Xu Rongmao SHIMAO GROUP Part 4

Xu Rongmao to invest 3 billion yuan in Shanghai, Nanjing Road Pedestrian Street high-rise building Puxi first "Shanghai WTO Square." Today, this 333 meters high skyscraper stands in the Huangpu River Bank, as if to tell the world like Xu Rongmao ambitions.

Lujiazui next to "SHIMAO Riverside Garden" pre-sale of flats attracted many competing queuing Allah, the only people completely clear, SHIMAO investment is an out-and-out on the beach into the "real estate speculators." Has an area of 220,000 square meters of the event is expected to be invested over 6 billion yuan, light Chaiqian Fei spent 1.8 billion yuan.

Today, Shanghai Speaking of the industry "luxury apartments" that will "SHIMAO Riverside", six high-rise luxury apartments and one of the 60-storey hotel, 70 percent of the apartment was fully displayed the green Xu Rongmao's investment philosophy, which is currently Shanghai, the most luxurious properties. According to Shanghai, Wu Jiaju valuation, SHIMAO Riverside Garden of the construction cost per square metre and donated equipment and interior decoration, the total price for 10,037 yuan, sales per square metre at an average price of more than 1,600 U.S. dollars.

Faced with the Bund bright lights, and the Oriental Pearl Tower, Jinmao Tower, Shanghai International Convention Center Bijian而立, SHIMAO Riverside Garden is an excellent site, for a time, Xu Rongmao's unique vision and the broad masses of Mitac become the focus of the trade debate. As everyone knows, this can get lots of items and transformation of the old city of Shanghai is not an easy task.

15 million square meters of land reserves

Real estate is a land battle, and Xu Rongmao of the terrible lies ahead of his vision and the decisive shots.

1988, the National People's Congress to amend the draft constitution provides that "the land use rights can transfer in accordance with the law." Xu Rongmao is to seize this opportunity and develop the first commercial use in the project. Subsequently, Xu Rongmao a series of "combination of boxing," he laid the real estate industry in China's important position.

In recent years, Xu Rongmao in Kunshan, Nanjing, Wuhan, Fuzhou, and other areas of the hand, the project up to more than 10. At the same time, he also stepped up the pace of the western region, and vision invested abroad, the first in Russia to develop two projects.

In July of this year, Xu Rongmao's real estate SHIMAO successful listing in Hong Kong to issue Hong Kong dollar 6.8425 per share of 6.25 billion new shares, together with the private placement in March this year, 1.58 billion Hong Kong dollar, the total financing of about 5.9 billion Hong Kong dollar. First half of this year, SHIMAO real estate performance is outstanding, net profit rose 130 percent to 703.6 million Hong Kong dollar. At present, SHIMAO real estate owned land reserves of 15 million square meters. He boarded the 16 billion yuan worth in 2006 Hurun Report list of the location of section 4, 2006 magazine is the top list of real estate tycoons.

"When a person has some wealth, think of to contribute to the community. As a community member should contribute more to society force." Xu Rongmao had this to the media about the wealth of their own. According to statistics magazine, 2005, Xu Rongmao to around Charity contributions of up to 77 million yuan.