Early June.
Xihong City.
Land and Resources Trading Center.
At the land auction venue.
The CEOs of hundreds of real estate companies were gathered together.
This land auction involved 32 plots of land.
The rising Xihong City naturally attracted the attention of many real estate companies.
…At
the auction house.
Xu Yong, the chairman of Hongyuan Real Estate, was sitting on a chair to conserve his energy.
His purpose today was very pure.
That was to snatch a piece of land from the hands of a group of real estate tycoons and build a residential area.
After everyone was in position.
The auction officially began.
The procedure for the official auction house was relatively simple.
The host on the high platform introduced the rules of the auction, the increase in price, and the bidding agenda. After the auction ended, it would be certified by the notary office, and the auction would be considered completed.
"The first item to be auctioned is the residential plot G1509 in Xihan District. This plot of land is located in Yunji Street in Xihan District…The
total area of this plot of land is 46.47 mu, and the plot ratio is 1.8. It is suitable for building a high-rise community…The
starting price of this plot of land is 150 million, and each increment is 10 million, or an integral multiple of 10 million…" The
auctioneer finished speaking.
Everyone quickly started bidding.
"Number 21, 160 million!”
"Number 42, 180 million!”
"Number 55, 210 million!”
No.
81, 450 million!”
When the price reached this number, the sound of bidding disappeared.
The accountant next to Xu Yong quickly began to calculate and then said in a low voice,"Director Xu, the price of this land has already reached 8077 yuan per square meter. Currently, the price of the Yunji Street in the Western Han District is about 7700 yuan per square meter. If you increase the price, the profit will not be big."”
Hearing this, Xu Yong nodded in agreement.
The floor price had already exceeded 8000 yuan per square meter. If it was sold for less than 10000 yuan per square meter, it would not make any money.
Although the Western Han District was a city district, this piece of land was still a little remote. It was obviously not worth it to continue raising the price.
There were many people who had the same thoughts as Xu Yong.
The other real estate companies thought about it and did not raise their placards.
In the end, the first residential plot G1509 was sold for 450 million.
The auction was officially completed!
At
this moment, all the real estate developers had solemn expressions.
From the small to the big, the price of a piece of land was already over 8000 yuan per square meter. The price of the next piece of land would definitely not be low!
On the high platform.
The auction for the second plot of Land officially began.
"The auction is now for residential land J1512 in Xitang District. The plot of land is located in Xitang District's Linmu Street…
The plot of land has a total area of 200 mu and a plot ratio of 2.2. It is suitable for the construction of large-scale residential areas…The
starting price of the plot of land is 500 million. Each increment is 10 million, or an integral multiple of 10 million…" The
auctioneer finished speaking.
Everyone quickly started bidding.
"Number 23, 510 million!”
"Number 46, 680 million!”
"Number 18, 820 million!”
"Number 62, 1.02 billion!”
No.
81, 2.4 billion!”
As soon as he finished speaking.
The expressions of the real estate developers changed.
2.4 billion!
This price was a little ridiculous!
Xu Yong's expression was uncertain.
The price was too high!
The accountant beside him quickly calculated."Director Xu, the current land price is 12 million yuan per mu, and the floor price is 8190 yuan per square meter. The education, medical, and other supporting facilities around this land are not complete. If you want to auction this land, you can't exceed 2.5 billion at most. Otherwise, we will lose money.”
Xu Yong glanced at the placard holder at seat 81 and asked,"Why haven't I seen this real estate company before?”
"Chief Xu, they're Xihong Real Estate, a subsidiary of Xihong Capital Construction Co., Ltd. They're a state-owned enterprise!"”
"City-owned state-owned enterprises?"
"The state-owned enterprises are also here to snatch land from us?" Xu Yong asked in puzzlement.”
"The state-owned enterprises also have to go through the auction process to get the land," the finance department explained in a low voice. It was said that this company was snatching land to build relocation houses for the relocated households.”
"Resettlement room…"
Xu Yong's mouth twitched, speechless.
At
this moment, the large real estate company also learned about the origins of Xi Hong Real Estate.
After thinking for a moment, they finally decided to give up.
There were a total of 32 plots of land in this auction.
There was no need to fall out with the state-owned enterprises.
Moreover, if they continued to bid for this piece of land, they wouldn't be able to make much money.
In the end, this piece of land was sold for 2.4 billion!
…
Next.
The land auction continued.
Xihong Real Estate became the only focus of the entire venue.
The auctioneer kept hammering the hammer.
"Congratulations to Xi Hong Real Estate for obtaining Xiqin District Number C1507 residential land for 480 million!”
"Congratulations to Xihong Real Estate for obtaining Xihan District residential land number G1510 for 620 million!”
"Congratulations to Xi Hong Real Estate for obtaining the residential land number J1513 in the Xi Tang District for 1.02 billion!”
"Congratulations to Xihong Real Estate for obtaining Xihong District residential land number A1520 for 1.22 billion!”
"..." The
auction house.
Land below 100 mu and below 200 mu.
Xi Hong Real Estate did not even blink as they bought it, as if they did not care about the price at all.
In just half an hour.
Xihong Real Estate quickly acquired 15 plots of land.
Among them, many real estate companies were fighting over many pieces of land.
Unfortunately, Xihong Real Estate had a lot of funds, and the price increase was frighteningly high. In the end, they defeated many competitors.
…
In her dress.
"Have you calculated how much Xihong Real Estate spent?" Xu Yong asked.”
"18.8 billion!"
The finance department replied directly.
"Xihong Real Estate used to be unknown, but from now on, this real estate company is famous!”
The finance department nodded.
From the perspective of real estate business, Xihong Real Estate was going against the principle of profit.
However, Xihong Real Estate was a state-owned enterprise under the city. The land auction was also to build relocation houses for the relocated households. Naturally, it could not be viewed with common sense.
…The
next auction.
Xi Hong Real Estate didn't continue to take the land, which made all the real estate developers heave a sigh of relief.
After all, Xihong Real Estate was a state-owned enterprise.
It was obviously not wise to affect the government's plan to build a settlement.
And if they competed with other real estate developers, they would have to rely on their own abilities, and the government would not be disgusted.
After the previous bidding.
The competition for the subsequent 17 plots of land was particularly fierce, and the price of the land was invisibly raised.
Everyone only realized after thinking back.
Xi Hong Real Estate was like a catfish, completely stirring up the originally dull land auction market.
However, they also gained something.
After all, the auction of land in Xihong City increased the financial income of the land. At the same time, it also opened up a window for real estate companies in Xihong City, giving them a chance to obtain land.
…The
land auction ended.
Xihong City's Natural Resources and Planning Organization publicized the information of the land being sold.
Among them, the news that Xihong Real Estate bought 15 plots of land for 18.8 billion yuan to build houses for the relocated households spread throughout the city in an instant.
The 20,000 relocated households heaved a sigh of relief.
It had been more than two months since the demolition agreement was signed in March.
The government of Xihong City had not pushed for the relocation housing project, so they felt uneasy.
It was all good now.
With the land, Xihong Real Estate would soon start building a residential area and completely implement the government's housing project.
The relocated households were so happy in their hearts that they didn't even need to mention it!
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