Started from Hong Kong Island

Chapter 55 [Too Ideal]

Li Wendi thought about it and believed that Chen Xingzhou's plan was feasible to a certain extent and had a lot of room for operation. However, the impact it would create was also a bit too great. After all, the premium was higher than the market situation.

In fact, the main reason for establishing a new company is unwillingness and revenge, followed by making money.

"Okay, since it's a premium, I'll arrange for someone to take care of it." Li Wendi saw that Chen Xingzhou was a little confused, and smiled, "It's not good for our actions in Wan Chai if it's exposed too early."

Exposure means attracting the attention of Lin Jianmin, who is the inspector of Wan Chai Police Station. If he interferes, Changheng Real Estate’s plan in Wan Chai may face some difficulties.

Chen Xingzhou nodded. "The person we are looking for must be reliable. This is our first business in Wan Chai and it has great significance."

Hong Kong people attach great importance to the "success of the first business deal" and use it to judge the success of future business. It seems a bit superstitious, but it does affect the confidence in doing things.

The two then analyzed the information about the property owners and selected some owners who were easy to talk to.

After leaving there, Li Wendi went to Deep Water Bay Villa to check on the progress of the renovation.

As soon as he entered the room and saw Zhang Yan looking a little embarrassed, Li Wendi laughed and said, "I didn't expect you to be so attentive. Don't worry, I'll give everyone a big red envelope next time."

Zhang Yan curled his lips and said, "It's because I'm working on it for you. Otherwise, I would have been sitting here drinking tea."

Li Wendi looked around and asked, "How long will it take to complete?"

"If things go according to plan, it can be completed within a week. It's just a simple decoration." Zhang Yan said seriously.

"Well, as soon as possible." Li Wendi waved to Zhang Yan, and the two came to the back garden which was only covered with weeds.

Li Wendi whispered to Zhang Yan, "Investigate the owner according to the information, find out what other buyers are offering, and then raise the price a little bit, and take over the property as quickly as possible."

Zhang Yan wanted to take it out and have a look, but was stopped by Li Wendi, "Look at it later, this is my private matter, I will pay your commission."

"Wendy, we are just friends, so no need for money." It was the first time that Zhang Yan was not blinded by money.

"Another thing is that I plan to use the company's name to buy properties in Causeway Bay, mainly shops. I plan to do shop partition business. Maybe I won't make much money from the business, but I can make some money from decoration." Li Wendi said seriously.

Li Wendi has full control over this matter, but he has to take Zhang Yan's mood into consideration. After all, this is a business between two people.

"Will Wan Chai and Tsim Sha Tsui be better than Causeway Bay?" asked Zhang Yan.

"Wan Chai and Tsim Sha Tsui are indeed more suitable than Causeway Bay, but our funds are limited, so it is difficult to buy shops in prosperous areas, and it is easy to cause capital turnover difficulties. The properties in Causeway Bay are cheaper." Li Wendi patiently explained, "Wan Chai's area is limited, and Causeway Bay is bound to attract the attention of other real estate companies. Moreover, Causeway Bay is not very remote."

"Well, it's up to you. I don't really understand these things anyway." Zhang Yan smiled again in the blink of an eye.

After bragging to Zhang Yan for a while, Li Wendi ate a box lunch in the villa before leaving.

In the afternoon, Li Wendi went straight to Causeway Bay and saw the farm of Dairy Farm International as soon as he got off the tram.

It is incredible that there is a farm near the Central business district in such a densely populated area of ​​Hong Kong Island. No wonder it attracts the attention of giants like Hong Kong Land.

Although Dairy Farm International's chairman Zhou Xinian wanted to develop the product, he was greedy. After failing in officialdom, he wanted to prove himself in the business world, so he didn't want to share a piece of the pie with anyone but wanted to keep it all to himself. Unfortunately, Dairy Farm International didn't have the strength to develop the product on its own and had limited funds, so the development was delayed.

Li Wendi didn't know whether the Hong Kong Land Development had noticed the fat piece of meat of Dairy Farm International at this moment. Of course, he would not buy the shares of Dairy Farm International so quickly, otherwise he would lose a lot of money, and he only had so much money.

According to the original history, after the Hong Kong Land Development swallowed up Dairy Farm International, it developed the land in Causeway Bay into several buildings, including the Excelsior Hotel, the World Trade Center and the Windsor House.

Information about Dairy Farm International from his previous life kept emerging in his mind. Li Wendi shook his head to drive out these distracting thoughts. These things were still relatively far away, and only by taking care of the present could he get better results.

Today's Causeway Bay is far less prosperous than it will be in the 21st century. Although there are some commercial buildings, most of the shops are still small, such as convenience stores and restaurants run by couples.

These shops are not Li Wendi’s best targets. His targets are large shops in busy areas or locations that he remembers have great potential.

Ideal is full, the reality is very skinny!
He visited all the good locations he could remember, but unfortunately the owners either refused to sell or asked for too high a price, which was comparable to the prices in Central, so there was really no need to bargain.

As evening approached, Li Wendi still had nothing to show for it, so he could only take the tram to Central in despair and then take the bus home.

He didn't expect that Causeway Bay would be so popular at this moment. Some owners even regarded their shops as heirlooms, saying that they were blessings left by their ancestors and should not be easily abandoned.

Li Wendi was not discouraged, but his mind became clearer. Time travelers cannot always be blessed by God, and it is more realistic to rely on oneself for some things.

If you seek the upper part, you will get the lower part! If you seek the upper part, you will get the lower part!
He knew this very well, so he immediately changed his plan, lowering his target and acquiring some medium-sized properties for renovation, which would not be too bad for him.

Li Wendi's pocket is already tight. Not only does he have to spend 15 yuan on the new company, but he also has to prepare 10 yuan for the decoration of his villa. Now he can only take out less than 2 yuan.

He had bought the villa only a short while ago, and the next day he went to the agent to inquire about the news. He was a little disappointed to learn that the price had increased by 5%.

Now is an era of great development. Foreign companies are pouring into Hong Kong desperately, but the price of villas, a basic need, has only increased by 5%.

However, considering the increased price due to renovation, I should be able to make 2%.

Although he was reluctant to sell the villa, Li Wendi had no better solution. The company needed capital turnover, and if the funds were tied up, many great opportunities would be lost.

So the next day Li Wendi found a larger agency to help find a buyer for the villa.

"Mr. Li, the price of villas is rising very fast now. If you wait a little longer, you can definitely make a 5% profit." The fair-faced young agent persuaded.

"No, I need money for investment now." Li Wendi waved his hand.

"The current price of an unfinished villa is about 275 yuan per square foot, but Mr. Li's villa has been decorated, so it can be sold at 315 yuan. In order to guarantee this price, I will raise the price per square foot to 350 yuan, so that there will be room for bargaining." said the young agent.

"Okay, let's do as you say. I will definitely not treat you unfairly in terms of commission." Li Wendi said with a smile.

He felt that the final transaction price should be higher than 315, so that he could earn an extra one or two percentage points.

(End of this chapter)