Finally, 1992 came, and Lam Cho-fai also moved into No. 75 Deep Water Bay, which was regarded as a top-notch luxury house in Hong Kong. The villas on Nanwan Road combined were naturally considered top-tier properties, but if calculated individually, they were still a bit short.
On this day, Lin Zuhui led Wang Lingyin and his two sons to officially move in with the ceremony of moving into their new home.
As for other family members, they will come later, but they are half host and half guest. If Lin Zuhui is at home during the two weekends, he will invite everyone to come to the party or stay in the villa.
The rest of the time, everyone is still in their respective villas, enjoying their own space.
At around 10 o'clock in the morning, Villa No. 75, Deep Water Bay, suddenly became lively. There were 12 children alone, so you can imagine how noisy it was. Of course, no matter how busy Lin Zuhui was, he would occasionally play with the children for a while.
But in fact, he did spend very little time with his children.
In this situation, he knew in his previous life that He Sheng's children were also facing this problem.
But it doesn’t matter. When these children grow up, they will definitely be more filial than 99% of children from families, because their fathers are very rich. As for whether they will become successful, I believe they have a 90% higher chance than children from ordinary families. They have been accepted since childhood.
Elite Education.
After playing with the children for a while, it happened to be lunch time. One table for adults and one table for children. This is Lin Zuhui's family rule established in the past year.
As for not chatting while eating, that's impossible. Lin Zuhui has little time to spend with others, so if we don't take advantage of eating to communicate, it would be a waste of time.
Kwan Jiahui couldn't wait to share: "I recently bought a beautiful shop in Causeway Bay. Guess how much it cost?"
Lin Zuhui smiled and asked: "Where is it?"
Guan Jiahui didn't know what was going on, her heart was beating too fast, but she still said honestly: "On Percival Street, the area is only 600 square feet!"
Lin Zuhui immediately pretended to be excited and said: "The premium is 20%, how about you transfer it to me?"
Percival Street is also one of the most expensive streets in Causeway Bay in later generations. It is directly connected to Russell Street. This year (1992), the shops can increase by at least 50%. And next year (1993) due to the opening of Times Square, Russell Street and the surrounding areas will
, the store still needs to increase by more than 50%.
According to a piece of news that Lin Zuhui saw in his previous life, in early 1994, the monthly rent of a store in Causeway Bay was as high as more than 3,400 yuan per square foot, which means that for a 1,000-square-foot store (111 square meters), the monthly rent could reach 3.4 million yuan.
, the annual rent is 40 million. During the same period, a buyer offered a shop in Xiangjiang Building 190,000 yuan per square foot, but the owner was reluctant to sell it.
During the same period, the rent of shops in Xiangjiang has ranked first among 12 major cities in the world!
But now, firstly, the re-opening has not yet started (which affects the number of tourists in Hong Kong), and secondly, Times Square has not yet been unveiled (which will drive the development of the retail industry in the entire area). Therefore, from Lin Zuhui's perspective, Guan Jiahui has bought a treasure.
It may triple within two years.
Guan Jiahui suddenly had no choice but to say: "Oh, I'll transfer it to you tomorrow! I'll buy it for 65,000 per square foot, for a total price of 39.5 million."
The girls laughed again. This man liked this woman, but he also liked teasing Guan Jiahui the most.
Guan Jiahui saw everyone making fun of her, and looked at Lin Zuhui's face, which seemed to be teasing. She immediately understood that this man had so many properties, how could he be interested in one of her shops. However, she felt that she could not take the initiative to say not to sell, and she had to appear generous.
.
Seeing that the joke was almost over, Lin Zuhui said: "It's a good purchase. You can't miss the shops in Causeway Bay. They will go up sharply soon. Keep it, I'm just kidding you!"
Guan Jiahui then looked at Lin Zuhui with a charming look, and said with a smile: "I am sincere, I will give it to you if you like me!"
Lin Zuhui smiled and said nothing. Under Lin Zuhui's guidance, these women sold half of their mid- to low-end residential units last year, and then moved on to purchase luxury residential units, shops, and office buildings.
Of course, they now have their own investment companies and investment staff from the family office as consultants. Therefore, Lin Zuhui only needs to determine the general direction.
In addition, the four women who immigrated to America also purchased a total of 5 points of Oracle, which cost 350 million Hong Kong dollars.
After a brief chat about investment, the girls started talking about their children. Lin Zuhui has four children in kindergarten. Some are naughty and some are quiet, but they are all smart. It seems that genes are really important.
After spending a day with his family in the villa, Lin Zuhui invited everyone to watch "Blue Life and Death Love" in the evening. When he saw that the little boy dropped the birth tags of the two girls on the ground because of his naughty, and the nurse randomly threw the two birth tags away.
After hanging up, all the girls became dissatisfied.
"This is a TV series! You all live in the VIP delivery room, and there are private nurses throughout the entire process. This kind of situation may happen there." Lin Zuhui said with a smile.
This bloody scene has just begun!
On the first day of the new year, Zheng Yutong came to Lin Zuhui's office.
Lin Zuhui welcomed him with a smile and sat down on the sofa. The two made tea and chatted.
In Xiangjiang, the competition between New Era Group and New World Development is smaller among the giants, because New World Development does not pay much attention to the development of real estate, and they pay more attention to hotels and rent-collecting properties.
Moreover, what Zheng Yutong dislikes the most is the top price. He usually does not bid high prices at auctions and likes to cooperate with social groups to develop properties. In addition, if the bidding for any industry is fierce, Zheng Yutong will even give up the bid and even participate in the bidding.
All interest is gone.
Once real estate prices fell, other real estate developers would cut prices and promote sales. Only New World still insisted on selling at market prices. Zheng Yutong's reason was that he would not stand up to the bad market.
This is what a person’s character is!
Lin Zuhui smiled and said: "Uncle Tong is planning to sell the property again, right?"
This chapter is not over yet, please click on the next page to continue reading! After Zheng Yutong returned to business, he sold 1.2 billion properties last year, which shows his great determination to reduce debt.
However, Lam Cho-fai only bought a property worth NT$355 million. In July last year, Zheng Yutong sold a shop in Meixiang Mall, involving HK$115 million in cash; in August, New World sold part of its interest in No. 12, May Road, involving capital of HK$240 million.
In October last year, Zheng Yutong sold all parking spaces (parking spaces) and part of the property in the high-end residential area Mei Foo to obtain HK$835 million in cash.
Lin Zuhui no longer needs to invest in high-end residential units, but his daughters have needs. However, at that time, everyone's funds had not been cashed out from ordinary residential funds, so they did not participate.
Zheng Yutong showed a Maitreya Buddha smile and said: "You have analyzed me clearly. Yes, I plan to sell a total of 5 floors of the luxury residential building in the Convention and Exhibition Center. Are you interested?"
He knew Lin Zuhui well and knew that Lin Zuhui personally would not invest in residential units, but this guy had a group of women, so he naturally had needs.
Lin Zuhui said with a smile: "Of course I am interested, I bought them all! But I told Uncle Tong that if he sells it slowly, the price may be higher!"
He didn't need to hide it, so he reminded Zheng Yutong kindly.
The convention and exhibition center is equivalent to five buildings, one is the convention and exhibition center (large base or podium), two hotel buildings, one office building, and one luxury residential building with hotel self-service management.
Hui Jing Pavilion, as the official name of the luxury residential building is, has a total of 37 floors, a total of 630 residential units, and a floor area of 720,000 square feet.
Zheng Yutong responded nonchalantly: "I also know that houses will continue to rise, but houses cannot keep rising. I have been reluctant to sell. In this way, New World Development's debt can be reduced! Therefore, I will sell you the fifth floor.
There are a total of 85 residential units, and the price is HK$435 million. This is the information, take a look for yourself!"
Very refreshing! Look at it, it will be sold this year!
Lin Zuhui picked up the information and briefly looked at it. The 85 residential units totaled 93,500 square feet, with a total unit price of 4,650 yuan per square foot.
It's quite a bargain. I estimate that in two years, the price will rise to about 10,000 per square foot without any problem.
Importantly, the building adopts hotel self-service management, making it convenient for foreign businessmen resident in Hong Kong to live with their families. It is very popular among high-income white-collar workers in Hong Kong, so it can be used for long-term rent collection.
"Well, I want them all! I'll ask them to register and pay later! Don't say I bought it, just treat it as an investor buying it!"
Zheng Yutong burst out laughing and said, "In terms of romance, Ah Shen is not even half as good as you!"
Lin Zuhui expressed his acquiescence!
After Zheng Yutong left, Lin Zuhui smiled. Although he did not like high-end residences and luxury residences, the girls needed them more.
Lin Zuhui originally planned to sell some units in Block 2 of Diligende Pavilion to the girls. But now it seems that that is no longer necessary.
When Lam Cho-fai invests in luxury residences, he directly joins hands with New Era Real Estate, acquires land from the Hong Kong government, and then carries out cooperative development; after the construction is completed, it is all used for rent.
Of course, he will not always hold it in his hands. For example, the second block of Diligende Pavilion will probably be sold at the end of 1996, and only three blocks will be retained for sale in 2015.
Speaking of the Mid-Levels luxury residential project, New Era Group has only developed three towers of Ligende Court on one site, with a height of 66 floors and 158 residential units. There is no real significance in acquiring a piece of land to develop the Mid-Levels luxury residential project.
In the past two years, Sun Hung Kai has developed Royal View Garden and Xiaofeng Pavilion in Mid-Levels, but they can only be regarded as entry-level projects for luxury homes in Mid-Levels. Currently, land for luxury homes in Mid-Levels is relatively scarce, but there is still a large piece of land near Diligende Pavilion.
As for the land, I just don’t know when the Hong Kong government will auction it.
On the same day, Chinese Real Estate made another success and purchased the South China Morning Post Building for HK$420 million. This was the second time Chinese Real Estate purchased a property building in Quarry Bay since it purchased Toppan Building for HK$620 million last year.
For a time, people in the industry paid attention.
Purchasing a rent-collecting property building worth just over 1 billion is an act against the market, because the Hong Kong office market has never recovered since the real estate crash in 1989.
In the first half of 1989, the highest rent in Exchange Square reached a historical high of 85 yuan per square foot per month; but by January 1992, the highest rent there was only more than 60 yuan per square foot (the highest level).
Office buildings in Central are currently generally around NT$50 to NT$56 per square foot, which is still lower than the NT$60 per square foot before the plummet. In Wan Chai and Causeway Bay, prices are generally around NT$40 per square foot, which is about the same as before the plummet.
The overall level of office buildings in Xiangjiang is about 26 to 56 yuan per square foot per month. The important thing is that the vacancy rate is very high, generally around 12%.
Secondly, Chinese Real Estate suddenly broke into Quarry Bay, the home base of Swire Properties, which also made people feel that something was wrong.
Quarry Bay has special significance to the Swire Group. A century ago, Swire opened the famous Taikoo Sugar Factory in the Far East at 28 Sugar Factory Street, Quarry Bay.
Moreover, in the 1980s, the Swire Group had been actively acquiring properties in Quarry Bay, which shows that it regarded this area as "private land".
Everyone speculated whether Lin Zuhui was eyeing the Taikoo Group. After all, he was also a 'sniper' before.
However, the Swire Group is not so easy to deal with. The Swire Group's Schyok family has been insisting on developing in Hong Kong and Taiwan, which can be said to be the same as the Kadoorie family. But they have no solution than the Kadoorie family, because Swire Properties has not been listed on the market. Swire Properties has not been listed on the market.
Although the group is listed, the Shiyok family has a very large shareholding, making it impossible for others to take advantage of it.
In addition, Cathay Pacific would not have been able to go public and sell its shares to domestic investors if it had not considered the excessive use of Jiuqi. However, most of Cathay Pacific's shares are still in the hands of the Swire Group, and there is no loophole for others to exploit.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! As long as the major shareholder holds 35% of the shares, it is equivalent to occupying a favorable position; if it holds more than 40% of the shares, it is almost difficult to be acquired unless you do something.
There is no strength; if it accounts for more than 45% of the shares, it is almost foolproof.
Swire Properties is a very conservative real estate company. Currently, it does not have the ability to develop sites (no land). It mainly manages rent-collecting properties. The rent-collecting properties mainly include Pacific Place in Admiralty (5 million square feet), Cityplaza (5 million square feet),
3 million square feet), luxury residential properties, and some rental properties in Quarry Bay. It is strong, second only to Chinese Land, and even better than the current Wharf.
Shi Yadi is the current head of the Swire Group, and he is the son of Shi Yoke.
He summoned Swire Properties CEO Kan Kee-fu and asked: "What do you think of Chinese Land's acquisition of two buildings in Quarry Bay?"
Jian Jifu thought seriously: "We already own three buildings in Quarry Bay, and currently there are three buildings including the Telecommunications Building in the hands of other people. The behavior of Chinese property buyers is indeed abnormal. They have always only liked to live in Central and Wan Chai.
, Causeway Bay acquired building properties, and now it has come to Quarry Bay, and acquired two buildings in a row, which makes people suspicious. "
Shi Yadi said: "Some people say that a prosperous land is born in Hong Kong every 10 years. The Western District area was extremely prosperous more than a hundred years ago, and then Central, Wan Chai, and Causeway Bay prospered one after another. So, do Chinese real estate developers think that Quarry Bay is the next destination?
Where is a prosperous place?"
Jian Jifu nodded seriously and said: "In this case, there is no malicious intent, it is just a normal investment!"
Shi Yadi said: "The office market is so bad, but he is still investing heavily in Quarry Bay. Does Lin Zuhui think that office buildings will be prosperous again? Let's take a look at the situation first!"
"OK!"
At this time, the two of them had not realized that if the buildings in Quarry Bay were rebuilt as a whole, it would really become a commercial center. Of course, once the office market becomes strong, the Swire Group will naturally realize it.
It's no wonder that the two of them had to discuss Lin Zuhui's intentions, because Lin Zuhui has grown through acquisitions along the way. It is not an exaggeration to say that he is the originator of Hong Kong's "sniper", and Liu Du can only be regarded as his younger brother.
Of course, Lin Zuhui's attack was not to blackmail the major shareholders, but a real acquisition. Liu's attack was to get the major shareholders to obediently pay, and of course there were real acquisitions.
As a result, some commentators divide Xiangjiang’s acquisition experts into three categories:
The first category: Shanghai-style acquisition method, represented by the chartered ship king. The chartered ship king has no skills in acquisitions, he just throws money and relies on strength.
Category 2: Li Chaoren’s acquisition. It is also a ‘bona fide acquisition’, most of which involves negotiation with him, but he will find the best time to negotiate.
The third category: Lin Zuhui’s acquisition. First, he secretly absorbed it, and then suddenly launched the acquisition, catching the major shareholders off guard. This acquisition method only emerged in the 1980s, and Liu Luanxiong and others were considered a branch.