Time passed by three o'clock, and Huo Yingdong said aloud: "Thank you all for taking the time to attend this meeting. I know you have a lot of thoughts these days. There are no outsiders here today, so we just talked openly and used all of them.
Keep it hidden, and if there are any problems, we can discuss and solve them together. There is no need to make a fuss. Today is hard-earned for us, and I hope everyone can cherish such results together."
It's a pity that things are no longer the same as before. The mutual trust among the people present is almost nonexistent, so how can they be willing to talk to each other?
After all, the Li Consortium is very powerful, and they don’t want to come out and express their opinions about it. Who knows if Li Guangyu will suppress them? They don’t have much financial resources, so it is not a wise move to come out and offend the Li Consortium.
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If they want to jump out, they have already come out. How can they endure until this time? Their strength is inferior to others. No matter how much resentment they have and how unwilling they are, they can only endure it now, unless something goes wrong with the Li Group.
Only then will they stand up and express their opinions.
As for the issue of the 50-hectare regulation, they are also very clear about it. Can they talk about it? Even if they have opinions, it will not matter. They are also afraid of being resented. Their roots are in Xiangjiang, and their future development is still long, and they will still be criticized in the future.
It’s better to let people take care of you and express less dissatisfaction.
The meeting of more than a hundred people was now extremely silent. The entire meeting room was silent. Everyone's expressions were extremely calm and calm. It was impossible to see any thoughts or emotions from their faces.
Facing this situation, Huo Yingdong felt very disappointed and sentimental in his heart. He thought that this silence fully showed that everyone present did not trust each other, which was also an extremely dangerous signal.
The calmer you are now and the more you hide your dissatisfaction deep in your heart, the more terrifying the outbreak will be in the future, and these people present can have a huge impact on all aspects of the situation in Hong Kong.
Perhaps in order to ease the current embarrassing situation, Hu Yinxiang spoke up and said: "Yingdong, the reason why this situation is happening now is caused by many aspects. Everyone is well aware of these things, but it is a dead end to solve them. At present, this situation is
The problem cannot be solved at all.”
Hu Yinxiang is very aware of the situation. He and Hopewell Industries have also had relatively low profits in Xiangjiang in recent years. The five Chinese-owned tigers in the past have long since changed. Sun Hung Kai and Cheung Kong currently rank first and second, with market capitalization respectively.
Reaching HK$52.4 billion and HK$50.8 billion, New World Development also ranks fifth among listed real estate companies in Hong Kong, with a market value of HK$46.8 billion.
The market value of Hopewell Holdings and Hang Lung Properties is only one-tenth of the market value of Sun Hung Kai. Hang Lung Properties is better, with a current market value of HK$5.4 billion, while Hopewell Properties has a market value of only HK$4.9 billion.
The reason for this situation is that their company's profitability has been low in recent years, so its market value has grown slowly.
Real estate companies such as Sun Hung Kai, Cheung Kong, Shau Kai, Shun Tak, New World Development, IMC, Hongji, and Chinese Real Estate have relied on Japan's soaring property market and the continuous capital injections from major shareholders to see their market values soar.
The reason why these real estate companies focusing on Xiangjiang have low profits is also caused by the Li Group and its allies.
Over the years, from Tin Shui Wai to Tseung Kwan O, the Lee Group and its allies have developed a large number of houses, making the current market supply in Xiangjiang very abundant, and at the same time, the selling prices are relatively low. This has resulted in the housing prices in Xiangjiang being relatively stable in recent years, with a far higher growth rate.
It cannot keep up with the salary increase in Xiangjiang.
On the other hand, costs are rising, including land acquisition costs, labor and material costs, so the profitability of all parties is relatively low.
The reason why it has become a deadlock now is that if they want to untie it, they need to increase the prices of the properties developed by the Li Group and its allies. Only by pushing up the property prices can they make good profits.
However, the rise in property prices will inevitably lead to dissatisfaction among the citizens of Xiangjiang. This will shift the conflict to the 50-hectare limit. People will naturally think that this limit has led to the increase in property prices in Xiangjiang. This will cause even greater problems. It cannot be ruled out.
will be expanded.
Huo Yingdong said: "I believe there is no problem that cannot be solved. The main reason why many things have become deadlocks is due to lack of communication between each other. As long as we all have the sincerity to solve the problem, I believe the matter can be solved.
Yes, the most important thing now is for you to boldly speak out your thoughts, so that we can help us solve the problem."
Everyone present knows very well that this time it is estimated that this person will be asked to communicate with them again. They don't want to cause trouble. They can just be an audience. This matter still requires Li Guangyu, Guo Desheng, Xu Shixun, and Zhao Shizeng.
, Luo Yingshi, Chen Zengtao, Hu Yinxiang, Wang Dehui and others slowly argued.
Anyway, these small and medium-sized real estate companies don't have much say. After the decision is made, they just choose to obey it. The general trend is not in their hands.
This was a difficult meeting. Due to too many external interference factors and too many concerns of those present, it was difficult for the meeting to move forward. Silence is golden has become the best annotation for this meeting.
Huo Yingdong has chaired hundreds of meetings of the Xiangjiang Real Estate Construction Chamber of Commerce in the past 20 years, and has never encountered a situation like today.
He spoke again: "Guangyu, I don't know what you think of the current real estate development in Xiangjiang. What are your opinions on this?"
Li Guangyu was not prepared to speak originally. The current situation can be said to be very troublesome, and he has a share of the credit for causing the current situation. If he had not been suppressing housing prices, this situation would not have happened now.
No problem, at least these people present have absolutely no worries.
But when Huo Yingdong asked, he didn't say anything.
"I know that many people here have objections to me, thinking that I, Li Guangyu, have cut off your financial resources and made you unable to do anything while watching a large amount of profits slip away from your eyes.
I just hope that you will consider the monthly salary of ordinary citizens in Xiangjiang and look at our current housing prices. Do you think it is low?
Our current 600-square-foot house costs more than 500,000 Hong Kong dollars, and the salary of our ordinary employees is only about 3,000 Hong Kong dollars. It will take them nearly 20 years to buy a house.
Singapore has many similarities with us. Look at their housing prices. We all started in Hong Kong, and our companies are rooted in Hong Kong. I hope everyone can take a longer-term view. A prosperous and stable Hong Kong is what we have.
Hope to see.
Everyone hopes to make quick money, and I hope everyone can go out. Xiangjiang is too small, the market is only so big, and the population is only about five million. There is simply no room for so many real estate companies.
I can tell you right now that Cheung Kong, Starlight, Zhao Ke, Sun Hung Kai and many other groups are planning to expand their presence in Hong Kong again. This time we will build various types of communities that can accommodate one million people, and the prices will not increase too much.
If you continue to choose to stay in the Xiangjiang market, you must be prepared to make small profits."
Last year, the per capita GDP in Hong Kong exceeded 10,000 US dollars, but that is per capita. We are afraid of per capita in everything. Currently, the monthly salary of front-line employees and supermarket attendants under the Li Group is only about 3,500 Hong Kong dollars, and the annual salary is only more than 40,000 Hong Kong dollars.
, which is still a long way from the per capita level of more than 78,000 Hong Kong dollars.
Among the more than 40,000 yuan, they still need food and expenses. It would be good to be able to save 30,000 yuan in a year. A 60-square-meter house costs more than 500,000 Hong Kong dollars. It will take more than ten years of youth and hard work to earn it back.
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That's it. There are still many real estate developers who are dissatisfied and think that housing prices are too low. They are even more dissatisfied and complaining about Li Guangyu.
What Li Guangyu cares about are the five million citizens of Xiangjiang. As for some real estate developers in Xiangjiang, they are unwilling to go out. He cannot be blamed for their eventual bankruptcy. He is not a nanny, and he will not protect these real estate companies.
I remember when he first entered the retail industry in Xiangjiang, many retail businesses were forced to close their doors and change careers, and the real estate industry was no different.