Chapter 231 [Real Estate Collapsed]
It's summer vacation again.
On this day, in the conference room of Cheung Kong Industrial, Lin Zhichao introduced to the people present: "This is Lin Xin'er, interning in the project department of 'Miramar Hotel' this summer. ”
Last year, Cheung Kong set up the 'Miramar Hotel' project department, and the manager is an internally trained real estate talent named Liang Guangchang. This project department is also the management structure of Miramar Hotel Company in the future. The Miramar Hotel Company, which includes the Miramar Hotel and Miramar Shopping Center, will be an important subsidiary of Cheung Kong Asset.
Miramar Hotel needs a professional hotel management team, Lin Zhichao plans to hire a Western hotel management team as a consultant (the cost is 4%~6%), and pay the consultant fee every year; Of course, I will also cultivate a real management team and recruit Chinese hotel management elites.
He believes that Chinese people can also do a good job in hotel management, but in order to do better, of course, they must learn from the experience of Western hotel management. Utilising the Miramar Hotel in Hong Kong, we will train a large number of hotel managers within the group, and lay a solid foundation for the establishment of Shangri-La Hotels in the future.
Liang Guangchang immediately said: "Okay! Then he said to Lin Xin'er: "Lin Xin'er, welcome to join the team of Miramar Hotel." ”
Everyone understands that just by listening to the three names of 'Lin Xin'er', you know that you have a lot to do with Lin Zhichao. Looking at Lin Xin'er's age, she must be Lin Zhichao's sister.
Lin Xin'er hurriedly bowed and said, "In the future, please ask your bosses and colleagues to give me more advice!" I was still a junior at the University of Southern California, and in the second half of my senior year, majoring in business management and marketing. So I don't understand a lot, so please bear with me and direct me more. ”
Everyone responded quickly, and most of them were words of encouragement!
The boss does not avoid his sister joining the company, it is definitely not to run errands and do chores for everyone, but to learn; This point, everyone is a human spirit, and it must be clear.
Subsequently, Lin Zhichao announced the official start of the meeting, and Lin Xiner also found a place to sit down, holding paper and pen, excited and apprehensive.
The content of the meeting is very simple, that is, Lin Zhichao's requirements for the interior design of the hotel building.
The 15-storey Miramar Hotel Tower was designed by a professional hotel designer, but Lin Zhichao was also involved and contributed his own ideas.
Lin Zhichao copied an idea, using the round glass windows of the later Jardine Building, that is, the round glass was embedded in the concrete wall as a window. The exterior wall is easy to detach, and the exterior wall is also wrapped in metal.
For a long time, many rooms in the hotel had a sea view. Therefore, as Lin Zhichao put forward his requests one by one, the cost also began to rise.
But Lin Zhichao doesn't care, even if the cost is as high as 40 million Hong Kong dollars, he wants to make the Miramar Hotel and shopping center a 'classic'. In the mid-60s, the cost of the nearly 600,000-square-foot shopping mall in Harbour City was only 60 million Hong Kong dollars.
Therefore, if the cost of Miramar Hotel is 40 million, it is already very high.
After all, he knows that hotels and shopping malls are very profitable, and the Miramar Hotel in his previous life was so 'poor', and it was listed and financed in 1972, and it also raised 150 million yuan, which is much more financing than the 'Real Estate Five Tigers', and of course, it is necessary to consider how many public shares to come out of the market (minimum 25%).
After the listing, the financing was used to purchase the land opposite Campari Road, which could be redeveloped by Miramar. As for the original site of the Miramar Hotel, in the late 80s, it was supposed to be rebuilt into a combination of shopping mall and office towers.
Because, with the relocation of the airport, the plot ratio is bound to increase, and a larger commercial area can be built.
If it weren't for the fact that it could have increased a very considerable floor area, it would have been completely rebuilt without spending a lot of money.
At this time, the Miramar Hotel project was designed with a floor area of 500,000 square feet (680 rooms) and a shopping mall of 280,000 square feet (180 shops).
In the future, we should be able to increase the floor area by 50%!
That same evening.
When Lin Xin'er returned home, she immediately ushered in a shush and warmth.
"Xin'er, did you bully you on the first day of work?"
"Xin'er, did you work the first day?"
"Xin'er, what are your habits on the first day of work?"
Two sisters-in-law and one mother stepped forward to care.
Even a few sensible nephews surrounded their aunt and cared about it.
Lin Xin'er was suddenly moved and wanted to cry, but she already knew independence and responsibility, and immediately said: "Very good, everyone is very good to me!" My brother introduced me directly to the meeting at the meeting, and everyone understood my identity and naturally cared for me. ”
In fact, everyone is not all guessing Lin Xin'er's identity, and the working atmosphere of the company itself is also good; And the project manager Liang Guangchang did not give special treatment, arranging a Lin Xiner to a female employee; After all, he knows that everything has to rely on work to speak, and the boss attaches great importance to the employee's own strength and work status, and does not like to make sycophants.
Lin Zhichao said on the side: "Okay! It's just a summer internship, not a big deal! ”
When she got home, Lin Xin'er was a little more open in front of her brother, and said, "Brother, you should quietly arrange to go in and not let everyone know my identity." Also, how can there be ordinary employees to work, and the reason for the driver to pick up and drop-off, I can also drive. ”
Lin Zhichao immediately said: "Come less, obey my arrangement!" The one you said is that boys should do this, if you are a girl who pretends to be an ordinary person to enter the company, the harassment of the opposite sex alone is enough to annoy you. ”
Lin Xin'er could only obey immediately, of course, she also understood that what her brother said was very reasonable.
There are only one or two female employees in the Miramar project department, and the proportion of female employees in the entire Cheung Kong Industrial is estimated to be only about 10%.
Subsequently, everyone continued to ask Lin Xin'er about the situation she encountered in her work today, and she was very concerned.
After all, Lin Xiner went to the internship as an ordinary employee, while Tang Caiyun and Xu Caiying went to work in the company purely as the boss's wife, and the nature was different.
Lin Xin'er also told everyone that the overall senses are very good!
Another half a month passed.
On this day, Li Kangjie hurriedly came to the cooperative lawyer's office.
"Lawyer Guan, why didn't you pay our installment this month?"
Lawyer Guan Zuyao (British) immediately said solemnly: "Mr. Li, many owners who have bought your house have come to our law firm to express their worries, worried that the residential building will not be completed as scheduled. Therefore, we act in the interests of the buyer and freeze the buyer's funds. According to our research, the funds you have collected from the property you have sold are enough for you to complete the project. ”
Li Kangjie was shocked, and hurriedly said: "Lawyer Guan, this is not the case, if you freeze the buyer's money and pay us, it will make our company in big trouble." ”
Guan Zuyao is a lawyer who adheres to the law and principles very much, and he said directly and seriously: "Mr. Li, we are the buyer's lawyer and are responsible for the buyer. They are worried that you will be using your money to invest in other properties and have filed a complaint against us, so we have to consider their interests. And I need to tell you that you have to complete the property that has been sold, otherwise you will be the defendant. ”
Seeing that the lawyer did not enter, blindly emphasizing that the sale of the real estate must be completed in order to get follow-up funds, Li Kangjie suddenly thundered like five thunderbolts.
In recent times, both land and house prices have fallen. The original owners of some land plots have asked him to pay all the remaining balance payments, and on the other hand, it is difficult to sell a single unit of the house, and the Great United Real Estate Company has fallen into a difficult situation of having no funds.
On the verge of bankruptcy!
The thought came to his mind, and he shuddered.
Originally, if the installment funds were paid to Da United Real Estate, they would be able to survive for a while; And now, there really is no way at all.
Back at Da United Real Estate, He Xian was anxiously waiting.
"What's the matter, why hasn't the law firm sent us the funds yet?"
Li Kangjie said numbly: "Lawyer Guan Zuyao said. Therefore, they have to freeze our funds for the time being, and they will not be able to pay us until the house is successfully delivered. ”
He Xian was suddenly shocked and said: "Without funds, how can we complete the project under construction?" ”
"What he means is that the funds given are enough to build the projects under construction in front of him!" ”
He Xian understood, because Da Lian picked up the funds from the previous real estate to buy a new site, so the law firm will not care so much about you; And the new property has almost only paid off a down payment on the land, and either has not been sold or has not been sold.
"What can I do?"
Li Kangjie glanced at the anxious He Xian, and suddenly had an idea, and said: "He Sheng, you have a good relationship with Hengsheng Yinhao, can you borrow another amount of money from them, let's stabilize the company first." ”
He Xian suddenly said angrily: "Don't think about it! Now that Hang Seng Silver is urging me to repay the money, how can it be possible to lend it to me! ”
Li Kangjie said unrelentingly: "No, He Tian of Hang Seng Bank is your brother, and He Shanheng has been your friend for many years." ”
He Xian immediately said: "So what, now all banks are worried that they will not be able to protect, Hang Seng Silver has loaned so much to real estate companies, they are now dying, if the money cannot be recovered, their brothers' decades of hard work will be ruined." Not to mention brothers, even parents have to pay back the money immediately. ”
He Shanheng is indeed urging He Xian to repay the money, and the Hang Seng Silver Account finally changed to 'banking business', and now it has not been a few years since this kind of thing was encountered, and several founders died in a hurry.
He Xian then complained: "I regret that I shouldn't have listened to Lin Sheng's advice and signed so many guarantees!" Li Sheng, you hurry up and find a way, you dragged me into the water, and I was so miserable! ”
Li Kangjie trembled suddenly, He Xian's face had become extraordinary, and he was obviously very angry.
He could only reassure: "He Sheng, don't worry! Where is the value of the assets of our large joint company, will it still be insolvent? If you think about it, even if the assets in our hands depreciate a little, we will definitely make money! ”
At this time, the land price and housing prices outside have probably fallen by about 20%, and they have not collapsed.
He Xian breathed a sigh of relief, and then said, "Then hurry up and find a way to guess correctly!" ”
It can only be so, he is from Omen, and he doesn't know that Hong Kong's real estate is also so risky. I knew this was the case, and I didn't say anything about setting foot in Hong Kong.
This time, he guaranteed more than 20 million yuan, and if it was really a full loss, it would be enough for him to return to the street.
Meanwhile.
The same happened to Chan Tak Tai, who bought many of his land with a deposit of 10% and did not pay the land premium.
Since it is not possible to sell the property in advance (the amount of investment is not enough, it is about necessary to invest in the entire land fee, plus one-third of the construction fee), so a unit cannot be sold, and naturally there is no money, and even the land fee cannot be paid, and the original owner even began to threaten to get the land back.
Those small and medium-sized real estate also encountered many situations of Chen Detai and Li Kangjie, so this time it washed away a lot of real estate people.
Hong Kong's land and property prices have already fallen, and no one knows to what extent. And the real reason for the decline is that supply exceeds demand, and as more and more buildings are completed, it will naturally fall.
Every day when the neon is on, Wan Chai kicks off the prelude to the joyful singing. From Fenyu Street to Jaffe Road and Lockhart Road, there are various 'topless' bars, discos and nightclubs, which are full of lights and bustling.
It has always been an ideal place for local wealthy people and foreign tourists to get drunk, and it has also been a gentle place for sailors to linger when British and American warships come to Hong Kong to replenish supplies.
This year, British writer Richard Mason created "The World of Suss Wong", which tells the story of a British painter who comes to Hong Kong and meets a woman named "Suss Wong".
At the beginning of the sixtieth century, this film was arranged into a movie and became popular in Europe and the United States. The heroine's curvaceous figure in a cheongsam, the image of an oriental woman with long hair and a shawl, coupled with her kind qualities, penetrates into the hearts of Western fans.
The successive successes of "The World of Su Si Wong", films, and musical and dance dramas will set off a 'Hong Kong fever' in the Western world.
At present, the number of tourists coming to Hong Kong has not exceeded 100,000, but the Hong Kong government is preparing for the establishment of the Hong Kong Tourism Association, a quasi-official organization, which is expected to be established soon. It is expected that the number of visitors to Hong Kong will exceed 100,000 next year (1958).
Hong Kong's tourism industry is the cornerstone of Hong Kong's economy, which can drive the development of Hong Kong's products, hotels, trade and other industries.
On this day, Lin Zhichao and several real estate friends came to the Six Nations Hotel near the sea in Wan Chai for dinner, and Li Gaofu, Liao Baoshan, and Airship Tai participated. In the real estate circle, there are only a few people who are familiar with Lin Zhichao, and the rest are just nodding friends, and they rarely have contact.
A few people asked for a private room, and then ordered food and drink.
During the dinner, everyone inevitably talked about the situation of Hong Kong real estate at this time.
Liao Baoshan took the lead in leading the topic: "Large real estate developers such as Li Kangjie and Chen Detai have encountered trouble, and I don't know how many small and medium-sized real estate developers have also broken off their funds because they can't 'sell off-the-plan'. ”
There are more than two unlucky eggs, and there are many people who have just entered the real estate and have one or two real estate projects under them, which are waiting to sell the pre-sale properties, and they are also in trouble.
Airship Taiya said: "The problem now is not only the 'sales price' limit, but also the decline in property prices and land prices. Even if it is a sales project, it has to be sold and sold at an affordable price. Li Kangjie and Chen Detai are both developing too fast, which leads to troubles, but fortunately, I developed real estate a little earlier, and the money I made before can fill the project in my hand. ”
When he sold the uncompleted property in Lin Zhichao, he had already thought of the 'public housing deed', so Lin Zhichao sold the uncompleted property in August, and he also sold it in September, more than a month ahead of Li Gaofudu.
As for Li Kangjie, Chen Detai and others, they all entered this industry in early 1956.
Li Gaofu also introduced: "The money I earned before was also posted on the land of the new project, but fortunately I didn't rush in. ”
In fact, he spent 4.2 million yuan to acquire a piece of land in March, and the unit price was already 175 Hong Kong dollars per square foot, which was very expensive. Coupled with the two properties purchased at the end of last year, almost none were sold; Therefore, Li Gaofu also suffered a lot of losses, and it can only be said that it will not affect the entire company and the construction of the commercial building.
The three of them looked at Lin Zhichao, but they knew that Lin Zhichao seemed to have expected this to happen.
Lin Zhichao said with a smile: "Our real estate developers have exaggerated the housing demand in Hong Kong and deceived the public, but we shouldn't even deceive ourselves." In this wave of real estate boom, think about how many residential units have been completed, and what will be completed later, is there really so much demand in Hong Kong? ”
The three of them nodded one after another, although they also knew it later.
Liao Baoshan said: "Although the supply of real estate exceeds demand for a while, in the long run, there are still real estate prospects. As long as we can afford it! ”
These are the consensus of real estate developers, although this is a crisis, but in fact, there are not many people eliminated; Li Kangjie fell silent in the later period, but although Chen Detai was in big trouble, the Dachang Real Estate he founded later was also a large real estate company in the early seventies of the previous life, not inferior to the existence of the Five Tigers of Real Estate.
Because the real estate collapse is purely internal, it is neither affected by international events nor hit by political events.
Lin Zhichao said with a smile: "Of course you Liao Sheng can afford it, and you have plenty of funds." ”
Although the words are not explained, everyone knows it.
Liao Baoshan 'counterattacked': "You Lin Sheng's money is almost all collected, and of course the funds are also very abundant. ”
Lin Zhichao said: "Haha, how can there be! Recently, the law firm is also preparing to freeze our instalment funds, which is also tight. His words were half-false and half-true, and the law firm did intend to freeze it, but after seeing the financial strength of Changjiang Real Estate, he felt that it was not necessary.
Liao Baoshan said: "That group of big people is really admitting death, will Lin Sheng be short of money, really!" ”
The crowd laughed.
Although Lin Zhichao did not open a bank, his relationship with the bank would not be bad.
After dinner, everyone didn't go to an entertainment venue, after all, with Lin Zhichao's identity, if he went to an entertainment venue, it was very unsuitable; Including Liao Baoshan, Airship Tai, Li Gaofu and others, the same.
If you are entertaining, you usually go to a private club.
Walking out of the Liuguo Hotel, more than a dozen young and beautiful cheongsam women, like hungry wolves, were ready to come forward to solicit customers.
Although the Six Nations Hotel is a high-end hotel in Wan Chai, it has two characteristics: there are many thieves and many solicitors.
The women in the nearby Fengyue places like to come here to solicit customers, because there are mostly rich people.
"Blessed are you!" Lin Zhichao teased, and then under the cover of the bodyguard, he walked to his Rolls-Royce.
Liao Baoshan, Airship Tai, and Li Gaofu are only the drivers, and they seem to be a little alone.
Liao Baoshan had an idea, and said from a few women: "The big fish have all run away, what are you still doing here!" ”
As soon as the words fell, several women turned around and chased after Lin Zhichao's car.
It's a pity that the car was already started.
Several women were disappointed, the Rolls-Royce window opened, a wad of money stretched out, and everyone crowded up.
"100 Hong Kong dollars for one person, you share one point for me, and the rest is all yours." Lin Zhichao said to the first woman who grabbed the money.
This woman looks like an old man, with sharp eyes and quick hands!
However, her next words almost made Lin Zhichao vomit blood: "Boss, are you going to charter the venue tonight?" Go to that hotel, we'll be sure to be on time. ”
Both young and rich!
"No need! This is what I gave you. Lin Zhichao then decisively rolled up the window, and then instructed the driver to drive.
In fact, at this time, the bodyguards had already gotten out of the car and were wary of a few dusty women.
After Lin Zhichao's Rolls-Royce car left, the bodyguard also got into the Ford car and followed.
"Big boss!"
"What a handsome boss!"
In a burst of farewell, a group of dusty women finally ushered in the moment of dividing the money, and Liao Baoshan and others not far away were dumbfounded.
As everyone knows, Lin Zhichao regretted dying in the car, and he won't come to the Six Nations Hotel next time.
It's not that he is heartbroken about the money, but that if it is published in the newspaper 'Lin Daheng sends money to the dust girl on the street', the citizens will definitely think about it at that time.
Of course, there are no journalists today!
(End of chapter)