Siheyuan, I became a commercial tycoon in the culinary world
Chapter 208 Acquisition of Properties and Land
He Hongmei became more sensible and strong. She put away her former willfulness and began to take the initiative to take care of the housework and take care of her family.
She often thought of her mother's love and teachings for her since childhood, and secretly vowed to be a gentle, kind, strong and brave woman like her mother.
She also cherishes the time she spends with her family more and tries to make the family atmosphere warmer.
He Yushui was also immersed in grief, but she tried hard to adjust her emotions, actively participated in family life, and often talked with He Yuzhu, trying to help her brother get out of his grief.
Zhang Wanting was really a devastating blow to He Yuzhu. He only loved this one woman in his two lives, but she left him early, which made it difficult for him to get over it.
It was not until one day that Song Bojian brought a message from Hong Kong that He Yuzhu was pulled out of his grief.
It was already a year and a half since Ann Hui's death, in 1985.
The economic crisis in Hong Kong has dealt a heavy blow to the real estate market.
On the one hand, housing prices have fallen sharply.
As the economic situation worsened, investor confidence was dampened and demand dropped sharply. Many ongoing projects were forced to stop, and completed properties were difficult to sell, causing house prices to plummet.
Some real estate developers are facing the dilemma of broken capital chain and have to sell properties at low prices to recover funds.
On the other hand, land transactions have come to a standstill.
Developers are concerned about future market prospects and are reluctant to acquire land for development. The government’s land transfer revenue has also dropped significantly, affecting investment in public infrastructure construction.
At the same time, real estate-related industries such as construction, decoration, and building materials have also been severely affected. Companies have laid off employees or closed down, and the unemployment rate has risen.
Banks and other financial institutions have become more cautious about real estate lending, further exacerbating the difficulties in the real estate market.
The news brought by Song Bojian cheered He Yuzhu up.
He knew that the economic crisis also provided opportunities for some powerful investors.
As long as they buy properties at low prices when the market is at a low point and wait for the economy to recover, they will get rich returns.
He Yuzhu immediately remembered that Li Jiacheng took the opportunity to carry out a series of bargain hunting operations. He not only acquired the Hong Kong Electric Company with 29 billion in cash, but also purchased a large amount of land and real estate.
Li Jiacheng's successful bottom-fishing this time laid an important foundation for his business success in the second half of his life.
He Yuzhu knew that the opportunity was rare and could not come back again. He could no longer indulge in the grief of Zhang Wanting's death. The time had come for him to make great achievements.
He Yuzhu quickly cheered up and flew to Hong Kong with Song Bojian.
After He Yuzhu and Song Bojian arrived in Hong Kong, they immediately began to investigate the market.
They shuttled between various real estate projects for sale and vacant land, carefully evaluating the value and potential of each one.
That day, He Yuzhu took a fancy to an old apartment building near the commercial center of Hong Kong.
Although the building looked shabby and had outdated facilities at the time, He Yuzhu, relying on his memories of his previous life and his accurate judgment of urban development, determined that the value of this area would increase significantly after the economic recovery.
However, Song Bojian thought that it was impossible to acquire this old apartment. If it had to be demolished and rebuilt, it would incur unpredictable expenses. Song Bojian thought that there would not be much money to be made.
However, He Yuzhu knew that housing prices in Hong Kong would be extremely high in the future, so as long as he could buy one now, he would make a profit. Therefore, he bought each apartment building without hesitation at a price between 30 and 50.
Song Bojian sighed that he acted on impulse and invested recklessly when he had the money he had. Even Shen Jihuan said that he was too impulsive.
They all believed that it was the death of his wife, Ann Hui, that made He Yuzhu lose his mind.
He Yuzhu didn't care what they thought or looked at him, and he still drove to various places in Hong Kong, buying everything he could.
That day, he took a fancy to He Yuzhu again. After inspection, he found that although the location of this land is relatively remote, the surrounding transportation infrastructure is gradually improving, and the government has plans to build a new industrial park nearby.
He bought the land for 100 million without hesitation.
Now Song Bojian and Shen Jihuan both thought that He Yuzhu was really out of his mind.
On the day of signing the land purchase contract, Shen Jihuan made a special appointment to meet He Yuzhu.
She frowned slightly, her expression full of worry: "Brother Zhuzi, please listen to my advice.
Investing is no joke. You can't just make large purchases on impulse.
Look at the old apartment building you bought this time. Not only is it shabby in appearance, but the facilities are so old that the subsequent repair costs are high. Even if you think it will appreciate in value in the future, the risk is too great. What if the economy never recovers? Wouldn’t all the money be wasted then?”
He Yuzhu looked at Shen Jihuan quietly, his eyes firm: "Jihuan, I know you are doing this for my own good. But I have my own judgment, I believe that the future of Hong Kong will definitely get better. These properties and land may not look impressive now, but when the time comes, their value will be immeasurable."
Shen Jihuan shook his head helplessly: "Brother Zhuzi, you can't always gamble with the uncertainty of the future. And that piece of land is so remote. Although there is a plan to build a new industrial park, when can this plan be realized? If you keep dragging it out, your 100 million will be stuck there. How can you carry out other businesses in the future?"
He Yuzhu raised his chin slightly: "Ji Huan, I'm not gambling. I've thought it over carefully. I understand the future development of the city, and I believe in my vision. Besides, now is a good time to buy at the bottom. If you miss this opportunity, you may never have it again in the future."
Shen Jihuan sighed: "Brother Zhuzi, don't put all your hopes on uncertain things. If you make acquisitions like this and something goes wrong, what will you do with He Xiangyang and He Hongmei? They are counting on you."
He Yuzhu's eyes dimmed slightly, but soon regained their firmness: "Ji Huan, don't say anything. If you believe in me, then follow me. If you don't believe in me, then don't persuade me..."
Shen Jihuan looked at He Yuzhu like this, knowing that he couldn't persuade him for a while, so he could only say helplessly: "Brother Zhuzi, I hope you can really get what you want. But you must be cautious and don't act so impulsively again."
Seeing that Shen Jihuan was so worried about him, He Yuzhu had no choice but to nod, but he became more determined in his investment path.
Just when He Yuzhu wanted to continue acquiring properties and land, news came out that the Hong Kong Electric Company was bidding. He Yuzhu knew that the time had come to compete with Li Ka-shing.
He wanted to know if he took over the electric light company, would Li Ka-shing still be able to maintain his position as the richest man in Hong Kong in the future?
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