The Birth of the Hong Kong Island Family.

Chapter 17 [White Wolf with Empty Gloves]

"Land at No. 126, Modu Street, Yau Ma Tei, 6800 square feet, 24.5 Hong Kong dollars, can build four 4-story tenement buildings, with a total floor area of ​​5 square feet."

Taking advantage of the fact that the real estate market has not reacted, Changjiang Real Estate quickly started a rebuilding land.

According to Lin Zhichao's plan: if the off-plan house is sold, the property on this land can get about 60 to 65 Hong Kong dollars in sales; and the entire construction fee plus taxes, interest, etc. is about 18 yuan, so the total investment is 43 yuan. There is almost a profit of 17 to 20.

This rate of return is already very good, after all, the cycle is only one and a half years.

It was impossible to have this rate of return before. After all, the unit price per square foot is less than 30 Hong Kong dollars, and the important thing is that it still takes up a lot of capital time.

"Boss, the Bank of East Asia has already issued a loan, a total of 15 Hong Kong dollars." Finance Zhou Fuzhao walked into Lin Zhichao's office and reported.

Lin Zhichao nodded in satisfaction, and said, "Well, this fund will be kept in the account and used for the company's operations and the launch of the project on Modu Street."

After purchasing this piece of land this time, Changjiang Real Estate’s account was empty again, so there was no way to buy a piece of land worth about 40 Hong Kong dollars.Unless you fancy the land first, get the Bank of East Asia loan before signing the contract.

But obviously, doing this is a bit risky, and Lin Zhichao doesn't want to do it yet.

Zhou Fuzhao breathed a sigh of relief, and said, "Okay, I will arrange the finances. If the funds for the Mountain Forest Road project are returned, the company can buy land again."

Every two months, the 15 property owners in Shanlin Road have to pay a total of a little more than 5 Hong Kong dollars to Changjiang Properties, and the payment will be completed in five installments.

Lin Zhichao waved his hand and said, "I'm afraid that the land price will have to rise, and there will be no profits in the end. It's not worth the risk in the later stage. Of course, if there is a suitable opportunity, I won't miss it."

Originally, land prices in Hong Kong were high, but now that off-plan properties and strata can be sold, the land prices will definitely rise, so the later the stage, the thinner the profits of real estate developers.Unless the land is acquired this year, or in recent months, it will be profitable.

In the second half of 1949, real estate in Hong Kong may start to decline. After all, the army is on the opposite side, and people are uneasy. Gold is obviously more suitable for "travelable assets".

In 1950, the peninsula was not peaceful again, so the real estate would be sluggish again until 1953.

Based on these trends, Lin Zhichao would not buy land for real estate development at the peak in 1948; at that time, he should consider speculation in gold and shipping.

After Zhou Fuzhao left, Lin Zhichao couldn't help picking up the newspaper on the table. This morning's news - "Hong Kong Government Cancels Hong Kong Gold Free Import and Export Trade", this news is an important event that kicked off the three-year rise of Hong Kong gold.

Hong Kong has a place for speculating in gold, and that is the 'Hong Kong Gold and Silver Exchange Field', a financial place that even Americans lament.Lin Zhichao intends to see and see, after all, he knows some useful information, which can become an important cornerstone of his profit.

"dong dong"

"Come in"

Hu Zhaoxu walked in with a smile and said, "Boss, there is an old residential site in Causeway Bay for sale. It is only 3500 square feet, and two tenement buildings can be built."

Lin Zhichao lacked interest, and said casually: "Forget it, this project is too small!"

In fact, the company's funds can't support it anymore.

Hu Zhaoxu let out an 'oh', seeing that the boss thought the land was too small, and then said casually, "There is a 4-square-foot residential land for sale in Happy Valley, and the owner is the Ho Tung family. I heard that several real estate developers are sharpening their knives. .”

Now it is possible to sell off-plan properties and strata sales. Hong Kong real estate developers obviously see the business opportunities here. Everyone no longer regards real estate as an unpopular business and has gradually become active.

Lin Zhichao's eyelids twitched, and he said calmly, "Has this land been sold?"

Hu Zhaoxu shook his head and said, "Probably not yet!"

Lin Zhichao said seriously: "Go and inquire about the news, and then tell me the situation!"

Hu Zhaoxu was surprised, how could the boss still spend a million Hong Kong dollars, dare to take the idea of ​​this land.

He certainly didn't think that the boss had the strength to take over the land. After all, with this strength, why didn't he buy a lot of land before.

"Okay, I'll go find out right away!"

After Hu Zhaoxu left.

Lin Zhichao tapped on the table because he wanted to do the Happy Valley project.

The small project of a few tenement buildings is obviously unable to display much technical content; and at least 4 five-storey tenement buildings can be built on a land of 25 square feet.

This is a big project. If it can win this project, Cheung Kong Properties will become the "leader" of real estate development in Hong Kong in one fell swoop, and its influence will be unparalleled.

He needs this kind of influence!

At the same time, Lin Zhichao still does not intend to sell his 34 pieces of small yellow croaker (2265 taels of gold, 37.5g is 1 tael).

Well, he has no money!

If it was someone else, he would definitely give up like this.

But Lin Zhichao, as a person of later generations, knows very well that there is a practice called "empty glove white wolf" in real estate.

Thinking of this, Lin Zhichao decided to try it!
Lin Zhichao and Hu Zhaoxu came to Wanchai 'Tung Sang Building', which is the property of the Ho Tung family and the office of Ho Tung Properties.

For the 4-square-foot land in Happy Valley, Ho Tung adopted an on-site bidding method, and the highest bidder won.

Ho Tung is currently the "Chinese leader" and "the richest man in Hong Kong" in Hong Kong. He is also a jazz from many countries and has a very high status.And Ho Tung likes to invest in properties very much. Tung Ying Building in Kowloon, Tung Sang Building in Wanchai, Tung Shing Building, etc., can be called real estate tycoons.

Because of his relationship with the government, he knew some of the government's plans and bought some remote land and properties in advance. When the government's plan came, these land and properties would rise and he would take the opportunity to sell them.

He Dong is a mixed race, his father He Shiwen is a foreigner, and his mother Shi Shi is a legendary Chinese woman (He Shiwen is her third man).At that time, mixed-race children were looked down upon by the society, so He Shiwen arranged for He Dong's mother and son to live in a tenement building outside. However, He Shiwen was a responsible man and arranged for his children to study and learn English since childhood.

Ho Tung worked as a teacher and customs officer in his early years. At the age of 20, he switched to Jardine Matheson as a comprador, and has since made his fortune.The so-called "comprador" means that foreigners want to do business with Chinese people, but they don't want to deal with Chinese people directly (look down on them), so they choose people with outstanding abilities from Chinese people as middlemen, that is, compradors.

Compradors belong to the "high-class Chinese" in Hong Kong. They can speak English and are appreciated by foreigners. They not only work for foreign companies, but also make money by themselves.

Because of this, Ho Tung made his fortune on a piece of land when he was a Jardine comprador. He also acted as an intermediary and sold it at a record price of 43.5 Hong Kong dollars in Hong Kong. Then he took 1% commission from the buyer and seller, totaling 8700 Yuan, so he made a fortune, it was 1890, he was only 26 years old.

After that, He Dong attacked in all directions, working as a comprador of Jardine Matheson and doing his own business at the same time.Because Jardine Matheson relies heavily on Ho Tung's ability, Jardine Taipan also said, "Robert (Ho Tung) is a business genius, and I can't think of a second more suitable candidate" when many employees complained.

At the age of 35, Ho Tung had a net worth of 200 million Hong Kong dollars. By 1900, the 38-year-old Ho Tung had a net worth of 500 million Hong Kong dollars, making him the richest Chinese businessman in Hong Kong.

Under the guidance of the staff, Lin Zhichao and Hu Zhaoxu came to an office building, where there were already people sitting and waiting.

"Mr. Lin, please wait a moment, Manager Li will explain the bidding rules later!"

"Okay, thank you!"

Lin Zhichao looked at the few waves of people inside, all of them were Chinese, but he had few connections and didn't know each other.

A short and fat man got up, came to Lin Zhichao, and said with a smile: "Young man, you are Mr. Lin Zhichao who invented strata sales and off-the-plan sales, right?"

Lin Zhichao saw the person speaking with a Chaoshan accent, so he said, "This is Lin Zhichao, who are you?"

Liao Baoshan said: "My name is Liao Baoshan. I am in the business of money, rice, oil, salt and cloth, and I have also been in real estate for several years."

It's him!
Lin Zhichao pretended to be honored and said: "It turned out to be Liao Sheng. It's a pleasure to meet you. I heard Mr. Jian said about you. He said that you are a standard (excellent) figure in Chaoshan."

He brought out Jian Dongpu, which naturally meant that he also had a backer.

At this time, these people have not yet truly become a generation of heroes and tycoons, including Chen Weinan, the chairman of the Chaoshan Chamber of Commerce, nor have they truly achieved a party of heroes.

To be honest, Lin Zhichao does not feel that he is in the same era as Li Chaoren, Sha Dantong, Lee Shau Kee, and Guo Desheng.

Regardless of his weak strength now, in the 50s, when these people saw him, they might shout 'Sir Lin', 'President Lin', 'Big Brother Lin'.

Liao Baoshan said politely: "Mr. Jian is my benefactor. I didn't expect Lin Sheng to get his advice. Lin Sheng, if you hadn't changed the way of real estate in Hong Kong, we people would not dare to come and get millions of dollars." Land. However, Lin Sheng has great strength!"

Back then, Jian Dongpu gave him a lot of support when he was hunting down real estate.

At this time, another group of people stood up, walked towards Lin Zhichao, and said in bad words: "Mr. Lin, I don't know which big family you are from. This bidding will cost millions of Hong Kong dollars?"

After finishing speaking, he looked like you have money.

Liao Baoshan smoothed things over at this time and said, "We are all developing in partnership. Mr. Lin may also have a partner! Mr. Lin, let me introduce you. This is Mr. Zhang Jun, who is in real estate."

do not know!
Lin Zhichao's first reaction was.

"I've been looking forward to it for a long time! I didn't know until here that this piece of land is so valuable. I definitely can't pay a million, and I don't have a partner, so it seems to be nothing today. Feel free, don't treat me as a The opponent will do!"

Seeing Lin Zhichao's sincerity, everyone immediately laughed.

(End of this chapter)