18. A stepping stone for the future (4)
Ironically, my first memory of the auction was from Jung Min-ho, the actual background to Park Min-cheol’s gang.
In my third year of high school.
At that time, bullying was commonplace.
He was taken by Park Min-cheol’s gang who were going to smoke, and while they were smoking, he hit his head on the hard floor and backed away. My body was shaking. Barely three minutes had passed and sweat was dripping from their heads, but Park Min-cheol’s gang chatted among themselves without paying any attention to Kim Hyun-seong.
Minho Jeong said.
“Hey, you know it’s an auction, right?”
“Auction? “Is it something like winning a bid?”
“Ugh, you idiots. “How can you make a living when the world is so dark?”
“Damn.”
Park Min-cheol chuckled next to him.
They often talked nonsense like this.
“Actually, my mom is very interested in auctions, right? But this time, a really nice piece of land came up for auction, so I tried to win it. Did she say it was worth 500 million? Normally, in an auction, the price drops every time the bid fails, but I think my mom tried to get it right away by spending 2 billion with the Heart of the Beast. “What do you think would have happened if it were you?”
“I must have won the bid unconditionally. “They said they would buy a 500 million dollar item for 2 billion, but there was no way they would fail in the bid.”
“yes? That’s common sense. But that 500 million won piece of land was sold for a whopping 10 billion won.”
“Eh?”
Everyone’s eyes widened.
It didn’t make sense in common sense.
500 million is obviously a lot of money, but how can anyone buy it for 20 times more?
Kang Chang-seok said bluntly.
“Isn’t this some sort of fraud?”
“I said it couldn’t be a fraud. In the first place, the auction is conducted in a court run by the government, so how can one commit fraud? So I listened to what her mom said, and although it was a really bold choice, it didn’t make any sense. Actually, it’s just a shame that I’m not big enough to use it like that, but I heard the winning bidder will get it for 10 billion won and make a lot more money than that?”
“That’s the way it is. “I know your parents are rich in real estate, but I have no idea what they’re talking about.”
“yes?”
Jung Min-ho chuckled.
The reason I bothered to talk about the auction was not simply because it was fascinating.
Friends’ reactions.
It was funny to see his eyes widen and amazed at 10 billion.
Should I call it a feeling of relative superiority?
In the space of high school, they let go of their backgrounds and became friends, but Jung Min-ho knew very well how different life would be after graduation. Park Min-cheol? Kang Chang-seok? Cho Yong-taek? Since they have no interest in studying, they will go through lows in life, but they will definitely live a successful life thanks to their parents.
The wanderings of my high school days.
It’s just a pastime for those who have it.
Jung Min-ho puffed on his cigarette and curled the corners of his mouth.
“I do not know. “I wonder what my parents are thinking.”
* * *
2000% successful bid.
It was a huge topic at the time.
Kim Hyun-seong listened to the story with his head down and trembling, but he did not show much interest. At that time, Kim Hyun-seong did not listen to what was going on in the world. Just enduring the bullying consumed a lot of his mental strength, and he poured all his attention into preparing for the upcoming college entrance exam.
I discovered the truth about auctions by chance.
Kim Hyun-seong was studying and working part-time at the same time, and during a break, the president was watching the issue through a video platform called ‘YouTube.’ Was it because I heard it at least briefly from Jung Min-ho? Kim Hyun-seong naturally had no choice but to listen.
[It’s really frustrating for everyone. For people who don’t know much about auctions or real estate, a 2000% winning bid may seem absurd. But if you know the truth, it’s definitely not true. Just take a look. The land in question is a natural green area, and the market price is about 3 to 4 million won per pyeong (1,000 pyeong). Isn’t it strange already? On the auction site, this land is listed for 500 million won, which means that based on the current market price alone, the land can be fetched 300-400 million won. Why? It’s in the auction system itself.]
The sound was quite loud.
Thanks to this, Kim Hyun-seong was able to hear the entire contents even from a distance.
[In the auction system, the appraiser selects the winning bid based on the current market price at the time of the auction. This clearly means that land, which was priced at 500,000 won per pyeong at the time, rose more than six times while the auction began in earnest. also! Those of you who are astute will immediately know what I mean. There was a huge development boom that raised land prices around this land. Originally, this land was not very attractive because it was a bit far from the city, but it was the middle of last year. A succession of positive development developments occurred. The first news is that the government is moving major ministries to nearby Sejong City, the second news is that a large-scale industrial complex will be built near the middle of Sejong and Daesan, and finally, after a part of this land has been appropriated for a road, the second news is that The third piece of news was that the road was connected to a ‘highway’. To explain it all, the influx of population into Sejong, the influx of population into the industrial complex, and the ‘land’ conveniently connected to the road were put up for auction, resulting in a truly crazy winning bid of 2000%.]
The president frowned slightly.
Even with the YouTuber’s thorough explanation, he didn’t seem to understand.
“Still, the winning bid price makes no sense. “What kind of crazy person would get 4 billion won worth of land for 10 billion won?”
timely.
A Youtuber also spoke about the same topic.
[Yes, that’s right. As many viewers pointed out in the chat, it is incomprehensible that this land was sold for 10 billion won, no matter how good the development potential may be. Let me tell you in advance, the person who purchased this land is a ‘construction corporation.’ Why did they win this bid? Of course, it’s for building buildings. There are not many options when it comes to natural green space, but there is actually a secret behind it that not many real estate experts know about.]
That information.
In fact, there was nothing special on the real estate floor.
Most people knew the truth, but whether they had enough cash and courage to pay the winning bid price of 10 billion won without a loan was the difference between success and failure.
last.
A single truth completed the value of 10 billion.
[The secret is… … .]
* * *
Go Chang-beom asked.
“Is that really true?”
“yes.”
He looked a little surprised.
Kim Hyun-seong said that in the future, major ministries will move to Sejong, industrial complexes will be built, and roads will be developed around the land. Even now, this was an unconfirmed fact. Even if the story was slowly brewing, it would take at least half a year before it would be made public.
It was information from the future.
If sufficient evidence had not been added, Go Chang-beom would have doubted the source of the information.
Hyunseong Kim said.
“As I said last time in the process of delivering ‘political funds,’ I am currently connected to Rep. Kim Pan-ho. Kim Pan-ho is a big name in the Prosperity Party and knows a lot of things happening in Korea. “He got the information from him.”
“If that’s the case… … .”
He showed a look of admiration.
——————
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When Rep. Kim Pan-ho was first brought in, Go Chang-beom could not help but be astonished by Kim Hyun-sung’s abilities.
Alternative limits could not be estimated.
Just having a high school student intervene in the fight for the successor to Myungjin Construction is remarkable, but Kim Hyun-seong brought in Kim Pan-ho, who is classified as a heavyweight among members of the National Assembly. From then on, my faith in Kim Hyun-seong could only become more solid. Now, I could hardly believe it if they told me that they made meju with red beans.
It was a tightrope walk.
He told Kim Pan-ho that he got the information from Go Chang-beom, and to Go Chang-beom, he said on the contrary that he got it from Kim Pan-ho.
If a face-to-face meeting is created.
Kim Hyun-seong will have to explain the situation.
‘That won’t happen. Kim Pan-ho does not want his relationship with the businessman to be revealed to the surface, so he will only share his opinions through me in order to cut off his tail at any time. I can control the information I give and receive in this relationship.’
The suspicion of the future.
This was solved by blocking information.
And the reason I have been waiting for this property for sale was not simply to make a profit.
“This land. “How about creating a ‘villa complex’ at Myungjin Construction?”
“That… … ?”
“yes. If all the development benefits become reality, there will be no land like this. You can conveniently travel between Sejong City and the industrial complex, and although it is somewhat far from the city, this land was originally included in ‘Daesan City’. And if the road is reorganized, you can reach the major cities of Daesan in just 10 minutes by car, and most importantly, the road directly connected to the highway means that quick access to Seoul is possible. That means it is a land that can attract people. In Sejong, land prices have already risen significantly, so many people will feel burdened, and most people will not prefer industrial complexes where living areas have not yet been created. Then this land. “It is cheaper than Sejong, and you can use the downtown areas of Sejong, industrial complexes, and Daesan, and have a geographical advantage that allows you to get to Seoul quickly.”
“It’s not bad, but how much benefit will there be from building a villa complex on 1,000 pyeong… … ah!”
Moment.
Go Chang-beom widened his eyes.
After hearing the information from Kim Hyun-seong, Go Chang-beom also investigated this land on his own.
Because road-related aspects had already been planned, the only important thing was the exact time of development, but it was something that could be predicted. The relocation of major ministries and the development of industrial complexes are naturally unpredictable. Aside from the previous three, there was one part that Go Chang-beom and his people showed interest in.
“no way.”
“that’s right. The reason this land is truly unique is that even if a portion of the 1,000 pyeong land is accommodated by a road, it appears to be swallowing up the entire road that touches the land. So what happens to the lands behind? Not only is it difficult to access without passing through this land, but construction is impossible on land that is not in contact in the first place. It means that the land of about 20,000 pyeong spreading widely behind 1,000 pyeong is a bare land. You also know Go Chang-beom well. “The land with roads is 500,000 won, but how much is just plain land?”
He twitched and laughed.
Go Chang-beom also knew what he was trying to say.
“Now that no good news has been announced, the person selling the blind paper has no choice but to be the absolute B.”
* * *
land owner.
Na Bong-pil had a reason why he had to give up his land.
It was because of debt.
As his business went bankrupt, he was put in a situation where he had to sell all his assets at auction. Fortunately, he had property inherited from his parents. He kept it a secret from his brothers and persuaded his parents to get it, but quickly put it on the property to put out the fire that had just fallen on his feet.
however.
I received a call within just a few days.
It was a call that someone wanted the land that was expected to be the most unsold among the many properties for sale.
[president. They say they want to proceed at 50 per pyeong, but how? Do you want to sell it?]
“50 per pyeong? Hmm.”
The price was in line with the market price.
The problem was strangely annoying.
Land, especially remote land like this, does not sell quickly.
It’s a problem that requires enough time to be sold, but the fact that the market was immediately popular made it seem like there was a secret in this land that he didn’t know about. Of course, I didn’t know the details. Na Bong-pil only inherited the property from his parents, but did not know much about his real estate.
So I bounced.
Even though it is about to be auctioned off right now, human greed has made people shrewd.
“I think it will be a bit difficult at 50… … .”
[No, the boss put it at 50. But is it difficult?]
“Ah, I don’t know. To put it bluntly, try raising the price even higher.”
Pop.
I hung up.
A few days after that.
I had an anxious time.
Nabongpil was worried about calling again dozens of times a day for fear that he might withdraw his intention to purchase.
By the time all my patience was worn out.
I received a call from a licensed real estate agent.
[president. I’ll be honest with you. The buyer is a businessman from Daesan, and he wants to build a factory there because there is a planned road. ha. Really, cases like this are rare. They say they will give you 100 per pyeong, reflecting the future value, so make a deal right away. If you refuse this offer, you can’t hold on to him anymore. You know. There is a lot of land around.]
“Wait, 100 per pyeong?”
[Yes, please decide quickly. I can’t wait for long.]
My eyes widened.
Even if the market price for the land you own is 50, it takes a long time to find a buyer. I can’t believe they could buy such land so quickly, and for 100 per pyeong. Na Bong-pil shouted at the price, which was twice as much, before he could hang up the phone.
“Okay, I’ll sell it! “Ask him to send you the deposit right now!”
For him.
It was such an attractive offer that I had no choice but to sell it.
fantasy, modern,
