The birth of the Hong Kong Island family

Thursday, March 8th.

Lin Zhichao and Hu Zhaoxu came to participate in the official land auction again. After completing the goal this time, Changjiang Real Estate will suspend participation in the auction; after all, the price of the land is already a bit high, and the speed of return of funds from Changjiang Real Estate cannot keep up.

This year, Cheung Kong Holdings needs to sell a total of 2,500 residential units, which can make a profit of more than 60 million yuan.

As for the share in Hong Kong, it is estimated that less than 15% of the supply (calculated by registered sales); that is to say, the supply of residential units in Hong Kong this year is at least 20,000, or even higher. Obviously, this is 'consuming' the demand for next year and the year after next. It is expected that by the end of the first half of next year, the market will be saturated.

Lin Zhichao knows that "real estate is a long-term investment business", so he is not in a hurry to invest wildly for a while; moreover, if the land is stored, the profits will be greater in the future.

Therefore, there are a total of 5 real estate development tasks this year. Among them, the public Sifang Street real estate has eight buildings with a total of 1,850 residential units; the remaining 4 small real estate projects have a total of about 700 residential units, excluding the area of ​​shops.

After a brief greeting, the major real estate developers took their seats one after another.

After the auction started, everyone quickly whispered in the audience. The Hong Kong government was also slow to respond, so far it has not stopped this kind of behavior; but today Lin Zhichao changed his usual and refused to eat cakes.

Therefore, after he took a fancy to two pieces of land, he refused to transmit messages through the air and focused on winning the land.

As a result, Changjiang Real Estate paid HK$4.85 million for a 18,000-square-foot and 25,000-square-foot residential land in the urban areas of Hong Kong and Kowloon, making it the highest residential unit price ever transacted today.

As for other land, many unit prices did not exceed 100 Hong Kong dollars per square foot, and even the land that should have been worth 110 Hong Kong dollars per square foot was sold for only more than 80 Hong Kong dollars per square foot.

After the auction, Chen Detai stepped forward and asked, "Lin Sheng, what do you mean today?"

Although the tone was not questioning, it still made Lin Zhichao a little unhappy.

Lin Zhichao said directly: "You have gone too far. You are a small business and you are also eating cakes. I am really not afraid of prosecution by the Hong Kong government, but I still feel that the Hong Kong government will not notice it."

At this time, many Chinese real estate developers gathered around and had some psychological activities after listening to Lin Zhichao's words.

Liao Baoshan also frowned. He didn't want to eat cakes at first, but now he was on a thief ship, and he was a little reluctant to quit. The main reason was that everyone set the price and it was uncomfortable.

Airship Tai was thoughtful, and was also a little worried at this time, but quickly put it behind him. After all, it is impossible for so many businessmen to unite to cause an accident; at least, the Hong Kong government has to warn first.

Chen Detai said: "We did not violate the law, and the Hong Kong government has not said anything for so long, so what are you afraid of! Now the Hong Kong government has made a lot of money from a piece of land, at least twice as much as before."

Lin Zhichao knew the nature of these people - greedy and stopped talking nonsense: "Then we will cooperate again next time if we have a chance. This time I was overly worried!"

There is no need to speak harshly to avoid being said to be unsociable.

However, Chen Detai and Li Kangjie have 'offended' Lin Zhichao. When their land is auctioned in the future, if someone is a 'cake eater', Lin Zhichao will not miss it.

Yes, these people would never have thought that Hong Kong real estate would plummet in the next year or so. Due to financial problems, their sites could only be auctioned, and they would probably be "cake eaters" by their peers.

Really, when will the injustice be repaid!

Afterwards, everyone dispersed, and Li Gaofu accompanied Lin Zhichao to the parking lot.

"I heard that you also participated in the Li Kang Festival's Great United Company. What did you think?"

Li Gaofu smiled bitterly and said: "I can't explain it. The people in the Grand United Company were all smuggling friends from Hong Kong and Macao back in the day. Li Kangjie coaxed He Xian around again. I feel a little sorry if I don't vote. I think this is the case, just like the airship Tai, it symbolizes He invested 500,000 Hong Kong dollars sexually, and he can do whatever he likes."

Lin Zhichao nodded and did not pursue the matter further.

For Li Gaofu, it is difficult to refuse completely when encountering this kind of thing, because he was a smuggler in the past and received favors from many friends; now there are more than ten shareholders in this large alliance, which can be said to be very powerful.

Li Kangjie and Chen Detai's high-profile approach, one engaging in a 'grand alliance' and the other engaging in a 'cake-eater', will bring bitter consequences to them. It’s not that what they did is wrong, but that character determines a person’s luck. If they have no strength but like to be high-profile, they are ‘looking for death’.

Back to Cheung Kong Holdings.

Lin Zhichao was thinking about it in his office. He decided to temporarily stop auctioning land on official land until 1958.

Cheung Kong Holdings already has 1.35 million square feet of land that has not yet started construction. The land that has started construction this year has reached more than 250,000 square feet. Next year, it is expected to start construction of 100,000 square feet of land, with 1 million square feet of land reserved.

Of course, these do not include the four commercial sites and old buildings in Central.

Huang Changhong walked into the office and reported: "Boss, the Planning Department has approved the plan of 'Mandarin New Village'. Can we prepare to sell off-the-plan properties?"

The public Sifang Street project in Yau Ma Tei was named 'Man Wah Village' by Lin Chi-chao and positioned as a 'private housing estate'.

After Lin Zhichao thought for a while, he said: "Of the eight buildings in Wenhua New Village, one batch will be sold in May, one batch will be sold in October, and the off-plan properties will be sold in two batches."

Huang Changhong said: "Okay, I'll arrange it right away." Then he added: "This month (March) we have a Lijing Building for sale, and next month we have a Yonghui Building for sale. They have all been arranged. This year In the past two months, a total of 10 residential buildings have been sold in Hong Kong, and everyone is desperately selling off-the-plan properties."

This year, the Hong Kong government also officially introduced the "Consent Form for Pre-Sale of Uncompleted Properties" system to regulate the pre-sale of pre-completed properties in a legal form. Real estate is now booming.

Although there were only 10 residential buildings for sale in two months, in fact, there will only be more and more in the future. Moreover, some owners still build five-story tenement buildings because the land is not enough to build buildings. However, such tenement buildings are not sold to the outside world, and the owners usually collect rents.

Lin Zhichao said: "We follow a stable development pace. The longer the land is kept, the higher our profits will be. Ten years from now, maybe everyone's average land price will be 500, but ours will be less than 100. This is considered a stable profit. "

Huang Changhong nodded. He now also intuitively experienced the advantages of "reserve land". The cost of the boss's purchase of many lands was less than 30 Hong Kong dollars. Now the land alone has increased two or three times.

Even if Cheung Kong Holdings develops five properties, it will definitely be the largest residential supplier in Hong Kong. It just means that it has a lot of cake to share.

In a restaurant in Central, Lin Zhichao, Li Gaofu and Yu Chengwan were having a gathering.

Since the end of August last year, Yu Chengwan has regarded Lin Zhichao as his lifesaver and is extremely grateful. Of course, Lin Zhichao doesn't need this kind of gratitude. We can just be friends normally and there is no need to play too many tricks.

Lin Zhichao is usually busy with work and has many friends, so it is actually rare to get together once a month. However, Yu Chengwan took the initiative to invite this party, and Lin Zhichao still gave him a face.

During the dinner, Lin Zhichao took the initiative to show concern: "Lao Yu, how about buying our house?"

Yu Chengwan immediately said excitedly: "Lin Sheng, thanks to you, I sold five off-plan properties and made a net profit of 10,000 Hong Kong dollars for each unit! I plan to keep the remaining five units to collect rent."

Lin Zhichao smiled and said to Li Gaofu: "This Lao Yu is not only good at leading troops in war, but also good at doing business. He bought me five houses for 100,000 yuan, and he also knows how to collect rent steadily."

Earn 50,000 yuan and spend another 100,000 yuan, which is exactly the "purchase price" of the house in Yu Chengwan's hands.

Li Gaofu said: "Kampali Road is a prime location. Based on Lao Yu's purchase price of less than 30,000 yuan, the rent can be recovered in six years."

Hearing the banter between the two, Yu Chengwan was excited after all. He dreamed of breaking into the 'rich circle', but these two were the only real rich people he knew, and they were both real estate tycoons.

At this time, Yu Chengwan said: "Lin Sheng, Li Sheng, I invite you here this time to tell you some news. A businessman friend I know has several properties connected together, and the total area is It’s about 18,000 square feet. He heard that land prices have been very high recently, so he planned to sell it. When I heard the news, I thought of you two immediately."

What a good thing!

Now, to put it bluntly, if you have land or old buildings, you can make money immediately. Of course, this is for large real estate companies. Ordinary people don’t know how to build high-rise buildings and how to sell off-the-plan properties. Just like the Kadoorie family, they would rather sell land than build a high-quality building.

Lin Zhichao asked: "Where is the location?"

When Yu Chengwan saw this, he immediately felt happy, because as long as Lin Zhichao and Li Gaofu purchased this project, he might get an intermediary fee; although even if he didn't pay it, he wouldn't mind, after all, Lin Zhichao had saved his life; but , he is more willing to believe that Lin Zhichao's character is absolutely and very good, and he will give it as usual.

"Fu Wah Street, Sham Shui Po, there are a total of 6 old tenement buildings plus some vacant land. He said the price is HK$2.3 million!"

Lin Zhichao immediately calculated that a small building could be built with a floor area of ​​150,000 to 180,000 square feet. Even if it was 150,000 square feet, the selling price would be HK$5 million, and the profit would be at least HK$1.5 million.

In the Sham Shui Po area, houses can be built close to each other, but the regulations are strictly followed on the side of the road.

Afterwards, Lin Zhichao said straightforwardly: "Since this is the case, those who see it have a share! Lao Yu and Li Sheng went to ask the owner if they could pay the land fee in installments. If so, for example, the down payment is only 10%, that is, only 230,000 yuan is required. For the down payment, Lao Yu will take 30% of the shares, Li Sheng will also take 30% of the shares, and I will take 40% to be responsible for the development. If you can’t, Lao Yu, you can find a way to raise 180,000 Hong Kong dollars, plus 50,000 intermediary fees, and of course 10% of the shares , you can also collect 20% of the land fee, as long as it can be used. This project should conservatively earn 1.5 million Hong Kong dollars."

Yu Chengwan heard it very enthusiastically. He also recently understood the principle of the "sale of flats". As long as you get the land, you don't need to invest a penny, and you can use the buyer's money to build the building.

But now, as long as he persuades his friends to accept the land installment payment, he can only pay 70,000 Hong Kong dollars, and get 30% of the project's profit; if it is this kind of cooperation, he can't take the agency fee, because there may be a second installment in the future When the payment is due and the off-the-plan property sales have not yet started, Lin Zhichao and Li Gaofu will advance the payment for him.

"Thank you, Lin Sheng!" Yu Chengwan almost shed tears.

Following these big guys, his wealth is increasing day by day. If this project can make him earn 450,000, it will be almost as much as his own wealth.

Lin Zhichao smiled and said: "Thank you for what I did! I usually don't cooperate with others on real estate projects, but there is also a situation where the land is not mine, so I can cooperate. The reason for this is that I am afraid of quarrels between friends. , we don’t have to be friends in the future. Since you introduced the land this time, it’s an accident, so we might as well cooperate together.”

Yu Chengwan said quickly: "It should be, you are the one who made me rich!"

This project is actually very easy to develop. With Lin Zhichao's guarantee, the owners will basically agree to pay in installments; and installment payment for land is normal, even if you get official land, you can pay in installments.

If the down payment is 10%, which is 230,000 Hong Kong dollars, then the time will be faster and the property can be sold in two months. So with 230,000 Hong Kong dollars, you can leverage this project, which is very impressive.

In the evening of the same day, Yu Chengwan returned to the place where his second aunt Wu Bing lived. In the past six months or so, he had often visited his second aunt's house because he felt that Wu Bing had given him good luck. If it hadn't been for Wu Bing's words, he might still miss that farm, and he might not even be alive, let alone get rich.

"What makes you so happy?" Wu Bing took the clothes and asked curiously.

Yu Chengwan said: "Of course it's a good thing. Let's talk about it later during dinner!"

Wu Bing immediately ordered the servants to serve the dishes, and the whole family was ready to have dinner.

During the dinner, Yu Chengwan revealed the matter.

After hearing this, Wu Bing was stunned, then fell into ecstasy, and then said coquettishly: "Master, this business must be handled by our second-fang company, and we can't tell the first-fang."

If he tells the big house, he will intervene immediately, and she won't even look at it then.

Yu Chengwan said: "Okay, okay, I'll listen to you!"

He thought to himself that the money was in his name anyway, so it didn't matter whether he told her or not. As for whether he would return to his second wife, he was just coaxing the woman. He is not dead yet, so how can he belong to whom?

However, his second wife was his lucky star, so he just followed her words.

a week later.

The Fu Wah Street project in Sham Shui Po has completed the land sale and purchase contract, with a down payment of 10%, which is HK$230,000, and then monthly payments of HK$250,000, with the remaining nine months to be paid.

Equivalently, the owner can get 180,000 yuan in interest, and the annual interest rate is almost 11%, which is more than depositing in a bank. And with Changjiang Real Estate as a guarantee, the owners have nothing to worry about.

"Lin Sheng, Li Sheng, why don't you come to my place to get together in the evening, and I'll ask Wu Bing to cook a table for you!" Yu Chengwan said gratefully.

He cannot be grateful. There is no problem if he pays 70,000 Hong Kong dollars down payment for the first installment. But if he has to pay for the second and third installments, he will basically have to work hard to raise funds. At that time, the big house will definitely be alarmed, or he will have to pay for it. Sold the five remaining homes in Champaign Towers.

But it was obvious that Lin Zhichao directly advanced the subsequent funds for him, obviously knowing that Yu Chengwan was not very wealthy either.

Before meeting Lin Zhichao, Yu Chengwan only had a fortune of more than 300,000 yuan, and much of the property was just for business value.

But then again, it's much better than those people who are just sitting on their hands. There are even generals who join the society. There are too many generals in this era.

"Although the food cooked by my sister-in-law is delicious, nowhere can the food taste as good as home! Haha, it's more important to spend time with your family at night." Lin Zhichao refused with a smile.

Li Gaofu said with a smile: "Lao Yu, you are grateful to Lin Sheng, and he knows it! But if you want to invite him to dinner, I'm afraid you made the wrong decision. He is taking care of the family, and it is rare for me to have a dinner date with him! "

Yu Chengwan immediately smiled apologetically and said, "Yes, I have heard that Lin Sheng is very lucky. He has two lovely wives at home, both are young ladies from the Tang family, a prominent family in the south of the Yangtze River. It seems that it is normal for Lin Sheng to miss his family."

Lin Zhichao patted Yu Chengwan on the shoulder and said intimately: "I often go abroad throughout the year, and I feel indebted to my family, so I spend as much time with me as I can in the evenings. I recently built a yacht club in Tiebo Island, and Lao Yu will come to buy it later. As a member, we will play in this club from now on."

Yu Chengwan nodded quickly. Needless to say, this kind of club is a circle of rich people. Membership cannot be bought even if you have money.

Lin Zhichao bought an area of ​​Tiebo Island from the Hong Kong government last year, and then started reclamation (filling in a little area), building a dock and other projects. This year has already begun. The clubhouse building will take more than a year to complete, but the pier will be built soon, so yachts will be available to play in April or May this year.

Lin Zhichao purchased six yachts from the United States in one go, with each yacht costing 20,000 to 30,000 U.S. dollars. They are exclusive to members of the Deep Water Bay Yacht Club; of course, two of them are Lin Zhichao’s personal property and are not for external use. (End of chapter)