Chapter 2089 Positive Real Estate
In fact, Yin Jun didn't have to worry at all.
He knew that because of his appearance, Xiangjiang's current real estate businessmen, and even the entire business circle, were divided into three camps.
The first one is to actively go to the mainland, such as the Huo Group, Kirin Group, Pao Group, Hopewell Holdings, Cheung Kong Group and so on.
The other is the traditional British consortium, such as Sino-Ocean Swire Group, Jardine Matheson and so on.
The last one is between the two, the tendency is not obvious, but you can't offend in any aspect, and the most important thing is to do business.
The third type has the most businessmen, but it is also the least powerful.
The strongest are still the group of businessmen whose hearts are inland.
With the leadership of Mr. Huo for decades, coupled with a top rookie like Yin Jun, the charter king has established a very close relationship with the mainland through one thing after another.
Basically, the top three of the Hong Kong rich are all from the mainland camp, so one can imagine how powerful they are.
And what Mr. Huo admired most about Yin Jun was that he always pulled everyone to do business together.
For example, the iron mines in Australia, such as the 14 properties above the Hong Kong Island Line in August 1984, were all owned by a group of businessmen.
Not to mention the large-scale construction of 20 square kilometers of land in the mainland, as well as the development of the Lujiazui area in Pudong, Shanghai, along the ** zone, etc.
Through so many large-scale cooperations, Yin Jun has attracted a group of people.
If this group of people wants to make a fortune, they must work closely with Yin Jun, and then they can't eat and drink other people's money, so why don't you go to the other party?
The British capital side may not necessarily trust them!
Therefore, over time, everyone was included in the mainland camp.
This includes the Chen family's Hang Lung Group.
The position you are in is different, and the considerations are naturally different.
The Chen family has a lot of core interests in the cooperation with Yin Jun. As long as Chen Qizong is not a lunatic, of course he will not go against Yin Jun.
Besides, the current Yin Jun is getting stronger every year. He Chen Qizong thought about having a competition a few years ago, but now, this kind of thinking has faded away.
To protect Yin Jun's interests is to protect the interests of the Chen family themselves.
That's why, today, Chen Qizong praised Yin Jun's ideas and strategies in front of Yin Jun.
The environment really can change a person.
And Chen Qizong's growth seemed to impress Yin Jun a little bit.
No wonder he can make such great achievements in later generations and become the leader of Xiangjiang's middle-aged generation.
As everyone knows, Yin Jun is lamenting that the environment and experience temper people here, and Chen Qizong is also lamenting Yin Jun's strength here.
The two generations of their father and son spent decades building the top ten real estate companies in Xiangjiang, but Yin Jun's side can't even match the scale of a subsidiary.
Qilin Real Estate was once ridiculed as an empty shell. After selling the Tianshuiwei Qilin Garden, there has been no action.
Although in 1983, he bought another 200 hectares of land in Tianshuiwei, but when the real estate was in a mess, no one felt that Yin Jun was taking advantage of it.
Because there are too many good sites and properties in Xiangjiang, and you can buy them at very low prices everywhere.
It's just that the real estate businessmen in Xiangjiang at that time didn't dare to make a move at all, for fear that they thought they had found the bottom of the valley, but they found that this was just an illusion, and the house price and low price were still halfway up the mountain!
In the past few years, there have been many real estate businessmen who suffered from this loss, and all of them went bankrupt because they wanted to pick up a bargain.
But no one thought that it was a huge loss for Yin Jun to buy the land in Tianshuiwei.
Just below Lau Fau Shan in Tin Shui Wai is the headquarters of Kirin Group, where more than 50,000 to 60,000 workers work.
Just relying on this group of people and their families is enough to support the full use of this land and make money.
But this is only what Yin Jun can do. If other real estate developers buy this land for development, people from Qilin Group may not be willing to buy it.
After all, they are not people without money. Even when Xiangjiang's economy was at its lowest, the salary of the Kirin Group was steadily increasing every year.
Their average salary in 1984 reached 5,000 Hong Kong dollars, while that year Xiangjiang's salary fell to the lowest point within five years, only about 2,000 yuan.
More than double the difference!
Such rich employees, if it wasn't for the Kirin Group's real estate, it is impossible for them all to buy it.
At that time, no one knew that the land in Tin Shui Wai was just the beginning.
In 1984, Kirin Group suddenly exerted its strength, and Huo Jianning, the vice president who returned to Xiangjiang from the mainland of China, took charge of the real estate business.
He has a huge fund of more than 100 billion Hong Kong dollars in his hands, and he has been sweeping the floor frantically since March. As long as it is high-quality land, real estate, etc., he will buy it all.
Chen Qizong remembered that all the people in Xiangjiang were petrified at that time.
Because buying land and real estate is not directly purchased in full.
The overall acquisition procedure is very cumbersome, and it may take two or three weeks if it is fast, or a few months or even a year if it is slow.
Therefore, Huo Jianning always used the installment payment method. At the beginning, he only used a deposit of about 10%, and then agreed on a very high liquidated damages, which was almost 10 times the deposit.
At that time, everyone felt quite secure, because they were afraid that Kirin Real Estate would eventually default on the contract due to the sharp drop in property and land prices. Now such a high liquidated damages is a guarantee for them.
As a result, it is only now that everyone knows that this is the hole that Huo Jianning dug for everyone!
If it is based on the previous one-for-one price, I don’t know how many people would rather bite their teeth and pay the 10% deposit, but also break the contract and wait for a higher price.
Now you see property prices and land prices keep rising, but you have to pay 100% of the negotiated price directly, which is not worth it at all!
If you want to recover 100% of the cost, you may not be able to do it in two or three years, so it is better not to bother.
It is precisely because Huo Jianning uses a 10% deposit to do things, so the funds he can actually use are directly 1 trillion!
In the history of real estate in Hong Kong, which company has 1 trillion Hong Kong dollars in real estate?
there has never been!
But Qilin Real Estate led by Huo Jianning can do this!
For nearly a year, everyone just watched the crazy acquisition of Qilin Real Estate.
Everyone knows that Kirin Real Estate is betting that the situation in Xiangjiang is improving, and real estate has been greatly improved.
But those who are really willing to believe in the judgment of Kirin Real Estate, and those who are willing to follow suit, are really very few.
Chen Qizong is one of them.
It's just that what he believes is not Huo Jianning, but Yin Jun behind Huo Jianning.
At the beginning, Chen Qizong was still carefully observing and collecting information. When he found out that the Kirin Group had placed 500 billion Hong Kong dollars in real estate purchase orders in just three months, he immediately convinced his father and The second uncle entered and began sweeping the floor.
Huo Jianning must be a talented person, otherwise it would be impossible to make such a big mess in the mainland and reconcile it.
But without Yin Jun's support behind him, even pointing and setting the general direction, how could Huo Jianning use so much money to buy land?
No matter how well-funded the Kirin Group is, if it fails this time, it will definitely be seriously injured, and it may even fall apart.
Therefore, Chen Qizong was betting on Yin Jun's consistent foresight and accurate vision.
Facts have proved that he made the right bet. The real estate projects and land resources invested heavily have greatly appreciated in value, which has greatly eased the crisis of Hang Lung Group in recent years.
It is also because of his outstanding performance that at the end of August 1984, when Kirin Group took the lead in negotiating with the Hong Kong government on the package plan of all 14 properties above the Hong Kong Island Line, Le Yiling agreed to join Hang Lung Group .
The best and most important projects, of course, require the participation of the best companies.
Le Yiling generally doesn't respond to those companies that have only money but no ability, and companies that have no development prospects.
Not to mention that when Chen Qizong and Yin Jun were compared back then, Le Yiling said in front of the reporter that "a hundred Chen Qizongs can't compare with my Ah Jun".
After participating in such a subway superstructure project, the image of Hang Lung Group has once again been improved and consolidated, and everyone no longer regards them as a loser who left in despair.
The Hang Lung Group, which was in the limelight three years ago, is back again.
With the return of Hang Lung Group, Xiangjiang's real estate, of course, also continued to rise together.
Taking all 14 properties above the Hong Kong Island Line as an example, they only made up the price difference of 1.8 billion Hong Kong dollars, and then agreed to give 50% of the proceeds to the subway company, and the rest of the benefits belonged to the 15 companies.
The construction period of the property above the Hong Kong Island Line MTR is about 3 years. Because various raw materials have also increased, the total construction cost of the building may be much higher than expected, but it will not exceed 30 billion Hong Kong dollars at most.
But according to this year's housing prices, these 18 commercial buildings and 20,000 residential units can be sold for 70 billion Hong Kong dollars!
It means that 15 companies can earn close to 20 billion Hong Kong dollars in 3 years!
This is definitely a lot!
Seeing that the housing prices are constantly rising, the first batch of sales should have started last year, but they were urgently stopped by the shareholders, and they had to wait until the end of 1987, after all the repairs were completed, and then slowly sell.
If it is such a batch of sales, and it will continue to the next year or even longer, the increase in housing prices will be even greater.
At that time, a net profit of 30 to 50 billion can be expected!
In addition, the Hong Kong property market has a more positive performance.
For example, in April last year, the 116,500 sq. ft. land of Admiralty King was auctioned at a sky-high price of 6,100 yuan per sq. ft. The total price reached 703 million Hong Kong dollars, directly setting a new record!
Such a strong land selling price shows everyone's confidence in the Xiangjiang property market, and it has completely returned.
Whether it is Yin Jun or Chen Qizong, there is no need to say anything, the spring of real estate is coming, it is already unstoppable!