Hong Kong's new giants

In early October, New Times Group issued an announcement: the company will build Tsuen Wan Plaza, the large-scale housing estate of Love of the Sea, and the large-scale housing estate of Tsuen City Plaza on Yangwu Road, Tsuen Wan, and the old wharf area of ​​Tsuen Wan, with a total investment of 10 billion yuan (enclosed) land).Including Citywalk (shopping center), which is about to be completed, New Era Group will invest 160 billion in this area.

among them:

Tsuen Wan Plaza will consist of a large shopping mall, an 88-storey commercial building, and a 42-storey commercial building;
Haizhilian and Quan·Chenghui are high-end residential communities, and Haizhilian is also a sea-view housing complex.

For a time, the industry was shocked.

In fact, everyone knows that in the past two or three years, New Times Group has frequently exchanged land in Tsuen Wan by using a large number of land exchange rights in its hands; it is just that New Times Group will announce such a huge investment in one project.

An 88-storey commercial building alone is already the tallest building in Xiangjiang (it is still Central Plaza), not to mention that New Times Group owns two super large shopping malls and two large residential complexes in this place. It can provide 6000 residential units, and Xiangjiang only provides more than 2 residential units a year.

Generous!
After New Times Group released this announcement, the real estate market in Xiangjiang suddenly became hot again, and residential real estate in Xiangjiang has generally risen by 5% this year.

New Era Group.

Lin Zuhui looked at the shares of New Times Group on the computer, and couldn't help marveling at the charm of the "leader". The market value of New Times Group has reached 750 billion, which has exceeded Lin Zuhui's expectations for this year.

Now that the New Times Group has just released a large-scale project, I believe that 800 billion this year is still no problem.

In fact, it stands to reason that New Times Group should be dragged down by the office building, after all, the office building has not performed well in the past two years.

However, due to the good location and good management of the office buildings of New Times Group, investors have always regarded them as a model and benchmark for Heung Kong Properties; in addition, the non-recurring profits of New Times Group are very high every year, so investors Think office building is a long-term investment.

The real reason for New Era Group's soaring price is Lin Zuhui's charisma and huge land reserve.

After a while, Gao Yi from Chinese Real Estate came in.

"Boss, Toppan Printing has agreed to sell Toppan Building for 6.2 million Hong Kong dollars, and the South China Morning Post said that it still needs to consult the headquarters!"

Toppan Printing is a Japanese company that started business in Hong Kong as early as the 60s.It is also reasonable to sell Toppan Building now, firstly because the bubble crisis is breaking out in Japan, and secondly because the Xiangjiang office building has been sluggish for more than two years.

Lin Zuhui said: "Then take the Toppan Building first, and the South China Morning Post Building will wait for the opportunity!"

Gao Yi nodded and said, "Well, I'll discuss the signing date!"

In Lin Zuhui's view, this business is just a matter of convenience. If the two companies intend to sell the building, then New Times Group will take it; when Swire Properties wants to develop "Taikoo Place" in Quy Bay in the future, it will naturally pay a high price Purchased two buildings from New Times Group.

A 50% profit a year, making hundreds of millions, is still very worthwhile.It is more trouble-free than speculating in futures contracts.

In the morning, Fang Jin also came to Lin Zuhui's office with something in his hand.

Lin Zuhui said with a smile: "I don't lack anything, don't give me anything in the future!"

Although he was very satisfied with Fang Jin's attitude, Lin Zuhui really didn't need gifts from others.

Fang Jin put the things on Lin Zuhui's desk, and said, "Of course you don't need anything, but I saw that Zhang Daqian's "Mount Qingcheng" was being auctioned, and you happened to be away from Xiangjiang, so I planned to take a picture and give it to you. !"

Lin Zuhui immediately became interested, spread out "Mount Qingcheng", and then carefully observed it. He is also considered a half-collector, and his appreciation level is still high. He learned it from Xu Zhantang.

"Good painting! Collecting this thing may make you more money than you do in real estate!"

"Then I have to understand it too. Didn't the boss say it, don't do it if you're not familiar with it!"

Lin Zuhui raised his head and couldn't help but said, "You remember everything I said!"

Fang Jin continued to flatter, and said: "There are so many people in Xiangjiang who worship the boss, how many of them have listened to the advice of the boss. I think those of our students back then, if they had listened to the stocks you introduced by the boss, they would have realized it by now. Wealth and freedom!"

"Ha ha"

Lin Zuhui was in a good mood, and this flattery hit the spot.For a long time, the training class held back then was regarded as a small "stain" of Lin Zuhui, and it has not been made public so far.

But thinking about it now, if those people bought HSBC according to their own advice, it would be like a pension system; even if they bought stocks in companies such as Sun Hung Kai, Cheung Kong, and New World, the interest rate was much higher than that of banks.

Then, Lin Zuhui asked: "Are you looking for me to buy a house inside Scenery Garden?"

Fang Jin shook his head and said, "I've already discussed with Manager Chen Xiaofen about Scenery Garden, and I'm still bothering you there! Come over and deliver the paintings!"

Lin Zuhui nodded, and then said casually: "You bought the Chungking Mansions rightly. You can rent it out after redecorating it. As long as you manage it well, there will be no accidents in two years, and it will be easy to sell for [-] or [-] million. As for Fengshui, in fact It’s all self-consolation, you have sons and daughters now, don’t rush into business, don’t gamble, and your assets will naturally grow rapidly.”

A rich man can spend a lot of money in luxury restaurants, wear a suit worth tens of thousands of yuan, live in a mansion worth hundreds of millions, and drive a million-dollar car. Yes, I have only heard of investment failure and bankruptcy, and gambling and bankruptcy.

Fang Jin nodded seriously. He admired Lin Zuhui very much. The boss has never been in a casino, nor has he ever taken the initiative to go to a nightclub; of course, the level is different. , naturally interested in those too.

Now that he heard that the big brother paid a huge sum of money to buy the Chungking Mansion, he could make a lot of money, Fang Jin was also very happy.This business was paid out of his own pocket, and was not completed through a listed company.

The two chatted for a while, and Fang Jin took the initiative to say goodbye!
As for Zhang Daqian's paintings, they naturally remained, and Lin Zuhui didn't care about these trivial matters.

He has supported Fang Jin in too many places, if not for him, how could Fang Jin have squeezed into the big D club.The development of Great Wisdom relies on acting as an agent for New Era Group, and it has also obtained a lot of resources first.

This time, Sceneway Garden sold more than 900 residential units, and the number of internal offtakers (agents, large-scale real estate speculators) was only more than 300, and all the rest were released.

这几年炒房的人真的是可以赚大钱，在1991年2月，市区2000元每平方尺、九龙1800元每平方尺、新界1600元每平方尺；
At present, the urban area is generally 3000 yuan per square foot, Kowloon 2800 yuan per square foot, and the New Territories 2500 yuan per square foot.

These do not include large housing estates, which are more expensive!

If it takes another two years, the urban area will generally be five to six thousand Hong Kong dollars per square foot, and some high-end residential areas will be more than 2 yuan.

At present, the salary of a college student when he graduates is around 1. Suppose he needs to buy a 500-square-foot Kowloon residence (total price is 140 million), which theoretically takes 12.5 years.

若是到了1994年，薪资最多涨到1.2万上下（刚毕业），但一套九龙住宅需要280万（500平方尺），他理论上就需要18~20年。

The more you delay, the more you can't afford it!

For these situations, of course Lin Zuhui can only follow the trend. Since he can't change it, he should be the biggest real estate developer.

In fact, in terms of the supply of residential buildings, New Times Group ranks behind Sun Hung Kai and Cheung Kong, and is not considered the largest development real estate developer (the supply of the three companies is similar).

However, it is because of New Times Group's rental properties, hotel assets, and the value of Hengchang Holdings that its market value is much higher than other real estate companies.

Picking up a newspaper on the table, Lin Zuhui stared at a piece of news in a daze.

The content of the news is: Li Chaoren purchased 49% of the interest in the Manhattan Commercial Center in the financial center of New York, USA through Concord Property Finance Group (a private company), using 4.48 million Hong Kong dollars.This is Li Cucumber's first large-scale investment in the United States since the 80s, and the momentum is strong.The country's real estate market has fallen into a trough in recession, and the vacancy rate of office buildings in central Manhattan exceeds [-]%. From the perspective of economic cycle recovery, this purchase is beneficial.Li Chaoren was purchased from the Canadian real estate company O&Y (Olympic and York). Both buyers and sellers believe that this move 'strengthens the strategic relationship between the two parties and provides more cooperation plans', which is another Chinese A masterpiece.

What bullshit news, blow it up!

I just bought half a building, and I blew it so hard!

What's more, in Lin Zuhui's view-next year is the best opportunity to buy.

As far as he knows, commercial real estate in the United States began to take off in 1993. In his previous life, Buffett resolutely bought the commercial real estate near New York University. The cash return in the first 1993 years has reached 35%!

Therefore, next year, Lin Zuhui will let the New Times Group buy the commercial real estate in New York.

At that time, Buffett can be brought in to work together. The two have a good relationship and have met several times.After all, there are more than 400 high-rise buildings in Manhattan alone, which is not counted as other commercial real estate, so it doesn't hurt to cooperate.

In addition, Citibank can also get loans to strengthen the cooperation between the two parties.

With the scale and development of New Era Group, no major bank in the world will reject such a high-quality client.

Beginning on October 10th, New Era Real Estate launched 9 residential units in Sceneway Garden. Within three days, 928 people registered.

The speculation is so hot that it has become crazy!

Regarding this situation, the media reported it vigorously, and the real estate market continued to be hot. For a while, this month's New Times Group was pushed to the forefront.

Fortunately, the new Financial Secretary took office at the end of October, so it is not considered a "gunshot".