Hong Kong's new giants

Villas on Nanwan Road, Lin's Palace.

In the evening, Lin Zuhui and the Eight Immortals came to the living room on the second floor to rest. In early and mid-October, they gave birth to a son, and after giving birth to a son, Lin Zuhui's number of children has risen to 10.Not counting the imminent childbirth, this year Lin Zuhui will have 13 children.

"The ordinary residences in your hands are all sold slowly, and try to sell half of them by the end of the year. Don't move the money from the sale, and buy high-end residences, shops, office buildings, etc. later!"

Everyone's eyes lit up, and it was finally the harvest season!
In this round, the timing of Qixian's investment in ordinary residential buildings was during the sharp drop in [-]. At that time, no one was interested in residential buildings; Lin Zuhui took the opportunity to let them invest in the entire residential building. In addition to the building of the New Times Group, they also bought other buildings. Realtor's building.

At that time, as a real estate developer, no matter how low the price was, it was impossible to keep it in your hands, because you had to take into account the 'rotation of goods'. .So in that situation, as long as the real estate developer has a small profit, they will sell it.

Therefore, at that time, Qixian bought about 12 ordinary houses worth 1200 billion (about [-]% down payment).

This amount is equivalent to the annual shipments of a large real estate developer like Great Eagle. This year, Great Eagle is estimated to only have 1500 sets, accounting for almost one-twentieth of Hong Kong's annual supply.

Nowadays, the properties in the hands of others have more than doubled.
Worth more than 25 billion!
Guan took the lead and said excitedly: "I asked the company's accountant to do the math for me, and now my building is worth more than 5 million yuan, so let's send it!"

All the girls looked at Guan enviously. There was no other way. This woman had been with this man for the longest time. When she bought the property back then, she was already able to spend a huge sum of 5000 million.

Li couldn't get used to Guan's appearance, so he said: "You still say, because you are under the most pressure to pay for the mortgage, I don't know how many small troubles Brother Hui has given you."

Incisive!

This woman is worthy of being a master of the Gongdou Department, she can speak a word.

Guan's loan at that time was 2 million yuan, and based on the ten-year loan calculation, the annual loan repayment was 2000 million plus.And Lin Zuhui's standard for the girls is 3000 million a year for living expenses, one can imagine how much pressure Guan's mortgage is.

Without Lin Zuhui's private subsidies, it would be impossible!

Wang and Cai also received this kind of subsidy. They had a building of nearly 2 million yuan and a loan of 1.6 million yuan.Therefore, the two pretended not to know at this time, and they didn't have to look at Guan with unkind eyes, but they just didn't participate.

The rest of Qiu, Li, Li, and Lin naturally looked dissatisfied, as if they were saying that it would be cheap if they were locked up, and they would be good-looking.

Lin Zuhui put his arms around Wang, and the couple looked like they were enjoying the show.Now Wang has become numb to the speed at which Lin Zuhui makes money. There is no way to argue, and she doesn't want to fight, so as not to offend this man.Besides, my man makes money too fast, so fast that the amount is astonishing, if I don't fight, I will fight.

Guan suddenly knew what his man said - wealth cannot be revealed, showing wealth and showing wealth are not the same meaning, a rich man can show off that he wears tens of thousands of clothes and drives millions of dollars in luxury cars, but he will never announce his All assets and past private accounts.

She made a fatal mistake. Although everyone knows that she has the most property, it is obviously inappropriate to say it.

Guan looked at Lin Zuhui pitifully. This man is absolutely authoritative no matter how he handles or suppresses such family disputes.

Lin Zuhui looked at Guan who had just given birth to his son for a week, and naturally his heart softened immediately.

"Please do some shopping once!"

All of a sudden, the hostess spoke, and immediately received a lot of support.

"I fell in love with a piece of diamond jewelry from Luk Fook Jewelery, and the price is only 30. Thank you, Sister Guan!" Li Lima said.

"I heard that LV has arrived with a new batch of goods, let's make an appointment another day!"

All of a sudden, everyone slaughtered Guan Yitong one after another, but it was only hundreds of thousands.

Guan Jiahui was slightly heartbroken, but immediately agreed to go on.

A family farce ended, and everyone went back to the villa to pick up their children.

Lin Zuhui started to seriously think about how to continue investing the funds they cashed out.It is the best choice to buy luxury residences, shops, and office buildings.Four women like Guan, Wang, Qiu, and Lin can invest in US stocks, such as Oracle and Best Buy.Especially Oracle, Lin's Family Office and Hengjin Investment have not bought it yet, and the end of the year is just right.

Thinking of this, Lin Zuhui already knew what to do, so he will arrange it later.

With the popularity of Xiangjiang Real Estate, the residential property has increased by 55% throughout the year, which has reached the point of insanity.

Residential buildings are most closely related to people's livelihood, so they cause the greatest "public grievances and public indignation".

For the development of building units, real estate developers provide some for internal subscription and some for public sale.Those who can enjoy the "privilege" of internal subscription are all insiders of the group and people and institutions related to the developer.The off-plan and existing buildings they subscribed for are usually not purchased for self-occupation but pushed to the market at a higher price.

Real home buyers often can't even buy second-hand buildings, but buy third-hand and fourth-hand buildings.The price increase layer by layer makes home buyers sigh.The off-plan and existing buildings for public sale are not available to real home buyers.

When the speculation is frenzied, it takes days and nights to wait.

The queues are basically monopolized by scalpers.If a home buyer wants to obtain the right to buy a property, he must buy a ticket from scalpers. A ticket usually costs [-] to [-] Hong Kong dollars.

Real estate speculation involves risks. If you look at the real estate market and act decisively, you can make huge profits, and sometimes you can make profits without capital.

Real estate developers welcome speculation for many reasons: speculation is directly related to the property market, and when the property market is booming, speculators will flood the market; otherwise, there will be many weak friends; speculators can share part of the risks of real estate developers, just like dealers share The risk of the manufacturer is the same; the speculative wind can fuel the prosperity of the property market, that is, "the speculative market".

Therefore, some people regard real estate developers and speculators as a pair of twin brothers.What's more, they are all regarded as the "culprits" of high property prices.

In the 90s, calls for curbing property prices and cracking down on property speculation were rampant.

The Hong Kong government, which pursues a free economy, can no longer sit idly by.

On November 1991, 11, the newly-appointed financial secretary, McGill, announced that he would increase the stamp duty on property transfers and limit the proportion of internal subscriptions in order to combat speculation and curb the rise in property prices.

According to market rumors, McGuire claimed to fight tigers, not rats like scalpers.

Who is the tiger?
Li Ka-shing, Lin Zuhui, Guo Bingxiang, Zheng Yutong and other real estate tycoons are all tigers.

And who is Shuaihu?
For a while, the citizens of Xiangjiang introduced two people: one was Li Chaoren, who was the richest man last year, and the other was Lin Zuhui, who became the new richest man this year.

Coincidentally, the first phase of Kingswood Villas owned by Li Chaoren opened on the day when McGill announced the crackdown on speculation.Only 1752 units were launched on the market, and [-] people registered in the next [-] days. The queue grew long, and home buyers and speculators flooded the market.It is unknown how many internal subscription units there are in the first phase, and the speculation is hot, but it is an open fact.

Mai Gaole was very dissatisfied with this, and Li Chaoren's "fighting against the wind" was tantamount to "smearing" Mai Shi's face.McGuller threw out his trump card and ordered the Bank Supervisory Office to send a letter to all banks on November 11 to reduce the mortgage loan (mortgage loan) of new and old residential buildings from 5 to [-] percent to [-] percent.

This move is really powerful. The mortgage ratio is related to the property speculators and the cash affordability (down payment amount) of home buyers, which directly affects the prosperity of the property market.

Wednesday, April 11.

Zheng Yutong came to Lin Zuhui's office and said, "Zuhui, what do you think of the Hong Kong government's move?"

Lin Zuhui didn't want to participate in this kind of thing in his heart. The New Times Group is gradually developing comprehensively. What's more, he knows that the Hong Kong government's move still has many loopholes, and it is vulnerable to powerful real estate developers.

However, as a real estate developer, he had to stand in the same team as everyone else, otherwise he would become a public enemy.

It should be said that there is no turning back!

"Uncle Tong, I naturally think that the Hong Kong government's move has affected the free market economy and is not conducive to the development of Hong Kong!"

Zheng Yutong immediately said: "Since this is the case, you are the largest real estate developer in Hong Kong, why don't you organize a discussion with everyone!"

Thinking of himself as a handsome tiger, this is too high a view of himself!

Lin Zuhui immediately smiled wryly and said, "It's up to Li Chaoren to come to this matter, and I will definitely respond."

Zheng Yutong said with a smile: "I just came to test your attitude. Brother Jiacheng will host a banquet at the Hilton Hotel this Friday to entertain the Prime Minister of Columbia, Canada, and invite you to accompany him."

Lin Zuhui nodded and said, "Be there on time! Uncle Tong really likes to joke around. With my qualifications, I dare to organize everyone to protest against the Hong Kong government. I'm afraid it will be ridiculous."

Zheng Yutong showed a Maitreya smile, and then said: "Everyone is also worried that you think too much, and you are engaged in 'Hong Kong culture and prosperity', and you are engaged in comics and drinks, forgetting that you are the biggest real estate developer!"

Lin Zuhui said with a smile: "Then how can you forget that you are a real estate developer? Only when real estate brings enough profits can New Era Group be qualified for comprehensive development."

Zheng Yutong nodded, this brother can understand!

Friday.

Lin Zuhui came to the Hilton Hotel in Central. As soon as he got out of the car, he saw many reporters.It was immediately clear that these reporters might have been deliberately attracted by Li Chaoren.

Real estate developers from all over Hong Kong accompanied the Prime Minister of Columbia, Canada and held a banquet.

what does this mean?
It means that if the Hong Kong government insists on cracking down on the Hong Kong real estate industry, then everyone may invest their funds in Canada.

Do you want the Hong Kong government to sell "high-priced land" in the future? Seventy percent of your fiscal revenue depends on government land auctions, rates, land tax, stamp duty, real estate company profit tax, and fees for changing the nature of the land. Without real estate developers, what does the Hong Kong government charge? Tax?
(Note: Hong Kong is not the only real estate industry, but other industries have almost no tax, or the tax is very low, so it is called a free trade port)
"Lin Sheng"

"Li Sheng"

Everyone greeted each other one after another. Those present at the meeting today are: Li Chaoren, Lin Zuhui, Cheng Yutong, Lee Shau Kee, Ho Hongsheng, Guo Huonian, Guo Bingxiang, Luo Jiarui, Chen Qizong, etc.

These big real estate developers together account for more than [-]% of the real estate industry in Xiangjiang, and the economy controlled by everyone will account for [-]% of Xiangjiang (all have other industries).

Everyone accompanied the senior Canadian officials to dinner, and naturally they mainly talked about McGaller's attack on Xiangjiang Real Estate.

Lee Shau-kee, who usually rarely speaks, was the first to express his opinion: "What are the consequences of the Hong Kong government's brutal intervention in real estate? It will be a large number of home buyers who will suffer the most and cause social unrest!"

Lin Zuhui said the same thing. When the '85000 public housing plan' was implemented in [-], it happened to encounter the Asian financial crisis and was criticized by many people.

The reason is actually very simple. There are too many property owners in Xiangjiang. Everyone thinks that the house they bought with hard work has depreciated a lot because of your interference. Who will compensate for the loss?

Therefore, some extreme people naturally did a lot of extreme things!

Then the "cannonball" Zheng Yutong repeatedly bombarded the Hong Kong government's "perverse actions".

"If the Hong Kong government intends to consider the citizens, the solution should be to substantially increase land supply and build public housing."

"The Hong Kong government reserved a large amount of government land for auction during the peak period of real estate. They got high fiscal revenue, but they wanted to beat us real estate developers to death!"

Everyone agrees!

Guo Bingxiang added: "Since the Hong Kong government asked the bank to send us a letter stating that the mortgage can only be [-]%. Then we are not afraid of them. Each of our companies has a finance company, and they can still provide [-]% to [-]% of the mortgage."

This is the trick of real estate developers. The large real estate developers in Xiangjiang who own a financial company can provide mortgages for home buyers.Moreover, our financial strength is no worse than that of ordinary small and medium-sized banks.

In this way, there are only two forces that are unlucky: banks and small and medium-sized real estate developers.

[-]% to [-]% of the bank's profit comes from real estate. If the real estate developer does his work, the bank's income will be much less;

Small and medium-sized real estate developers cannot provide mortgages, so their houses cannot be sold, and they do not have much strength to develop real estate. Now that sales are monopolized by large real estate developers, it will be even worse.

Everyone echoed Guo Bingxiang again!

Each of these real estate developers is smarter than the other, and it is impossible for the Hong Kong government and banks to truly defeat them.

Everyone looked at Li Chaoren and Lin Zuhui one after another, which means that it is time for you two to express your views, you must know that you are the first bird that the Hong Kong government wants to fight.

Li Chaoren shrank back at the end, and finally said: "If everyone provides the mortgage ratio through the affiliated financial company, I have no choice but to do so!"

Lin Zuhui said frankly: "Everyone, don't worry, Xiangjiang Real Estate is not so fragile. Of course, as a junior, I will follow everyone's footsteps!"

Comparing the two, everyone still feels that Lin Zuhui should be more refreshing!
Especially Lin Zuhui, who is the most discerning in Xiangjiang, said that Xiangjiang Real Estate is still very promising, and everyone is quite happy.

Since the meeting was considered a "deliberate leak", the news that the real estate developers teamed up with the Hong Kong government to "confront" the news was published in various newspapers the next morning.