Chapter 017 [White Wolf with Empty Gloves]
"The land at No. 126 Modu Street, Yau Ma Tei, 6,800 square feet, 245,000 Hong Kong dollars, can build four 5-storey tenement buildings, with a total floor area of 230,000 square feet."
Taking advantage of the fact that the real estate market has not yet reacted, Changjiang Real Estate quickly started to rebuild a piece of land.
According to Lin Zhichao's plan: if the off-plan property is sold, the property on this land can get about 60~650,000 Hong Kong dollars in sales; The entire construction cost plus taxes and interest is about 180,000, so the total investment is 430,000, almost 17~200,000 profits.
This rate of return is already very good, after all, the cycle is only a year and a half.
It was impossible to have this rate of return before, after all, the unit price per square foot was less than about 30 Hong Kong dollars, and the important thing was to take up a lot of time for funds.
"Boss, the Bank of East Asia has released a loan, a total of 150,000 Hong Kong dollars." Finance Zhou Fuzhao walked into Lin Zhichao's office and reported.
Lin Zhichao nodded with satisfaction and said, "Well, this fund will be left in the account for the company's operation and the launch of the Modu Street project." ”
After the purchase of this land, Changjiang Real Estate's account was empty again, so there was no way to buy about 400,000 Hong Kong dollars of land. Unless you look at the land first, you can sign the contract after taking the BEA loan.
But obviously, this is a bit risky, and Lin Zhichao doesn't want to do it yet.
Zhou Fuzhao breathed a sigh of relief in his heart and said, "Okay, I will arrange the finances." If the funds for the mountain road project are returned, the company can buy the land again. ”
Every two months, 15 property owners on Shan Lin Road have to deliver a total of a little more than 50,000 Hong Kong dollars to Cheung Kong Real Estate, which will be paid in five installments.
Lin Zhichao waved his hand and said: "I'm afraid that the land price will have to rise, and there will be few profits in the end, so it is not worth the risk in the later stage." Of course, if there is the right opportunity, you will not miss it. ”
Originally, the land price in Hong Kong was high, and now it is possible to sell off-plan houses and strata, and the land price will definitely rise, so the later it is, the thinner the profit of the real estate developer. Unless you acquire land this year, or in recent months, you will not be profitable.
And in the second half of 1949, Hong Kong real estate may start to fall, after all, the army is on the other side, people are uneasy, and gold is obviously more suitable for 'walkable assets'.
In 1950, the peninsula was not quiet, so the real estate would slump until 1953.
Based on these trends, Lin Zhichao would not have bought land to develop real estate at the peak in 1948; At that time, it was time to think about speculating in gold and shipping.
After Zhou Fuzhao left, Lin Zhichao couldn't help but pick up the newspaper on the table, this morning's news - "Hong Kong Government Cancels Hong Kong Gold Free Import and Export Trade", this news is an important event that kicked off the three-year rise of Hong Kong gold.
There is a place for gold speculation in Hong Kong, that is, the 'Hong Kong Gold and Silver Exchange Society', which even Americans sigh about. Lin Zhichao plans to see and see, after all, he knows some useful information, which can become an important cornerstone of his profits.
"Knock Knock"
"Come in"
Hu Zhaoxu walked in with a smile and said, "Boss, there is an old residential site for sale in Causeway Bay, only 3,500 square feet, which can build two tenement buildings. ”
Lin Zhichao was not interested, and said casually: "Forget it, this project is too small!" ”
In fact, the company's funds can no longer support it.
Hu Zhaoxu said 'oh', saw that the boss was afraid of the small land, and then said casually: "There is a 40,000-square-foot residential land for sale in Happy Valley, and the owner is the He Dong family. ”
Now that off-plan properties can be sold and strata sales, Hong Kong real estate developers obviously see the business opportunities here, and everyone no longer regards real estate as an unpopular business, and is gradually becoming active.
Lin Zhichao's eyelids jumped, and he said quietly: "Has this land been sold?" ”
Hu Zhaoxu shook his head and said, "There shouldn't be yet!" ”
Lin Zhichao said seriously: "You go and inquire about the news, and then tell me the situation!" ”
Hu Zhaoxu was surprised in his heart, could the boss still come up with a million Hong Kong dollars and dare to fight the idea of this land.
Of course, he wouldn't think that the boss had the strength to eat this piece of land, after all, he had this strength, so why not buy a large amount of land before.
"Okay, I'll inquire right away!"
After Hu Zhaoxu left.
Lin Zhichao banged on the table because he wanted to do the Happy Valley project.
A few small projects of tenement buildings are obviously no longer able to exert much technical content; On a 40,000-square-foot site, at least 25 five-storey tenement buildings can be built.
This is a big project, if it can win this project, Cheung Kong Real Estate will lay the 'leader' of Hong Kong's real estate development in one fell swoop, and its influence is incomparable.
He needs that kind of influence!
At the same time, Lin Zhichao still does not plan to sell his 34 pieces of small yellow croaker (2265 taels of gold, 37.5g for 1 tael).
Well, he has no money!
If it were someone else, it would definitely give up.
But Lin Zhichao, as a later generation, knows that there is a practice called 'empty gloves white wolf' in real estate.
Thinking of this, Lin Zhichao decided to give it a try!
........
Lam Chiu-chiu and Wu Siu-chu came to the 'Tung Sang Building' in Wan Chai, which is the property of the Ho Tung family and the office of Ho Tung Real Estate.
For the 40,000-square-foot plot of land in Happy Valley, He Dong adopted the on-site bidding method, and the highest price was won.
He Dong is currently the 'Chinese leader' in Hong Kong, the 'richest man in Hong Kong', and the knight of many countries, with a very high status. And Ho Tung is very fond of investment properties, such as Tung Ying Building in Kowloon, Tung Sang Building in Wan Chai, Tung Shing Building, etc., which can be called a real estate tycoon.
Because of his relationship with the government, he knew some of the government's plans, and bought some remote land and properties in advance, and when the government's plans arrived, these lands and properties would rise, and he would take the opportunity to sell them.
He Dong is a mixed-race child, his father He Shiwen is a foreigner, and his mother Shi Shi is a legendary Chinese woman (He Shiwen is her third man). In that era, mixed-race children were looked down upon by society, so He Shiwen arranged He Dong's mother and son to live in a tenement building outside, but He Shiwen was a responsible man, and arranged for his children to study and learn English from an early age.
He Dong worked as a teacher and customs officer in his early years, and at the age of 20, he jumped to Jardine Matheson as a comprador and began to make a fortune. The so-called 'comprador' means that foreigners want to do business with Chinese people, but they don't want to deal directly with Chinese people (look down on them), so they select people with outstanding ability from Chinese people as intermediaries, that is, compradors.
Compradors, who belong to the 'high-class Chinese' in Hong Kong, can speak English, are appreciated by foreigners, and not only work for foreign companies, but also make their own money.
Because of this, when Ho Tung was working as a comprador of Jardine Matheson, he made his fortune on a piece of land, and he doubled as an intermediary, selling it at a record price of 435,000 Hong Kong dollars in Hong Kong, and then he took a 1% commission from buyers and sellers, totaling 8,700 yuan, and made a fortune in 1890, when he was only 26 years old.
After that, He Dong attacked from all sides, on the one hand, he was the comprador of Jardine Matheson, and on the other hand, he was doing his own business. Because Jardine Matheson relied on Ho Tung's ability, when many employees complained, Jardine Taipan also said, 'Robert (Ho Tung) is a business wizard, I can't think of a more suitable candidate'.
He Dong was already worth 2 million Hong Kong dollars when he was 35 years old, and by 1900, the 38-year-old He Dong had a net worth of 5 million Hong Kong dollars, becoming the richest Chinese businessman in Hong Kong.
Under the guidance of the staff, Lin Zhichao and Hu Zhaoxu came to an office building, where there were already people sitting and waiting.
"Mr. Lin, please wait a moment, Manager Li will talk about the bidding rules later!"
"Okay, thank you!"
Lin Zhichao looked at the waves of people inside, all of whom were Chinese, but they were thinly connected and didn't know each other.
A short and fat man got up, came to Lin Zhichao, and said with a smile: "This young man, you are Mr. Lin Zhichao, who invented tiered sales and off-plan sales, right?" ”
Lin Zhichao saw that someone was speaking with a Chaoshan accent, so he said: "It's Lin Zhichao below, are you?" ”
Liao Baoshan said: "My name is Liao Baoshan, I am in the business of rice, oil, salt and cloth, and I have also been doing real estate for several years. ”
It's him!
Lin Zhichao pretended to be honored and said: "It turned out to be Liao Sheng, I am fortunate to meet you." I heard Jian Lao talk about you, and he said that you are a standard green (outstanding) figure in Chaoshan. ”
He lifted Jian Dongpu out, and naturally said that he also had a backstage.
At this time, these people have not really become a generation of heroes and tycoons, including Chen Weinan, the president of the Chaoshan Chamber of Commerce, and they have not really achieved a hero.
To be honest, Lin Zhichao doesn't feel that he is in the same era as Li Chaoren, Shark Courage, Li Shauji, and Guo Desheng's 'four families', but he feels that he is competing with Chen Weinan, Liao Baoshan, He Shanheng, Airship Tai, and Xu Aizhou.
Don't look at his weak strength now, in the fifties, when these people see him, they may shout 'Sir Lin', 'President Lin', 'Big Guy Lin'.
Liao Baoshan said politely: "Elder Jian is my benefactor, I didn't expect Lin Sheng to get his ear to face him." Lin Sheng, if you hadn't changed the way Hong Kong real estate was done, we wouldn't have dared to come and get millions of land. However, Lin Sheng is so strong! ”
Back then, when he bought the real estate, Jian Dongpu gave great support.
At this time, another group of people stood up, walked towards Lin Zhichao, and said in a bad way: "Mr. Lin, I don't know which big family you are, but this bid will cost millions of Hong Kong dollars?" ”
After speaking, an expression of you are rich.
Liao Baoshan played a round at this time and said: "We are all partners in development, and Mr. Lin may also have a partner!" Lin Sheng, let me introduce to you, this is Mr. Zhang Jun, who is engaged in real estate. ”
I don't know!
Lin Zhichao's first reaction was.
"Look up for a long time, look up for a long time! It was only here that I learned that this piece of land is so valuable, I definitely can't get a million, and I don't have a partner, so it seems that there is nothing to be gained today. Feel free, just don't see me as an adversary! ”
Seeing that Lin Zhichao was sincere, everyone immediately laughed.