The Wealth Empire Crossing the Hong Kong

Chapter 370

Entering August, Hongkong real estate practitioners are in mourning. The middle class is selling, real estate speculators are selling, and developers are also selling, and all of them are tearing up the sale, and the price has been dropped again and again.

At the beginning of the year, the peak average price per square foot was around 1000 Hong Kong dollars, but now it has dropped to around 700 Hong Kong dollars, especially in Sham Shui Po, East Kowloon, Sha Tin, Wong Tai Sin, Tsuen Wan and other places, where the price has almost dropped by half.

Don't say that many small real estate companies can't handle it. Now some well-known real estate companies are facing a huge crisis.

Among the real estate companies in Xiangjiang, apart from the several wonderful real estate groups under Li Jianhui, there are not many real estate companies that do not seek bank financing and loans, and the leverage ratio is quite high.

Now that housing prices have dropped sharply, the company's market value has also plummeted. On the one hand, there are few customers in the development of real estate, and the funds cannot be withdrawn. On the other hand, the bank is chasing money.

It is not just the developers who are anxious now, but the Bryan government is also anxious. Once the property market continues like this, countless real estate companies will close their businesses, and the unemployment rate in Xiangjiang will rise rapidly. This is not conducive to the stability of Xiangjiang, especially in such a special situation. A period that neither the Blaine government nor London wants to see.

Moreover, due to the sharp drop in housing prices, land prices in Xiangjiang also dropped sharply. At the land auction in July, the auction price for similar plots and similar areas was less than half of last year's, and the main bidders were those owned by the Donghua Club. Real estate companies, especially Xinjian Real Estate and Hutchison Real Estate.

You must know that the biggest source of tax revenue for the Xiangjiang government is the land transfer. If the situation cannot be improved, the government will only have less and less expenditure in the future.

In order to improve the current situation, on the afternoon of Chinese Valentine's Day, Chief Executive Xosos negotiated with the main representatives of the Xiangjiang business community in Conference Room 306 of the Peninsula Hotel.

"Thank you very much for being able to attend this meeting in spite of your busy schedule. Due to some factors, the Hong Kong property market, stock market and even the entire economy are in a downturn. I specially invite you to come here today, and I also want to discuss with you the next time of Hong Kong's economy. If you have any opinions on the development of this section, you can put forward it.”

The representatives of the real estate developers who were present immediately spoke out as soon as Xoss finished speaking. Although the expressions of the various parties were not the same, the central idea was the same, that is, they hoped that the government could come forward to hold down the current housing prices.

Representatives engaged in construction and building materials hope that the government will increase investment in roads, subways, and public buildings in Xiangjiang to stimulate the economy of Xiangjiang.

Some representatives of research and manufacturing enterprises headed by Wang Haichuan hope that the government will lower the price of industrial land and introduce more policies that are conducive to the development of industries such as communications and semiconductors. Xiangjiang cultivates more technical talents.

The financial elites headed by Li Fuzhao hope that the government will relax the standards for non-local enterprises to list in Xiangjiang, lower their profitability standards in some high-tech industries, and attract more enterprises to come to Xiangjiang for listing.

Representatives of shipping companies headed by Dong Haoyun hope that the government will introduce more measures conducive to the development of shipping and increase the cooperation between Xiangjiang and the mainland.

Some representatives, headed by Chartered Shipping King, hope that the government will introduce favorable policies to support Xiangjiang to become a bridge between the mainland and the West, and make Xiangjiang a trade transfer point between the mainland and the West.

Some representatives headed by Li Jianhui hoped that the government would organize a delegation from the Xiangjiang business community to visit Japan, South Korea, Taiwan, Southeast Asia, England, Australia, Canada, Germany, France, Italy, the West, and the mainland for investigation and cooperation to assist Xiangjiang enterprises in developing more markets.

"I also understand everyone's opinions, but many policies will take a long time to be effective, and the most important thing for us now is to strengthen the confidence of Xiangjiang citizens in the future of Xiangjiang.

In this regard, I hope that some enterprises can increase their investment in Xiangjiang, especially some high-end manufacturing enterprises.

As for the government stepping in to drag the market, don't think about it. If the real estate industry is to get out of the current predicament, economic development is more needed, so that the citizens of Xiangjiang can have money in their pockets and let them see the future.

In terms of basic public facilities, everyone should not expect it for the time being. There are currently multiple lines on the subway that are under construction at the same time, and there are also many universities under construction on the school side. Now that the government has a financial gap, it is simply unable to increase this aspect. invest.

Of course, if any of you plan to invest in the subway or establish a university, our government will approve it, and we will also assist your university to obtain the qualification to issue a degree, which is recognized by the member states of the Commonwealth of Nations. "

At this moment, every family wishes to have a little more cash in their hands, as there is no money to invest in it.

Li Jianhui is not short of money, but at present he has established as many as five universities with sole proprietorship and joint ventures, and the subways in several areas he focuses on are already under construction, so he has no need to invest in other lines at all.

So much so that there was a moment of silence after Xos's voice fell, and Xoss might not be easy to improve the current situation.

In fact, the business elite present here are very aware of the fundamental problems facing Hong Kong's economy. If that matter can be resolved, the citizens of Hong Kong will naturally have confidence in the future, and development will not be a problem at all.

It's just that this matter is a big country's game, and these little shrimps can only passively wait for the result, and only hope that it can be resolved peacefully, so as to avoid the destruction of their decades or even hundreds of years of foundation.

Xos obviously didn't want the scene to be quiet, he said: "Mr. Li Jianhui, because of your layout, except for the slight impact on Tianshui City, your industry will suffer the least damage in this round of crisis.

And recently, your industry is actively exploring the markets of Baodao and Southeast Asia. Except for some continued construction projects in the past two years, Xiangjiang has not invested in new projects this year. I wonder if you can invest in some projects this time. The citizens of Xiangjiang have some confidence. "

Li Jianhui was originally planning to stay out of the matter, but Xoss had already called his name, so he could only speak:
"Although I haven't developed any new projects this year, you all know that the projects under construction in Xiangjiang under my banner include Tianshui City, several Dafa Defeng Plazas, Tailan Tunnel, Huihong City, Phoenix Industrial Park, Whampoa Garden, Tseung Kwan O and Macao Garden, Xiangjiang Aviation Base, Xiangjiang Electric Power Plant, Xiangjiang Gas Storage Center, etc.

Xin Jian, Heung Kong Finance and Economics, Heung Kong School of Architecture and other universities, as well as six office buildings of Xin Jian, Jiayi, Huihong, Tesco, Wheelock Land, and Hutchison Land are accelerating their construction.

Just in terms of investment, this year my industry is still ranked first in Xiangjiang, and I can't find any new projects to invest in. "

Li Jianhui didn't say it's okay, everyone present here is a little autistic, and his family's property is not worth mentioning compared to Li Jianhui.

Xoss couldn't find any projects for Li Jianhui to invest in for a while. As for office buildings, Li Jianhui already owns Wheelock Building, Huangpu Building, Jiayi Building, Federal Building, and International Building, and now he is building six office buildings at the same time. The building is enough to meet the needs of the Xinjian Department.

As for the schools, Li Jianhui also owns enough, and Li Jianhui obviously will not take advantage of them. If some projects are not beneficial to the Xinjian Department, Li Jianhui will not invest.

(End of this chapter)