The Wealth Empire Crossing the Hong Kong

Chapter 522

Affected by the last month, the real estate market in Xiangjiang has experienced a situation of ice and fire. The already sluggish market in real estate sales has become even colder. However, because the Bryan government has implemented a plan to increase the number of permanent residents by [-] people a year, the rental market has become increasingly cold. Very hot.

This has also led to a decline in housing prices, while rental prices are rising, forming an extremely abnormal upside-down phenomenon.

As the elites of the Hong Kong business community, they are naturally very aware of the reasons for this situation. The increase in the number of migrants is only a part of the factor.

The more reason is that many citizens are uncertain about the future situation, so those who have the ability to buy a house have temporarily postponed this plan, but continue to choose to rent a house.

Some even directly sold their houses and chose to rent a house, so that they can leave as soon as they say it, so as to avoid huge losses caused by future changes in the situation.

Faced with the current situation, Xinjian Real Estate has also slowed down the construction progress of the Tianshui City project. Originally, the second phase of the project could be handed over in October, and the third phase of the project started construction at the same time.

Just considering the current market, Xinjian Real Estate is planning to deliver the house in February next year in accordance with the contract signed with the government, and start construction of the third phase in March.

As for the housing rental market, the Xinjian Department has not participated in it at present, and Li Jianhui has no plans to ask the Xinjian Department of Enterprises to act as a renter for the citizen housing rental market.

It's just that there are some things that Li Jianhui doesn't want to think about. Since Peng Kezhi has already gone to Sin Chew to serve as the president of the Southeast Asian Development Bank, and the former executive vice president Du Ningxue also went to Perth to serve as the president of Lippe Bank, Li Jianhui is temporarily concurrently serving as the president of Xinjian Bank , in order to maintain the confidence of shareholders in Xinjian Bank.

And on the morning of the 6th, Li Jianhui received a report from Lin Yiming, executive vice president of Xinjian Bank, that Xinjian Bank has ushered in a wave of supply cuts, especially those who bought at the peak of 80 Xiangjiang property prices, and are ready to give up. Some of the purchased houses were interrupted by employees of the Xinjian Department and Donghuahui.

The reason is that the house price has fallen by half, or even 2/3, compared to the price when they bought it. They have to pay the loan to buy a new set, so how can they continue to pay.

Faced with this situation, Li Jianhui is also quite difficult. This is the difference of the free market economy, which is completely dominated by the market. No one will come to the bottom. I don't know how many banks will fail this time.

And once this news spreads on a large scale, I am afraid that a new round of bank runs will come again. The bank has loaned out so much money, but what it returns is only a house, which will be a huge blow to the bank.

In order to deal with this problem, in the afternoon of the same day, the executives of Tung Wah Club Xiangjiang Bank and the real estate company held a joint meeting to discuss how to deal with the houses in the hands of the bank, so as to avoid too much drag on the development of the bank.

"Everyone, I specially invite you to attend this meeting today, mainly because of the changes in the real estate market in Xiangjiang. As a result, our major banks have a lot of out-of-supply houses that need to be dealt with urgently. I don't know if you have any good suggestions to avoid large-scale Supplies are a drag on the development of our industry."

For this aspect, the major real estate groups are currently not very interested. Their main funds are used in the expansion of the Southeast Asian, Taiwan and Japanese markets. At present, the markets there are not bad, and the profits are also considerable.

On the other hand, the property market in Xiangjiang is afraid that it has not reached the bottom yet, and because it is mainly affected by the situation, it is doomed that it will not improve in a short time. They are not willing to put limited funds in it.

Seeing that there were no voices from the top management, Li Guobao was unwilling to watch the situation become awkward, and said, "Jianhui, it is impossible for the major real estate groups to let them take over, and this is also inconsistent with their development focus.

In my opinion, to solve this problem, the main thing is to mobilize the elites of several major real estate groups to help the major banks deal with these properties. "

Upon hearing Li Guobao's suggestion, Gan Qinglin, president of Xinjian Real Estate, immediately said: "Li Sheng, at present, no matter whether we are Xinjian Real Estate or our sister companies Hutchison Land, Wheelock Land, Chinese Land, Jiulong Jianye, Guanghua Jianye, etc. , At present, they are developing in many markets such as Xiangjiang, Taiwan, ASEAN, Japan, etc. There is a shortage of personnel, and there is no extra manpower to be transferred to major banks.

I think that this time the major banks should set up a non-performing asset management department to focus on managing these houses and shops that have been cut off, and recruit personnel from the market.

In the past two years, due to the downturn of Xiangjiang Real Estate, there is no shortage of talents in this field. As long as a few major banks are willing, there will inevitably be a large number of talents to invest. "

Li Jianhui was a little speechless about Gan Qinglin's petty attitude. The presidents of these listed real estate groups hadn't spoken yet. As a result, as the president of an unlisted company, he took the lead in expressing his unwillingness to provide manpower for several major banks.

"Qing Lin, as well as the senior management of our major real estate companies, you can't only consider the development of your own management companies, but also look at it from the standpoint of our Donghua Association.

You have to know that no matter the bank, the real estate company, or even our other companies, they are all one family. Don’t talk about whether the transfer of manpower can be done, even if it is really transferred, you should not be emotional.

As for the management and operation of these properties by the major banks, it is not very good. The focus of the banks is on finance, rather than operating industries, let alone operating real estate.

As Guobao said, we need relevant talents to help us evaluate the value of these houses and help us deal with them in a timely manner. This time, people must be transferred.

But everyone can rest assured that the major banks only need a few responsible persons, and other talents will be recruited externally, which will not affect the development of major real estate companies in various markets. "

Regarding how to deal with these forfeited houses, due to the current market and situational factors, everyone has not come up with a good solution, and they can only be managed by the major banks temporarily, and then deal with them after the market improves.

However, in order to avoid a possible run, Li Jianhui and others also specifically asked the major banks to make preventive plans.

In addition, in terms of real estate, except for necessary development projects, the development of all new real estate is temporarily suspended, and all energy is used in the Taiwan, Japan and ASEAN markets.

But in terms of land acquisition, the major real estate companies still have to continue. Don’t be afraid to reserve a lot of land. They can rent it to Xinjian Vegetable Company to grow vegetables for the time being. The major banks will fully support the land acquisition funds.

Unlike those who are hesitant, Li Jianhui is firmly optimistic about the future property market, and now it is just a short period of two or three years of pain.

After going through the darkness in front of us, we will surely usher in a bright future, when the market value of major real estate companies will surely skyrocket.

Li Jianhui doesn't know how many trillion-level real estate companies there were in his previous life. Anyway, he hopes that in ten or twenty years, Xinjian Real Estate, Wheelock Land, Hutchison Land, Jiulong Jianye, Huaren Land, Guanghua Construction, Xinjian Real Estate, etc. Hui Real Estate can become a company with a market value exceeding one trillion yuan.

This also makes him unwilling to give up every opportunity for real estate companies to take off, such as the Hong Kong market, the Japanese market, and the future mainland market.

The secret to its rapid take-off is to acquire land at a low price, develop in an orderly manner, and generate high returns.

From this point of view, Li Jianhui is definitely a layman, which is cast aside by many traversers.

(End of this chapter)