Cheung Kong Industrial Group's on-book liquidity is HK$62 million, Global Shipping's on-book liquidity is HK$250 million, and Cheung Kong Holdings' on-book cash plus receivables is HK$92 million; at the beginning of the new year, Lin Zhichao checked the accounts of each company , and suddenly felt very excited.
Unconsciously, he has become the richest man in Asia.
A lot of Global Shipping's funds are deposited in Japanese banks, and they are in Japanese yen accounts. Because this wave of chartering ships to Japan, Lin Zhichao received all the money in Japanese yen, and both parties were happy.
These funds remain in Japan and will naturally be needed to build ships in Japan in the next two years; at the same time, funds from Europe and the United States are directly transferred to the HSBC bank account in Hong Kong.
During the period from July 1956 to July 1959, Global Shipping was expected to create profits of around US$260 million; Lin Zhichao was not prepared to misappropriate these funds, or misappropriated a small amount, and kept them in the shipbuilding business from 1959 to 1961. Of course, a small number of ships may be built in the next two years. Everything will be based on actual conditions.
The cash flow of Yangtze River Industrial Group can be extracted and misappropriated to invest in suitable projects.
As for the funds of Yangtze River Industrial, we need to add the proceeds from house sales in the first quarter of this year, which is expected to be 120 million (including the withdrawal of land funds, and the profit should be over 100 million); these funds will be used for commercial real estate projects and bargain-hunting real estate. project.
This wave of real estate has also created many multi-millionaires. In the beginning, real estate companies (about ten) with assets exceeding tens of millions will earn tens of millions, or even tens of millions; some millionaires will also be upgraded to multi-millionaires.
Take Liao Baoshan for example. It is estimated that her net worth is over 40 million yuan, because no one is competing with him for the land in Western District.
However, Huo Yingdong was robbed of many projects by Lin Zhichao. Although he worked hard to find new projects, his earnings were estimated to be only more than 10 million, and his net worth was around 20 million.
Needless to say, the Zhang Yujie family would lose at least 20 to 30% of its strength in the future without the Paterson Street project. However, the Zhang Yujie family may have earned as much as 20 million from Western medicine. After the war, they purchased some land and old buildings. , has also sold several properties in the past year, and its strength cannot be underestimated.
"Boss, what reference price do you plan to give for the price of Jinhua Building in North Point?" Hu Zhaoxu walked into Lin Zhichao's office and asked.
So far, Lin Zhichao has personally participated in the planning, drawings, construction, sales and other aspects of every real estate project; therefore, he still sets the price according to the market.
Lin Zhichao asked: "What's the market situation in the surrounding markets?"
Hu Zhaoxu immediately said: "The average price is 45 to 50 Hong Kong dollars per square foot!"
The increase in property prices is indeed sufficient, mainly due to the lack of purchasing power in Hong Kong. Currently, a unit in Hong Kong and Kowloon only costs HKD 30,000 to HKD 50,000. It is expected that in the early 1960s, it should rise to more than 50 Hong Kong dollars per square foot. By 1965, property prices in urban areas of Hong Kong and Kowloon should reach HK$60 to HK$80 per square foot.
After Lin Zhichao thought about it, he said: "We will sell it at a price of 40 to 45 Hong Kong dollars, and then hold a lottery to give away air-conditioning cabinets. The chance of winning is ten to one."
Hu Zhaoxu said with some surprise: "An air-conditioning cabinet is worth almost 4,000 Hong Kong dollars on the market, and we are offering a 10% discount!"
Lin Zhichao smiled and said: "What we consider when doing real estate is quick return of funds, credibility and reputation. Moreover, the current market situation has been greatly exaggerated by real estate developers, and purchasing power has become insufficient."
Hu Zhaoxu understands what his boss means. The major real estate developers are still crazy, but they cannot calmly understand that the market is already oversupplied.
He couldn't understand it at first, but when he was with the boss, he could understand it naturally.
He said: "Well, it is said that there were 15,000 to 20,000 residential units supplied in Hong Kong last year, and this year the supply may be even more."
In Hong Kong in 1956, there should have been 1,900 buildings completed. Of course, these buildings were not all residential buildings. Most of them were tenement buildings, mostly two or three storeys. In Hong Kong in 1955, less than 1,000 buildings were completed, which shows the popularity of real estate.
This year (1957), more than 2,000 buildings are expected to be completed, which will directly result in 17,000 to 25,000 vacant residential units in the market.
"Regardless of that, four of our properties were sold out in the first quarter, so we are temporarily slowing down."
"OK."
In an office building in North Point.
Several shareholders of Great United Real Estate Company were talking in the office. The leader Li Kangjie, the financial guarantee He Xian, and other Hong Kong and Macao businessmen all have one characteristic, that is, they have participated in the "Peninsula Campaign" smuggling.
After more than a year of development, this company has made a lot of profits, and all shareholders have recognized Li Kangjie as the 'North Point Land King'.
Even people outside regard Li Kangjie as the same "overlord" as Liao Baoshan. Liao Baoshan likes to be king and dominate, while Li Kangjie controls the wind and rain in North Point.
Li Kangjie handed a newspaper to everyone and said: "This site of Yangtze Real Estate in North Point has a unit price of only 40 to 45 Hong Kong dollars. Is Lin Zhichao's brain burning, selling it so cheaply?"
He Xian suddenly became interested and picked up the newspaper to read.
He only holds 20% of the shares in Grand United, but he is more interested in it. Because he is the 'King of Omen', he can intervene in Hong Kong's business. This is a good start. After all, how old is Omen?
“It’s indeed a lot cheaper!”
Everyone looked at the newspapers and frowned.
Someone said: "Li Sheng, didn't you say that North Point is our territory and not a single fly can come in?"
Li Kangjie said domineeringly: "Changjiang Real Estate bought the land early! If it were now, they wouldn't be afraid of him in North Point."
Everyone smiled. Last year, Great Union made more than 20 million. The speed of making money was like turning on a money printing press.
He Xian frowned and asked, "How is the Hong Kong real estate market going now?"
Li Kangjie said confidently: "He Sheng, please be at ease! Hong Kong's industry has developed rapidly, creating a large number of big and small bosses. After these people have money, they like to buy properties, and there are many buyers of ten units. yes."
He Xian immediately frowned. Although he only has 20% of the shares, he is the guarantee for every loan now, and Hang Seng Bank only recognizes him.
Later, He Xian said: "Land is a bit expensive now, almost 160 Hong Kong dollars per square foot. The land fee for a small real estate (one building) is 3 to 4 million Hong Kong dollars."
Li Kangjie said nonchalantly: "The price of land is high, which means the market is good. The land fee plus construction fee is 5 million, which can be sold for more than 8 million, and a site project can be completed in more than a year. This account is so good, right?"
Everyone smiled, and there was no doubt.
Land prices are rising, and housing prices are also rising. Although property prices are rising slowly, a real estate project does not take two years to complete.
Later, Li Kangjie said: "Recently, I have discussed two more sites in North Point, which can be enough to build three buildings."
Everyone is excited. Their idea is very simple. This year we will continue to conquer cities and build more projects.
Surpassing Cheung Kong Real Estate and Liao Chuangxing Real Estate to become the leading real estate company in Hong Kong!
As for Yangtze Real Estate's price reduction behavior, they quickly thought it was just like someone shouting caution during the bull market, they would be considered a fool.
In mid-January, Lin Zhichao learned that the owner of No. 77 Deep Water Bay wanted to sell it at a high price, so he introduced it to his father-in-law Tang Zhongyuan.
On this day, Lin Zhichao took Tang Zhongyuan and Song Qiaoling to see a house at No. 77, Deep Water Bay. The owners were also a British army officer and his wife.
After looking at the house, Tang Zhongyuan also said with rare arrogance: "Mr. Henry, our couple values your house, please give us a price?"
Henry is a senior British military officer stationed in Hong Kong. When he saw Lin Zhichao building No. 79 Deep Water Bay into a luxury villa, his first thought was to take the opportunity to cash out at a high price. After all, his term is coming soon and he can sell this house and make a lot of money from the Chinese. If it is passed on to the next person, the price will be difficult to find.
Because he only bought a foreign-style building after two years in office, mainly to house his wife and children.
"800,000 Hong Kong dollars! I know that Mr. Lin is the richest man in Hong Kong. He likes Deep Water Bay. In the words of you Chinese, it has very good feng shui. So, I want 800,000 Hong Kong dollars and I will transfer it to you. "
Lin Zhichao was stunned. He did not expect that with his move in, the price of the bungalow in Deep Water Bay would have been raised.
Moreover, this British guy is quite proficient in Feng Shui. No, it should be the celebrity effect.
As everyone knows, even if Henry doesn't understand Feng Shui, he only needs to look at the luxurious redevelopment of No. 79 Deep Water Bay to know that the price of bungalows here can rise.
Tang Zhongyuan said without any nonsense, "Okay! You are right, the Feng Shui here is very good."
The two parties reached a deal quickly and later formally signed the contract through the law firm.
Afterwards, Lin Zhichao invited Tang Zhongyuan and his wife to sit in the villa.
"How much money did my father-in-law make last year? Why is he so generous today?" Lin Zhichao also took the opportunity to joke.
Although Tang Zhongyuan's Oriental Group is making money, he has always continued to invest the funds. For example, he spent a huge amount of money to buy a surrounding 100,000 square feet of land (4 million Hong Kong dollars), expanding the factory's area to 330,000 square feet in one fell swoop. It costs money to build a factory and upgrade equipment, so the asset value of Oriental Group is estimated to be more than 25 million Hong Kong dollars.
The scale of Dongfang Group has surpassed other Shanghai-based companies, and Tang Zhongyuan has become the largest textile and garment factory in Shanghai. Of course, in terms of textiles alone, Tang Zhongyuan's company can only squeeze into the top five; however, the most important asset of the Oriental Group is the Oriental Garment Factory, which is indeed the largest garment factory in Hong Kong.
Oriental Garment Factory is also the largest garment factory, excluding the processing of plastic doll clothes. Its products have already occupied the South African market and entered the British market.
Tang Zhongyuan signaled Lin Zhichao to look at your mother-in-law. Lin Zhichao suddenly realized it and said with a smile: "It turns out that my mother-in-law values me. If I knew this, I should buy it directly and give it to you!"
Everyone has a good relationship, and Lin Zhichao's words were not a joke, but very sincere.
Song Qiaoling immediately said with satisfaction: "Your father-in-law can make money, so of course he won't spend your money."
Tang Zhongyuan immediately took advantage of it and said: "I did make more than 8 million Hong Kong dollars last year, and the profit from ready-made clothing has exceeded 5 million Hong Kong dollars."
It is extremely exaggerated to have such a profit in this era. Of course, it must be admitted that Oriental Group also earns more than three million from Yangtze River Industrial Group every year. Although Tang Zhongyuan took the initiative to keep the price very low, there were too many orders for zippers and dolls.
Even so, companies with an annual profit of five million are probably only among the top three textile companies.
As for the ready-made garment industry, only a handful can make millions of dollars in profit. Hong Kong's ready-made garment industry has not yet opened its market in Europe and the United States. It can only be said that some companies have already entered and it is expected to develop rapidly in the future.
Returning to No. 79 Deep Water Bay, the Tangs carefully visited the villa again, thinking about how to plan their own reconstruction of No. 77.
"Zhichao, how much does it cost to build your villa?" Tang Zhongyuan asked.
"The total cost is almost 3.9 million Hong Kong dollars. Father-in-law, don't worry. The expenses can be divided into several years. One million a year is enough." Lin Zhichao knew Tang Zhongyuan's thoughts and said proactively.
"Okay, we'll rebuild it after we buy it."
Villa No. 77 in Deep Water Bay belonged to Bao Yugang in his previous life. Lin Zhichao felt that there was no problem with Feng Shui. Although Bao Yugang is said to have four daughters, in fact the youngest daughters were all born in the mainland, and Tang Zhongyuan already has two sons.
Therefore, there is no problem for Weng's son-in-law to be a neighbor.
If given the opportunity, Lin Zhichao also plans to buy No. 80 Deep Water Bay as a backup residence in the future. There are also Repulse Bay, Shek O, and The Peak. In short, you should buy slowly.
He has many children. In the future, each of them will have a garden-style detached villa, which one would be appropriate.
No. 80 Deep Water Bay and No. 1 Repulse Bay. As long as these villas were purchased before 1967, the increase will be more than a thousand times, so they are also an investment. (End of chapter)
