Chapter 105 Real Estate Chamber of Commerce Meeting
At two o'clock in the afternoon on June 25, Li Guangyu rushed from his home to the Xiangjiang Real Estate Construction Chamber of Commerce.
There were quite a lot of people attending this meeting today. When Li Guangyu came, he had already seen some acquaintances, including Lin Baixin from Lixin Group, Chen Zengxi from Hang Lung Group, Hu Yinxiang from Hehe Industrial, and others.
After a while, Li Shaoji and Guo Desheng came to the conference room together. Li Guangyu walked over and said hello: "Fourth uncle, Uncle Guo, how are you doing lately."
Li Shaoji said: "Guangyu, your companies are becoming more and more prosperous. Now, you are a company established in Japan and the United States. I am envious of you, uncle."
Li Guangyu said: "Uncle Fourth, are you interested in developing in Japan and the United States? We can cooperate."
Lee Shau Kee has no intention of developing outward now. Real estate in Xiangjiang is currently growing at a rapid pace. Today's housing prices are more than double those of 1977. It is a good time for development.
Li Zhaoji said: "Guangyu, my fourth uncle's family background cannot compare with yours. Now we can only develop in Xiangjiang, and we don't have the energy to expand outwards."
Guo Desheng also said: "Guangyu, you are the only Chinese-owned enterprise in Xiangjiang that has such a large-scale effort to develop the Japanese real estate market. We are just doing business in Xiangjiang."
Li Guangyu also knows that they are unwilling to leave Xiangjiang and move to other places. The housing market in Xiangjiang is rising faster than any other city. How could they give up such an opportunity to explore the market outside?
Then Zheng Yutong, Stanley Ho and others arrived one by one, and Li Guangyu naturally went to say hello to Stanley Ho.
The boss is always the last to arrive. Seeing that the members of the Chamber of Commerce were almost there, Huo Yingdong came to the conference room.
Although Huo Yingdong is the president of the Real Estate Construction Chamber of Commerce, the Huo family is not engaged in real estate development in Xiangjiang, so Huo Yingdong has the most relaxed mentality here.
After Huo Yingdong and the two vice presidents finished speaking, Huo Yingdong said: "Guangyu, you are also the managing director of the Chamber of Commerce. Currently, apart from the development of Tianshuiwei, there is no other development in Xiangjiang. Instead, you are investing heavily in development in Japan.
The market over there, what do you think of the real estate market in Xiangjiang?"
Li Guangyu did not expect that Fok Yingdong would ask him by name to share his views on the Xiangjiang real estate market. Li Guangyu still answered based on some memories from his previous life.
Li Guangyu said: "As for the market in Xiangjiang, I think all seniors also have their own ideas. At least in the next two or three years, the housing market in Xiangjiang will continue to grow rapidly. I am relatively confident."
"As for why I only develop Tin Shui Wai, you must know that the first phase of Tin Shui Wai has a budget of more than HK$1.2 billion and can provide more than 12,000 houses. This is already huge. At present, Starlight Real Estate Group has no extra energy to develop other projects.
project."
The leaders of various companies present here are also full of confidence in the Xiangjiang real estate market. Zheng Yutong said with a smile: "Guangyu, you are so humble. It's not that your Starlight Real Estate Group has no energy, but that you have transferred people to Japan, and you are there."
We invested nearly 400 million U.S. dollars, which is higher than the market value of our group."
The people here were speechless when they heard what Zheng Yutong said. Someone investing in a group has more assets than their own family. This is incomparable.
Chen Zengxi said: "Guangyu, you have invested so much in the Japanese market. Please tell us your views on the Japanese market. We will have a reference for our future expansion."
Xu Shixun also said: "Yes, Guangyu, please share your views on the Japanese market, and I will also refer to it."
Li Guangyu also hopes that these real estate groups will go out of Hong Kong. Even though the Hong Kong market is so prosperous now, the bubble will explode in 1982. I don’t know how many real estate companies will be unlucky by then?
Moreover, Xiangjiang seems to be too crowded for so many real estate companies. If these real estate groups can develop in Japan, it will not only reduce the losses in 1982, but also improve the strength of Xiangjiang real estate industry in Japan.
Li Guangyu said: "In the next ten years, I think Japan's real estate market will continue to grow. With the development of Japan's economy, the growth will become faster and faster. If you are willing to develop in Japan, I can provide certain
help."
All of you here are smart people. I heard Li Guangyu say that the real estate market in Hong Kong only grew in two or three years, while Japan had ten years of growth. Although I don’t know if this is the case, I still wrote it down and will be more cautious when the time comes.
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Then the meeting began to discuss the land auction that the Xiangjiang government will hold in July. Who doesn’t know how profitable real estate is today? Housing prices change every day, but there are too many people in Xiangjiang.
Although the families in Xiangjiang are very united to the outside world, there is also a lot of internal competition, especially in today's era when you can make money just by looking at the land. The big bosses still refuse to give in to each other on the issue of this land auction.
At this time, we can see Huo Yingdong's status here. When several families had a dispute over a piece of land, Huo Yingdong began to mediate.
As for why Huo Yingdong has such a big reputation, it is the prestige established over decades. Many people here have been helped by him. In addition, the Huo family does not develop real estate now, and the Huo family controls major real estate groups.
He needed raw materials, so everyone gave Huo Yingdong face.
Li Guangyu watched quietly from the side. He had no intention of taking the land for development anyway.
Li Guangyu discovered that this chamber of commerce is actually an interest negotiation meeting for Chinese real estate groups, because nowadays Chinese capital is not strong, and there are British-funded consortiums who are watching covetously. The establishment of this chamber of commerce is to mediate the interests of all parties in the Chinese-owned real estate group and avoid Chinese capital.
Internal losses.
Due to disputes between various groups over land, the meeting ended at around six o'clock. Several well-located plots of land were also given to Zheng Yutong's New World Group, Guo Desheng's Sun Hung Kai Group, Chen Zengxi's Hang Lung Group, and Xu Shixun's Zhou Hing Real Estate.
Occupy, they will bid for these pieces of land in July.
Li Guangyu discovered that Stanley Ho, Li Ka-shing, and Lee Shau-kee did not participate in this competition. Li Guangyu knew that Li Ka-shing did not participate. He is currently busy with Hutchison Whampoa.
After the meeting, Li Guangyu came to Li Shauji and asked: "Fourth uncle, why didn't you participate in the land competition today?"
Lee Shau Kee said: "My capabilities are limited. Now I am developing a real estate project. I don't have much energy or strength to participate in this competition."
Guo Desheng said with a smile: "If I win the bid this time, you won't make any money."
Li Guangyu also knew that Li Shauji had some shares in Sun Hung Kai. If Sun Hung Kai made money, he would also have money to take it.
Li Guangyu said: "Uncle Guo, I wish you all the best in the auction next month and win the land in one fell swoop."
Guo Desheng was very happy to be able to win the bid for this land at the meeting today, and said to Li Guangyu: "Guangyu, I will lend you a good word."