Rebirth of Hong Kong's tycoons, shorting Eagle Sauce

The elders of the Ross family were all in a state of hesitation.

Many people thought that what Ahben said made sense. The housing prices in Hong Kong City were still falling, while the housing prices in the United States were rising sharply due to the sluggish US stock market and the sharp drop in interest rates.

In addition, the Federal Reserve was still cutting interest rates to avoid the recession caused by the Internet bubble and the plane crash.

They knew that if they missed this opportunity, their Ross family would miss the opportunity to rise again.

Yes, now the elders had to admit that the Ross family was in decline. The young people in the family were no longer proud of the family and felt that this identity had become a constraint.

This was not a good phenomenon. If the family continued to decline, the most difficult thing to avoid was disintegration.

The family fund looked a lot. Once the family was divided, they would be considered small rich people at most.

Should they continue to be silent or choose to chase the wind? The elders fell into deep thought.

At this time, the Federal Reserve decided to cut interest rates again, reducing the interest rate from 3.21% to 2.11%!

This interest rate was frighteningly low, and there was almost no cost to borrow money from the bank.

The Federal Reserve also sent out a signal of continuing to release money, and bankers began to promote "adjustable rate mortgages".

The so-called adjustable rate mortgage means that the interest rate people pay for buying a house will be adjusted as the federal funds rate adjusts.

If the federal funds rate is lowered again, people's monthly repayments will also decrease!

Seeing all this, the elders can no longer sit still. They urgently need money to boost the housing market in the United States. Now selling the Lantau Island project is their biggest choice.

In this way, not only can they get rid of this huge mess, but they can also get back a sum of money to invest in the real estate boom in the United States.

This made them unable to help but praise Ahben:

"Ahben, your decision is right, we support you to sell the Lantau Island project."

The old patriarch couldn't help but ask:

"85 billion Hong Kong dollars is not a small amount, can you find a suitable buyer?"

Ahben smiled:

"I plan to sell it to Wang's Real Estate!"

The elders of the clan didn't think much about it and applauded:

"Humph, they screwed us badly, now they should pay the bill."

The patriarch also thought it was a good idea to hand over the mess to Wang's Real Estate, but would the Wang family be stupid enough to take over this hot potato?

They knew that Wang's Real Estate owed a lot of money in the United States, and they still had money to take over the Lantau Island project?

Two in a row were thrown to Ahben.

Ahben vaguely guessed some of Wang Lei's thoughts, but she couldn't speak frankly with the elders.

"They are planning to buy the project on Lantau Island at the bottom."

The elders sneered:

"Based on the housing market environment in Hong Kong, it may take more than ten years for them to wait for the new bull market. Let them buy, and we will go to the United States to make money."

After hearing Ahben's report, Wang Lei couldn't help laughing.

This group of people misjudged the decline cycle of Hong Kong's housing market. In fact, the sharp drop in housing prices in Hong Kong lasted only six years since 1997.

The lowest point appeared in June 2003, 54,339 Hong Kong dollars per square meter.

In 2005, it broke through 100,000+ (115,358 Hong Kong dollars per square meter).

In 2007, it rose to 150,718 Hong Kong dollars per square meter, surpassing the peak in 1997.

So Wang Lei felt that the elders of the Ross family were a bit short-sighted, no wonder they made mistakes again and again.

The White Dragon Consortium made moves one after another, constantly buying back the projects on Lantau Island.

When Charles heard that Wang Lei wanted to buy the land he had, he simply regarded him as a savior.

The Lantau Peninsula project had become a famous unfinished project in Hong Kong. Others avoided it. Wang Lei was willing to take it over. He wanted to kowtow to Wang Lei.

The Lantau Peninsula project was sold for HK$340 billion, and a few years later, Wang Lei redeemed it for HK$170 billion.

The people of Hong Kong did a math for the Wangs. After getting the 340 billion in cash, the Wang Group used it to buy the bottom in the stock market crash. Although the housing market has not been very prosperous in recent years, Hong Kong stock prices have been rising.

Especially after the Internet bubble broke out in the United States, Hong Kong, as one of the world's financial centers, has become a safe haven for many international funds.

The tens of billions of dollars invested by the Wangs to buy the bottom has now more than doubled in market value.

Now it has only spent HK$170 billion to redeem the Lantau Island project. Anyone with a discerning eye knows that the Wangs have made a good deal.

They have fooled the foreigners around.

The White Dragon Group did not stop buying, and spent another 100 billion Hong Kong dollars to buy back the luxury housing project on the coast of Lantau Island.

In Wang Lei's eyes, this luxury housing project is even more important than the peninsula project on Lantau Island.

The prices of luxury houses in Gangcheng have skyrocketed due to the rush of mainland rich people to buy them. It is not a problem to sell top luxury houses at 900,000 per square meter.

The continuous purchases have made people in Gangcheng realize that the Wang family is buying the bottom of the housing market in Gangcheng.

This series of actions has given confidence to colleagues in the industry and the public in Gangcheng the confidence that the housing market will pick up.

The housing prices have risen sharply.

Wang Lei did not expect that he and his father would have such a great appeal among the people that the housing market would pick up ahead of time.

The Ross family and Dongdu Company, which had just completed the handover procedures, were envious to the point of separation.

If they had not signed the contract and completed the business replacement procedures, they would really want to regret the deal.

In order to stimulate housing prices, the real estate developers in Gangcheng wrote a lot about the deal between the Wang father and son, with vivid details, as if they saw the Wang father and son teasing foreigners.

They praised Wang Lei as an investment genius, who could recite poems at the age of three, make trouble at the age of six, and participate in the family business at the age of ten...

Wang Lei couldn't help blushing when he saw these tabloids.

Li Ershao even took a newspaper to humiliate Wang Lei.

"Shitou, look at this street stall magazine, it actually said that you were influenced by Uncle Wang's business in your mother's belly, and you were born..."

"Li Er, believe it or not, I will let you miss the opportunity to surpass your father's wealth?"

Wealth exceeds my father?

Li Ershao thought Wang Lei was joking with him:

"I guess I can't catch up with my father in this life, Shitou, don't use this to stimulate me."

He obviously didn't realize the seriousness of the matter.

Wang Lei smiled:

"I'm serious, I really have a way to make your wealth surpass Li Qian, the richest man."

If someone else said this, Li Ershao would not take it seriously, but the person who said it was Wang Lei.

Li Ershao was surprised when he saw that Wang Lei didn't look like he was joking:

"Do you have any way to help your brothers get rich?"

"Of course, but you have to show some appreciation."

Facing his good brother who was asking for benefits, Li Ershao whispered:

"I think Wang Duoxin is a good kid, how about I let you take advantage of me and marry my sweetheart to your Wang family."