Chapter 460 Waiting to Be Slapped in the Face or Never Do It!

Liu Yanping really couldn't answer Li Xiaofan's question.

"Mr. Li, I really don't know this. What I just reported to you is just some information I just heard from a customer..."

"I understand, Yanping, you have to think of a way to find out more about the background of that investment institution as soon as possible. Know yourself and the enemy, and you will never be defeated. If we want to fight a price war, it is best to know the strength of the other party. How can they compete with us? How long will we fight?”

"I understand, Director Li, I will make arrangements right away!"

After returning to his office and turning on his computer, Li Xiaofan went to the Lion City Forum on Yahoo! Singapore. On the forum, discussions about the newly opened Popular Online Bookstore PK Pacific Online Bookstore became a hot topic in the past two days.

Many people even posted nonsense on the forum. The emerging Pacific Online Bookstore will no longer be a rival to the established Popular Online Bookstore. The Pacific Online Bookstore has already suffered a disastrous defeat in its first battle...

I don’t know if the “trolls” hired by the other party are deliberately spreading the news to “build momentum”. Li Xiaofan did not take a simple method of deleting posts. He ordered the backend network administrator of the Lion City Forum to “lock” these posts and allow them to be posted but not deleted.

He wants to hang on and give them a few slaps in the future!

Li Xiaofan lit a cigar and looked at the website of Dazhong Online Bookstore, which made him feel a sense of crisis for the first time since his rebirth.

My previous successes were all due to being one step ahead and seizing the opportunity.

But now, meeting a powerful opponent who copied homework made him feel like Alexander.

Moreover, he is originally in the same profession, and there is a mysterious investment institution behind him. This will be a tough battle!

…

In the evening, Li Xiaofan was invited to Mr. Tang's mansion on Bukit Timah Hill.

Mr. Tang and Fujiwara Kyoko became more and more fond of this future son-in-law. The launch of Pacific Online Bookstore made them overjoyed.

In the evening, there was actually nothing important. Mr. Tang and Fujiwara Kyoko would invite Li Xiaofan to their home for a meal on a regular basis to keep in touch with each other.

However, after dinner, Tang Jiaming pulled Li Xiaofan to the outdoor swimming pool to smoke cigars together and asked mysteriously:

"Afan, you are so awesome. Our housing prices in Singapore have gone up like crazy recently! The price of the HDB flat you asked us to buy for you last time has increased several times."

Li Xiaofan smiled and said: "Oh, really, it may be the reason why many Hong Kong people chose to immigrate to Singapore after Hong Kong returned in 1997, right?"

Li Xiaofan recently saw news about the skyrocketing prices of HDB flats in Singapore. However, at this time, these hundreds of thousands of new dollars are basically negligible compared to his net worth of hundreds of millions of dollars. Therefore, he doesn't care much about Singapore's real estate market.

"Afan, I have to admire your business vision. You really invest and make money. You are like a god of wealth!"

After Tang Jiaming finished praising Li Xiaofan, he asked:

"Afan, seeing how the real estate market has been so hot recently, my father and I discussed plans to acquire a piece of land near the east coast of Singapore and develop private apartments for sale. We want to enter the real estate field. Afan, this real estate project on the east coast Are you interested in participating?"

After hearing Tang Jiaming’s plan, Li Xiaofan was so shocked that he waved his hands repeatedly:

"Brother Ming, now is not the best time to get involved in real estate. The Singapore government may have to intervene in overheated housing prices! You must not buy land in the near future!"

Regarding Li Xiaofan's attitude, Tang Jiaming felt that he was a bit unfounded.

"Afan, the real estate market is so hot now. Everyone who owns HDB flats in Singapore is making money and everyone is smiling. The government can also receive a lot of transaction tax from it. The intermediary industry is also booming, which solves many problems. employment. Affan, how do you know that the government is going to intervene in housing prices?”

Li Xiaofan couldn't say it clearly, he could only say: "Brother Ming, this is a personal hunch of mine. Sometimes my hunch is quite accurate. Please listen to my advice and don't get involved in Singapore's local real estate industry for the time being! And I predict that next year , the economic performance of Asia as a whole may be worse..."

"Afan, are you not interested in the real estate business? You don't have to be so scary, right?"

Tang Jiaming looked at Li Xiaofan and said.

"Of course, Singapore's real estate industry may not be as profitable as the Internet industry you invested in, but Singapore's real estate has been increasing in value over the years. Afan, just like the HDB flat you invested in last year, the price has increased by four , five times, if you calculate it this way, this huge profit is not lost to the Internet industry at all!"

"Brother Ming, please really listen to my advice. I predict that the current stage of housing prices in Singapore may be at its peak. You'd better observe it for a while first!"

When Li Xiaofan said these words, he thought of the Asian financial crisis, which is getting closer and closer, and its impact on Singapore.

In the early 1980s, after Singapore's economy achieved extraordinary achievements, residents were overly optimistic about Singapore's economy and wanted to upgrade to new, larger HDB flats. At that time, in order to win more votes, the Action Party under the leadership of Mr. Lee did not take measures to curb the development of the real estate market and built a large number of houses. By the 1990s, the bubble in the Singapore real estate market was getting bigger and bigger.

Especially in 1995 and 1996, due to the return of Hong Kong in 1997, a large number of Hong Kong immigrants came to Singapore to buy HDB flats, which promoted the skyrocketing of the HDB flat market in Singapore!

At the same time, Singapore implemented an open financial policy to build an international financial center. In the 1990s, Singapore had become one of the world's largest financial centers, and its foreign exchange market ranked fourth in the world, second only to London and New York, and slightly behind Tokyo.

But this also means that Singapore's domestic financial market is vulnerable to fluctuations in the international financial market. More and more Singaporeans are also investing their assets in the financial market. Before the 1997 Asian financial crisis, 150,000 people in Singapore had used their provident funds to buy securities and stocks.

After the 1997 Asian financial crisis, the economies of Southeast Asian countries such as Thailand, Indonesia and Malaysia collapsed one after another.

Singapore was not immune to the impact. The Singapore dollar depreciated, and the stock market and real estate prices fell by 40%. Multinational companies that originally opened factories in Singapore also laid off employees and moved their factories to other countries and regions with lower costs such as mainland China...

Li Xiaofan felt that if he remembered correctly, the Singapore government would decisively launch a series of cooling measures for real estate in the next few months.

In his memoirs, Senior Minister Lee recorded: In the 1990s, while economic growth brought wealth to Asian countries, it also fueled the speculative mentality of some people. Before the 1997 financial crisis, a large amount of funds in Singapore were invested in the stock and real estate markets, and these stocks and real estate were used as collateral to obtain loans, which further expanded the asset bubble. In the long run, real estate speculation is very dangerous. Therefore, the Singapore government decided to "squeeze" the real estate bubble. In the second half of 1996, the Singapore government decisively launched a series of cooling measures, and they were all "drastic measures"...