Chapter 507 Auction
Lin Yuzhu walked to the stage. Because the leaders were present and it was the first time she had hosted such an event, she was worried about handing it over to others, so she prepared to host it herself.
“Thank you all for coming. I believe everyone knows the content of today’s event.
Let me just say a few words here. The content of this bidding meeting is the auction of several plots of land in Beijing and the bidding of cooperative units in the city center's commercial district.
The specific situation is written in the brochure and bidding plan I gave you before. You should all be very clear about it. I will not explain it in detail here. Let’s get started directly.”
“The first thing to be done is the land auction.
The first plot of land is located in Fengtai District in the south of Beijing. In the subsequent planning of Beijing, it belongs to the location near the Fourth Ring Road and the Fifth Ring Road. It covers an area of 12,270 square meters and is for residential use. The starting price is 3 million yuan. The bidding starts now. "
As soon as the words fell, everyone was a little confused. In fact, it was not so bad for foreign and Hong Kong investors, after all, they had participated in auctions before and knew what the format was.
But the domestic companies were a little confused. They didn’t expect the filming to start so soon. Even the introduction was so simple, without any verbosity, which made them a little overwhelmed.
Fortunately, they had learned about the land being auctioned in advance and had actually inspected it, otherwise they would have been really confused.
However, even after investigating, they were still shocked by the starting price.
That’s 3 million, and the land is only over 10,000 square meters, and it’s in the suburbs. It shouldn’t be that expensive, right?
The reason why Lin Yuzhu didn't say much was that when she announced the bidding conference, she had already given the companies that wanted to know the specific location of the land to buy, and also gave them ample time to investigate. Those who wanted to buy had already done their research, so there was no point in her saying more.
The reason she set this price was because she argued for it, although everyone thought she set it too high and was afraid it wouldn't sell.
But Lin Yuzhu didn't think so. She had gritted her teeth and decided on this price. She felt really distressed because that was land in Beijing, and it was more than 10,000 square meters!
The price will be sky-high in the future, and if you sell it at this price now, you will really lose a lot!
After hearing the information about the first piece of land, the companies below, especially some real estate companies in Hong Kong, are also considering it. To be honest, they also think that the price is a bit high. In Shenzhen and Guangzhou, this price can buy two or three pieces of land of the same size!
Moreover, according to the government's new regulations, residential land can only be used to build houses, but the area of this land is too small. Even if a seven-story residential building is built after purchasing it, the construction area will be at most more than 20,000 square meters.
If each house is 100 square meters after it is built, there will be about 200 households. Of course, this is for building large houses, but small houses cannot be sold at a high price. So on average, each house has to be sold for just enough money to buy the land.
But based on their understanding of the domestic market conditions, not many people can afford to spend so much money to buy a house.
But this does not include the money for building the house.
So all in all, the rate of return is very low!
Of course, this is just the current situation. Those who do business understand that the domestic economy is developing rapidly, and people's savings are increasing. As the richest city, the people here must be the richest.
Then the houses built will not be unsold, and the housing prices will definitely get higher and higher as time goes by.
Although the price seems inappropriate now, if you wait another two years, both the land and the property will surely appreciate in value, and you will not have to worry about not making money, and you may even make more.
With this in mind, several large companies that started out in real estate finally began to take action.
"3.1 million."
"3.2 million."
"3.3 million"
“…”
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