Chapter 1618 Crazy Sweeping of Buildings!

The Bijiashan villa area, located near Broadcasting Road, has beautiful scenery and overlooks Broadcasting Road and other areas below the mountain. It has always been a real estate area that celebrities and high-level executives in Wutai Mountain like to purchase.

For example, when Yin Jun traveled through time and came to Xiangjiang, he ended up at Beacon Mountain.

In addition to celebrities and people in the entertainment industry, many middle class people have also purchased real estate here.

It's just that the real estate market has been very sluggish in the past two years. Most of the middle class people have immigrated and left, and the houses here have been sold.

Nowadays, villas in Beacon Hill that are slightly smaller and in a different location can be bought for 1 million, which is cheaper than when Yin Jun came to Hong Kong in 1978.

If it is an apartment building, it will basically not exceed 1,500 per square foot, which is even lower than the average price in Hong Kong in previous years.

So in Beacon Hill, many buildings are now vacant, with no one selling or buying.

The rental aspect is not very good either. Even the rental prices of houses in Yau Tsim Mong and Hong Kong Island areas have been significantly reduced. Beacon Hill is still a bit remote, and many people will not come here specifically to rent.

However, no one expected that in early March this year, Qilin Group suddenly started a round of crazy house sweeping operations.

After several years of observation and research, they have already taken a fancy to many real estate properties and villas.

When the Lantau Island development plan was submitted to the government for review, on the other side, with Yin Jun's order, they took the money, actively contacted the owners, and started the acquisition.

If the price is right, they will buy it in cash immediately.

If the owners want to make a fortune, they will simply leave and find the next one.

After all, there are houses selling everywhere in Xiangjiang now, and yours is no exception.

After knowing a little bit about Qilin Group's tricks, many owners simply gave up when they saw that the price they offered was still about 5%-10% higher than the market price.

It's better to feel more comfortable with money in your hands. If something happens, you'd better react immediately and leave immediately.

This is how the market follows trends.

Once they see that everyone is selling their houses, other people can't stand it anymore, so they join the ranks of the house sellers.

Not only second-hand apartments and villas, Kirin Group is also directly buying new properties from those companies, or properties that have fallen into bankruptcy and have been mortgaged and repossessed by banks.

In just over 20 days from before Yin Jun went to the United States to now, the Kirin Group has been frantically sweeping over 10 billion Hong Kong dollars in houses, and it has no intention of stopping.

It’s not just Kirin Group’s corporate behavior. Kirin Group employees who have been suppressed by Yin Jun for more than two years have also been reminded by the company’s top management that now is the best time for you to buy a house.

These people don't believe what others say, even the governor doesn't believe everything they say, but they believe 100% of what Yin Jun says.

So when they heard that Mr. Jun suggested that they could buy a house now, they couldn't bear it for a long time and immediately started a large-scale house selection and purchase operation.

The number of employees in Xiangjiang of Kirin Group has exceeded 70,000 so far.

This is a very scary number.

Most of them did not buy houses, but chose to rent houses in Tin Shui Wai and Yuen Long.

But that doesn't mean they don't have money.

In fact, the salary package of Qilin Group is basically one of the best in Hong Kong.

That is to say, the average salary of HSBC is better than theirs.

But who works at HSBC?

The people standing at the counter are all top students who graduated from Xiangjiang University. Many of them are financial students who have returned from studying abroad. How can they not get high salaries?

What about the employees of Kirin Group?

Although they have remedial classes on various knowledge every week, overall, their educational level is still very low. At best, the average level is at the level of primary school graduation.

This kind of people, who are basically semi-illiterates, used to do some physical work in Xiangjiang and could not make money by relying on their brain power.

Those who do hard work are generally below the average salary in Xiangjiang, and more than 1,000 yuan is a lot.

However, these employees of Qilin Group are different. They mostly do manual work such as printing, toys, construction, etc., but their salaries are several times higher than those of people in the same industry.

In 1982, the average salary was 5,000.

In 1983, when the real estate market was plummeting and layoffs were being laid off everywhere, the average salary rose again to 6,000.

Moreover, the lower-level employees of Kirin Group do not receive 12 months’ salary, but at least 14 months’ salary, and the maximum can be doubled...

With such good salary conditions, it's no wonder that every time Qilin Group is looking for someone, everyone squeezes in to come forward.

So there is no pressure at all for them to buy a house.

All banks regard the employees of Kirin Group as their best customers. As long as they come to borrow money to buy a house, they will approve the loan as quickly as possible, and there is no need to worry about them not being able to repay.

This is the situation now.

Nearly 50,000 to 60,000 people showed up at various properties, asking about prices.

After about two years of cold winter, there are at least hundreds of properties in Xiangjiang that have not been sold, and they are struggling.

Suddenly, there was such a large group of people who had money to buy a house and were willing to buy a house as soon as possible. They were so happy that they couldn't close their mouths.

Even though the people from the Qilin Group were very smart, after asking about the price, everyone formed small teams to negotiate the price together and get the best price, but the developers didn't take it seriously.

Because if no one buys a house at this time, at least half of them will be dragged down by heavy bank loans if they delay for a few more months.

Rather than being left with nothing later and taking advantage of the bank, it is better to sell more now, at least you can still make some money.

Therefore, on the one hand, they want to buy, and on the other hand, they want to sell. They hit it off immediately, and the transaction volume of houses increased sharply during this period.

Bank employees and government staff responsible for handling loans and transfers work overtime for more than 6 hours a day, from morning to night.

The banks responsible for providing loans to the 50,000 to 60,000 Kirin Group employees are all acquaintances.

HSBC, Heung Kong Commercial Bank, Mitsui Banking Corporation, Sumitomo Bank, DBS Bank, Busan Bank.

They who gave Yin Jun a loan will naturally get these benefits.

Even for Xiangjiang Commercial Bank, because the chairman is the son of the chairman of Pangu Bank, no one said they jumped in - Pangu Bank loaned US$1 billion to Kirin Group.

Each bank received almost 10,000 high-quality loan businesses in one go, and the loan amount was generally around 10 billion. For these banks, this is definitely a very impressive result.

Including the real estate purchased by Kirin Group, a total of nearly 70 billion houses were sold, which suddenly greatly reduced the stock of housing in Xiangjiang.

Although most of the good houses have been swept away, and although there are still hundreds of thousands of houses that are still uninterested, they have at least regained their strength and have the strength to wait for the next recovery of the property market.

For a time, Kirin Group and its employees were exclaimed by all the media as "good fortune boys."

Many financial and real estate newspapers and magazines immediately followed up and discussed whether Hong Kong's land and property market would soon recover.

If the crazy sweeping of buildings by Kirin Group and its employees is not enough proof, doesn’t it also explain the problem in conjunction with Kirin Group’s huge development plan on Lantau Island?

But that's strange.

No matter how newspapers, magazines and TV programs analyze and judge, no matter how employees of Qilin Group buy houses, there are still not many other people in Xiangjiang making any move.

"Oh, it's not that we don't trust Mr. Jun, it's just that the price feels a bit too high."

"There is nothing to hesitate about. None of my neighbors are buying houses. They all say that housing prices in Xiangjiang will continue to fall. Mr. Jun is rich, and those of us who have no money can only wait any longer!"

"Isn't it said on TV? There are still hundreds of thousands of units that have not been sold. Why don't they lower the price a little bit?"

"Please, Mr. Jun, you are a rich man! I want to have a son in my family. I want to work in the Qilin Group. I also bought two sets, but don't I have them now?"

"I think it's still a bit dangerous. The negotiations between the two sides are still at loggerheads. What if we really have to use force? So it's better to play it safe."

"Of course Master Jun is not afraid. Who is he? Whoever dominates Xiangjiang in the end, don't dare to touch him! We ordinary people are different. It's better to wait and see. Don't spend all your money just to save this little money. All the family property is trapped!”

"..."

During the interviews, the voices were all like this.

In fact, there is nothing strange about this.

This just proves that when it comes to real estate, not only the mainland, but also the people in Xiangjiang chase the rise rather than the fall. They will only buy when they see the price rise. The higher the price rises, the more they rush to buy.

Real estate developers naturally heard these remarks.

But they ignored it, and even some smart real estate developers had quietly started a new round of house construction.

For example, Henderson Land Development has started construction of three new properties. Although the total number of units is only over 1,000, and they are all small units of 300-600 square feet, this already represents their determination.

New World Development, Sun Hung Kai, Nan Fung Properties and other large groups have also started one or two projects each.

Nowadays, in Xiangjiang, buying a house off-plan is also a step in buying a house. However, because there are too many existing houses, people usually only buy houses after viewing them.

These smart people estimate that if they wait until the second half of this year or the first half of next year, when the fate of Xiangjiang is revealed, they can naturally launch these properties as soon as possible and win favor with the concept of "the latest houses".

This can be regarded as one step ahead of others.

As for whether there are any risks involved?

There must be some!

But how can doing business be without risks?

Even Yin Jun has made a big bet, why don’t we dare to follow him?

After all, this young man has never missed it!