Chapter 680 The beginning of the bargain hunting of high-quality properties

Chapter 680 The beginning of the bargain hunting of high-quality properties

Chapter 680 The beginning of the bargain hunting of high-quality properties

After arranging the real estate and shipping business, Yang Wendong's work and life returned to normal. Time soon came to December 12, on which day, the headquarters relocation, which had been planned for a month, officially moved into the new building;

As the largest Chinese-owned financial group in Hong Kong, the Changxing Group moved into what is now the tallest building in Hong Kong. Naturally, for such a major event, leaders from the Hong Kong real estate industry and other Chinese-owned companies that the group knew were invited. In addition, several officials from the Hong Kong government were also invited, but the Governor and the Governor were not invited because they had gone to the UK.

Hong Kong society also treated such happy events very solemnly. Dozens of lion and dragon dance teams danced happily in the square in front of the Recreation Building. A large number of reporters and TVB's professional filming team also came to the scene to report this grand event.

"Mr. Li, Mr. Hu, Mr. Zheng, Mr. Bao." Yang Wendong also shook hands with the visitors one by one.

"Mr. Yang, congratulations on moving into the new building. You will surely make a lot of money in the future." Many people also said with a smile.

Many of today's Chinese conglomerates have been invested by Yang Wendong. Those that have not invested have more or less cooperated with the Changxing Group. After all, Hong Kong is just a small city, and large conglomerates like the Changxing Group are involved in too many businesses, especially real estate. In many cases there is cooperation and competition, but they are all benign, and the real estate industry itself is a case of everyone prospers and suffers together.

"Thank you all very much. Please come in. I will be with you later." Yang Wendong bowed and said with a smile.

There is no shopping mall in Kangle Building, all of which are for internal use. This is also because Changxing Group has many businesses, and sometimes a 52-story building may not be enough for itself;
But even so, the opening ceremony of the building was very grand. As the boss, he also needed to cooperate with the master of ceremonies to complete various activities one by one in front of the media and some guests.

After the dragon and lion dance team's performance, the host gave an opening speech, Yang Wendong delivered a speech, the ribbon was cut, and the plaque was unveiled. Then he took some people and media friends into the building for a tour. They arrived at the restaurant of Kangle Building at noon and naturally had a hearty lunch here.

As the future headquarters building of Changxing Group, it needs to accommodate thousands of people, so catering preparation is naturally a top priority. Therefore, there is naturally a special canteen to facilitate employees and save their time.

In the afternoon, the celebration ceremony for the opening of the building officially ended. Most people left after receiving the red envelopes prepared by Changxing Group, but some bigwigs in the real estate industry stayed.

Yang Wendong also knew the purpose of the crowd. It was not easy for these people to get together on weekdays, especially since he basically did not participate. Now they took advantage of the opening of the Kangle Building to get together and discuss some things. Especially now, the Hong Kong real estate market has also been affected by the stock market and has begun a downward trend.

Yang Wendong brought a group of people to his office. On the other side of the table, there was a rest area with many sofas that could easily seat ten people.

"Everyone, please sit wherever you like." Yang Wendong said with a smile.

"Thank you very much." Many people also sat down. Chen Zengxi from Hang Lung Group asked first, "Mr. Yang, we don't want to waste your time. We just want to ask, what do you think of the Hong Kong economy now?"

"What's wrong? Has the stock market crash had a great impact on you?" Yang Wendong asked with a smile.

Chen Zengxi nodded and said, "There are some effects. We have used stocks as collateral before. Now that the stock market has fallen, the bank is urging us to increase the collateral, which also has a great impact on us."

Yang Wendong smiled faintly and said, "For this kind of thing, the bank is just sending a letter according to the rules. Now that the entire Hong Kong stock market has plummeted, there are only a few companies that can really increase the collateral. As long as we delay it and have a good talk, it can usually be negotiated."

Hutchison Whampoa also used a lot of stock collateral, but it only lasted until 1975. Generally speaking, when real estate companies have some problems, banks will not immediately abandon them. It is not that they are not ruthless, but they know that killing them may be useless.

Zheng Yutong of New World Group said: "The stock market may not be a problem, but the real estate market has also started to fall, which is the most fatal. Our core business is real estate. If there is no large amount of collateral on the stock price, then we can ignore it and even buy it at a low price. But if the core business is gone, what should we do? It is not right to do it, and it is not right not to do it."

"Yes, yes." Many people agreed.

Yang Wendong glanced at Zheng Yutong and said, "Mr. Zheng, hasn't the real estate market always been like this? In the past five years, housing prices have increased three to five times. It's normal that they've fallen a little now. And this is probably just the beginning. You are all elites in the real estate industry, so you should all understand this."

Zheng Yutong may be the most anxious among the group of people, because not only his business in Hong Kong was affected by the economic crisis, but also his overseas investment last year was greatly affected. In Hong Kong and Macau, the gambling king is the Ho family, but Zheng Yutong also likes to participate in the "gambling" business very much, but he himself does not participate in gambling, but likes to build casinos and do this business;
After the Ho family obtained the Macau gambling license, Zheng Yutong set his sights on overseas and invested 5000 million US dollars with the Ho family to build a large casino in Iran. However, less than three months after the opening, a political uprising occurred in the local area and the casino was not tolerated by local religious rules, so the investment was naturally lost.
The amount of US$5000 million, even if only half of it, is more than HK$1 million. This kind of loss has caused heavy losses to the New World Group. They probably wanted to make up for the losses in the Hong Kong market, but they didn't expect to encounter another economic crisis.

Luo Yingshi of the Eagle Group asked, "Mr. Yang, we are naturally aware of this, but we would like to ask you, when will this crisis end? Will the stock market crash end in a short time? Will the real estate market be able to recover after it ends?"

Stock market crashes are not always long-term, but also short-term. In less than a month, the Hang Seng Index in Hong Kong has fallen below 1000 points, almost halving. Perhaps it will recover soon, but after the recovery, they don’t know what will happen to the real estate market.

Therefore, they all came to ask Yang Wendong. After all, Yang Wendong did not only rely on industry when he started, but was also very successful in the real estate market. He seized every node, and the market also trusted Yang Wendong's judgment.

Furthermore, with Yang Wendong's influence today, perhaps just a word from him could restore the confidence of countless people, and confidence is what investors need. Once everyone has it, the market will really get better, and vice versa.

Yang Wendong shook his head and said, "You overestimate me, but I estimate that this economic crisis will not end so soon. The previous economic development was too crazy, far beyond what ordinary people in Hong Kong can bear. Now it is just returning to normal."

"But Hong Kong is now favored by international capital, so the economic level has little to do with the needs of ordinary citizens, right?" another person asked.

Yang Wendong said: "No matter how optimistic international capital is about Hong Kong, it is just to rent some houses and build a branch. Do you expect them to move their headquarters here? Or move their factories here?

They want to cooperate with the mainland purely for trade, nothing else, and their demand for Hong Kong is not as high as you think."

Before the mainland's reform and opening up, although international capital was optimistic about Hong Kong, it often only took advantage of it slightly, after all, it was just some simple trade;

Only after the reform and opening up did the mainland's demand for various materials surge, and at the same time began to gradually attract foreign investment, which led to Hong Kong's economic frenzy from 79 to 97. In these 20 years, only 83/84 saw a slight decline due to non-economic reasons.

"Mr. Yang, do you mean that everyone is going to have a hard life?" someone nearby frowned and said.

Yang Wendong smiled and said, "That's not the case. You are all well-known real estate businessmen in Hong Kong because you are here. You all have some background.

If the company has expanded too much in the past and has become heavily indebted or has run into operational difficulties, it can still cooperate with Changxing Real Estate, and Changxing Real Estate can also acquire some properties or land to a reasonable extent.”

"Land and property?" Many people hesitated, as these were the company's core assets.
But if the market continues to deteriorate and the company's operations have problems, then no matter how good the property is, it will be useless.

"Everyone, you don't need to agree to this matter now, or do anything. This is just a suggestion that we can cooperate in the future." Yang Wendong said again: "I won't force it. If any of you have any needs, you can find Zheng Sheng. He will be responsible for evaluating the pricing.
However, you all know that our current principle at Changxing Real Estate is to only look for land with prime locations or very large areas, so please be prepared early.”

Taking this opportunity to gather together, Yang Wendong naturally had his own purpose. Changxing Real Estate had anticipated this crisis long ago, cashed out in the early stage and made other preparations, so it already had a lot of cash on hand;

When the real estate crisis comes, it is natural to buy at the bottom;

Although the real estate crisis has just begun, some prime locations do not need to wait a year and a half to buy, and even buying at a high price in 72 will not be a loss; and today, I am here just to remind everyone that I have this plan;
As for when there will be a transaction, it is estimated that it is unlikely in the short term. After all, most of these companies have some strength and can survive for a while during the economic crisis. They will not sell their high-quality properties unless they have no choice.

But it is actually better for Changxing Real Estate. After holding on for a period of time, the housing prices will fall more, and it will be cheaper to buy.

PS: Please give me a monthly ticket
(End of this chapter)