Chapter 1307 The Great Landlord of Monterey Peninsula
It is very difficult to escape by being targeted by giant pandas. They will try their best to stick to people with a stern face. For example, now, Wolong and Little Barry hugged their owner's legs and asked for food. They looked like two oversized panda-shaped slippers.
Han Xuan ignored them and was very relieved about the contract he had drafted by the company. The reason why he was looking through it at this moment was to learn about these two places in detail.
I know a little more about the situation in Shiqili Bay. The coast extends fifteen nautical miles outward, which are all fishing grounds included in this acquisition, and the land area extends about two kilometers from the coast to the inland.
Such a small area has become particularly valuable because it contains a famous scenic spot in California. This money can be bought in Texas about one million acres of super-large ranch.
Apart from the toll station that costs $7.9 each time you pass, the profit point is a home that is extremely expensive.
Last year, a total of more than 6 million people passed by here, and the cost of maintenance roads required was very low. Previously, Ganbao Marine Ranch could also get a share because a section of the road passed through its range.
The surrounding scenery is beautiful and close to many golf courses. It is one of the most famous high-end residential areas in California. Those who can buy a house here are worth at least one million dollars.
During the preliminary investigation, we learned that the annual income of more than 1,000 local residents is mostly over 100,000 US dollars, and there are also many millionaires and billionaires. Gates, Ellison and others all have houses here.
The direction of making money in Pebble Beach is mainly concentrated on golf, and there is also land for development into residential areas around it, and the land price is no cheaper than Shiqiliwan.
Last year, California's direct revenue brought by more than 800 golf courses was as high as more than 5 billion US dollars, and its indirect economic benefits exceeded 10 billion US dollars.
Pebble Beach Company has seven eighteen hole golf courses, including Pebble Beach Links, Bay of Spain Links, Mountain View and Delmont Golf Course, all of which are public courses, while the other three are private courses. In addition to these courses, Pebble Beach Golf Resort has three hotels with about 1,000 employees.
The assets of its Delmont Real Estate Company include 18,900 acres of Monterey Peninsula land, Pacific Woods Town and several large pieces of land around Pebble Beach, Delmont Forest near Seventeen Li Bay, Delmont Farm, Delmont Hotel, and 43% of the Monterey Town Waterworks shares.
Playing golf at Pebble Beach Links Co., Ltd., cost about 500 US dollars per person. Last year, several courses received a total of more than 50,000 people, with a profit of about 38 million US dollars, and other industries also had a lot of income.
Xiong Caitani sold his membership card for one million US dollars each, and more than 60 people bought it, which shows how much people like to play golf here.
This is probably the case.
Highway toll stations and golf courses are all considered long-term business. If they weren't for their stable returns, Han Xuan would have paid more than one billion US dollars to buy such a larger place if he was stupid.
He finished reading it quickly, and the other two parties were slow to study the contract. It was almost noon that Han Xuan had already gone out for a walk before coming back to sign the contract.
The two parties closed the contract under the witness of the notary, and Shiqiliwan and Pebble Beach Company officially became Han Xuan.
The other party did not stay for lunch. Accompanied by Secretary Dawson, he hurried to the Huamei Bank headquarters in Santa Clara Town to handle asset transfer procedures.
I went home for a simple lunch.
Han Xuan was preparing to go with Butler Elner to see the property he just bought, and then go to Monterey to buy things.
Mr. Chester, the elder of Monterey, arrived in a red Dodge Ram pickup truck, got off the car and gave Han Xuan a big hug.
"Haha! You have finally bought these places back. In the past, our Monterey Peninsula was almost the damn Japanese!
You don’t know that they sold the house too much, which led to the price increase of land around our town. Many people complained to me that they could not afford to buy a house and would drive them out, but people who already had houses made money because of it.
I have three houses in total. I sold one for sale last year and the other one for rent. It is still the peak tourist season and the daily rental business is good. When it gets cold, I will try to lower the price and rent it to others for a long time.
South Korea, almost half of the Monterey Peninsula is yours. What measures will be introduced after this acquisition, such as canceling the toll station and reducing the cost of playing ball?
I can only go to the mountain court in the distance. Pebble Beach is too expensive. It will cost me three days of salary to play golf once.”
The old man rushed over to explore Han Xuan's words. Now he has become half of the owner of Monterey Bay, and his approach will have a great impact on the surrounding areas.
Han Xuan blinked and said to the old mayor Chester: "If you sell me the painting by Zhang Daqian, I will tell you, but you should be able to guess that I am not a philanthropist, and doing that will not be good for me."
"It is my favorite thing. Zhang Daqian lived in our Monterey Bay. I thought of a lot of ways to get a painting of his. It has appreciated a lot over the years... Give me a house and I will exchange it for you."
As he talked, the topic changed and he really planned to sell it. Zhang Daqian settled in this neighborhood for several years. Old Chester knew him and had a painting of him. This was told by Butler Elner.
At that time, a native of Baodao paid Zhang Daqian's trash can all day long and sent it to Los Angeles and San Francisco for sale, so he made a fortune.
After the incident spread, people realized that his works were valuable. At that time, the mayor of Old Chester was already the mayor, and he had been slapping for a long time. He needed a painting from his hands.
Every time I see an old man, I will mention this matter. Old Chester used to be unwilling to sell it, but now he has suddenly changed his temper. This made Han Xuan a little puzzled and asked him: "What houses do you think you just developed?
A painting by Zhang Daqian is not as valuable as those villas, you should know."
"Well, I used to have no confidence in the Japanese, but I have confidence in you. You must have a way to sell those houses that I can't sell, right?
I think the property here will definitely appreciate in the future, so I want to invest in you, add another 100,000 US dollars to buy a smallest villa, is it enough?"
"Eilner, look, someone came to buy a house just after the acquisition, so you don't have to worry about me losing money."
Han Xuan turned his head and said to the old housekeeper that when he was having dinner, Elner expressed concern about the empty houses, and then said, "Take me the painting first. If you are satisfied, even if you don't have to pay, I will exchange a house for you."
Old Chester mayor asked: "What are you going to do?
The price of houses is a bit high now, and many people are unwilling to buy them. A few years ago, when I heard about the plan to develop 800 villas, I knew that he would definitely lose money.
Because the transaction volume of nearby houses is only about twenty units a year, most of the people who bought houses from him were rich in Japan.”
"Scarce things are expensive, but few houses are therefore expensive.
A dozen kilometers away, there are enough houses, which are not saturated yet, but it will be crowded. I will not plan to continue to develop here within twenty years, and there are only so many.
Therefore, the 672 houses are all limited editions, and Pebble Beach will not be developed in the short term, and the surrounding population will remain at around 6,000.
I plan to sell a batch of products at a low price within the company. They should be interested. Those business partners can also get discounts on buying houses from me. There are still about 400 units left, and the prices are a little higher than now, especially houses near the beach."
"...Smart, you have thought about it a long time ago, right?
Even if the Japanese want to do this, they will not have the terrifying influence of you. If you attract some celebrities to come over, the prices will definitely soar. There is only more than 600 houses, so there is no need to worry at all.
Wait, I'll show you the painting now!"
"Let's wait for the evening, come here for dinner tonight, we are now ready to go out.
By the way, if I want to advertise, can I borrow the radio from the town?”
“What ads?”
“Golf course member.”
"One million dollars per bill?"
"Of course it's not that high, and long flowing is the best way.
It is divided into grades, with a minimum of USD 50,000 per year, and you can stay in a hotel for two months for free. The higher the membership level, the better the room, and the longer the free stay.
As for those who spent a million dollars to buy membership cards in the past, they could live in villas and play ball on private golf courses. I would also buy a few small yachts for them to use for free.
In this way, there are only 300 houses for sale, and 100 houses are left for rent..."
In fact, the two Japanese people had the business idea in these places before, but unfortunately they were Japanese and they didn’t plan it well.
If Xiong Takaya Minor planned to sell 10,000 membership cards, each sold for 100,000 US dollars, he would definitely not have sold only more than 60 copies in a few years.
It is normal to lose money when you plan to scrape the land as soon as you come. Han Xuan has asked someone to conduct a survey among the rich and formulated a detailed plan. He did not intend to make too much money at once, but the victory is stability.
After chatting with the old mayor Chester for a while, he walked away happily. Han Xuan and the others also set out. After seeing the short bay, they visited the empty houses for sale.
Then I went to several golf courses and felt that the three resorts were a bit old, so I asked Carl, the head of Pebble Beach Company, to find someone to renovate them.
Pebble Beach Links Golf Course is well-known for its reason. When we came here, we were full of classic cars. Now the empty course is particularly charming, with the sea, green grass, woods, hills, and small lakes, perfectly combined.
The weather has been good recently, and many people are playing golf here. Next to it is the blue sea and there are several rows of yachts parked next to the pier.
Along the way, nearly twenty kilometers were Han Xuan’s land, and it took two hours to patrol.
It takes a long time to integrate the industry and re-plan it to get here back on track. I chatted with a group of company executives about the future. They got into the car and went to Monterey Town.
Chapter completed!