The Birth of the Hong Kong Island Family.

Chapter 232 [The real estate has collapsed]

It's another year of summer vacation.

On this day, in the conference room of Cheung Kong Industrial, Lin Zhichao introduced to the people present: "This is Lin Xiner, who will be an intern in the project department of the 'Miramar Hotel' this summer. Manager Liang, please arrange, the position will be an ordinary employee !"

Cheung Kong established the 'Miramar Hotel' project department last year, and the manager is an internally trained real estate talent named Liang Guangchang.This project department will also be the management structure of Miramar Hotel Company in the future.Miramar Hotel Company, including Miramar Hotel and Miramar Shopping Center, will be an important subsidiary of Cheung Kong.

Miramar Hotel needs a professional hotel management team. Lin Zhichao plans to hire a western hotel management team as a consultant (the fee is 4%~6%), and pay the consultant fee every year; of course, he will also cultivate a real management team. Recruit Chinese hotel management elites.

He believes that the Chinese can also do a good job in hotel management, but in order to do better, of course, they must learn from Western hotel management experience.Using the Miramar Hotel in Hong Kong, a large number of hotel management personnel within the group will be trained, which will lay a solid foundation for the establishment of Shangri-La Hotel in the future.

Liang Guangchang immediately said, "Okay!" Then he said to Lin Xiner, "Lin Xiner, welcome to the Miramar Hotel team."

Everyone understands that just by hearing the three names of 'Lin Xiner', one knows that she has a close relationship with Lin Zhichao.Judging by Lin Xiner's age, she must be Lin Zhichao's younger sister.

Lin Xiner quickly bowed, and said: "I would like to ask my bosses and colleagues to give me more advice! I am still a junior at the University of Southern California, and a senior in the second half of the year. My major is business management and marketing; so I don't understand many of them. Please bear with me and guide me more."

Everyone quickly responded, mostly words of encouragement!
The boss doesn't avoid his sister's entry into the job, so she is definitely not here to run errands or do odd jobs for everyone, but to learn; everyone is a smart person and must be able to tell the difference.

Afterwards, Lin Zhichao announced the official start of the meeting, and Lin Xiner also found a seat to sit down, holding a pen and paper, feeling excited and nervous.

The content of the meeting was very simple. It was Lin Zhichao's requirements for the interior design of the hotel building.

The Miramar Hotel Tower is 15 stories high. The entire design was done by a professional hotel designer, but Lin Zhichao also participated in it and contributed his own ideas.

Lin Zhichao copied an idea and used the circular glass windows of the later Jardine Building, that is, the circular glass was embedded in the concrete wall as a window.The problem of easy detachment of the outer wall is also covered with metal.

For a long time, many rooms in the hotel can see the sea view.Therefore, as Lin Zhichao put forward each request, the cost also began to rise.

But Lin Zhichao doesn't care, even if the cost is as high as 4000 million Hong Kong dollars, he will make the Miramar Hotel and shopping center a 'classic'.In the mid-60s of the previous life, the shopping center in Harbor City was nearly 60 square feet, and the cost was only 6000 million Hong Kong dollars.

Therefore, if the cost of the Miramar Hotel is 4000 million, it is already very high.

After all, he knows that hotels and shopping centers are very profitable. The Miramar Hotel was so "poor" in the previous life. It was listed for financing in 1972 and raised a full 1.5 million yuan, which is much more than the "Five Tigers of Real Estate". How many public stocks will be listed (minimum 25%).

After the listing, use the financing to purchase the land opposite Kimberley Road, which can be used for the reconstruction of the Miramar Hotel.As for the original site of the Miramar Hotel, in the late 80s, it should be rebuilt into a combination of shopping malls and office buildings.

Because, with the relocation of the airport, the plot ratio is bound to increase, and a larger commercial area can be built by then.

If it wasn't possible to add a very substantial floor area, it would not have cost a lot of money to rebuild.

At this time, the designed Miramar Hotel project, the floor area of ​​the hotel building is 50 square feet (680 rooms), and the shopping mall is 28 square feet (180 shops).

There should be a 50% floor increase in the future!
That night.

When Lin Xiner returned home, she was immediately greeted with booing and greetings.

"Xin'er, did you bully you on the first day at work?"

"Xin'er, is it hard on your first day at work?"

"Xin'er, are you used to working on the first day?"

Two sisters-in-law and a mother stepped forward to care.

Even a few sensible nephews surrounded her to care for her aunt.

Lin Xiner was so moved that she wanted to cry, but she already understood independence and responsibility, and immediately said: "Very good, everyone treats me very well! My brother directly introduced me to join the group at the meeting, and everyone understood my identity. Take good care of me."

In fact, it's not all because everyone guessed Lin Xiner's identity, and the working atmosphere in his company is also good; and the project manager Liang Guangchang didn't treat him specially, and assigned Lin Xiner to a female employee; after all, he knew everything It has to rely on work to speak, the boss is a person who values ​​the employee's own strength and work status, and doesn't like flattery.

Lin Zhichao said from the side: "Okay! It's just a summer internship, it's not a big deal!"

When I got home, Lin Xiner relaxed a bit in front of her brother, and said, "Brother, you should arrange to go in quietly, so that no one knows my identity. Also, there are no ordinary employees who go to work, and there are drivers who pick me up and drop me off." That’s right, I can drive myself.”

Lin Zhichao immediately said: "Come on, obey my arrangement! What you said is that boys should do this. If you, a girl, pretend to be an ordinary person and enter the company, you will be troubled by the harassment of the opposite sex."

Lin Xiner could only obey immediately. Of course, she also understood that what her brother said was very reasonable.

There are only one or two female employees in the Miramar project department, and the proportion of female employees in the entire Cheung Kong Industrial is estimated to be only about 10%.

Afterwards, everyone continued to ask Lin Xiner about the situation she encountered at work today, and they were very concerned.

After all, Lin Xiner went to practice as an ordinary employee, while Tang Caiyun and Xu Caiying went to work in the company purely as the wife of the boss. The nature is different.

Lin Xiner also told everyone vividly that the overall senses are very good!

Another half month passed.

On this day, Li Kangjie hurriedly came to the lawyer's office he cooperated with.

"Lawyer Guan, why didn't you pay our installment this month?"

Lawyer Guan Zuyao (British nationality) immediately said seriously: "Mr. Li, many owners who bought your house came to our lawyer's office to express their worries, worrying that the residential building could not be completed as scheduled. Therefore, for the interests of buyers, we freeze the purchase The family’s funds. According to our investigation, the funds you have collected from the real estate sold are enough for you to complete the project.”

Li Kangjie turned pale with shock, and said hastily, "Lawyer Guan, that's not how it works. If you freeze the buyer's money and pay us, our company will be in big trouble."

Guan Zuyao is a lawyer who adheres to the law and principles very much. He said directly and seriously: "Mr. Li, we are the buyer's lawyers and we must be responsible to the buyer. They are worried that you will use the money to invest in other real estate, so they sued us. Complaints, so we must consider their rights. And I have to tell you that you must complete the real estate that has been sold, otherwise you will become the defendant."

Seeing that the lawyers are not willing to pay, and they blindly emphasize that the sale of the real estate must be completed in order to obtain follow-up funds, Li Kangjie suddenly felt like a thunderbolt.

Recently, both land and house prices have been falling.The original owners of some land asked him to pay all the remaining final payment as soon as possible. On the other hand, it is difficult to sell a single unit of the house. Dalian Real Estate Company has fallen into a difficult situation without funds.

The verge of bankruptcy!

The thought came to his mind, and he shuddered suddenly.

Originally, if the installment funds here were paid to Dalian Real Estate, they could survive for a while; but now, there is really no way.

Back at United Real Estate, He Xian was waiting anxiously.

"How about it, why hasn't the law firm sent us funds yet?"

Li Kangjie said numbly: "Lawyer Guan Zuyao said...so, they have to temporarily freeze our funds, and they can't pay us until the house is successfully handed over."

He Xian was shocked and said, "Without funds, how can we complete the project under construction?"

Li Kangjie said: "What he means is that the funds given are enough to build the previous projects under construction!"

He Xian understood, because Dalian took up the funds from the previous real estate to buy a new site, so the law firm will not care so much about you; and the new real estate has almost only paid off the down payment of one piece of land, or you have to pay it back. It didn't sell, or it never did.

"This is how to do?"

Li Kangjie glanced at the anxious He Xian, and suddenly had an idea, and said, "He Sheng, you have a good relationship with Hang Seng Bank, can you borrow another sum from them, let's stabilize the company first."

He Xian suddenly said angrily: "Don't think about it! Now that Hang Seng Bank is urging me to pay back the money, how could it be possible to lend it to me!"

Li Kangjie said without giving up: "No way, He Tian from Hang Seng Bank is your brother, and He Shanheng is your friend for many years."

He Xian immediately said: "So what, now all the banks are worried that they will not be able to protect themselves. Hang Seng Bank has given so many loans to real estate companies. They are in a hurry. If the money cannot be recovered, the decades of painstaking efforts of their brothers will be ruined." Yu once. Not to mention the brothers, even the parents will pay back the money immediately."

He Shanheng has indeed been urging He Xian to pay back the money. Hang Seng Bank has finally switched to 'banking business'. It has not been a few years since this happened, and several founders died of panic.

He Xian then complained: "I regret that I should have listened to Lin Sheng's advice and signed so many guarantees! Li Sheng, hurry up and find a way. You dragged me into the water and made me miserable!"

Li Kangjie trembled suddenly, He Xian's face had become unusual, obviously very angry.

He could only comfort him: "He Sheng, don't be in a hurry! Where is the asset value of our big joint company, is it still insolvent? Think about it, even if the assets in our hands depreciate a little, there is absolutely Gotta earn!"

At this time, the land price and housing price outside have probably fallen by about 20%, and they have not yet collapsed.

He Xian breathed a sigh of relief, and then said: "Then hurry up and find a way to guess correctly!"

It can only be like this, he is from Omen, and he doesn't know that real estate in Hong Kong is still so risky.If I knew this earlier, I would never set foot in Hong Kong.

This time he guaranteed more than 2000 million yuan. If it is really a full compensation, it will be enough for him to return to the front of the street.

at the same time.

The same situation also happened to Chen Detai. Many of his sites were purchased with a [-]% deposit, and the land price was not paid in full.

Since the property cannot be sold in advance (the amount of investment is not enough, you need to invest the entire land fee, plus one-third of the construction fee), so a single unit cannot be sold, and naturally you will not be able to receive money, even the land fee. Unable to pay, the original owner even threatened to take back the land.

Those small and medium-sized real estate companies also encountered many cases of Chen Detai and Li Kangjie, so this time they washed away many real estate people.

However, land and property prices in Hong Kong are already falling, and no one knows how far they will fall.The real reason for the decline is that supply exceeds demand, and as more and more buildings are completed, it will naturally fall.

Every day when the neon lights first come on, Wan Chai kicks off the prelude to the fun and singing.From Fenwick Street to Jaffe Road and Lockhart Road, various topless bars, discos, and nightclubs are full of feasting and bustle.

It has always been an ideal place for local rich people and foreign tourists to have fun and get drunk, and it is also a gentle hometown for sailors to linger when British and American ships come to Hong Kong for supplies.

This year, the British writer Richard Mason created the novel "The World of Suzie Wong", which tells the story of a British painter who came to Hong Kong and met a woman named "Suzie Wong". Open one by one, from the reserved and shy rich lady, to the downtrodden Wan Chai bar girl, and finally become a single mother in a sad world.

This novel was made into a movie in the early 60s and became popular in Europe and America.The heroine's graceful figure in a cheongsam, the image of an oriental woman with long hair and shawl, coupled with her kindness, won the hearts of Western movie fans.

The successive successes of novels, movies, and musicals of "The World of Suzie Wong" will set off a "Hong Kong craze" in the western world.

At present, the number of tourists visiting Hong Kong has not exceeded 10, but the Hong Kong government is preparing for the semi-official organization "Hong Kong Tourist Association", which is expected to be established soon. This is also in response to the increasing number of tourists visiting Hong Kong.It is estimated that the number of tourists visiting Hong Kong next year (1958) will exceed 10.

Hong Kong's tourism industry is the cornerstone of Hong Kong's economy and can drive the development of Hong Kong's products, hotels, trade and other industries.

On this day, Lin Zhichao and a few real estate friends came to the Liuguo Hotel on the coast of Wanchai for dinner. Li Gaofu, Liao Baoshan, and Airship Tai attended the dinner.In the real estate circle, these are the only people who are familiar with Lin Zhichao, and the rest are just acquaintances with little contact.

Several people asked for a box, then ordered food and drank.

During the meeting, everyone inevitably talked about the real estate situation in Hong Kong at this time.

Liao Baoshan was the first to bring up the topic: "Large real estate developers such as Li Kangjie and Chen Detai are in trouble, and I don't know how many small and medium real estate developers are also unable to 'sell off-the-plan' and their funds are broken."

There are more than two unlucky ones, there are also many who have just entered the real estate industry and have one or two real estate properties under their banners, which are waiting to be sold off-plan, and they are also in trouble.

Tai also said: "The current problem is not only the restriction on 'off-plan sales', but also the drop in property prices and land prices. Even if it is possible to sell uncompleted properties, it must be sold and the price can be afforded. Li Kangjie and Chen Detai are both The development was too fast, which led to troubles. Fortunately, I developed real estate earlier, and the money I earned earlier can fill the projects in hand."

When Lin Zhichao sold uncompleted flats, he had already thought of "public housing lease", so Lin Zhichao sold uncompleted flats in August, and he also sold them in September, more than a month ahead of Li Gaofu.

As for Li Kangjie, Chen Detai and others, they all entered this industry in early 1956.

Li Gaofu also introduced: "The money I earned earlier was also posted on the land of the new project. Fortunately, I didn't rush into it."

In fact, he spent 420 million yuan to acquire a piece of land in March, and the unit price was 175 Hong Kong dollars per square foot, which was very expensive.In addition, the two properties purchased at the end of last year were hardly sold; therefore, Li Gaofu also lost a lot, and it can only be said that it will not affect the entire company and the construction of that commercial building.

The three looked at Lin Zhichao, but they knew that Lin Zhichao seemed to have expected this to happen.

Lin Zhichao said with a smile: "Our real estate developers exaggerated the housing demand in Hong Kong and deceived the citizens, but we should not deceive ourselves too. In this wave of real estate boom, everyone thinks about how many residential units have been completed, and there will be completed later. Hong Kong is really Do you have so many needs?"

The three of them nodded immediately, although they also belonged to hindsight.

Liao Baoshan said: "Although the supply of real estate exceeds demand temporarily, in the long run, the prospect of real estate is still there. As long as we can afford it!"

These are the consensus of real estate developers. Although it is a crisis this time, not many people are actually eliminated; Real estate companies are not inferior to the existence of the five real estate tigers.

Because the sharp drop in real estate this time was purely internal, and was neither affected by international events nor hit by political events.

Lin Zhichao said with a smile: "Of course you, Liao Sheng, can afford it. You have plenty of money."

Although the words are not explained, everyone knows it well.

Liao Baoshan 'countered back' and said: "You have almost collected all of Lin Sheng's money, and of course the funds are also very abundant."

Lin Zhichao said: "Haha, no way! Recently, the law firm is also planning to freeze our installment payment funds, and the funds are also tight." What he said was half false and half true. The law firm did intend to freeze it, but after seeing the financial strength of Changjiang Properties, I don't think it's necessary.

Liao Baoshan said: "That group of people really admit death, will Lin Sheng be short of money, really!"

The crowd laughed.

Although Lin Zhichao did not open a bank, his relationship with the bank is not bad.

After dinner, everyone didn't go to the entertainment venue. After all, with Lin Zhichao's identity, it would be inappropriate to go to an entertainment venue; the same goes for Liao Baoshan, Zingtai, Li Gaofu and others.

If everyone is entertaining, they usually go to private clubs.

Walking out of the Liuguo Hotel, more than a dozen young and beautiful cheongsam women, like hungry wolves, were ready to solicit customers.

Although Liuguo Hotel is a high-end hotel in Wanchai, it has two characteristics: many thieves and soliciting customers.

The women in the nearby Fengyue place like to come here to solicit customers, because most of them are rich.

"Blessed are you all!" Lin Zhichao joked, and then walked towards his Rolls-Royce under the cover of bodyguards.

Liao Baoshan, Airship Tai, and Li Gaofu only had the driver, so they seemed a little helpless.

Liao Baoshan had an idea, and said from several women: "The big fish have all run away, why are you still standing here in a daze!"

As soon as the words fell, the women turned around and chased Lin Zhichao's car.

Unfortunately, the car has already started.

Several women were disappointed, the window of the Rolls-Royce was opened, and a wad of money was stretched out, and everyone rushed up.

"100 Hong Kong dollars per person, you share one point for me, and the rest is all yours." Lin Zhichao said to the first woman who grabbed the money.

This woman looks like a veteran at first glance, with sharp eyes and quick hands!
But what she said next almost made Lin Zhichao vomit blood: "Boss, are you going to book the venue tonight? Go to that hotel, we will definitely be there on time later."

Both young and rich!
"No need! This is for you." Lin Zhichao then decisively rolled up the window, and then told the driver to drive.

In fact, the bodyguards had already got out of the car at this time, and they were on guard against the prostitutes.

After Lin Zhichao's Rolls-Royce left, the bodyguard also boarded the Ford and followed.

"Big boss!"

"What a handsome boss!"

During a wave of farewells, a crowd of prostitutes finally ushered in the time to share money, and Liao Baoshan and others not far away were stunned.

As everyone knows, Lin Zhichao regretted it to death in the car, and he would never come to Liuguo Hotel next time.

It's not that he's heartbroken about the little money, but that if it's published in the newspaper "Daheng Lin sends money to prostitutes on the street", then the public will definitely have a lot of imagination.

Of course, there are no reporters today!
(End of this chapter)