Under Li Changsheng's suggestion, Luo Jinxing, head of the housing management bureau, came up with a workaround—compensatory trade.
Compensation trade can be interpreted as, the real estate management bureau from the real estate to solicit investment from Xiangjiang real estate developers, the two cooperate to build houses, and then carry out a reasonable profit sharing.
As soon as the practice of compensation trade was introduced, Li Changsheng immediately invested.
While the building drawings were still in the process of being perfected, Li Changsheng's funds were all in place, and Luo Jinxing no longer had to worry about finances~.
He made an agreement with Li Changsheng that the Housing Authority would get 60%, and the rest belonged to Li Changsheng.
Regardless of the fact that the real estate bureau gets 60%, in fact, if Li Changsheng abandons the real estate bureau and works on his own, the money he gets will be even lower!
For real estate development, the biggest cost is the land price and public relations expenses with relevant departments, cooperation with the real estate management department, etc. Such costs are all saved, which is much more profitable than doing it alone!
With the financial backing of the Housing Management Bureau, the Shenzhen Special Zone Real Estate Company was established. Although it has a name for the company, due to financial difficulties, Shenzhen cannot even afford the start-up fee of 40,000 yuan.
Fortunately, Li Changsheng lent Luo Jinxing and the others 40,000 yuan, and the company was successfully established.
The conditions at that time were very difficult. Luo Jinxing also served as the manager, and there were less than 10 cadres and workers.
It was this simple real estate company that built the first commercial housing complex in China—East Lake Liyuan, which was also the first community with property management.
Donghu Liyuan was launched for sale in 1981, moved in in 1982, and completed in 1984.
At this time, there is no concept of a decent living room, and living is still the most important function.
There is almost no concept of two bathrooms. Two bathrooms mean waste, and waste is the greatest tragedy.
There is not much difference between the three-bedroom apartment type and the later ones in many places, including bedrooms, balconies, living rooms, kitchens, and bathrooms. It's just that the level of consumption can't be compared with later, that's all.
The staff of the company worked overtime day and night to build houses for cooperation.
Even during the Spring Festival, they checked the drawings carefully and sent the contract to the Foreign Affairs Office for approval.
Then the planning bureau will divide the land, and after a set of procedures, the cooperative housing construction has also begun to take shape.
The East Lake Garden officially started construction, but Luo Jinxing still didn't dare to relax. It is still an unknown result how this set of commercial housing will respond.
0...seeking flowers...
After drawing up the blueprint of the community, Li Changsheng's Hutchison Whampoa has already started selling houses. After some discussions, the selling price of this house was set at 2730 yuan/square meter.
Although this was considered high at the time, it was still very affordable compared to the housing prices in Xiangjiang. In order to sell more houses, the Shenzhen Housing Authority also released an important message.
As long as you pay the full amount at one time, you can enjoy a 5% discount. In addition, Shenzhen also provides a quota for house purchase and household registration, with a maximum of 3 household registrations.
This policy has a huge appeal, and more than 5,000 people lined up.
Due to the large number of developers, the developer had to take the lottery.
Once the Donghu Liyuan Community was launched, all of them were sold out. This attempt brought a good start to Shenzhen's real estate industry, earning a full 5 million yuan.
This is equivalent to more than 500 million decades later!
It was signed in Shenzhen and Hong Kong on New Year's Day in 1981. In mid-February, it was pre-sold in Xiangjiang before construction started. The first batch of 108 houses were sold out at a total price of about 50,000 to 60,000 yuan in our currency, which was half ten thousand yuan cheaper than Xiangjiang. .
