Villa complex on Nan Wan Road, Lam's palace.

In the evening, Lin Zuhui and the Eight Immortals went to the living room on the second floor to rest. In early and mid-October, they gave birth to a son. After giving birth to a son, Lin Zuhui's children have increased to 10. This does not include the upcoming birth. This year, Lin Zuhui

The number of children will increase to 13.

"Tell people to sell off the ordinary houses in your hands slowly, and strive to sell half of them by the end of the year. Don't use the money sold now, and buy high-end houses, shops, office buildings, etc. later!"

Everyone's eyes lit up, it was finally the harvest season!

This time, the opportunity for Qixian to invest in ordinary residential buildings was during the 1989 crash, when residential buildings were generally uninterested. Lin Zuhui took the opportunity to let them invest in the entire residential building. In addition to the New Era Group's building, they also purchased other properties.

Real estate developer's building.

At that time, as a real estate developer, no matter how low the price was, it was impossible to keep it in hand because "goods rotate"; otherwise, if there was a slump in one or two years, wouldn't the real estate developer stop doing business in one or two years?

.So in that situation, real estate developers will sell it as long as they can make a small profit.

Therefore, Qixian probably bought about 1,200 ordinary houses worth 1.2 billion (with a down payment of about 20%) at that time.

This quantity is equivalent to the annual shipment volume of a large real estate developer like Great Eagle. Eagle Eagle estimates that it will only deliver 1,500 units this year, accounting for almost 1/20 of Hong Kong's annual supply.

Nowadays, the properties in the hands of others have more than doubled.

Worth more than 2.5 billion!

Guan Qianqian said excitedly: "I asked the company's accountant to calculate it for me. Now my building is probably worth more than 500 million. It's huge!"

All the girls looked at Guan with envy. There was nothing they could do. This woman had been with this man for the longest time. When she bought a house back then, she could already spend a huge sum of 50 million.

Li couldn't stand Guan's behavior, so he said, "What do you mean, just because you are under the greatest pressure to pay for the mortgage, I don't know how many small things Brother Hui has opened for you."

Insightful!

This woman is indeed a master of palace fighting, and she speaks the language.

Guan's loan at that time was NT$200 million. Based on a ten-year loan, the annual loan repayment would be NT$20 million. And Lin Zuhui's standard for the daughters was NT$30 million for living expenses per year. You can imagine how much pressure Guan had to pay for his house.

Without Lin Zuhui’s private subsidies, this would not be possible!

Others who received this kind of subsidy were Wang and Cai. Their property was worth nearly 200 million yuan and the loan was 160 million yuan. Therefore, they pretended not to know at this time and did not look at Guan with unkind eyes. They just did not participate.

The remaining Qiu, Li, Li, and Lin naturally had unconvinced looks in their eyes, as if they were saying that Guan Guan was cheap and yet behaved well.

Lin Zuhui hugged Wang, and the couple looked like they were watching a good show. Wang was now numb to the speed at which Lin Zuhui made money. She couldn't argue, and she didn't want to fight, so as not to offend this man. Besides, her man was making money too fast.

Fast, so fast that the number is astonishing. If you don’t fight, you will fight.

Guan suddenly knew what his man had said - wealth should not be revealed. Showing off and showing off wealth are not the same meaning. A rich man can show off that he wears clothes worth tens of thousands and drives a luxury car worth millions, but he will never reveal his identity.

All assets and past private accounts.

She made a fatal mistake. Although everyone knew that she owned the most properties, it was obviously not appropriate to speak out.

Guan looked at Lin Zuhui pitifully. This man had absolute authority in handling or suppressing such family disputes.

Lin Zuhui looked at Guan who had just given birth to his son a week ago, and naturally his heart softened immediately.

“Please do some shopping once!”

For a moment, the male host started talking, and he immediately received a lot of support.

"I'm interested in a piece of diamond jewelry from Luk Fook Jewelry. The price is only 300,000. Thank you Sister Guan!" Li said immediately.

"I heard that LV has received a new batch of goods. Let's make an appointment with them another day!"

For a time, everyone slaughtered Guan Yitong, but it was only a few hundred thousand.

Guan Jiahui felt slightly sad, but immediately agreed.

The family farce ended and everyone went back to the villa to hold their children.

Lin Zuhui, however, seriously thought about how to continue investing the funds they had cashed out. Purchasing luxury residences, shops, and office buildings was the best choice. The four girls, Guan, Wang, Qiu, and Lin, could invest in U.S. stocks, such as Oracle,

Best Buy. Especially Oracle. Neither Lin Family Office nor Hengjin Investment are currently buying it. The end of the year is the right time.

Thinking of this, Lin Zuhui already knew what to do and would make arrangements later.

With the boom in real estate in Xiangjiang, housing prices have increased by 55% throughout the year, which has reached a crazy level.

Residential buildings have the closest relationship with people's livelihood, and therefore cause the greatest "public resentment and public outrage."

Real estate developers develop some building units for internal subscription and some for public sale. Those who enjoy the "privilege" of internal subscription are group insiders and people and institutions related to the developer. The pre-built buildings and existing buildings they subscribe to are

Usually it is not about buying a property to live in, but putting it on the market at a higher price.

Real homebuyers often cannot even buy second-hand properties, but buy third-hand and fourth-hand properties. Prices are increased step by step, which makes homebuyers sigh. Publicly sold off-the-shelf buildings and existing properties are also beyond the reach of real homebuyers.

purchased.

When speculation is in full swing, you have to wait for days and nights.

The queues are basically monopolized by scalpers. If a home buyer wants to obtain the right to buy a property, he must buy chips from the scalpers, and each chip usually costs 20,000 to 30,000 Hong Kong dollars.

Real estate speculation requires taking risks. If you keep an eye on the real estate market and act decisively, you can make huge profits, and sometimes you can even make a profit for nothing.

Real estate developers welcome speculation for many reasons: speculation is directly related to the property market, and when the property market is booming, the market will be flooded with speculators, and vice versa; speculators can share some of the risks of real estate developers, just like dealers share

The risks for manufacturers are the same; speculation can contribute to the prosperity of the property market, that is, "speculation booms the market."

Therefore, some people regard real estate developers and speculators as twin brothers. What's more, they regard them both as the "culprits" for high property prices.

In the 1990s, calls for curbing property prices and cracking down on property speculation became louder.

The Hong Kong government, which pursues a free economy, can no longer sit back and do nothing.

On November 1, 1991, the newly appointed Financial Secretary McGrath announced that he would increase the stamp duty on property transfers and limit the proportion of internal subscriptions to combat speculation and curb the rise in property prices.

According to market rumors, McGrath claimed to be hunting tigers, not rats like scalpers.

Who is the tiger?

Li Ka-shing, Lin Zuhui, Guo Bingxiang, Cheng Yutong and other real estate tycoons are all tigers.

And who is Shuaihu?

For a time, the citizens of Xiangjiang promoted two people: one was Li Chaoren, who was the richest man last year, and the other was Lin Zuhui, who became the new richest man this year.

Coincidentally, on the same day that McGill announced a crackdown on speculation, the first phase of Kingswood Villas owned by Li Chaoren opened. Only 1,752 units were launched on the market. In the next three days, 30,000 people registered, and the queue grew.

Homebuyers and speculators are flooding the market. It is unknown how many internal subscription units there are in the first phase. Speculation is hot, but it is a public fact.

McGoulle was very dissatisfied with this. Li Chaoren's "confrontation" was tantamount to "smearing" Mai's face. McGuller used his trump card and ordered the Banking Supervision Office to send a letter to all banks on November 5 to transfer the old and new ones.

Residential property mortgage loans (mortgage loans) have dropped from 80% to 90% to 70%.

This move is really powerful. The mortgage ratio is related to the cash affordability (down payment amount) of property speculators and home buyers, and directly affects the prosperity of the property market.

Wednesday, November 6th.

Zheng Yutong came to Lam Zuhui's office and said: "Zuhui, what do you think of the Hong Kong government's move?"

Lin Zuhui didn't want to get involved in this kind of thing. New Era Group was gradually developing comprehensively. What's more, he knew that the Hong Kong government's move still had many loopholes and was vulnerable to powerful real estate developers.

However, as a real estate developer, he has to stand on the same team as everyone else, otherwise he will become a public enemy.

It is right to say that there is no turning back!

"Uncle Tong, I naturally think that the Hong Kong government's move affects the free market economy and is not conducive to the development of Hong Kong!"

Zheng Yutong immediately said: "In that case, you are the largest real estate developer in Hong Kong, why don't you organize a discussion with everyone!"

If you think of yourself as a handsome tiger, you think too highly of yourself!

Lin Zuhui immediately smiled bitterly and said: "It's up to Li Chaoren to do this. I will definitely respond."

Zheng Yutong said with a smile: "I'm just here to test your attitude. Brother Jiacheng will host a banquet at the Hilton Hotel this Friday to entertain the Prime Minister of Columbia, Canada. I invite you to accompany me."

Lin Zuhui nodded and said: "Arrived on time! Uncle Tong really likes to joke. With my qualifications, I dare to organize everyone to protest against the Hong Kong government. I'm afraid it will make people laugh."

Zheng Yutong showed a Maitreya smile, and then said: "Everyone is also worried that you think too much, and you are engaged in 'Hong Kong culture to rejuvenate Hong Kong', comics and drinks, and you have forgotten that you are the largest real estate developer!"

Lin Zuhui said with a smile: "How could you forget that you are a real estate developer? Only when real estate brings enough profits can New Era Group be qualified for comprehensive development."

Zheng Yutong nodded, this brother can understand!

Friday.

Lin Zuhui arrived at the Hilton Hotel in Central. As soon as he got off the car, he saw the shadows of many reporters. He immediately understood that these reporters may have been deliberately attracted by Li Chaoren.

Real estate developers from all over Hong Kong accompanied the Prime Minister of Columbia, Canada, and held a banquet.

what does that mean?

This means that if the Hong Kong government insists on cracking down on the real estate industry in Hong Kong, then everyone may invest their funds in Canada.

Does the Hong Kong government still want to sell "high-priced land" in the future? Seventy percent of your fiscal revenue depends on Crown land auctions, rates, local taxes, stamp duties, real estate company profits tax, land property change fees, and there are no real estate developers. What will the Hong Kong government collect?

Tax?

(Note: Hong Kong is not just a real estate industry, but other industries have almost no tax, or the tax is very low, so it is called a free trade port)

"Linsheng"

"Li Sheng"
To be continued...