In mid-May, the weather in Hong Kong has begun to heat up, and many beautiful women have begun to wear beautiful short skirts. The flight attendants at Cathay Pacific Airport have also put on very elegant professional attire.
"Have you heard that Chen Zhiwen bought a 747 from Boeing in the United States as a private jet?" Several flight attendants gathered together and stood next to the glass plank road to chat. They were clearly dressed in professional attire and had a good figure and face. , suddenly became a beautiful scenery for the men around.
"747 plane? Such a big plane, a private jet?" A stewardess said in surprise: "The space inside the 747 is at least 4,000 feet, right?"
"Yes, this is a castle in the sky. The plane arrived in Hong Kong this morning, and the health department sent several people to clean it. It is said that it is so luxurious that words cannot describe it." The flight attendant who started the topic said.
"Where is the plane? Can we go and take a look?" another stewardess said.
"It's gone. Our airport is too small and we can't rent a parking space for a long time. It is said that we have flown to Wanwan. I don't know when we can come next time."
"It will definitely come. Next time we have a chance, we will go in and have a look."
"You think it's an amusement park? You can go in if you want?"
"Tch, for such a big plane, there must be a flight attendant, right? Maybe I can still apply for the job?"
"You little girl is so pretty, so be careful when you get on someone else's plane."
"Be careful? Is that something that Mr. Chen should be worried about?"
"Hahaha, you little girl"
"One more thing. I heard that Chen Zhiwen invested in a company in the United States. It was recently listed and made US$300 million."
"300 million U.S. dollars? 1.4 billion Hong Kong dollars? No wonder he wants to buy a private jet."
"$300 million is just drizzle from others!"
"It would be great if Chen Zhiwen could take a liking to us. We can all be small!"
"Stop dreaming." Everyone laughed, attracting the attention of more people nearby. However, there were more and more people nearby, and the flight attendants were afraid that the walls had ears, so they dispersed after a while.
With his own private jet, Chen Zhiwen's first feeling is that the jet lag is basically gone, because on the plane, he can rest peacefully, sleep peacefully, or play games with the flight attendants, and make great progress with each passing day.
Perhaps each flight only lasts for one day, and only a few times or a dozen times a year, but this small amount of time is worth more than the Boeing 747 itself. Highly comfortable flying can save a certain degree of boredom in life.
During the time he left, the most famous thing about the Hong Kong stock market was that Wharf officially announced its privatization plan. However, the price caused dissatisfaction among some investors. The two parties were also in the process of negotiation. This kind of thing is actually very common. After all, Everyone wants to maximize their interests, and Chen Zhiwen was not prepared to interfere after learning about it, and just let his subordinates do their own thing.
Hong Kong's real estate has also reached a very peak position. A large amount of overseas funds have poured in from abroad, accelerating the rise in prices. The profits of the three real estate businesses of Hutchison Whampoa, Wharf, and Galaxy Properties in the first quarter have all increased by more than 10% year-on-year. 50%, and the income from its rent-collecting business has also skyrocketed. Currently, Chen Zhiwen owns a lot of rent-collecting properties, but they are divided into three properties. After the privatization of Wharf, this area still needs to be reorganized.
The Hong Kong government's real estate auctions in the past six months have also hit new highs, especially for land along the subway. Dozens of consortiums have competed together, and the competition has become extremely fierce.
However, Chen Zhiwen's real estate company did not participate, because this was a business that Chen Zhiwen left to his old man. Hengyi Real Estate made a huge profit since it first obtained the subway property development rights in Admiralty, Central, and then added Chen Zhiwen's funds. Support, coupled with a history of successful cooperation with the subway company, and subsequent acquisitions of development rights for new subway stations, especially investment in gold futures, Hengyi also had a small share, and the returns obtained were also very generous, which further increased Hengyi’s scale of justice.
Although it is not listed, Hong Kong's real estate companies have regarded Hengyi as the sixth real estate tiger in Hong Kong. This tiger is particularly scary because the strength behind it is stronger than HSBC.
"You mean, you want me to give up the auction of subway properties in the future?" Chen Tianfu personally made tea for his son and prepared some fruits at the Chen family villa in Clear Water Bay, and the two started chatting.
When Chen Tianfu told his son that he was going to auction the land at three subway stations in Tsim Sha Tsui, he was stopped by Chen Zhiwen.
"It's not absolute. If you can complete the development and sell all the properties within one and a half years, you can participate in this auction." Chen Zhiwen explained.
"You mean, in a year and a half, Hong Kong's real estate industry will not be able to survive?" Although Chen Tianfu's current success depends on his son to a certain extent, he himself started from scratch, so he can naturally understand what his son means.
"About that. Hong Kong's real estate has always been cyclical. As early as last year, the average real estate price exceeded that of 1973. Logically speaking, it is about to collapse. But because of the mainland's reform, Hong Kong has become a springboard for global businessmen to cooperate with the mainland. , a large amount of foreign capital poured in, which delayed the outbreak of the real estate crisis. My guess is one and a half years, and it is best to be solved within a year." Chen Zhiwen replied.
In Hong Kong's real estate market, this bull market started in 1975. Until now, the average house price in Hong Kong has increased four times, and even five or six times in some areas. This increase is so high that even the Japanese market in the late 1980s It can't be compared, but it's just one city after all. Its basic base is a bit too small and its reputation is not high. Otherwise, it would have been washed away by international capital.
"One year is too short. One and a half years is actually a bit dangerous." Chen Tianfu said with some hesitation.
"Can't the house be built faster? If we start construction 24 hours a day, why not hire more construction teams?" Chen Zhiwen asked.
"This operation is feasible for general real estate, but not for subway stations." Chen Tianfu shook his head and explained: "The price of subway station land is very high, and high-rise buildings must be built and sold to recover the cost, but over there The land itself is not very good. Building high-rise buildings requires preparation of strong foundations, which takes a long time. No matter how many people there are, it is useless. Moreover, the construction of the subway takes more time. If the buildings are built too early, the subway If it’s not there yet, the price won’t be high if we sell it, and if we don’t unify the rhythm, we’ll lose money.”
"So that's it. If it's really too late, then don't invest." Chen Zhiwen said. Nowadays, housing prices in Hong Kong have skyrocketed, and the subway is the place with the largest flow of people. The investment here can easily exceed one billion Hong Kong dollars. Most real estate companies They can only form a consortium to participate, otherwise they will not be able to afford it.
If this kind of leveraged investment is successful, it will naturally make a lot of money. If it fails, it will be a loss. If there is no profit from gold futures, any company owned by Chen Zhiwen will be severely damaged if it encounters such a failure. In the 1970s, many real estate companies that were as famous as Li Jiacheng were dragged into the ditch in the next wave of real estate crisis. For example, Hang Lung Real Estate Company invested a large amount of money to purchase 9 subway properties, and then encountered house prices that were cut in half, and they suffered losses. 2 billion Hong Kong dollars, the entire company will almost not be able to turn around in the next ten years.
Considering that Hong Kong's real estate market will experience stagflation in the middle of next year, and Hong Kong's land and housing prices are already at a high level, from the data point of view, land prices will still rise from today to 1982, but the increase will be far higher than before. Before going to the hospital, Chen Zhiwen felt that it was no longer necessary to invest a large amount of money and take risks to earn the last profit, which was not very high.
"Okay, I listen to you, recycle capital and hold cash in hand." Chen Tianfu nodded and said. Once you make strategic plans based on the real estate crisis that will soon break out in the future, you will naturally need to hold a large amount of cash in hand, sell high and buy low. , is the normal state of the real estate market.
"I'm not in a hurry to recycle it. We can just do what we did with the previous projects, or we can invest in some projects with a cycle of less than a year. As Hengyi is so big, we can't do nothing, right?" Chen Zhiwen said with a smile.
The collapse of Hong Kong's real estate market began in September 1982, but it reached its peak in mid-1981. After that, the transaction volume began to decline significantly. However, because many large financial groups were still optimistic about Hong Kong's future and invested a lot of money, so It has held down housing prices, such as the original Land Land, which invested heavily in large-scale real estate projects after 1981.
It’s just that history has changed, and the current Jardine system is completely different from the original one. It’s hard to say whether it will continue to do so. Anyway, during the previous period of the highest growth in the real estate market, I basically followed the general trend and developed a lot. Now, It is still necessary to consider risks, and investing in projects with quick return on capital is the best choice.
Although there is still a year left, you still need to prepare in advance. After all, it is not real estate speculation. In this case, you can leave the market in the last few months. However, normal real estate company projects are cyclical and require a lot of preparation in advance before they can be perfected. departure.
"That's true." Chen Tianfu nodded and said: "By the way, your uncle invited me to invest in Yanjing again. I thought about it and found that there is nothing good to invest in. How about I go to Yanjing to build a hotel?"
"Yes, but there are no other requirements for building a hotel, especially naming. Just build it as a joint venture." Chen Zhiwen reminded.
At present, apart from industries and infrastructure that can be jointly invested, there is really nothing to invest in in other areas in China. In the past, Hong Kong rich people built hotels everywhere in the country. This is actually the reason.
But the more unlucky person was Bao Yugang. He made a request that seemed normal to him, but was stuck. It was not good to take it back. Now he can only wait for news.
"I've heard about Bao Yugang. Don't worry, I'll just give him a normal name." Chen Tianfu said with a smile.
"Actually, there is nothing good to invest in Hong Kong in the past few years. Dad, you can consider building some hotels in big cities in the mainland. Just like Shenhai City, it doesn't need to be super prosperous. It just needs to meet the basic local requirements for foreign businessmen. ." Chen Zhiwen suggested after thinking about it.
"Okay, I'll think about it." Chen Tianfu nodded. He would be cautious about his son's opinions. After all, he was so outstanding. He took Hengyi's HK$500 million and ended up getting back 1.5 billion in one year. A company that invested hundreds of thousands of US dollars a few years ago has now earned US$300 million from its listing. This kind of achievement is unparalleled in Hong Kong.
"Actually, Dad, do you want to consider listing in Hong Kong?" Chen Zhiwen said suddenly.
PS: Keep asking for monthly tickets
(End of chapter)
