Cheung Kong Properties and Ho Tung Properties signed a contract to jointly develop 40,000 square feet in Happy Valley. The two parties established a cooperative company, Tung Cheung Properties. The Ho Tung family owned 55% of the shares in the land, and Cheung Kong Properties was responsible for all development project costs.
45% of shares.
The subsidiary contract stipulates that Cheung Kong Real Estate needs to guarantee the Ho Tung family a profit of HK$500,000. Adding the land price of HK$1.3 million, the Ho Tung family needs to receive HK$1.8 million.
After signing the contract, Ho Tung said with a smile: "Young man, don't mess up your trick of borrowing a chicken to lay an egg, otherwise you will go bankrupt!"
At this time, Ho Tung didn't understand what Lin Zhichao was up to. Of course, he was originally planning to sell the land for HK$1.3 million, but now he can get more than HK$1.8 million within two years. Naturally, he is happy to see it happen.
Moreover, he doesn't care what Lin Zhichao does, anyway, the contract stipulates that he only needs to get 1.8 million Hong Kong dollars, otherwise Lin Zhichao will owe him.
Lin Zhichao said confidently: "Sir, please don't worry, if you mess up, I will work for you to pay off your debt."
He Dong smiled and patted Lin Zhichao on the shoulder, then left.
In the new company, the Ho Tung family did not send anyone, and they did not even come to check the accounts before the house was sold.
The office of Dongchang Real Estate is located in the office building of Yangtze River Real Estate. It is actually a company and uses the same team of people. However, Lin Zhichao will not rush to construct the 40,000 square feet of land this time. Anyway, the contract stipulates 30
The development was completed within a month.
Lin Zhichao summoned the company's management and employees and announced: "Next, each department will double its staff. After all, we now have three projects to develop. Manager Li, please make preparations for recruitment."
Li Gaofu is now the office manager and also serves as Lin Zhichao's assistant. He earns a monthly salary of 200 yuan and enjoys a double bonus at the end of the year. Compared with his benefits last year, they are much better. Of course, the more important thing is that he has a future.
"Okay, boss, I will send out the recruitment immediately and arrange the application time."
Lin Zhichao went on to say: "The Happy Valley project is very big, so there is no need to rush. We will finalize the Yau Ma Tei Magic Street project first."
Everyone nodded and looked at Lin Zhichao with admiration. They did not expect that the boss would be a "white wolf" and let the famous Ho Tung family give them the land in Happy Valley for development.
As for development funds, they have already thought that the boss will use bank loans and sell off-plan properties to solve the problem.
As expected.
Afterwards, Lin Zhichao came to the general manager's office of Bank of East Asia and found Jian Dongpu.
After introducing the cooperation project in detail, he said seriously: "Mr. Jian, this project has great prospects. It is expected to provide 130-story residential buildings for Hong Kong. If sold next year, it is expected to earn more than 3.5 million yuan.
sales.”
Jian Dongpu was already looking at Lin Zhichao in shock; he didn't expect that this young man would launch such a big project this time and get the cooperation of the Ho Tung family. Is this something a 20-year-old would do?
If Lin Zhichao knew what Jian Dongpu was thinking, he would definitely think that he was making such a fuss. This kind of operation would be regarded as basic behavior in future generations.
"In this project, you don't want to pay a penny? And do you have any collateral?" Jian Dongpu said funny.
Lin Zhichao said: "There is collateral. The land held by Dongchang Real Estate is worth HK$1.3 million. According to the 60% mortgage, I can borrow HK$780,000, so I plan to borrow HK$700,000 and pay it off within two years."
He had a large amount of gold in his hands, so he naturally had no worries, otherwise he would not dare to bet that Jian Dongpu would lend it to him.
Jian Dongpu smiled and said: "You are making such rapid progress, don't worry that if something goes wrong that day, you will ruin the good start."
Nonsense, as long as the real estate environment remained unchanged before 1949, Lin Zhichao was a sure winner.
Lin Zhichao said calmly: "I still have some money, but I just don't want to invest it all in real estate!"
Jian Dongpu was stunned, and then nodded. He did not doubt Lin Zhichao's statement, because this young man was so calm and showed no signs of carrying huge debts, so he believed Lin Zhichao when he said he still had money.
In the end, Jian Dongpu used the entire Yangtze River Real Estate as a mortgage and loaned Lin Zhichao 750,000 Hong Kong dollars.
With this 750,000 Hong Kong dollars, the Happy Valley project can be completely launched without worrying about funding. The interest of 750,000 Hong Kong dollars (about 230,000) is paid by Dongchang Real Estate. Anyway, he only needs to let Ho Tung make a profit.
1.8 million Hong Kong dollars is enough.
Of course, this 750,000 Hong Kong dollar loan needs to pay the Ho Tung family 500,000 in fees, and it must be paid within one month. The remaining 250,000 Hong Kong dollars cannot actually fully leverage the project; but before the construction of the Happy Valley land starts,
Cheung Kong Holdings has withdrawn a lot of funds, so there will be no problem.
According to media reports in Hong Kong, Cheung Kong Land and the Ho Tung family cooperated to develop 40,000 square feet of land in Happy Valley, and Bank of East Asia loaned HK$750,000 to Cheung Kong Land. These news shocked the entire Hong Kong business community.
No one expected that Yangtze Real Estate would get the cooperation of two business leaders with nothing. At the same time, some people who wanted to trouble Lin Zhichao, such as the real estate developer who failed in the bid for Happy Valley, immediately stopped. After all,
Lin Zhichao is now also a person with background.
The three words "Lin Chi-chao" began to rise in Hong Kong's business world!
Cheung Kong Real Estate has become a "revolutionary" in Hong Kong's real estate industry and a model for all real estate developers to learn from.
Xinxing Books Newsstand
Jin Bingwen looked at the newspaper in disbelief and said loudly: "Chaozi has made a fortune! Five months after leaving my job, he unexpectedly became a real estate tycoon! When we meet now, I'm afraid I have to call him 'Boss Lin'."
As soon as he finished speaking, Jin Bingwen's wife and Ah Cai came over one after another.
"Old man, what did you say? Chaozi got rich?"
"Boss, has Chao really gotten rich?"
Jin Bingwen pointed to the news in the newspaper and said: "Look, what is written here is that 'Cheung Kong Properties' and the Ho Tung family are cooperating to jointly develop 40,000 square feet of residential land in Happy Valley, and it is expected to build 26 five-story tenement buildings.
There are a total of 130 floors of residential units, with a total investment of more than HK$2 million (including land).”
Ah Cai said strangely: "What does this have to do with Ah Chao?"
Jin Bingwen said tremblingly: "It has been four months since Yangtze Real Estate was established, and their boss is named Lin Zhichao. Do you think it matters?"
Jin Bingwen's wife, Ah Cai, was stunned, with an expression of disbelief in her eyes.
"Jinyawen, here's a copy of the Industrial and Commercial Daily!" By coincidence, Li Shengtang, the owner of Po Chai Pills, came to buy the newspaper.
Jin Bingwen quickly handed over a newspaper and said: "Boss Li, do you still remember the super guy who sells newspapers here?"
Li Shengtang said with a smile: "The other person is not a newspaper seller, but the big boss of the real estate company. When I meet him, I have to call him 'Boss Lin'. I said Jin Bingwen, I didn't expect you to fly out of here."
It’s a real dragon!”
Jin Bingwen pointed at the newspaper and said in surprise: "Is this boss of Changjiang Real Estate really the boss Lin Zhichao who surpasses me?"
Li Shengtang read the news and said with the same surprise: "It's incredible. I only sold a house worth 500,000 yuan at the beginning of the month, and now I have invested 2 million yuan in real estate. This can't be sold for three or four million Hong Kong dollars! What a genius! Next time I meet,
It is necessary to have a few more words."
After paying the money, Li Shengtang read the newspaper with relish, leaving Jin Bingwen and his wife with shocked expressions.
Especially Ah Cai, who suddenly remembered Lin Zhichao's original words and murmured to himself: "What he said is true!"
Thinking of this, he ran to the roadside and shouted: "Shocked! The owner of a real estate company was born as a newspaper seller."
"Neuropathy"
"You are the only one who sells newspapers and wants to be the owner of a real estate company."
Ah Cai's face turned red as he was crowded around, but he didn't dare to talk back, so he could only return to the newspaper stand in shame.
"Ah Cai, you are not that material, stop dreaming!" Jin Bingwen did not forget to hit Ah Cai.
"That is, whether this person can get rich or not, I can tell at a glance. When Boss Lin used to work here, his temperament, eloquence, and brains were all struck by lightning if you said he was underdeveloped. Just you.
You are just a newspaper seller all your life, and you have to ask me to take you in." Jin Bingwen's wife said snobbishly.
Hearing the sarcastic remarks from the landlady, Ah Cai became even more embarrassed and could only work honestly.