Started from Hong Kong Island

Chapter 61 [Making money is the most important thing]

When big companies lower prices, it will naturally cause panic among some property owners. They worry that they will not get the original premium, but they still want more money, which allows people like Li Wendi to get a bargain.

As a real estate developer, although Li Wendi is not very professional, he can still afford to compete with big companies. After all, he has some funds and he knows the future development trend of Wan Chai. Those real estate developers will definitely not delay too long, because a large amount of funds will be trapped for too long, affecting the company's development, and they may even have to pay a lot of interest to the bank.

Taking advantage of the booming real estate market, commercial buildings in Central are in short supply. The sooner a building that adapts to the times is completed, the investment can be recovered earlier, or it can be sold at a high price to make a fortune, and then continue to invest in the construction of other commercial buildings, realizing the "rotation of goods" and better and faster expansion of the company's capital.

Li Wendi believes that the Wan Chai property he bought at a 2% premium can be sold at a 4% premium. In the worst case, it can be sold at a 3% premium. He can make a 1% profit and earn tens of thousands of dollars.

To Li Wendi's surprise, someone from a real estate company came to his house the next day to discuss the sale of the property with him, making Li Wendi marvel at how well-informed these people were.

"Mr. Zheng, you should have heard about the price I paid for the property on Bowrington Road in Wan Chai, so what price do you want to offer?" Li Wendi took a sip of tea and asked with a smile.

Mr. Zheng, whose full name is Zheng Qishan, is the head of the property department of Liao Chong Hing Enterprises Co., Ltd., and is specifically responsible for the acquisition of properties in several buildings on Bowrington Road in Wan Chai.

"Mr. Li, you are also a veteran in the real estate industry. Although there is a trend of property acquisitions in Bowrington Road, Wan Chai, the premium is generally not more than 2%. However, considering that Mr. Li bought it at a 2% premium, our company can offer a 25% premium." Zheng Qishan saw some disdain on Li Wendi's face and continued to persuade him without any change in expression, "Mr. Li, I personally think this price is acceptable. You have only bought the property for one day, and you can make a 5% profit as soon as you sell it. It is already very good."

"Mr. Zheng, if the price is 25%, then I'd better keep it and wait for it to appreciate in value. You don't have to force it." Li Wendi said with a seemingly gentle smile.

Making 5% profit is definitely not Li Wendi's goal. It is too far from the expected result. He is not an ordinary owner. Zheng Qishan should have known about Li Wendi's background before coming here. As for 5%, it is just a tentative price.

Liao Chong Hing Enterprises might be a little afraid that gangsters like Li Wendi would become the stubborn obstacle in the acquisition case, so they eagerly sent Zheng Qishan to negotiate, otherwise they might have to pay a greater price in the future.

"Mr. Li." Zheng Qishan said a lot of nonsense again, which made Li Wendi a little annoyed, but he refused to raise the price.

"Mr. Zheng, if the premium is still 25%, you can go back. I have other things to do." Li Wendi immediately ordered him to leave. No one wanted to listen to a stranger's nonsense.

Zheng Qishan was stunned when he heard this, but after thinking carefully, he raised the price tag. "A 28% premium, this is already the highest price offered by Liao Chongxing Enterprises."

Li Wendi looked unhappy. He really didn't want to bargain with Zheng Qishan, who was not a good person, so he held up four fingers and said, "4%. If it's okay, we'll sign the contract. If not, the door is right there."

Zheng Qishan was shocked by the price. "Mr. Li, this price is impossible. The company will not agree to it."

"Mr. Zheng, your company has already acquired a lot of building properties. Can you let them go easily? Go back and ask if this price is okay." Li Wendi said expressionlessly. The slight increase in price made him a little reluctant to talk to the man in front of him.

We are all smart people in the real estate industry, so why bother to fool him with the usual tricks? This will only cause others to be disgusted. Zheng Qishan knew that once he left, he might not see Li Wendi again, which would be even more troublesome, so he asked Li Wendi, "Mr. Li, can I borrow your phone? I need to coordinate with the company."

"The phone is on the other end, Mr. Zheng, please feel free to go." Li Wendi picked up the newspaper without even looking up at Zheng Qishan.

Zheng Qishan walked over slowly, picked up the phone, and dialed the company's number according to his memory.

Li Wendi was still reading the content in the newspaper. After the Jockey Club failed to crack down on illegal betting points in Hong Kong, it decided to take action itself and open Jockey Club betting points in every corner of the city and some large residential areas.

Li Wendi seemed to have seen the heavy losses suffered by those gangs. You have to know that the gangs are shady businesses, and if they win some big bets, they won't really lose the money. Instead, they will send killers to 'buy' the lives of that family. After all, such killers only cost a few thousand dollars to do it.

Since the society's betting points are hidden underground and cannot be seen in the light, once the Jockey Club opens a betting point, it is believed that all the D customers will patronize the legal betting points, and the society's betting points will soon be deserted and will not be far from closing.

Of course, this matter has little to do with Li Wendi. The ones who should be troubled are people like Deng Songlian and Wei Renwei.

20 minutes later, Zheng Qishan walked up to Li Wendi hesitantly, and after thinking for a long time, he said, "Mr. Li, the company is only willing to pay a 35% premium. In fact, this is already the highest price in Hong Kong. The price offered by Liao Chongxing Enterprises is already much higher than that of its peers."

Li Wendi thought about it and was unwilling to stay in the 5% range for too long, as this would affect the subsequent investment. Time is money, "Okay, I'll take a step back and let's just go with 35%, but all payments must be settled on the day of signing the contract."

"Okay, I'll go back and arrange it right away. We'll go to the law firm to sign the contract tomorrow." Zheng Qishan's face showed joy. He finally managed to deal with the most difficult owner.

After this incident, Liao Chongxing Enterprises will definitely pay a 2% premium to acquire all the properties, because they are afraid of encountering someone with a background like Li Wendi again. Some losses do not matter, but if they fail in the project of acquiring the building, the losses will be even more serious.

After Zheng Qishan left, Li Wendi's expression gradually eased. He earned about 10 yuan in profit in two days, which was actually quite amazing. The key was the capital recovery. He could then invest heavily in the Sham Shui Po warehouse project. This was the real way to 'make money like a wheel'.

That afternoon, Li Wendi received the news that Liao Chongxing Enterprises Co., Ltd. would acquire all the properties of Lington Building in Wan Chai at 120% of the market price, and the contract could be signed and the full amount paid the next day.

Suddenly, the property prices in Wan Chai stabilized at a price 2% higher than the original market price, and no disruption would be tolerated.

Under such circumstances, Liu Chong Hing Enterprises Co., Ltd. became the focus of the real estate industry, making some small companies gnashing their teeth in hatred. After all, their funds were not as sufficient as those of Liu Chong Hing Enterprises Co., Ltd., and the loss was not small. Those medium-sized real estate companies also had some opinions about Liu Chong Hing Enterprises. In any case, they had lost a lot of money.

However, Liao Chongxing Enterprises does not care much. They knew the consequences from the beginning of doing this. What the enterprise values ​​most is profit, followed by influence.

(End of this chapter)