The birth of the Hong Kong Island family

It’s spring again!

As spring approaches, Lin Zhichao feels particularly comfortable.

In the morning, Lin Zhichao stretched his muscles and bones in the yard, feeling the powerful and active functions of his body.

This made him feel that he could maintain his thirty-year-old status when he was sixty years old, and he would be thirty years younger in the true sense.

Now, he is less than 29 years old.

This means that in the 1990s, although Lin Zhichao was in his sixties, he still looked like he was in his thirties or forties.

If in 2023, when Lin Zhichao is ninety-five years old, he travels to the great rivers and mountains of the motherland, and tourists see him walking as fast as flying, I am afraid it will cause a lot of news!

What an interesting thing!

Of course, as time goes by, Lin Zhichao will not care about that at all.

The xinxing of the previous life has completely disappeared.

before lunch.

Lin Zhichao came to Cheung Kong Industries.

Hu Zhaoxu came to Lin Zhichao's office immediately and handed over a piece of information.

"Boss, take a look at the real estate sales plan of the Seven Sisters in North Point!"

Lin Zhichao then flipped through the information and found that Cheung Kong Holdings had three land parcels in North Point. This was the second land for sale, and there was another land parcel in hand.

At first, he originally wanted to develop an industrial building in North Point, but later decided to develop an industrial building in Kwun Tong to avoid the need for demolition in the future. As for the industrial buildings, they were of course prepared for factories under Cheung Kong Holdings, such as the crocodile shirt manufacturing department, Traveler suitcases (will be transferred to the company in the future), doll instant noodles, etc.

Therefore, the three North Point sites will all be developed into commercial and residential buildings with 18 to 20 storeys in the future.

"Yes. Judging from the sales of our third property this year, the market is now "imbalanced with supply and demand" and the house cannot be sold. I don't know how long it will take for this building to be sold out!"

Hu Zhaoxu said: "Yes, it is difficult to sell out a property now. Some residential buildings took a month of advertising before they were removed."

Nowadays, most of the advertising channels for selling houses rely on newspapers. Real estate has been booming in recent years, and some newspapers have one page divided into many small pages, each of which is an advertisement for a building. The ad will not be withdrawn until the house is sold.

Anyone who is careful can actually notice that there are more and more houses recently. Those who are more professional find that many properties have not been sold out for a long time.

Of course, these phenomena are difficult for ordinary people to know, and the real estate business can ignore this, or simply exaggerate.

And for real estate developers at this time, everyone feels that real estate is unlikely to plummet; because there is no war, why should the prices of houses and land in Hong Kong fall?

This is what everyone really thought before taking the first risk.

"Then sell at this price! It's not a big problem to sell out!" Lin Zhichao said.

The unit price set by Cheung Kong Holdings is about 10% off that of the same location, which is HK$5 less per square foot.

Hu Zhaoxu said: "We at Cheung Kong Holdings have 'credibility and reputation' that other real estate developers do not have. Coupled with the price advantage, it is not a big problem to sell out. It just takes longer than before. But I think there is no problem to sell out in March." .”

Credibility and reputation are also a choice for citizens. Cheung Kong Properties' property sales advertisements all have the domineering slogan of "Changjiang Towers, all over Hong Kong and Kowloon".

This is also true. Cheung Kong Holdings has sold 15 properties, totaling 22 buildings.

"good"

Lin Zhichao also hopes that the last real estate project will go smoothly.

Although there is no problem in keeping these houses in his hands, he has always abided by the principle of "goods rotate".

Cheung Kong Holdings already has about 150 residential units in its hands. These residential units are all relatively high-quality floors in the 22 buildings; because these residential units are prepared to be exchanged for the owners of "Telford Garden", and of course There will be cash subsidies.

Cheung Kong Properties advertised and sold another North Point site, which immediately aroused the dissatisfaction of the "North Point King" Li Kangjie and his partners. Li Kangjie believes that Cheung Kong Industries should not be cheaper than Grand United Company's properties, which is damaging the market.

For a time, this news spread throughout the real estate circle.

In fact, everyone also understands that in addition to this reason, there is also the fact that Li Kangjie and others regard North Point as a "private land". Now that Yangtze Real Estate suddenly popped up two North Point sites and sold them relatively cheaply, they suddenly became a little dissatisfied.

The same was true when Chen Detai grabbed the land in North Point. However, dissatisfaction ended with dissatisfaction. Chen Detai also grabbed two North Point sites. Li Kangjie and others could only raise the price twice, which made Chen Detai retreat.

On this day, Aomen He Xian invited Lin Zhichao to dinner, accompanied by Li Gaofu, and the venue was Lu Yu Teahouse.

During the dinner, He Xian quickly made a 'digression'. He said: "Lin Sheng, are you not optimistic about Hong Kong real estate?"

Lin Zhichao instantly understood that He Xian wanted to talk about 'selling at a reduced price'.

The two could be considered friends, and He Xian had helped Lin Zhichao in the past. It was convenient to import gold.

Therefore, Lin Zhichao said: "You should know that it is difficult to sell houses recently. Moreover, we have reduced the price by 5 Hong Kong dollars. This is not a malicious price reduction!"

He Xian immediately said: "It doesn't count, of course it doesn't count. Every real estate developer's pricing is different. What Lin Sheng heard certainly did not include what I meant." Then he continued: "I just want to ask for advice. Lin Sheng, is the real estate prospect really as good as everyone says?"

Lin Zhichao said in embarrassment: "He Sheng, these are everyone's own ideas. I want to quickly withdraw funds to build several commercial projects in Central. As for the prospects of real estate, I am definitely optimistic about the long-term development. However, as a friend, I advise you to guarantee less loans. You only hold 20% of the shares, but the risk is huge."

As far as he knew, many of the loans of Grand United Company were guaranteed by He Xian's signature; although the other bank was Hang Seng Bank, once the crisis of Grand United Company came, Hang Seng Bank would still ask He Xian to collect debts.

Because we are brothers and we have to settle accounts. What's more, Hang Seng Bank is not owned by one person. It is the hard work of many veterans.

He Xian was suddenly worried. Of course he was not here to settle accounts with Lin Zhichao. Firstly, there was no reason, and secondly, he had no strength, at least in Hong Kong. He really wanted to find Lin Zhichao because he understood Lin Zhichao's legend, so he felt that there must be a monster when something went wrong.

"You have a point!"

After the dinner, He Xian returned to Grand United Company.

Li Kangjie immediately asked: "He Sheng, what did you say? How many other properties does Cheung Kong Holdings have in North Point?"

It turned out that he was worried that a new real estate project would come out of Yangtze River Industrial. If this continued, the real estate in his hands would never be sold.

He Xian said: "Others are not planning to develop real estate in North Point for the time being. Moreover, they have a piece of land in North Point that they can consider selling!"

Li Kangjie's eyes lit up and he said: "He Sheng's reputation is indeed big enough, even Lin Zhichao bought it! How big is the area of ​​​​that land?"

He Xian immediately said worriedly: "Will this real estate undergo short-term adjustments? Are there any risks? I think we should be more prudent."

He felt that Lin Zhichao seemed to be advising him not to take risks with Li Kangjie, especially not to guarantee loans. He still believed in Lin Zhichao and would not harm him. After all, there was no need and we were all friends.

After Li Kangjie saw He Xian meeting Lin Zhichao, he immediately doubted his real estate prospects and said without thinking: "He Sheng, don't worry about this. Our joint company has made more than 20 million Hong Kong dollars, and Hong Kong's real estate is It’s hot, we should take advantage of it and continue to grow bigger.”

He Xian immediately said: "It's just that the house seems to be a little full recently?"

Li Kangjie said with a smile: "We can't say it's saturated, I can only say that the competition is now fierce. Moreover, as long as half of a building is sold, we can earn back the land fee and construction fee (exaggeration). What are you afraid of? The house is still For us, just keep it and sell it slowly."

Soon, He Xian was convinced again because what Li Kangjie said made sense.

Next, Li Kangjie immediately asked: "Where is the land sold by Cheung Kong Industrial located in North Point? How much do you plan to pay?"

In his opinion, it may be that He Xian's reputation is great and Lin Zhichao has no intention of getting involved in real estate projects in North Point, so Cheung Kong Holdings sold its North Point site.

He Xian said: "I didn't say it! But Li Gaofu has a good relationship with Lin Sheng. You can find out by asking him."

Li Kangjie's eyes lit up. Li Gaofu was also one of the shareholders of Dalian (5%) and had a close relationship with Lin Zhichao. In his opinion, Lin Zhichao made concessions in this way and everyone saved face.

Cheung Kong Holdings.

"Boss, the contract has been signed and the down payment has been transferred to our account!" Huang Changhong handed over a piece of information.

Lin Zhichao smiled heartily when he looked at the contract for the sale of a piece of land in North Point.

He sold a 28,000-square-foot piece of land in North Point to Grand United Company for HK$4.6 million. The unit price was already more than HK$160 per square foot.

Of course, this price belongs to the market price, and there is no cheating.

"That's right, we've earned 2 million yuan from the land fee alone, what else is there to develop!"

Huang Changhong knows that the boss is never a person who compromises; at least, even if he does not go to North Point and Western District to buy land, it is impossible to sell the land in his hands.

Then it can be guessed that if the boss sells the North Point land at a high price, the real estate may plummet.

Of course, he couldn't figure out why the real estate plummeted?

If it is only an imbalance between supply and demand, then the market will only fall slightly, and there should be no sharp drop.

Huang Changhong didn't think about it any further. He knew that the boss must have discovered something, but this kind of discovery must not be noticed by others.

"Boss, that Li Kangjie bought our land this time, I'm afraid it will be even more serious. He really regards himself as the 'King of the North Point Land'."

Lin Zhichao smiled and said: "If God wants it to die, it must first make it crazy! They probably think that in North Point, even I have to stay away from the Grand United Company. In this way, Li Kangjie and others will become even crazier, wait and see !”

He was also very dissatisfied with Li Kangjie. He bought his real estate very early, and he actually thought that Cheung Kong Industry was going to grab his site. Such a protective calf is not suitable for real estate at all, so let it die as soon as possible, so as not to look disgusting.

Although Liu Baoshan also used Xihuan as a base, she never said that others should not develop it.

But no matter what, this kind of people who like to engage in small circles must be cleaned up.

The land he sold for 4.6 million, after a period of time, the price of 50% to 60% can be bought back almost.

Huang Changhong said: "This phenomenon is indeed not good! The Cake Eaters, Grand United, and Quanshantou are all laymen engaged in real estate, which has ruined the entire industry."

Lin Zhichao replied: "Don't bother with them! Doing our project well is the most important thing right now."

"yes"

Huang Changhong was immediately full of energy. The current projects of Yangtze River Industrial were not residential real estate and commercial real estate. They were simply huge investments.

Cheung Kong Holdings sold a piece of land in North Point to Grand United Real Estate Company; therefore, people in the circle believed that even Lin Zhichao did not want to tangle with Grand United Real Estate's "Hong Kong and Macau businessmen alliance".

In the Grand United Company, although Li Kangjie is the leader, he only holds 25% of the shares; He Xian is the financial advisor and holds 20% of the shares; the rest of the shares are in the hands of eight or nine people.

This is the reason why there are so many people.

After this incident, Liao Baoshan also asked Lin Zhichao to have dinner, and also attended the meeting.

During the dinner, Liao Baoshan said carelessly: "Lin Sheng, it's not me who said that if you come to Western District to develop, I will never complain. Let's all compete fairly. Every time someone like Li Kangjie goes to North Point to develop a site, they are all fired up. Don’t be ridiculous, you don’t even want to bother them this time. They’ve gone too far!”

Airship Tai and Li Gaofu immediately regretted joining the United Real Estate Company. They had participated in smuggling in the past, so they couldn't get along with each other, so they both symbolically invested 5% of the shares.

However, neither of them participated in the company's affairs and simply left it alone without even checking the accounts.

Lin Zhichao smiled and said: "It doesn't matter, I made 2 million Hong Kong dollars on the land. It just so happens that if everyone has money, we can share it together. If they want to develop it, we can develop it for them."

When Liao Baoshan and the others saw Lin Zhichao's hearty smile, they immediately understood that Lin Zhichao didn't pay attention to Li Kangjie and others at all. He sold the land to them because he didn't want to get entangled.

Flying Tai said at this time: "It is still difficult to sell this building now. The market supply has been a bit large in the past two years."

Liao Baoshan said nonchalantly: "If it's not easy to sell, just sell it slowly. House prices are rising slower than land prices, so there's still potential!"

Airship Tai and Li Gaofu also agree with this point of view. They are not the type to make rapid progress, and because they entered the sales of off-the-plan properties earlier, they are relatively strong.

To put it bluntly, even if house prices and land prices plummet, their losses will not be huge, and they will not be short of money to pay land fees, construction fees, etc.

However, at this time, Lin Zhichao vaguely guessed that because of his appearance and bringing in Li Gaofu to get a share of the pie, he was afraid that the house could no longer be sold and had reached saturation about half a year in advance.

Next, it is difficult for everyone to sell their houses, and the remaining houses in Hong Kong are piling up.

Once the Hong Kong government promulgates the "restriction on the sale of uncompleted properties" ordinance, it will be the last life-saving straw.

Perhaps, there will be a big plunge in the second half of this year. (End of chapter)