The birth of the Hong Kong Island family

Yangtze River Properties.

Lin Zhichao is signing a construction contract with Huang Shun on the "four tenement buildings at No. 126, Magic Street, Kowloon".

At this time, Huang Shun realized Lin Zhichao's shrewdness, and said, "Boss Lin, you have been going to inspect the construction site every three days, we are really teaching apprentices to starve to death, master!"

He recently heard that Lin Zhichao was always inquiring about various things at the construction site, and he was so angry that he scolded Sun Bantou. No, retribution will come immediately.

For this cooperation, Changjiang Real Estate asked Huang Shun Construction to contract the project, not counting the cost of building materials. Even the price has been lowered.

Huang Shun understood that Lin Zhichao had already figured out the secrets involved. He even heard from his son Huang Zutang that Lin Zhichao had great learning ability and almost had a photographic memory.

Lin Zhichao smiled and said: "Uncle Huang, now Cheung Kong Real Estate is the largest residential developer in Hong Kong. The land in Happy Valley has 26 buildings, and we have acquired another land that can build 22 buildings. If we don't know about such a large project, Save money, I’m afraid it won’t be justified.”

Huang Shun was dumbfounded, and asked in surprise, "You have won another piece of land, and you can still build 22 tenement buildings?"

Lin Zhichao smiled and nodded! He will not set up a construction company for the time being. After all, Huang Shun is a veteran builder, and he will save a lot of trouble if he undertakes the construction project.

However, if the price can be suppressed, it will naturally be suppressed severely.

You know, there are almost only a handful of real estate companies in Hong Kong that dare to build ten tenement buildings, so Cheung Kong Properties is the largest residential developer.

There are still more residential buildings under construction in Hong Kong, but many owners and real estate companies plan to collect rent. They only see the high rents, but they don't see the benefits of "goods in rotation", so it is impossible to develop.

Huang Shun gritted his teeth and said, "Okay, I'll take over this project. Boss Lin, please take more care of me in the future. After all, we have worked together twice, so we know everything about it."

Lin Zhichao agreed: "This is natural. Uncle Huang is a veteran builder, and most of his people are skilled workers."

Let’s deal with the past first. Lin Zhichao may not necessarily hand over the next two large-scale projects to Huang Shun Construction Company. Everything will be based on a plan that is beneficial to Yangtze Real Estate.

After signing the contract with Huangshun Construction Company, construction of No. 126 Modu Street will start in mid-July. As for sales, Lin Zhichao is not particularly anxious. After all, the company's funds are sufficient to operate now.

Shortly after Huang Shun left, his son Huang Zutang came to Changjiang to buy real estate.

At this time, Huang Zutang had just established the ‘Huang Zutang Zeshi Building’, which was regarded as independent from Huang Shun Construction Company.

The reason for this confidence is probably due to the cooperation with Changjiang Real Estate.

"Lin Sheng, the overall plans of 'Lantian Yayuan' have been revised. I'll bring them to you!" Huang Zutang took out some hand-drawn plans and placed them on Lin Zhichao's desk.

Lin Zhichao smiled and said: "Master Huang, you are going very fast, and I am not rushing you to rush. This Happy Valley project is not particularly urgent."

I saw that there were dark circles in Huang Zutang's eyes, and he stayed up late drawing pictures at the first sight.

"I can't sleep! I learned a lot from working with Lin Sheng, and I'm very excited."

Lin Zhichao laughed "haha" and said: "You are the master and I am the apprentice, aren't you just bragging!"

Wong Cho-tang said with a smile: "The ancients said that if a group of three people are walking together, there must be a mentor, which makes sense. Lin Sheng's idea of ​​'private housing estates' can be said to be the first of its kind in Hong Kong housing, and it has benefited us a lot as a mentor." Lam Sang’s contribution to the entire Hong Kong real estate industry is huge.”

Lin Zhichao smiled, it was just some basic exercises, these people just followed the imperial decree.

It turns out that the 40,000 square feet of land in Happy Valley can be designed as 26 tenement buildings. If they followed the previous design, they would definitely distribute these tenement buildings neatly.

But Lin Zhichao didn't think so. He wanted to build a "private housing estate" concept, which is the community model in the mainland in later generations. Hong Kong people call it housing estate.

To put it simply, the Land and Land Office only stipulates your plot ratio, which means floor area x plot ratio, which is the floor area you can build. Other aspects only need to be reviewed normally.

Therefore, Lin Zhichao arranged the 26 tenement buildings in a circle (with gaps, and the gaps between two and three are larger), and surrounded them with iron fences, leaving open space in the middle and building gardens, pavilions, and amenities for residents. Rest and play. In this way, people from outside cannot come in without any reason.

The benefits of such a design are self-evident and will be well received by buyers. After all, who doesn’t want to live in a place with a safe environment? Everyone is fleeing from the mainland and who doesn’t worry about the safety of their property.

Then, it is possible for housing prices to exceed HK$30 per square foot by then.

Huang Zutang's participation in the design of this kind of housing estate can not only improve his level, but also increase the popularity of his house.

As for the design of each tenement building, they are actually very similar, and the manuscripts can be submitted in a week or two.

"It seems okay! In this way, I will take a look at it slowly and make sure I tell you!"

"OK"

This project has been designed for a month, and it is finally finalized. If there are no accidents, construction is expected to start in September or October.

As for the sales issue, Lin Zhichao plans to create another great success, that is, to set up a model house and a sales office. After all, there are 130 units off-plan, and there is no temptation. Lin Zhichao is really worried about selling out.

General Manager's Office, Bank of East Asia.

Lin Zhichao took the title deed of the "Old Ferry Street Gas Works" and prepared a loan.

In fact, he was a very conservative real estate businessman. Some real estate developers in later generations directly asked the bank to pay 70% and paid 30% themselves when purchasing land. At present, Yangtze Real Estate acquires the land and then borrows 60% of the land from the Bank of East Asia, but in the end it is almost only 50%.

At present, Yangtze River Real Estate's loan from the Bank of East Asia is HK$850,000, which is considered a key support target of the Bank of East Asia. Some people also say that Lin Zhichao is a support target of Jian Dongpu.

In fact, it is a win-win situation. After all, Yangtze Real Estate now has a strong reputation and is worth investing in.

If he didn't have the ability and the "Mountain Forest Road Project" to become an instant success, others would simply ignore Lin Zhichao, a fellow countryman.

"Mr. Jian, we spent 550,000 Hong Kong dollars to buy this land. So we plan to borrow 300,000 Hong Kong dollars." Lin Zhichao handed the land deed, land purchase contract and other information to Jian Dongpu.

Jian Dongpu was shocked by Lin Zhichao again. Where did this young man get so much money?

"You won't use the previous HK$700,000 loan to buy land, right?"

Lin Zhichao smiled and said: "How can that work? We have already paid Sir Ho Tung 500,000 Hong Kong dollars in profit dividends, and the other 200,000 Hong Kong dollars are lying on the company's account to start construction on that land."

Jian Dongpu knew it was impossible as soon as he thought about it. After all, he had seen the contract signed by Yangtze River Real Estate and Ho Tung Real Estate.

So he stopped asking other questions. Lin Zhichao was legendary enough in his own right. Some said he had picked up gold, and some said he was a descendant of a warlord.

"Is it industrial land? Do you want to invest in a factory?"

Lin Zhichao started the pretending mode again. After all, he wanted to deceive others into getting loans, and the most important thing was to show his value.

"No, I went to the Land and Land Department and asked that this land can be converted into residential land. It only needs to pay a land price of HK$300,000. In this way, our total cost is only HK$850,000. According to the market price, the same size and the same lot The residential land probably cost around 1 million, but we saved at least HK$200,000."

Jian Dongpu immediately praised: "Okay, I didn't expect you to be so familiar with real estate. Do you want to take a loan to supplement the land price, and then wait for the sale of 'Lam Tin Garden' in Happy Valley to develop the land on Ferry Street?"

Lin Zhichao said: "Yes! After changing the nature of the land, we can prepare first and start construction next year."

Jian Dongpu asked again: "Aren't you worried about the lack of purchasing power? Hong Kong can afford to buy a house worth 30,000 Hong Kong dollars. Is there enough people?"

He actually asked this on purpose. There are still some rich people in Hong Kong.

Lin Zhichao said: "It is estimated that thousands of units can be digested. After all, the mainland will continue to import a large amount of capital. In fact, the current real estate companies in Hong Kong are still not open-minded. Many of them are for the purpose of leasing, thinking that this is better. Make money. As everyone knows, for real estate companies, the most important thing is the constant flow of goods."

Jian Dongpu could only say in his heart that this young man was born to engage in real estate.

In the end, Jian Dongpu readily agreed to lend money. After all, the two parties had an agreement to support Lin Zhichao's real estate development, and the loan amount was 60% of the asset value.

In fact, Lin Zhichao only needs more than 50% each time.