In Phoenix, the host of the financial program helped everyone raise this question.
According to Wang Jianlin, Wanda has completed 5 million square meters every year, opened more than 20 squares and a dozen hotels. This figure has to be admired. So where did Wanda get so much money?
Next, Wang Jianlin answered for us: Wanda only needs to invest 20% of the money to make a square, which is mainly used to buy land. After buying the land, it can get a bank loan. The sum of the two accounts for only 50% of the total investment, but the money is enough to build the property to the point where it can be sold, and at least 50% of the remaining money comes from pre-sale.
If the overall cost is several hundred million, then the property can be mortgaged.
The development of Wanda is generally a set of models, so Wanda is getting bigger and bigger. I have to say, it is still the people of our country. Without the support of pre-sale, Wanda could not develop at all.
Wang Jianlin also said: If Wanda Property has a project with an area of 200,000 square meters and a cost of 1 billion, the net profit I am developing now is 700 million, which is 300 million short. At this time, Wanda Property can operate mortgage loans and gain considerable financial strength. Why is Wanda developing so fast? First, we have created an independent business model that combines real estate and real estate development. Second, Wanda has a huge amount of real estate in its account every year, and some loans can be mortgaged, thus obtaining greater cash flow. The more buildings are completed, the stronger Wanda's mortgage ability will be. Combining these two reasons, Wanda will develop at a fabulous speed!