Chapter 537 [Don't Be a Speculator]
That afternoon, Lin Zuhui suddenly felt a little tormented at work, and the touch of spring in front of Guan Jiahui and the long legs stretched out to the mysterious place always appeared in his mind.
It's all to blame for this woman, take the initiative to seduce him!
"What's it for! It's better to enjoy it and focus more on work in the afternoon. Lin Zuhui said self-deprecatingly.
His career does not rely on diligence and self-discipline.
His wealth basically comes from crossing this 'golden finger', and he doesn't need to look at financial statements every day like Warren Buffett, nor does he need to meet every day like Superman Li to discuss the good prospects of that industry.
It can be said that since he earned his first pot of gold in the 'stock training class', he has been making money lying down. With the memory and experience of his previous life, he speculated in real estate, securities, and foreign exchange, and did not need much analysis at all.
Of course, he still worked hard, he learned professional knowledge in real estate, multiple languages, and professional financial knowledge....... But these are actually based on the fact that he has the strongest brain, otherwise if he has difficulty learning, he is afraid that he can understand the knowledge of real estate, and he is already very satisfied.
Meng drank a few sips of water, finally suppressed the restlessness, and then worked seriously.
He still has a lot of work now, such as the design blueprint and planning scheme of large-scale projects, which need to be reviewed and approved by him before they can be finalized. In the past year, he has participated in the planning and approval of many large projects, which is quite hard. Of course, the design of these projects is carried out by world-renowned designers.
During this period, Chen Bin came to Lin Zuhui's office.
"The boss, and the American Brennan Beer Gorman designer has completed the commission, they will complete the design of Diamond Hill - Plaza Hollywood according to our requirements, and the design plan is expected to be completed by the end of October, start construction at the end of the year, and be completed in the spring of Jiuqi."
Lin Zuhui nodded with satisfaction, he was very satisfied with this construction period, which was completed at the peak of the real estate, and the lease period could be generally longer at that time, and he could make a lot of money.
Hollywood Plaza, which translates to Hollywood Plaza, is Cantonese. For this plaza, New Era Group's requirements are: to design a "star square" on the first floor, covering an area of nearly 10,000 square feet, to be designed as an ideal location for holding events and exhibitions.
The most classic design of a modern shopping mall is, of course, the internal plaza where the event is held, which can achieve the effect of drainage.
"Hmm. With a gross floor area of 600,000 square feet and more than 200 shops, Plaza Hollywood will be the largest shopping mall in Kowloon East. ”
In addition to the 600,000-square-foot shopping mall, Plaza Hollywood also has a 1.2 million residential tower, with a total investment of HK$6 billion. Putting the five residential buildings up for sale in 1996 can almost return 8 billion yuan, which is enough to recover the cost (including interest) and make a little profit. The remaining 600,000 square feet of shopping mall is net profit.
The shopping mall network is also a key development direction of the New Era Group in recent years, because of this, the New Era Group is called a 'real estate all-round company' by investors.
The development of real estate, office buildings, shopping mall networks, parking lots, New Era Group is the overlord in almost every field, which makes investors have to sigh at the strong ability of New Era Group to absorb money.
You must know that even an established real estate company such as Cheung Kong Industrial has sold Laguna City Shopping Mall (170,000 square feet, 730 million yuan), Huayuantai No. 2 luxury building (800 million yuan), and Parknshop Building (150,000 square feet in Cheung Sha Wan, 330 million yuan) in the past six months.
Here's the phenomenon:
Cheung Kong Asset obtained a large amount of cash from the sale of its leased properties to purchase land for the development of residential buildings.
Hang Lung used the funds to develop rent-collecting properties and gave up land reserves;
New World Development used the funds to invest in the hotel and the second phase of the Convention and Exhibition Center, and also missed the land bank;
Henderson Land concentrates on residential development and rarely develops rent-collecting properties;
Sun Hung Kai is very strong, and is also working hard to develop a shopping mall network in the new town, and now there is a network of nearly 20 shopping malls, thanks to their land bank in the seventies and eighties, and the land cost is very low.
As the largest real estate company, New Era Group has developed comprehensively from the beginning, because the company is like installing a water pump - rights issue fundraising, bond issuance, financial profits, a large number of loans, and tens of billions of huge funds, which company can compare.
Therefore, the current net assets of the New Era Group are too huge, conservatively estimated to be close to 200 billion, and it is still appreciating, because office buildings are still skyrocketing this year.
Chen Bin said again: "Boss, the Ho Tung family intends to sell Dongping Building and Dong'an Building in Mong Kok!" ”
When Lin Zuhui heard this, he immediately thought about it.
The Ho Tung family's properties are very lucrative: Tung Ping Building and Tung On Building in Mong Kok, Tung Ying Building (the predecessor of The One Shopping Mall) in Tsim Sha Tsui, Tung Shing Building and Tung Sang Building in Wan Chai, Castle Villa at 35 Deep Water Bay, Big House at 6-10 Bulli Path, Peak Road 75 Hiu Kok Garden, Ho Tung Garden on the Peak, and 19 Park Road in Jardine's Valley.
"Ignore it, we don't buy buildings and shopping malls now, we only develop them ourselves!"
"Okay"
After Chen Bin left, a smile appeared at the corner of Lin Zuhui's mouth, the He Dong family is not stupid, the sale of the two buildings at this time is nothing more than the approach of Jiuqi, as a high-ranking official on Taiwan Island The He Dong family (currently He Shili is in charge) is naturally in a hurry to sell some assets, implement the 'egg philosophy', and disperse funds.
And now, it is the time when the property is booming.
However, Lin Zuhui knows that in his previous life, the family sold a lot of assets around 2000, when it was the Asian financial crisis, and then encountered SAS, and 1997~2005 was the trough of Heung Kong Real Estate. Maybe this family is also afraid that after a long time, Xiangjiang will plummet and have no confidence.
Of course, the four buildings of the Ho Tung family's Mong Kok and Wan Chai are too small, and Lin Zuhui really can't look down on them.
The only thing that can be seen is the Tung Ying Building in Tsim Sha Tsui, which can be redeveloped into Hong Kong's tallest shopping mall, The One, with an area of 400,000 square feet. In the tourist area of Tsim Sha Tsui, it is naturally worth a lot.
As for other luxury properties, if they are sold, Lin Zuhui can consider taking over, but excluding Ho Tung Garden, which is expensive and troublesome.
Generally speaking, Lin Zuhui now has a high vision, and he is no longer interested in these properties.
Whether it is an office building, a shopping mall network, or a villa mansion, Lin Zuhui has never bought it again. It stands to reason that it is still profitable to buy now and sell it before Jiuqi.
However, he doesn't want to give outsiders the impression of a 'speculator', so as not to increase his infamy, after all, he is the richest man, and there are some things that he can't do.
If you sell your property at a high price before the Asian financial crisis, it is called 'hedging because the price is too high';
After the financial crisis, Heung Kong Real Estate generally fell by nearly 6%, and he will buy properties while the price is low, which is called 'bailing out the market'.
In the past two years, when Xiangjiang Real Estate has been rising, Lin Zuhui, as a large real estate developer, is easy to be attacked as a person who 'takes the lead in property speculation' once he speculates on property.
And once the real estate falls into a trough, Lin Zuhui chooses to enter again, then everyone will not feel anything at all. Of course, it can't change people's fears.
After all, few people dare to buy the bottom, but there are many people who chase high.