Chapter 344 How to play real estate
“Is 2.25 billion enough?” Xu Liang asked.
“We calculated based on the cost of 4,000 yuan per square meter. In fact, the current cost per square meter in the construction market is around 2,000 to 2,500 yuan. Taking into account the increase in materials in the next four years, 2.25 billion Chinese yuan is enough.
After all, we are only a multi-story building, and the cost is much lower than that of a super high-rise building," Xie Wendao.
Xu Liang nodded and made an estimate in his mind.
Putting 2.25 billion Huaxia coins in the past four years means that 600 million Huaxia coins are spent every year.
With the current profitability of Hongmeng Company, the headquarters construction is more than enough.
After feeling relieved, Xu Liang looked at Lu Jue.
The latter quickly said: "Fengtai Taihua City is 1.52 million square meters, and the planned construction time is 3.5 years. According to the cost of 4,000 square meters per square meter, the total investment is expected to be 6.08 billion Chinese coins.
But I don’t think it will cost that much. After all, the current project cost is not high. Even if it rises to 4,000 per square meter in the future, we should take the middle number to get an accurate valuation.
So I think Fengtai Taihua City is worth 4.5 to 5 billion Chinese coins.
In addition, the land acquisition cost of 550 acres of land is 330 million Chinese dollars. Even with a loan, it is not enough to complete the subsequent construction, so Fengtai Taihua City needs Mr. Xu to continue investing. "Lu Juedao.
Xu Liang nodded, "You don't have to worry about money. I will naturally support you when needed. ”
He still has US$200 million in cash in hand, and Yahoo! Japan’s equity is also rising rapidly. Its current valuation is close to tens of billions of US dollars. 10% of the shares is US$1 billion, which is enough to support the entire Phoenix. The construction of Taihua City is more than enough.
“Lao Sha, what about you? ”
"The first phase of the Taihua Apartment project has a total construction area of 244,500 square meters. According to the budget of 3,000 yuan per square meter, the total construction cost is 733 million Chinese yuan. Currently, the second phase of Xuanwu Fund has raised US$140 million, which is enough to support the first phase of Taihua Apartment Project." Sha Zhigang talked enthusiastically.
Xu Lang didn’t ask about the second issue, that would be four years later.
The distance is too far, and the gap between the estimated material cost and the actual cost is too big. It is better to wait a few years.
"Have the partners been selected?"
"China Construction Engineering Bureau No. 1 and China Construction Engineering Bureau No. 2. The former is responsible for the Hongmeng Spaceship Headquarters project, and the latter is responsible for Taihua City and Fuhua Apartments." Xie Wendao .
"This is a property we own, so we can't be sloppy in the quality. We would rather spend more money than have any loopholes." Xu Liang warned.
The three nodded at the same time.
After feeling that there was no problem, Xu Liang put down the information in his hand.
“Let’s start as you said, choose an auspicious day, and officially start construction.”
“Will you still attend the groundbreaking ceremony?” Xie Wen said.
"I won't go. Lao Xie, you are responsible."
"Yes."
"By the way, Lao Lu, Lao Sha, you guys are going to buy unfinished buildings. What's going on? "
Lu Jue first said: "Currently, I only have Haitian Plaza (Guangyao Oriental Plaza) and Huaxia No. 1 Mall. I spent 290 million Huaxia Dollars on the Shanghai World Financial Center. 3.4 billion Huaxia coins were spent.”
“How much money is left in the budget?”
"Mr. Xu, the budget you left has been spent." Xu Liang said.
“All spent? So soon?!” Xu Liang said in surprise.
He left 1 billion US dollars.
Lu Jue handed over a document.
"Mr. Xu, here are the detailed expenses of each acquired project."
Xu Liang took it and took a look.
It is indeed written clearly above.
The New Dream Project cost 2 billion Chinese coins.
The Guangqumen land parcel and the Guomao land parcel add up to 4.7 billion Chinese dollars.
Kite City Taihua City spent 200 million Chinese coins to acquire land.
Yindu Center (Maple International Center) 270 million Chinese coins.
Gongzhufen Commercial Building (Guohai Plaza) 290 million Chinese dollars.
Modu Global Financial Center 3.4 billion Chinese coins.
Midtown Plaza 530 million Chinese coins.
Hangcheng·Taihua City project, 101 acres, 67,266 square meters, floor area ratio of 4.8 and 580 million Chinese dollars.
All of this combined has cost 11.97 billion Huaxia coins.
In addition to these, there are two other unresolved projects: Haitian Plaza (Guangyao Oriental Plaza) and Huaxia No. 1 Mall.
The former is 227,000 square meters and the latter is 550,000 square meters.
Haitian Plaza (Guangyao Oriental Plaza) will cost at least 400 million; if China First City wants to completely solve the problem and take back the sold houses, it will definitely cost 1 billion.
In addition, the land acquisition cost of Fengtai Taihua City is 330 million Chinese dollars, and the construction cost is 1 billion.
There is still a gap of 6.44 billion Chinese coins.
"How did you solve the gap?"
"I still owe you no money. I would like to ask you to make up your mind." Lu Jue said.
Xu Liang understood.
It is actually very easy to solve the funding gap. Just mortgage the Hangcheng land, Guangqumen land and Guomao land. Although it is not enough, with the US$200 million in his hand, it is almost enough.
As for the unfinished buildings, they have already mortgaged them in exchange for loans and carried out later construction.
Weifang·Taihua City, the land value is too low, you can’t get much money even if you mortgage it.
Although it borrowed some money, Taihua Real Estate's liabilities are not high.
It is much lower than the current group of domestic real estate companies.
(End of this chapter)