Chapter 279： [Everyone is buying the bottom! 】(Ask a monthly pass!)

Chapter 279【Everyone is here to buy the bottom! 】(Ask a monthly pass!)

Watanabe is a Dongying real estate developer who has invested in real estate on Hong Kong Island for three years;

In early 1955, Hong Kong Island lifted the ban on buildings not higher than five floors;

As if he had discovered the New World, Watanabe immediately raised funds to invest in real estate on Hong Kong Island.

In the first year, he made 4 million Hong Kong dollars and another 6 million Hong Kong dollars in the second year. With such crazy profits, Watanabe decided to do a big deal and develop a large-scale commercial building project in the Central District.

Coincidentally, Cheung Kong Industrial happened to sell the land in the Central District, which was 120,000 square feet and was priced at 9 million Hong Kong dollars.

There is no doubt that Watanabe has obtained this piece of land.

After getting this piece of land, Watanabe’s plan is to build two large commercial buildings;

Watanabe immediately applied to the Hong Kong government to change the nature of the land. The residential land was changed to commercial land. Watanabe also needed to pay 20 million Hong Kong dollars for the land.

This is not a difficult task. Many Toyo businessmen have a Toyo consortium behind them. Watanabe received a 20 million Hong Kong dollar loan from Sumitomo Bank.

It is conceivable that the two commercial buildings were built less than half a year ago, and the real estate on Hong Kong Island plummeted; then, Sumitomo Bank refused to follow-up loans, leaving Watanabe in desperation.

I saw Watanabe again. Looking at Watanabe's face, Wu Guangyao felt that it had been ten years, the ten years of Watanabe's vicissitudes.

"Mr. Wu, why did you think of selling this land in the first place?" Watanabe couldn't help but ask.

Undoubtedly, Wu Guangyao’s behavior is suspicious. First he sold the land, and then he wanted to buy it.

"Mr. Watanabe, merchants are chasing profits, selling at high prices and buying at low prices, but it's normal. Then there are so many why!" Wu Guangyao smiled. He was not afraid that Watanabe would not sell, because he had to sell; , His other projects could not be kept.

Shi Jun has negotiated everything, but Wu Guangyao is just here to sign a contract.

The land in Wan Chai that was sold to Watanabe for HK$9 million, Wu Guangyao has now taken it back for HK$9 million;

It seems that Wu Guangyao has not made a profit. In fact, this land has changed the nature of its use, from cheap residential land to expensive commercial building land.

This piece of commercial building land was worth as much as 30 million Hong Kong dollars in 1957, or 250 Hong Kong dollars per square foot; now, Wu Guangyao can get it for only 9 million Hong Kong dollars.

Watanabe watched Wu Guangyao refuse to tell the truth, and tentatively asked: "Mr. Wu is hunting, does he think the real estate on Hong Kong Island will be restored?"

Wu Guangyao is a celebrity on Hong Kong Island, and Watanabe has naturally done some research; so I want to know whether Wu Guangyao thinks the real estate industry on Hong Kong Island will recover.

"Mr. Watanabe, as far as I know, you can't hold on for a year, so why care about the prospects of Hong Kong Island real estate; even if you gain confidence from me, you can persuade the bank to give you a chance for a few years Is it?" Wu Guangyao said amused.

Watanabe is not the only project on Hong Kong Island, there are still several residential buildings that have not been sold;

So, he must sell this land, otherwise his residential building will be confiscated by the bank.

Watanabe was immediately discouraged when he heard Wu Guangyao, yes, if he was not a last resort, how could he sell this land.

Even if the real estate industry on Hong Kong Island will recover, who knows the recovery cycle?

Many bankrupt real estate developers begged the bank assiduously at the time of bankruptcy, and let the bank give themselves some time, because they know that real estate will always go up and down; but as a bank, they will not give you a few years of opportunity. For them In other words, the longer the cycle, the greater the risk.

Under the witness of the lawyer, the two parties signed the name and stamped the official seal, and the transaction was completed.

Wu Guangyao’s Cheung Kong Real Estate finally owns the first commercial land. The 50 million Hong Kong dollars infused also cost more than 9 million Hong Kong dollars.

In the following time, Wu Guangyao frequently and low-key land acquisitions. The Kowloon area mainly used residential land, while the island mainly used to buy old-fashioned commercial buildings (the building was demolished and rebuilt in the later period).

North Point is located on the north shore of the island, with Victoria Harbour in the north.

Li Chaoren just bought a piece of land and plans to build a new 12-storey industrial building to enter the real estate industry.

At this time on Hong Kong Island, land prices have fallen by 70%, but the industry is on the rise;

Li Chaoren has always been cautious, so he chose to start with the development of industrial buildings.

At this time, Li Chaoren is still very conservative. Most of the funds for the construction of the building are his own funds; only a small part of the funds comes from borrowings from relatives and friends.

Of course, the plastic flowers of Huanghe Industry are exported to foreign countries, which can provide a steady stream of profits.

PS: The fact is that in the original world, because of the production of plastic flowers, Li Chaoren's "Changjiang Industrial" had a revenue of 10 million Hong Kong dollars and a profit of 1 million Hong Kong dollars in 1957 (the profit of plastic flowers on Hong Kong Island is extremely low, and the follow-up will be even lower. However, because of the emergence of Wu Guangyao, Zhou Zhiyuan helped Zhou Zhiyuan develop plastic flowers in advance and shared Li Chaoren's profits; therefore, last year, Huanghe Industrial's profit reached 600,000 Hong Kong dollars.

In addition to the profit in the first half of 1958, Li Chaoren used all his funds this time, totaling 900,000 Hong Kong dollars, and borrowed a little money from relatives and friends to build a commercial building.

"People abandoned me to take it, this time I will definitely show my ambitions, no one can stop me anymore!" Li Chaoren said to his cousin and lover, Ms. Zhuang.

"Brother Cheng, I believe you! You have achieved success on plastic flowers, and my father's attitude towards you has improved slightly. So, don't worry!" Ms. Zhuang said to her heartbroken cousin, who was 30 years old. , I made some small achievements. Although it was a little late, I believed that my cousin would definitely become the richest man on Hong Kong Island.

"Cousin, plastic flowers are just my first step. I want to become a real estate ‘big friend’ on Hong Kong Island. At this time, land prices on Hong Kong Island are cheap, so it is very suitable for bargaining."

Although Li Ka-shing is very cautious about real estate (less loans) at this time, he is optimistic about the real estate prospects on Hong Kong Island.

Li Zhaoji has long germinated the idea of ​​entering the real estate industry. How to develop real estate is compared with gold trading, exchange and import and export trade; the investment of the former requires at least a huge amount of capital. Unlike the latter, it can be frugal and free. .

"Fate is the desire of everyone, and having a roof is the wish of every household." This convinced Li Zhaoji that the real estate industry must have great achievements!

Xia Hui Restaurant in Central

Li Zhaoji likes to be here on weekdays, having lunch and tea talks with a group of business experts, exchanging market information, researching investment opportunities, and discussing current affairs and politics.

Since he took the real estate business to heart, he has noticed that there are many people in the same way.

First of all, Feng Jingxi, who has been known for a long time, welcomes all new investment concepts. As long as there is business to do, he will be excited.

Secondly, in the earliest days, Guo Desheng, the proprietor of letter issuance specializing in foreign affairs in Macau, and then opened Hongchang Company on Hong Kong Island; while continuing to operate foreign affairs business, the other side also noticed the demand for people's livelihood driven by the population expansion speed of Hong Kong Island. And determined to concentrate on the development of real estate.

It is not only Li Zhaoji, Feng Jingxi and Guo Desheng who talk about the issue of Hong Kong's real estate development, but also Hu Zhaochi, Huang Shaoxuan and Qi Zonghuang.

Since the views are the same, the views are the same, so they sit down and act;

Guo Desheng, Feng Jingxi, and Li Zhaoji, plus Hu Zhaochi, Huang Shaoxuan, Qi Zonghuang, and their good friends Lu Xianzao and Guo Jintao, a total of eight people, are determined to operate a real estate joint venture-Yongye Enterprise Company.

Although there are actually eight people, because the other five people have other businesses to do, the only people actually operating are Li Zhaoji, Guo Desheng, and Feng Jingxi.

After the establishment of Yongye Company, the three of them made their first shots and successfully won the Sha Tin Hotel, which was well-known in the industry.

If the Sha Tin Hotel is left before 1957, the value will exceed 5 million Hong Kong dollars; but in 1958, the price was only about 30%.

Think about it, if it weren’t for the collapse of Hong Kong Island’s real estate in 1958, would the four major families of these later generations still have such a smooth run?

Zheng Yutong has been operating a gold shop over the years, and the funds in his hands have reached several million. However, since the development of the Blue Pool Villa (a total of five villas) in 1952, Zheng has never dabbled in real estate.

Time came to 1958. Land prices on Hong Kong Island were extremely cheap. Zheng Yutong, who was addicted to jewelry, couldn't keep his breath anymore, and finally decided to go to the sea to try the depths.

At this time, Zheng Yutong has already begun to bear the courage.

His vision is to buy land to buy prosperous land, and to build a building to build a beautiful building.

The land outside the city is cheap and easy to take, but Zheng Yutong has his eyes on the busy city of the city.

In August 1958, Zheng Yutong bought the triangle between Yee Wo Street, Paterson Street, and Great George Street, which are the most prosperous business districts in Causeway Bay, and planned to build a luxurious Hong Kong Island building.

Zheng Yutong naturally does not worry about funding problems. With Chow Tai Fook, the golden rooster, it is very easy to borrow money on his own.

(End of this chapter)