The Birth of the Hong Kong Island Family.

Chapter 9 [Cheung Kong Properties]

Lin Zhichao came to the Huarenhang Building, intending to rent an office building and put up the signboard of "Yangtze River Real Estate".

"Lin Sheng, you are so young and promising!" The agent said flatteringly.

Lin Zhichao smiled lightly, he was only 19 years old, even if he dressed a bit more maturely, he would still look 20 years old.Although there are many bosses who start businesses at the age of 20, few of them have started so high and dare to rent office buildings in Central.

"I'm sorry, let's look at the house directly!"

"Okay, it's not easy for you to follow me to this Chinese building. In the 20s, we Chinese businessmen couldn't squeeze into Central to work, and foreigners looked down on our Chinese businessmen. Later, after the building was completed, our Hua The businessmen gradually became wealthy, so they leased it one after another. This annoyed the foreign businessmen who leased here, and then they protested, but in the end they had no choice but to leave the building. In this way, we Chinese businessmen came to this building one after another, and It has gained a firm foothold in Central, so the owner also changed its name to 'China Building', and this building is very meaningful."

Lin Zhichao did not blame the intermediary for talking too much, on the contrary, he listened with great interest. Although the status of Chinese businessmen at this time has improved to a certain extent, they still need to be after the 70s to reach the height of British capital.

The Huarenhang Building also has a very important significance in later generations, that is, the "Far Eastern Club" stock exchange was quietly prepared in the Huarenhang Building, and finally announced its establishment suddenly.

Because under the circumstances at that time, Li Fuzhao and others were also worried that they would face pressure from the "Hong Kong Association" during the preparatory work, which would affect the establishment of the "Far East Association".

If there is no "Far East Association" and if there is no "Four Associations", it will be very difficult for Chinese companies to go public, and it will be impossible to raise funds. How can Chinese capital surpass British capital in the 70s?
Therefore, the commercial history of Xiangjiang is the struggle history of Huazi, and the history here is very meaningful.

"Is there a lot of rentable office buildings in Huarenxing Building now?"

"Not many, just two, and only one that meets your requirements. And to tell you the truth, many companies have recently moved to Xiangjiang from the mainland, or set up branches. According to this situation, the office buildings in Central may be very expensive. The supply is going to outstrip the demand. So it’s a good time for you to rent at this time.”

I didn't expect an intermediary to have such insight.

At this time, it may be said that there are signs of these, and only well-informed people can discover them.

When they came to the 6th floor of the Huaren Building, the two walked into an office building of about 800 square feet.

"Look, Lin Sheng, the windows here just overlook Queen's Road, and the view is very good."

Lin Zhichao hardly hesitated, and simply took a few glances.

"Well, indeed. I like it very much, so I don't hesitate to rent it!"

At this time, the rent of an office building on Queen's Road in Central is HK$0.7 per square foot per month, so the monthly rent of this office is 560 yuan, and the annual rent needs to be nearly 7000 yuan.

In 1948~1949, the price may have to double, which is the result of the shortage of supply.

Although he knew this, Lin Zhichao did not intend to use this information to sign for a few more years.The first is that the landlord will not be so stupid, the second is that Lin Zhichao's funds are limited, and the third is that he can also earn this increase.

Upon hearing this, Hu Zhaoxu, the agent, quickly said, "Lin Sheng is such a straightforward person, he deserves a boss like you to get rich."

Lin Zhichao smiled and said: "Haha", seeing that Hu Zhaoxu is an elf, Lin Zhichao felt that he could win him over, so he said, "Axu, would you like to work with me? Guaranteed to earn no less than you as an intermediary!"

How much money can a renting agent earn?

Hu Zhaoxu was taken aback for a moment, and immediately said, "Lin Sheng, what do you do?"

Seeing that Lin Zhichao didn't shake things up a bit, others wouldn't be shaken at all, so he said, "I plan to buy land and old buildings, and then build new ones for sale. You all know that there are more and more bosses in Xiangjiang, so naturally You should also know the prospects of the real estate, if you have an idea, you can come here to meet me later, and discuss the specific treatment in detail."

If you don't force it, it depends on whether Hu Zhaoxu knows people or not.

Hu Zhaoxu quickly said: "Okay, thank you Lin Sheng for your appreciation, I'll go back and think about it!"

In fact, ripples had already arisen in his heart, and he planned to talk about it. He saw that Lin Zhichao had a good temperament, and he planned to start a real estate business, probably because of his strong capital.

It is suitable to open on Valentine's Day, February 2.

Cheung Kong Properties was established in a low-key way that day, and there were three employees including him—Lin Zhichao, Li Gaofu, and Hu Zhaoxu. Of course, they will continue to recruit in the future.

However, real estate in this era is relatively simple.

For legal and formalities issues, find a cooperative law firm, one-stop service;
For construction issues, it is better to find a cooperative teacher building, and it is better to have a trustworthy teacher, you can add your own ideas, and outsource design and construction;

The rest is the sales issue, just plan it yourself.

During this period, the real estate industry in Hong Kong was not developed at all, mainly due to restrictions:
First, the Hong Kong government stipulates that the highest residential buildings cannot exceed five floors, and the general residential buildings are in the shape of tenement buildings.

Second, the real estate transactions in Hong Kong during this period were all sold in units of "buildings" and "buildings", which greatly raised the threshold for property transactions. Those who could afford a building were wealthy merchants.

Third, there is no 'off-the-plan sales' or 'tiered sales' in this period, and real estate companies are slow to pay back, which is not conducive to real estate development.Even if the building is completed, it may not be possible to find a buyer in a short time.

In short, many restrictions have seriously affected real estate development.

On the other hand, there is a large shortage of housing in Hong Kong. Although the Hong Kong government encourages capital to rebuild damaged buildings after the war, it still does not help.

Lin Zhichao dared to intervene in Hong Kong's real estate industry. Naturally, he has a magic weapon. What's more, Hong Kong's real estate will rise in the next three years. This alone is enough to intervene in the real estate industry.

"Zhaoxu, the job of the two of us now is to find land or old buildings. We can almost build two or three tenement buildings, which is the best goal!"

"Okay, boss, I'll go outside to find out the news and search for the target, and then report to you."

Lin Zhichao nodded. Hu Zhaoxu is 27 or [-] years old this year and has been working as an intermediary for several years. He is more familiar with the real estate situation in Hong Kong than he is.

"Brother Gao Fu, you go to place a job advertisement now. We need accountants, cashiers, and construction professionals. Also, buy office supplies."

Li Gaofu took a notebook to record Lin Zhichao's request, nodded and said, "Okay, I'll prepare right away."

Lin Zhichao finally said happily: "Although Changjiang Real Estate has just been established, as its name suggests, the Yangtze River does not choose trickles, so it can be mighty for thousands of miles. The source of the Yangtze River is only a trickle, and it flows eastward, containing countless tributaries, forming a vast ocean. In the future, the development momentum of Changjiang Real Estate will be the same as that of the Yangtze River, from small to large. The Yangtze River is the mother river of China and the pride of the Chinese nation. The future Changjiang Group should also be proud of the Chinese people. The mighty Yangtze River Wanli has a broad mind, and a person who is interested in industry should sail thousands of miles, break through the waves, and create great achievements."

Seeing that Lin Zhichao had such great ambitions, the two subordinates immediately looked at him excitedly, feeling that they were following the right boss.

After arranging the work of two subordinates, Lin Zhichao also carried out other work in an orderly manner. He first planned to contact the law firm he cooperated with to solve the legal problems of what he was going to do.

Otherwise, Lin Zhichao will not be able to make waves in the real estate industry.

(End of this chapter)