The rebirth of the Hong Kong Island chaebol, starting with a short-selling Eagle Sauce

The elders of the Ross family were hesitant.

Many people think that what Akhben said makes sense. House prices in Hong Kong City are still falling, while house prices in the United States have soared due to the slump in the U.S. stock market and the sharp drop in interest rates.

Moreover, the Federal Reserve continues to cut interest rates in order to avoid a recession caused by the Internet bubble and plane crashes.

They knew that if they missed this opportunity, their Ross family would miss the opportunity to rise again.

Yes, now the clan elders have to admit that the Ross family is in decline. The young people in the clan are no longer proud of their family and feel that this identity has become a constraint.

This is not a good sign. If you continue to watch the family decline, the most difficult thing to avoid is falling apart.

There are many family funds. Once the family is separated, they will be regarded as small rich people at best.

If the silence continued, or they chose to chase the wind, the elders fell into deep thought.

At this moment, the Federal Reserve decided to cut interest rates again, from 3.21% to 2.11%!

The interest rate is so low that it costs almost nothing to borrow money from the bank.

The Federal Reserve also sent a signal to continue to release money, and bankers began to advocate "adjustable rate mortgages."

The so-called adjustable rate mortgage means that the interest rate for people to buy a house will adjust as the federal funds rate adjusts.

If the federal funds rate is lowered again, so will people’s monthly payments!

Seeing all this, the elders can no longer sit still. They urgently need money to expand the real estate market in the United States. Now selling the Lantau Island project is their biggest choice.

In this way, not only can we get rid of this huge mess, but we can also recover a sum of money and invest it in the real estate trend of the beautiful country.

This made them unable to help but praise Akhben:

"Akhben, your decision is right. We support your sale of the Lantau Island project."

The old master couldn’t help but ask:

"HK$850 billion is not a small amount. Can you find a suitable buyer?"

Akhben smiled and said:

"I plan to sell it to Wang Real Estate!"

The elders of the clan didn't think much about this, and even clapped their hands and cheered:

"Humph, they have screwed us over, and we should let them pay the bill now."

The head of the family also thinks it is a good idea to hand over the mess to Wang Real Estate, but will the Wang family be stupid enough to take over this hot potato?

Do they know that Wang Real Estate owes a lot of money in the United States, but they still have money to take over the Lantau Island project?

Two in a row were thrown to Akhben.

Aheben vaguely guessed some of Wang Lei's thoughts, but she couldn't tell the elders frankly.

"They probably initiated the acquisition with the intention of buying a bargain on Lantau Island."

The elders sneered:

"Judging from the housing market environment in Hong Kong City, they want to wait for a new bull market, which may take more than ten years. Let them buy, and we will go to the beautiful country to make money."

Wang Lei couldn't help laughing after hearing Akhben's report.

This group of people misjudged the housing market decline cycle in Hong Kong City. In fact, the sharp decline in housing prices in Hong Kong City only lasted for 97 years starting in 6.

The lowest point appeared in June 2003, HK$6/square meter.

In 2005, it exceeded 10+ (115358 Hong Kong dollars/square meter).

In 2007, it rose to HK$150718/square meter, surpassing the peak in 1997.

Therefore, Wang Lei felt that the elders of the Ross family were a bit short-sighted, no wonder they made many mistakes.

The White Dragon Consortium has made successive moves to buy back projects on Lantau Island.

When Charles heard that Wang Lei wanted to buy the land in his hands, he almost regarded him as his savior.

The Lantau Peninsula project has become a famous unfinished project in Hong Kong City, and others have avoided it. Wang Lei is willing to take over, and he can't wait to give Wang Lei two opportunities.

The Lantau Peninsula project originally sold for HK$3400 billion was redeemed by Wang Lei for HK$1700 billion a few years later.

People in Hong Kong made a calculation for Wang and his son. After receiving the 3400 billion in cash, the Wang Group used it to buy the bottom during the stock market crash. Although the real estate market has not been booming in recent years, Hong Kong stock prices have been rising.

Especially after the Internet bubble broke out in the beautiful country, Hong Kong City, as one of the world's financial centers, became a safe haven for many international funds.

The Wangs and their sons invested tens of billions of dollars in bargain hunting, and now the market value has more than doubled.

Now only HK$1700 billion has been spent to redeem the Lantau Island project. Anyone with a discerning eye knows that the Wangs and his sons have made a good deal.

Turn the gringo around.

The pace of buying by the Bailong Consortium did not stop, and it spent another HK$1000 billion to take back luxury housing projects on the seaside of Lantau Island.

In Wang Lei's eyes, this luxury project is even more important than the peninsula project on Lantau Island.

In the future, the prices of luxury houses in Hong Kong City will skyrocket as mainland wealthy people rush to buy them. It will not be a problem for top luxury houses to sell for 90 per square meter.

The successive buying actions made everyone in Hong Kong realize that the Wang family was buying the bottom of the Hong Kong real estate market.

This series of actions has given confidence to peers in the industry, and has given Hong Kong people confidence that the housing market will pick up.

House prices soared in response.

Wang Lei also didn't expect that he and his father would have such great appeal among the public, causing the housing market to pick up ahead of schedule.

The Ross family and Dongdu Company, which had just completed the handover procedures, were so envious that they separated.

If they had not already signed the contract and completed the business replacement procedures, they would really want to regret the deal they made.

In order to stimulate housing prices, real estate developers in Hong Kong City made a big deal about the transaction between Wang and his son, with vivid details, as if they were watching the Wang and his son teasing foreigners.

They praised Wang Lei as an investment genius. He could recite poetry at the age of three, make objections at the age of six, and participate in the family business at the age of ten...

Wang Lei couldn't help but blush after seeing these tabloids.

Second Young Master Li even went out of his way to humiliate Wang Lei with a newspaper.

"Shitou, look at this street stall magazine. It actually says that you were influenced by Uncle Wang's business in your mother's womb. As soon as you were born..."

"Li Er, believe it or not, I made you miss an opportunity to be richer than your father?"

Is he worth more than my dad?

Second Young Master Li thought Wang Lei was joking with him:

"I probably won't be able to catch up with dad in this life. Shitou, please stop stimulating me with this."

He obviously didn't realize the seriousness of the matter.

Wang Lei smiled:

"Seriously, I really have a way to make you richer than Li Qian, the richest man."

Second Young Master Li would not take it seriously when others said this, but the person who spoke was Wang Lei.

Li Er was suddenly surprised when he saw that Wang Lei didn't look like he was joking:

"Do you have any way to help your brother get rich?"

"Of course, but you have to think about it."

Facing the good brother who asked for benefits, Mr. Li whispered:

"I think Wang Duoxin is a good kid. Otherwise, I'll let you take advantage and marry my sweetheart to your Wang family."