The first thousand three hundred and ninety-one chapters suppress housing prices
On February 4, the first Sunday after Li Guangyu returned to Xiangjiang, the Real Estate Construction Chamber of Commerce held another meeting. This meeting was mainly to elect a new president, vice president and managing director.
With the arrival of the 21st century, the older generation has gradually handed over all the family business to the next generation. Now the same is true for the Real Estate Construction Chamber of Commerce.
After a day's meeting, Guo Bingxiang was appointed as the president of the Real Estate Chamber of Commerce, Hu Yinxiang and Wang Dehui were appointed as vice presidents, and Li Guangyu, Li Zeju, Li Jiajie, Cao Weide, He Youguang, Chen Qizong, Wu Guangzheng, Huo Zhenhuan and Xu Jinqian were appointed as managing directors.
In fact, this aspect is not the focus. The election in this aspect has actually been communicated and decided before.
The biggest problem is still the one mentioned by Hu Yinxiang last year. This time the Real Estate Chamber of Commerce changed its term, Hu Yinxiang raised this issue again. I hope everyone present can consider long-term development and not try to be quick. In the end, everyone here will suffer.
As the new president, Guo Bingxiang said: "The original intention of establishing our Real Estate Construction Association is to let the residents of Xiangjiang have their own homes, so that the residents of Xiangjiang can live and work in peace and contentment.
Since I am the president, I naturally have to faithfully fulfill this commitment and contribute my small amount to the development of Hong Kong.
We, Sun Hung Kai Properties, plan to develop 50 hectares of commercial and residential areas in Feng Shui New Town and Tseung Kwan O New Town respectively within this year to provide living space for 200,000 residents in Hong Kong."
As soon as Guo Bingxiang's words came out, some of the members below screamed inwardly. They knew that the events in the late 1980s were about to happen again, and they were about to enter a dark moment again, and house prices were likely to stay at the same price for many years.
They know that Sun Hung Kai is just the beginning. Now that Sun Hung Kai has taken action, the following companies such as Starlight Properties, Cheung Kong, Shau Kei, New World Development, IMC, Shun Tak, Hongji, Chinese Professionals, Lukang Properties, etc. will not look at it.
Even if a company only builds a residential area that can accommodate 200,000 people, this will add up to more than 2 million people living in it. This will cause oversupply in the Xiangjiang property market. Thank God that housing prices will not fall, let alone rise.
With these parties taking action, many small and medium-sized real estate developers in Xiangjiang will have no choice but to change careers, or else they will move to other markets. Being trapped in Xiangjiang will only drag them to death.
Li Guangyu said at the meeting: "I hope you can take a longer view. Xiangjiang's population is only 8 million, which is very few compared to the world's more than 6 billion people. The market in Xiangjiang is just that big, and ours is
You know very well how many real estate companies there are in Xiangjiang.
If it weren't for us real estate companies to develop outside in recent years, the Xiangjiang market would not be able to support so many companies.
We give the market to you, small and medium-sized developers, in the hope of giving you a chance to develop.
It's just that you have opportunities for development, but you don't seem to be ready to give the citizens of Xiangjiang a chance. If the curse was effective, I believe some of you could die thousands of times.
If you are so good at making money outside, I won't say anything, but just making money in the nest is not your skill.
As I said in the 1980s, you have only two ways to go, or lead the company to go global. There are many opportunities outside, and there are many markets for your development.
Otherwise, you should change your career. In the next five to ten years, you should not expect the Hong Kong property market to rise. If it does not fall, it will be good.
You should not expect that the population in Xiangjiang will continue to grow at this rate. Starting from this year, the Xiangjiang government will strictly review immigrants settling in Xiangjiang, and the number of immigrants will be controlled within 50,000 each year."
Facing Li Guangyu's words, the people present could only choose to remain silent. This was not the first time that Li Guangyu had done this. Many people also expressed their opposition last time, but unfortunately it had no effect.
It was only later that Patten took office, Li Guangyu and others were unable to obtain land, and a large number of people were introduced to settle in Xiangjiang, that led to the rise in housing prices.
Now that Li Guangyu comes again, the government will definitely cooperate this time. It is impossible for them to make huge profits, and they may even lose money if they don't do it.
One of the members said: "Li Sheng, I know that you have always taken great care of the people of Xiangjiang, but I just hope that you can consider it for us.
Of course we also know that there is a huge market outside, but real estate development does not require other things. It is not just about having money. Without good connections, it is undoubtedly a fantasy to have good development.
Naturally, Li Sheng, Guo Sheng and others do not need to consider this. After all, you are well-known companies in Asia and even the world. You are welcome to invest everywhere, and no force dares to cause trouble for you.
But we are different. Except in Xiangjiang, we have no reputation in the outside world, and our own capital is not strong. It is difficult to find bank financing for development funds in other places."
After this member finished speaking, other members continued to complain. They did not complain that Li Guangyu and others were suppressing housing prices. They just complained to Li Guangyu and others. They also had employees and families to support. They hoped that Li Guangyu could also consider for them and give them some advice.
They have a way to survive.
If you don't know the inside story, you will think that Li Guangyu is a big devil who bullies the weak and drives others to desperation.
Look at this meeting place, with the pleading voices of the listeners. It is as desolate as it can be. The righteous people who don’t know the truth will probably feel sorry for them after hearing this.
It's a pity that Li Guangyu and the others are determined this time, and they are even more hard-hearted about it. Even if they act desolate, Li Guangyu and the others will not change their plan this time.
After all, Li Guangyu and others have their roots in Xiangjiang. The more prosperous Xiangjiang develops, the better their own development will be.
House prices are indeed a bit too much now. From July last year to January this year, house prices rose by 20% on this basis. Some real estate developers have gone too far.
Moreover, the rapidly rising housing prices have also affected the interests of Li Guangyu and the others. When citizens' assets are all invested in real estate, other consumption will naturally decrease, which is very detrimental to Li Guangyu and the others.
This time, Li Guangyu and others plan to suppress housing prices in Xiangjiang for five to ten years. When the per capita income in Xiangjiang increases, the real estate bubble will be squeezed out.
Xiangjiang respects the market economy. As long as Li Guangyu and others provide enough housing, housing prices in Xiangjiang will inevitably fall.
But this time they are cooperating with the government, and the land is relatively cheap, so housing prices in Xiangjiang are bound to be curbed.
If the Xiangjiang government had not taken action this time, Li Guangyu and the others would not have had such a plan. After all, such a huge plan would require a lot of land, and Li Guangyu and the others were not willing to spend huge sums of money on a thankless task.
This time they are also mainly developing the new towns of Feng Shui, Tin Shui Wai and Tseung Kwan O. They will strengthen the construction of these three places and allow the coordinated development of many places in Hong Kong to avoid being concentrated in Xiangjiang Island and Yau Tsim Mong.