blockbuster product in hand, and was backed by Sha Ruijin, the top official of Handong Province, and Li Dakang, the top official of Jingzhou City. Even CCTV reported on him every day.
Acquiring the land in Nanhu will definitely not result in a loss.
"Mr. Zhao, don't worry!"
Zhang Wei patted his chest and declared, "I'll bring my team tomorrow to talk to the Guangming District Management Committee! With Governor Zhao here, this land... it's a done deal. I'll take it no matter the price!"
"I'm not asking you to lose money!" Zhao Chongming smiled. "I also have shares; I need to make money too!"
Zhang Wei nodded: "Understood!"
There was no question of resistance or not; Zhao Dehan was no longer a "section chief," but one of the most powerful vice governors in Handong.
Previously, he held a small official position but wielded great power; now, he holds absolute power, and it is no exaggeration to call him the number four figure in Handong Province.
Nanhu has become a national strategic industrial hub.
Who dares to block Chongming Group's land?
"Oh, right!"
Zhao Chongming suddenly asked, "What is the payback period for the Yizhuang project?"
"The first phase is expected to launch next March, with a conservative sales rate of 70%, generating at least 600 million yuan in revenue." Zhang Wei paused, then tentatively asked, "Should we... acquire another plot of land?"
"Do you have enough capital?" Zhao Chongming asked casually.
Zhang Wei hesitated and shook his head: "Not really!"
Zhao Chongming smiled and said, "Let's thoroughly understand the Guangming District first. The appreciation potential here is huge, and the sooner we acquire the land here, the more money we'll make!"
"Understood!" Zhang Wei nodded again.
Zhao Chongming walked back to the coffee table, picked up the wine bottle, and poured a glass of Moutai for each of them. The amber liquid swirled in the glass, reflecting the ever-burning lights outside the window.
"Come, for the four hundred million yuan of Yizhuang, and for the future of Nanhu."
"Dry!"
The liquor burned and burned as it went down my throat.
Zhang Wei was incredibly excited, feeling that his glorious tomorrow was about to arrive.
……
……
It was late at night, after seeing Zhang Wei off.
Zhao Chongming slipped into the bedroom next to the office.
A bedside lamp casts a warm, honey-like glow.
Lin Wei leaned against the headboard. She had just finished showering, and her hair was still dripping wet. Her nightgown had slipped loosely off her shoulders.
Zhao Chongming pushed open the door and came in, carrying the weariness of staying up all night and a faint scent of cedar perfume.
She didn't say anything, but simply reached out and hooked her arm around his neck.
The kiss was light, yet burning hot.
A moment later, Lin Wei, panting, separated them, her fingertips stroking the stubble on his chin, and suddenly asked, "Is the land price in Chongming... Nanhu area about to skyrocket?"
Zhao Chongming was taken aback, then laughed, lay down beside her, and wrapped his arms around her waist: "What, did you hear me talking to Zhang Wei? You're interested in that too?"
"Um!"
Lin Wei: "Is it true?"
Zhao Chongming chuckled, twirling the end of her hair with his fingers. He didn't mind giving her a chance to make money, and immediately said, "Look, the Nova factory is here, BOE will start production next month, Hande Battery is hiring 3,000 people, and the Software Park will be topped out next week. All the top talent is flocking here."
He paused, his voice low and resolute: "The Jingzhou Municipal Government has already submitted the subway plan to the National Development and Reform Commission. The branch school of the Provincial Experimental Primary and Secondary School will start construction next year, and the site for the top-tier hospital will be located on the east side of Nanhu Avenue..."
This area will become the "Zhongguancun + Lujiazui" of Handong within three years.
Lin Wei's eyes lit up dramatically: "Then... is it still not too late to buy land now?"
"Smart." Zhao Chongming pinched the tip of her nose. "As long as you get collective construction land or residential land, don't touch basic farmland. Just wait for the demolition notice to come out—"
He spread his five fingers.
"Fifty percent?" Lin Wei asked cautiously.
"Five times is the minimum." Zhao Chongming pinched Lin Wei's chest. "This information of mine is worth a fortune. What positions have you planned for tonight?"
"Well, well, anything is fine!" Lin Wei said, blushing.
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