In later generations, Chen Zhiwen had never heard of Hengyi. Even when he was writing an online novel about Hong Kong, he could not find information about this company. Chen Zhiwen's first judgment was that 80% of the original Hengyi Real Estate was dead. After the 1973 wave, the remaining 20% should have fallen in 1983.
The real estate industry is different from other industries such as manufacturing and trade. When land prices rise, you can make money with your eyes closed. Be conservative and make less, and be aggressive and make more. For example, in later generations of mainland China, from the late 1990s to 2015 , if a person can buy an unfinished building when buying a house, the probability is really comparable to winning a Mark Six lottery, and behind it is the hugely profitable development of the real estate industry.
But if you encounter a crisis, it is basically a narrow escape. The more radical you are when developing, the easier it is to fall into it.
The Chen family lives in a garden villa on Seack Road in the south of Hong Kong Island. This is a villa area not far from Central. It is very suitable for business people like the Chen family who are in the middle and high end of the pyramid.
In this era, even Li Jiacheng lives in a similar environment. At most, the area is larger and the environment is better. The next step is the top-level mid-level villa area. This is the rarest resource in Hong Kong, even rarer than the buildings in Central. , if you want to live in it, you don’t have to have money.
"Dad, the grapes I just bought were imported from California, USA." After arriving home, Chen Zhiwen smiled and gave the grapes he bought on the road to the Filipino maid beside him.
The property in the luxury villa area has its own high-end supermarket, which specializes in providing various daily necessities to the owners. Many wealthy people in Hong Kong have invested in high-end agriculture, that is, they have their own breeding and agricultural bases in Hong Kong or nearby Asian countries such as Thailand. Basic daily food is available. It comes from here, including basic necessities such as drinking water, milk, rice and noodles, which are completely separated from the civilian food in the Hong Kong market.
The housekeepers of wealthy people in Hong Kong will not go to the wet market to buy food. The wealthy people in other places around the world are basically the same, including the mainland in later generations.
As for other personal hobbies, each owner can also make a private order. RB's Wagyu beef, French foie gras, Nordic caviar, American tuna meat, famous fruits from various regions, etc. can all be flown in, and even Michelin You can also invite a chef.
But the price is naturally very touching, but for the owners here, price has never been an issue. How to enjoy life and enjoy life is more important.
"I haven't eaten for a long time. I've been so busy recently that I forgot about it." Chen Tianfu put down the newspaper. After seeing his son, the sadness on his face lessened.
Chen Zhiwen picked up the banana on the table, sat down on the sofa and said, "I have told you that you should clear the real estate project as soon as possible, but you just didn't listen."
"It's not that easy. Many have already been signed and some have been pre-sold. If you want to quit, you will suffer even greater losses." Chen Tianfu shook his head and said.
"I told you this in July last year." Chen Zhiwen said with a shrug.
Just after traveling to Hong Kong, he and Chen Tianfu spent several hours convincing him to exit the real estate market as soon as possible. But at that time, he was just an ordinary handsome second-generation rich man who had just graduated, dominating the shopping mall. Naturally, Chen Tianfu, who has been with him for more than ten years, will not listen to him, even if he talks nonsense.
And when Chen Zhiwen made a fortune by "land and drink milk", Chen Tianfu also believed that there might be a problem in the real estate market, but he had been in too deep before. Although he wanted to get rid of it, it was still a little late.
However, because it sold some of its shares in advance, Hengyi Real Estate was in much better shape and did not directly go bankrupt. However, after several months of delay, the bank's debt was too heavy and there was already a problem with the capital chain.
"It's meaningless to talk about the past. I called you here today to ask if you are interested in taking over some of my properties. I will cash out some funds. Otherwise, the current market price is too heartbreaking. "Chen Tianfu said.
"Forget it, how much money does Dad want? I'll just give it to you. I don't want the property." Chen Zhiwen waved his hand and said.
Chen Tianfu smiled and said: "Didn't you say before that Hong Kong's real estate will rise again sooner or later? Why don't you stop now?"
"Sooner or later, it's still early. I'm not interested in facing such a lot of trouble." Chen Zhiwen and Ge You said while lying down.
If it is an undeveloped land, Chen Zhiwen may still be interested, but for a property that is already half-built, there are too many things to do. People who have already bought the house come to make trouble every few days and demand refunds and check-out. The builders urge When you ask for money to pay workers, people from the government might come and force you to continue building quickly.
Maybe no one is wrong. What is wrong is that the house is the largest main body of the economy.
Chen Tianfu nodded and said: "Okay, then you can lend me 8 million Hong Kong dollars first. When the time comes for the real estate recovery you mentioned, I will return it to you with interest."
"Okay." Chen Zhiwen agreed with a smile. In fact, there is no need to be so fussy between father and son. They are all from the Chen family anyway. However, this is what Chen Tianfu asked for. He also has to pay back the money he borrowed from his son. The money his son borrowed from him before Also want to pay back.
Taking out the check, Chen Zhiwen wrote out a check for 8 million and handed it to Chen Tianfu.
Chen Tianfu took the check, took one look at it, put it away, and asked, "You made a lot of money before, but now you have no investment plan?"
Chen Zhiwen shook his head and said: "The most profitable place in Hong Kong in the future will definitely be the real estate industry, but now is not the time. I will get involved when the time is right."
In the 1970s, Hong Kong's real estate industry had already exploded with future potential. Capital from all sides, including shipping companies, shipping companies, factory owners, traders, clothing companies, etc., all invested in it. Yes, basically 99% will not survive the next 20 years.
When he came to Hong Kong, Chen Zhiwen did not intend to rely solely on real estate for development, but it was impossible to give up this piece of fat. With an investment like Hong Kong real estate with huge returns, he would have more capital to develop in other industries in the future, and Competitors compete at the right time.
"Okay, it's really not suitable for business in the recent period. Then you should quickly find a girlfriend, get married and have children. Your mother has been urging you for a long time." Chen Tianfu nodded and said.
"Why be anxious? I'm still young?" Chen Zhiwen was too lazy to care. In the 1970s and 1980s in Hong Kong, if you got married early and started a family, wouldn't that be crazy?
I am only 22 years old, but my kidneys are still very strong. When my kidneys can be transplanted, I will never let my heart wander. How can I give up such a beautiful life?
When the day comes that my kidneys can no longer move, I can just find an honest girl who is gentle, virtuous, elegant, kind, quiet, dignified, talented, virtuous and double-D to take care of my heart.
"You are still young, but we are not young anymore. If you want to have a grandchild, you are the only one in the Chen family." Chen Tianfu said with a smile.
"Okay, you are nagging like mom." Chen Zhiwen felt that it was better not to continue this topic, so he said: "Hengyi Plastic Factory, how are you doing recently?"
