On December 1, four banks in Hong Kong Island - Everbright Bank, Hang Seng Bank, HSBC, and Standard Chartered Bank also announced that they would provide citizens with a 20-year self-occupied housing loan plan.

At the same time, some social commentators also made remarks in newspapers - self-occupied housing is obviously suitable for current purchases. Anyway, most people do not have the conditions to leave Xiangjiang, so it is better to take advantage of the decline in the housing prices and buy a loan for self-occupied housing.

With some measures, Hong Kong's stock and real estate markets have stabilized, and there have even been some rebounds;

Of course, these measures can only play some stable role, treating the symptoms but not the root cause.

Yangtze River Building

Chen Zengxi of Hang Lung Real Estate and Zheng Yutong of Xinhuanyu Real Estate jointly visited Wu Guangyao.

Wu Guangyao didn't need to guess what the two of them came for!

Sure enough, after some greetings, Zheng Yutong took the initiative to speak: "Guangyao, the land price compensation period for the second section of the Golden Clock project is still 15 days, and all banks have rejected our loans, so we want to ask what you mean, after all, you are also a shareholder!"

Although Wu Guangyao is also a shareholder of this project, his shares are only 5% and he has never participated in the management of this project.

Chen Zengxi remained silent aside, and he was low-key in his work;

In comparison, Zheng Yutong, who is not very smart, is a little stronger than Chen's family;

In fact, except for Li Chaoren, the four major families in Hong Kong, who are very eloquent, the other three are relatively taciturn;

When holding some parties, the three of them were listening and occasionally expressed their good opinions.

Wu Guangyao said bluntly: "All major banks should have rejected you!"

The two of them turned red, and the major banks refused them more than just them;

There are also managers of several banks who even feel funny that they are still obsessed with developing properties, so they will naturally not fulfill their "naive plans".

After acquiesce, Zheng Yutong said: "Aren't you very optimistic about the development of real estate?"

Wu Guangyao said with a smile:

"It depends on how you understand it. What I am talking about is optimistic about Hong Kong's long-term development.

I believe you have also discussed in private "What will happen to the Sino-UK negotiations?" "How long will the real estate downturn last?"

Because everyone is in a joint venture, it is only suitable for development properties, not for rent-collecting properties;

After the building is completed, it is unlikely that real estate will become prosperous, and sales will not be ideal;

This will cause huge losses to the entire consortium."

When the two heard this, they immediately felt that Wu Guangyao's magic tricks were made and clearly understood what they had discussed.

Cheng Yutong said disappointedly: "But we have paid a 400 million Hong Kong dollar order. If we give up, we will lose 400 million Hong Kong dollars in vain!"

Chen Zengxi seemed to have been thinking for a long time and made up his mind to say, "It's better to lose 400 million yuan, or it's better to lose 1 billion Hong Kong dollars!"

When Zheng Yutong saw Chen Zengxi say this, she wanted to slap him;

Today I was so proud of Wu Guangyao (Hang Seng and Everbright have rejected the loan). Isn’t it just to avoid losing money?

Zheng Yutong knew that others might not be able to wait for the real estate to rise, but the person in front of him could definitely wait because he had infinite wealth;

So today I came to Wu Guangyao. The best hope is that Wu Guangyao promised to give the consortium a loan. No matter how bad it is, I hope that Wu Guangyao will follow the entire project so that everyone will not lose 400 million Hong Kong dollars to order.

Wu Guangyao smiled and said, "That wouldn't be a loss of HK$400 million!"

As soon as they finished speaking, the two of them showed joy on their faces!

Wu Guangyao continued: "Two plans: First, if you are really optimistic about this investment, you can completely pump water in the stock market and borrow from a syndicated banking group consisting of multiple banks. I believe there is no problem in collecting the 1.82 billion Hong Kong dollars in land supplementary funds."

Although the determined valuation is not good for major shareholders when the stock market is low, everything can be made up after the real estate market turns prosperous;

Wu Guangyao's proposal was also testing the optimism of this group of people about the future situation;

If they are optimistic about the future real estate situation, they don’t have to rob their projects themselves.

After hearing this, Chen Zengxi asked without hesitation: "What about the second plan?"

Wu Guangyao said: "Since everyone has no strength to wait for dawn, I will take on this project privately. I believe everyone knows that my attitude towards high-quality properties has always been for rent collection. If everyone is willing to develop this project by rent collection, then I will take the lead and you can be a shareholder!"

The two were overjoyed, and that was what they were waiting for!

However, the two of them were also tactful, because Wu Guangyao didn't need to hold the rental property with everyone at all.

Zheng Yutong hurriedly said, "You can do it! Let's quit this project!"

Wu Guangyao looked at Chen Zengxi, and Chen Zengxi nodded happily;

You should know that they were looking for Wu Guangyao at the end of the road. If Wu Guangyao had no choice, then everyone would have to order 400 million Hong Kong dollars;

Now that Wu Guangyao has bought this project, based on Hang Lung Real Estate's holding of 37.5% of the shares, Hang Lung Real Estate alone has made a full profit of HK$150 million;

Wouldn't it be better to use this 150 million Hong Kong dollars to buy at the bottom or deal with bank debt collection?

Seeing that both of them agreed unconditionally, Wu Guangyao said generously: "The total is HK$400 million, I should pay you 95%; but I will not treat you badly if you are busy. How about paying you a total of HK$450 million in compensation?"

Cheng Yutong hurriedly said: "Give us 400 million Hong Kong dollars is enough! After all, you take a lot of risks!"

Wu Guangyao smiled and said, "I don't think I'm taking risks. Hong Kong's real estate will sooner or later become more prosperous. I never consider the returns within ten years. So, HK$450 million is decided like this!"

When the two heard this, they were really like this!

If you consider the interests within ten years, the Wu family would not have spent a high price of HK$5.7 billion to buy the Central Land King.

Although everyone envies this way of investing in collecting rent for the future, they actually cannot do it;

In Hong Kong Island, Chinese real estate developers pay attention to "goods are like rotating", which means that houses should be sold quickly, even if there are some losses in a very small area, it is okay. The important thing is to recover funds and then redevelop the next property.

...........

Hong Kong Government Works Bureau

Wu Guangyao brought his son Wu Xianshuo to negotiate, intending to see if he could tell me about the land replenishment fee in the second section of the Golden Bell!

The head of the Works Bureau is a British man. After all, this is the core department of the Hong Kong government, and the chances of Chinese people being in charge are very small.

"Mr. Henry, can the land replenishment fee in Admiralty Section 2 be discounted? You also know that if there is no good news to stimulate the market, I believe that the biggest loss should be the Hong Kong government's finance."

"Mr. Wu hasn't come to the Bureau of Engineering for a long time. He didn't expect that he would visit the Bureau of Engineering for a lot of land expenses this time."

Henry made a joke in a sarcastic manner. When others talk about the price of the second section of the Golden Bell, the Bureau of Works will definitely not agree;

But this person comes, the Hong Kong government will give you more or less face!

Most of these Hong Kong government officials are customers of Everbright Securities, and Everbright Securities has made a lot of money for them to manage their finances;

Finally, the Legislative Yuan and the Executive Yuan, most members of the parliament even took up positions in companies under Wu Guangyao and enjoyed a generous amount of money.

Wu Guangyao smiled and said: "This is not a matter of replenishing land expenses, but the current Hong Kong real estate situation. It is not advisable to use the price of last year to measure the replenishing land expenses. The market needs some good news to stimulate so that the trend of real estate decline can stabilize, and the Hong Kong government's finances can also avoid too large deficits."

It is not necessary to investigate that the Hong Kong government's fiscal deficit is about to occur because in 1981, real estate revenue accounted for 35% of the Hong Kong government's fiscal revenue.

Henry thought for a moment after hearing this, and made up his mind and said, "How much do you think is appropriate?"

Wu Guangyao said: "This time I came to the Works Bureau, I have two pieces of land replenishment fees. I hope the Hong Kong government can give some discounts!"

Henry immediately reacted and said, "Huangpu Dock?"

Before the real estate crisis, Hutchison Whampoa had negotiated with the Bureau of Works many times about replenishing land prices in Huangpu docks;

Of course it is not ideal. The Hong Kong government is only willing to agree to HK$2.3 billion, which is why Wu Guangyao has a great face.

This is obviously too high!

In his previous life, Li Chaoren took advantage of the plunge in real estate, but talked about the land replenishment fee of HK$400 million, plus the road fee of HK$200 million.

Wu Guangyao nodded and said, "Yes! I hope the land replenishment fee for Admiralty Section 2 is HK$1.4 billion, and the land replenishment fee for Hutchison Whampoa is HK$800 million!"

When Henry heard this, he refused without hesitation: "Impossible, this is really outrageous! The land replenishment fee for Admiralty Section 2 is 1.5 billion Hong Kong dollars, I can promise you! As for the land replenishment fee for Huangpu Dock at least 1.8 billion Hong Kong dollars, this is a concession made by the Hong Kong government to stabilize the city."

Seeing that his goal of attacking the world was achieved, Wu Guangyao immediately spoke: "The land replenishment fee of 1.8 billion Hong Kong dollars in Huangpu Dock, coupled with the current sluggish residential buildings, I am afraid that I cannot ignore the interests of shareholders, so I plan to not develop it for the time being. Then I will supplement the 1.4 billion Hong Kong dollars in the second section of the Golden Bell first!"

Henry was stunned, this changed too quickly!

In the end, Wu Guangyao achieved his goal of going to the Works Bureau this time, which was to reduce the land replenishment fee of the second section of the Golden Clock to HK$1.4 billion;

As for Hutchison Whampoa, Wu Guangyao did not consider reaching a land reimbursement fee at all;

Because even if the Wu family has launched a large-scale support for the market, the adverse impact of Sino-British negotiations will actually exist for two years;

In the past two years, Hong Kong real estate is destined to be in a state of "sluggish and stagnant". It would be great if it could not cause a big drop.

So, let’s talk about it later!
Chapter completed!