The Birth of the Hong Kong Island Family.

Chapter 10 [Layered Sale]

Lin Zhichao came to 'Gao Luyun Law Firm', which is a 60-year-old law firm founded by two foreigners.

At present, the well-known law firms in Hong Kong are almost all founded by foreigners.The Chinese lawyers are listed under the names of these law firms, which is also a win-win situation. The law firms collect commissions from the lawyers, and the lawyers use the resources and reputation of the law firms.Therefore, Chinese lawyers seem to be working part-time, but they are actually very free and active.

The front desk stopped Lin Zhichao and asked, "Sir, what can I do?"

Lin Zhichao looked around casually, and then said calmly: "I want to discuss cooperation with lawyer Zhou Jianxun, please make an appointment with him for me."

Seeing that there was no appointment at the front desk, he continued to ask: "What do you do? What kind of legal consulting services do you need?"

The status of a lawyer is quite high in Hong Kong, not to mention that Zhou Jianxun is a well-known Chinese lawyer, and ordinary people are not qualified to approach him for cooperation.

Lin Zhichao said: "I am the owner of a real estate company, and I want to hire lawyer Zhou Jianxun as our company's legal consultant. Here is my business card!"

He took out a business card he had just printed and handed it to the front desk.

When the receptionist heard about the owner of the real estate company, he looked at the business card and saw that the address was Huarenhang Building, so he immediately said, "Then let me convey it for you. Please sit down for a while."

Lin Zhichao nodded. He came to cooperate hastily, so it was naturally a bit troublesome.However, he believes that he will soon be able to gain the friendship and cooperation of lawyer Zhou Jianxun.

After a while, the receptionist came to Lin Zhichao and said, "Lin Sheng, this way please!"

Lin Zhichao got up and followed the front desk into Gao Luyun Law Firm. It is normal for the threshold to be high. Law firms in this era originally serve the rich and powerful.

When they came to Zhou Jianxun's office, the two naturally introduced themselves.

Zhou Jianxun is a 40-year-old lawyer who holds a London lawyer's license and is very well-known in the Chinese circle.Lin Zhichao approached him purely because he had heard of his fame, so he took the initiative to come to ask for cooperation. After all, he had no better choice.

"Lin Sheng is already the owner of a real estate company at such a young age. It's amazing!" Zhou Jianxun said politely.

He didn't doubt Lin Zhichao's identity, after all, it was no good to lie to a lawyer.

"The company has just opened, and I don't understand many things, so I want to ask lawyer Zhou for some legal advice." Lin Zhichao's young face revealed confidence.

When Zhou Jianxun heard that it had just been established, his face did not change, but he said: "No problem, I happen to be free now, you can briefly talk about the situation."

Lin Zhichao nodded, and began to get straight to the point: "The current property sales are all sold as a whole building, so can they be sold in strata? The stratified land lease refers to the land lease. If there are 4 floors, each owner occupies 1/4 of the land. For a 5-storey building, each owner occupies 1/5 of the land right, and it is enough to make another property deed to explain the rights and interests of each owner. Do you think this approach is feasible?"

Zhou Jianxun was stunned. He thought it was a very simple and common question, but he didn't expect it to be a question he couldn't answer.

After thinking about it, he said honestly: "I have never done this kind of land deed!"

Lin Zhichao did not give up, but continued: "Where does this kind of title need to be done? Which department should I apply for? If the 'strata sale' can work, then the property sales in Xiangjiang will not be like a stagnant pool; and Active property transactions mean that more funds have entered the real estate industry, so solving the problem of housing shortage in Xiangjiang will definitely be a major contribution.”

Zhou Jianxun's expression changed at this time, and he said seriously: "Lin Sheng's idea is very good! I'll go to Xintiantu Office and ask if I can register. If there is a result, I will tell you as soon as possible, so as not to affect the operation of your company. "

Lin Zhichao smiled and said, "Then, is Lawyer Zhou willing to be our company's legal consultant? Don't worry, I should be able to afford the consulting fee."

Zhou Jianxun also smiled, and said: "It is also a kind of learning for me to come up with such a method. And I am a lawyer, so I am naturally willing to have more business and clients."

Lin Zhichao nodded, and then talked about the situation of Changjiang Real Estate.

After hearing this, Zhou Jianxun pondered for a while and said, "Although the method you proposed, Lin Sheng, may work, there are certain risks after all. Therefore, I suggest that your company purchase land after there is news from the Land and Land Office."

Lin Zhichao replied: "Lawyer Zhou, please don't worry, I still have a little bit of strength. Hierarchical sales just mean that my return may be faster."

"That puts my mind at ease"

"Thank you Mr. Zhou"

I left Gao Luyun Law Firm in a good mood. In this day and age, as long as you have real skills, you will definitely be respected by others.Lin Zhichao asked a constructive question, and Zhou Jianxun looked up to Lin Zhichao three points. In addition, Lin Zhichao has a good temperament and is very attractive to get along with.

ten days later.

Lin Zhichao and Hu Zhaoxu came to No. 46-48, Shanlin Road, Tsim Sha Tsui, Kowloon, to check the old buildings.

"Boss, the owner of the property at No. 46-48, Shanlin Road is a Jinshan uncle named Zhang Guanfeng. Because he has no funds to start the reconstruction, he plans to sell these three dilapidated properties."

Just this month (1947.2), the Hong Kong government formulated and promulgated new rent control laws in order to curb the increasingly violent rent increase and forced evictions, and to encourage owners to repair buildings damaged by war.The new law controls the rent of post-war buildings, and stipulates that the rent level before the war should not exceed the rent level before the war. However, there are two situations that are not included in the control. One is a newly built building after the war, and the other is that the owner uses funds that are 100 times the monthly rent in the area before the war. For rebuilt houses, these two types of buildings can be rented according to the market value at that time.

The promulgation and implementation of new laws greatly promoted the maintenance and reconstruction of old buildings and the construction of new buildings after the war.Wealthier landlords spent money on repairing the buildings in order to obtain high rents; while the landlords, impoverished by the war, sold the buildings to be dismantled and rebuilt by real estate developers.

Obviously, Zhang Guanfeng, the Jinshan uncle, has no funds to dismantle and rebuild.

Lin Zhichao watched the scene very carefully. Although he is not yet a professional real estate professional, he still has some knowledge.

Recently, he is also studying real estate.

Mountain Forest Road is located at the north end of Tsim Sha Tsui, south of Austin Road, and connected to Nathan Road at the west end, near Tsim Sha Tsui Police Station.

The location is nothing to say, it is located in the golden area of ​​Tsim Sha Tsui, according to his estimation, it is no problem to sell it for 25-30 Hong Kong dollars per square foot.

Of course, now that the entire property is being sold, a situation has actually been created: the land and old buildings are expensive and the rent is high, but the unit price of the building cannot be increased.

In fact, there is not much profit in real estate, so Hong Kong real estate is still in its infancy at this time.

"What is the land area on the title deed?"

"4800 square feet (about 530 square meters)"

Lin Zhichao immediately calculated, assuming that he built the land into three five-storey tenement buildings, a total of 3 floors of residences; based on the current property area, he speculated that the floor area of ​​the first floor could reach about 15 square feet , the price is around 1200 (big area, good timing), which is a full sales of more than 3.5.

Of course, the premise is 'sell in layers' in order to sell at this unit price.

In this day and age, there is no such thing as pocket-sized buildings and small areas, and almost all of them are one-story units above 1000 square feet.

The Xiangjiang government allows landlords to sublet, so the large area is not a problem.

This kind of real estate development environment has seriously led to the fact that rich people can afford real estate, which is much more serious than later generations.

The rate of return of real estate developers is not high, and the rate of return is slow (slow sales), so real estate is naturally not the main industry.

On a larger scale, so many people in Hong Kong do not have housing, which is actually caused by these policies.

Therefore, once Lin Zhichao improves the real estate environment in Hong Kong, he will gain a huge reputation and become the chairman of the 'Hong Kong Real Estate Builders Association', which is also a matter of course.

"Okay, let's ask Mr. Zhang to discuss the price. I like this property more."

"Okay, I'll ask him out right away."

The size of the land is just right, and this project is just used as a 'model'.

(End of this chapter)