Hong Kong's new giants

In Lin Zuhui's view, this business is just a matter of convenience. If the two companies intend to sell the building, then New Times Group will take it; when Swire Properties wants to develop "Taikoo Place" in Quy Bay in the future, it will naturally pay a high price Purchased two buildings from New Times Group.

A 50% profit a year, making hundreds of millions, is still very worthwhile.It is more trouble-free than speculating in futures contracts.

In the morning, Fang Jin also came to Lin Zuhui's office with something in his hand.

Lin Zuhui said with a smile: "I don't lack anything, don't give me anything in the future!"

Although he was very satisfied with Fang Jin's attitude, Lin Zuhui really didn't need gifts from others.

Fang Jin put the things on Lin Zuhui's desk, and said, "Of course you don't need anything, but I saw that Zhang Daqian's "Mount Qingcheng" was being auctioned, and you happened to be away from Xiangjiang, so I planned to take a picture and give it to you. !"

Lin Zuhui immediately became interested, spread out "Mount Qingcheng", and then carefully observed it. He is also considered a half-collector, and his appreciation level is still high. He learned it from Xu Zhantang.

"Good painting! Collecting this thing may make you more money than you do in real estate!"

"Then I have to understand it too. Didn't the boss say it, don't do it if you're not familiar with it!"

Lin Zuhui raised his head and couldn't help but said, "You remember everything I said!"

Fang Jin continued to flatter, and said: "There are so many people in Xiangjiang who worship the boss, how many of them have listened to the advice of the boss. I think those of our students back then, if they had listened to the stocks you introduced by the boss, they would have realized it by now. Wealth and freedom!"

"Ha ha"

Lin Zuhui was in a good mood, and this flattery hit the spot.For a long time, the training class held back then was regarded as a small "stain" of Lin Zuhui, and it has not been made public so far.

But thinking about it now, if those people bought HSBC according to their own advice, it would be like a pension system; even if they bought stocks in companies such as Sun Hung Kai, Cheung Kong, and New World, the interest rate was much higher than that of banks.

Then, Lin Zuhui asked: "Are you looking for me to buy a house inside Scenery Garden?"

Fang Jin shook his head and said, "I've already discussed with Manager Chen Xiaofen about Scenery Garden, and I'm still bothering you there! Come over and deliver the paintings!"

Lin Zuhui nodded, and then said casually: "You bought the Chungking Mansions rightly. You can rent it out after redecorating it. As long as you manage it well, there will be no accidents in two years, and it will be easy to sell for [-] or [-] million. As for Fengshui, in fact It’s all self-consolation, you have sons and daughters now, don’t rush into business, don’t gamble, and your assets will naturally grow rapidly.”

A rich man can spend a lot of money in luxury restaurants, wear a suit worth tens of thousands of yuan, live in a mansion worth over [-] million yuan, drive a luxury car worth a million yuan...these are nothing; people have never heard of a rich man who lives poorly Those who are poor have only heard of losing their fortunes due to investment failures and bankruptcy due to gambling.

Fang Jin nodded seriously. He admired Lin Zuhui very much. The boss has never been in a casino, nor has he ever taken the initiative to go to a nightclub; of course, the level is different. , naturally interested in those too.

Now that he heard that the big brother paid a huge sum of money to buy the Chungking Mansion, he could make a lot of money, Fang Jin was also very happy.This business was paid out of his own pocket, and was not completed through a listed company.

The two chatted for a while, and Fang Jin took the initiative to say goodbye!

As for Zhang Daqian's paintings, they naturally remained, and Lin Zuhui didn't care about these trivial matters.

He has supported Fang Jin in too many places, if not for him, how could Fang Jin have squeezed into the big D club.The development of Great Wisdom relies on acting as an agent for New Era Group, and it has also obtained a lot of resources first.

This time, Sceneway Garden sold more than 900 residential units, and the number of internal offtakers (agents, large-scale real estate speculators) was only more than 300, and all the rest were released.

这几年炒房的人真的是可以赚大钱，在1991年2月，市区2000元每平方尺、九龙1800元每平方尺、新界1600元每平方尺；

At present, the urban area is generally 3000 yuan per square foot, Kowloon 2800 yuan per square foot, and the New Territories 2500 yuan per square foot.

These do not include large housing estates, which are more expensive!

If it takes another two years, the urban area will generally be five to six thousand Hong Kong dollars per square foot, and some high-end residential areas will be more than 2 yuan.

At present, the salary of a college student when he graduates is around 1. Suppose he needs to buy a 500-square-foot Kowloon residence (total price is 140 million), which theoretically takes 12.5 years.

若是到了1994年，薪资最多涨到1.2万上下（刚毕业），但一套九龙住宅需要280万（500平方尺），他理论上就需要18～20年。

The more you delay, the more you can't afford it!

For these situations, of course Lin Zuhui can only follow the trend. Since he can't change it, he should be the biggest real estate developer.

In fact, in terms of the supply of residential buildings, New Times Group ranks behind Sun Hung Kai and Cheung Kong, and is not considered the largest development real estate developer (the supply of the three companies is similar).

However, it is because of New Times Group's rental properties, hotel assets, and the value of Hengchang Holdings that its market value is much higher than other real estate companies.

Picking up a newspaper on the table, Lin Zuhui stared at a piece of news in a daze.

The content of the news is: Li Chaoren purchased 49% of the interest in the Manhattan Commercial Center in the Financial Center District of New York, USA through Concord Property Finance Group (a private company), using 4.48 million Hong Kong dollars.This is Li Cucumber's first large-scale investment in the United States since the 80s, and the momentum is strong.The country's real estate market has fallen into a trough in recession, and the vacancy rate of office buildings in central Manhattan exceeds [-]%. From the perspective of economic cycle recovery, this purchase is beneficial.Li Chaoren was purchased from the Canadian real estate company O&Y (Olympic and York). Both buyers and sellers believe that this move 'strengthens the strategic relationship between the two parties and provides more cooperation plans', which is another Chinese A masterpiece.

What bullshit news, blow it up!

I just bought half a building, and I blew it so hard!

What's more, in Lin Zuhui's view-next year is the best opportunity to buy.

As far as he knows, commercial real estate in the United States began to take off in 1993. In his previous life, Buffett resolutely bought the commercial real estate near New York University in 1993. The income from this investment was very objective. The cash return in the first 35 years has reached 5%!

Therefore, next year, Lin Zuhui will let the New Times Group buy the commercial real estate in New York.

At that time, Buffett can be brought in to work together. The two have a good relationship and have met several times.After all, there are more than 400 high-rise buildings in Manhattan alone, which is not counted as other commercial real estate, so it doesn't hurt to cooperate.

In addition, Citibank can also get loans to strengthen the cooperation between the two parties.

With the scale and development of New Era Group, no major bank in the world will reject such a high-quality client.

……

Beginning on October 10th, New Era Real Estate launched 9 residential units in Sceneway Garden. Within three days, 928 people registered.

The speculation is so hot that it has become crazy!

Regarding this situation, the media reported it vigorously, and the real estate market continued to be hot. For a while, this month's New Times Group was pushed to the forefront.

Fortunately, the new Financial Secretary took office at the end of October, so it is not considered a "gunshot".

Chapter 421 [Hong Kong Government VS Real Estate Developers]

Villas on Nanwan Road, Lin's Palace.

In the evening, Lin Zuhui and the Eight Immortals came to the living room on the second floor to rest. In early and mid-October, they gave birth to a son, and after giving birth to a son, Lin Zuhui's number of children has risen to 10.Not counting the imminent childbirth, this year Lin Zuhui will have 13 children.

"The ordinary residences in your hands are all sold slowly, and try to sell half of them by the end of the year. Don't move the money from the sale, and buy high-end residences, shops, office buildings, etc. later!"

Everyone's eyes lit up, and it was finally the harvest season!

In this round, the timing of Qixian's investment in ordinary residential buildings was during the sharp drop in [-]. At that time, no one was interested in residential buildings; Lin Zuhui took the opportunity to let them invest in the entire residential building. In addition to the building of the New Times Group, they also bought other buildings. Realtor's building.

At that time, as a real estate developer, no matter how low the price was, it was impossible to keep it in your hands, because you had to take into account the 'rotation of goods'; otherwise, if it was sluggish for a year or two, wouldn't the real estate developer stop doing business for a year or two? .So in that situation, as long as the real estate developer has a small profit, they will sell it.

Therefore, at that time, Qixian bought about 12 ordinary houses worth 1200 billion (about [-]% down payment).

This amount is equivalent to the annual shipments of a large real estate developer like Great Eagle. This year, Great Eagle is estimated to only have 1500 sets, accounting for almost one-twentieth of Hong Kong's annual supply.

Today, the properties in the hands of others have more than doubled.

Worth more than 25 billion!

Guan took the lead and said excitedly: "I asked the company's accountant to do the math for me, and now my building is worth more than 5 million yuan, so let's send it!"

All the girls looked at Guan enviously. There was no other way. This woman had been with this man for the longest time. When she bought the property back then, she was already able to spend a huge sum of 5000 million.

Li couldn't get used to Guan's appearance, so he said: "You still say, because you are under the most pressure to pay for the mortgage, I don't know how many small troubles Brother Hui has given you."

Incisive!

This woman is worthy of being a master of the Gongdou Department, she can speak a word.

Guan's loan at that time was 2 million yuan, and based on the ten-year loan calculation, the annual loan repayment was 2000 million plus.And Lin Zuhui's standard for the girls is 3000 million a year for living expenses, one can imagine how much pressure Guan's mortgage is.

Without Lin Zuhui's private subsidies, it would be impossible!

Wang and Cai also received this kind of subsidy. They had a building of nearly 2 million yuan and a loan of 1.6 million yuan.Therefore, the two pretended not to know at this time, and they didn't have to look at Guan with unkind eyes, but they just didn't participate.

The rest of Qiu, Li, Li, and Lin naturally looked dissatisfied, as if they were saying that it would be cheap if they were locked up, and they would be good-looking.

Lin Zuhui put his arms around Wang, and the couple looked like they were enjoying the show.Now Wang has become numb to the speed at which Lin Zuhui makes money. There is no way to argue, and she doesn't want to fight, so as not to offend this man.Besides, my man makes money too fast, so fast that the amount is astonishing, if I don't fight, I will fight.

Guan suddenly knew what his man said - wealth cannot be revealed, showing wealth and showing wealth are not the same meaning, a rich man can show off that he wears tens of thousands of clothes and drives millions of dollars in luxury cars, but he will never announce his All assets and past private accounts.

She made a fatal mistake. Although everyone knows that she has the most property, it is obviously inappropriate to say it.

Guan looked at Lin Zuhui pitifully. This man is absolutely authoritative no matter how he handles or suppresses such family disputes.

Lin Zuhui looked at Guan who had just given birth to his son for a week, and naturally his heart softened immediately.

"Please do some shopping once!"

All of a sudden, the hostess spoke, and immediately received a lot of support.

"I fell in love with a piece of diamond jewelry from Luk Fook Jewelery, and the price is only 30. Thank you, Sister Guan!" Li Lima said.

"I heard that LV has arrived with a new batch of goods, let's make an appointment another day!"

All of a sudden, everyone slaughtered Guan Yitong one after another, but it was only hundreds of thousands.

Guan Jiahui was slightly heartbroken, but immediately agreed to go on.

A family farce ended, and everyone went back to the villa to pick up their children.

Lin Zuhui started to seriously think about how to continue investing the funds they cashed out.It is the best choice to buy luxury residences, shops, and office buildings.Four women like Guan, Wang, Qiu, and Lin can invest in US stocks, such as Oracle and Best Buy.Especially Oracle, Lin's Family Office and Hengjin Investment have not bought it yet, and the end of the year is just right.

Thinking of this, Lin Zuhui already knew what to do, so he will arrange it later.

……

With the popularity of Xiangjiang Real Estate, residential properties have risen by 55% throughout the year, which has reached the point of insanity.

Residential buildings are most closely related to people's livelihood, so they cause the greatest "public grievances and public indignation".

For the development of building units, real estate developers provide some for internal subscription and some for public sale.Those who can enjoy the "privilege" of internal subscription are all insiders of the group and people and institutions related to the developer.The off-plan and existing buildings they subscribed for are usually not purchased for self-occupation but pushed to the market at a higher price.

Real home buyers often can't even buy second-hand buildings, but buy third-hand and fourth-hand buildings.The price increase layer by layer makes home buyers sigh.The off-plan and existing buildings for public sale are not available to real home buyers.

When the speculation is frenzied, it takes days and nights to wait.

The queues are basically monopolized by scalpers.If a home buyer wants to obtain the right to buy a property, he must buy a token from scalpers, and a token usually costs 2 to 3 Hong Kong dollars.

Real estate speculation involves risks. If you look at the real estate market and act decisively, you can make huge profits, and sometimes you can make profits without capital.

Real estate developers welcome speculation for many reasons: speculation is directly related to the property market, and when the property market is booming, speculators will flood the market; otherwise, there will be many weak friends; speculators can share part of the risks of real estate developers, just like dealers share The risk of the manufacturer is the same; the speculative wind can fuel the prosperity of the property market, that is, "the speculative market".

Therefore, some people regard real estate developers and speculators as a pair of twin brothers.What's more, they are all regarded as the "culprits" of high property prices.

In the 90s, calls for curbing property prices and cracking down on property speculation were rampant.

The Hong Kong government, which pursues a free economy, can no longer sit idly by.

……

On November 1991, 11, the newly-appointed financial secretary, McGill, announced that he would increase the stamp duty on property transfers and limit the proportion of internal subscriptions in order to combat speculation and curb the rise in property prices.

According to market rumors, McGuire claimed to fight tigers, not rats like scalpers.

Who is the tiger?

Li Ka-shing, Lin Zuhui, Guo Bingxiang, Zheng Yutong and other real estate tycoons are all tigers.

And who is Shuaihu?

For a while, the citizens of Xiangjiang introduced two people: one was Li Chaoren, who was the richest man last year, and the other was Lin Zuhui, who became the new richest man this year.

Coincidentally, the first phase of Kingswood Villas owned by Li Chaoren opened on the day when McGill announced the crackdown on speculation.Only 1752 units were launched on the market, and 3 people registered in the next 3 days. The queue grew long, and home buyers and speculators flooded the market.It is unknown how many internal subscription units there are in the first phase, and the speculation is hot, but it is an open fact.

Mai Gaole was very dissatisfied with this, and Li Chaoren's "fighting against the wind" was tantamount to "smearing" Mai Shi's face.McGill threw out his trump card and ordered the Bank Supervisory Office to send a letter to all banks on November 11 to reduce the mortgage loan (mortgage loan) of new and old residential buildings from 5 to 7 percent to [-] percent.

This move is really powerful. The mortgage ratio is related to the property speculators and the cash affordability (down payment amount) of home buyers, which directly affects the prosperity of the property market.

……

Wednesday, April 11.

Zheng Yutong came to Lin Zuhui's office and said, "Zuhui, what do you think of the Hong Kong government's move?"

Lin Zuhui didn't want to participate in this kind of thing in his heart. The New Times Group is gradually developing comprehensively. What's more, he knows that the Hong Kong government's move still has many loopholes, and it is vulnerable to powerful real estate developers.

However, as a real estate developer, he had to stand in the same team as everyone else, otherwise he would become a public enemy.

It should be said that there is no turning back!

"Uncle Tong, I naturally think that the Hong Kong government's move has affected the free market economy and is not conducive to the development of Hong Kong!"

Zheng Yutong immediately said: "Since this is the case, you are the largest real estate developer in Hong Kong, why don't you organize a discussion with everyone!"

Thinking of himself as a handsome tiger, this is too high a view of himself!

Lin Zuhui immediately smiled wryly and said, "It's up to Li Chaoren to come to this matter, and I will definitely respond."

Zheng Yutong said with a smile: "I just came to test your attitude. Brother Jiacheng will host a banquet at the Hilton Hotel this Friday to entertain the Prime Minister of Columbia, Canada, and invite you to accompany him."

Lin Zuhui nodded and said, "Be there on time! Uncle Tong really likes to joke around. With my qualifications, I dare to organize everyone to protest against the Hong Kong government. I'm afraid it will be ridiculous."

Zheng Yutong showed a Maitreya smile, and then said: "Everyone is also worried that you think too much, and you are engaged in 'Hong Kong culture and prosperity', and you are engaged in comics and drinks, forgetting that you are the biggest real estate developer!"

Lin Zuhui said with a smile: "Then how can you forget that you are a real estate developer? Only when real estate brings enough profits can New Era Group be qualified for comprehensive development."