Chapter 709 Boom! The World Has Changed! Hong Kong Housing Prices Have Begun to Plummet!

Chapter 709 Boom! The weather has changed! Hong Kong housing prices began to plummet! !

With the broadcast of "Journey to the West" on Asia Television, it became popular in Hong Kong throughout February.

This month, the major newspapers and magazines in Hong Kong seem to have news about this TV series every day.

When March came.

March is the rainy season in the south, and even in Hong Kong.

March 29, 1982.

In the evening.

Yang Ming was busy sitting in front of the computer.

Suddenly, a very loud sound came from outside.

"Boom!"

Then there were constant lightning and thunder.

Ah Zhu, Zhong Chuhong, and Guan Jiahui at the door of the room were all frightened by the natural scenes outside.

In the afternoon, Yang Ming felt that the weather in Hong Kong today was particularly depressing. In this kind of weather, it would definitely rain heavily. Unexpectedly, when he came tonight, it would really rain heavily in Hong Kong.

"Master, it's raining heavily outside." Ah Zhu came in and said.

"Are you afraid of thunder or lightning?" He asked the three women who ran in.

"Master, I am afraid of thunder and lightning."

Even so, Ah Zhu hurried to close the window.

It started to rain heavily, and the wind and water outside blew in.

Looking out from here, the lightning and thunder in the distance can be seen clearly.

Yang Ming was busy until late at night.

Guan Jiahui stayed.

Let Ah Zhu and Zhong Chuhong envy a little.

In the early morning, Yang Ming suddenly got up again.

"Sir, why did you get up?" Guan Jiahui opened her eyes and asked dazedly.

"I can't sleep, you go to sleep."

Yang Ming put on a coat and returned to the study.

Now I don't know if it's because of the rain or other reasons, Yang Ming always feels a little cold.

Yang Ming came to the study, turned on the light, and when he sat there looking out the window, Guan Jiahui didn't rest anymore. She was wearing that nightgown and a coat outside, and she came to Yang Ming's side.

This is the man she admires most!

When she was looking at Yang Ming quietly.

Yang Ming felt that something big was going to happen next.

Of course, it was not the heavy rain.

Yang Ming took the newspapers on the table.

Since the second half of 1981, the world economic recession has begun to cause the Hong Kong economy to begin to be sluggish, and bank interest rates are getting higher and higher.

These are not the most important.

Since 1975, housing prices in Hong Kong have gradually risen.

When they rise to a certain level, those investors who speculate in real estate will naturally sell them.

Before New Year's Eve, Huo Jianning asked his family to sell the two houses in the family as soon as possible. Li Jiacheng also predicted that the high housing prices in Hong Kong were not right, so he asked the sales department to start selling houses at a lower price.

In addition to Huo Jianning, Li Jiacheng and others, many people in Hong Kong felt that the Hong Kong real estate industry under high housing prices began to be wrong.

If there is a house that wants to be sold in Hong Kong, more people will follow suit.

In addition, a few days ago.

The auction of the land of the Governor's Mansion in Hong Kong, whether it is high-end residential land or industrial land, is completely different from the beginning of last year. Not only are there fewer real estate companies that have acquired the land, but the price of the land has been reduced again and again, and not many people are willing to acquire the land.

Now, Yang Ming feels that it has reached a very obvious breaking point.

The housing prices in Hong Kong are going to fall sharply, and it may be about to start.

Guan Jiahui looked at Yang Ming from the side.

Yang Ming pulled her to sit aside. Guan Jiahui didn't know what Yang Ming was thinking, and felt very relieved when she leaned on Yang Ming.

. . .

Early the next morning.

Yang Ming came down from upstairs.

It rained heavily last night, and the outside of the villa was wet at this time, and the garden was also wet.

This made Yang Ming not want to walk outside.

It was drizzling now.

When Yang Ming and his parents were having breakfast, Yang Jirong suddenly said: "Peter, the housing prices in various regions of Hong Kong have begun to fall obviously on the news."

Yang Ming took it over to look.

It turned out that the buildings in the central area of ​​Hong Kong had also begun to fall.

Some time ago, at the beginning of the year, the tallest building in Central Hong Kong was as high as 30,000 Hong Kong dollars per square foot, but now it has dropped to 20,000 square feet.

Even so, it seems to have dropped by one-third, but in Yang Ming's opinion, this is not very obvious.

In the eyes of many ordinary people, the luxury houses in Central Hong Kong at 300,000 Hong Kong dollars per square meter and 200,000 Hong Kong dollars per square meter are actually the same. For those rich people, the high housing prices in Hong Kong are now unsaleable.

In addition, according to the housing prices reported by agents in various regions of Hong Kong in newspapers, from the beginning of the year to now, they have fallen by 10% to 30%.

In the eyes of Yang Jirong and his wife, the housing prices in Hong Kong have also fallen sharply.

It is equivalent to a building bought for 10 million Hong Kong dollars at the beginning of the year or at the end of last year, and now the lowest price is only 7 million Hong Kong dollars.

Yang Ming thinks it is still early.

He can already see that the sharp drop in housing prices in Hong Kong has begun to become somewhat obvious.

He knew that if nothing unexpected happened, the selling price of industrial land this year, calculated by floor area, would drop from the highest level of HK$360 per square foot in December 1980 to HK$25 per square foot in October 1982, a drop of 93%.

High-end residential land in Hong Kong also dropped from the highest level of HK$1,502 per square foot in September 1980 to HK$540 per square foot in May 1982, a drop of 60%.

That is to say, it is still too early for housing prices to fall.

However, all this is almost what Yang Ming expected.

"Dad, it's still too early!"

If the earliest investors have invested in Hong Kong real estate since 1975, it is still too early to fall back to 1975. Now it can only fall to the beginning of 1981 at most.

In other words, it is still too early to fall now.

Judging from the major newspapers now, many investors have noticed that Hong Kong housing prices are really going to fall sharply.

Real estate investment is the same as stock investment.

The more real estate rises, the higher the stock rises, and the more investors there will be.

Just like at the beginning of last year, when Hong Kong real estate was soaring, it attracted many investors, and even a large number of buyers entered and bought at high prices.

Since the beginning of this year, many people have also felt that something is wrong. With the decline in housing prices, except for a small number of people who are not afraid of death, others dare not buy anymore, but instead start to sell their houses.

Yang Jirong and his wife naturally don't know this.

Yang Ming started preparing for this Hong Kong real estate crisis in early 1979.

Yang Ming finished breakfast.

Get on the bus and drive to Empire Group.

When arriving at Empire Group.

While Lin Xiuzhi prepared a cup of coffee for him, Yang Ming said, "Go and call Mai Lisi."

After a while.

Mai Lisi came in.

In February, the whole of Hong Kong seemed to be attracted by the "Journey to the West", which triggered a craze for the journey to the West in Hong Kong.

Now it is March.

Many Hong Kong investors have begun to focus on real estate.

"Mailisi, it rained heavily last night."

Mai Lisi didn't care whether it rained heavily in Hong Kong. What he cared about was that the housing prices in Hong Kong really started to fall as the boss predicted, and the decline was becoming more and more obvious.

Chapter 4!

Please subscribe! !