The rebirth of the Hong Kong Island chaebol, starting with a short-selling Eagle Sauce
Chapter 362 Wang Lei wants to buy back the Lantau Island project
The current head of the family is so old that his teeth are almost falling out.
He is two full generations older than Akhben.
But now he had to persuade Akhben to take over some of his work.
If it had been any other family member, he would have taken over in the morning, but Akhben didn't seem to be moved at all.
"Akhben, as long as you train under me for a few years, I will definitely recommend you to take over my position."
What he said was a solemn vow, but what he was greeted with was Akhben's secret smile.
However, she already had the authority she wanted, so naturally she would no longer be pretending to be polite to the other party.
"Okay, for your sake, I just agree to take over their work."
Hearing this, the old patriarch couldn't help but breathe a sigh of relief. Although he was greedy for power, he didn't want to die early.
After Akhben left, the clan elders started talking again.
"Do you really want a woman to be the future head of the family?"
"Yes, I'm afraid it will be difficult to convince everyone if she is made the head of the family."
The old head of the family smiled like an old fox:
"I have another preparation for this. I asked someone to contact Kembauer. Although this guy is a bit stupid, there are few young people in the family who can suppress Akhben.
If Akhben disobeys, we will support Klumbauer and compete with her in the ring. Whoever listens to us elders more, we will choose to be the head of the family! "
The elders of all clans think this idea is wonderful. What they want is not the most profitable, but the most obedient.
On the way back, Akhben immediately revealed his true colors.
She finally took a big step towards becoming the head of the family, and the power she obtained from the clan elders was something she had never dared to imagine before.
She chose to share such a happy thing with Wang Lei immediately.
She knew very well that the current victory was not due to her alone, but to Wang Lei who silently contributed behind the scenes.
"Congratulations, Akhben, but I would rather you focus on Austin."
Akhben was also full of apologies to Austin, she said:
"I have convinced the old man to send him to the private school you invested in. Will he meet his other brothers in the school?"
"I don't want them to meet so early. Maybe if they don't meet, there won't be so many conflicts. Don't worry, this private school will give Austin the best education."
Akhben wanted to ask a few more questions, but was interrupted by Wang Lei:
"Now that you have obtained the power you want, can you fulfill your promise?"
Hearing this, Akhben couldn't help but complain:
"You are such an uninteresting guy. Tell me, what do you want me to do?"
“Sell me the Ross family’s project on Lantau Island.”
There was a long silence on the other end of the phone, and Akhben struggled briefly.
She is very clear about the importance of the Lantau Island project to the Ross family. The Ross family has held it in their hands for so long because they want to wait for the day when the real estate industry in Hong Kong City picks up.
"Lee, your idea is not realistic. The Lantau Island Peninsula project is not for sale to the Ross family. This matter is not something I can decide."
Wang Lei said disdainfully:
"Whether to sell or not is not something that the Ross family can decide. I can let all the small houses in Hong Kong City be sold at a 7% discount starting tomorrow..."
Hearing this, Akhben couldn't help but show a cautious expression.
She has never doubted Wang Lei's ability to control housing prices in Hong Kong City. Wang Lei has recently become very close to people from the four major families.
Wang Zhengyi is the chairman of the Hong Kong City Real Estate Association. He works hard in Hong Kong City, so he has to give some face to the Wang family.
If house prices in Hong Kong City are really discounted by another [-]%, their Lantau Island half-city project will be the first to fall, simply because the land price is the highest.
Akhben was not an indecisive woman. She responded:
"Okay, even if I advocate selling the Lantau Island project, there must be a reason."
"That's not easy..."
2001 9 Month 11 Day.
Today is destined to be a good day that goes down in history.
Because of the Rockefeller Center run by Li Qilin, the revenue has exceeded the historic mark again.
Li Qilin lived up to Wang Lei's expectations. After the Rockefeller Building was transformed into a tourist destination, the commercial center that had been depressed by the Sakura people finally prospered again.
Seeing Wang Lei come for a rare inspection, Li Qilin proudly introduced his achievements to Wang Lei:
"When we took over the nine buildings from Mitsubishi Estate, the rent was only US$9 per square foot, and the vacancy rate was as high as 40%."
“But after our management reform, the rent has risen to US$100 per square foot, and the vacancy rate is less than 10%. It only took us five years to recover US$7 million in costs and reverse the center’s loss-making situation. "
In this regard, Wang Lei also nodded, Rockefeller Center is indeed a good deal.
The Internet bubble caused investors to turn their attention to real estate in the beautiful country. In recent years, real estate prices have continued to rise.
The excellent management of Rockefeller Center has made it a favorite among many people.
The most recent offer was around US$15 billion, but Wang Lei rejected the sale.
He held it in his hands for so long, not just to make hundreds of millions of profits.
Only he knows how crazy the Fed’s interest rate cuts will be after today. In order to prevent economic recession, the beautiful Congress has entered the era of negative real interest rates!
The era of negative interest rates will further stimulate people to transfer funds to real estate, and countless real estate speculators will be born. They will use mortgage loans to borrow as much money as possible from banks, and then invest their money in the real estate market.
Crazy real estate speculators, the connivance of banking institutions, and the inaction of the Federal Reserve will make housing prices reach incredible levels.
Wang Real Estate is also a participant in this feast. After years of planning, they will become one of the largest real estate developers in the beautiful country.
If their plan succeeds, the funds cashed out by Wang Real Estate will not be less than what the White Dragon Consortium made when they shorted Sakura Country.
This is Wang Zhengyi’s gamble of the century.
Just when Wang Lei was deep in thought, Li Qilin interrupted his thoughts:
"Boss, there is a real estate agent who wants to see you."
"Who?"
Li Qilin looked strange and hesitantly said:
"It's Donald. He is quite famous in the real estate industry in the United States."
Being famous here is not a compliment.
Wang Lei suddenly realized it and said with a smile:
"It's him, where is he?"
He is two full generations older than Akhben.
But now he had to persuade Akhben to take over some of his work.
If it had been any other family member, he would have taken over in the morning, but Akhben didn't seem to be moved at all.
"Akhben, as long as you train under me for a few years, I will definitely recommend you to take over my position."
What he said was a solemn vow, but what he was greeted with was Akhben's secret smile.
However, she already had the authority she wanted, so naturally she would no longer be pretending to be polite to the other party.
"Okay, for your sake, I just agree to take over their work."
Hearing this, the old patriarch couldn't help but breathe a sigh of relief. Although he was greedy for power, he didn't want to die early.
After Akhben left, the clan elders started talking again.
"Do you really want a woman to be the future head of the family?"
"Yes, I'm afraid it will be difficult to convince everyone if she is made the head of the family."
The old head of the family smiled like an old fox:
"I have another preparation for this. I asked someone to contact Kembauer. Although this guy is a bit stupid, there are few young people in the family who can suppress Akhben.
If Akhben disobeys, we will support Klumbauer and compete with her in the ring. Whoever listens to us elders more, we will choose to be the head of the family! "
The elders of all clans think this idea is wonderful. What they want is not the most profitable, but the most obedient.
On the way back, Akhben immediately revealed his true colors.
She finally took a big step towards becoming the head of the family, and the power she obtained from the clan elders was something she had never dared to imagine before.
She chose to share such a happy thing with Wang Lei immediately.
She knew very well that the current victory was not due to her alone, but to Wang Lei who silently contributed behind the scenes.
"Congratulations, Akhben, but I would rather you focus on Austin."
Akhben was also full of apologies to Austin, she said:
"I have convinced the old man to send him to the private school you invested in. Will he meet his other brothers in the school?"
"I don't want them to meet so early. Maybe if they don't meet, there won't be so many conflicts. Don't worry, this private school will give Austin the best education."
Akhben wanted to ask a few more questions, but was interrupted by Wang Lei:
"Now that you have obtained the power you want, can you fulfill your promise?"
Hearing this, Akhben couldn't help but complain:
"You are such an uninteresting guy. Tell me, what do you want me to do?"
“Sell me the Ross family’s project on Lantau Island.”
There was a long silence on the other end of the phone, and Akhben struggled briefly.
She is very clear about the importance of the Lantau Island project to the Ross family. The Ross family has held it in their hands for so long because they want to wait for the day when the real estate industry in Hong Kong City picks up.
"Lee, your idea is not realistic. The Lantau Island Peninsula project is not for sale to the Ross family. This matter is not something I can decide."
Wang Lei said disdainfully:
"Whether to sell or not is not something that the Ross family can decide. I can let all the small houses in Hong Kong City be sold at a 7% discount starting tomorrow..."
Hearing this, Akhben couldn't help but show a cautious expression.
She has never doubted Wang Lei's ability to control housing prices in Hong Kong City. Wang Lei has recently become very close to people from the four major families.
Wang Zhengyi is the chairman of the Hong Kong City Real Estate Association. He works hard in Hong Kong City, so he has to give some face to the Wang family.
If house prices in Hong Kong City are really discounted by another [-]%, their Lantau Island half-city project will be the first to fall, simply because the land price is the highest.
Akhben was not an indecisive woman. She responded:
"Okay, even if I advocate selling the Lantau Island project, there must be a reason."
"That's not easy..."
2001 9 Month 11 Day.
Today is destined to be a good day that goes down in history.
Because of the Rockefeller Center run by Li Qilin, the revenue has exceeded the historic mark again.
Li Qilin lived up to Wang Lei's expectations. After the Rockefeller Building was transformed into a tourist destination, the commercial center that had been depressed by the Sakura people finally prospered again.
Seeing Wang Lei come for a rare inspection, Li Qilin proudly introduced his achievements to Wang Lei:
"When we took over the nine buildings from Mitsubishi Estate, the rent was only US$9 per square foot, and the vacancy rate was as high as 40%."
“But after our management reform, the rent has risen to US$100 per square foot, and the vacancy rate is less than 10%. It only took us five years to recover US$7 million in costs and reverse the center’s loss-making situation. "
In this regard, Wang Lei also nodded, Rockefeller Center is indeed a good deal.
The Internet bubble caused investors to turn their attention to real estate in the beautiful country. In recent years, real estate prices have continued to rise.
The excellent management of Rockefeller Center has made it a favorite among many people.
The most recent offer was around US$15 billion, but Wang Lei rejected the sale.
He held it in his hands for so long, not just to make hundreds of millions of profits.
Only he knows how crazy the Fed’s interest rate cuts will be after today. In order to prevent economic recession, the beautiful Congress has entered the era of negative real interest rates!
The era of negative interest rates will further stimulate people to transfer funds to real estate, and countless real estate speculators will be born. They will use mortgage loans to borrow as much money as possible from banks, and then invest their money in the real estate market.
Crazy real estate speculators, the connivance of banking institutions, and the inaction of the Federal Reserve will make housing prices reach incredible levels.
Wang Real Estate is also a participant in this feast. After years of planning, they will become one of the largest real estate developers in the beautiful country.
If their plan succeeds, the funds cashed out by Wang Real Estate will not be less than what the White Dragon Consortium made when they shorted Sakura Country.
This is Wang Zhengyi’s gamble of the century.
Just when Wang Lei was deep in thought, Li Qilin interrupted his thoughts:
"Boss, there is a real estate agent who wants to see you."
"Who?"
Li Qilin looked strange and hesitantly said:
"It's Donald. He is quite famous in the real estate industry in the United States."
Being famous here is not a compliment.
Wang Lei suddenly realized it and said with a smile:
"It's him, where is he?"
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