The perfect future of rebirth

Soon, Hu Donghai parked the car at the door of the residence.

"Well, do you want to buy a few more houses?"

After getting out of the car, Zhao Fusheng looked around and said to himself.

To be honest, besides the well-developed entertainment and game industries in South Korea, Zhao Fusheng really doesn't think there are any industries in South Korea that have investment value.

But real estate is a thing, after all, there is no harm.

It is also very strange to say that although the economic situation in South Korea has been getting worse and worse in recent years, the housing prices have been getting higher and higher, which is a bit surprising.

In Zhao Fusheng's view, if he bought a few more buildings in Seoul, he would earn a lot of money every year just by collecting rent.

If you think about it carefully, it is quite feasible.

Chapter 90 Crazy Decisions

For Roh Moo-hyun, Zhao Fusheng still admires him very much. He graduated from high school, became a human rights lawyer, and finally became the president of South Korea. It is a legend.

But some things can't be changed just because someone's character is good.

The reason for President Lu's downfall was that he raised the butcher's knife to the real estate industry, the private land of the chaebols.

You must know that the development of South Korea's real estate industry has an important connection with their domestic economic development.

The miracle of the Han River, which was known as the proof of South Korea's economic take-off, was actually a major project in South Korea's real estate development.After that, South Korea really began to embark on the road to take off as the four Asian tigers.

Zhao Fusheng's residence.

"Chairman, I will follow you these days. If you need anything, you can tell me."

A woman in a suit and leather shoes stood beside Zhao Fusheng and said.

That's right, a woman in a suit and leather shoes.

"You speak Chinese well, Miss Park Sun-young."

Zhao Fusheng smiled and said to her.

"You complimented me."

Park Sun Young replied respectfully.

She is the head of the secretary office of Han Xing Investment, and she can also be regarded as Liang Jingyu's confidant. She was sent here because she naturally hoped to serve Zhao Fusheng well.

Regarding this boss, Pu Shanying knew the other party's information. After all, as her own boss, Liang Jingyu had mentioned Zhao Fusheng's name more than once before, so she specifically went to check Zhao Fusheng's information.

Then, she was stunned!

Gold Medal Planning!

Start from scratch!

Net worth tens of billions!

Every piece of information surprised Park Sun Young, and she even felt that she was watching a legendary movie.

Under the age of 30, with a net worth of hundreds of billions of won, this completely impacted Park Sun Young's inner worldview!

Therefore, when facing Zhao Fusheng, she was really nervous.

"Miss Park, please collect the information on the real estate market in Seoul in recent years. I want to have a look." Zhao Fusheng smiled and said kindly to Park Sunying.

"Ah, okay."

Hearing Zhao Fusheng's words, Pu Shanying nodded quickly.

Seeing her flustered look, Zhao Fusheng shook his head: "Don't be nervous, I usually don't have any demands, you don't have to worry."

As he spoke, he went straight in.

........................

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After another day, Zhao Fusheng got the information sent by Pu Shanying.

In fact, like China, South Korea has many people but land is tight, but judging from the latest population density statistics, South Korea's population density is nearly three times that of China.

The shortage of land determines that the supply elasticity of South Korea's real estate industry is low, and the demand elasticity is high. South Korea has experienced rapid economic growth, population boom and large-scale urbanization in the past few decades, so the demand for the real estate industry has exploded Sexual growth has pushed South Korea's housing prices soaring all the way

After decades of skyrocketing housing prices, the South Korean government, on the basis of the original real estate control policy, also introduced tax and fee reforms for real estate ownership such as property tax.The implementation of property tax has increased the cost of owners of multiple suites, increased the supply of the real estate market to a certain extent, and eased the upward pressure on house purchases.

Since [-], the policy has shifted from support to controlling the real estate bubble. The Roh Moo-hyun government at that time introduced a series of measures to curb housing prices.

Just at the beginning of this year, the Roh Moo-hyun government once again raised the capital gains tax to 60.00%. However, the new policy not only did not curb the high housing prices, but the housing prices remained high.

In particular, the increase in capital gains tax has made people who own multiple houses prefer to pay high personal real estate taxes rather than sell their houses easily.The reduction in the number of houses traded has also contributed to the rapid rise of house prices from another perspective. From 13.00 to 20.00, the average house price in South Korea rose by [-]%, and the house price in Seoul increased by more than [-]%.

South Korea's economic growth slowed down and urbanization was basically completed. At the end of [-], South Korea's real estate entered a low-speed growth stage again. No more explosive growth

So far, the general rise is absent, the regional differentiation is obvious, and the real estate bubble risk still exists. However, in the absence of investment opportunities in the real economy, the South Korean real estate market is still at a high level. Of course, their policies for real estate developers are also quite interesting: invest in South Korean real estate And tourism, as long as the scale exceeds 2000 million US dollars, investors can enjoy up to seven years of income tax relief, and at the same time, the purchase price of land will be much more favorable

In recent years, China's investment in South Korea has increased by 80.00%, which is concentrated in real estate, finance, wholesale and retail in the tertiary industry. Over the past few years, foreign investors have participated in more than half of South Korea's commercial real estate transactions. This is the first time in recent history .

At present, the trend of Huaxia immigrating to South Korea in the form of investing in real estate is not significant. Although there is an upward trend, due to the increasingly stringent requirements for overseas immigration, it has always been suppressed within a controllable range

Zhao Fusheng is not clear about the pros and cons of many specific Korean real estate projects, but in Zhao Fusheng's view, it is undoubtedly very risky for their more interesting housing price fluctuations and serious series of control policies.

In other words, if the current situation continues, it is very likely that there will be another real estate bubble in the end.

Of course, this has nothing to do with Zhao Fusheng.

"According to our survey data, housing prices in Seoul have begun to decline in the past two months."

Standing in front of Zhao Fusheng, Pu Shanying said cautiously.

"This is just the beginning."

Zhao Fusheng said lightly.

Judging from the information that Park Sun Young brought to herself, housing prices in Seoul, or to be more precise, the entire real estate industry in South Korea, has begun to collapse.

Despite being a developed country, South Korea's economic development has slowed down, but housing prices are still high. Such a result will inevitably cause social instability.

Even though Roh Moo-hyun tried his best to carry out some reforms against the chaebol, but in the face of the powerful chaebol power, it is still a drop in the bucket.

Sighing, Zhao Fusheng came up with a few articles he had read later in his mind. He had to admit that Roh Moo-hyun is a good person, but his character or thinking is not suitable for being a president.