Chapter 1003 Strike Hard!

At the end of September, the real estate market price in Xiangjiang reached the highest level in history, which greatly stimulated the Xiangjiang government.

HSBC and other banks have begun to significantly increase prime lending rates and mortgage rates, which is just the first step.

Seeing that real estate developers, together with some of their own or affiliated financial companies, began to subsidize the interest on various housing loans, the Xiangjiang government immediately came up with a new strategy.

The Chief Secretary personally announced at the press conference that the Hong Kong government has always supported real estate transactions, but the real estate market in Hong Kong needs healthy development and cannot be so radical.

Therefore, some expedient measures also need to be corrected in real estate transactions.

The most important point is to cancel the "instalment payment" policy for real estate developers when buying land.

As soon as this news came out, the entire Xiangjiang real estate market was immediately shaken violently.

Land in Xiangjiang is definitely one of the most expensive commodities in the world.

Usually a piece of land can be worth hundreds of millions, hundreds of millions, or more than a billion!

This is Hong Kong in the 1980s, not 40 years later.

Nowadays, the monthly income of residents in Xiangjiang is only about 1,800 Hong Kong dollars at best. By comparison, you can know how huge the land price of hundreds of millions is, which is an astronomical figure.

The real estate developers in Xiangjiang are rich, but they are not very rich.

For example, the five new Chinese-owned companies include Sun Hung Kai, Cheung Kong Holdings, Hang Lung, Hopewell Holdings, and Wharf. The one with the highest market value is Cheung Kong Holdings, which has annexed Hutchison Whampoa, but it is only about HK$7 billion.

Oh, by the way, when Li Chaoren purchased Hutchison Whampoa, he still relied on loans to pay in installments. Now Cheung Kong Group still owes HSBC billions.

If Wharf were to add the rest of the Bao family's property, it would be around 10 billion. However, Bao Yugang would definitely not put all his eggs in the same basket, so Wharf's current market value is less than HK$6.5 billion. .

Another example is Henderson Land Development, which just went public. Even if they issue an additional HK$1 billion, they only have a market value of HK$3 billion.

That's just right. In fact, the top ten Chinese-owned real estate developers usually have a market value between HK$3 billion and HK$5 billion.

These funds are all used in projects, and it is not just your own money. Bank loans account for a large proportion.

If a company like this wants to buy a piece of land, can they afford the astronomical sum of hundreds of millions of Hong Kong dollars in one go?

It can be done reluctantly, but if you buy this piece of land, will you stop doing other business?

Of course not!

Therefore, a few years ago, they discussed a workaround with banks and the government.

installment.

Pay in installments to buy land.

For example, I bought a piece of land in Sheung Wan for about HK$500 million. When I won the bid, I would pay HK$50 million first and pay the remaining amount over three years.

In this way, the government can sell the land at a substantial increase in price, and I can also benefit from it, thus further pushing up housing prices.

This is also one of the reasons why housing prices in Xiangjiang have been rising in recent years.

Now, MacLehose had made up his mind to rectify the real estate market, or at least to firmly tie up this wild horse, so he cut off the real estate businessman's weakness with such a decisive blow.

In fact, this is similar to people buying houses through installment payment. What should they do if they don’t have money and want to do what rich people do? loan! installment! !

In this way, even if you have to bear some loan interest, you can still buy your favorite products immediately.

Specifically speaking of real estate, after buying it, you can enjoy the dividends brought by the appreciation of the real estate. Compared with the increase in the price of houses and land, the mere interest is nothing at all.

But what if the government controls your installment payments and prohibits you from borrowing money to spend in advance?

The result is also very simple. Home buyers will no longer be able to buy houses, and real estate developers will no longer be able to buy land.

Judging from the current crazy situation in the land market in Hong Kong, except for the giant Jardine Matheson & Co., which can spend HK$10 billion to acquire land, other real estate developers, even Cheung Kong Holdings and Wharf, are unable to acquire more Several plots of land.

As for those medium-sized real estate developers, they can only take two or three pieces of land at most, which is considered saturated and cannot be taken away.

What an exaggeration?

Even Eagle Real Estate, which is not ranked among the top ten, has a total of 8 real estate projects under construction and sales at the same time this year.

What if they wait until they have exhausted all the land they currently have and suddenly can only start 2-3 projects at the same time a year?

Bank loans, workers' salaries, company profits...etc. are not guaranteed!

So, everyone suddenly became panicked.

If HSBC's strategies in the past few days only made these real estate developers nervous and frowning, now the government's measures are directly killing them.

Although it is impossible for those who are engaged in real estate to have no land reserves at all, if the government continues to do this, at most within three to five years, these real estate developers will be severely damaged and reduced to scum.

As the most powerful chamber of commerce in Xiangjiang, the Xiangjiang Real Estate and Construction Chamber of Commerce immediately held a meeting, and because it was a plenary meeting, Yin Jun was also called.

However, Yin Jun did not speak. He just sat in the corner and listened to their heated discussions and discussions.

The people who can enter here are all the big guys in Xiangjiang who can affect the housing prices with just a stomp of their feet. Seeing them showing their true nature and constantly trying to find ways to tide over the difficulties, Yin Jun couldn't help feeling that on this earth, let alone Xiangjiang, Even in the United States and the United Kingdom, it is always the people who set the rules of the game who have the greatest power.

No matter how much assets you have, hundreds of millions or billions, as long as the government is determined to mess with you, there is nothing you can do.

Like Yin Jun, Mr. Huo was silent.

But unlike Yin Jun, Yin Jun did not have a real estate business, so he stayed out of the matter and said nothing. Mr. Huo clearly controlled the lifeblood of Xiangjiang real estate businessmen - Hesha, but he still did not speak.

Even if someone asked him, he would smile and say nothing.

Ever since the Xiangjiang government began to suppress Mr. Huo in the 1970s, he has been like this in the Xiangjiang Real Estate and Construction Chamber of Commerce. He is a bit like a silent god overlooking all living beings.

However, he still has irreplaceable construction resources in his hands, so everyone has nothing to do with him and dare not offend him.

Everyone knows that Mr. Huo is unhappy. Firstly, he is unhappy that no one supported him when he was suppressed. Secondly, he is unhappy that in recent years, everyone has moved closer and closer to the Xiangjiang government for the sake of profit.

However, knowing it, we know that there is nothing we can do to change it.

After all, Xiangjiang is still under the jurisdiction of the British. They don't have Mr. Huo's confidence and background to go against the British.

Therefore, everyone can only act like an ostrich and pretend not to see the contradiction.

With Xiangjiang's real estate businessmen behaving like this, it's no wonder that Mr. Huo has rarely appeared in the outside world in recent years and generally keeps silent.

However, at this time, Mr. Huo, who was sitting next to Yin Jun, was chatting with Yin Jun in a low voice with great interest.

"Ajun, I'm going to Huajing during the Chinese New Year. Will you come with me?" Mr. Huo asked.

"I should go to the United States. There are still a lot of things going on there... Mr. Huo, what's the matter?" Yin Jun asked.

"Oh, actually it's not a big deal. It's just that Mr. Xiao and Mr. Yun over there want to meet you and talk to you about the future of our country." Mr. Huo said with a smile.

Yin Jun was startled, "Tell me about national affairs? I don't understand even if you tell me!"

"Look at how timid you are. You are so much worse than I was when I was young!" Mr. Huo snorted softly, "That's the only bad thing about you literati, you are timid!"

When Mr. Huo was a teenager, he dared to hold a wooden boat and brave artillery fire to travel between the two sides of the Taiwan Strait to earn his first pot of gold. Compared with him, Yin Jun was certainly not bold enough.

But Mr. Huo didn't mean any contempt.

In his opinion, although Yin Jun is a little weak, he still has the spirit and strength in his body, making him a very rare good prospect.

He said that he could not wait until a hundred years later. The important task of maintaining the connection between Hong Kong and the mainland would have to fall on this young man.

In the past, Mr. Huo was optimistic about Li Chaoren. Although Li Chaoren was a bit gloomy and selfish, he had never suffered losses in major events, so he was considered the best candidate.

But it's different now. After Yin Jun was born, he swept across the entire business community in Xiangjiang. His methods were very sharp and violent, and everyone was exhausted and unable to defend themselves.

Corresponding to his methods is Yin Jun's character, which is unexpectedly gentle. He is well-known for his conduct in life, knows how to repay kindness, is humble and polite.

Such an extreme contrast made Mr. Huo unconsciously very interested in Yin Jun, so he also came to meet him.

Yin Jun's performance after that made Mr. Huo even more satisfied, especially the fact that he firmly withstood the pressure from Baodao and managed to run the electronics factory in Lin'an, giving many patriotic people who were willing to repay the motherland Businessmen, an extremely dazzling beacon.

Therefore, Mr. Huo has now changed his mind and wants to train Yin Jun well.

However, he also noticed that Yin Jun was extremely indifferent to politics and was not willing to get close to the big guys at all. He seemed to have a bit of a political mystique.

This made Mr. Huo feel a little emotional, it was too late for others to get in touch with you, but you just rejected them thousands of miles away. It was really interesting.

This is one of the reasons why Mr. Huo said that Yin Jun was "cowardly".

But Yin Jun didn't take it seriously, "Mr. Huo, I'm just a businessman. Let me contribute my strength to the country and nation in business. I really don't want to care about the rest."

"You are in the middle of the game, so you just don't want to pay attention to it?" Mr. Huo couldn't help but sigh, "Don't worry, they won't do it again now... As long as you can keep your heart, the mainland of the future will The business world is your world!”

"I'm not worried. In fact, I'm full of confidence in the mainland." Yin Jun laughed, "You should also take care of your health. Then you can see how our motherland will become a world power in 30 years." In line!"

"Then why don't you get in touch with them more? With their help, you will avoid many detours!" Mr. Huo was surprised to see Yin Jun's confidence.

"Now is not the time. I am looking forward to a better opportunity." The young man said seriously.

"hehe."

Mr. Huo did not understand what Yin Jun meant. He felt that Yin Jun was still a little unsure about the current situation.

This is also normal.

Normal people would not be so absolutely trusting, especially after seeing what happened in the past few years.

"It's up to you!" Mr. Huo said thoughtfully, "But the people above asked me to tell you that the mainland supports all your investment activities, so don't worry about it, just do it boldly!"

"good!"

Yin Jun replied calmly.