Chapter 655: The Collapse Is Coming
The property market collapsed faster than Li Guangyu imagined, and in less than two months, the average price of the property market in Xiangjiang plummeted by a third, and the main force that caused the price collapse was the middle class in Xiangjiang.
These people have a certain amount of savings and have good abilities, and they are not worried about not being able to find a good job in other areas, so after the September incident, they can't wait to leave Xiangjiang and go to what they think is safer.
These people have started to sell their houses in their hands, and in the past few years in the era of housing speculation in Xiangjiang, these middle-class people have more than one set of real estate in their hands, they also regard the purchase of houses as an investment, and some families have two or even three houses.
At this time, in order to sell the house in their hands as soon as possible, they sold it at a much lower price than the market price.
When they see that they can't make a sale, they even sell it at the price they bought it, as long as they guarantee that they don't lose money.
Housing prices in Xiangjiang have more than tripled in just a few years from 78 to the present, and those who buy earlier may be half of the peak at that time, or even lower than that. Even if they cut the price by one-third now, many people still make money.
At this time, the most difficult are those speculators who bought houses at their peak, and developers who bought land at a high price.
In order to be able to buy more properties, many property speculators are faced with high housing prices, and they often take out bank loans to speculate on houses, and through continuous mortgage loans, they have more and more properties in their hands.
The continuous rise in property prices in Xiangjiang in recent years has given them great confidence that even if they take out a bank loan, the rapid rise in housing prices can also allow them to make huge profits.
But in less than two months, these high-level speculators feel that the sky has fallen, and the property market price has fallen by one-third, so that they have no extra funds to fill the hole in this area of the bank, and the properties they mortgaged are also facing being repossessed by the bank.
Not only did the houses they speculate in, but even their own houses and cars were built, and at this time they regretted infinitely in their hearts, but unfortunately it was already useless.
Real estate companies that take land at a high level are even more miserable, especially some small companies, most of them are supported by bank loans, at this time housing prices suddenly plummeted by one-third, their company funds will face huge dangers, and some companies will be insolvent.
This time, whether it is Chen Zengxi or Luo Yingshi, they are facing severe challenges, as long as they themselves know what kind of predicament their own group is facing, a improper operation, the family business they have built up for so many years will decline.
At present, the Xiangjiang Monetary Authority has supervised the major banks in Xiangjiang, and it is not easy for Hang Lung Group to find a way to find a way from Hang Lung Bank.
In Chan Tseng-hei's study, Ronnie Chan saw his father's tired expression and knew the great difficulties his family was currently facing.
He said: "Daddy, the current property market crash can no longer be stopped, and it is impossible for us to try to maintain housing prices. ”
Chen Zengxi naturally understood the current situation, but he just asked him to sell the property at a low price, and he was full of reluctance.
He knew that the housing prices in Xiangjiang would definitely rise in the future, and the Li consortium was sharpening their knives and waiting for the property market to hit the bottom, so they could enter the bottom.
However, at present, if Hang Lung Group does not dispose of the properties in its hands at a low price in order to recover the funds, I am afraid that when the property market rebounds again, Hang Lung Group will be finished first.
Chan Tseng-hee said: "I will visit Cheng Yu-tung later, hoping that they will be able to take over the property development project on the Heung Kong subway station, so that we can avoid more losses." ”
Ronnie Chan doesn't have much hope for his father's trip than you, the Lee consortium and its interest group real estate group have raised a lot of money, just waiting for the property market to collapse to the bottom, and that is when they will make a move.
Now such a price is obviously not what they expected, haven't you seen that several major real estate groups have not made the slightest move.
At this time, Heung Kong China Investment Company will never come to take over this project, even if Zheng Yutong New World Development Company has a stake in it.
Although Zheng Yutong is in charge of the Heung Kong China Investment Company, when it comes to large-scale investments, it still needs to be discussed internally, and Li Guangyu's opinion is the most important.
The relationship between their Chen family and Li Guangyu is not good or bad, and it is somewhat unlikely that the Li consortium will risk its own losses to pull its group out of the quagmire at this time.
He believed that his father should know the situation in his heart, but he was still unwilling, even if there was a slight opportunity, he was not willing to give up.
Li Guangyu is in a very good mood now, after discussing with Zhou Liang Shuyi, Li Guangyu went home by himself, and did not work in the company in the afternoon, and Gan Qin also had a half-day holiday.
Since she was in Pengcheng on Saturday and Sunday, Ganqin didn't take a vacation last week, and today she just had a half-day off, and Li Guangyu also went home to accompany a few little guys.
Cao Weiqing has been working much harder than before for more than a month, after all, she has to take care of the dragon and phoenix fetuses now, and she also needs to take care of Li Songtao, even with the help of He Ma and the maid, she still feels very tired.
Seeing Li Guangyu returning from the company early today to accompany himself and the baby, Cao Weiqing was very happy.
After having a sister and younger brother, Li Songtao felt that Mommy didn't hurt him as much as before, and at this time Li Guangyu was able to come back to play with him, Li Songtao was very happy.
After seeing Li Guangyu, he immediately ran to Li Guangyu, shouting: "Daddy, Daddy." ”
Li Guangyu squatted down and stretched out his two hands, and Li Songtao immediately bumped in, wrapping his hands around Li Guangyu's neck.
Li Guangyu picked up Li Songtao and asked, "Did you listen to Mommy at home?"
"Obedient, I'm obedient, it's just that Mommy takes care of my sister and brother. ”
"My sister and brother are still young, so Mommy naturally has to take care of them more, and you can also help Mommy take care of my sister and brother. ”
Li Songtao listened to Li Guangyu's words, and felt even more aggrieved, Mommy didn't take care of herself like before, and Daddy had to take care of his sister and younger brother by himself. They love to cry, and they just go to sleep, so they don't play with them.
Li Songtao said: "Daddy, I gave them toys, but they can't hold them, how can I take care of them." They are not well-behaved at all, they love to cry, and they are not obedient to me at all. ”
Li Guangyu also knows that now Cao Weiqing has to take care of three children, plus the twins are only more than a month old, and Li Songtao is now more than two years old, so he doesn't take care of him as much as he did when Li Songtao was alone before.
There was a contrast in this, and Li Songtao was a little unhappy in his heart.
Li Guangyu hugged Li Songtao and told him about Cao Weiqing's hard work, and now because of his sister and younger brother, Cao Weiqing can't take care of him alone.
Li Songtao listened to Daddy's talk for so long, and let go of the unhappiness in his heart, and said to Li Guangyu: "Daddy, Mommy is so hard, I will also help Mommy watch my sister and brother in the future, and after they send a little, I will take them to play games and give them toys, I have a lot of toys in the room, they will definitely like it." ”
Li Guangyu said with a smile: "Song Tao is really good, you have to remember that you have to take care of your sister and younger brother at all times, you are their elder brother, this is your responsibility." ”
Li Songtao didn't understand what Li Guangyu said about responsibility at this time, and he didn't understand what responsibility was.
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