Chapter 1254 A Fall! !

Friday, September 24th.

No matter how volatile things were before and how fierce the confrontation was, there is no need to care about these things.

When the Iron Lady was walking down the Great Hall, she fell because she was distracted and was captured by the Kylin TV cameramen who were following her all the way.

Immediately, this scene spread throughout Asia and the world.

Without much explanation, the stock market in Xiangjiang plummeted 120 points that day!

You know, the current Hang Seng Index is not over 20,000 points as it will be in the future, but only about 1,000 points. It has lost more than 12% of its share in one day. This shows how great the psychological impact of such things on the people of Hong Kong.

In the past, although housing prices in Xiangjiang skyrocketed and life pressure was extremely high; although banks were involved in bank runs one after another; although various situations were unstable, people still had a simple wish in their hearts.

That is, the external environment must be stable!

They deeply hope that this time the Iron Lady and Huajing will reach an official agreement, or a compromise, so that Xiangjiang can continue to be maintained like this without changing all its systems and lives to synchronize with the mainland.

But with the iron lady's fall, all hope was lost.

Seeing the glorious Iron Lady who arrived in Huajing a few days ago, she was so lost. Anyone who is not an idiot would know that the negotiations had broken down.

What are the consequences of a breakdown in negotiations?

No one wants to think about it.

Don’t even dare to think about it.

But this panic was directly displayed in the market.

It's not just the stock market. Early the next morning, as the Iron Lady left Huajing in despair, the Hong Kong Banking Association announced that starting from today, it would stop long-term loans to any company and switch to short-term loans.

This is definitely a bolt from the blue for companies in Hong Kong, especially real estate companies that are in urgent need of funds.

Without the support of bank funds, how could they sustain a project for up to two or three years? How is it possible for a company to support the simultaneous operation of several or more than a dozen projects?

With your own funds alone?

That's a joke!

Even if a super rich man like Yin Jun puts 5.5 billion Hong Kong dollars in a real estate, he can only support it for one or two years at most! And there can't be any accidents during this period, otherwise we will have to continue to add funds.

Who dares to say that this crisis in Hong Kong will only last for a year or two? What if it's three to five years?

This is a very fatal thing!

At this time, Hong Kong's largest real estate developer, Hong Kong Land Company, also bought two entire pages of "Kilin Daily" and announced that all 15 of its company's properties would carry out major promotions, with house prices reduced by as much as 12 %-25%!

In the previous price reduction promotion for more than a month, many real estate developers in Xiangjiang participated, but the real estate company has always been aloof and unwilling to be like those Chinese-owned real estate companies.

At that time, many people were saying that Land had strong connections in the UK. They must have inside information about the Iron Lady's visit and knew that the negotiations would go smoothly, so they did not panic and waited until the situation stabilized. Then ship slowly.

What I didn't expect was that Real Estate also bet on the wrong thing. I waited and waited, but what I waited for was such bad news.

With Land's aggressive strategy in the past two years, they have squeezed out a large number of housing units, and they are all high-end housing.

Now it’s better, the biggest discount in one go is actually 25% off!

This is not only unprecedented in the history of Land, but also absolutely rare in the real estate market in Hong Kong, at least not in the past two years.

As we all know, the price collapse of real estate certainly does not start from the cheapest, but starts from the highest end of the market, thus affecting mid-range real estate, and finally spreads to all real estate.

Land's current price reduction has undoubtedly become the trigger for an avalanche in the real estate market.

When all the real estate developers in Xiangjiang watched in horror as they did this, they discovered something even more shocking.

That’s such a high drop. In two days, not one of the houses sold was sold! ?

What the hell is this! ?

Aren't you supposed to buy it now that the price has dropped so much?

Haven't you been suppressing it for a long time and been buying houses like crazy some time ago? Why aren't you moving now?

Why don't you move?

Well……

The above sentence is quite ambiguous, but it reflects the extremely anxious mood of real estate developers.

Real estate developers no longer care about Land's shameless large-scale price cuts. They are now ten times more anxious than before.

It would be better if the land house was sold.

If you can't sell it...

How many houses in Xiangjiang do you think can be sold?

As a result, everyone's panic came true.

Two more days have passed, and the Land's house has still not been sold. No one has made a move.

Such a weird atmosphere not only made the real estate businessmen shiver, but also the citizens of Xiangjiang felt terrified.

But really no one dared to take action.

Because no matter how idiot you are, you can imagine that if there is a war, you will not know whether the house will be yours tomorrow if you buy a house today.

Although the people from the north have been saying in the past few days, please don’t worry Hong Kong compatriots, we are a family, but such panic and decades of estrangement can be eliminated in a few words and a few days of effort?

Therefore, it is better not to buy a house, but to keep your money safely.

Once there is any trouble, you can immediately take the money and run to Omen first, and then to other Southeast Asian countries and regions.

This is what almost half of the people in Xiangjiang think, including many employees of the Kirin Group in Tin Shui Wai.

Forty years later, such an idea will seem very ridiculous, sad and stupid, but in Hong Kong today, it is extremely true and full of helpless reality.

In fact, the people with the most purchasing power in Xiangjiang now happen to be the employees of Qilin Group.

Some time ago, when house prices dropped, and they were about to make a move, Yin Jun specifically told them that the plummeting price of houses had just begun, so don't be anxious.

Most of the employees of Qilin Group are die-hard fans of Yin Jun, so most of them obeyed, and only less than a few hundred people bought houses for various reasons.

As a result, it was only now that they remembered Yin Jun's words again, and then they suddenly realized.

It turns out that Mr. Jun is the one who sees it most clearly!

Therefore, no matter how much the people in the Qilin Group wanted to buy a house, they held back and did not dare to move.

Even if they are rich, they can't bear the consequences of buying a house and immediately losing hundreds of thousands, two or three hundred thousand!

The dog-like mentality of the employees of Qilin Group also affected other Xiangjiang people, so everyone watched and waited together.

Those who buy houses are safe.

After such a long wait, they are not afraid of waiting any longer.

Rather than being afraid of waiting, they are more afraid of the shrinking of their wealth, a sharp decline.

Anyway, it’s not like I don’t have a place to live now, nor is I homeless, so it’s better to wait and see.

At this time, all newspapers and magazines, and even Yin Jun's own news media, wanted to interview this super-rich man who had previously criticized the excessive housing prices in Hong Kong and concluded that housing prices in Hong Kong would definitely fall.

What do they want to hear from Yin Jun's mouth.

In fact, most of the unscrupulous reporters want to hear Yin Jun bombarding real estate again. They hope to hear Yin Jun say that the real estate in Xiangjiang will plummet, so that it will be more newsworthy.

But Yin Jun didn't say anything this time. Even if he was blocked by someone outside, he just said "no comment" and walked away.

Yin Jun's abnormal attitude caused countless people to speculate.

Some people said that Yin Jun's group of elders and friends, including Mr. Huo, Zheng Yutong, Li Chaoren, etc., asked him not to add fuel to the fire, so he refrained from saying anything.

Some other people said that Yin Jun was worried that the real estate industry was already in such a bad state. If he told the truth again, it might directly trigger the collapse of Hong Kong's economy, so he did not dare to say anything.

Few people thought that Yin Jun thought that real estate would improve.

Yin Jun is a genius recognized by the people of Xiangjiang. He had been advising everyone not to rush to buy a house, but not many people listened to him.

Now that the disaster has come, everyone has read out all his previous words and published them in newspapers and magazines, which shocked the people of Hong Kong.

So, Yin Jun didn't need to say anything more, everyone understood what Yin Jun meant.

They really guessed it right this time.

The most important reason why Yin Jun is unwilling to express his opinion is that he feels that the real estate market in Xiangjiang will be reshuffled anyway, and it is useless to say anything else as there is no need to offend others.

The mentality of home buyers with money in their hands is completely different from the mentality of real estate developers.

Their financial pressure is terrifying, otherwise they would not have given up so many benefits to reduce prices some time ago.

Now the external environment has deteriorated horribly, and banks in Hong Kong have collectively canceled long-term loans, which is an even worse blow to them.

What should we do?

During this week, various real estate associations in Xiangjiang have been meeting day and night to discuss a solution.

Because if they don't come up with a solution, not many real estate developers in Xiangjiang will survive.

Yin Jun also went to the meeting.

But when others asked him questions, the young man didn't speak.

Yin Jun looked very humble.

"You are all elders and seniors. As a person who is not even involved in real estate now, I really can't give you advice. I just listen. I need your insights to lay the foundation and plan for my future career. ."

The young man said something with a smile, and I don't know how many people wanted to give him a slap in the face, but they didn't dare to get angry.

Yin Jun is not an ordinary person, he is recognized as the third richest man in Xiangjiang!

What qualifications do these people have to teach Yin Jun a lesson?

…

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