The Birth of the Hong Kong Island Family.

Thursday, November 3.

Lin Zhichao and Hu Zhaoxu came to participate in the official land auction again. After completing the goal this time, Changjiang Real Estate will suspend participation in the auction; after all, the price of the land is already a bit high, and the speed of return of funds from Changjiang Real Estate cannot keep up.

Cheung Kong needs to sell a total of 2500 residential units this year, and can make a profit of more than 6000 million.

As for the share in Hong Kong, it is estimated that less than 15% of the supply (calculated by registered sales); that is to say, the supply of residential units in Hong Kong this year is at least 2, or even higher.Obviously, this is 'consuming' the demand for next year and the next year. It is expected that the market will be saturated by the end of the first half of next year.

Lin Zhichao knows very well that 'real estate is a long-term investment', so he is not in a hurry to invest wildly for a while; moreover, if the land is stored, the profits will be greater in the future.

Therefore, there are a total of 5 real estate development tasks this year. Among them, the public Sifang Street real estate has eight buildings with a total of 1850 residential units; the remaining 4 small real estate projects have a total of about 700 residential units, excluding the area of ​​shops.

After a simple greeting, major real estate developers took their positions one after another.

After the auction started, everyone quickly whispered in the audience. The Hong Kong government was also slow to respond, so far it has not stopped this kind of behavior; but today Lin Zhichao changed his usual and refused to eat cakes.

Therefore, after he took a fancy to the two pieces of land, he refused to transmit the sound through the air and focused on winning the land.

As a result, Changjiang Real Estate paid HK$1.8 million for a 2.5-square-foot and 485-square-foot residential land in the urban areas of Hong Kong and Kowloon, making it the highest residential unit price ever transacted today.

As for other land, many unit prices did not exceed 100 Hong Kong dollars per square foot, and even the land that should have been worth 110 Hong Kong dollars per square foot was sold for only more than 80 Hong Kong dollars per square foot.

After the auction ended, Chen Detai stepped forward and asked, "Lin Sheng, what do you mean today?"

Although the tone was not questioning, it still made Lin Zhichao a little upset.

Lin Zhichao said directly: "You have done a little too much, the small land also eats cakes, I am really not afraid of the Hong Kong government's punishment, but I still feel that the Hong Kong government will not be aware of it."

At this time, many Chinese real estate developers gathered together, and after listening to Lin Zhichao's words, they had some mental activities.

Liao Baoshan also frowned. He didn't want to eat cakes at first, but now he was on a thief ship, and he was a little reluctant to quit. The main reason was that everyone set the price and it was uncomfortable.

Airship Tai was thoughtful, and was also a little worried at this time, but quickly put it behind him. After all, it is impossible for so many businessmen to unite to cause an accident; at least, the Hong Kong government has to warn first.

Chen Detai said: "We did not violate the law, and the Hong Kong government has not said anything for so long, so what are you afraid of! Now the Hong Kong government has made a lot of money from a piece of land, at least twice as much as before."

Lin Zhichao knew the nature of these people—greedy, so he stopped talking nonsense: "Then we will cooperate again next time, this time I am the one who worried too much!"

There's no need to speak harshly, lest someone say you don't fit in.

However, Chen Detai and Li Kangjie have offended Lin Zhichao. When their land is auctioned in the future, Lin Zhichao will not miss it if there are people who "eat cakes".

Yes, these people would never have imagined that the real estate market in Hong Kong will plummet in the next year and the next year. Due to financial problems, their sites can only be auctioned, and they will probably be "cooked cakes" by their peers at that time.

Really, when is the time for retribution!

Afterwards, everyone dispersed, and Li Gaofu accompanied Lin Zhichao to the parking lot.

"I heard that you also participated in Li Kangjie's big joint company, what do you think?"

Li Gaofu smiled wryly and said: "It can't be avoided. The people in the Great United Company are all friends who were smuggled in Hong Kong and Macau back then. Li Kangjie also coaxed He Xian around. I feel a little sorry for not voting; He invested 50 Hong Kong dollars, and he can do whatever he likes."

Lin Zhichao nodded, and did not pursue the matter further.

For Li Gaofu, it is very difficult to completely refuse this kind of thing, because he smuggled in the past and accepted the favor of many friends; now there are more than ten shareholders in this big alliance, which can be described as a huge momentum.

The high-profile actions of Li Kangjie and Chen Detai, one who engages in a "big alliance" and the other engages in a "cake eater", will bring them bitter fruit.It's not that their approach is wrong, but that character determines a person's luck. The two have no strength, but like to make a high profile, so they are 'courting death'.

Back to Cheung Kong Industries.

Lin Zhichao was thinking about it in his office. He decided to temporarily suspend land auctions on official land until 1958.

Cheung Kong's land that has yet to start construction is 135 million square feet. This year, the land that has started construction has reached more than 25 square feet. Next year, it is expected to start construction on 10 square feet of land and reserve 100 million square feet of land.

Of course, these do not include the four Central commercial sites and old buildings.

Huang Changhong walked into the office and reported: "Boss, the Planning Department has approved the plan for 'Mandarin New Village', can you prepare to sell uncompleted properties?"

The public Sifang Street project in Yau Ma Tei was named "Wenhua New Village" by Lin Zhichao and positioned as a "private housing estate".

After thinking about it, Lin Zhichao said: "The eight buildings in Wenhua New Village will be sold in one batch in May, one in October, and two batches of off-the-plan buildings."

Huang Changhong said: "Okay, I'll arrange it right away." Then he said: "This month (March) we have a Lijing Building for sale, and next month we have a Yonghui Building for sale. All have been arranged. This year In the past two months, a total of 3 residential buildings have been sold in Hong Kong, and everyone is desperately selling unplanned properties.”

This year, the Hong Kong government also officially introduced the "Consent Letter for Pre-sale of Uncompleted Properties" system to regulate the pre-sale of uncompleted properties in the form of law. Now the real estate industry is booming.

Although there are only 10 residential buildings for sale in two months, in fact, there will only be more and more in the future.Moreover, there are still some owners who still build five-storey tenement buildings because the land is not enough to build buildings. However, this kind of tenement buildings will not be sold to the outside world, and the owners usually collect rent.

Lin Zhichao said: "We follow a steady pace of development. The longer the land is left open, the higher our profit will be. Ten years from now, the average price of everyone's land may be 500, but ours will be less than 100. This is a stable profit. "

Huang Changhong nodded. He also intuitively experienced the advantages of "reserve land" now. The cost of buying many lands of the boss is less than [-] Hong Kong dollars, and now the land alone has increased by two or three times.

And even if Cheung Kong develops five real estate projects, it is definitely the largest housing supplier in Hong Kong. It just means that it has distributed a lot of cakes.

In a restaurant in Central, Lin Zhichao, Li Gaofu, and Yu Chengwan are having a gathering.

Since the end of August last year, Yu Chengwan has regarded Lin Zhichao as a lifesaver and is extremely grateful.Of course, Lin Zhichao doesn't need this kind of gratitude. It's good for everyone to be friends normally, and there is no need to play too many tricks.

Lin Zhichao is usually busy with work and has many friends, so it is actually rare to get together once a month.However, Yu Chengwan took the initiative to invite this party, and Lin Zhichao still gave him a face.

During the dinner, Lin Zhichao took the initiative to ask: "Old Yu, how about buying our house?"

Yu Chengwan immediately said excitedly: "Lin Sheng, thanks to you, I sold five off-plan properties, with a net profit of 1 Hong Kong dollars each! I plan to keep the remaining five properties and collect rent."

Lin Zhichao smiled and said to Li Gaofu: "This old Yu is not only good at leading soldiers and fighting wars, but also good at doing business. For 10 yuan, he bought five of my houses, and he knows how to keep rent."

Earn [-], and take out another [-], which happens to be the 'purchase price' of the house in Yu Chengwan's hands.

Li Gaofu said: "Campari Road is a prime location. Based on Lao Yu's purchase price of less than [-] yuan, the rent can be paid back in six years."

Hearing the jokes between the two, Yu Chengwan was excited after all. He dreamed of breaking into the 'rich circle', but these two were the only real rich people he knew, both of whom were real estate tycoons.

At this time, Yu Chengwan said: "Lin Sheng, Li Sheng, I have invited you this time because I have a message to tell you. A businessman friend I know has several properties connected together. It has about 1.8 square feet. He heard that the land price is very high recently, so he planned to sell it. When I heard the news, I immediately thought of you two."

There is such a good thing!
Now to put it bluntly, if you have land or old buildings, you can make money immediately.Of course, this is for large real estate companies, how do ordinary people know how to build high-rise buildings, how do they know how to sell uncompleted properties.Just like the Kadoorie family, they would rather sell the land than build a high-quality building.

Lin Zhichao asked, "Where is the location?"

When Yu Chengwan saw this, he immediately became happy, because as long as Lin Zhichao and Li Gaofu bought this project, he might get an intermediary fee; although he wouldn't mind if he didn't pay it, because Lin Zhichao had saved his life; but , he is more willing to believe that Lin Zhichao's character is absolutely and very good, and he will give it according to the usual practice.

"Fu Wah Street, Sham Shui Po, there are a total of 6 old tenement buildings plus some vacant land. He asked for 230 million Hong Kong dollars!"

Lin Zhichao immediately calculated that a small building could be built with a floor area of ​​15 to 18 square feet. Even if it was 15 square feet, the selling price would be HK$500 million, and the profit would be at least HK$150 million.

In the Sham Shui Po area, houses can be built next to each other, and the roadside is strictly in accordance with the regulations.

Afterwards, Lin Zhichao said straightforwardly: "Since this is the case, those who see it have a share! Lao Yu and Li Sheng went to ask the owner if they could pay the land fee in installments. If so, for example, the down payment is only 10%, that is, only 23 yuan is required. For the down payment, Lao Yu will take 30% of the shares, Li Sheng will also take 30% of the shares, and I will take 40% to be responsible for the development. If you can’t, Lao Yu, you can find a way to raise 18 Hong Kong dollars, plus 5 intermediary fees, and of course 10% of the shares , you can also chip in 20% of the land fee, as long as you can get it out. This project conservatively earns 150 million Hong Kong dollars.”

Yu Chengwan heard it very enthusiastically. He also recently understood the principle of "sales of flats". As long as the land is won, the buyer's money can be used to build the building without investing a penny.

But now, as long as he persuades his friends to accept the land installment payment, he can only pay 7 Hong Kong dollars, and get 30% of the project's profit; if it is this kind of cooperation, he can't take the agency fee, because there may be a second installment in the future When the payment is due and the sale of uncompleted properties has not yet started, Lin Zhichao and Li Gaofu will advance the payment for him.

"Thank you, Lin Sheng!" Yu Chengwan almost burst into tears.

Working with these big shots, his wealth is increasing day by day. If this project can make him earn 45, it is almost more than his own wealth.

Lin Zhichao smiled and said: "Thank you for what I did! I usually don't cooperate with others in real estate projects, but there is also a situation, that is, the land is not mine, so I can cooperate. The reason for this is that I am afraid of disputes between friends , In the future, no friends will have to do it. Since it is the land you introduced this time, it can be regarded as an accident, so we might as well cooperate together."

Yu Chengwan quickly said: "It should be, you guys made me rich!"

This project is actually very easy to develop. With Lin Zhichao's guarantee, the owner will basically agree to pay in installments; and the land installment payment is the norm, even if you take official land, you can pay in installments.

If the down payment is 10%, which is 23 Hong Kong dollars, then the time will be faster, and the property can be sold in two months.So with a payment of 23 Hong Kong dollars, this project can be leveraged, which is very powerful.

In the evening of that day, Yu Chengwan returned to the place where his second aunt Wu Bing lived. In the past six months or so, he often went to her second aunt's house because he felt that Wu Bing had given him good luck.If it wasn't for Wu Bing's words at the beginning, he might still want to commemorate that farm, and he might lose his life, let alone make a fortune.

"What makes you so happy?" Wu Bing took the clothes and asked curiously.

Yu Chengwan said: "Of course it's a good thing, let's talk about it when we have dinner!"

Wu Bing immediately directed the servants to serve the food, and the whole family was preparing for dinner.

During the dinner, Yu Chengwan revealed the matter.

After hearing this, Wu Bing was stunned, and then fell into ecstasy, and then said coquettishly: "The head of the house, this business has to be done by our second room company, and we can't tell the big room."

After telling Da Fang, she will intervene immediately, and she won't even look at it.

Yu Chengwan said: "All right, all right, I'll listen to you!"

He thought to himself, anyway, the money is in his name, so it doesn't matter if he doesn't tell, as for whether it goes to the second wife or not, it's just coaxing the woman.He is not dead yet, so how could he belong to anyone?

But my second wife is my lucky star, so I just follow her words.

A week later.

The project on Fu Wah Street in Sham Shui Po has completed the land sale and purchase contract. The first payment is 10%, which is 23 Hong Kong dollars, and then the monthly payment is 25, and the remaining nine months are paid.

Equivalently, the owner can get an interest of 18 yuan, which is almost 11% per annum, which is much more than that of a deposit bank.And with Changjiang Real Estate as a guarantee, the owner is not worried.

"Lin Sheng, Li Sheng, why don't you come to my place to get together at night, and I'll ask Wu Bing to cook delicious dishes for you!" Yu Chengwan said gratefully.

If he is not grateful, there is no problem if he pays 7 Hong Kong dollars as the down payment for the first installment, but if he wants to pay for the second and third installments, he can basically only work hard to raise funds. Sell ​​the remaining five houses in Champagne Mansions.

But obviously, Lin Zhichao directly advanced the follow-up funds for him, obviously knowing that Yu Chengwan was not very rich.

Before meeting Lin Zhichao, Yu Chengwan only had a family property of more than 30 yuan, and a lot of his property was just business value.

But then again, it is much better than those who sit and eat, and there are even generals who go to the club. There are too many generals in this era.

"Sister-in-law's cooking is delicious, but it tastes like home! Haha, it's important to spend time with the family at night." Lin Zhichao refused with a smile.

Li Gaofu said with a smile: "Old Yu, you appreciate Lin Sheng's kindness, he knows it! But if you want to invite him to dinner, you may have made the wrong idea. He is taking care of his family, and it is rare for me to have an appointment with him for dinner! "

Yu Chengwan immediately apologized with a smile: "Yes, I heard that Lin Sheng is very lucky. There are two lovely wives in his family, both of whom are Miss Tang from a famous family in the south of the Yangtze River. It seems that it is normal for Lin Sheng to miss his family."

Lin Zhichao patted Yu Chengwan on the shoulder, and said affectionately: "I often go abroad throughout the year, and I owe my family in my heart, so I can spend as much time as I can at night. I recently built a yacht club in Iron Wave Island, and I will come to buy it later. members, we will play in this club in the future."

Yu Chengwan nodded quickly. Needless to say, this kind of club is the circle of the rich. Membership is not necessarily bought by the rich.

Lin Zhichao bought an area of ​​Iron Island from the Hong Kong government last year, and then reclamation (filling in a little area), construction of wharves and other projects have already started this year.The building of the clubhouse will take more than a year to complete, but the wharf will be completed soon, so in April and May of this year, there will be yachts for fun.

And Lin Zhichao bought six yachts from the United States at one go, each yacht costing 2 to 3 US dollars, as a member of the Deep Water Bay Yacht Club. (end of this chapter)