Chapter 758: Political Factors
"You're not going to be eyeing Land, are you?" Hua Junyao guessed with certainty.
"Yaoyao, it's really a guess!" Hua Guoqing lightly clasped his knee with his index finger and said, "I have carefully studied this company." The major hit in this real estate crisis is the old British real estate company Land. In the 70s, new real estate developers took advantage of the low tide of the real estate market to absorb a large amount of cheap land, and then took advantage of the recovery and prosperity of the market to launch off-the-plan properties, making huge profits in buying low and selling high, dwarfing the rental income-based land, and gradually losing its "self-respecting" status. Hongkong Land realised the importance of property development and began to strengthen its property development business. Later, Hongkong Land drank milk incident, which allowed Hongkong Land to develop a large-scale private housing estate, Fortune Garden, a large-scale private housing estate, and then cooperated with about 30 companies such as Far East Consortium, Jianing, Hang Lung, etc. to develop more than 70 real estate projects, and the investment strategy began to take off. ”
Picking up the tea that Liu Baoguo had just sent, he nodded at him, took a sip, and moistened his throat, "In the 80s, after Hongkong Land lost control of Wharf in the battle with the ship king, Hongkong Land underwent a major change in its investment strategy, and obviously gave up the conservative, steady and serious style it has always pursued, turned to aggressiveness, impatience and speculation, and became a "super friend" in the real estate industry of Hong Kong at that time. At the beginning of last year, Hongkong Land and Sino Property formed a consortium to purchase the Pak Pen Shan site on Tai Tam Road on Hong Kong Island for $1.308 billion, with plans to build villa-style luxury residences. In August of the same year, Hongkong Land and Jianing formed a consortium to purchase the old wing of the Miramar Hotel in the central tourism area of Tsim Sha Tsui for 2.8 billion yuan, planning to develop it into a high-end commercial building in the style of Landmark Plaza. In February this year, Hongkong Land won the "Land King" of the current Exchange Square on Hong Kong Island at a high price of 4.755 billion yuan. During this period, Hongkong Land also launched a "dawn raid", spending 3.5 billion yuan to purchase a 34.9% stake in Heung Kong Telephone and HK Electric Group. It's a pity that the time doesn't wait for me, I bought it at the peak, and now it's a big loss. Hongkong Land only has a loss of more than 3 billion yuan in the three major investment projects of the Central District Exchange Square, the old wing of the Miramar Hotel and the Baibishan Development Plan. The total debt soared to 10.07 billion yuan, and the debt ratio rose to 50%, making it the largest debt company in Xiangjiang and nicknamed the "debt king". Hongkong Land's wrong investment strategy not only triggered a power struggle at the top of the group, but was also coveted by the emerging property group. Sooner or later, the status of the "big brother" of the Hong Kong real estate industry will be replaced. I'll take a bite of the meat, not too much! ”
"The wolves are rampant, the wolves have more meat and less meat, and the encirclement and suppression of British capital has brought them a hundred years of shame of being oppressed. At this stage, there is no need to offend the old Chinese investors. Our goal is ......"
Hua Guoqing followed her words and said with a smile, "Earn the greatest benefits, let's not try to be famous." This real estate crisis has hurt more than one company. ”
"That is, take advantage of his illness and ask for his life." Hua Junyao smiled lewdly, "Who do you like again?" ”
"Carnival Real Estate!" Hua Guoqing poured another sip of tea and coughed lightly twice before saying, "This time the blow is not small, and this time it will not be the last straw that crushes the camel." The reason for its decline can be traced back to the serious missteps of its post-IPO investment strategy in '72. In March '73, the Hong Kong stock market fell sharply after hitting a historical peak, and the economy of Hong Kong turned into a recession, and it turned its focus to overseas development, developing the "capital city" of Kuala Lumpur, the capital of Malaysia. Unfortunately, after the outbreak of the oil crisis, the world economic recession, Malaysia's rubber, rice exports fell sharply, the sales of Shoubang City were unsatisfactory, and the development plan was slow, resulting in its overseas profits falling year after year, according to reliable sources, 77 years overseas only recorded 4.4 million yuan, and at that time, real estate predators have grasped the low tide of real estate to buy a large number of low-priced land, and when it returned to Xiangjiang, the disparity between strength and weakness has been clear.
In the late 70s, when Hong Kong's economy was booming and the real estate and construction industry was extremely prosperous, it made a comeback in an attempt to make a big difference, but after many years of absence from Hong Kong, its financial situation was no longer the same. At present, there are many Heung Kong real estate groups, and the development plan is often calculated at 1 billion yuan, but it has no chance to participate and can only operate a smaller site. In 1981, although there were major events such as the purchase of the old wing of the Miramar Hotel by Hongkong Land and Jianing at a high price of 2.8 billion yuan, it was said that some people were still extremely optimistic about Xiangjiang Real Estate, that is, we can see that from the official land auction and the vacancy of buildings, we have seen that real estate adjustment is inevitable. However, it miscalculated the situation and continued to expand aggressively as early investments returned. By the time of this year's property crash, its development plans have suffered serious losses.
In addition, I still have a few real estate companies that are having a hard time, such as Jianing, Yida...... It's all a big injury, and now is a good time to make a move. ”
"No hurry!" Without waiting for Hua Guoqing to ask, Hua Junyao hurriedly said, "Little cousin, you only consider economic factors, and forget that there are political factors?" ”
"Political factors?" Hua Guoqing raised his eyebrows and pondered, "Politics? ”
"It's so bright, you don't need me to remind you!" Hua Junyao smiled slightly.
"What is the future of Xiangjiang?" Hua Guoqing remembered and said, "This is a big variable? If you mention the countertop, tsk...... Some of them fell! ”
Hua Junyao smiled and said unhurriedly, "Now you know why I want you to wait any longer!" ”
"But will the British let it go, will they be willing to give up the jewel in the Queen's crown?" Hua Guoqing frowned and said, "Although it won a big victory in the Falkland Islands, it is now very powerful. ”
"Back then, Britain could be called the empire on which the sun never sets, and now what?" Hua Junyao said word by word with a relaxed expression.
"People are panicking, it doesn't fall, who falls." Hua Guoqing smiled when he heard this.
"Pearl?" Hua Junyao pouted and said, "Dead fish eyes!" ”
"What did you say?" Hua Guoqing didn't hear clearly, so he asked.
"Nothing?" Hua Junyao said.
"My mom said, "Dead fish eyeballs." Xiao Yan climbed onto the desk and shouted beside Hua Junyao.
"Is it a little girl?" Hua Guoqing said with a smile on his eyebrows, "Uncle sent a lot of toys and new clothes to Xiao Ling, and I will receive them soon." ”
"Thank you, little uncle." The little obedient mouth said sweetly, "The car sent by the little uncle, the little obedient likes it so much." As he spoke, he took the earpiece from Hua Junyao's hand and sat cross-legged on the desk.
The two nephews chatted non-stop on the phone.
couldn't stand the greasy appearance of the two, Hua Junyao said from the earpiece in her little hand, "Little cousin, just do what you think!" Do you feel about experiencing the real estate collapse this time? ”
"What do you think?" Hua Guoqing said with emotion, "The helmsman misjudged the situation, and it was really a heavy loss at the worst and the annihilation of the whole army at the worst." ”
"There will be a nest of bears." Hua Junyao said with a smile.
"Experiencing it first-hand here, the market is really bad." Hua Guoqing sighed.
"There is no industry in the world that does not make money, only people who do not make money." Hua Junyao said indifferently, "No matter how good the business is in the market, there are also losses, and no matter how bad the business in the market is, there are also profits!" It can also rise against the trend! ”