People in Hong Kong create super chaebols

The news of Sioux City's massive purchase of properties in Xiangjiang has been frantically reported by all media in Xiangjiang for a long time.

Of course, this is driven by various real estate developers.

Even "Oriental Daily" and "Chivalry News" have continued to receive requests from some real estate developers, hoping to keep the popularity going. Of course, this is paid.

After all, "Oriental Daily" and "Xiayi News" can be said to be the top three news newspapers in Hong Kong.

Especially "Oriental Daily" has never fallen out of the first place since it was acquired by Sioux City, and has always stabilized its position in the industry.

In just one week, the two newspaper companies received millions of Hong Kong dollars in remuneration from various real estate developers!

They specifically asked Su Cheng for his opinion in advance.

Su Cheng felt that he was already famous enough in Xiangjiang, so he could report it however he wanted, as long as people didn't report any negative news about him, so he agreed to their behavior.

Since the global oil crisis, the world's economy has been in a state of depression. As a city that relies heavily on international affairs, Hong Kong is naturally the same.

Therefore, the real estate industry in Xiangjiang has not been very prosperous in the past year.

Almost all the bosses in Xiangjiang who have some funds are entering the real estate industry.

Therefore, there are many new properties currently on sale in Xiangjiang, coupled with the large number of second-hand houses, the market competition is fierce, but not many people are buying houses.

These real estate developers cooperate with banks and rely on loans to acquire land to build houses. They want to repay the money as quickly as possible by selling off-the-plan properties.

As a result, there are very few people buying existing houses, let alone off-the-plan properties.

This has led to many real estate industry bosses currently facing both the pressure of repaying loans and the situation of no one buying their houses.

The news of Sioux City's massive property purchases can be said to have given these real estate developers a good opportunity.

The Great Depression, coupled with the uncertainty of the future political situation in Hong Kong, has led to many people having little confidence in the future of Hong Kong. Even if they have money, they still hold it in their hands.

Su Cheng is the richest man in the world. Doesn't his large-scale purchase of properties in Xiangjiang mean that Su Cheng has full confidence in the future real estate industry in Xiangjiang?

Unexpectedly, due to the extensive media coverage and the promotion activities launched by various real estate projects, the real estate industry in Xiangjiang has really revived, and the transaction volume has continued to rise.

Many big names in the real estate industry hope that Su Cheng will come out for interviews and support the real estate industry in Xiangjiang.

However, it was obviously impossible for Su Cheng to come out to do such a thing.

The real estate industry in Xiangjiang will definitely fall into a low ebb again after three years.

If Su Cheng spoke out now, he would be the target of scolding.

While these media continued to hype, Su Cheng also specifically asked "Oriental Daily" and "Xiayi News" to issue a personal announcement.

"Hello everyone, I am Su Cheng. Recently, the news has been reporting that I bought properties on a large scale. It is true, but this is only my personal behavior and has nothing to do with the future development trend of real estate in Xiangjiang. My purchase of these properties is purely for personal reasons. I want to be a stable renter, not someone who buys and speculates on real estate, so when buying a house, you must do what you can.

The rise and fall of houses is a market behavior. Whether it rises or falls, it is a very normal phenomenon. Just like stock prices, they rise and fall. If they rise now, they will definitely fall for some time in the future. But From a long-term macroeconomic perspective, I am very optimistic about the future of Xiangjiang. If you just need to live in it or use it as a long-term investment, I recommend buying it. If it is for short-term real estate speculation, I personally do not recommend it. Finally, I would like to advise you. A word of caution to everyone: Investment is risky, so be cautious when entering the market! " Su Cheng specially reminded everyone of these words. Whether they listen or not is another matter.

In the future, if someone uses his purchase of property to hype up and mislead others into buying houses, then he can ask Oriental Daily and Chivalry News to use this evidence to fight back.

After Su Cheng's personal announcement was released, many people were just amazed at what Su Cheng had done. They didn't expect to buy so many properties just to be a landlord.

This matter has become another direction of speculation in the news media.

The announcement was also spread throughout the world through mainstream media in various countries as quickly as possible.

Many mainstream media have specially given Sioux City a nickname: the world's No. 1 charterer!

After this name was spread, the limelight even overshadowed his previous title of being recognized as the world's richest man!

This name eventually spread back to Xiangjiang.

Xiangjiang people agree very much with this statement.

After all, everyone can see that a property worth nearly 10 billion Hong Kong dollars was purchased at one time!

The tens of billions in this era are enough to compare with the hundreds of billions of Hong Kong dollars in 20 or 30 years.

Therefore, in the eyes of many people, the name Sioux City is really worthy of its name!

Although this announcement has caused a decline in the real estate market in Xiangjiang, the decline is not obvious. The main reason is that these real estate developers have been hyping up, and all the media in Xiangjiang have been bought by them. How can they stop!

As members of the real estate industry, Hong Kong Electric Real Estate Company, a subsidiary of Hong Kong Electric Group, and Hutchison Real Estate Company, a subsidiary of Hutchison Whampoa Group, have become beneficiary enterprises.

As for Su's Real Estate Company, a subsidiary of Su's Group, since its development time is still short, it is currently developing only one property, so its impact will not be significant.

During this period, the sales of several ordinary real estate projects under their ownership increased significantly, and funds continued to flow back.

Some people may ask, why does Sioux City go out of its way to purchase second-hand properties outside its own real estate company?

The reason for this is actually very simple. Both Hong Kong Electric Real Estate Company and Hutchison Real Estate Company develop commercial housing properties with relatively small areas.

As for Sioux City, the minimum requirement for property is over one million Hong Kong dollars. He is especially interested in commercial buildings and industrial parks. As for commercial housing, the minimum requirement is a villa.

As for ordinary commercial housing, not only does it not come with land, but it also has a large number of shared areas, which does not meet his investment needs.

On the contrary, we can sell all the properties developed by Hutchison Real Estate Company and only rent them out without selling them.

But this is not necessary. If the entire building is rented out, Hutchison Real Estate Company will not be able to recycle investment and develop alone.

And Sioux City can keep the prices of these second-hand houses very low outside, so why not!

The price of new houses is definitely much higher than that of second-hand houses.

Hutchison Real Estate Company operates its own operations, and while it can earn considerable profits, it can continue to purchase other land to develop the next real estate project.

Anyway, he didn’t acquire these properties for himself to live in. It doesn’t necessarily have to be a new house!

Maximizing profits is what businessmen pursue! (End of chapter)