People in Hong Kong create super chaebols

Chapter 175 Lin Boxin’s Admiration
"In this case, I would like to ask Mr. Su a question. I have been thinking about this question for a long time and have never made a decision. Mr. Su has his own personal opinions on business. I wonder if Mr. Su can help to clear up the confusion?" Lin Boxin said. Like a student, he faced Su Cheng for advice.

Lin Boxin is already over 60 years old, while Su Cheng is just a young man in his early twenties.

If this scene was seen by others, it would be very strange.

An old man in his 60s, asking a young man in his early twenties?
"Don't hesitate to ask for advice. You have been in the mall for many years and have much more experience than a young man like me. However, if Mr. Lin has any questions, you can tell us and we can discuss it with each other." Su Cheng said with a smile.

"If you develop real estate and only sell it without leasing it, or sell it while developing it and continue to develop new properties after collecting the funds, which method will make more profits in the future?" Lin Boxin really asked for advice seriously.

“I personally think that in today’s Xiangjiang, whether you are developing residential properties or industrial buildings, if you have the capital, you don’t have to rush to sell. I even think that the future property market in Xiangjiang will rise dozens of times.

For example, the current price of industrial buildings is several hundred yuan per square meter. Mr. Lin should mainly invest in this direction, right?I think that by the 80s, it could be sold for several thousand yuan per square meter, and in the 90s, it could even be sold for tens of thousands of yuan per square meter. If he could insist on only renting and not selling, Mr. Lin's assets should be able to increase many times in the future.

Leasing industrial buildings can also recycle funds steadily every year, but the speed is slower, but the fixed assets are always yours, and you can sell them at any time when urgent funds need to be cashed out in the future.

And if funds are in short supply and funds need to be withdrawn quickly to reduce risks, naturally the only option is to develop and sell at the same time.

Therefore, I strongly suggest that the direction developed by Mr. Lin, the field of industrial buildings, is worth holding and renting out.

This is my family's opinion. If there is anything wrong with what I said, please forgive me, Mr. Lin. "

Su Cheng told everything he knew, and what he told was the truth. It was a family story anyway, and whether others believed it or not was their business.

The real estate market in Xiangjiang is very large, and Sioux City has never thought of monopolizing it.

Even if he doesn't say this, there are still a large number of companies entering the real estate field.

Hutchison Real Estate, for example, is one of the top ten real estate companies in Hong Kong and has invested in and developed many residential properties and industrial buildings.

After Sioux City took over Hutchison Whampoa, it gave Weili a lot of advice. Among them, Hutchison Real Estate, in addition to developing and selling residential properties, also only developed industrial buildings and commercial buildings for leasing but not for sale.

Although it is difficult to recover the capital by renting, it is not impossible. It will only take ten or eight years at most to recover the cost. When it is sold in the future, the price of the property will have increased many times.

After discussions between Wei Li and the general manager of Hutchison Real Estate, these suggestions were finally accepted.

Because only foreigners who have lost confidence in Hong Kong will not believe in the future property market in Hong Kong.

People like Wei Li who firmly believe that Xiangjiang has unlimited future potential will naturally not have this problem.

Of course, under such circumstances, the development speed of Hutchison Real Estate will obviously slow down, which will also affect Weili's year-end dividends.However, Sioux City promised Weili that if there were no major mistakes in Hutchison's development, he would always support Weili's management team.

"Mr. Su, you are simply my confidant. I have always thought so. Many people in the group are opposed to my approach. They feel that the speed of withdrawing funds is too slow, and they have been holding it without knowing the future. What kind of situation will Xiangjiang's property market take? It's just that I have overcome all difficulties and persisted in following this path.

Now I only rely on rent collection, and the rent I receive in a year exceeds 6000 million Hong Kong dollars. And every year, the money we earn in the textile industry is basically invested in the real estate industry, so the rent is increasing every year. If If we sell all the buildings in our hands, we can get more than one billion in funds, no problem, but I think this is just a small profit. If we keep holding on, this one billion real estate can become tens of billions of real estate or even more in the future! "After hearing Su Cheng's words, Lin Boxin seemed to have met her soulmate and acted very happy.

Throughout the 70s, Lai Sun Group built a large number of industrial buildings, most of which were rented out except for a small portion for self-use.

This is indeed different from most real estate companies.

"I think that since you are doing business in Hong Kong, you must have confidence in the future of Hong Kong. If you are afraid of this and that, and if you are worried about the future prospects of Hong Kong, it is better to withdraw your investment early and leave Hong Kong to invest elsewhere. So there is no need to worry at all. Will Hong Kong's economy collapse in the future?

Hong Kong’s future economy cannot always be smooth sailing, but this is the normal behavior of international metropolises. Just like the stock market, if there is a bull market, there will naturally be a bear market. There cannot always be a bull market. It is just a bunch of bubbles. Therefore, we Just stick to your heart and do what you think is right. "Su Cheng continued to laugh.

"Mr. Su is so young, but he is so far-sighted and far-sighted. I finally understand why Mr. Su has become a famous and rich man in Hong Kong at such a young age. With your knowledge, you have surpassed too many people." A businessman." Lin Boxin said with emotion.

Looking at the words and deeds of the young man in front of her, and comparing it to her son who was making tea, who usually acted more like a playboy, Lin Boxin suddenly felt a little depressed. It would be great if Su Cheng was a junior in his family, so that he The heir is here!

Lin Boxin admired Su Cheng more and more.

This knowledge and performance are simply incomparable!

At the same time, he also became more determined in his thoughts and decided to develop the real estate industry step by step according to the plan he had already set.

"Mr. Lin's words are too exaggerated. This is just my personal opinion. It does not mean that Hong Kong will be like this in the future. If you can't make money then, you must blame me." Su Cheng said with a smile.

"No, I originally just wanted to ask Mr. Su for advice, but I didn't expect to get an answer that made me happy. This is enough. It shows that I am not the only one who thinks so. Even rich men like Mr. Su are If you think so, I am not alone!" Lin Boxin stood up, toasted Su Cheng with a tea cup, and then drank it in one gulp.

Su Cheng also stood up with a teacup in hand and responded.

In a few years, Xiangjiang will experience a trough in the real estate market. However, as long as this trough is overcome, the real estate market in Xiangjiang will further experience explosive growth. Su City also plans to spread out the entire Xiangjiang and become the largest landowner in Xiangjiang.

However, that will have to wait until after 1982. It is only 1978, and there are still a few years for Sioux City to prepare.

(End of this chapter)