"The land at No. 126 Modu Street, Yau Ma Tei, is 6,800 square feet, 245,000 Hong Kong dollars, and can build four 5-story tenement buildings, with a total floor area of 230,000 square feet."
Before the real estate market could react, Changjiang Real Estate quickly started to rebuild the land.
According to Lin Zhichao's plan: If the off-plan property is sold, the property on this land can obtain sales of approximately HK$600,000 to HK$650,000; and the entire construction fee plus tax, interest, etc. is about HK$180,000, so the total investment is HK$430,000.
There is almost a profit of 170,000 to 200,000.
This rate of return is already very good, after all, the cycle only lasts one and a half years.
It was impossible to have such a rate of return in the past. After all, the unit price per square foot was less than 30 Hong Kong dollars. The important thing is that it still takes up a lot of capital.
"Boss, the Bank of East Asia has provided a loan, totaling HK$150,000." Finance Zhou Fuzhao walked into Lin Zhichao's office and reported.
Lin Zhichao nodded with satisfaction and said: "Well, this fund will be kept in the account and used for company operations and launching the Magic City Street project."
After purchasing this land, Changjiang Real Estate's account was once again empty, so there was no way to buy a land worth about 400,000 Hong Kong dollars. Unless you first fancy the land, get a loan from the Bank of East Asia, and then sign the contract.
But obviously, this is a bit risky, and Lin Zhichao doesn't want to do it yet.
Zhou Fuzhao breathed a sigh of relief and said, "Okay, I will arrange the finances. If more funds from the forest road project are returned, the company can purchase land again."
Every two months, 15 property owners on Shanlin Road must pay a total of just over HK$50,000 to Changjiang Real Estate, which is divided into five installments.
Lin Zhichao waved his hand and said: "I'm afraid that the land price will continue to rise, and there will be little profit in the end. It won't be worth the risk in the later period. Of course, if there is a suitable opportunity, I will not miss it."
Land prices in Hong Kong are already high, and now that off-plan properties and strata properties can be sold, land prices will definitely rise. Therefore, the profits of real estate developers will become thinner in the later stages. Unless the land is acquired this year, or in the past few months, profits will be made
Pictureable.
In the second half of 1949, Hong Kong real estate may begin to fall. After all, the army is on the opposite side, and people are uneasy. Gold is obviously more suitable as a 'travelable asset'.
In 1950, the peninsula was not peaceful again, so real estate would slump again until 1953.
Based on these trends, Lin Zhichao would not buy land to develop real estate at the peak of 1948; at that time, he should consider 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 Free Import and Export of Gold in Hong Kong". 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, and that is the Hong Kong Gold and Silver Exchange. It is a financial center that even Americans lament. Lin Zhichao plans to go and see it. After all, he knows some useful information that can help him make profits.
important cornerstone.
"Dong dong"
"Come in"
Hu Zhaoxu walked in with a smile and said: "Boss, there is an old residential site for sale in Causeway Bay. It only has 3,500 square feet and 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" and saw that the boss was dissatisfied with the small land, and then said casually: "There is a 40,000-square-foot residential land for sale in Happy Valley. The owner is the Robert Ho Tung family. I heard that several real estate developers are sharpening their knives."
.”
Nowadays, it is possible to sell off-plan properties and strata-level sales. Hong Kong real estate developers have obviously seen the business opportunities in this. They no longer regard real estate as a cold business and are gradually becoming more active.
Lin Zhichao's eyelids twitched and he said calmly: "Has this land been sold?"
Hu Zhaoxu shook his head and said, "Probably not yet!"
Lin Zhichao said seriously: "Go and find out the news, and then tell me the situation!"
Hu Zhaoxu was surprised. How could the boss spend one million Hong Kong dollars to acquire this land?
Of course he would not think that the boss had the strength to take over this piece of land. After all, if he had the strength, why not buy a large amount of land before?
"Okay, I'll go find out right away!"
After Hu Zhaoxu leaves.
Lin Zhichao banged on the table because he wanted to do the Happy Valley project.
The small project of a few tenement buildings obviously cannot display much technical content; and the land of 40,000 square feet can build at least 25 five-story tenement buildings.
This is a big project. If it can win this project, Cheung Kong Properties will establish itself as the "leader" in real estate development in Hong Kong, and its influence will be unparalleled.
He needs this influence!
At the same time, Lin Zhichao still has no intention of selling his 34 pieces of small yellow croaker (2265 taels of gold, 37.5g is 1 tael).
Then, he has no money!
If it were anyone else, he would definitely give up like this.
But as a person of later generations, Lin Zhichao knows very well that there is a practice called "empty wolf" in real estate.
Thinking of this, Lin Zhichao decided to give it a try!
Lin Zhichao and Hu Siu-hsu came to Wan Chai's "Tung Sang Building", which is the property of the Robert Ho Tung family and the office location of Robert Ho Tung Properties.
For the 40,000-square-foot piece of land in Happy Valley, Ho Tung adopted an on-site bidding method, and the highest bidder won.
Ho Tung is currently Hong Kong's "Chinese leader" and "Hong Kong's richest man". He is also a knight in many countries and has 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, and Dongcheng
Buildings, etc., he can be called a real estate tycoon.
Because of his relationship with the government, he knew some of the government's plans and purchased some remote land and properties in advance. Once the government plans came in, these lands and properties would increase in value, and he would take the opportunity to sell them.
Ho Tung 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 for Ho Tung, mother and son to stay outside
He lives in a tenement building, but He Shiwen is also a responsible man. He has arranged for his children to study and learn English since childhood.
Ho Tung worked as a teacher and customs officer in his early years. At the age of 20, he switched to Jardine Matheson as a comprador and started to make a fortune. The so-called "comprador" means that foreigners want to do business with Chinese people, but do not want to deal directly with Chinese people (look down on them).
Select people with outstanding abilities from the Chinese to serve as middlemen, that is, compradors.
Compradors are "high-class Chinese" in Hong Kong. They can speak English and are appreciated by foreigners. They not only work for foreign companies, but also make money for themselves.
Because of this, when Ho Tung was working as a comprador at Jardine He, he made his fortune on a piece of land. He also served as an intermediary and sold it for a record price of HK$435,000 in Hong Kong. Then he took a commission of 1% from the buyer and seller, totaling 8,700.
Yuan and became rich because of this. It was 1890 and he was only 26 years old.
After that, Ho Tung attacked from all sides, working as a comprador for Jardine Matheson and doing his own business at the same time. Because Jardine Matheson relied heavily on Ho Tung's ability, when many employees of Jardine Matheson complained, the chief executive also said, "Robert
(Ho Tung) is a business wizard, and I can't think of a more suitable candidate.'
At the age of 35, Ho Tung had a net worth of HK$2 million. By 1900, at the age of 38, Ho Tung had a net worth of HK$5 million, making him the richest Chinese businessman in Hong Kong.
Under the guidance of the staff, Lin Zhichao and Hu Zhaoxu came to an office building, where people were already sitting and waiting.
"Mr. Lin, please wait a moment. Manager Li will explain the bidding rules later!"
"Okay, thank you!"
Lin Zhichao looked at the several groups of people inside. They were all Chinese, but he had very few connections and didn't recognize them.
A short and fat man stood up, came to Lin Zhichao, and said with a smile: "This young man, you are Mr. Lin Zhichao who invented stratified sales and off-plan sales, right?"
When Lin Zhichao saw that the visitor spoke with a Chaoshan accent, he said, "This is Lin Zhichao, who are you?"
Liao Baoshan said: "My name is Liao Baoshan. I am in the business of making money, rice, oil, salt and cloth. I have also been in real estate for several years."
It's him!
Lin Zhichao pretended to be honored and said: "It turns out to be Liao Sheng. I'm glad to meet you. I heard Mr. Jian talking about you. He said that you are an outstanding figure in Chaoshan."
When he carried Jian Dongpu out, he naturally showed that he also had a backing.
At this time, these people have not yet truly become a generation of tycoons and tycoons, including Chen Weinan, the president of the Chaoshan Chamber of Commerce, nor have they truly become a tycoon.
To be honest, Lin Zhichao doesn't feel that he is in the same era as Li Chaoren, Shark Dantong, Li Shauji, and Guo Desheng. He feels that he is competing on the same stage with people like Chen Weinan, Liao Baoshan, He Shanheng, Airship Tai, and Hui Aizhou.
Regardless of his weak strength now, in the 1950s, when these people see him, they may shout 'Sir Lin', 'President Lin', or 'Boss Lin'.
Liao Baoshan said politely: "Mr. Jian is my benefactor. I didn't expect Lin Sheng to get his advice. Lin Sheng, if you hadn't changed the way of real estate in Hong Kong, we people wouldn't have dared to come and get millions of dollars."
Land. However, Lin Sheng has great strength!"
Back then, when he was bargain hunting in real estate, Jian Dongpu gave him great support.
At this time, another group of people stood up, walked towards Lin Zhichao, and said unkindly: "Mr. Lin, I don't know which wealthy family you belong to, but this bidding will cost you millions of Hong Kong dollars?"
After saying that, he looked like you have money.
Liao Baoshan reconciled the situation at this time and said: "We are all joint developers, 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."
do not know!
Lin Zhichao's first reaction was...
"I've admired you for a long time! I didn't know until here that this piece of land is so valuable. I definitely can't afford a million, and I don't have a partner, so it seems that I have lost everything today. You are free to do so, don't think of me as a
Just your opponent!"
Seeing Lin Zhichao's sincerity, everyone immediately laughed.