The birth of the Hong Kong Island family

In mid-September, Cheung Kong Industries.

Huang Changhonghui reported: “Boss, for the North Point land that Grand United Real Estate purchased from us, HSBC’s compensation plan is: 20% of the deposit will be confiscated, the land will be ours, and we will be compensated with 20% of the land price as liquidated damages. "

Lin Zhichao said with a smile: "It's a bit small! If you enter the Bing court, 30% of the land fee will be used as liquidated damages, there should be no problem."

Hearing this compensation plan, Lin Zhichao remembered one thing. In his previous life, Chen Qingsong jointly acquired the old wing of Miramar (88,000 square feet) at a cost of HK$2.8 billion. As a result, there were Sino-British negotiations, Chen Qingsong went bankrupt, and the Miramar Hotel collapsed. Take Hongkong Land to court; as a result, Miramar Hotel not only confiscated more than 900 million deposits, but also asked Hongkong Land to pay more than 300 million yuan in compensation.

Generally speaking, the scale of this kind of compensation is: the decrease in the land price is borne by the buyer, which is offset by the deposit plus compensation.

Now the land in North Point has dropped by 50%, so Lin Zhichao said that the compensation is a bit low.

Huang Changhong said seriously: "After all, HSBC considers its customers, so it uses its interpersonal relationships as much as possible to reduce customers' losses. Other properties of Grand United Real Estate are also being prepared for auction; If part of it is sold, HSBC will lend money to Grand United and let them continue construction."

They are all very reasonable solutions!

Lin Zhichao said: "Then agree! Entering the Bing Court is also very troublesome and will take a long time."

Huang Changhong nodded and said, "Okay!"

Then, Lin Zhichao added: "When there is a land auction, we will join in the fun. If the price is reasonable, we will buy it for reserve land."

Huang Changhong smiled and said: "No problem, I will pay attention!"

He has been with the boss for so long and still understands the real estate market. This plunge is due to the imbalance between supply and demand and the Hong Kong government's sudden restrictions on the sale of uncompleted properties; however, after a few years of silence, the market will pick up again.

After that, Huang Changhong added: "Boss, the Man Yee Building in Central opened in early October. It was the first commercial building in Hong Kong to install escalators. On the opening day, many people went to "try out" and take the escalator because there were so many people. , The scene also caused chaos for a while.”

Lin Zhichao heard this and said with a smile: "This is a good thing, it shows that Hong Kong people accept new things very quickly. The four-story shopping mall (including the basement) of our Crocodile T-shirt Building also uses escalators. Our Miramar Shopping Center , is even more innovative.”

The owner of the Man Yee Building in Central is owned by a large family in Hong Kong. This family is called the "Lao Miannong family". Lao Miannong's father is a famous old Chinese medicine practitioner in Hong Kong, "Lao Zikai". In the 1920s, his family's mansion was the Laochang Hall with an area of ​​3,000 square meters. There were as many as forty workers serving the young master and young lady in the mansion. Lao Miannong was the eldest son of the old Chinese medicine doctor Lao Zikai.

The real success of this family was due to Lao Miannon's agency for British American Tobacco in Hong Kong. It turned out that during World War II, Hong Kong fell, and Lao Miannong's white colleagues of British American Tobacco were imprisoned in Japanese concentration camps. Therefore, Lao Miannong used tobacco to bribe the Japanese army, so that his colleagues would suffer less physical pain and have a slightly easier life.

After the end of World War II, in order to repay Lao Miannong, these foreigners from British American Tobacco gave him the exclusive agency rights of British American Tobacco in Hong Kong. The Hong Kong government first levied personal income tax on Hong Kong citizens at the time in 1948. Lao Miannon paid more than 800,000 Hong Kong dollars in taxes in 1948, which means that Lao Miannon's personal income in 1948 exceeded 8 million Hong Kong dollars.

With these profits, the Lao Miannon family later owned a total of 5 buildings in Central, worth more than 30 billion Hong Kong dollars, with an annual rent of 3 billion.

There are so many families in Hong Kong who have been wealthy for more than a hundred years!

Huang Changhong added: "Boss, which distinguished guests will be invited to the Miramar Hotel's groundbreaking ceremony next month?"

Lin Zhichao said: "This project is of great significance to Hong Kong. I will seriously consider which guests to invite. I will give you the list later. What is certain is that Hong Kong Governor Ge Lianghong will participate as our heavyweight guest."

Sure enough, Huang Changhong knew that his boss had a good relationship with the Hong Kong government.

"Okay, I'll definitely arrange something more grand!"

"Um"

After Huang Changhong left, Lin Zhichao thought about it.

Taking advantage of this real estate decline, Cheung Kong Holdings will slowly absorb some sites and land, but Lin Zhichao will pay attention to "eating like"; he will not top the market price or compete maliciously, but will buy suitable land when he has the opportunity.

Doing this is of course to give other real estate developers "opportunities", otherwise the "big and unrivaled" will be confirmed by Cheung Kong Holdings. Moreover, before 1965, it was not necessary to have too much reserve land. About 1.5 million square feet of residential land was enough.

In short, Lin Zhichao has been conserving his own strength.

A week later, Lin Zhichao and Hu Zhaoxu came to the auction house to participate in a private land auction.

Needless to say, the so-called private auction is actually a real estate developer who is on the verge of liquidation and can only take out land and land for auction.

"Lin Sheng, which one do you think owns the land and land today?" Liao Baoshan came up to say hello.

"Liao Sheng, the answer will be revealed later as soon as the auctioneer sells the lot. Don't rush it. But Liao Sheng, there are still many warehouses in your Western District that have not been developed. Why are you thinking about taking land from outside?" Lin Zhichao joked.

He is not worried about many competitors. After all, he has formulated a five-year land acquisition plan and does not care about the gains and losses of one city or one pool.

Liao Baoshan heard Lin Zhichao's teasing, and understood that Lin Zhichao didn't come to Xihuan to develop because of his affection; you know, he regards Xihuan as his base camp, and the rest of the real estate developers don't take it seriously. I am worried that Lin Zhichao will compete with me for territory; only Lin Zhichao has that strength.

He is backed by Liao Chong Hing Bank, backed by 60 to 70 million Hong Kong dollars in deposits, so he is also very proud; and in this wave of real estate opportunities, he also made a huge profit of 40 million Hong Kong dollars.

Although the real estate market is plummeting now, Liao Baoshan is not worried. He has covered the real estate and will sell it when the market improves. Anyway, he has funds to back it up.

"Lin Sheng was joking, I want to buy those warehouses, but others think the price is too low, so I can only see if the market is better, and see if there is any opportunity. But now is a ready-made opportunity. If you win a good real estate, Cover it up, and you will definitely make some money in the future!"

Lin Zhichao said: "Heroes think alike, and I think so too!"

While the two were talking, Blimp Tai also joined them.

Seeing this, Liao Baoshan suggested: "How about we three cake eaters?"

Lin Zhichao was stunned, thinking that it was a bit unhuman to still eat cakes when others were so miserable. With Lin Zhichao's current status, he doesn't like to do things to perfection.

Airship Tai was the first to say: "Liao Sheng, let's forget it! The land in the market is cheap now, and there are plenty of opportunities to absorb it."

Lin Zhichao also said: "It's really not necessary, the land price is cheap now. Don't worry, Liao Sheng, I won't fight too hard."

Liao Baoshan could only say: "Okay! At the beginning I didn't want to be a cake boy, but they forced me to enter the industry. Now I let them go, and I will fight for justice."

Halo, you are not letting them go, but no one is willing to participate.

In a few years, it's time for you bro to worry about other people eating cakes,

Not far away, Li Kangjie and He Xian looked a little unhappy. They saw people from the auction house gathering together in twos and threes; this was nothing at all, after all, the auction had not started yet, and everyone greeted each other according to the usual practice.

But today, the auction is for four pieces of land owned by Dalian Real Estate. They are very worried that someone will eat their cakes.

Originally, with the help of HSBC, they calculated that they might still earn six to seven million in the end, which is the result of the past two years; it is equivalent to spit out a profit of nearly 30 million, which is quite distressing.

But if someone eats cakes today, it may lose another one to two million profits.

Despite these concerns, Li Kangjie and He Xian could not reveal that they were the owners. Otherwise, everyone would go on strike and the auction would not be held, and the price might be even lower by then.

When the auction was about to start, Li Gaofu was also late, so he chose to sit next to Lin Zhichao.

"It's probably Li Kangjie's territory!" Li Gaofu said in a low voice.

"I'll find out later, what's your plan?" Lin Zhichao responded.

Given his relationship with Li Gaofu, it was naturally not about the auction. After all, it was impossible for Li Gaofu to grab the territory with Lin Zhichao.

So Li Gaofu understood instantly and said: "I'm not very strong, and I only have three real estate projects in my hand. I can probably buy two or three of them at the bottom. But I have enough time, so I'll take my time."

Lin Zhichao nodded. Li Gaofu also bought three real estate projects from the end of last year to this year, so to cover these three real estate projects, it would be tens of millions of Hong Kong dollars in frozen funds; plus the cost of building a commercial building would cost tens of millions. (22 floors high, with a floor area of ​​250,000 square feet), so his financial strength is not strong.

Then the auction started, and it was indeed all the land in North Point, so everyone knew that it might be Li Kangjie's Dalian Real Estate that was auctioning the assets.

Fortunately, with Lin Zhichao and Airship Tai here, everyone has no chance to eat the cake.

In the end, the transaction prices of the four land parcels were pretty good, ranging from 90 to 100 Hong Kong dollars per square foot, equivalent to nearly 60% of the peak price.

After the auction, He Xian brought Li Kangjie to Lin Zhichao and said, "Lin Sheng, thank you for listening to your advice!"

Li Kangjie also smiled bitterly and said: "Lin Sheng, you are really good at it. You have a precise grasp of the timing and context of real estate."

Convinced!

Not awesome anymore!

Lin Zhichao was a little funny. After this incident, the shareholders of Dalian would never trust Li Kangjie again; and Li Kangjie's small amount of funds would not be able to make waves in real estate in the future, and even bankers would label him as a "reckless" target.

Therefore, he is considered a discount!

As for the other Chen Detai, although he is also on the verge of bankruptcy, it should not be as serious as that of United Real Estate. Secondly, Chen Detai is a sole proprietor. Even if he loses a lot this time, he is still a multi-millionaire. He will definitely be able to make a difference in real estate in the future and become a real estate developer. A real estate developer with the same reputation as the five tigers.

"Thank you! I also have a lot of properties that I haven't sold, so I can only keep them in my hands to see if I can get my money back in the future."

Hearing Lin Zhichao's words, Li Kangjie and others didn't believe it. After all, if this was true, Lin Zhichao would not win the biggest and best of the four sites today.

Lin Zhichao didn't say much about the defeated general. He chatted with He Xian for a few words and then turned and left.

Li Kangjie didn't even say a word of thanks. It was obvious that his achievements were limited.

Da United Real Estate was able to recover the greatest loss, and Lin Zhichao's guidance also played a big role.

On the other side, Chen Detai was also instructed by Airship Tai to seek help from HSBC.

In this crisis situation, it is definitely a miracle that HSBC can save Li Kangjie and Chen Detai.

If it were anyone else, not to mention whether they have the ability to save, just whether they are willing or not is a question!

HSBC also advances funds first, pays off the final payment for some properties, and then chooses to auction them at auction. The funds from the auction will repay the bank's advance. At the same time, HSBC also provides some good properties and partially sold properties. The bank arranges loans, prevents work from being stopped, and then sells the goods.

In short, only HSBC can reduce the biggest loss.

In the evening, Lin Zhichao's father-in-law and mother-in-law came to the Lin family for dinner. Both his wife and brother-in-law were studying abroad. The couple simply lived in the Tsuen Wan factory and only went back to live in a bungalow in the Mid-levels on weekends.

During the dinner, Lin Zhichao asked with concern: "Father-in-law, how is the factory situation this year?"

Tang Zhongyuan immediately said with great interest: "This year's development is relatively good. Many European and American garment merchants come to Hong Kong to place orders. The business of Dongfang Garment Factory is growing rapidly. This year, our garment factory has employed 3,000 people, making it the largest garment factory in Hong Kong. The factory is almost twice as big as the second place.”

The South African garment market is almost monopolized by Eastern garment factories.

The foundation was laid back then, and today's Dongfang Garment Factory is here.

Of course, opportunities come one by one. If you grasp them less, your achievements will definitely be lower. Therefore, Tang Zhongyuan is still very powerful in the garment industry.

Lin Zhichao raised his glass and the two drank a toast. Weng's son-in-law was both a close relative and a business partner.

"The prices for European and American orders are very low, right?"

Tang Zhongyuan nodded and said, "Yes! Don't worry about the low price. Anyway, Hong Kong's advantage is cheap labor. This year, tens of thousands of cheap labor have been brought in from the mainland. Moreover, because Europe and the United States sanctioned Japanese textiles and garments, it is cheaper for us in Hong Kong, so the price Low cost is the biggest advantage in attracting European and American manufacturers. However, the added value of the garment industry is still higher than that of the textile industry. This year, the profit of Dongfang Garment Factory may exceed 8 million Hong Kong dollars!"

The profit of a piece of ready-made clothing may only be 2 to 5 Hong Kong dollars, which is indeed pitifully low. European and American clothing manufacturers are not stupid. Seeing that there are so many garment factories in Hong Kong, it is strange that they desperately lower prices.

Dongfang Garment Factory always placed cheap orders, including OEM 'doll clothes' for Changjiang Toy Factory.

To put it bluntly, Dongfang Garment Factory was given to him by his son-in-law; Dongfang Group has developed to the present, and its ready-made garments are the well-deserved hegemony in Hong Kong, but the textile has dropped to 4~5, and there are orders from the Yangtze River Zipper Factory.

Of course, not all the fabrics produced by Yangtze Zipper Factory are purchased from Dongfang Textile Factory, but are sourced based on their advantages such as quality and price. After all, Tang Zhongyuan no longer needs Lin Zhichao to take care of him.

"The textile group with a comprehensive strength that can make a profit of 10 million Hong Kong dollars must be my father-in-law!" Lin Zhichao flattered him.

Although the Oriental Group should have earned about three million from the Yangtze River Industrial Group, even so, the profit was extremely exaggerated.

In the textile and garment industry, the added value is actually very low. In the 1960s, a profit of 10 million yuan a year was the standard for large enterprises, not to mention, it is only 1957 now.

Tang Zhongyuan took advantage of this opportunity and said, "Zhichao, can you give me some advice on the real estate industry?"

Lin Zhichao was a little surprised. You must know that Tang Zhongyuan only focused on the textile and garment industry!

"Father-in-law wants to get into real estate?"

Tang Zhongyuan immediately said: "Not entirely, after all, real estate is done by you people from Guangdong Province!"

Lin Zhichao smiled and said: "You are my father-in-law. With my support, who would target you!"

Attitude is very important, it is related to the harmony of the family.

Tang Zhongyuan was very comfortable. He had really found this son-in-law, and his two daughters were well married.

But he still insisted: "I don't want to enter the real estate industry. I see that Hong Kong's industry is getting more and more developed, and I think that if the 'tiered rental' is applied to this, there will be good and stable income. It just so happens that I Inspired by your eight-story industrial building of Yangtze River Industry, now that the real estate market is at a slump, I want to try investing in an industrial building and then renting it out in layers!"

Unexpectedly, Tang Zhongyuan still had such foresight. Isn't this the idea of ​​Li Jiacheng's previous life, to invest in two industrial buildings to collect rent first, and then buy the bottom six or seven years later.

"Father-in-law's idea is very good! In fact, I also plan to invest in industrial buildings. Generally, it can be built with a height of 12 floors, and then divided into factories of different areas for rent, with stable income. In this way, you can pay attention to the market, acquire land, and then let My construction company designs and builds for you."

Tang Zhongyuan nodded happily, and said: "Okay!" Then he said excitedly: "Actually, although you are my son-in-law, communicating with you allows me to learn some investment ideas from you. For example, investing in industrial plants this time, It was also inspired by your 'investment philosophy - don't put eggs in one basket', and you like to invest in real estate, so I think I should also diversify my investment."

At this time, Song Qiaoling said with a smile: "Why, you still want to bring out the fact that Zhichao is your son-in-law. Do you feel a little embarrassed to learn from Zhichao's business? You know, there is no one who follows Zhichao who does not make a fortune."

Tang Zhongyuan smiled helplessly! This wife just likes this son-in-law very much, even more than her own son. She has no choice but to ask Lin Zhichao to marry two daughters, Tang Caiyun and Xu Caiying!

One son-in-law is worth half a son, but two sons-in-law are worth one son!

Lin Zhichao immediately relieved Tang Zhongyuan and said: "My father-in-law took the initiative to invest in the industrial building this time. It is indeed very impressive. There are many large textile and garment companies in Hong Kong, and the only one I can think of is my father-in-law. Of course, my father-in-law can take the initiative step by step and come up with idle funds." , come and invest in industrial buildings.”

Tang Zhongyuan said: "This is natural. Invest in an industrial building first, and then invest in the second industrial building if you have funds."

Lin Zhichao nodded. Needless to say, Tang Zhongyuan is also an industrialist and knows where to invest in industrial buildings.

That night, after getting Lin Zhichao's approval, Tang Zhongyuan got very drunk, and Lin Zhichao arranged for the two of them to stay overnight.

In Lin Zhichao's mind, even if Tang Zhongyuan had not mentioned investing in real estate, by the mid-1960s, he would have been persuaded to invest in real estate.

It wouldn't hurt to be a little early now. (End of chapter)