In particular, some groups that suffered heavy losses in the 1982 property market crash are looking forward to making up for their previous losses after the property market in Xiangjiang recovers. However, in the past few years, there has been a large-scale development of Tian Shui Wai, with nearly 100,000 units of housing sold to external parties, and more than 10
Fifty thousand homes are on the market this year.
Now Star City in Tseung Kwan O has launched a construction plan of nearly 30,000 housing units, and this is also the case with Star Real Estate, which has a university town built here by the Lee Consortium, Cheung Kong, Sun Hung Kai, Hongji, Zhaoji, and Wanbang
When real estate groups will naturally enter the development stage, there will definitely be a large number of small properties in Hong Kong that no one cares about in another three years.
Although the Li Group did not explicitly talk about suppressing housing prices, in the minds of the leaders of these real estate companies, this is what the Li Group and the Xiangjiang Group Real Estate Company are doing. Xiangjiang is a market economy, and there is a situation of oversupply of products.
Prices will naturally fall, and housing is no exception.
Chen Zengtao, the current helmsman of the Chen family who suffered one of the biggest losses during the 1982 property market crash, obviously has a lot of opinions on this matter. Their group suffered heavy losses in those two years, and even the family bank declared bankruptcy.
After Xiangjiang decided to return to the mainland in 1997, Xiangjiang's stock market recovered rapidly, and Xiangjiang's economy still maintained rapid development. However, the rapid recovery and increase in the property market he expected did not come, and the current prices have not yet returned to their peak levels in 1982.
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How can this satisfy him? This time he is also one of the leaders of this incident. He hopes to impose some restrictions on the Li Group and the Xiangjiang Group through the Real Estate Chamber of Commerce. These two major groups eat meat, and they must at least drink.
Have a sip of soup.
Chen Zengtao said: "He Sheng, we are businessmen, not philanthropists. If it is not for profit, why should I go to the company early every day, return home very late, and bear such huge risks? I also know the connections of some of the people at the helm.
If you have a broad road, you don't need to care about the small profits in the Xiangjiang real estate market.
But we have to think about the small and medium-sized real estate and enterprises in Xiangjiang. They do not have such strong funds or such wide connections. The Xiangjiang market is the foundation of their development. The current development trend is obviously a huge harm to these enterprises.
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They don’t have a second-class land exchange rights certificate in their hands, and they don’t even have land in their hands. The prices currently being sold by some groups are obviously out of date.
In order to promote the healthy development of the property market in Hong Kong, I hope that the Chamber of Commerce can set a minimum sales price for members to prevent some large groups from suppressing small and medium-sized companies on price by relying on their first-mover advantage."
This is the fundamental purpose of their request to convene this meeting. As long as this restriction appears, they believe that the Hong Kong property market will be more prosperous.
Chen Zengtao's suggestion has been echoed by many members. Some real estate company leaders are now very jealous of the growth of the Japanese property market. They also hope that the Xiangjiang property market will have such prosperity. Naturally, they are not willing to earn one dollar if they can earn ten dollars.
In other words, the Li Group and the Xiangjiang Group are extremely powerful, so they can only come up with this method, otherwise their actions will be even more radical.
The actions of the Li Group and the Xiangjiang Group are, to a certain extent, cutting off their money. How can they tolerate this? Unfortunately, they are not strong enough and can only hope to fight for their own interests in the Real Estate Development Association.
Li Guangyu knew that these people were mainly here for him today, and he must have a lot of resentment against him. After all, the development of his group broke the development rules of Xiangjiang real estate enterprises for decades, and even his allies followed suit.
Dry.
This has resulted in the current development trend of Xiangjiang's property market being completely different from the period from the late 1950s to the early 1980s, which has resulted in the inner imbalance of many family leaders.
They are in the real estate industry and will only care about the development of the real estate industry. Other industries are not their focus.
Li Guangyu said aloud: "I understand some of everyone's thoughts, and I also admit that some of my selfishness has indeed affected the profits of some companies here, but to say that it harms myself and others is a bit too much.
Everyone present, ask yourself, which of your companies has suffered a lot of losses in the past two years? I am afraid that 90% of the companies are making profits, and the remaining 10% are definitely not losing money because of price issues.
I know that from 1978 to 1981, everyone was used to having big fish and big meat. Now this development model makes everyone very uncomfortable. The high profits in the property market are gone forever because of the large-scale development in the past few years.
Some people want to think that supply and demand are tight in order to maintain high profits. This is definitely not a plan that is conducive to the development of Xiangjiang and everyone. This is overdrafting the future of Xiangjiang and everyone's future.
Of course, if there are people who do not regard Xiangjiang as their home, but just want to make a fortune here, and then move to other areas, treat it as if I didn’t say it, because Xiangjiang will have nothing to do with you in the future, and I, Li Guangyu, have no intention of taking care of you.
obligation.
I remember that when I first joined the Real Estate Developers Association, I told everyone that the Hong Kong market is too small to accommodate the development of too many real estate companies. If so many of our real estate companies want to survive and grow, they must
We need to go out. Only in this way can our company achieve good results.
It is a pity that many companies are only keen on the Hong Kong market and have no plans to venture out. They only hope that the prosperous and brilliant property market in Hong Kong will bring huge profits to everyone.
You don’t even think about how it is possible for Hong Kong to support such a real estate company with how many people there are. Some of you hope to support the development of the company with high prices and high profits, without considering whether the Hong Kong market can bear it.
Moreover, everyone has always focused on the management of real estate. It seems that this industry has become the only pillar of many families, and they have not considered the issue of transformation at all to avoid risks in this area. Could it be that 82
Isn’t the lesson profound enough?
It has been three years since the establishment of Tianshuiwei Xiangjiang High-tech Park. Currently, except for my investment and some shareholders of Xiangjiang Bank, there are few major families investing and developing there.
Now that the return rate in the property market is not high, for the development of your family, you are now thinking about the minimum sales price limit. Are you being too selfish?
Even if such a restriction is introduced, do you really think you can achieve the results you want?
I hope everyone will seriously think about the future development of their own industries. If you feel that real estate has no future, you might as well transform now. There are still opportunities. Mainland China is still in its early stages of reform and opening up, and there are countless business opportunities waiting for you.
If you think the real estate industry has good prospects, then it is up to you to decide whether you want to go out or not. That is your own business. My real estate group will not stop developing real estate in Xiangjiang.
Of course, I am not a saint. The real estate group must make a profit, but it is absolutely impossible to make huge profits. I grew up in Xiangjiang, which is also the foundation of my Li family's industry. No matter what other places are, at least here in Xiangjiang, I
I hope this won’t be a city brought down by the property market.”
Although Li Guangyu's speech was very long, the members present did not express any impatience and listened carefully to Li Guangyu's speech.