The Birth of the Hong Kong Island Family.

It's another spring of the year!

With the coming of spring, Lin Zhichao is in a particularly comfortable mood.

In the morning, Lin Zhichao exercised his muscles and bones in the yard, feeling the powerful and active functions of his body.

This made him feel that when he was 60 years old, he could maintain the state of 30 years old, and he would be 30 years younger in the true sense.

Now, he is only 29 years old.

That means that in the 90s, although Lin Zhichao was in his 60s, he was still in his 40s and [-]s.

If in 2023, when Lin Zhichao is 95 years old, he travels to the great rivers and mountains of the motherland, and tourists see him walking like flying, I am afraid it will make a lot of news!
What an interesting thing!
Of course, as time goes by, Lin Zhichao will not care about those at all.

The xinxing of the previous life has disappeared.

before lunch.

Lin Zhichao came to Cheung Kong Industry.

Hu Zhaoxu immediately came to Lin Zhichao's office and handed over a document.

"Boss, take a look at the real estate sales plan of the Seven Sisters in North Point!"

Lin Zhichao then flipped through the information and found that Cheung Kong had three pieces of land in North Point. This was the second piece of land for sale, and he still had another piece of land in his hand.

At first, he originally wanted to develop an industrial building in North Point, but later decided to develop an industrial building in Kwun Tong to avoid the need for demolition in the future; as for the industrial building, of course it was prepared for the factories under Cheung Kong, such as the crocodile shirt manufacturing department, traveler's suitcase (will be transferred to the company in the future), doll instant noodles, etc.

Therefore, 18-20 storey commercial and residential buildings will be developed in the three North Point plots.

"Well. According to the sales situation of our third property this year, the market is already 'supply and demand out of balance', and the house cannot be sold. I don't know how long it will take to sell this building before it is sold out!"

Hu Zhaoxu said: "Yes, it is very difficult to sell out a real estate nowadays. Some residential buildings have been advertised for a month before they are taken down."

Now the advertising channels for selling houses almost rely on newspapers.In recent years, real estate has been booming. In some newspapers, one page is divided into many small sections, and each section is an advertisement for the sale of a building.If the house is not sold out, the advertisement will not be withdrawn.

Careful people can actually find that there are more and more houses recently.If you are more professional, you will find that many properties have not been sold out for a long time.

Of course, these phenomena are difficult for ordinary people to know, and the real estate business can ignore this point, or simply exaggerate it.

Moreover, for real estate developers at this time, everyone felt that real estate could not plummet; because there was no war, why would Hong Kong's house and land prices fall?

This is what everyone really thought before the first risk.

"Then let's sell it at this price! It's not a big problem to sell out!" Lin Zhichao said.

The unit price set by Cheung Kong is about 9% off that of the same lot, which is 5 Hong Kong dollars less per square foot.

Hu Zhaoxu said: "We, Cheung Kong, have the 'credibility and word-of-mouth' that other real estate developers do not have. Coupled with the price advantage, it is not a big problem to sell out. It just takes longer than before. But I think there is no problem in selling out in March."

Reputation and word of mouth are also a choice for citizens.Cheung Kong's property sales advertisements all have a domineering slogan of "Cheung Kong Towers, all over Hong Kong and Kowloon".

The same is true of the fact that Cheung Kong has sold 15 real estate projects, totaling 22 buildings.

"it is good"

For the last real estate project, Lin Zhichao also hopes that it will go smoothly.

Although there is no problem with keeping these houses in his hands, he has always followed the principle of "goods are in rotation".

Cheung Kong has about 150 residential units in its hands, and these residential units are all high-quality floors in the 22 buildings; because these residential units are going to be exchanged for the owners of 'Telford Garden', and of course there will be cash subsidies.

Cheung Kong advertised another North Point site and sold it, which immediately aroused the dissatisfaction of "North Point King" Li Kangjie and his partners.Li Kangjie believes that Cheung Kong should not be cheaper than the real estate price of Dalian Company, which belongs to destroying the market.

For a while, this kind of news spread throughout the real estate circle.

In fact, everyone also understands that apart from this reason, Li Kangjie and others regard North Point as "private land". Now that Cheung Kong Properties has suddenly appeared two sites in North Point, which are sold relatively cheaply, they suddenly feel a little dissatisfied.

It was the same when Chen Detai grabbed the land in North Point.However, the dissatisfaction was dissatisfied, and Chen Detai also snatched two North Point sites. Li Kangjie and others could only raise the price twice, so that Chen Detai retreated.

On this day, He Xian invited Lin Zhichao to have a meal, accompanied by Li Gaofu, at Lu Yu's teahouse.

During the dinner, He Xian quickly said a 'digression', he said: "Lin Sheng, are you not optimistic about Hong Kong real estate?"

Lin Zhichao instantly understood that He Xian wanted to talk about the 'sale at a reduced price'.

The two can be regarded as friends, and He Xian once helped Lin Zhichao, and it was convenient to import gold back then.

Therefore, Lin Zhichao said: "Recently, houses are difficult to sell, and you should also know that. Moreover, we cut the price by 5 Hong Kong dollars, so it is not a malicious price cut!"

He Xian immediately said: "No, of course not. Every real estate developer's pricing is different. What Lin Sheng heard certainly does not include what I mean." Then he continued: "I just want to ask Lin Sheng, is the real estate prospect really as good as everyone said?"

Lin Zhichao said in embarrassment: "He Sheng, everyone has their own ideas. I want to withdraw funds quickly to build several commercial projects in Central. As for the prospects of real estate, I am definitely optimistic about the long-term development. However, as a friend, I advise you to guarantee less loans. You only own 20% of the shares, but the risk is too high."

As far as he knew, many of the loans of the Great United Company were guaranteed by He Xian's signature; although the other bank was Hang Seng Bank, once the crisis of the Great United Company came, Hang Seng Bank would also ask He Xian to press for the debt.

Because of my brothers, I will settle accounts clearly.What's more, Hang Seng Bank is not owned by one person, it is the painstaking efforts of many veterans.

He Xian was a little worried at once. Of course he didn't come to settle accounts with Lin Zhichao. The first reason is that he has no reason, and the second is that he has no strength, at least he has no strength in Hong Kong.When he really came to Lin Zhichao, it was just to find out, because he knew Lin Zhichao's legend, so he felt that there must be a monster if something abnormal happened.

"You're right!"

After the dinner, He Xian returned to the Great United Company.

Li Kangjie immediately asked: "He Sheng, what do you say? How many properties does Cheung Kong still have in North Point?"

It turned out that he was worried that Changjiang Industry would have new real estate projects. If this continues, the real estate projects in his hands will not be easy to sell.

He Xian said: "Others don't plan to develop the real estate in North Point for the time being. Moreover, they have a piece of land in North Point in their hands, and they can consider selling it!"

Li Kangjie's eyes lit up, and he said, "He Sheng really has enough face, even Lin Zhichao bought it! How big is the land?"

He Xian immediately said worriedly: "Will this real estate be adjusted in the short term? Is there any risk? I think we should be more cautious."

He felt that Lin Zhichao seemed to be advising him not to take risks with Li Kangjie, especially not to guarantee the loan.He still believed in Lin Zhichao and would not harm him. After all, there was no need and we were friends.

After Li Kangjie saw He Xian met Lin Zhichao, he immediately doubted his real estate prospects, and said without thinking: "He Sheng, don't worry about this, our big joint company has already earned more than 2000 million Hong Kong dollars, and Hong Kong's real estate is booming, we should take this opportunity to continue to expand."

He Xian immediately said: "It's just that the house seems a little saturated recently?"

Li Kangjie said with a smile: "I can't say it's saturated, I can only say that the competition is great now. Moreover, as long as half of a real estate is sold, we can earn back the land fee and construction fee (exaggeration). What are you afraid of? The house is still ours, just keep it and sell it slowly."

Soon, He Xian was persuaded again, because what Li Kangjie said was also very reasonable.

Next, Li Kangjie immediately asked: "Where is the piece of land sold by Cheung Kong in North Point? How much do you plan to pay?"

In his opinion, it may be that He Xian's face is too big, and Lin Zhichao has no intention of intervening in the real estate project in North Point, so Cheung Kong Industrial has sold its North Point site.

He Xian said: "I didn't say anything! But Li Gaofu and Lin Sheng have a good relationship, so you can find out if you ask him."

Li Kangjie's eyes brightened. Li Gaofu is also one of the shareholders of Dalian (5%) and has a close relationship with Lin Zhichao. In his opinion, Lin Zhichao made concessions in this way, and everyone saved face.

Cheung Kong Industries.

"Boss, the contract has been signed, and the first payment has been transferred to our account!" Huang Changhong handed over a document.

Lin Zhichao looked at the sale of a land contract in North Point, and his heart burst into laughter.

He sold a 2.8-square-foot piece of land in North Point to Grand United for HK$460 million, and the unit price was more than HK$160 per square foot.

Of course, this price belongs to the market price, and there is no cheating.

"That's right, we've earned 2 million yuan from the land fee alone, what else is there to develop!"

Huang Changhong knew that the boss was definitely not one to compromise; at least, even if he didn't go to North Point and Western District to buy land, it would be impossible to sell the land in his hand.

Then it can be guessed that if the boss sells the North Point land at a high price, the real estate may plummet.

Of course, he couldn't figure out why the real estate plummeted?
If it is only an imbalance between supply and demand, then the market will only fall slightly, and there should be no sharp drop.

Huang Changhong didn't think about it any further. He knew that the boss must have discovered something, but this kind of discovery must not be noticed by others.

"Boss, that Li Kangjie bought our land this time, I'm afraid it will be even more serious. He really regards himself as the 'King of the North Point'."

Lin Zhichao laughed and said: "If the sky wants to kill him, he must first make him crazy! They probably think that even I have to stay away from the Great United Company in North Point. In this way, Li Kangjie and others will become even more crazy, just wait and see!"

He was also very dissatisfied with Li Kangjie. He bought his real estate very early, and he actually thought that Cheung Kong Industry was going to grab his site.Such a protective calf is not suitable for real estate at all, so let it die as soon as possible, so as not to look disgusting.

Although Liu Baoshan also used Xihuan as a base, she never said that others should not develop it.

But no matter what, this kind of people who like to engage in small circles must be cleaned up.

The land he sold for 460 million, after a period of time, the price of [-]% to [-]% can be bought back almost.

Huang Changhong said: "It's true that this phenomenon is not good! What kind of cakes, Dalian, and Quanshantou are all laymen engaged in real estate, which ruined the entire industry."

Lin Zhichao replied: "Don't bother with them! Doing our project well is the most important thing right now."

"Yes"

Huang Changhong was immediately full of energy. Cheung Kong's current projects are not, residential real estate, commercial real estate, it is simply a big investment.

Cheung Kong Industrial sold a piece of land in North Point to Dalian Real Estate Company; therefore, people in the circle believed that even Lin Zhichao didn't want to entangle with Dalian Real Estate's "Hong Kong and Macau Merchants United".

In the big joint company, although Li Kangjie is the head, but only 25% of the shares; He Xian is the financial strategist, holding 20% ​​of the shares; the rest of the shares are in the hands of eight or nine people.

This is the reason why there are so many people.

After this incident happened, Liao Baoshan also asked Lin Zhichao to have dinner, and Airboat Tai and Li Gaofu also attended.

During the dinner, Liao Baoshan said carelessly: "Lin Sheng, I didn't say that if you come to Xihuan to develop, I will never complain, everyone just competes fairly. Every time someone like Li Kangjie goes to North Point to develop a site, they are very hyped. This time, even you don't want to bother them. They are too much!"

Airship Tai and Li Gaofu immediately regretted joining this large joint real estate company. The two of them had participated in smuggling at the beginning, so they couldn't get rid of their sympathy, so they both invested 5% of the shares symbolically.

However, neither of them participated in the company's affairs, so they just let it go and didn't even check the accounts.

Lin Zhichao smiled and said: "It's okay, I earned 200 million Hong Kong dollars on the land. It just so happens that everyone has money to find together, and if they want to develop it, let them develop it."

Seeing Lin Zhichao's hearty smile, the three of Liao Baoshan immediately understood that Lin Zhichao didn't take Li Kangjie and others seriously at all, and sold the land to them just because he didn't want to get entangled.

Airship Tai said at this time: "Now this building is still a bit difficult to sell. The market supply has been a bit large in the past two years."

Liao Baoshan said indifferently: "It's not easy to sell, so let's sell slowly. The house price is rising slower than the land price, and there is still potential!"

Airship Tai and Li Gaofu also agree with this point of view. They are not the type of rapid progress, and because they entered the sale of uncompleted properties earlier, they are relatively strong.

Taking a step back, even if housing prices and land prices plummet, their losses will not be great, and they can pay land fees, construction fees, etc. without lack of money.

However, at this time, Lin Zhichao vaguely guessed that because of his appearance, he also brought a piece of Li Gaofu in to share a share. I am afraid that the house could not be sold, and it reached saturation about half a year in advance.

Next, it was difficult for everyone to sell houses, and the remaining houses in Hong Kong accumulated more and more.

Once the Hong Kong government promulgates the "restriction on the sale of uncompleted flats" ordinance, it will remove the last straw.

Perhaps, there will be a big plunge in the second half of this year. (end of this chapter)