Chapter 487 Pre-Sale Properties and Common Areas!

Since January this year, the Governor's Office of Hong Kong has auctioned many plots of land. Basically, the land prices have increased a lot compared to last year.

Ma Shimin, Wei Li, Xia Boyin, Wei Peter, Bao Fuda and others all feel the horror of the current land prices in Hong Kong.

However, their group now has more land in their hands. Except for some under development, they have not competed with other Chinese capital for new plots.

Now, they suddenly heard the boss talking about this matter, and they also felt very strange.

"If the housing prices in Hong Kong plummet by the end of next year, and the housing prices fall directly back to 1976, what do you think?"

Hong Kong housing prices will plummet next year?

Ma Shimin and others were very surprised.

If that is really the case, then there are many things to operate here. For example, sell as many properties as possible to get more funds back.

When the real estate in Hong Kong plummets, how can we invest at that time?

"Boss, doesn't that mean that we should sell the properties in our hands as soon as possible?"

Ma Shimin asked.

"Yes."

The rise and fall of real estate in Hong Kong is cyclical, but others don't know.

Yang Ming is very clear.

Now, he is the largest landlord in Hong Kong.

If he does not move, the land prices will certainly soar. After this cycle, they will still rise in the next cycle.

Yang Ming knows that in the second half of next year, Hong Kong real estate will begin to fall sharply. Not to mention the Chinese real estate tycoons in Hong Kong, all the homeowners in Hong Kong will be affected.

This involves domestic, international, and Hong Kong's future problems, etc.

However, now they don't know that those real estate developers and ordinary investors are rushing into the Hong Kong real estate market like greedy sharks smelling fish.

"We can gradually sell more properties in the next two years, and wait until the real estate in Hong Kong plummets, and then buy them back one by one. In other words, sell them at the peak and buy them back at the bottom."

This year and the first half of next year, a lot of things can be done.

However, in Yang Ming's view, this is not enough.

"Boss, then we have to lower the price to sell?" Mannix asked.

Yang Ming shook his head.

Ma Shimin and others all thought that of course they could not lower the price.

They are the biggest real estate developers, and rashly lowering prices will cause many problems.

"You can't lower the price. But I have a very good way."

A very good way?

These people don't know what the boss said about the good way?

If you want to talk about uncompleted houses.

Maybe many people don't know, but if you want to talk about pre-sale houses, many people know it.

The so-called uncompleted houses are nouns in the real estate market. They are a kind of investment tool, real estate futures, and refer to pre-sale unfinished real estate development projects.

The pre-sale license of houses is commonly known as uncompleted houses.

In the Hong Kong real estate market, houses used to be built before they were sold.

At the end of 1953, when Mr. Huo was building a new building on Gonggong Sifang Street (now Zhongfang Street) in Yau Ma Tei, Hong Kong, he pioneered the method of paying a deposit before starting construction and selling houses in installments, just like blooming (paying money) and bearing fruit (building), which is called "selling uncompleted houses".

In China, the pre-sale stage begins when the developer obtains the pre-sale license for commercial housing.

When the building is completed, the developer completes the initial registration of the house ownership with the local housing management department and obtains the real estate certificate (big property certificate), the house becomes a ready-made house.

In Hong Kong, if the real estate project has not yet received the occupancy certificate issued by the authorities, it is also defined as a pre-sale house.

It is most beneficial for real estate developers to sell real estate development projects in the form of pre-sale houses. In terms of cash flow, they collect money first and deliver the goods after a year or two.

For property buyers, the investment risk is the highest because there is a phenomenon of "buying a cow across the mountain". In addition to risks such as cash flow, bank mortgages, and interest, there are also potential risks such as the developer's integrity, local laws protecting investors, unfinished buildings, and shrinking buildings.

In other words, the domestic pre-sale house trading system was actually introduced from Hong Kong. However, the domestic market may be more radical, resulting in many unfinished buildings.

Speaking of pre-sale houses, they do play a big role in the development of real estate.

Yang Ming will not touch pre-sale houses.

However, there is another thing that Yang Ming must touch.

It is the common area.

A long time ago, buildings in Hong Kong were sold as a whole, so there was no such thing as "public area".

In the 1950s in Hong Kong, people bought buildings, not houses.

This term has been used until today. People who have lived in Hong Kong must know that Hong Kong people still call it "buying a building" and "paying for a building" today, and they will not say "buying a house".

The shadow of the transaction form at that time can also be seen from the inertia of the language.

Because buildings could only be sold as a whole at that time, those who could afford to buy buildings were either wealthy businessmen or foreign companies, the transaction volume was extremely low, and the capital recovery was slow. At that time, a businessman from Wenchang, Qiong Province, Hong Kong, Wu Yutai, the owner of the International Hongxing Investment Group, began to sell the building in layers.

In the 1940s and 1950s, buildings in Hong Kong were generally five stories high, which were divided into five parts on average and sold to five buyers respectively. The five people who bought a building jointly signed a common property right.

Since the area of ​​each floor is the same, there is relatively little dispute about public area.

The building property proposed by Mr. Huo.

First, the house is sold before it is completed or even started. It is like the process of flowering and fruiting. The fruit has not yet grown, but it is sold to buyers at the flowering stage to recover funds.

Therefore, it is commonly known as "selling pre-sale flowers".

Second, "selling pre-sale flowers" has opened up the mode of selling in units, that is, on the basis of stratification, each floor is divided into several units of different sizes and sold separately.

According to the earliest buildings that can be verified to have implemented this method, they are the famous Toad Palace Building and Champagne Building, of course, it is not ruled out that it was earlier.

This revolutionary measure of Mr. Huo greatly stimulated the property market and made many ordinary people able to afford houses.

However, the problem that followed was that the area of ​​each household was different, and the ownership of public spaces such as corridors and hallways became controversial, and the maintenance and repair of stairs and elevators were prone to disputes.

And this common area, Yang Ming had heard in his previous life that it was promoted by Li Jiacheng, so that many people, especially buyers, hated Li Jiacheng even more, and I don’t know how many people cursed him behind his back.

Yang Ming knew that whether it was pre-sale property or public area, it was not Li Jiacheng who made it big, because in history at that time, before the 1980s, there were many real estate companies in Hong Kong that were larger than his Changkang Industrial Group.

Later, when Li Jiacheng became the richest man in Hong Kong and a representative of Chinese businessmen, his influence had already overshadowed the four major families in Hong Kong, and even other Chinese real estate developers, even if it was not his doing, it was all blamed on him.

In Yang Ming's opinion, in addition to pre-sale property and public area, in terms of land hoarding, it was indeed Mr. Li who set a bad example in the mainland.

Chapter 2!

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