Chapter 993 The Beginning of the Intense Game

Wednesday, October 7th.

This morning, 15 banks in Hong Kong, led by HSBC, jointly announced that the bank's prime interest rate would be raised to 20%.

At the same time, the interest rate on home purchase mortgages, which is closely related to residents, has increased by 1% to 21%!

This is the highest interest rate in the banking industry since the opening of Hong Kong! !

Even during the real estate boom seven or eight years ago, we had never seen such high loan interest rates.

If saying this makes everyone feel unimpressive, then you can compare the loan interest rates in Xiangjiang three years ago, that is, the year Yin Jun came to Xiangjiang.

That year, Xiangjiang’s real estate had not yet started and was still recovering slowly.

Therefore, the best loan interest rate in Xiangjiang this year averaged only 6.68%, and the home purchase mortgage loan interest rate was slightly higher, at 10.62%.

Such a comparison.

In just three years, the minimum interest rate has doubled, and ordinary loans have increased to about three times! !

What kind of pressure is this?

Anyone who wants a loan to start a business will cry to death!

If they started taking the loan three years ago, based on current interest rates, it would be equivalent to using the loan for several years in vain.

This is of course a good thing.

But the problem is that if they want a loan now, it will be equivalent to three times the interest on the loan three years ago! The interest expense is scary!

The problems of businessmen are not that widespread. After all, there are more than 6 million people in Xiangjiang, and there are only a few hundred thousand businessmen. The number of businessmen who need loans may only be half of them.

Ordinary people are different.

Buying a house is a matter for almost every household, but most people have no money, so they can only buy a house worth hundreds of thousands or even millions of dollars by relying on loans.

Well now, the interest has doubled, and it will directly cost hundreds or even two or three thousand more income every month. Who can bear this?

When a family bites the bullet and wants to buy a house, many factors will actually influence their final decision.

For example, if the interest rate doubles every month, their tense nerves will immediately break and they will never be able to find the courage they had before.

So for a time, many people who saw the skyrocketing housing prices and wanted to take out a loan to buy a house immediately felt like cold water was poured on their heads, and their minds became much clearer.

Should I buy a house now?

Is it possible to borrow so much money on a house and still be able to repay it?

Is a house something you have to buy at the expense of everything else?

Will I be able to live well if I buy a house?

Is it really impossible to continue life without buying a house?

…

Thoughts like this echo in the hearts of many people.

In response to such "dangerous" ideas, real estate developers in Xiangjiang immediately responded as quickly as possible.

On the morning of the 7th, HSBC and others announced this decision. In the afternoon, more than 20 newspapers including the supplementary "Kilin Daily" and "Pear News" published a series of statements from Xiangjiang real estate developers.

"Our company very much supports the bank's decision to respond to the situation, but in order to meet the rising demand for home purchases from citizens, our company's finance company will provide interest subsidies for every home buyer, up to 10%!" ——Chinachem Group.

“New World Development has always put the interests of citizens first. With interest rates rising continuously, we are willing to address the concerns of citizens and subsidize the interest of home buyers on home purchase payments, so that citizens can enjoy the best discounts. interest!"

"Don't be afraid of high interest rates from banks! Eagle Real Estate has everything for you! For details, please contact xxxxxxx"

"Let every home buyer get the respect they deserve! Sun Hung Kai promises that the actual loan interest paid by each home buyer will not increase by one cent!"

"Hang Lung Group has launched various discounts, including 5-year, 10-year, and 20-year loan interest subsidies for home buyers. You will be surprised when you call!"

"..."

Well, locality has great benefits.

In less than half a day, smart real estate developers immediately took proactive measures to respond. This is something you will never see in mainland China.

Originally, many citizens had given up their desire to buy houses, but due to their stirring, many citizens' hearts became active again.

no way.

You can't blame them for being careless, but the magic of the house is definitely the most worrying thing for Chinese people.

As a result, from afternoon to evening, the property sales departments of major real estate developers were all crowded with people.

Everyone is asking whether this kind of discount is real, how will you refund the interest to me after I buy a house...etc., which makes every real estate consultant very busy.

But the effect of this is also amazing.

In the half-day on the 7th alone, the number of home purchase agreements signed reached the total number of houses sold in the first six days of October!

Faced with the influx of loan applications, banks such as HSBC were dumbfounded.

They didn't expect that with such high interest rates, people could buy houses so carelessly.

Although there are subsidies from real estate companies, are you really not afraid of further increases in loan interest?

If it's higher...

I'm afraid it's not just the banks that will take action. The Chief Secretary and the Finance Secretary will definitely take heavy action to curb this crazy behavior.

…

Standing on the top floor of the manor, Yin Jun looked down the mountain full of lights.

The layout of the luxury houses on Victoria Peak is very unique. No house is blocked by other houses, and everyone can see the scenery at the bottom of the mountain.

This condescending feeling of looking down greatly satisfies the psychology of the rich, so this is also an important reason why the houses in Victoria Peak are the most expensive in Hong Kong.

It was already 9 o'clock in the evening. Although the night view of Xiangjiang has not yet become as bright as "one of the four major night views in the world" 20 years later, in this era, it is already very prosperous.

Yin Jun could still see at this time that there were many construction sites busy working in the city under the mountain.

Xiangjiang people have many shortcomings, but in terms of hard work and hard work, at this point in time, they are still much better than people from the mainland.

Chao Li just called Yin Jun.

Since last year, Cheung Kong has started to consciously reduce the development of medium and long-term properties. This year, it has not started construction of any new properties. Now it only has about 15 properties in hand, and the area and number of units are not large, and the ones currently for sale are not large. However, with more than 1,200 units, it is among the top ten real estate developers in Hong Kong and has the least number of houses launched.

Many people don't understand Li Chaoren's approach. They think that after he got Hutchison Whampoa, he was satisfied and lost his enterprising spirit. He just wanted to keep his achievements.

Only Li Chao can understand that he is not timid at all, but is frightened by the crazy housing prices. He feels that sooner or later it will collapse, and the collapse must be an avalanche, so he must be stable and keep the hard-earned peace. Remember Huangpu so that you can continue to develop after the collapse.

Therefore, Li Chaoren did not pay attention at all to the crazy profits generated in these few months.

Compared with the comprehensive development in the next few years and more than ten years, the proportion of this profit is still too small.

He is not sure that he can dance on the tip of a knife like Yin Jun, so he would rather give up the current uncertain interests, even if these interests seem too tempting.

That's the good thing about Li Chaoren.

He is not greedy.

A person who is not greedy will rarely suffer losses when doing business.

The final downfall of those wealthy people was mostly due to their greed and desire for more.

And those rich people who survived to the end were all cautious and down-to-earth business people.

You can say that they are old-school and have missed the best opportunity to make money in the Internet era.

But why don’t you think about it, if they invest in Internet companies when they see them, will they still have assets of 20 to 30 billion US dollars by 2020?

During the first Internet crash in 1999-2000, no matter how big your fortune was, you had to lose money. Tens of billions are nothing? Hundreds of billions were instantly wiped out.

In Silicon Valley, you think there are many miracles, such as GOOGLE, Facebook, Twitter, Uber, INS, disappearing after reading... It seems that you can earn one by investing in it, right?

But if I told you that on average, more than a hundred ideas are created in Silicon Valley every day, and more than 30 companies close down every day, would you still think that venture capital in Silicon Valley is very good?

In fact, everyone only sees these successful companies, but ignores that they stand on the bodies of countless losers.

If Hong Kong's wealthy people gather together to invest in Silicon Valley, no matter how much money they have, they won't be enough.

Therefore, everyone is similar to Li Chaoren. Since I don’t understand this aspect, I won’t do it. Everything will be done as before and we will move forward steadily.

This is the wisdom of the Chinese people, but it is not only the wisdom of the Chinese people. Many century-old stores in Europe and the United States do this.

Including Wal-Mart, including Volkswagen, including Chanel...etc.

My thoughts wandered a little far away.

Yin Jun slowly recovered his thoughts and focused on the present.

From now on, I'm afraid it will be another game.

Although Cheung Kong Group has not gone deep into it, once it involves the interests of all real estate developers, Li Chaoren will definitely follow them forward, regardless of whether it is against the Hong Kong government.

The Xiangjiang government and real estate developers are inseparable from each other, but they all want to hold the other party tightly and let them take the next step according to their own wishes.

Their fight is nothing, the key is that these common people below are really in a bit of a dilemma when facing the fierce and turbulent game!

It's difficult now, but nearly a year later, it won't be as simple as being embarrassed.

An unprecedented catastrophe is about to sweep across Hong Kong! !