Rebirth: The Era of Hong Kong Tycoon

Chapter 3 [Establishment of a Real Estate Company]

Time flies, and in the blink of an eye, Lin Rongheng has been in Hong Kong for half a year.

1970 4 Month 1 Day.

Central Queen's Road, Wan Bang Building.

Lin Rongheng was sitting in his office, full of energy, it was really cool to be a boss!

The 1969-1970 horse racing season has come to an end. In the past six months, Lin Rongheng has made a total profit of 155 million Hong Kong dollars by relying on 'borrowing the east wind and borrowing arrows', as well as careful analysis and calm betting plan, accumulating a huge amount of money. Start-up original fund.

Just last month, Lin Rongheng rented a 1500-square-foot office building in Wanbang Building in Central, and registered a real estate company, Evergrande Real Estate.

Evergrande currently does not have the strength to be a developer, so Lin Rongheng registered a real estate company.

At present, Lin Rongheng's primary goal is to list his real estate company before 1973. Otherwise, if he cannot raise funds, he will not be able to hunt for the bottom when the real estate plummets from 1973 to 1974; only capitalists who know how to use the stock market can quickly become strong. Own.

In order to be listed, the minimum standard is that the company has assets of 2000 million Hong Kong dollars. This is due to the establishment of the Fourth Council and the lax supervision of the Hong Kong government.

The difference between 155 million Hong Kong dollars and 2000 million Hong Kong dollars is about 13 times. It is very difficult for others to double it in more than 2 years, but it is no problem for Lin Rongheng. It is nothing more than a problem of leverage + bank loans.

"Dong dong!"

There was a knock on the door.

Lin Rongheng sat up slowly, leaning on his body, and then said, "Come in!"

The door of the office was opened, and a beautiful and youthful girl in business attire came in. She was her assistant, An Qi, a top student who graduated from the University of Hong Kong; Lin Rongheng would not make his company a mess, so the recruited employees must be talented Put it first.

"Boss, you made an appointment with Mr. Xu to talk about business! It's almost time to leave now!"

Lin Rongheng looked at his watch, nodded and said, "Yes!"

After leaving the office and passing the staff office hall, four staff members have been recruited, plus one financial manager and one deputy general manager sitting in the office, plus Li Chaocheng, An Qi, Lin Rongheng's full-time driver Sun Yang, Evergrande The property already has 9 employees.

"Brother Rong!"

Li Chaocheng greeted him at the door of the office building.

Lin Rongheng nodded with satisfaction and said, "You're in good spirits! Come on, let's talk business with me!"

Li Chaocheng has no specific position in the company, so he can be regarded as someone who eats with Lin Rongheng.

"kindness!"

Li Chaocheng knew that there was only one role for Lin Rongheng to bring him, and that was to run errands, an errand that Lin Rongheng trusted.

Coming to the parking lot of Wanbang Building, the driver Sun Yang opened the car door for Lin Rongheng. Lin Rongheng took advantage of the opportunity to sit in the back row and said to Li Chaocheng who wanted to sit in the co-pilot: "Sit in the back row with me!"

The car slowly drove towards the Zhongjian Building on Pedder Street. There were only Lin Rongheng and Li Chaocheng in the car, and Sun Yang, the driver, had no real assistant.

China Construction Building, formerly known as the Hong Kong Hotel, was purchased and rebuilt by China Construction Enterprise Co., Ltd. founded by the old ship king Xu Aizhou in 1957. It was completed in 1958 and has a height of 17 floors.After Xu Aizhou's death in 1966, the family business was divided again: the eldest son Xu Qibo was in charge of the aviation industry, the second son Xu Shifen was in charge of the mining business, and Xu Shixun was in charge of the real estate.

The person Lin Rongheng met today was Xu Shixun, who was in charge of the Xu family's real estate business;
Speaking of which, at Lin Rongheng's level, he would not have access to a real estate tycoon of Xu Shixun's level.However, the two became attached to horse racing, and Lin Rongheng took the initiative to introduce himself at the Jockey Club; then Xu Shixun happened to win another horse bet, so he probably felt that Lin Rongheng brought him luck, and the two chatted. stand up.

Because Lin Rongheng has a shallow foundation, he is basically the kind of person who will climb up the stick whenever he has the opportunity to meet a big man. After that, Lin Rongheng and Xu Shixun made two appointments to watch the horse racing, and finally established a little relationship.

When he came to the Zhongjian Building, Lin Rongheng asked Li Chaocheng and Sun Yang to wait for him in the car. After all, it is impossible to bring employees with such a big boss.

As soon as I walked into China Construction Enterprise, a beautiful female front desk greeted me and asked very professionally, "Sir, do you need any help?"

Lin Rongheng looks handsome, and now that he is rich, he is really charming and full of temperament. After looking at the female receptionist a few times, her face turned rosy.

"I'm Lin Rongheng from Evergrande Real Estate. I have an appointment with Mr. Xu!"

"Hello, Mr. Lin! Please come with me"

Big companies are different. There are hundreds of employees in the office building alone. Lin Rongheng has more strength to fight!
Coming to a luxurious office, Lin Rongheng said with a smile: "Xu Sheng, hello!"

Xu Shixun was looking at the document. He didn't look up when he heard the words, but just greeted him with his hand and said, "Rongheng, sit down first and wait for me!"

Lin Rongheng replied, "Okay, Xu Sheng!"

Lin Rongheng didn't feel anything. Xu Shixun himself might have known at a glance what he thought of befriending Xu Shixun; to put it bluntly, Lin Rongheng just wanted to hook up with him. It is not uncommon to run errands and accompany drinks like employees.

There are many people who want to run errands for others. If Lin Rongheng doesn't have any skills, he won't be able to do it himself!
Lin Rongheng sat down calmly, then looked at Xu Shixun's office, the mahogany desk and chair; there was a word on the wall, which was the handwriting of the old ship king Xu Aizhou.

Speaking of which, although Xu Aizhou was from a farmer’s background, his father later became a businessman and was considered a rich second generation. Xu Shixun, who was born in 1921, was a rich third generation; In the eyes of later generations, at least it is more than five generations.

After about 10 minutes, Xu Shixun put down the document in his hand and said, "Rongheng, what is your business with me?"

Lin Rongheng leaned forward a bit and said, "That's it, Xu Sheng! I heard that the high-end residential project of Lihao Pavilion in the mid-levels of China Construction is selling off-the-plan apartments, so I want to buy a batch of off-the-plan apartments too!"

The so-called off-plan is a pre-sale license issued by the developer before the government has allowed the sale of the off-plan house; the off-plan is earlier than the off-plan, and some are preparing to sell the off-plan just as soon as the land is acquired; and the reason why the developer I am willing to sell off-the-plan properties because I can withdraw a batch of funds in advance.

But generally, the first batch of uncompleted condos can be bought by companies that have a certain relationship or cooperation with the development, or some government officials, not everyone can get them; The speculators take over.

Real estate has been on the rise since the beginning of 1969, and now it is booming time, and some high-quality real estate projects are very attractive.

Xu Shixun heard the words and said calmly, "How many off-plan properties do you want to take?"

Lin Rongheng said, "I'm going to take off the plan for 100 million Hong Kong dollars!"

I don't know how much an off-the-plan property will cost, and I don't know if Xu Shixun will give him a 20% down payment, or a 15% down payment, or even a 10% down payment, so Lin Rongheng can only say that he wants to buy one million Hong Kong dollars.

Lin Rongheng has calculated that the current price of high-end residences in the mid-levels ranges from HK$135 to HK$140 per square foot; Lin Rongheng knows that the price of high-end residences in the mid-levels will rise to HK$200 per square foot by the end of the year. Earn 60 HKD.

一套1000平方尺的高档住宅，现价值14万港币，买楼花最高只需支付20%的首付款（2.8万港币），最低只需10%的首付款（1.4万港币）；按照20%首付计算的话，100万港币可以拿下35个楼花。

One off-the-plan property can earn 6 Hong Kong dollars by the end of the year, and 35 off-the-plan properties will earn 210 million Hong Kong dollars. This profit is more cost-effective than investing in stocks; if you only need a 15% or 10% down payment, you will earn more.

Xu Shixun was a little surprised and said, "I thought you only needed a few off-plan properties, but I underestimated you!" After thinking about it, he continued: "Let's do it! I have a dinner party at night, you accompany me to go first! "

Although he did not directly agree to Lin Rongheng, inviting Lin Rongheng to the dinner was at least a test!

"Xu Sheng, what time do you get off work at night, I'll be waiting for you downstairs!"

"It's almost 5 o'clock!"

(End of this chapter)