The area of Xiangjiang is very small, so if they summarize something, they usually collect information very quickly, so as to form statistics.

This was the case with previous TV ratings, the same with the box office of movies, and the same with how responsive the market was.

If there is something good, it can spread throughout Xiangjiang in one day.

On the contrary, if there is any negative news, it can be known to the whole Xiangjiang in one day.

In his previous life, when PCCW was in trouble, Li Chaoren called his son over and had a lunch with him, and in the afternoon, PCCW's stock rose sharply.

It's impossible to move somewhere else.

The reaction of the market is generally to go through the process of occurrence, fermentation, transformation, etc., and it is possible in three to five days or even longer.

Even now, in January 1983, some statistical work on the economic situation of the previous year quickly appeared in the newspapers.

Right.

Or "Kirin Daily".

Don't look at the "Kirin Daily" is a free newspaper, but many of its pages are very well done, which is better than many professional newspapers.

Not only its entertainment version, but also the economic and financial version that connects it is equally excellent.

Of course, such excellence was not obtained out of thin air, but the "Kirin Daily" spent a lot of money to organize personnel and hire elites from all walks of life.

Many professors at the University of Hong Kong, including some senior executives of consulting firms, write articles for Kirin Daily, writing high-quality articles that are not available everywhere, so that they will read well and make people feel the power of thinking and knowledge.

It's not like those entertainment news, you take a look, have fun, gossip for a while, and it's over.

Generally speaking, the economy of Hong Kong in 1982 showed a cliff-like decline.

Take the stock market as an example, in the first half of the year, the stock market was still up and down, with fluctuations, but it is not an exaggeration.

But when the gold coupon incident of Xie Liyuan Gold Shop broke out, it triggered a run on banks such as Hang Lung Bank, triggered a thorough investigation of financial loan companies, and a series of financial shocks were directly manifested in the stock market.

In that month, the stock market plunged more than 8 percent.

I thought this was already more serious.

Unexpectedly, at the end of September, the Iron Lady fell so shockingly in Huajing, and all the worries and pessimism of Xiangjiang's stock market broke out and plummeted all the way.

By the end of December, the Xiangjiang stock market index had plummeted from more than 1,000 points to more than 600 points, a total decline of more than 35%, and its market value had evaporated by more than 100 billion yuan, setting a record in history.

I don't know how many small and medium-sized companies have collapsed because of this, and I don't know how many large companies have to keep surviving and sell their good assets to seek to protect themselves.

Do you think the stock market is the worst?

Wrong!

The property market is worse than it!

And it's even more miserable!

Throughout 1982, land prices in Xiangjiang generally fell by 40%-60%, and even many high-quality land auctioned by the government were repeatedly unsold, and no one dared to start.

What ordinary people understand is only the land price of ordinary residential estates, but in fact, the price of land in this area has not fallen the most at all.

The biggest declines in Hong Kong were industrial land and high-end residential land.

Take the mansion manor at No. 20 Shixun Road where Yin Jun lives, Qiu Degen bought it and gave it to Yin Jun at a price of 36 million.

In just a few years, the value of this estate has soared, and at its peak in the middle of last year, the land at 20 Sxun Road was valued at 300 million Hong Kong dollars, an increase of almost ten times!

But at the end of the month in December, the real estate developer's valuation of 20 Sxun Road plummeted to 100 million Hong Kong dollars in one go!

This shows how frightening this decline is.

The more high-end the real estate, the greater the decline.

That is, people like Yin Jun who live by themselves do not have to worry about the rise and fall of land prices, and those who have bought a large number of high-end residential land and want to sell them into luxury villas and apartments are crying and fainting in the toilet.

Land prices have plummeted, so can property prices and office rents still be high?

Of course not.

Therefore, in the last quarter of 1982, the property prices of residential buildings also continued to plummet, and even the prices of the major real estate developers who could resist the pressure fell by about 30%, and the prices of ordinary small real estate projects were even more exaggerated, falling by half directly.

But strangely.

Even after so much plummeting, the people of Xiangjiang still have no enthusiasm for buying houses, and most of them have firmly grasped the money in their hands and dare not start.

Those buyers who started in August and September, thinking that they could pick up the bargain, are also eager to hit the wall.

They thought they had picked up a bargain, but they didn't expect to buy it at a high price.

If you buy it two months late, the price of the house will have to fall by more than 20%-30%.

In other words, because they started early, they bought the house at a loss, and they don't know how much money they owe to the bank!

Their lesson has deeply alerted people who have not yet bought a house.

Everyone is really thinking this time, what if I just bought a house and it plummets again?

Although real estate prices are already very low now, who knows how much it can fall?

The future of Hong Kong is unpredictable, and it is the biggest fear!

This is the case for owner-occupied houses, and the rent for office buildings and shops is the same.

Business is sluggish in all aspects, and where is anyone safe to do business?

Doing business and facing losses, who wants to do it?

Therefore, even if the landlord and the real estate company repeatedly reduce the rent, there is no way to stop the wave of store closures.

Even if it is bleak, but in it, there are not people who laugh and laugh.

He is Zheng Yutong.

The sensational "forced people to buy shops" the year before last, that is, the more than 200 shops in the Mei Foo San Chuen development in Kowloon, all of which were forced to be bought by tenants, are still vividly remembered.

New World Development has withdrawn more than one billion dollars in cash in one go, but the tenants are miserable, not long after they bought it, they encountered such a real estate crash, and the shops in their hands have shrunk by four or five percent all of a sudden, do you say they are angry?

Since October, this group of people has gathered and run to the door of the headquarters of New World Development twice in three days to scold, throwing tomatoes, rotten eggs, etc., making a miasma.

In terms of word-of-mouth, New World Development has also fallen to the extreme.

Although they make a lot of money, this practice of forcing others to bear pressure is still spurned by many people.

But Zheng Yutong didn't care.

If he hadn't had so much money in his hand, he would probably have been able to develop his new world this time, so he wouldn't have been so comfortable and minimized the risks and losses.

Businessmen, if they want to make money, where is there that they are not scolded?

Of course, there are very few lucky real estate developers like Zheng Yutong, and most of them are planted on this.

The difference is just who is close to bankruptcy and who can support it for a while.

According to data obtained by Qilin Daily from the Heung Kong Housing Department, in 1982, the total number of real estate contracts registered in Hong Kong was about 165,000, with a total amount of about 100 billion yuan.

Compared with the data of '81, it is down 13% and 20% respectively.

And these real estate transactions, which usually take place in the first nine months, account for 95% of the total transactions, and the second three months are bleak.

Some time ago, some of the people who were in a hurry to move the people sold their houses, which was still a good thing, and those who hesitated about the price and were reluctant to sell were really crying now.

If you keep the house in your hand, you can't sell it, and you have to rent it out cheaply, and you are very aggrieved.

Small houses are better, and those who don't have money usually choose cheap small houses to live in, so the vacancy rate is about 5%.

But the large area of the house, not so good luck, the vacancy rate of more than 10%!

Xiangjiang is not without people, even if there are so many immigrants, there are still more than 6 million people in general.

Those who swam in the past two years and got their resident ID cards have now stabilized their lives and started to pick up their wives and children one after another, so the total population of Xiangjiang has not decreased much.

At least 30 percent more than the 5 million people in 1978.

However, the loss of the middle class cannot be filled by a simple population replenishment.

The middle class is the middle class that a society needs the most, and they are the greatest force for social stability.

Nowadays, there is such a hollow in Xiangjiang, and a large number of middle-class immigrants have caused losses in various industries and deficiencies in all aspects.

The economic downturn is also a matter of course.

It's a labor pain, but it's definitely not painful.

Because history proves that every time an empty seat in a place comes out, as long as a period of time has passed, there will be a new group of people to fill the empty seat, and it will never be left vacant.

This is true not only in Xiangjiang, but also in the hinterland.

The current Xiangjiang is experiencing this kind of labor pain, and they don't know that this labor pain is still very long, and it will take two or three years to start slowly climbing up from the trough.

"Kirin Daily" has long asked Yin Jun's opinion.

In the past, they still had a lot of opinions that were different from Yin Jun, but now everyone thinks that Jun Shao's vision is outstanding, and others can't compare at all.

Therefore, when looking at the future market of Xiangjiang, most of them are now close to Yin Jun's concept.

For example, after three years, Xiangjiang's economy will recover.

At that time, the real estate will also recover positively, so you don't have to worry too much, just get through the past few years

For example, the Xiangjiang issue that Yin Jun said will definitely be resolved peacefully, and there will not be such an extreme situation.

These things, they all say according to this tone.

In a way, the current "Qilin Daily" has become the largest chicken soup newspaper in Xiangjiang.

They are cheering up the people of Xiangjiang anytime and anywhere, telling them not to give up, and to work hard to survive the past few years.

The same is true for Kylin TV.

Sometimes, the transmission of positive energy can make people get psychological comfort and work hard.

Yin Jun does not expect all the people in Xiangjiang to work hard, but if most people are so pessimistic and continue to work hard, then the entire social atmosphere will be like this, and it will bring positive power.

In the previous life, there were several crises in Xiangjiang, because of the lack of such a positive social atmosphere, so it accumulated to cause so many misunderstandings and difficult to solve.

In this life, of course, this will not be the case.

Although there is a crisis, although the sadness is still there, as long as there is hope, everything is not a problem, right?

People, when they are in a difficult situation, they always have to have hope, so that they can finally grit their teeth and persevere.

Once you stick to it, then the wind and rain will turn into a rainbow and shine in the sky above people's heads!

……

(Thank you for your recent tips and other support, although I don't have a name listed now, but your support, I keep it in mind, thank you!)