Chapter 1813 Wave of Price Increase

How high are housing prices in Xiangjiang?

Let's give some examples so that everyone can understand.

During the period of crazy housing price increases from 1978 to 1982, housing prices in Xiangjiang were among the top ten in the world.

After experiencing a real estate downturn in 1982-84, starting in 1985, after 12 years of skyrocketing, in 1997, housing prices in Xiangjiang ranked among the top three in the world, second only to New York and Tokyo.

By 2020, the housing prices in Xiangjiang will be the first in the world. Ginza in Tokyo and Fifth Avenue in New York are no match for it.

The housing prices in Xiangjiang are simply terrifying!

Here, there are many houses priced at 100,000 to 200,000 per square foot, which works out to one to two million per square foot.

These cannot be called villas, they are just high-end apartments - for example, when you go to Deep Water Bay Beach to play, the high-rise buildings behind you will have this price.

The prices of villas are even more frightening. You can find hundreds of villas in Hong Kong worth more than one billion, two billion or even three billion Hong Kong dollars each!

In a city with such high housing prices, it is impossible for residents to feel happy in life, no matter how high your salary is.

In fact, the average salary in Xiangjiang is only between 15,000 and 20,000. Those who exceed 100,000 per month are definitely among the elite.

But even if you earn 100,000 a month, it will take at least 20 years without food or water to buy a mid-range 500-square-foot apartment—that is, less than 50 square meters.

Therefore, relatively speaking, young people in the mainland do not suffer so much.

But the young people in Xiangjiang are really miserable.

This is why after 2016, Li Chaoren was scolded so much that he was called a vampire in Hong Kong.

Those who scolded him were all young people in their twenties!

They don't have the experience of watching Li Chaoren grow into Asia's richest man. Of course, they can't help but complain about Li Chaoren's behavior of raising housing prices.

In January 1985, the price of 1,000 yuan per square foot was definitely not cheap in Xiangjiang, but it was definitely not expensive.

Because in the past half month, after the joint statement was issued, housing prices in Xiangjiang have experienced a retaliatory rebound. Many high-end housing estates in prosperous areas have already exceeded 1,000 yuan per square foot, reaching 1,200 and 1,500 yuan per square foot. There are all.

Huo Jianning's "Kilin Peninsula" housing estate is located very close to the sea, with unparalleled sea views. It is also a large community with more than 17,000 households. In the future, it is likely to become the second high-end residential complex such as Taikoo Shing and Mei Foo Sun Chuen. Community, so its opening price is 1,000 yuan per square foot, which is not expensive at this point in time.

If it were postponed for more than a month, the opening price would be really not cheap.

In Yin Jun's view, the converted price of 11,000 yuan per square meter is indeed beyond the imagination of mainlanders in this era.

Not to mention now, even 40 years later, the average price in many second-tier cities across the country is still less than 11,000 per square meter - the price in the urban center of Wuhan is about 25,000, but in the suburbs, the price of real estate is around 10,000. You can still see it.

But Wuhan is not a second-tier city, it is a new first-tier city.

This is a gap of 40 years!

Wuhan 40 years later cannot be said to be more prosperous than Xiangjiang, but the layout and outline of the entire city are not inferior to Xiangjiang. The only difference is the accumulation of decades of accumulation.

However, Yin Jun had no way to get Huo Jianning to set a lower price.

Being a little lower than others, even 20% lower, is not a big problem. After all, every company has its own strategy.

Chinachem Group's houses have always been more than 20% cheaper than Cheung Kong and New World Development. They are the most popular properties for low-income families in Hong Kong, and the four richest people in Hong Kong have not suppressed them.

But if you let Chinachem directly cut its price to half of that of other companies, do you think others will kill it?

Although Yin Jun is the richest man in the world, if he dares to make all real estate companies starved of food, he will be besieged on all sides in Hong Kong.

Even if others can't bring down the Qilin Group, no one will be on the same side as him.

This is fundamentally inconsistent with Yin Jun's strategy of uniting most people.

Therefore, in order to make Xiangjiang's capital more inclined to the mainland, Yin Jun also explained the matter to Huo Jianning and let him make a decision as appropriate.

Otherwise, according to Huo Jianning's execution ability, he can directly set a price of 800 per square foot, or even lower.

After all, this land is very cheap, not expensive at all.

With the cost control capabilities of Kirin Construction Company, 800 per square foot can earn more than 50% of the net profit.

One can imagine how easy it was for Li Chaoren to make a profit of HK$30 billion after selling Haiyi Peninsula for so many years.

Before the globalization of the technology and intelligence industry, it is clear why real estate companies often produced the richest man.

The current price increases in Xiangjiang are not only reflected in the prices of real estate and land.

There are also various artificial ones.

First, there are industries related to real estate. Because several major real estate companies have announced their own housing development plans, they need a lot of workers of all kinds.

If there is more competition, the market will naturally adjust accordingly.

Of course, workers who have become Xiangmomo can also offer higher wages, so that they will not be as miserable as in previous years.

As artificial prices increase, their consumption power also increases.

The increase in consumption power will inevitably bring about an increase in various consumptions, and the purchase of various things will also gradually proceed.

Similarly, in the past few years, the prices of these goods have remained very low since they could not be sold at high prices.

Now that more people are buying things, of course prices can be increased to make up for losses in previous years.

Since the Iron Lady's fall last time, Yin Jun and Li Chaoren actively transported various daily necessities from the mainland and stabilized people's hearts. Nowadays, most of the daily necessities in Xiangjiang are imported from the mainland.

But Yin Jun did not intervene directly anymore. Instead, his original businesses and companies made the connection with the mainland themselves.

It's a good thing that a company is very big, but if you do all kinds of business, it's easy to make too many enemies.

Although the super large companies in the previous life had many branches, most of them served their own core business.

So you will never see Apple open a ranch to raise cattle, Google create a luxury brand, or Amazon build houses.

The mainland now has much more abundant supplies than it did three to five years ago.

The prices of these food, clothing and housing materials supplied to Xiangjiang have not increased and they are supplied at a fair price.

There is money to be made, and with unequal economic development, six to seven million people can earn quite a lot of foreign exchange by eating and drinking.

This is what Yin Jun fought for for them. Otherwise, in the 1980s, the supplies supplied to Xiangjiang from the mainland were less than half of their needs.

However, the low prices supplied by the mainland do not mean that the sales prices of retailers in Hong Kong are cheap.

Especially now, when supply prices in the mainland have not increased, all retailers, from large to small, are raising prices by 10%-20%.

The rise in various commodity prices, coupled with the rise in real estate prices, has put great pressure on the lives of the people in Xiangjiang. The bosses of various companies had to negotiate urgently and then were forced to give them a salary increase.

This is the first salary increase since 1982.

Such a typical situation is inflation.

In the next few years, Xiangjiang's salary will continue to rise, but this does not make them happy at all.

Because the increase in wages is far less than the increase in various prices, especially real estate.

Even if Yin Jun is a god, he cannot go against this general trend. He can only slow down and reduce inflation as much as possible according to his own ability, and strive to let the people of Xiangjiang live with more dignity.

Yes.

dignity.

When a person has just started working for a few years and is burdened with heavy mortgage pressure for twenty or thirty years, it is impossible to feel happy and live without dignity.

Of course, this is not just a problem in Xiangjiang.

Before Hong Kong, the Japanese were like this - wasn't the father in "Crayon Shin-chan" burdened with a mortgage for more than 20 years?

After Xiangjiang, it is mainland China.

Young people born in the 1980s and 1990s are facing the most expensive era of housing prices. Even the housing prices in second- and third-tier cities are over 10,000 square meters, and the housing prices in fifth-tier cities can reach 7,000 to 8,000, and the prices in county towns are also 4,000 to 5,000. Casually.

This is somewhat beyond people's ability to bear.

This is not an era when young people born in the 1980s can always raise enough down payment for two young couples or even buy a house directly as long as their parents put together the money. Instead, it is possible for both parties to add all the money together. The era when you can’t scrape together enough for a down payment.

But don’t think that this is a plight only for Asians.

Europe and America also have it.

Take the United States, the world’s hope.

As long as Americans buy a house, they must take out a loan, and they must also bear a lot of debt.

What's more, Americans also swipe their credit cards for various living expenses, using them first and then paying them back.

More than 80% of Americans basically live on loans.

Their credit card interest rates are not cheap. As mentioned earlier, the average interest rate is about 17%, which is comparable to the high private loan interest rates in China.

Therefore, at least 50% of Americans have been in debt consumption their entire lives since they started to have credit cards, and it is impossible to feel dignified and happy at all.

It's just that Eastern and Western cultures are different. They are heartless and don't feel much pressure if they owe money.

Orientals are different. Ordinary people cannot sleep well at night if they owe money, let alone work on weekdays.

Isn’t there a joke about it?

If a 20-year-old makes a mistake at work, don't criticize him or turn around and leave if you get offended.

If a 40-year-old middle-aged person makes a mistake at work, you just scold him or her, no matter what unpleasant words you say, he or she will not resign, but will only endure the humiliation and bear the burden.

What I’m talking about is the various changes brought about by this huge pressure in life!

…

(Please subscribe!)