Rebirth: The Era of Hong Kong Tycoon

Chapter 210 [Moving]

1975 1 Month 1 Day.

Lin Rongheng's family moved into Villa No. 66, Deep Water Bay. The so-called "family" consists of six people, Lin Rongheng, An Qi, Annie, Lin Jiahua, Lin Jiayi, and Lin Jiaji, that is, a husband, two wives, and three sons.

Lin Jiahua is the eldest son, over three years old this year, born of An Qi;
Lin Jiayi is the second son, now eight months old, born by An Qi;
Lin Jiaji is the third son, who is just one month old, born of Annie.

Villa No. 66 in Deep Water Bay is a European-style building with three plus one floors, that is, the bottom is a podium with six parking spaces; each floor has an area of ​​5500 square feet, and the entire villa has a floor area of ​​22000 square meters. square feet, the entire villa covers an area of ​​18500 square feet.

The villa is not directly adjacent to the bend of Deep Water Bay. There is a 60-meter curving private road between the two. There are eye-catching signs on both sides of this private road-private land, free for idlers, so that the maximum energy can be obtained. Avoid interruptions from others.There is a guard room at the gate, and the villa also has separate buildings for bodyguards and nanny. It is a two-story building, each floor is about 100 square meters, and can accommodate 6 bodyguards and 6 nanny.

The front of the villa is a yard, planted with some rare green plants; the backyard of the villa has a lawn and a swimming pool, and the front of the backyard is a deep water bay. Standing on the balcony of the podium, you can have a panoramic view of the sea.

The cost of the entire villa (including decoration and land) exceeds 1000 million Hong Kong dollars, and many materials are imported from the United States. In this era when the per capita salary is only more than 1000 Hong Kong dollars, such an expensive cost is also among the top few in Hong Kong.

After lunch, I saw off my relatives and friends. This time I moved into villa No. 66. Lin Rongheng invited Xu Shixun, Guo Desheng, and Lee Shau Kee three friends, and also invited An’s family; Lin Rongheng and Lee Shau Kee have been away for a long time recently. To work together to develop real estate.

Back in the living room, Lin Rongheng was sitting on the sofa, his face was slightly drunk, apparently he drank a lot at noon;

An Qi brought a cup of tea, put it in front of Lin Rongheng, and said, "There are still some hot! I'll go get some more fruit!"

Lin Rongheng closed his eyes and nodded, he was half drunk and only wanted to enjoy the service like a master.

The fruit hasn't arrived yet, and the soft fragrance is in my arms. It's Annie.

"The children are sleeping?"

Annie opened Lin Rongheng's right hand, put it on her waist, and snuggled into Lin Rongheng's arms, and said softly: "The boss is playing, the second and third are asleep!"

There is a nanny who takes care of the children at home, so Sister An doesn't need to worry too much.

Lin Rongheng gave an 'en' and stopped talking.

An Qi came in with fruit, saw that her younger sister had already taken a good seat, and immediately gave Annie a hard look, but Annie didn't take it seriously; one of the two sisters is good at serving others, and the other is clingy, this is Lin Rongheng's daily life.

"Husband, let me massage you to relieve your fatigue!"

"Well, give me a massage on the head!"

An Qi immediately walked up to Annie and said, "Let's go!"

Annie had no choice but to stand up because of her sister's lust. An Qi sat on the sofa and put Lin Rongheng's head on her lap, massaging her head with her delicate hands.

"Annie, feed your husband some fruit to soothe the hangover!"

"Ok!"

Enjoying the special service provided by the An's sisters, Lin Rongheng finally regained his composure and started to function.

In early November of last year (1974), the world gold price had risen to US$11 per ounce. Lin Rongheng asked four cooperative banks to start selling gold, and the selling period was limited to 180 days; after repaying loans and interest, and After paying the commission, Lin Rongheng received a cash flow of 40 billion Hong Kong dollars; plus the 88 billion Hong Kong dollars sold in March, in this wave of market, Lin Rongheng returned 10 billion Hong Kong dollars of funds, earning 98 billion Hong Kong dollars.

Before the stock market crash, Lin Rongheng cashed out 20 billion Hong Kong dollars in the stock market and made a profit of 4 million Hong Kong dollars from stock speculation, a total of 24 billion Hong Kong dollars; 20 billion of which was used to speculate in gold and made another 78 billion Hong Kong dollars, which is equivalent to 1973-1974. In the past two years, Lin Rongheng has a cash flow of 102 billion Hong Kong dollars.

Among them, secretly purchased stocks of Wharf, Hongkong Electric, Qingzhou Yingni, China Gas, Hong Kong Tramway, Hutchison Matheson, Hongkong Land and other companies, and successively injected 5 million Hong Kong dollars into Galaxy Securities;
Among them, the increase in holdings of Evergrande Real Estate, Universal Pictures, and Modern Newspapers cost a total of 4 million Hong Kong dollars (subsequent stock prices continued to fall, saving 1 million Hong Kong dollars compared to the original plan), and the increase has been completed;
Among them, 3 million Hong Kong dollars have already been spent on personal bottom-hunting real estate, 1.6 million Hong Kong dollars have been spent on the former site of the Chinese Bank and British American Tobacco, and 1.4 Hong Kong dollars have been spent on the purchase of three old buildings.

Among them, the investment in Xiaomi Electronics and its properties cost 1.3 million Hong Kong dollars; plus other expenses, it was almost 0.7 million Hong Kong dollars;
The whole year (1974) spent a full 14 billion Hong Kong dollars, just to spend the cash flow before selling a large amount of gold.

Therefore, Lin Rongheng's current cash flow is only 88 billion Hong Kong dollars left.

The word "merely" is relatively modest. As far as Lin Rongheng's financial strength is concerned, he is already the overlord in Xiangjiang;

The next day, Lin Rongheng came to Evergrande Real Estate.

The Three Musketeers came to Lin Rongheng's office hand in hand, and they came to report on their work.

He Rui said: "Boss, last year (1974) our Evergrande Real Estate's annual profit was 2.8 million Hong Kong dollars, still second only to HSBC!"

Lin Rongheng said with a smile: "It's too wet! The net profit of the real estate is only 7000 million Hong Kong dollars?"

He Rui nodded and said, "Indeed, the net profit of real estate is only 7000 million Hong Kong dollars, falling for two consecutive years! It is said that Sun Hung Kai Properties almost had this net profit last year, and they have grown for several consecutive years."

What He Rui said was generous, after all the strategy was formulated by Lin Rongheng and had nothing to do with them.

Evergrande Real Estate had the highest real estate net profit of 1972 million Hong Kong dollars in 1.3, and even half of the Chinese-funded real estate companies could not reach this level; The price plummeted, leaving only 1973 million Hong Kong dollars; the reason is that Lin Rongheng began to reduce the start of real estate construction in 1.2.

In terms of real estate net profit alone, Hongkong Land is undoubtedly the most powerful. In 1973, the net profit was 1.36 million Hong Kong dollars, and in 1974 it may reach 1.7 million Hong Kong dollars.

Although Evergrande Real Estate has a net profit of more than 2 million or even more than 3 million every year, it is entirely because of investing in stocks and gold.

Lin Rongheng said: "Sun Hung Kai Properties, including Henderson Land Development, are of the same origin. They develop real estate in accordance with the factory model, known as the 'building factory'; when property prices fall, they release them with a small profit and strictly enforce the freight forwarding process." Rotation, so the net profit will increase every year."

Apart from Hongkong Land, Sun Hung Kai, and Henderson Land, real estate companies such as Cheung Kong, Hopewell Properties, New World Development, and Great Eagle will see their net profits drop.

Zhang Ruohuai said: "In fact, our real estate investment in 1973 and 1974 was much larger than theirs. We just spent our energy and funds on rent-collecting real estate in the past few years. The net profit of more than 1 million yuan per year is more than half It’s all about rent collection.”

Generally speaking, in the 70s, Huazi Real Estate mainly focused on property development, and built commercial buildings. Except for the company headquarters building, most of the rest were sold, so that funds could be withdrawn quickly.

The reason why Lin Rongheng did the opposite was naturally because his own financial strength greatly surpassed these real estate companies; in addition, commercial buildings are treasures for long-term rent collection, and Lin Rongheng was reluctant to sell even one.

Lin Rongheng continued: "Real estates will stop falling this year and will pick up next year; therefore, from now on, we will double the speed of starting construction, mainly focusing on small real estate. At the same time, this year our commercial buildings are still only Rebuild two, so there are only four buildings left."

Now accelerate the start of real estate construction, and next year (1976) will just be able to sell off-plan properties;

Evergrande Real Estate currently has a land reserve of more than 400 million square feet, and will continue to purchase this year, and it is expected to reach more than 500 million square feet by the end of the year;

Hearing Lin Rongheng's analysis, the Big Three were encouraged. Evergrande Real Estate was finally going to start construction on a new site. Now the speed was doubled, but the three knew that in another year, Evergrande Real Estate might speed up again.

The boss is very prepared to grasp the situation. When the real estate market is at a low point, he mainly builds commercial buildings for rent collection. When the real estate market is at its peak, he sells development properties aggressively.

(End of this chapter)