Chapter 923: Step Back and Wait for the Storm to Pass

Banks and financial companies have tightened mortgage loans one after another. Who is scolding the most?

It’s those borrowers who want to buy a house who want to buy a house. They are about to succeed in buying a house, but now they can’t buy it at all. Isn’t this deceiving?

But who is the most panicked?

It must be those real estate developers.

In the past few days, the Xiangjiang Real Estate and Construction Chamber of Commerce has held more than a dozen meetings, and almost every important real estate, construction, and raw material businessman in Xiangjiang has attended several meetings.

Because of Mr. Huo's reputation, Yin Jun naturally went too. Several times in a row, he was the focus of everyone's attention.

People looked at Yin Jun with envy and jealousy.

Among those engaged in real estate development in Xiangjiang, only Yin Jun has the best luck.

Last year, he sold all the interests in Tin Shui Wai and Taohua Datong, which contains the Ngau Tau Kok land. This year, he sold the Class B land exchange rights deed in his hand, and even sold the land he traded with Shao Yifu. After I left, I basically didn’t have any projects in hand.

The only thing that Qilin Real Estate is still operating is their Qilin Construction Company, but this construction company only provides labor to act as construction workers, and does not involve any costs.

Even if the real estate industry is suspended, Yin Jun can still find jobs for them in municipal construction and other aspects. After all, the government will not ignore the livelihood of tens of thousands of people, otherwise there will be trouble.

Tell me, how could such Yin Jun not make people envious, jealous, and hateful?

And to put it bluntly, does anyone believe that he is truly lucky? Behind this luck is his foresight!

Of course, he is not the only one in the spotlight.

There is another focus, which is Chen Qizong of Hang Lung Group.

Different from Yin Jun's indifference and calmness, Chen Qizong's face was dark almost the entire time.

Don’t worry about the properties built above the Hong Kong Island Line’s subway. You can make money at any time.

The key is that the land and building he bought from Yin Jun a few days ago turned into a complete failure.

When the general environment is so tense, let alone making money from this transaction, it is considered a good thing if it does not lose money!

The most fortunate thing for Chen Qizong is that he has not blown his bullshit yet and said to others, "Yin Jun thinks the property market is going to fall, but I think it is going to rise! I just want to tell everyone that I am right!" Otherwise, it would be even worse! Will be laughed at.

But Chen Qizong always felt that he would inevitably be compared with Yin Jun, and one was a hero and the other was a bear.

In his heart, Chen Qizong hated Yin Jun even more.

…

After coming out of the meeting that day, Li Chaoren called Yin Jun and went to have tea with him at the Chinese Banking Company.

Li Chaoren has always been a person who never goes to the Three Treasures Hall for anything. Now that he is called Yin Jun, there must be something wrong.

Yin Jun wanted to say that I don't like socializing and I want to go home and write scripts, but he is the second largest shareholder of Cheung Kong Holdings. He has no choice but to sit in Li Chaoren's office and drink the mediocre quality wine. Tea.

"Someone from the government came to me a few days ago and asked me whether Weicheng Company's land is going to be developed? If not, the government will invest in buying it back." Li Chaoren took a sip of tea and said directly to Yin Jun. road.

Weicheng Company?

The name flashed through Yin Jun's mind, and he realized immediately, isn't this the company that originally purchased the Zhao family's land in Tianshuiwei?

A company formed in partnership with several companies including Cheung Kong Holdings, Derun Group and Wheelock, took 488 hectares of land from the Zhao family in one fell swoop and prepared to develop Tin Shui Wai.

But after more than three years, there has been no movement from Weicheng Company. No wonder the Xiangjiang government asked this question.

Now Weicheng Company will be forced to develop it!

Wait a minute!

its not right!

Yin Jun suddenly recalled a piece of news he had seen.

In fact, this largest land sale in Hong Kong was not successfully developed at all, and was taken back by the government.

As a result, within a few years of taking it back, Li Chaoren repurchased part of the land and then developed it and made a lot of money.

Yin Jun didn't know if there was anything going on here, but it was very possible that it would be taken back now.

"Take it back? What's their price?" Yin Jun asked, "Is Derun willing to scrap such a good opportunity? They have been waiting for this opportunity for more than three years!"

"It's about 2 billion, and the price per square foot is about 38 yuan." Li Chao said, "Our original purchase price was 1.5 Hong Kong dollars per square foot. Logically speaking, this price is already very profitable."

Sure enough, it’s 1.5 yuan per square foot!

Yin Jun nodded secretly. It seemed that the news from the previous life was correct. They bought the land in Tianshuiwei at this cabbage price.

"Profits of more than 20 times are very impressive for any company's investment." Yin Jun said, "But this 2 billion is too insignificant compared to the 488 hectares of land. If it is developed, This piece of land can at least bring a total of hundreds of billions of Hong Kong dollars in profits to the shareholders of Weicheng Company, right?"

"If the real estate in Xiangjiang continues to develop so steadily, it will cost more than 100 billion." Li Chaoren said with a smile, "But the problem is that the government's patience has run out after Tian Shui Wai has not been repaired for so many years."

Hoarding land and waiting for prices to rise is something every developer will do.

But for companies like Weicheng Company, which has been hoarding land for more than three years but has never done anything, it is even more eye-catching, especially when the land area is the largest in Xiangjiang.

The Xiangjiang government is very dissatisfied.

Damn it!

How cheap did you buy this land? Even if I started cultivating in 1978, it would not be a problem to easily make billions every year.

If you don't repair it now, in a few years, real estate prices will rise to sky-high prices, and you will earn tens of billions a year. How can such a good thing happen?

Therefore, if you want to develop it, you should develop it quickly. If you don’t want to develop it, I will buy it back and the government will develop it by itself in the future.

Now there was no one from Weicheng Company to arrest.

Li Chaoren is the most aggrieved.

He persuaded Derun Group to start development two years ago, especially when Yin Jun started to develop Qilin Garden in Tin Shui Wai. At the same time, Xiangjiang real estate continued to rise. It was just right to take advantage of this shareholder momentum to start development properly.

But Derun Group didn't know what kind of lard had fooled them, and they simply disagreed. They thought they could wait, wait, and wait until land prices skyrocketed for a while.

All right.

Just wait until now, wait until now. The government says it will buy back the land.

It’s okay if you don’t repurchase it, then just fix it!

But now, who dares to start building a house?

It is clear that real estate in Xiangjiang needs to be adjusted, and it is impossible to skyrocket like before. What if you go to repair and the real estate happens to plummet?

What to do with thousands of workers, a lot of machinery, and so many different materials?

What if this wave of low prices continues for several years?

So, worry!

It’s not selling, it’s not selling either.

It doesn’t matter if you cultivate, and it doesn’t matter if you don’t cultivate.

The group of people from Derun Group, which holds the largest share, is really troubled.

Hearing Li Chaoren talk about this, Yin Jun clapped his hands: "You deserve it!"

Derun really wanted to eat a golden doll in one bite, so he kept waiting.

Okay now, wait until we reach the top of the hillside.

No one can understand whether the road below is all the way up or all the way down.

If we had known this, why didn't we start taking action earlier and take advantage of the situation earlier?

Even if you started construction in 1980, you would probably have sold thousands of houses by now, right?

With such a huge profit base, you can not panic even if there is a decline later.

It's like there is no work at all now, and there is no confidence whatsoever.

Li Chaoren can understand Yin Jun's mood very well. In fact, he feels the same. He also wants to say a few words to the leaders of Derun. What are they doing so early?

But he didn't call Yin Jun here today to complain about Derun.

He pondered and asked: "Yin Sheng, can you help me find out whether this land is for sale or repair?"

Yin Jun quickly waved his hand: "I don't know. This matter is too big for me to get involved in."

Even though Yin Jun has a high self-esteem, these 488 hectares of land involve a business worth hundreds of billions, especially for Derun, the eldest son from the mainland, Yin Jun will not touch it.

"Will real estate decline?" Li Chaoren asked again.

"Li Sheng, don't you know about this?" Yin Jun asked, "Since you know, why do you still ask me?"

Li Chaoren burst into laughter and shook his head, "I see, you are as slippery as a loach. I am really glad that you have become a shareholder of Changshi Group, otherwise our real estate strategy in the past two years would have been very difficult. Got it!"

Li Chaoren had asked Yin Jun before, and Yin Jun told him with certainty that housing prices would go down.

In fact, Li Chaoren also had this judgment, so he spent the most energy on sorting out Hutchison Whampoa instead of actively developing new properties.

Even when Hang Lung Group acquired properties to be built along the Hong Kong Island Line subway, he did not intervene. This surprised many people.

After all, in the first subway line bidding, Li Chaoren was the one who stole the show.

"If you want to make a fortune, you won't do it when everyone thinks the market is good. Concession now does not mean that there will be no opportunities in the future." Yin Jun said, "When we wait until the trough, we will take action again, and we will naturally be able to gain More...including Derun."

"I see."

Li Chaoren nodded slightly.

What Yin Jun said clearly shows his attitude.

Coincidentally, Li Chaoren thought so too.

Now if Derun wants to gamble again, it may be very dangerous. If it encounters a sharp decline, billions of funds will be trapped. What should I do?

After losing so much money, how would the mainland view him as a partner?

The best and safest way is to try our best to help Derun avoid stepping into the pit, and wait until the most dangerous period is over before helping them start new business.

Sometimes I think about it, these things of being a nanny are really hard work!