The birth of the Hong Kong Island family

When Lin Zhichao came to Gao Luyun Law Firm, it was a 60-year-old law firm founded by two foreigners.

At present, almost all well-known law firms in Hong Kong were founded by foreigners. Chinese lawyers are listed under the names of these law firms, which is also a win-win situation. The law firms take the lawyers' commissions, and the lawyers use the resources and reputation of the law firms. Therefore, Chinese lawyers may seem to be working part-time, but they are actually very free and proactive.

The front desk stopped Lin Zhichao and asked, "Sir, what can I do for you?"

Lin Zhichao looked at the surroundings casually, and then said calmly: "I would like to discuss cooperation with lawyer Zhou Jianxun. Please make an appointment with him for me."

Seeing that there was no appointment, the front desk continued to ask: "What do you do? What kind of legal consulting services do you need?"

The status of lawyers in Hong Kong is quite high, not to mention that Zhou Jianxun is a well-known Chinese lawyer, and ordinary people are not qualified to discuss cooperation with him.

Lin Zhichao said: "I am the owner of a real estate company, and I would like to hire lawyer Zhou Jianxun as our company's legal advisor. This is my business card!"

He took out a business card he had just printed and handed it to the front desk.

When the receptionist heard about the owner of the real estate company, he looked at the business card and saw that the address was Huarenhang Building, so he immediately said, "Then let me convey it for you. Please sit down for a while."

Lin Zhichao nodded. He came to cooperate rashly, so naturally there was some trouble. However, he believes that he can soon gain the friendship and cooperation of lawyer Zhou Jianxun.

After a while, the front desk came to Lin Zhichao and said: "Lin Sheng, please come this way!"

Lin Zhichao stood up and followed the front desk into Gao Luyun Law Firm. It is normal for the threshold to be high. Law firms in this era originally served the powerful.

When they arrived at Zhou Jianxun's office, the two of them naturally introduced themselves.

Zhou Jianxun is a lawyer about 40 years old. He holds a London lawyer's license and is very famous in the Chinese circle. Lin Zhichao came to him simply because he had heard of his reputation, so he took the initiative to ask for cooperation. After all, he had no better choice.

"Lin Sheng is already the owner of a real estate company at such a young age. It's really amazing!" Zhou Jianxun said politely.

He did not doubt Lin Zhichao's identity. After all, there was no benefit in lying to the lawyer.

"The company has just opened, and I don't understand many things, so I want to ask lawyer Zhou for some legal advice." Lin Zhichao's young face revealed confidence.

When Zhou Jianxun heard that it had just been established, his expression did not change, but he said: "No problem, I happen to be free now, you can briefly talk about the situation."

Lin Zhichao nodded, and began to get straight to the point: "The current property sales are sold as a whole, so can they be sold in strata? The stratified land lease refers to the land lease. If there are 4 floors, each owner occupies 1/4 of the land. For a five-story building, each owner will occupy 1/5 of the land rights, and a separate house deed will be made to explain the rights and interests of each owner. Do you think this approach is feasible?"

Zhou Jianxun was stunned. He thought it was a very simple and ordinary question, but he didn't expect it to be a question that he couldn't answer.

After thinking for a while, he said honestly: "I have never done this kind of land deed!"

Lin Zhichao did not give up, but continued: "Where does this kind of title need to be done? Which department should I apply for? If the 'strata sale' can work, then the property sales in Xiangjiang will not be like a stagnant pool; and Active property transactions mean more funds are entering the real estate industry, so solving the problem of housing shortage in Hong Kong will definitely be a major contribution."

Zhou Jianxun's expression changed at this time, and he said seriously: "Lin Sheng's idea is very good! I'll go to Xintiantu Office and ask if I can register. If there is a result, I will tell you as soon as possible, so as not to affect the operation of your company. "

Lin Zhichao smiled and said: "So, Lawyer Zhou is willing to be our company's legal consultant? Don't worry, I should be able to afford the consulting fee."

Zhou Jianxun also smiled, and said: "It is also a kind of learning for me to come up with such a method. And I am a lawyer, so I am naturally willing to have more business and clients."

Lin Zhichao nodded, and then explained the situation of Changjiang Real Estate.

After hearing this, Zhou Jianxun pondered for a while and said, "Although the method you proposed, Lin Sheng, may work, there are certain risks after all, so I suggest that your company purchase the land after there is news from the Land Office."

Lin Zhichao replied: "Lawyer Zhou, please rest assured that I am still somewhat capable. Stratified sales only mean that my returns may be faster."

"This puts me at ease"

"Thank you Mr. Zhou"

I left Gao Luyun Law Firm in a good mood. In this era, as long as you have real skills, you will definitely be respected by others. Lin Zhichao raised a constructive question, and Zhou Jianxun thought highly of Lin Zhichao. In addition, Lin Zhichao had a good temperament and was very easy to get along with.

ten days later.

Lin Zhichao and Wu Siu-hsu came to Nos. 46 to 48 Hillwood Road, Tsim Sha Tsui, Kowloon, to check out the old buildings.

"Boss, the owner of the property at No. 46-48, Shanlin Road is a Jinshan uncle named Zhang Guanfeng. Because he has no funds to start the reconstruction, he plans to sell these three dilapidated properties."

Just this month (1947.2), the Hong Kong government formulated and promulgated new rent control laws in order to curb the increasingly violent trend of rent increases and forced evictions, and to encourage owners to repair buildings damaged by war. The new law controls the rent of post-war buildings and stipulates that the rent must not exceed the pre-war rent level. However, there are two situations that are not included in the control. One is the newly built buildings after the war, and the other is the owners who use 100 times the monthly rent in the area before the war. For rebuilt houses, both types of buildings can be rented according to the current market value.

The promulgation and implementation of the new legislation has greatly promoted the repair and reconstruction of old buildings and the construction of new buildings after the war. The wealthier owners spent money to repair their buildings in order to obtain high rents; while the owners who became impoverished during the war sold their buildings and had them demolished and rebuilt by real estate developers.

Obviously, Zhang Guanfeng, the uncle of Jinshan, did not have the funds to dismantle and rebuild.

Lin Zhichao watched the scene carefully. Although he was not a professional real estate professional, he still had some knowledge.

Recently, he has also been studying real estate.

Hillwood Road is located at the northern end of Tsim Sha Tsui, south of Austin Road, and connects to Nathan Road at the western end, near the Tsim Sha Tsui Police Station.

The location is great. It is located in the prime area of ​​Tsim Sha Tsui. According to his estimate, it will be no problem to sell it for 25 to 30 Hong Kong dollars per square foot.

Of course, since the entire property is now being sold, a situation has actually arisen: the price of land and old buildings is high, and the rent is high, but the unit price of the building is not high.

There is actually not much profit in real estate, so Hong Kong real estate is still in its infancy at this time.

“What’s the square footage on the title deed?”

"4800 square feet (about 530 square meters)"

Lin Zhichao immediately made calculations. Assuming that he built three five-story tenement buildings on this land, there would be a total of 15 floors of residences. Based on the current property area, he estimated that the floor area of ​​the first floor could reach about 1,200 square feet. , the price is around 35,000 (large area, good timing), which means the sales volume is more than 500,000.

Of course, the premise is that it can be sold at this unit price only if it is sold in layers.

In this era, there is no need for mini-buildings or small-area buildings, and almost all of them are one-story units of more than 1,000 square feet.

The Xiangjiang government allows landlords to sublet, so large area is not a problem.

This kind of real estate development environment seriously makes it difficult for wealthy people to afford real estate, which is much worse than in later generations.

The rate of return for real estate developers is not high and returns are slow (sales are slow), so real estate is naturally not the main industry.

Speaking more broadly, the fact that so many people in Hong Kong have no housing is actually caused by these policies.

Therefore, once Lin Zhichao improves the real estate environment in Hong Kong, it is natural that he will gain great reputation and become the president of the Hong Kong Real Estate and Construction Association.

"Okay, let's ask Mr. Zhang to discuss the price. I prefer this property."

"Okay, I'll make an appointment with him right away."

The size of the land is just right, and this project can be used as a ‘model’.