South Bay Road Villas, Lam's Palace.

In the evening, Lin Zuhui and the Eight Immortals came to the living room on the second floor to rest, and in early and mid-October, they gave birth to a son and gave birth to a son, and Lin Zuhui's children have risen to 10. This is not counting the imminent birth, this year Lin Zuhui's children will rise to 13.

"The ordinary houses in your hands are all sold slowly, and half of them will be sold by the end of the year. Don't touch the money you sell, and buy high-end residences, shops, and office buildings later!"

Everyone's eyes lit up, and it was finally harvest season!

In this round, the timing of Seven Immortals' investment in ordinary residences was all when *** plummeted, and the residences were generally unpopular at that time; Lin Zuhui took the opportunity to let them invest in the entire residential building, in addition to the building of the New Era Group, they also bought the buildings of other real estate developers.

At that time, as a real estate developer, no matter how low the price is, it is impossible to put it in your hands, because it is necessary to take into account that 'goods are like wheels,; Otherwise, if it is sluggish in a year or two, the real estate developer will not be in business for a year or two. Therefore, in that case, as long as the real estate developer has a small profit, he will also sell.

Therefore, at that time, Qixian probably bought an ordinary house worth 1.2 billion yuan (about 20% of the down payment), about 1,200 units.

This amount is equivalent to the annual shipment of a large real estate developer like Eagle, which is estimated to be 1,500 units this year, accounting for almost one-twentieth of the annual supply in Hong Kong.

Now, the properties in the hands of others have doubled,

Worth more than 2.5 billion!

Guan Xian said excitedly: "I asked the company's accountant to calculate it for me, and now my building is worth more than 500 million, and it has been issued!"

All the women looked at Guan with envy, no way, this woman has been with this man for the longest time, and when she bought a house, she could already come up with a huge amount of 50 million.

Li couldn't get used to Guan's appearance, so he said, "You still say it, just because you have the most pressure to supply the building, I don't know how many small stoves Brother Hui has opened for you."

Incisive!

This woman is worthy of being a master of the palace fighting system, in one language.

At that time, the loan was 200 million yuan, and according to the ten-year loan calculation, it was 20 million plus loan repayment per year. And Lin Zuhui's standard for the women is 30 million living expenses a year, so you can imagine how much pressure there is on the supply of the building.

Without Lin Zuhui's private subsidy, it would be impossible!

Also receiving this subsidy are Wang and Cai, who had a building of nearly 200 million yuan and a loan of 160 million yuan that year. Therefore, the two pretended not to know at this time, and they didn't look at Guan with unkind eyes, they just didn't participate.

The rest of Qiu, Li, Li, and Lin were naturally unconvinced, as if they were saying that they were cheap and behaved.

Lin Zuhui hugged the king, and the two of them looked like they were watching a good show. Wang is now numb to Lin Zuhui's speed of making money, and she can't fight, and she doesn't want to fight, so as not to offend this man. Besides, the speed at which his man makes money is too fast, to the point that the amount is staggering, and he is fighting if he doesn't fight.

Guan immediately knew what his man had said - wealth cannot be exposed, showing off and showing wealth is not a layer of meaning, a rich man can show off wearing tens of thousands of clothes and driving millions of luxury cars, but he will never disclose all his assets and past private accounts.

She made a fatal mistake, and although everyone knew that she had the most property, it was obviously not appropriate to say it. ….

Guan looked at Lin Zuhui pitifully, this kind of family dispute, whether this man deals with it or suppresses it, is absolutely authoritative.

Lin Zuhui looked at Guan, who had just given birth to his son for a week, and naturally immediately relented.

"Let's go shopping, please!"

For a while, people started talking, and they immediately received support.

"I fell in love with a piece of diamond jewelry from Lukfook Jewelry, and the price was only 300,000 yuan, thank you, Sister Guan!" Li immediately said.

"I heard that LV has another batch of new goods, so let's make an appointment another day!"

For a while, everyone slaughtered one after another, but it was only hundreds of thousands.

Guan Jiahui felt a slight pain, but immediately agreed.

One

The family farce ended, and everyone went back to the villa to pick up the children.

Lin Zuhui thought seriously about how to continue to invest the funds they cashed out. Buying luxury homes, shops, and office buildings is the best choice. Like Guan, Wang, Qiu, and Lin, the four daughters can invest in U.S. stocks, such as Oracle and Best Buy. Especially Oracle, at present, the Lin family office and Hengjin Investment have not been bought, and the end of the year is the right time.

Thinking of this, Lin Zuhui already had a number in his heart, and he would arrange it later.

........

With the popularity of Heung Kong Real Estate, the annual increase in residential properties has reached the point of madness.

Residential buildings are the most closely related to people's livelihood, so they have caused the greatest "public grievances".

For the development of flats, part of the property developer is for internal subscription and part is for public sale. Those who are eligible for the "privileges" of internal subscription are those within the Group and those with a relationship with the developer. The off-the-plan and existing properties they subscribe to are usually not home purchases for self-occupation but are marketed at a markup.

Real home buyers often can't even buy second-hand buildings, but buy third-hand and fourth-hand buildings. Layer upon layer of price increases, making home buyers look at the building and sigh. Off-the-plan and existing properties for sale are not available to genuine home buyers.

When the wind is frenzied, you have to wait for a few days and nights.

And the queue is basically monopolized by scalpers. If a home buyer wants to obtain the right to buy a house, he must go to the scalpers to buy a chip, and a chip usually costs 10,000 Hong Kong dollars.

Property speculation must bear risks, if you are sure of the property market, act decisively, and make great profits, sometimes without profit.

There are many reasons why real estate developers welcome speculation: speculation is directly related to the property market, and the property market is thriving, and there will be speculation friends flooding the market, and vice versa; Speculators can share part of the risk of the real estate developer, just as the dealer shares the risk of the manufacturer; Speculation can play a role in boosting the prosperity of the property market, i.e. "speculation".

Therefore, some people regard real estate developers and speculators as twin brothers. What's more, they are all regarded as the "culprits" of high property prices.

In the 90s, the call to curb property prices and crack down on property speculation was loud.

Hong Kong's government, which pursues a liberal economy, can no longer sit idly by.

........

On November 1, 1991, the newly appointed Financial Secretary Michael McGaulle announced that the stamp duty on the transfer of property characters and the proportion of internal subscription would be increased to crack down on speculation and curb the rise in property prices.

According to market rumors, McGaulle claims to fight tigers, not rats like scalpers.

Who is the tiger?

Li Ka-shing, Lin Zuhui, Guo Bingxiang, Zheng Yutong and other real estate giants are all tigers. ….

And who is Shuai Hu?

For a time, the citizens of Xiangjiang launched two: one is Li Chaoren, who was the richest man last year, and the other is Lin Zuhui, who became the new richest man this year.

Coincidentally, on the day when McGaulle announced the crackdown on speculation, the first phase of Li Chaoren's Jiahu Villa opened. Only 1,752 units were launched on the market, and in the following days, 10,000 people registered, queuing up for a long time, and home buyers and speculators flooded the market. The number of internal subscription units in the first phase is unknown, but it is a public fact.

McGaulle was very dissatisfied with this, and Li Superman's "confrontation against the wind" was tantamount to "smearing" McGh's face. McGaulle threw out a trick and instructed the Banking Superintendent to send a letter to the banks on November 5 to reduce the mortgage loans (mortgage loans) for new and old residential buildings from the original 80% to 90%.

This is really powerful, the mortgage ratio is related to the ability of property speculators and home buyers to bear the cash (down payment), which directly affects the prosperity of the property market.

.......

Wednesday, November 6.

Zheng Yutong came to Lin Zuhui's office and said, "Zuhui, what do you think of the Hong Kong government's move?"

Lin Zuhui didn't want to participate in this kind of thing, the New Era Group is gradually developing comprehensively, not to mention that he knows that the Hong Kong government's move is still full of loopholes, and it is vulnerable in front of powerful real estate developers.

However, as a real estate developer, he has to stand on the same team, otherwise he will become a public enemy.

It is said that there is no hesitation, and it should be!

"Uncle Tong, I naturally think that the Hong Kong government's move has affected the free market economy and is not conducive to the development of Hong Kong!"

Zheng Yutong immediately said: "In this case, you are the largest real estate developer in Hong Kong, why don't you organize everyone to have a discussion?"

Think of yourself as a handsome tiger, this is too high to think of yourself!

Lin Zuhui immediately smiled bitterly and said, "Li Chaoren has to come to this matter, I will definitely respond."

Zheng Yutong said with a smile: "I'm just here to test your attitude, Brother Jiacheng will hold a banquet at the Hilton Hotel this Friday to entertain the Prime Minister of Columbia, Canada, and invite you to accompany you."

Lin Zuhui nodded and said, "Arrive on time! Uncle Tong really likes to joke, and with my qualifications, I dare to organize everyone to protest against the Hong Kong government, I am afraid that it will be ridiculous and generous."

Zheng Yutong smiled at Maitreya Buddha, and then said: "Everyone is also worried that you are thinking too much, and you are engaged in 'Hong Kong stream culture to rejuvenate Hong Kong, and you are engaged in comics and drinks, forgetting that you are the largest real estate developer!"

Lin Zuhui said with a smile: "Then how can you forget that you are a real estate developer, only if real estate brings enough profits, New Era Group is qualified for comprehensive development."

Zheng Yutong nodded, this old brother can see it!

........

Friday.

Lin Zuhui came to the Hilton Hotel in Central, and as soon as he got off the car, he saw the shadows of many reporters. I immediately understood that these reporters may have been deliberately attracted by Li Chaoren.

Real estate developers from all over Hong Kong accompanied the Prime Minister of Columbia and held a banquet.

What does this mean?

It means that if the Hong Kong government insists on cracking down on the real estate industry in Hong Kong, then everyone may invest their funds in Canada.

Do you want to sell high-priced land in the future, and 70% of your fiscal revenue depends on official land auctions, rates, land taxes, stamp duty, real estate company profits tax, and fees for changing the nature of land. ….

(Note: Xiangjiang is not only a real estate industry, but other industries have almost no tax or very low tax, so it is called a free trade port)

"Lin Sheng"

"Li Sheng"

Everyone greeted one after another, and those present today were: Li Chaoren, Lin Zuhui, Cheng Yutong, Lee Shau-kee, Ho Hongsheng, Guo Huonian, Guo Bingxiang, Luo Jiarui, Ronnie Chan, etc.

Together, these large real estate developers account for more than 70% of Xiangjiang's real estate industry, and the economy controlled by everyone will account for 40% of Xiangjiang (all of which have other industries).

Everyone accompanied Canada *** to dinner, and naturally talked about McGaull's attack on Hong Kong Real Estate during the period.

Lee Shau-kee, who usually rarely speaks, was the first to say: "What are the consequences of the Hong Kong government's brutal intervention in real estate? It will be the largest loss for a large number of home buyers, and it will cause social unrest!"

Lin Zuhui is also the same, when the '85,000 residential public housing plan' of Jiuqi in his previous life was implemented, it happened to meet the Asian financial crisis, and it was criticized by many people.

The reason is actually very simple, there are too many property owners in Xiangjiang, and everyone thinks that the house they have worked so hard to buy has depreciated a lot because of your arbitrary interference, who will compensate for this loss?

Therefore, some J-end people have naturally made a lot of J-end things!

Then the "cannon barrel" Cheng Yu-tung repeatedly bombarded the Hong Kong government's "perverse actions".

"If the Hong Kong government is interested in considering the public, the solution should be to increase the supply of land and build additional public housing."

"The Hong Kong government left a large amount of official land for auction at the peak of the real estate market, and they got a lot of financial revenue, but they wanted to beat us real estate developers to death!"

The crowd chimed in!

Kwok Bingxiang added: "Since the Hong Kong government asked the bank to send us a letter, it said that the mortgage can only be 70%. Then we are not afraid of them, we have financial companies in each company, and we can still provide 80% to 90% mortgages."

This is the trick of real estate developers, large real estate developers in Hong Kong who do not own a finance company that can provide mortgages to home buyers. Moreover, everyone's financial strength is no worse than that of ordinary small and medium-sized banks.

So

There are only two unfortunate forces: banks and small and medium-sized real estate developers.

Thirty to forty percent of the bank's profits come from real estate, and the real estate developer does his work, so the bank's income is much less;

Small and medium-sized real estate developers cannot provide mortgages, so his house cannot be sold, and he does not have much strength to develop real estate, and now the sale is monopolized by large real estate developers, so it will be even worse.

Everyone echoed Guo Bingxiang again!

Each of these developers is smarter than the other, and there is no real way for the Hong Kong government and banks to defeat them.

Everyone looked at Li Chaoren and Lin Zuhui, which means that it is time for the two of you to take a stand, you must know that you are the first bird to be beaten by the Hong Kong government.

Li Chaoren shrank at the end, and finally said, "If everyone provided LTV through affiliated finance companies, I would have no choice but to do this!"

Lin Zuhui said calmly, "Rest assured, Heung Kong Real Estate is not so fragile. Of course, as a junior, I will follow in everyone's footsteps!"

Compared with the two, everyone still thinks Lin Zuhui is refreshing!

Especially Lin Zuhui, who is the most discerning in Xiangjiang, said that Xiangjiang Real Estate is still very promising, and everyone is relatively happy.

Since the gathering was a "deliberate leak", the news that the real estate developers had joined forces with the Hong Kong government to "work against each other" was published in various newspapers the next morning.

96.

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