Since the 24th of last month, the Xiangjiang property market has continued to have houses and storefronts listed, and the rental and sale of office floors have also been increasing, and prices have begun to decline.

In just over 20 days, the number of new listings in Xiangjiang has exceeded tens of thousands of second-hand houses, and there has been no statistics on the newly opened ones.

During this time, there were very few buyers, which made Xiangjiang's homeowners who were going to sell even more anxious, so they had to lower the price in their hearts again and again.

After the property market entered the cold winter, not only these property speculators and the middle class who were eager to immigrate were anxious to sell their properties, but the small real estate companies in Xiangjiang also began to be unable to bear it at this time.

These small companies themselves do not have much capital, the strength of anti-risk is very weak, in the project development of real estate funds are a lot of loans, housing prices fall, so that the property they mortgage to the bank is not enough to borrow so much money, they need to make up for the gap.

On the property market, they are facing the coldest winter in several years, and they are temporarily unable to withdraw funds, which makes them full of pessimism about the future.

In order to be able to withdraw funds for self-protection, these small real estate companies have joined the army of price reductions, and the price of the property market in Xiangjiang has dropped by a quarter compared with the peak in some areas.

At such a grim moment for the Xiangjiang property market, on the morning of the 17th, Li Guangyu attended the meeting of the Xiangjiang Real Estate Business Association.

When Li Guangyu entered the conference room, he saw that many of the members inside were frowning, obviously sad about Xiangjiang's recent situation.

After greeting some elders, Lee Guangyu came to sit next to Lee Shau-kee.

The most relaxed mentality here is Lee Guangyu, Stanley Ho, Lee Shau Kee, Li Ka-shing and Kwok Tak-sheng, several of them are developing real estate in Japan, and there have been no major projects in Xiangjiang for more than a year.

Zheng Yutong got on the bus later, and he was also developing properties on the Xiangjiang subway station with Chen Zengxi, Zhao Shizeng and others, and the pressure was very great this time.

At the meeting, President Fok Ying-tung made a brief introduction to the current situation of the Hong Kong real estate market, and asked the present for their views and suggestions.

Huo Yingdong himself is not in a hurry at all, he is not engaged in the development of the real estate industry, and the pressure on him in this regard is not very great at present.

Li Guangyu and Lee Shau Kee and others are currently hanging high on their own business, and they will not express any opinions at this time, they still think that the property market will continue to fall, and then they will enter the market to buy the bottom.

At present, the most anxious is Chen Zengxi of Hang Lung Group, but they have put the group's funds on the property development on the Xiangjiang subway station, and a lot of funds are from their own Hang Lung Bank, once the property market continues to decline, Hang Lung Bank is likely to be implicated here, suffered from the run of the public, and then their family losses will be great.

Chen Zengxi saw that Li Guangyu did not speak, he said: "Xiangjiang is currently in a recession due to some political factors, I believe that this problem can be solved soon, at this time we need to maintain the stability of the property market prices, to avoid a crash, as long as the dust settles down on this incident, the property market will pick up." ”

Chan Tseng-hei's views have been supported by many members, who all hope that the members of the association will work together to maintain prices and prevent the property market from falling rapidly, so as to protect their interests.

As long as the property market does not fall, they do not need to make up funds with the bank or take more properties to mortgage, so they will be much less stressed.

They can only bet that this incident will pass sooner, otherwise the consequences of the property market crash. Many of them here can't afford it.

Li Guangyu doesn't care about such an issue, anyway, they don't have any properties to sell at present, and at this time, these people still want to unite with the power of the association to maintain the property market price, which is basically difficult to achieve.

Now the real estate speculation group and the people who are going to leave are constantly selling real estate, and the real estate business association can't limit them, and these members who maintain the price are only afraid that all the properties will be smashed in their own hands.

Vice President Stanley Ho said: "Zeng Xi, I'm afraid that this thing is difficult to achieve, the current situation in Xiangjiang is not clear to you, how can our association stabilize the price of the property market, really want to do this, when the time comes, I am afraid that the members of the association will be dragged to death in the end, the property market price is not our association members are falling, but many speculators and small and medium-sized real estate companies are falling, we do not follow up as soon as possible to return the funds, but want to maintain the price of the property market, I am afraid that in the end it is just for others to make a wedding dress." ”

Of course, Chen Zengxi himself knows the current situation, but he doesn't want the property market prices to collapse so quickly, and he needs a buffer time to prepare.

Due to his aggressiveness in the past few years, many of the development funds of Hang Lung Group are borrowed from Hang Lung Bank, once the property market declines rapidly, then Hang Lung Bank is likely to 946241 thunderstorm, especially because the Hong Kong Monetary Authority has strengthened the supervision of financial investment institutions and banks.

Chen Zengxi is very clear, Stanley Ho and Li Guangyu and others all hope that the property market will fall as soon as possible, and it would be better if some groups crashed or even went bankrupt. In this way, there will be a cascade effect on the stock market, and the stock market will continue to fall, so that they can make more profits.

Don't look at everyone in the same association, everyone has no same ideas, and it is simply impossible for Lee Guangyu and Stanley Ho and others to harm their own interests to maintain the stability of property market prices.

Just like last month, a press conference was held in the morning to be optimistic about the future of Hong Kong, and additional investment in Hong Kong will be made. In the afternoon, the stock market suppressed the market that had just rebounded.

I am afraid that at this time, the Li consortium and its interest groups are expecting the collapse of some real estate groups in Xiangjiang as soon as possible, so that they can not only make a lot of money in the stock market, but also have one less competitor in the real estate industry in Xiangjiang in the future.

Chen Zengxi said: "At this time, if we groups are not ready to maintain the price of the Xiangjiang property market and join the army of price reductions, I am afraid that the collapse of the Xiangjiang property market will be instantaneous." You must know that the majority of the housing is still us, and once these flow into the market, it will only exacerbate the panic in the market. At that time, the real estate speculation group and small and medium-sized real estate developers will even sell at a loss, which will be a disaster for everyone. ”

Fok Yingdong knows Chen Zengxi's thoughts, this is to hope that the Xiangjiang property market will maintain a sideways situation and not let the property market price fall, as long as the association agrees with this point of view, the Xiangjiang property market can still hold on to their ability.

It's a pity that Chen Zengxi miscalculated this time, how could the Li consortium and its interest groups make the property market go sideways, they all hope that the property market will fall into a trough, and they will enter the market to buy the bottom.

Huo Yingdong himself does not agree with this approach, isn't there a number of current housing prices in Xiangjiang, how much has it risen in just this year, but now he wants to maintain his profits sideways, and it will take decades for the citizens of Xiangjiang to be able to afford a suite, which is just a shameless behavior, and he will not support it.

Chen Zengxi also failed to do so at the end of the meeting, and his proposal was ultimately not approved by the association.

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