309 Crazy Hong Kong property market
In Hong Kong in mid-May, the weather temperature has begun to heat up, many beautiful women began to wear beautiful short skirts, and the flight attendants at Cathay Pacific Airport also changed into very elegant professional clothes.
"Have you heard, Chen Zhiwen bought a 747 as a private jet in Boeing, USA." Several flight attendants got together and stood next to the glass plank road to chat, with obvious professional clothes and high-quality bodies and faces, which suddenly became a beautiful scenery for the men around.
"747 aircraft? That big plane, do private jets? A flight attendant was surprised and said, "The space in 747 is at least 4,000 square feet, right?" ”
"Yes, this is a castle in the sky, the plane arrived in Hong Kong this morning, and the health department sent a few people in to clean it, and it is said that the luxury cannot be described in words." The stewardess who brought up the topic said.
"Where's the plane? Can we go and see? Another flight attendant said.
"It's gone, our airport is too small, there is no way to lease a parking space for a long time, it is said that I flew to Wanwan, and I don't know when I will be able to come next time."
"It's definitely coming, and next time we have the chance, we'll go in and have a look."
"You think it's a playground? Go in if you want to? ”
"Cut, there must be a flight attendant on such a big plane, right? Maybe I'll be able to apply? ”
"You little girl looks so beautiful, you get on someone else's plane, but be careful."
"Careful? Is that something that the richest man Chen should be worried about? ”
"Hahaha, you little girl"
"Another thing, I heard that Chen Zhiwen invested in a company in the United States, which recently went public and earned 300 million US dollars."
"$300 million? HK$1.4 billion? No wonder it's time to buy a private jet. ”
"$300 million is just a drizzle!"
"If only Chen Zhiwen could take a fancy to us, it's okay to be small!"
"Stop dreaming." All laughed, attracting the attention of more people nearby, but there were more and more people nearby, and the flight attendant door was afraid that the partition wall would have ears, and it would disperse after a while.
With his own private jet, Chen Zhiwen's first feeling is that the jet lag is basically gone, because on the plane, he can rest and sleep with peace of mind, or play games with the flight attendant, a thousand miles a day.
Maybe it's only a day to fly, only a few times or a dozen times a year, but just this time, for him, is worth more than the Boeing 747 itself. A high and comfortable flight can save a certain amount of boredom in life.
During the period when he left, the most famous thing in the Hong Kong stock market was that Wharf officially announced the privatization plan, but in terms of price, it caused dissatisfaction among some shareholders, and the two sides were also in the process of negotiation.
Hong Kong's real estate has also been in a very peak position, a large number of overseas funds from abroad poured in, accelerating the rise in prices, Hutchison, Wharf, Galaxy Real Estate three real estate business, in the first quarter of the profit rose by more than 50% year-on-year, its rent-collecting business income is also soaring, at present, Chen Zhiwen's rent-collecting real estate is also a lot, but divided into three, and after the privatization of Wharf, this piece still needs to be reorganized.
The Hong Kong government's real estate auctions in the past six months have also hit new highs, especially for the land along the subway, dozens of consortia have competed together, and there has been a very hot scene.
However, Chen Zhiwen's real estate company did not participate, because this is Chen Zhiwen's business left to his old man, Hengyi Real Estate has made a lot of money since the first time it obtained the subway property development rights in Admiralty, and then Chen Zhiwen's financial support, plus the successful cooperation history with the subway company, and then repeatedly photographed the development rights of the new subway station, especially the investment in gold futures, Hengyi also has a small share, and the return is also very rich, which further increases the scale of Hengyi.
Although it is not listed, Hong Kong's real estate companies have regarded Hengyi as the sixth tiger of Hong Kong's real estate, and this tiger is particularly terrifying, because the strength behind him is stronger than HSBC.
"You mean, let me give up the auction of subway properties in the future?" In the Chen family villa in Clear Water Bay, Chen Tianfu personally made tea for his son and prepared some fruits, and the two chatted.
When Chan told his son that he was going to auction the land of three MTR stations in Tsim Sha Tsui, he was stopped by Chan Chi-man.
"It's not absolute, if you can complete the development in one and a half years and get rid of all the properties, then you can participate in this auction." Chen Zhiwen explained.
"You mean, in a year and a half, the real estate industry in Hong Kong will not be able to do it?" Chen Tianfu's current success, although he relies on his son to a certain extent, he himself was self-made at the beginning, so he can naturally understand what his son meant.
"Almost, Hong Kong's real estate has always been cyclical, as early as last year, the average price of real estate exceeded 1973, and it stands to reason that it is almost about to collapse, but because of the reopening of the mainland, Hong Kong has become a springboard for global businessmen to cooperate with the mainland, and a large number of foreign capital has poured in, which delays the outbreak of the real estate crisis, a year and a half is my guess, and it is best to get it within a year." Chen Zhiwen replied.
Hong Kong's real estate market, this wave of bull market began in 1975, to now, the average house price in Hong Kong has risen 4 times, and even risen to five or six times in some areas, this increase is so high that the Japanese market in the late 80s can not be compared, but after all, it is just a city, the basic market is a little too small, and the popularity is not high, otherwise it would have been washed by international capital.
"A year is too short, a year and a half, in fact, it is also a bit dangerous." Chen Tianfu hesitated a little and said.
"Can't you build a house faster? Start work within 24 hours, can't find more construction teams? Chen Zhiwen asked.
"In ordinary real estate, this operation is feasible, but the subway station is not." Chen Tianfu shook his head and explained: "The price of the subway station land is very high, and it is necessary to build a high-rise building for sale to recover the cost, but the land itself is not very good, and the construction of a high-rise building needs to prepare a strong foundation, which takes a long time, no matter how many people there are, it is useless, and the construction of the subway is more time-consuming, and the building is built too early, but the subway has not yet arrived, and the price will not be high if it is sold, and if it is not unified, it will be a loss." ”
"So that's the case, if it's really too late, then don't invest." Chen Zhiwen said that now that Hong Kong's housing prices have skyrocketed, and the subway is the place where the flow of people is the most concentrated, the investment in this is often more than one billion Hong Kong dollars, and most real estate companies can only form a consortium to participate, otherwise they can't afford to play at all.
If there is no profit from gold futures, it is any company owned by Chen Zhiwen, and if it encounters such a failure, it will also be greatly damaged. In the 70s, many real estate companies that were once as famous as Li Jiacheng were brought into the ditch in the next wave of real estate crisis, such as Hang Lung Real Estate, which invested a lot of money to buy 9 subway properties, and then encountered a halving of housing prices, with a blood loss of 2 billion Hong Kong dollars, and the entire company will almost not be able to turn over in the next ten years.
Considering that in the middle of next year, Hong Kong's real estate market will have a big stagflation, and now Hong Kong's land prices and housing prices are already at a high level, from the data point of view, from today to 1982, land prices will rise, but the increase is far less than before, Chen Zhiwen feels that it is no longer necessary to invest a lot of money now and take risks to make the last profit that is not very high.
"Okay, I'll listen to you, recycle the capital, and hold the cash in your hand." Chen Tianfu nodded and said that once the strategic planning is made according to the real estate crisis that will soon break out in the future, then it is natural to have a large amount of cash in hand, sell high and buy low, which is the norm in the real estate market.
"I'm not in a hurry to recycle, I can do what the previous projects should do, or some cycles within a year can also be invested, Hengyi is so big, you can't do nothing at all, right?" Chen Zhiwen said with a smile.
The collapse of Hong Kong's real estate market began in September 1982, but it reached its peak in mid-1981, and then the transaction volume began to decline significantly, but because many large conglomerates are still optimistic about the future of Hong Kong, a large amount of capital has been invested, so they have pulled down housing prices, such as the original historical Land, and invested heavily in large-scale real estate projects after 81 years.
It's just that history has changed, the current Jardine Matheson is completely different from the original history, it is difficult to say whether it will continue to do so, anyway, during the highest rise in the real estate market before, they have basically followed the general trend of development a lot, and now, it is still necessary to consider the risk, and it is the best choice to invest in projects that quickly return on investment.
Although there is still a year to go, it is still necessary to prepare in advance, after all, it is not a house speculation, this situation can leave the market in the last few months, and normal real estate company projects have cycles, and you need to prepare a lot in advance to complete the exit.
"That's just as well." Chen Tianfu nodded, and said: "By the way, your uncle invited me to invest in Yanjing again, I thought about it, there is nothing to invest in, why don't I go to Yanjing to build a hotel?" ”
"Yes, but there are no other requirements for building a hotel, especially the title and the like, just build it as a joint venture." Chen Zhiwen reminded.
At present, in addition to the industrial and infrastructure joint ventures, there is really nothing to invest in other aspects of the country, in the original history, Hong Kong tycoons built hotels everywhere in the country, in fact, this is the reason.
But the more unlucky one is Bao Yugang, who made a request that seemed normal to him, but he was stuck, and it was not good to take it back, and now he can only wait for news.
"I've heard about Bao Yugang, don't worry, I'll just take an ordinary name." Chen Tianfu said with a smile.
"Actually, there is nothing to invest in Hong Kong in recent years, Dad, you can consider going to the big cities in the mainland to build some hotels, like Shenhai City, you don't need to be super prosperous, just be able to meet the basic requirements of foreign business." Chen Zhiwen thought for a while and suggested.
"Okay, I'll think about it." Chen Tianfu nodded, for his son's opinion, he will basically be cautious, after all, it is too good, with Hengyi's 500 million Hong Kong dollars, the result is 1.5 billion in a year, a company invested hundreds of thousands of dollars a few years ago, and now it is listed and earns 300 million US dollars.
"Actually, Dad, do you want to consider listing in Hong Kong?" Chen Zhiwen said suddenly.
PS: Continue to ask for a monthly pass
(End of chapter)