Chapter 709 Boom! Things have changed! Housing prices in Xiangjiang have begun to plummet!

Chapter 709 Boom! Things have changed! Housing prices in Xiangjiang have begun to plummet!

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

This month, every day's news in Hong Kong's major newspapers and periodicals seems to be related to this TV series.

Entering March.

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

1982 3 Month 29 Day.

night.

Yang Ming is sitting in front of the computer busy.

Suddenly, there was a very loud sound outside.

"Boom!"

Then came the non-stop thunder and lightning.

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

In the afternoon, Yang Ming felt that the weather in Xiangjiang today was particularly depressing. Under this kind of weather, it would inevitably rain heavily. Unexpectedly, it would really rain heavily in Xiangjiang this evening.

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

"Are you afraid of thunder or lightning?" he asked as he looked at the three women running in.

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

Even then, Ah Zhu still hurriedly closed the window.

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

Looking out from here, you can clearly see the lightning and thunder in the distance.

Yang Ming was busy until late at night.

Guan Jiahui stayed.

Making Azhu and Zhong Chuhong a little envious.

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

"Sir, why are you up?" Guan Jiahui opened her eyes and asked drowsily.

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

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

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

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

This is the man she admires most!

When she looked at Yang Ming quietly there.

Yang Ming felt as if something big was going to happen next.

Of course, it's not the heavy rain.

Yang Ming took the newspapers and periodicals from the table.

Beginning in the second half of 1981, the world economic recession began to cause Hong Kong's economy to slump, and bank interest rates became higher and higher.

These are not the most important.

Since 1975, housing prices in Xiangjiang have gradually increased.

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

Before New Year's Eve, Huo Jianning asked his family to sell the two houses in their home as soon as possible. Li Jiacheng also predicted that something was wrong with the high housing prices in Xiangjiang, and asked the sales department to start selling houses at reduced prices.

In addition to Huo Jianning, Li Jiacheng and others, many people in Xiangjiang feel that something is wrong with the Xiangjiang real estate industry under the high housing prices.

If someone wants to sell a house in Xiangjiang, more people will follow suit.

Besides, the other day.

The land auction of the Governor's Palace in Hong Kong, whether it is for high-end residential land or industrial land, is completely different from the beginning of last year. Not only are there fewer real estate companies acquiring land, but the price of the land has dropped again and again, and there are still not many people willing to Get land.

By now, Yang Ming felt that he had reached an obvious breaking point.

The housing prices in Xiangjiang may be about to plummet.

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, but she felt at ease when she leaned against Yang Ming.

. . .

Early the next day.

Yang Ming came down from upstairs.

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

This made Yang Ming not want to walk around outside.

It's already drizzling now.

When Yang Ming was having breakfast with his parents, Yang Jirong suddenly said: "Peter, according to the news, housing prices in various areas of Hong Kong have begun to drop significantly."

Yang Ming took it and looked at it.

It turns out that the buildings in Xiangjiang Central District have also begun to fall.

Some time ago, at the beginning of the year, the tallest building in Hong Kong Central District was as high as 3 square feet, but now it has dropped to 2 square feet.

Even then, it seems that a third has dropped, but in Yang Ming's view, this is not very obvious.

In the eyes of many ordinary people, the luxury houses of HKD 30 per square meter and the luxury houses of HKD 20 per square meter in Central District of Xiangjiang are actually the same. For those wealthy people, the high housing prices in Xiangjiang are no longer available for sale. .

In addition, newspapers and periodicals now report that house prices offered by agents in major areas of Hong Kong have fallen by 10% to 30% from the beginning of the year to now.

In the view of Yang Jirong and his wife, the housing prices in Xiangjiang have fallen sharply.

The equivalent of a 1000 million Hong Kong dollar building bought at the beginning of the year or at the end of last year is now as low as 700 million Hong Kong dollars.

Yang Ming thought it was still early.

He could already see that the sharp drop in housing prices in Xiangjiang was beginning to become apparent.

He knew that, if nothing unexpected happened, the selling price of industrial land this year, based on floor area, dropped from the highest level of 1980 yuan per square foot in December 12 to 360 yuan per square foot in October 1982, a drop of as much as 10%.

香江的高级住宅用地，亦从1980年9月每平方尺1502元的最高水平，跌至1982年5月的每平方尺540元，跌幅为60%。

In other words, it is still early for house prices to fall.

However, all this was pretty much what Yang Ming expected.

"Daddy, it's still early!"

If the earliest batch of investors invested in Xiangjiang real estate in 1975, it is actually still early and it is impossible to fall back to 1975. Now it will fall to the beginning of 1981 at most.

In other words, it is still early to fall.

Judging from the current major newspapers and magazines, many investors have noticed that housing prices in Xiangjiang are really going to plummet.

Real estate investing and stock investing are the same.

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

Just like at the beginning of last year, when Xiangjiang real estate was booming, it attracted many investors, and even a large number of takeovers came in to buy at the high price.

Since the beginning of this year, many people have also felt that something is wrong. House prices have fallen. Except for a small number of people who are not afraid of death, others have not dared to buy anymore and have begun to sell their houses.

Naturally, Yang Jirong and his wife did not know this.

Yang Ming began to prepare for this Xiangjiang real estate crisis in early 1979.

Yang Ming finished breakfast.

Get in the car and ride to the Imperial Group.

After coming to the Imperial Group.

When Lin Xiuzhi gave him a cup of coffee, Yang Ming said, "Go and call Meris."

After a while.

Merith comes in.

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

Now into March.

Many investors in Hong Kong have begun to set their sights on real estate.

"Mailisi, it rained heavily last night."

Melisi didn't care whether there was a heavy rainstorm in Xiangjiang. What he cared about was that housing prices in Xiangjiang had really started to fall, as the boss predicted, and the decline was becoming more and more obvious.

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