On Saturday, Lin Zuhui, Zheng and his son, and Cha Jimin and his son came to the Discovery Bay Golf Course.
Discovery Bay is so big that it was still not fully developed after 40 years of development by Hong Kong Industrial Development in the previous life. However, Cha Jimin was not strong enough and almost half of all the project profits were taken away by New World Development.
In this generation, New Era Group has also participated. In recent years, the three companies have formed an iron triangle to jointly develop Discovery Bay.
A few people were sitting in the club, drinking tea and chatting, mainly discussing business matters.
Cha Maosheng was a little anxious about the delay in passing the airport plan, so he couldn't help but complain.
Lin Zuhui explained: "It will definitely pass this year, because Hong Kong's economy can no longer be delayed. What's more, as far as the current situation is concerned, everyone knows that Discovery Bay has a very good prospect, so there is no need to worry about the fourth phase and the fifth phase. You can’t get a good price for futures sales.”
Before the airport plan was announced in 1989, housing prices in Discovery Bay were only more than 500 yuan per square foot. Last year (1990), they were sold for 1,000 yuan per square foot, far exceeding the original agreement of 650 yuan per square foot. ruler.
However, the Cha Jimin family still has a large amount of undeveloped land in Discovery Bay, so they naturally hope that the new airport plan will be implemented as soon as possible.
Cha Jimin said: "I also believe that the new airport plan can be released this year. It is said that the two sides have secretly started communicating."
Zheng Yutong said: "This is inevitable. Kai Tak Airport is almost overwhelmed. I believe both parties can see that."
Kai Tak Airport has long been the busiest airport in the world. In the late 1980s, a new airport plan had to be proposed. However, this involved a game between China and Britain, and the matter was a bit complicated. However, in the past year, there has been a loud voice from the public, so again The two countries have to consider the economic needs of Hong Kong.
Everyone is very optimistic about the prospects of Discovery Bay, and the follow-up will inevitably involve the participation of New World Development and New Era Group, so we must continue our long-term cooperation.
In the past life, some people even regarded the Discovery Bay project as the signature of New World Group, because in residential projects, New World Group actually gained greater profits. However, due to lack of strength, Heung Kong Industrial could only find cooperation with large real estate companies to turn residential projects into projects. Share a portion of the profits. Xiangjiang Industrial can not only enjoy the residential profits, but also obtain all the rights and interests of the commercial part.
The Cha family's idea is very simple. As long as they sell their residences, their Discovery Bay will become popular. Then they can build comprehensive projects such as hotels, shopping malls, golf clubs, office buildings, etc., and they can collect rents in the long term.
During this period, everyone inevitably discussed the real estate situation. Lam Cho-fai described Xiangjiang's real estate prospects as "ready to go", which made everyone more confident.
In fact, almost everyone knew at this time that the real estate industry in Xiangjiang was about to explode, because the Gulf War was about to end.
At this time, Cha Jimin said: "What do you think, Mingli Group (the parent company of Heung Kong Industrial) plans the Hua Xia Dyeing Factory on Castle Peak Road in Tsuen Wan into a comprehensive residential and commercial project?"
Lin Zuhui clearly saw that the Zhengs and his son were very excited, and they had some reaction at this time - New World Development did not have much reserve land.
However, New World Development is now heavily in debt (10 billion), and its profits plummeted last year (1990), reducing by 50% to only 500 million. Even Hang Lung did not outperform.
The Ramada Hotel alone lost more than one billion Hong Kong dollars. I heard that Zheng Yutong has slowly started to work recently, and he is afraid that he will return to the industry.
Zheng Yutong immediately said: "The project is very promising. The economy in Tsuen Wan is developing very fast. Isn't Zu Hui's New Era Group going to develop large-scale commercial projects? It just so happens that you are located in the south and north, occupying a favorable position in the commercial center of Tsuen Wan. "
There is no comparison at all. The location of Hua Xia Dyeing Factory is too poor, the transportation is inconvenient, and there is not much commercial area to build. However, the Tsuen Wan Plaza and Tsuen Sun Plaza planned by Lin Zuhui have a beautiful environment, a park for rest, and are adjacent to the sea and the MTR. , KMB, and minibuses all have their terminus there.
It can be said that the project built by Lam Cho-fai is comparable to the value of the Wanguo Baotong Center in Central, or even higher; and this does not include the two residential projects.
Cha Jimin looked at Lin Zuhui again, because Lin Zuhui's eyes were much more sinister than those of the Zhengs and his sons.
Lin Zuhui said with a smile: "We can save hundreds of millions by negotiating with the Hong Kong government as early as possible on the land subsidy fee. The project cycle is planned for five or six years, and the profits will roll in!"
Zha Jimin said: "The land compensation fee is probably two to three billion, right?"
Lin Zuhui said: "It is estimated to be more than 2.5 billion. Now that the Hong Kong government is smarter, it is difficult to take advantage of them. And the longer it is delayed, the more expensive the land compensation will be, and there is no room for negotiation!"
Lin Zuhui was not wrong. In his previous life, this piece of land cost a total of 3.8 billion, and could only build 1.6 million square feet of floor area (residential) and 900,000 square feet of commercial floor area.
The Chas and his son took a breath. It was inevitable that they did not have the strength to develop alone. Moreover, they were not good at bargaining with the Hong Kong government departments.
Cha Jimin said: "I plan to cooperate with you two, what do you think?"
Lin Zuhui first expressed his position: "Uncle Tong is the introducer of our two families. New World Development will take the lead in this project. New Era Group can participate in any way. I can also participate in making suggestions."
The Zhengs were immediately very happy. They could see that although the relationship between Cha and Zheng was older, Cha and his son believed more in Lin Zuhui's overall view. To put it bluntly, Cha might want to cooperate with New Era Group more, because This way you can make more profits.
Zheng Yutong also confessed at this time: "In the past two years, New World Development has indeed missed a good opportunity to reserve land. I have recently been looking for opportunities to cooperate with some government units and social groups. Since this time it is our three-party cooperation again, then We, New World, will take the lead.”
Zheng Yutong didn't like top prices, so New World Development never made any achievements in the auction house.
Lin Zuhui is different. He is a big friend of real estate. It is almost impossible for any large-scale commercial business to escape his grasp.
He also has to take part in any large-scale development real estate land to form a consortium to win the bid.
There is no way, New Era Group has sufficient cash flow, and it is impossible to let it go moldy on the account.
Judging from the recent situation, if the Hong Kong government conducts official land auctions, the possibility of cooperation between New Era Group and Sino Properties is very high for large-scale residential projects.
Because neither party wants to set a too high price at the auction.
Zha Jimin added: "I want to reserve a piece of land as a commercial building. I plan to build the Zhongran Building. I plan to let Mingli Group hold this project alone, so although this project is planned as a whole, the commercial project belongs to us Mingli The group owns it alone!"
"Of course!"
To put it bluntly, the two large real estate developers just want to make a quick buck and will not hold equity in commercial buildings.
Cha Jimin finally said: "I think Zu Hui is right. The earlier we negotiate with the Hong Kong government, the more land compensation fees can be reduced. Let the three parties formally negotiate as soon as possible!"
Zheng Yutong nodded and said, "Okay, let's do it next Wednesday!"
Soon, everyone agreed on another project.
Even if this project only holds 20% of the shares, Lin Zuhui believes that he can earn 1 billion, because the housing prices in Xiangjiang are rising too fast. By the time the first phase of sales goes on sale in 1993, I am afraid it will have risen to around 5,000 yuan per square foot. , but the current one in the same location is only about 1,800 yuan square feet.
Loans are rolling in!
........
Over the weekend, the Furama Hotel's Jade Room hosted an auction, presented by Christie's.
Lin Zuhui and Da Liu formed a group and came to the Jade Hall, which immediately attracted the attention of many people.
At this time, rumors about Liu's love affair had spread. A certain actress called Mrs. Liu nine times and cursed her, "Why don't you die?" Mrs. Liu couldn't hold it back, so she made the news in the media.
Lin Zuhui secretly exclaimed, Xiangjiang's entertainment industry has no one to support Zhang San, but Li Si.
The social atmosphere is such that everyone loves money, and the supremacy of money is played to perfection here. Of course, the more developed the place, the more so. Many years ago, there was a book "How to Marry a Millionaire?" in the United States. Published in Luoyang, paper is expensive and sells well in Europe, America and Asia. It can be seen that marrying a rich man has long been a world trend, and in Xiangjiang where money worship is very strong, it is naturally even more so!
After sitting down, Lin Zuhui joked: "How much extra money will I earn from your recent news?"
Old Liu blushed. He had known Lin Zuhui in his early years and was extremely envious of Lin Zuhui's romantic life. However, before the 1990s, because he was still in the development stage of his career, he had no energy. However, in the past two years, he has also been keen on hunting. Entertainment.
But it seems that not everyone is as strong as Lin Zuhui. Women who have never seen other people jump out and talk nonsense, and some only have rave reviews.
"Hong Kong ladies are not economical. You are right! I thought that stupid woman had read a lot and would be well-informed, but I didn't expect that she would cause such a big thing." Da Liu said with a bitter smile.
Lin Zuhui shook his head. It seemed that Yuan Liangliang was instigating it, but he didn't say it out loud.
Liu asked curiously: "How is your Hong Kong girl doing?"
Lin Zuhui said with a smile: "She wants to develop her career, how can I hold her back? We have no contact now!"
Yuan Liangliang definitely did not treat her badly when Lin Zuhui got a house and some luxury goods and jewelry. She still wanted to renew her relationship with Lin Zuhui, but after Lin Zuhui dealt with her severely, she chose to give up on her own initiative. In her opinion,
, this man forced her to leave by saying "he doesn't know how to show mercy". When they broke up, the two of them agreed that they would either become serious friends or find a good man to marry. The reason why Lin Zuhui made such a request was because he was worried that she would still be played.
However, he believes that before he really debuted (a Hong Kong sister has a one-year responsibility as a Hong Kong sister and participates in promoting Hong Kong's industry, tourism and other activities), he already has a net worth of millions (property), and he will never do that again no matter what.
What's more, how can a man who has seen an eagle fall in love with a little rooster again?
Da Liu instantly understood that this boss always gave up when he saw good things, and he was worried that Yuan Liangliang would also cause trouble!
I am far inferior to him!
Lin Zuhui suddenly said: "The appointment with me today is not just for participating in the auction, right?"
He sees people very accurately, and the details of ordinary people's expressions cannot be hidden from his sharp eyes.
Da Liu nodded honestly, not daring to play tricks, and said: "Huijing Garden is about to open, and I want to be your agent!"
It turns out that the so-called agent is a real estate speculator, getting the price from the developer at a discount of less than 5%.
But don’t think that agents are the younger brothers of real estate developers. In fact, they are not in a cooperative relationship. If a real estate developer does not have the support of agents and real estate speculators, it will definitely not be as good as its peers in terms of sales.
Cheung Kong and Sun Hung Kai are both experts in this field, and they have many agents and real estate speculators.
Of course, the same is true for New Era Group. In addition to not liking to buy off-the-plan properties in the early years, due to its rapid development in recent years and its large supply of residential units, it also has a large number of agents and real estate speculators.
Lin Zuhui said: "No problem, please contact our Director Chen later!"
There are 750 residential units. It doesn't matter if you give Liu 100 sales. Fang Jin also has a quota of 100. This is a must-make business. You can get about 80,000 yuan from a unit immediately if it is sold, and you can get 20,000 yuan a month.
Ten thousand.
Da Liu nodded happily and said, "Okay!"
Huijing Garden is a large housing estate, which is a high-quality property for agents, and it will be a huge profit for one year.
A unit with an increase of 20% does not mean that it only earns 20%. Because it is purchased with a loan in installments, HK$1 million can do things worth HK$5 million.
Because of this, there are so many real estate speculators and agents in Xiangjiang. Currently, real estate speculators account for 50% of the market purchase share, and will continue to increase.
Many ordinary people buy houses from second-hand and third-hand dealers!
We provide you with the fastest update of "Xiangjiang New Wealth" by the great master Ren Zhufei. In order that you can check the fastest update of this book next time, please be sure to save the bookmarks!
Chapter completed!