The Wealth Empire Crossing the Hong Kong

Chapter 557
In a blink of an eye, it has come to the end of December. On the 12th of last month, Chen Xinyi's second daughter was born, and Li Jianhui named her Li Shuqi.

It's just that Li Jianhui doesn't have much time at home to accompany the newborn padded jacket. Every December, both the senior officials of the Xinjian Department and Li Jianhui are very busy.

Li Jianhui usually spends Saturdays and Sundays at home with his family as much as possible, but this month, not to mention going to work with senior management on Saturdays, he also works overtime with senior management on Sundays.

At the construction site of the second phase of Tianshui City, Li Jianhui said to Gan Qinglin while visiting the construction situation: "Since the second phase has been completed here, don't delay it until March next year. The house will be officially handed over on New Year's Day and let you buy it." Clients of Phase [-] properties were able to have a happy New Year."

In fact, if it weren't for the current bad environment in the real estate industry, the second phase of the project could have been completed and handed over long ago, and even the third phase has already started and sold to the outside world.

In the second phase, Gan Qinglin is not worried. Anyway, taking advantage of the good market, basically everything that should be sold has already been sold.

The most troublesome thing now is the third phase. Since the end of the negotiation in August, the housing prices in most areas have been falling in the past few months. Currently, the housing prices in Tseung Kwan O are still stable.

That is also mainly because the Xinjian Department and Tung Wah will build the second business district in Xiangjiang there. At the same time, the Xinjian Department also invested in the construction of the Eastern District Tunnel, which greatly shortened the distance between Tseung Kwan O and Hong Kong Island, so the housing price is still slightly stable. live.

But Tianshui City is not good. Although there are several universities and industrial areas, and the Dalan Tunnel will be completed and opened to traffic next year, it is still far away from the main city, and the housing prices cannot be maintained at all.

And at present, most of them are waiting and watching. Even if they are willing to buy a house, the first choice is Tseung Kwan O.

If given a choice, Gan Qinglin is not willing to rush to develop the third phase of Tianshui City. He just signed a contract with the government. Xinjian Real Estate Group must build houses for [-] people in a cycle of two years.

In other words, in March next year, he will have to start the third phase of construction, and according to Li Jianhui's instructions, the third phase is different from the previous two phases. The area of ​​a single house cannot be less than 600 square feet, and each house is still based on the number of people who have lived there. calculate.

This also leads to the need to occupy more land for the third phase, and the construction cost will increase accordingly. If the pre-sale is not ideal, it will be a big test for Xinjian Real Estate Group's funds.

"Li Sheng, there is no problem in the second phase of the house handover on New Year's Day, and all our work has basically been completed.

It’s just the third phase. Do you think we’re going to wait until the Tai Lam Tunnel is officially opened to traffic before proceeding with construction? "

Li Jianhui didn't understand what Gan Qinglin meant, but he couldn't just consider the current market, he also needed to consider the tens of thousands of construction workers on the construction site.

Most of these people have been working here since the first phase of construction in Tianshui City. It has been more than three years now. They are even the main force of the first phase of housing purchases, and their families have come to live in Tianshui City.

If we follow Gan Qinglin's suggestion, it means that the construction of the Tianshui City project will be suspended for half a year, which means that tens of thousands of construction workers may not have a stable income for half a year.

From Li Jianhui's point of view, the gain outweighs the gain. Xinjian Real Estate has difficulties because of Li Jianhui's transfer of funds and the need to develop in markets such as Baodao and Southeast Asia.

But this does not mean that the Xinjian Department has financial difficulties. One year is about to pass. When the Xinjian Department holds the 1982 annual summary meeting in early January, Li Jianhui will naturally allocate funds from major holding groups to support the construction of Xinjian Real Estate. Period is a piece of cake.

Therefore, Li Jianhui not only vetoed Gan Qinglin's opinion, but also demanded that the house be handed over on the 1st, and the third phase of the project would be officially started on the 2nd.

Li Jianhui has already made a decision, and Gan Qinglin can only follow orders, and he still needs to communicate with Xinjian Middle School and Xinjian Primary School to let them start their own scale expansion work to meet the supporting needs of the Tianshui City project.

According to Li Jianhui's plan, the third phase of the project can accommodate not only [-] people, but also [-] people. If it is calculated according to the living conditions in Kowloon, [-] people can live there.

He also knows that Li Jianhui's request is mainly to provide a relatively spacious living environment for six million citizens, so that a family of five or six people will not be squeezed into a small space of 400 square feet or even less than 400 square feet.

At present, no matter Xinjian Real Estate and Hutchison Real Estate under the Xinjian Department, or allies such as Huaren Real Estate, Guanghua Jianye, Jiulong Jianye, Xinhui Real Estate, etc., when developing in Xiangjiang, the residential area is required to be no less than 600 square meters. The proportion of 400 sq. ft. suites in the developed real estate shall not exceed 10%. In principle, the design and development of residential buildings less than 400 sq. ft. is not allowed.

You should know that Xiangjiang has to calculate the shared area. The area of ​​400 square feet is less than 40 square meters, and the shared area is only about [-] square meters. supporting projects.

If the development cannot even guarantee 400 square feet, the heartache of a family squeezed into those [-] to [-] square feet is unimaginable to many people.

Gan Qinglin lived in such a house when he first entered the society, so he is very supportive of Li Jianhui's request.

When talking about the sales of the third phase, Li Jianhui said: "You don't have to rush to sell the third phase, the sales department is open as usual, you don't need to make too much publicity, follow the market as you go, and follow the market price.

I believe that when the third phase of the project is completed, the situation will basically be settled, and the property market price will inevitably rebound sharply. "

With Li Jianhui's words, Gan Qinglin has no worries about the third-phase construction project. He even wants to sell less during the construction of the third-phase project. When property prices rebound sharply, Xinjian Real Estate can earn a lot of money. profit.

He did not ask for property prices to reach the peak of 81 Hong Kong dollars per square foot in early 1100. He would be satisfied with the increase from the current 450 Hong Kong dollars per square foot to 800 Hong Kong dollars per square foot. Skyrocketed billions of Hong Kong dollars.

From this, we can also understand why these families in Xiangjiang are so keen on the real estate industry, and we can also see how profitable these real estate companies were during the peak period of property prices.

Especially for a company like Li Jianhui who acquires land at the price of cabbage, the land acquisition cost will take up two or three floors of the total development cost, and even four or five floors in a good location, while the land cost for projects such as Tianshui City is almost negligible .

At the beginning, it was 1.5 Hong Kong dollars per square foot, but now the surrounding area has risen to about [-] per square foot.

Not to mention the development of these projects, just these hundreds of hectares of land have already made Xinjian Real Estate a lot of money.

This is also the reason why Li Jianhui has never let Xinjian Real Estate go public, otherwise, as soon as it goes public, it will immediately be able to top the list of listed companies in Xiangjiang Real Estate.

If the property market prices pick up, Xinjian Real Estate is fully capable of surpassing Huihong Group and becoming the largest listed company in Hong Kong.

Thinking of the huge profits after the rebound in property prices, Gan Qinglin even suggested that the third phase of the project should not be pre-sold, and that the sale will start after the cap is capped.

It's just that the idea was very good, but it was directly rejected by Li Jianhui, and he was asked to follow the trend. At this time, don't think about being new and different, let alone be blinded by that little benefit.

(End of this chapter)