Chapter 1384 Re-Talking About Old Things
Although Youde is somewhat interested in the mobile phone industry, he feels that this is always a long-term matter.
What needs to be solved most at present is the land market and real estate issues.
Therefore, after agreeing that the government would solve people's panic about cell phone radiation and base station radiation, he naturally talked about the things he was concerned about.
"Mr. Yin, I think you know that the current economy in Hong Kong is in a slump." Youde sighed, "I encountered such a big contradiction as soon as I took office, which caused panic among the people of Hong Kong, and the real estate crash... …Now people outside are saying that I am among the most unlucky governors in history.”
You are not the most unlucky.
The most unlucky one is the one who made such nonsense in the 1960s.
Our President Zhou directly said harshly that if the Governor is not replaced, then we will stop supplying fresh water.
It didn't take long for the governor to leave in despair.
But thinking of what happened to Youde later, Yin Jun felt a little sympathetic and said subconsciously: "Mr. Governor, you should take care of yourself."
Hearing this unanswered question, Youde shook his head unconsciously, "My health is not bad, thank you for your concern. But what I am most worried about now is that the atmosphere in Xiangjiang is very abnormal. Both China and the UK As a big country, there will definitely be more appropriate ways to solve problems. We are not qualified to step into this chess game. However, as people in Hong Kong, Mr. Yin and I have the obligation to maintain the order of Hong Kong and let it continue to develop. Go down, right?”
"right!"
Yin Jun nodded in agreement.
"You are also one of the smartest people in the world. Let me tell you the truth." Youde said, "When the government launched land recently, not a single real estate developer took up the job. This difficulty was highlighted by television, newspapers and magazines After the report, housing prices in Xiangjiang experienced another drop in both volume and price. I think if this continues, there will be no need for the two sides to fight. Xiangjiang will soon become a dead city, don’t you think?"
"That's not the case."
Yin Jun waved his hand and said, "Mr. Governor, you are too pessimistic. The foundation of Xiangjiang is still there. We still have more than 6 million people here, and they always need to buy houses. But now the market atmosphere is too pessimistic, and their demand for house purchases It's just been suppressed. When things become clear and they know that Xiangjiang's future is still bright, they will naturally return to normal."
"But how long will we have to wait? Two years? Three years? If there is no factor to promote improvement, can we still afford to wait?" Youde asked.
Seeing that he was a little excited, Yin Jun felt helpless.
Could this governor have said such upright words to other big real estate developers?
The most important thing when dealing with businessmen is to throw out profits.
If there is no benefit, no matter what you say, it won't work.
If there is a favorable word in front of you, even if you give them a slap in the face, they will still come to you with all their strength.
"Do you think the positive push is the sale of land?" Yin Jun could only ask.
"This is just a beginning, a key to restarting the economy." Yoder said, "But without it as a beginning, it will definitely not work!"
"What if the inventory room is consumed first?" Yin Jun said.
"Who among ordinary people is willing to buy a house now?" Youde said with a wry smile.
"It's not impossible." Yin Jun smiled, "Many employees of our Qilin Group actually want to buy a house."
Yoder perked up after hearing this.
Kirin Group currently has about 60,000 employees in Xiangjiang alone.
Although more than half of them have bought houses, there are at least 20,000 to 30,000 people who are still waiting and watching.
If this group of people can be allowed to buy houses, it will definitely trigger a wave of destocking, which can greatly ease the financial pressure on developers, allowing them to put more funds into land storage, and the land can also be sold. out.
"Which housing estates are they interested in?" Youde asked with shining eyes, "With such a large purchase volume of Qilin Group, no matter which developer will actively welcome it, right? If not, I can broker it. "
It seemed that Yoder was also driven into panic.
The dignified governor actually wanted to broker a real estate business.
But Yin Jun did not follow his words, "To digest the inventory of houses, we should rely on more people in Xiangjiang. For example, if major banks take shares, they can offer more favorable interest rates and more humane loan plans. I believe many people It’s still exciting.”
Before the real estate crash, the real estate loan interest rate in Xiangjiang had climbed to around 20%, which was simply astonishingly high.
Not only that, banks are very stuck in the review of lenders' qualifications, requirements on repayment ability, etc.
This has largely hindered the enthusiasm of many people to buy houses.
But if you look back, if banks had been easy on lending, then if prices plummeted now, many lenders would definitely give up on loan repayments and not own the house.
This will result in a large number of bad debts, and the banks will be the unlucky ones.
Therefore, the smartest people are definitely those who are engaged in finance. Ordinary people are simply played by them and applauded.
"Banks can't protect themselves now. How can they have the money to lend money to private individuals?" Youde was not interested in Yin Jun's proposal.
If it were not for the support of major banks such as HSBC and Standard Chartered, the current wave of bank failures in Hong Kong would have been tragic one after another.
They have no time to take care of themselves. They must be sorting out their business in a short period of time and actively checking for deficiencies. They really will not carry out personal loan business on a large scale.
Not to mention the wealthy HSBC and Standard Chartered, which generally do not engage in private lending business. They target banks in the same industry, as well as large and medium-sized companies.
"The houses that employees of Qilin Group need are not the ones they built." Yin Jun returned to the previous topic at this time, "We have experience in building houses ourselves. If it is possible, Lord Governor, look at the one in Tianshuiwei Can we buy a piece of land?"
"Tin Shui Wai land?" Youde was stunned. "Is there any Tin Shui Wai land coming out this year?"
"No." Yin Jun said, "But the Governor also remembers that the year before last, the government repurchased a piece of land of more than 400 hectares from Weicheng Company, right?"
Youde has already researched many things in Xiangjiang.
Yin Jun remembered it as soon as he said it, "Oh, it's the land next to Qilin Garden! It's led by Changshi Group."
Kirin Garden is a house built on land that Yin Jun bought from the Zhao family. However, Yin Jun only developed the first phase and sold it to a consortium composed of six real estate companies.
Their six companies have made enough money from the subsequent development of Qilin Garden.
Among them, at least seven to eight thousand employees of the Kirin Group bought houses in Kirin Garden based on the principle of proximity. This is also one of the reasons for the sales of Kirin Garden.
So far, Kirin Garden has been fully developed. Most of the people living in the community are middle class. The surrounding consumption power and crew atmosphere are among the best in the New Territories.
"Yes." Yin Jun said, "If the government agrees, Kirin Group is willing to purchase 200 hectares of land for real estate development. As long as we develop the value of that piece of land, I believe the price of the remaining 200 hectares of land will be Can you get up now?"
Yoder was very moved when he heard this.
It turns out that Yin Jun wants to enter real estate again?
Although Kirin Group has only completed one real estate project and it has not been completed, their strength is obvious to all.
Now Qilin Group has a construction company with more than 20,000 people, working hard at various construction sites and municipal construction in Xiangjiang.
With such a group of experienced construction workers, building a property is a piece of cake.
As Yin Jun said, as long as the Kirin Group seriously develops the land, then the houses in that area will definitely be sold quickly - how could the people of the Kirin Group not trust Yin Jun and not buy what the boss built? house?
Youde can even think that Yin Jun's house will definitely not be sold at a high price, so that more people will buy it.
Once employees of the Kirin Group with strong spending power move in, surrounding commercial facilities will take shape, including hospitals, schools, and entertainment facilities. This will create a location effect, triggering other real estate developers to come and develop.
If you think about it carefully, Yin Jun is really smart.
He did not say that he would take away all the land in one go, but left more than half of it for the government to facilitate the government to continue to sell the remaining land.
Once these more than 400 hectares of land are sold, does the government still need to worry that the land market is not stimulated enough?
Moreover, the government is not a fool. The remaining land will definitely not be sold at once, but will be sold in several batches and over several years.
In this way, prices will be higher, the government will gain more benefits, and the stimulation of the real estate industry will be sustainable, which will continue to arouse the enthusiasm of real estate developers.
Youde is not worried that no one will live in the more than 400 hectares of land in Tin Shui Wai after it is developed.
The crazy influx of illegal immigrants from the mainland in the past few years basically stayed in the New Territories and Yuen Long.
As their wives, children, and families also applied to settle in Xiangjiang, there have been more than 1.3 million people here, and the number is still increasing.
With such a large population, it is more than enough to fill this land!
Centralizing them for management will also make the security situation in the New Territories better.
Thinking that through this transaction, the government could not say that it would be able to overcome the difficulties immediately, but it could definitely breathe a sigh of relief. Yoder's mood inexplicably improved.
Fortunately, he still remembered that this was a huge deal involving billions of Hong Kong dollars and should not be taken lightly.
So Youde thought for a while and then said: "Of course I welcome the Qilin Group's desire to purchase land and develop real estate. However, this matter cannot be handled hastily. It is better for officials from the Land and Housing Department to come and talk to Yin in two days. Sir, let’s discuss it in detail, okay?”
"Of course." Yin Jun said in agreement, "I am just a proposer. The most critical matter requires President Le to negotiate and check it personally. Otherwise, even my words will be useless."
Yoder screamed inwardly when he heard this.
Le Yiling is famous for being stingy and strong.
How much benefit can you get from negotiating business with her?
Past facts have proven that no one can get an advantage from Le Yiling.
Now that the real estate and land market in Xiangjiang is so sluggish, why can't she make drastic cuts to drastically reduce the government's revenue?
Although Youde has long been prepared to lose some money on this business, it will be difficult for the government to do so if he is taken advantage of too much.
But it is impossible not to do our best to facilitate this transaction.
Because the government is more eager for this cooperation than the Kirin Group, and the one that takes special action is the Kirin Group, which has greater symbolic meaning, the government must seize this life-saving straw!
The governor was worried about gains and losses, and the joy just now disappeared a lot.