I Want To Be a Rich Man on Hong Kong Island

  Chapter 667【Receiver Pan Man】

  On December 1, the four banks on Hong Kong Island-China Everbright Bank, Hang Seng Bank, HSBC, and Standard Chartered Bank, simultaneously announced that they will provide citizens with a 20-year home loan program.

  At the same time, some social commentators have also expressed their opinions in the newspapers-self-owned housing is obviously suitable for current purchase. Anyway, most people have no conditions to leave Xiangjiang. It is better to take advantage of the decline in property prices to purchase a set of loans for self-occupation.

  After a series of measures, Hong Kong’s stock and property markets have stabilized and even rebounded;

  Of course, these measures can only be said to have some stabilizing effects, and treat the symptoms rather than the root cause.

  Changjiang Building

  Chen Zengxi of Hang Lung Real Estate and Zheng Yutong of New World Real Estate jointly visited Wu Guangyao.

  Wu Guangyao can understand without guessing, what the two are here for!

Sure enough, after a greeting, Zheng Yutong took the initiative to speak: "Guangyao, the land compensation period for the second section of the Admiralty section is still 15 days, and the banks have rejected our loans again, so we want to ask you what you mean, after all. You are also a shareholder!"

Although Wu Guangyao is also a shareholder of this project, his shares are only 5% and he has not participated in the management of this project at all.

  Chen Zengxi was silent on the sidelines, he kept a low profile;

  In contrast, Zheng Yutong, who is not very clever, is a bit better than the Chen family;

  Actually, the four major families on Hong Kong Island, except for Li Chaoren who can speak well, the other three are relatively taciturn;

  When some gatherings were held, the three of them listened to them and occasionally expressed some good opinions of their own.

  Wu Guangyao said straightforwardly: "The major banks should have rejected you!"

  The faces of the two of them blushed, and the major banks more than refused them;

  There are also several bank managers. They even feel amused that they are still obsessed with developing properties, and naturally they will not fulfill their ‘naive plan’.

After the default, Zheng Yutong said: "Aren't you very optimistic about the development of real estate?"

  Wu Guangyao said with a smile:

   "It depends on how you understand it. I am talking about the long-term development of Hong Kong.

  I believe you have also discussed privately, ‘what will be the outcome of the Sino-British negotiations? ’’How long will the real estate downturn last? ’;

  Because everyone is a joint stock operation, it is only suitable for development properties, not for rent collection;

  After the building is completed, it is unlikely that the real estate will become prosperous, and the sales of the building will not be ideal;

  In this way, it will cause huge losses to the entire consortium. "

  When the two heard this, they suddenly felt that Wu Guangyao's magical calculation had made it clear what they had discussed.

  Zheng Yutong said disappointedly: "But we have already paid 400 million Hong Kong dollars in order. If we give up, we will lose 400 million Hong Kong dollars in vain!"

  Chen Zengxi seemed to have been thinking about it for a long time, and said with determination: "If you lose 400 million, it will be a loss of 1 billion Hong Kong dollars!"

  Zheng Yutong saw Chen Zengxi saying this, and wanted to slap him;

  Today, I turned my face down to beg Wu Guangyao (Hang Seng and China Everbright have already rejected the loan). Isn’t it just for not losing money?

  Zheng Yutong knows that others may not be able to wait for the real estate to boom, but the person in front of him can definitely wait, because he has infinite wealth;

  So I came to Wu Guangyao today. The best hope is that Wu Guangyao promised to give this consortium a loan. No matter how bad it is, I hope that Wu Guangyao will continue the whole project so that everyone will not lose 400 million Hong Kong dollars.

  Wu Guangyao said with a smile: "That would not lose 400 million Hong Kong dollars in order!"

  As soon as the voice fell, the two of them really showed joy!

Wu Guangyao went on to say: "Two options: First, if you are really optimistic about this investment, you can pump water on the stock market, as well as syndicated loans from multiple banks. I believe that this 1.82 billion Hong Kong dollar supplement will be collected. There is no problem with the land funds."

  Although the stock market raises funds when the stock market is low, the valuation determined is not good for the major shareholders, but when the real estate becomes prosperous, everything can make up for it;

  Wu Guangyao said this plan, also testing the optimism of this group of people about the future situation;

  If they are optimistic about the future real estate situation, then they don’t have to grab their projects.

  Chen Zengxi finished listening, and asked without hesitation: "What about the second plan?"

Wu Guangyao said: "Since everyone is not capable of waiting for the dawn, then I will take this project personally. I believe everyone is also clear that my attitude towards high-quality properties has always been for rent collection. If everyone is willing to use rent collection to develop this project , Then I will take the lead, and you can be shareholders!"

  The two are overjoyed, and that’s what they are waiting for!

  But the two are also acquainted, because Wu Guangyao doesn't need to hold the rent-collecting property together with everyone.

  Zheng Yutong quickly said: "You come and do it! Let's withdraw from this project!"

  Wu Guangyao looked at Chen Zengxi, and Chen Zengxi nodded happily;

  Know that they are Wu Guangyao who came to the end of their lives. If Wu Guangyao has no choice, then everyone will only lose 400 million Hong Kong dollars in order;

  Now Wu Guangyao has started this project. Based on Hang Lung Properties’ 37.5% stake, Hang Lung Properties alone has “earned” a full HK$150 million;

  Isn't it better to use the 150 million Hong Kong dollars to buy the bottom or deal with the bank's debt collection!

Seeing that both of them had agreed unconditionally, Wu Guangyao said generously: "It is a total of 400 million Hong Kong dollars for a **** order. I should pay you 95%; but if you are busy, I will not treat you badly. I will pay you in total. How about 450 million Hong Kong dollars compensation?"

  Zheng Yutong said quickly: "Give us 400 million Hong Kong dollars enough! After all, you have taken a lot of risk!"

  Wu Guangyao said with a smile: “I don’t think I’m taking risks. Hong Kong’s real estate will become prosperous sooner or later. I never consider the income within ten years. So, 450 million Hong Kong dollars was decided like this!”

  When the two listened, it was really like this!

  If you consider the interests within ten years, the Wu family will not spend 5.7 billion Hong Kong dollars to auction the land king in Central.

  Although everyone is envious of this investment method for collecting rents in the future, it is actually impossible;

  On Hong Kong Island, Chinese-owned real estate developers pay attention to "goods like rotation", which means that houses must be sold quickly, even if there are some losses in very few sites. The important thing is to withdraw funds before redeveloping the next real estate.

  Hong Kong Government Works Bureau

  Wu Guangyao brought his son, Wu Xianshuo, to negotiate, and plan to see if he could talk about the land compensation fee for the second section of Admiralty!

  The person in charge of the Works Bureau is an Englishman. After all, this is the core department of the Hong Kong government, and the chances of a Chinese taking the position are very small.

"Mr. Henry, can the land replenishment fee for Admiralty Section 2 be reduced? As you know, the real estate situation on Hong Kong Island, if there is no good news to stimulate the market, I believe that the biggest loss should be the Hong Kong government's finances. "

   "Mr. Wu hasn't been to the Public Works Bureau for a long time. I didn't expect to visit the Public Works Bureau this time for a land replenishment fee."

  Henry kindly made a joke, the works bureau would definitely not agree with others about the price of the second section of the Admiralty;

  But if this person comes, the Hong Kong government will give more or less face!

  Most of these Hong Kong government officials are clients of Everbright Securities, and Everbright Securities has made a lot of money for them;

  Finally, the Legislative Yuan and the Executive Yuan, most of the members of the Council have been appointed to the company under Wu Guangyao, enjoying a generous fee.

Wu Guangyao said with a smile: "This is not a matter of land compensation, but the current real estate situation in Hong Kong. It is no longer appropriate to use last year's price to measure land compensation. The market needs some good news to stimulate, so as to stabilize the decline in real estate. Trend, and the Hong Kong government’s finances can also prevent the deficit from becoming too large."

  You don’t need to investigate and know that the government's fiscal deficit is about to appear, because in 1981, real estate income accounted for 35% of the government’s fiscal revenue.

  Henry heard the words and thought for a while, then made up his mind and said: "Then how much do you think is appropriate?"

  Wu Guangyao said: "I came to the Works Bureau this time, and there is a land compensation fee for two pieces of land. I hope the Hong Kong government can give some concessions!"

  Henry immediately reacted and said, "Whampoa Dock?"

  Before the real estate crisis, Hutchison Whampoa had repeatedly negotiated with the Works Bureau regarding the land premium for Whampoa Dockyard;

  Of course not ideal, the Hong Kong government only agreed to 2.3 billion Hong Kong dollars, which is still Wu Guangyao's face.

  This is obviously too high!

  In his previous life, Li Chaoren took advantage of the real estate plummet, but talked about 400 million Hong Kong dollars in land compensation, plus 200 million Hong Kong dollars in road fees.

  Wu Guangyao nodded and said: "Yes! I hope the land supplement fee for the second section of the Admiralty is 1.4 billion Hong Kong dollars, and the land supplement fee for Hutchison Whampoa is 800 million Hong Kong dollars!"

When Henry heard this, he refused without hesitation: "Impossible, this is really cheap! The land replenishment fee for the second section of Admiralty is 1.5 billion Hong Kong dollars, I can promise you! As for the land replenishment fee of the Huangpu Dock at least 1.8 billion Hong Kong dollars, This is still a concession that the Hong Kong government hopes to stabilize the city."

Wu Guangyao saw that his goal of hitting the west was achieved, and he immediately said: "The Huangpu Dockyard's high 1.8 billion Hong Kong dollar land compensation fee, coupled with the current downturn in residential buildings, I am afraid that I cannot ignore the interests of shareholders, so I plan not to develop it for the time being. Now, let’s make up the 1.4 billion Hong Kong dollars for the second section of Admiralty first!"

  Henry stared at his pocket, this is also changing too fast!

  Finally, Wu Guangyao achieved the goal of going to the Public Works Bureau this time, that is, the land compensation fee for the second section of the Admiralty was reduced to 1.4 billion Hong Kong dollars;

  As for Hutchison Whampoa, Wu Guangyao has not even considered talking about land compensation now;

  Because even if there is a large-scale support by the Wu family, the adverse impact of the Sino-British negotiations will really exist for two years;

  In the past two years, Hong Kong's real estate is destined to be in a state of ‘sluggish and stagnant’.

  So, let’s talk about it slowly later!

  (End of this chapter)