Someone in the court was good at doing things, so Suning took Susan to register a real estate company, and then Susan's husband Michelle brought the approval document for the land in Kowloon. In the end, it only cost 950,000 Hong Kong dollars.
This price is really cheap. The Bank of China Building completed in 1950 cost 2 to 3 million when it was auctioned in 2007, so Suning is very satisfied with this price.
Suning believes that the reason for the emergence of such cabbage prices is not only Michelle's secret operation, but also the recent fear of the British Hong Kong government. After all, they believe that Hong Kong will soon be taken back by the mainland.
Nowadays, many British investors in Hong Kong are selling off their assets, and many land auctions have failed.
When they heard about the newly emerged Su's Real Estate and actually bought a piece of dilapidated land to build residential buildings, many British-funded companies were waiting to see the joke, thinking that Su's Real Estate was an ignorant and fearless act.
Suning owns 60% of the shares of Su Real Estate, and the remaining 40% is registered in Susan's name, so Suning is still the major shareholder of Su Real Estate.
In order to get this piece of land, Suning had already spent all his savings. In order to start construction as soon as possible and collect the funds, Suning once again asked Michelle to bring the land approval document to his friend at HSBC, and then loaned him a thousand yuan as he wished.
Thousands of Hong Kong dollars.
If we follow the normal procedures, Suning can also lend it out, but it will never be so easy, and it won't be so much. A loan of two million is already very good.
Of course, there must be a reason for the half-percent share, because Michelle knew that he had 30% of the shares of Su's Real Estate, so he worked very hard. Without Suning opening his mouth, he took the initiative to contact Land Real Estate Company.
Queen Construction Company.
...
When the time entered May 1st, the villagers of Tung Tau Village in Kowloon discovered the situation in the wasteland next door. The roar of construction machines day and night attracted their eyes and attention, and they all speculated on the situation.
"That land has been vacant for so long.
Now we are working day and night, what are we planning to build?"
"No! You don't even know about such a big thing?
A Su's real estate company is planning to build ten ten-story residential buildings.
An elevator is also installed, and there is a separate kitchen and bathroom.”
"Ah? So good?"
"Yes! If I could live in a house like this in my life, I would be smiling even when I die!"
"Such a nice house must be expensive, right? How much does it cost per square foot?"
"Eh? No one knows the specific situation!
After all, Renren Real Estate Company hasn’t started selling it yet!
However, I heard that the boss of Su's Real Estate is quite strange. He sells houses regardless of the square foot, not the square foot!
I have a fellow villager who works on the construction site there, so he knows some inside information.
There are 60 square meters of two bedrooms, one living room, one kitchen and one bathroom, as well as 30 square meters of small rooms with one bedroom and one living room!
It is said that there is also a 100-square-foot mansion!"
"Oh my God! Such a good house must cost at least 340 square meters!"
"Hey! Take the situation in our Tung Tau Village.
It’s better not to think about such a nice house!”
...
Every day when the villagers of Tung Tau Village get up and before going to bed, they look at the magical construction site. Many people in the Kowloon Walled City not far from here are also paying attention to it.
Seeing ten buildings rising from the ground little by little, they felt beautiful even if they couldn't afford them, because that was their dream and goal.
Hong Kong's population has increased dramatically, and housing has become the most urgent need. The outbreak of the 50-year Peninsula War has become a dividing line.
Fifty years ago, many real estate companies wanted to launch residential building projects, but after 50 years, no company dared to propose such projects anymore.
Therefore, Su's Real Estate suddenly appeared and became an anomaly at the beginning of May 1st. Many people were paying attention to Su's Real Estate's actions, which unconsciously made Su's Real Estate the benchmark for Hong Kong real estate.
The silent Hong Kong was suddenly shocked by a piece of news, because the new residential area "Rugar Garden" of Su's Real Estate started to be sold before it was completed. The price is only 298 Hong Kong dollars per square meter, which means that one square foot only costs 298 Hong Kong dollars per square meter.
Thirty-three dollars.
As soon as the news of the house sale came out, the temporary sales department of "Ruyuan Garden" was trampled by eager Hong Kong people.
There are 11 houses of different sizes on one floor, one building has 10 floors, there are 110 houses in one building, and there are 1,100 houses in ten residential buildings. They were all sold out within three days.
Seeing such an exciting result, Suning was also frightened. He had planned to go to the newspaper to advertise, but it seemed that there was no need for it.
Susan excitedly kissed Suning on the face and said excitedly, "Suning, you are so amazing!
How did you do it?"
Michelle on the side saw her wife Susan and Suning being so close, but still didn't care and just yelled excitedly.
This makes Suning a little bit unacceptable. The foreigner's reflex arc is too long. Or is he really so open-minded? Does he not mind at all?
"Yes! Suning, how did you do it?"
"Michelle, Susan, this question is not important!
It seems that Hong Kong people really need to solve their housing problem!
We need to capture more land as soon as possible.
Only land bank is the foundation of our company!"
"Well! Suning, what you said makes sense!
Let's take advantage of the current turbulent situation to acquire more land reserves." Michelle agreed with Suning's point of view.
Seeing the great success of Su's Real Estate's first project, many real estate companies in Hong Kong were extremely jealous. However, seeing the changes on the battlefield on the peninsula, they did not dare to take risks easily.
In the eyes of these established real estate companies, Su's Real Estate is like a newborn calf that is not afraid of tigers, but they are completely different and need to worry about too many factors.
Seeing this strange situation, Suning agreed, and took the opportunity to buy a lot of land.
Although it is not a popular land, Suning, who comes from a later generation, is still very satisfied. After all, this is Hong Kong where land is very valuable. He did not expect that he could break into the Hong Kong real estate industry so easily.
In this way, relying on the rapid return of funds, Su's Real Estate, with the secret help of Michelle and the panic mentality of the British Hong Kong government, quickly acquired land, and then continued to borrow money from HSBC Bank.
In this way, Su's Real Estate fell into a cycle of acquiring land, then lending, acquiring land again, and then lending again.
Of course, the British Hong Kong government is not a fool. Really important land has not been released, and the old foreign banks have no idea of selling important real estate.
In their eyes, what Su's Real Estate is eating now are leftovers that they don't like.
However, the golden pimple in their eyes is not Suning's goal, because Suning's greatest strength is that it has self-awareness and only wants to develop and accumulate a little bit.
The reason why Suning is crazy about acquiring land now is because the opportunity is rare. When the situation in the Peninsula War stabilizes and the mainland has no intention of sending troops to Hong Kong, Hong Kong's real estate industry will definitely explode.
In order to ensure the healthy development of its Su's real estate, after the "Russian Garden" was sold out, Suning defied public opinion and launched three new projects.
It is said that it was against all opinions, but in fact it is more accurate to say that Suning made the final decision, because Michelle and his friends have been hiding in the dark, and Susan on the surface is obedient to Suning.
Ever since Su Real Estate's first project "Ruyuan Garden" was quickly sold out, Susan began to blindly worship Suning.
So when Suning proposed launching a new project, Susan had no objection at all. When Michelle was hesitant, Susan began to speak for Suning.
In fact, many Hong Kong people who bought "Ruyuan Garden" houses regretted their impulse after many of them. After all, the "Ruyuan Garden" houses have not been built yet, and they are also worried that they will be unfinished and bankrupt.
But when the house was handed over at the end of July 1951, they all began to feel happy, especially when Suning invited the Hong Kong media to follow up on the information about the handover of "Ruyuan Garden", which completely triggered the enthusiasm for buying houses in Hong Kong.
The result was that once the three new projects of Suzhou-style real estate were put on sale, they were once again snapped up by Hong Kong residents.
The reason why "like gardens" were built so quickly is because there is no real winter in Hong Kong, and there is no so-called permafrost.
Coupled with the continuous overtime work day and night, the ten-month construction period was compressed to six or seven months, in order to build confidence in the hearts of Hong Kong residents.
Now not only is Suning rising, but Susan and Michelle are also waking up laughing from their sleep, and even Michelle's friends in the HSBC loan department are getting promotions and salary increases.