Chapter 470: Cooperating with New Swan to Demolish the Old and Build the New

Yang Qing, however, had no time to pay attention to Qi Dezun's fantasies.

He is now considering the issue of whether Huangcheng should go public.

Although Huangcheng currently owns a lot of land, it is a giant.

But now housing prices are too cheap, under a thousand; those lands of Huangcheng aren't worth much.

Going public now would be a cheap sell.

Better to wait a bit more.

Wait for the market to mature a bit more; in 72 years, housing prices will rise to two or three thousand.

At that time, the funds that could be raised would be considerable.

With the growth in rent, profitability would also increase severalfold.

Don't underestimate these multiples; stock valuation depends on the PE ratio.

If these multiples are multiplied by ten or twenty, they become tens of times.

The funds that could be raised might exceed the current total value of Huangcheng.

For Huangcheng, going public between year 72 and before the stock crash is the best time.

Wang Lin wants to go public, because once listed, his 1% shareholding would immediately appreciate.

He would no longer need to envy others.

But this matter, his say doesn't count.

Yang Qing ultimately thought it over and still decided to delay Huangcheng's IPO.

Seeing Wang Lin's eagerness, Yang Qing's words became much more tactful.

"Huangcheng is something I have been investing in, and even now I still rely on rent to survive."

"I think this is unhealthy."

"For low-value properties, we need to find a way to make them appreciate."

"As far as I know, New Swan does quite well in demolishing old buildings and constructing new ones."

"We ourselves lack the energy to handle those scattered properties; it would be better to cooperate with him."

"That way we would have another profit channel."

"What do you think?"

Wang Lin had no objection; he currently holds a large amount of land and property, collecting rent of over ten million per year.

Da Song Jin Lou is already recruiting tenants; future rent will be even higher.

Moreover, due to Yang Qing's investment, he also has some construction capability in the building industry.

It is foreseeable that Huangcheng will keep getting better.

General Manager Yang wants to revitalize those scattered properties; he also has no objection.

The maintenance cost of old properties is high; this also counts as saving money.

"No problem; in fact, many companies want to cooperate with us, but most just want to get their hands on our land."

"Some even pressured Hong Fu to demand immediate development, otherwise the land would be taken back."

"General Manager Yang mentioned New Swan, but we haven't had much contact with them."

"I will go back and arrange for someone to make contact."

Anyone wants to move Huangcheng's land?

Yang Qing, upon thinking, understood: he has so much land in hand, yet he has only developed one Da Song Jin Lou.

The rest are just paper.

Because they don't develop, Huangcheng has too much money on hand, so in land auctions they charge around recklessly, making many people unhappy.

They want to force him to develop, spend funds, so they can grab some land.

"What did Hong Fu say?"

"No word yet."

Wang Lin doesn't think they can do much; many people are hoarding land, and if you really let them develop, they might not even have money.

Yang Qing thought it over; leaving it vacant all the time is also not acceptable.

"Then let's build a parking lot."

"Leaving it empty gives no face to others, and moreover, a place like Zhong Huan, if left barren, is too eye-catching."

"Make it a parking lot, or a place for entertainment."

"Make it look not so conspicuous."

Wang Lin originally planned not to care at all; the dairy company's land, still used for raising cattle, has been complained about several times, but it's fine; my own land, I can do whatever I want with it.

After Yang Qing said that, he had to consider the impact.

"Then I'll first build a parking lot."

"However, General Manager Yang, where should we focus our next development?"

Yang Qing thought for a moment.

He decided, saying:

"Let's first build the Penglai Hotel of Three Gods Palace, Tianshan Business, and Kunlun Building."

"Three Gods Palace, this name is well chosen, a good omen."

Wang Lin noted it down; next, they will need to conduct in-depth design for the three buildings.

By the time it's built, who knows when—maybe the year of the monkey and horse?

After Yang Qing left, Wang Lin immediately arranged to meet the boss of New Swan, Li Zhao.

Li Zhao felt it was abrupt; he didn't expect himself to be suddenly dismissed by a big shot.

He nervously came to the Imperial City.

Wang Lin welcomed him, making him feel deeply honored.

"I don't know, President Wang, what brings you to look for me?"

He brought it up first, knowing that someone of Wang Lin's stature has very precious time.

Asking directly like this actually wins the other's favor.

Wang Lin picked up the teapot, poured him tea; looking at the placement of the teacup and the pouring gesture, everything was proper—it was a reception for him.

His mind became much calmer.

Wang Lin comforted him.

"Good thing, don't be nervous."

"I noticed you've been buying up old buildings, preparing to build new ones."

"Coincidentally, I have several thousand old units in my hand."

"Let's cooperate and develop them together."

"What do you think?"

"Is there really such a good thing?"

"Did a pie fall from the sky?"

"Why wouldn't he believe that?"

He probed.

"What President Wang said is true."

Wang Lin said solemnly.

"This is what President Yang himself said—how could it be false?"

Li Zhao almost jumped up, but he held himself back.

He asked tremblingly.

"Why did you choose us?"

"The Imperial City should find this more convenient than we do—who doesn't know you have Jingmen Support?"

"Doing this kind of thing is hardly a trivial matter."

Wang Lin also didn't know, so he could only make it up himself.

"I don't know the specifics either."

"But lately those foreign firms keep causing trouble, and President Yang is buying gold."

"It could also be that everyone from the Mainland wants to lend you a hand—anything's possible."

"At this point, the more ambiguous, the better."

"What one fills in with their own imagination is the most reasonable."

Li Zhao thought it over; all these reasons could be true.

"With the rise of the Chinese, President Yang's pressure naturally lessened."

"He has channels for purchasing gold."

"Lending him a hand is also possible, after all, our business with the Imperial City doesn't really overlap; rather, they complement each other."

"Then thank you for President Yang's kindness."

Li Zhao felt he should accept this windfall.

Wang Lin laughed heartily.

"Since President Li has agreed, from now on we're brothers."

"The Imperial City's several thousand old units will be handed over to you."

"It sounds like a lot, but when Wang Lin bought them, it was only two or three hundred per square meter."

"While Gangdao's properties are mostly small, averaging less than fifty square meters per unit."

"Even if it's fifty square meters, on average a unit costs only ten thousand."

"Several thousand units, the cost is only a few tens of millions."

"Although current housing prices have risen, they haven't become that expensive—still under a thousand."

"The real estate market hasn't yet reached that crazy point."

"Xin Hong is not the future Xin Hong."

"Houses aren't that unattainable."

"Gangdao workers, without eating or drinking, could buy a unit in five or six years; a thousand-square-foot wedding home would take only about ten years."

"Not like later, when a lifetime of struggle still wouldn't be enough to buy a unit."