July 3, 1977, fine.

The sun in the morning has a hint of scorching heat, and there was a rainstorm just two days ago, the humidity in the air is high, and under the scorching sun, you only need to stay for 5 minutes to feel sweaty.

Hung Hom, outside a single-storey building by the sea, countless people lined up in an S-shaped long line, some with umbrellas, some with hats, and some people didn't care, but all of them were anxiously looking at the gate in front of them, expecting someone to come out, because someone came out, and those of them who were queuing outside would be able to enter.

If a foreign ghost comes here, he must think that this is some kind of tourist place, because the number of people is limited, so people outside line up, but Hong Kong people know that this is just a sales center, and there are too many places to queue up in Hong Kong.

"These people are crazy." Even if the air conditioner is blowing in the room, as long as he sees the brightness reflected by the concrete floor outside after being exposed to the sun, Chen Zhiwen can feel the heat outside, but too many people don't care, just wait outside.

"Chen Sheng, among them, in fact, there are only a few real buyers, most of them are scalpers, who come to speculate on houses, keep queuing, keep lottery, once they shake one, they can earn 1,000 Hong Kong dollars by selling it." Zhou Jiayang was beside him and explained with a light smile.

"1,000 Hong Kong dollars? Ordinary workers on the Midea side, if they don't work much overtime, I'm afraid they will have to work for more than two months to earn it without eating or drinking. Chen Zhiwen said.

In the past two years, with the rise of housing prices in Hong Kong, all jobs in Hong Kong, wages have also begun to rise, otherwise, many people simply can't afford to rent a house, and the Midea factory has naturally increased its wages according to the market situation.

However, the factories that make arcade machines are very busy, the wages are also very high, there are more overtime, and the income is seven or eight hundred, or even thousands, and only those who perform very well in each factory have the opportunity to be transferred.

But even so, compared to queuing here, the benefits are still too small.

"It's not so easy, we have calculated how many suites we have issued every day, the more people they come, the lower the probability of being shaken, and many people may not be able to get the number after queuing for ten days." Zhou Jiayang said.

"These scalpers, really," Chen Zhiwen shook his head and said.

Nowadays, in the whole of Hong Kong, almost all real estate companies are engaged in lottery restrictions, except for very remote communities.

It's not that I like to toss buyers so much, but I come to buy a house, most of them are speculators, once these people buy a house, they will immediately sell it at a high price, and the real estate companies are naturally not fools, and it is your turn to have this kind of good thing? I'm not going to raise the price myself, right?

But the house price is a trend in itself, that is, because these people enter the market with a lot of money, many people who want to buy a house can't buy it, and it promotes the rise in house prices, even if the real estate company raises the price, these people will not stop.

As a result, many real estate began to limit the number of daily shipments, using the lottery method, and later the mainland also had this kind of routine, but it only appeared in a few places, but today's Hong Kong is everywhere.

Even if you shake one a month, it is much better than going to work, and many people will take advantage of the mentality that some people only dare to go to work and dare not fight, and ask them to line up for more than ten yuan a day and sit on the Diaoyutai by themselves.

"There are more scalpers queuing up at Taikoo Shing, and the market has been so good recently that Swire has directly kicked Dachang Real Estate and specialized in Taikoo Shing's business." Zhou Jiayang said with a smile.

"It's not a kick, the breakup fee is almost 100 million Hong Kong dollars, and the points I earned before were given to Dachang, and Dachang can be said to have made a lot of money." Chen Zhiwen shrugged and said with a smile.

As early as 1972, the Swire Group decided to develop Taikoo Shing, but because it did not understand real estate and was timid, so it pulled in the then somewhat famous Dachang Real Estate to develop Taikoo Shing together, and then encountered a two-year real estate crisis, the project was suspended, and it was restarted in 1975, and today, the price of houses sold in Taikoo Shing has more than doubled, and because of the good location, the market is basically in short supply.

In this case, Swire Group is naturally not happy to share the profits with Dachang, so it wants to kick him away, but there is a price for default, and Dachang obtained 100 million Hong Kong dollars, which has become a magical story in the Hong Kong real estate industry, basically making more than 100 million Hong Kong dollars without doing anything, and many real estate companies are tired of developing more than a dozen projects, and there are not necessarily so many.

"Our second phase has been put on sale, with a total of 3,100 houses, and I am currently releasing 100 units per week, which is estimated to be completed in more than half a year." Zhou Jiayang said: "Now the funds in our hands are enough to develop the foundation of the third phase, just in the middle of a period of time the house continues to sell, these funds are just used to develop the third set, according to the plan, the third phase of the house, will start pre-sale in April next year, we can also follow the half-year plan, in October next year will be all the funds recovered, in this way, the entire Huangpu Garden is considered the project is completed." ”

"Just do it according to the plan, as long as all the funds are recovered in the second half of next year." Chen Zhiwen nodded and said, "What about the Huangpu Business District?" ”

The Whampoa Business District is a commercial project developed on the 800,000-square-foot land that Hutchison acquired after the acquisition of Yingni in Jingzhou, with a total of 10 buildings and a total construction area of 5.5 million square feet after completion.

In the future of Hong Kong, except for 83 and 84 years, Hong Kong's housing prices have been rising rapidly, and the rental prices are the same, and the rent of Grade A office buildings in Central is also rising.

Especially after 85 years, because foreign capital wants to do business with the mainland through Hong Kong, mainland state-owned enterprises also need to do business with overseas multinational companies through Hong Kong.

Whether it is foreign or domestic, doing business is about face, whose headquarters is in a poor place, then outsiders will still do business with you? As a result, rents are rising faster than house prices in office buildings in Central.

In this case, who can stand a company that does business normally?

As a result, they had to move out, and rents in other towns in Hong Kong also rose.

The location of Hung Hom is very good, with the sea, an undersea tunnel directly to Hong Kong Island, plus a future subway, plus if Hutchison works hard here, it will definitely be more suitable for companies that have migrated from Central than later generations.

"The Huangpu business district is also being implemented according to the plan, the underground garage has been built, and ten office buildings are also under construction, which is expected to be completed in June next year." Zhou Jiayang said: "Many people have come to ask us about the price of rental, and our underground garage has three floors, which is our advantage." ”

"If the supporting construction is good, it is natural not to worry about tenants." Chen Zhiwen nodded and said.

Parking in Hong Kong is an eternal problem, so there is also a super parking space in the Huangpu Plaza in front of the Whampoa Garden, and the Whampoa business district here is the same, which is convenient for the tenants upstairs and can also collect rent separately.

"It's just that all our funds come from the bank, and HSBC has some opinions about this, and they want us to advance a little more funds." Zhou Jiayang said again.

"Ignore them, but if HSBC does shrink its loans, then find some small banks, which don't have that high risk control in order to make money." Chen Zhiwen thought for a while and said.

After Hutchison bought the land of Yingni in Jingzhou, he spent another 98 million Hong Kong dollars to convert the land into business, and this land was previously a cement factory, and the ground was polluted, so Hutchison had to spend another 20 million Hong Kong dollars to replace the earthwork and stabilize the foundation, plus the funds invested in the previous acquisition of Yingni in Jingzhou, it has cost a lot of money.

Therefore, the construction cost of the Whampoa business district is completely dependent on the bank, with the value of the future property and rent as collateral, borrowing money from the bank to build a house, which is also a normal routine in Hong Kong, but the big banks will still require investors to invest a little more principal to reduce the risk of the bank.

"Okay, but the interest rates of these small banks may be a little higher." Zhou Jiayang said.

"There must be a give-and-take, how can there be a perfect thing, after collecting the rent in the future, just pay it back slowly, 5.5 million square feet of commercial office building, one time want to hold it yourself, of course, you have to pay a certain price." Chen Zhiwen smiled and said.

In fact, if the funds were sufficient, he would have built a commercial office building on the huge area of land in Whampoa Garden, a commercial office building of more than 10 million square feet, which would be worth 200 billion Hong Kong dollars in the 90s, and the rent is estimated to be tens of billions of Hong Kong dollars a year, which is completely another Harbour City project.

But the premise is that the funds are sufficient, and because it is similar to Harbour City, it cannot be done, because it will drag down all the funds of the entire group, if this is really done, the whole Hutchison will only be able to revolve around this project in ten years, and only after the housing prices rise sharply, the loan can be repaid to a certain extent, and it can be relieved.

In this way, too many golden opportunities will be missed, especially with the prophet's golden finger, many projects are more valuable than such a commercial office cluster, and even have the opportunity to obtain better projects that can be worth holding for a long time.

As a result, Whampoa Gardens has become a community as it was in the past, so that you can quickly cash out a large amount of money and make other investments with higher returns. The land obtained from Yingxiao in Jingzhou is not small, but it will not drag down the current Hutchison, so Chen Zhiwen decided to make this a commercial building business district.

In the future, rents can be collected for a long time, but it will not affect the normal operation of Hutchison now, and as long as the land price rises, the value of these office buildings will also increase, so it can be used for a second mortgage.

Of course, this risk is also very large, and most banks will be more cautious.

"According to the current rental price in Hung Hom, the rent in Huangpu Commercial District will be 50 million Hong Kong dollars a year, but the current market interest is too high, and the pressure to repay the loan is also very high, and the rent may not be enough to repay the loan." Zhou Jiayang said helplessly.

"Interest is a global problem, it cannot last for many years, and the economies of Europe and the United States cannot bear it, so we will find a way to repay the loan with a loan for the time being, let's slow it down, and the real estate market will continue to rise." Chen Zhiwen said.

Although I don't like real estate very much, but in the case of the prophet's golden finger, this is really a super ATM, and even if you don't participate, others will earn this part of the money, so it's better to keep it for yourself, and you will put this money into industry to help Hong Kong's economic development, or the country after the future reopening.

In the past two years, the China Hong Kong Foundation has built 30 Zhiwen primary schools, and at the same time helped children from many poor families to reduce tuition fees, and also provided meat and vegetables to students in terms of food, which is not a daily meal for middle-class families. In addition to education, the China-Hong Kong Foundation has also set up special project teams in major hospitals in Hong Kong to help poor families who are seriously ill.

"Okay." Zhou Jiayang nodded, now as long as the Huangpu business district is completed, then Hutchison will become the top ten property owners in Hong Kong, which is the advantage of a large area of land, this kind of land is very rare, and the development of a community will be gone, otherwise, it may be better to redevelop it with full funds in the future.

"Okay, you still have to have a snack in real estate, try to cash out a little more money, and I will have a big use by the end of next year." Chen Zhiwen stood up and said.

"Chen Sheng, I understand." Zhou Jiayang nodded and said, but he was very curious in his heart, you know, just the Whampoa Garden project, after all the development is completed, after deducting all the loans, construction costs, etc., you can make a net profit of 1 billion, if the house price continues to rise, it will be more than a billion Hong Kong dollars, plus a 1.7 million square feet of Whampoa Commercial Plaza.

Hutchison's other land is also cooperating with different Chinese capital or Galaxy Hengyi, according to estimates, it can also cash out another 4.5 billion Hong Kong dollars, plus Galaxy itself also has its own real estate projects, which can provide at least 2 billion Hong Kong dollars.

What is so much money going to do? It's definitely not an acquisition of a company, because an acquisition in Hong Kong doesn't need to be so troublesome at all, and if every acquisition needs to raise its own funds, there won't be a merger or acquisition in Hong Kong in ten years.

As long as the target of the acquisition is not in debt crisis like Hutchison did before, it can go directly to the bank for a loan, and the banks in Hong Kong are happy to do this kind of business, even the international ones.

Not to mention, the boss still has a lot of non-real estate business, Midea's arcade machine, Red Bull's drinks are very popular in Europe and the United States, and may not be inferior to Hong Kong's real estate in terms of profits.

"Okay, then I'll go first." Chen Zhiwen said that under his own layout before, when the real estate market had not yet taken off, he let Hutchison, Galaxy Real Estate and even Daddy's Hengyi obtain a lot of high-quality assets, and now it is the stage of development, at this stage, Chen Zhiwen does not understand, and will not participate, only need to know the final results and arrange a tripartite audit team to come in to audit the finances, and the rest will be handed over to professional managers.

The era of profiteering in real estate has arrived, and Hutchison, Galaxy and Daddy's Hengyi have long been prepared, plus their absolute confidence, roll up their sleeves and do it, then they will inevitably be able to obtain more profits than other peers.

Of course, management ability is also one thing, Chen Zhiwen is also constantly poaching teams from several major Chinese-funded real estate companies, and that's all he can do, and the rest depends on whether he makes a lot of money, or is it super much.

(End of chapter)