In early October, New Era Group issued an announcement: The company will build Tsuen Wan Plaza, Sea of Love large-scale housing estates, and Tsuen City Hui large-scale housing estates at Yeung Uk Road, Tsuen Wan, and the old Tsuen Wan pier area, with a total investment of NT$16 billion (cladding Land). Including the soon-to-be-completed City Plaza (shopping mall), New Era Group will invest 18 billion in this location.
in:
Tsuen Wan Plaza will consist of a large shopping mall, an 88-storey commercial building, and a 42-storey commercial building;
Hai Zhilian, Tsuen·Chenghui, is a high-end residential community, Hai Zhilian is also a sea view housing community.
For a time, the industry was shaken.
Everyone actually knows that in the past two or three years, New Era Group has used the large number of land exchange rights documents in its hands to frequently exchange land in Tsuen Wan; but they did not expect that New Era Group would announce investment in such a huge project at once.
An 88-story commercial building alone is already the tallest building in Hong Kong (it is still Central Plaza), not to mention that New Era Group owns two super large shopping malls here, as well as two large residential complexes. It can provide 6,000 residential units, and Xiangjiang only provides more than 20,000 residential units a year.
Big deal!
After New Era Group issued this announcement, the property market in Xiangjiang suddenly became hot again. This year, residential real estate in Xiangjiang has generally increased by 50%.
New Era Group.
Lin Zuhui looked at the New Era Group's stocks on the computer and couldn't help but marvel at the charm of the 'leader'. The market value of New Era Group has reached 75 billion, which has exceeded Lin Zuhui's expectations for this year.
Now that New Era Group has just released a large-scale project, I believe there will be no problem with 80 billion this year.
In fact, it stands to reason that New Era Group should be dragged down by the office building. After all, the office building has performed poorly in the past two years.
However, because New Era Group's office buildings are in good locations and well managed, it has always been regarded by investors as a model and benchmark for Xiangjiang Real Estate Company; in addition, New Era Group's non-recurring profits are very high every year, so investors Consider office buildings to be long-term investments.
The real reason for New Era Group's soaring growth is Lin Zuhui's charisma and huge land reserves.
After a while, Gao Yi from Chinese Real Estate came in.
"Boss, Toppan Printing has agreed to sell the Toppan Building for HKD 620 million, but the South China Morning Post said it still needs to ask the headquarters for instructions!"
Toppan Printing is a Japanese company that has been operating in Hong Kong since the 1960s. Now it is reasonable to sell the Toppan Building. First, a bubble crisis is erupting in Japan, and second, the Hong Kong office building has been in decline for more than two years.
Lin Zuhui said: "Then take the Toppan Building first, then the South China Morning Post Building and wait for the opportunity!"
Gao Yi nodded and said, "Well, I'll go communicate with you about the signing time!"
In Lam Cho-fai's view, this business is just a matter of convenience. If the two companies intend to sell the building, then New Era Group will take it. When Swire Properties wants to develop Taikoo Place in Quarry Bay in the future, it will naturally pay a high price. Bought two buildings from New Era Group.
A 50% profit in a year, making hundreds of millions, is still worth taking a shot. It is more trouble-free than speculating in futures contracts.
In the morning, Fang Jin also came to Lin Zuhui's office, still carrying something in his hand.
Lin Zuhui smiled and said: "I don't lack anything, don't give me anything else in the future!"
Although he was very satisfied with Fang Jin's attitude, Lin Zuhui really didn't need gifts from others.
Fang Jin put the things on Lin Zuhui's desk and said: "Of course you don't need anything, big brother, but I saw this painting "Qingcheng Mountain" by Zhang Daqian was being auctioned, and you happened to be away from Xiangjiang, so I planned to take it and give it to you.
!”
Lin Zuhui immediately became interested, spread out "Qingcheng Mountain", and then looked at it carefully. He was considered a half-collector, and his appreciation level was still high. He learned it from Xu Zhantang.
"What a painting! If you collect this thing, you might make more money than you do in real estate!"
"Then I have to understand it. Didn't the boss say it, don't do it if you're not familiar with it?"
Lin Zuhui raised his head and couldn't help laughing and said: "You remember all my words!"
Fang Jin continued to flatter him and said: "There are so many people in Xiangjiang who admire the big boss, how many of them have listened to the big boss's advice. I think our students back then, if they had listened to the stocks you introduced to the big boss, they would have already realized it by now."
Gain wealth and freedom!”
"Ha ha"
Lin Zuhui was in a good mood, and this flattery was on point. Until now, the training class he held back then was regarded as a small "stain" of Lin Zuhui, and it has not been made public until now.
But now think about it, if those people had followed their own advice and bought HSBC, it would have been like a pension system; even if they bought stocks of companies such as Sun Hung Kai, Cheung Kong, and New World, the interest rates would have been much higher than bank interest rates.
Then, Lin Zuhui asked: "Are you looking for me to purchase a house within Huijing Garden?"
Fang Jin shook his head and said: "We have already discussed the matter of Huijing Garden with Manager Chen Xiaofen, but I am still bothering you! Just come over and deliver the paintings!"
Lin Zuhui nodded, and then said casually: "You made the right purchase of Chungking Mansions. Renovate it and rent it out. As long as you manage it well, if nothing happens in two years, you can easily sell it for 5.6 billion. As for Feng Shui, in fact,
It’s all self-comfort. Now that you have children, don’t rush into business and don’t gamble, your assets will naturally grow rapidly.”
A rich man can spend a lot of money in luxury restaurants, wear suits that cost tens of thousands of dollars, live in a mansion worth hundreds of millions, and drive a luxury car that costs millions. These are nothing; people have never heard of a rich man who lives in poverty.
Yes, I have only heard of people losing their fortune due to failed investments and losing their money due to gambling.
Fang Jin nodded seriously. He admired Lin Zuhui very much. The boss had never entered a casino or taken the initiative to go to a nightclub. Of course, the levels were different. From the beginning, the boss regarded himself as one of the top people in Hong Kong.
, naturally interested in those too.
Now that he heard that the big boss could make a lot of money from the Chungking Mansions he spent a huge sum of money to buy, Fang Jin was immediately very happy. This business was paid for by himself and was not completed through a listed company.
The two chatted for a while, and then Fang Jin took the initiative to say goodbye!
As for Zhang Daqian's paintings, they were naturally kept, and Lin Zuhui didn't pay attention to these small things.
He has helped Fang Jin in so many ways. If it weren't for him, how could Fang Jin have squeezed into the Big D Conference? By acting as an agent for New Era Group, Great Wisdom Development also received a lot of resources first.
This time, more than 900 residential units in Huijing Garden are for sale, and there are only more than 300 internal purchase quotas (agents, large real estate speculators), and the rest are all released.
Real estate speculators can really make a lot of money in recent years. In February 1991, the price in the urban area was 2,000 yuan per square foot, in Kowloon it was 1,800 yuan per square foot, and in the New Territories it was 1,600 yuan per square foot;
At present, the price in urban areas is generally NT$3,000 per square foot, in Kowloon it is NT$2,800 per square foot, and in the New Territories it is NT$2,500 per square foot.
These do not include large housing estates, which are more expensive!
In another two years, the average price in urban areas will be HKD 5,000 to HKD 6,000 per square foot, and some high-end residential areas will be priced above HKD 10,000.
The current salary of a college student upon graduation is around 10,000. Assuming that he needs to buy a 500-square-foot Kowloon residence (total price 1.4 million), it will theoretically take 12.5 years.
If by 1994, the salary had risen to around 12,000 yuan at most (just graduated), but a Kowloon house cost 2.8 million (500 square feet), it would theoretically take him 18 to 20 years.
The further you delay, the less you can afford it!
Regarding these circumstances, of course Lin Zuhui can only follow the trend. Since he cannot change, he will become the largest real estate developer.
In fact, in terms of the supply of residential buildings, New Era Group ranks behind Sun Hung Kai and Cheung Kong, and is not the largest real estate developer (the supply of the three companies is about the same).
However, it is because of the value of New Era Group's rent-collecting properties, hotel assets, and Hengchang Holdings that its market value is much higher than that of other real estate companies.
Picking up a newspaper on the table, Lin Zuhui stared at a piece of news in trance.
The content of the news is: Li Chaoren purchased a 49% interest in the Manhattan Commercial Center in the financial center of New York, USA, through Concord Property Finance Group (a private company), using 448 million Hong Kong dollars. This is the first time that Li Huanggua has set foot in the United States since the 1980s. The country's large-scale investment has a strong momentum. The country's real estate market has hit a trough in recession, and the vacancy rate of office buildings in central Manhattan exceeds 20%. From the perspective of the recovery of the economic cycle, this purchase is beneficial. Li Chaoren is from Canada Real estate developer O&Y (Olympic and York) Company purchased the property. Both the buyer and the seller believed that this move 'strengthened the strategic ties between the two parties and provided more cooperation plans.' This was another masterpiece by the Chinese.
What bullshit news? What a joke!
I just bought half a building and boasted so much!
What's more, in Lin Zuhui's opinion - next year will be the best opportunity to buy.
As far as he knows, commercial real estate in the United States began to take off in 1993. In his previous life, Buffett resolutely bought commercial real estate near New York University in 1993. The return on this investment was very objective. The cash return on investment that year reached 35%. After the investment The cash return in the first five years reached 150%!
Therefore, next year, Lin Zuhui will ask New Era Group to buy commercial real estate in New York.
When the time comes, you can get Buffett to work together. The two have a good relationship and have met several times. After all, there are more than 400 high-rise buildings in Manhattan alone, not counting other commercial real estate, so it doesn't hurt to cooperate.
In addition, Citibank can also provide loans to strengthen cooperation between the two parties.
With the scale and development of New Era Group, no major bank in the world will refuse such a high-quality customer.
Beginning on October 9, New Era Real Estate launched 928 residential units in Huijing Garden. Within three days, 8,000 people registered, and queues grew. Homebuyers and speculators flooded the market.
The trend of speculation is so hot that it has become crazy!
This situation was widely reported by the media, and the real estate market continued to be hot. For a time this month, New Era Group was pushed to the forefront.
Fortunately, the new Financial Secretary took office at the end of October, so it is not like he was hit by a gun.