Chapter 461 [Hong Kong Government VS Real Estate Developers](2/2)
Everyone said hello. Those present today include: Li Chaoren, Lin Zuhui, Zheng Yutong, Li Shauji, He Hongsheng, Guo Huonian, Guo Bingxiang, Luo Jiarui, Chen Qizong, etc.
Together, these large real estate developers account for more than 70% of the real estate industry in Xiangjiang, and the economy controlled by them will account for 40% of the economy in Xiangjiang (all of which have other industries).
Everyone was dining with senior Canadian officials, and naturally the main conversation during the meal was about MacLeod's attack on Xiangjiang Real Estate.
Lee Shau-kee, who usually rarely speaks out, was the first to express his opinion: "What are the consequences of such a barbaric intervention by the Hong Kong government in real estate? It will be a large number of home buyers who will suffer the most, and it will cause social unrest!"
The same is true for Lin Zuhui. When the "Public Housing Scheme" in 1997 was implemented in his previous life, it happened to encounter the Asian financial crisis, and it was criticized by many people.
The reason is actually very simple. There are too many property owners in Xiangjiang. Everyone thinks that the house they have worked so hard to buy has depreciated significantly because of your interference. Who will compensate for this loss?
Therefore, some treacherous people have naturally done a lot of treacherous things!
Then "gun barrel" Zheng Yutong repeatedly bombarded the Hong Kong government's "retrograde actions."
"If the Hong Kong government wants to consider the people, the fundamental solution should be to massively increase land supply and build more public housing."
"The Hong Kong government left a large amount of Crown land for auction during the peak period of the real estate industry. They received high financial revenue, but they want to beat us real estate developers to death!"
Everyone agreed!
Guo Bingxiang added: "Since the Hong Kong government asked the banks to send us a letter stating that the mortgage can only be 70%, then we are not afraid of them. Each of our companies has a finance company, and we can still provide 80% to 90% mortgage."
This is the trick of real estate developers. All large real estate developers in Xiangjiang own a financial company that can provide mortgages to home buyers. Moreover, their financial strength is no worse than that of ordinary small and medium-sized banks.
As a result, there are only two unlucky parties: banks and small and medium-sized real estate developers.
Thirty to forty percent of the bank's profits come from real estate. If real estate developers do their job, the bank's income will be much less;
If small and medium-sized real estate developers cannot provide mortgages, then their houses will not be sold. They already do not have much ability to develop real estate, but now the sales are monopolized by large real estate developers, which will make things worse.
Everyone agreed with Guo Bingxiang again!
Each of these real estate developers is smarter than the last, and it is impossible for the Hong Kong government and banks to truly defeat them.
Everyone looked at Li Chaoren and Lin Zuhui, meaning that it's time for you two to take a stand. You must know that you are the first bird that the Hong Kong government wants to defeat.
Li Chaoren shrank at the end and finally said: "If everyone provides mortgage ratios through affiliated financial companies, I will have no choice but to do the same!"
Lin Zuhui said calmly: "Don't worry, everyone, Xiangjiang Real Estate is not so fragile. Of course, as a junior, I will follow everyone's footsteps!"
Comparing the two, everyone still thinks Lin Zuhui is more cheerful!
Especially Lin Zuhui, who is the most visionary person in Xiangjiang, said that Xiangjiang real estate is still very promising, and everyone is relatively happy.
Since this gathering was considered a "deliberate leak", the news that real estate developers had joined forces to "confront" the Hong Kong government was boldly published in various newspapers the next morning.
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Chapter completed!