Mixed in 1980

Chapter 362 Is suppressing it or is it a good thing?
Chen Fan was talking about selling the second-hand house at a 10% premium. Once Swire Properties took over, other real estate developers would raise the price by 10%.

They don't even need to wait for a sale; they can raise the price on the spot.

The current average price is HK$6200 per square foot. If it rises by 10%, it will become HK$6800 per square foot, and it may break through the HK$7000 mark at any time.

Emotions ran high, but fortunately, a large number of properties came onto the market. Neither Chen Fan nor the other shareholders of Hang Seng Bank raised prices, effectively curbing the surge in housing prices.

Several days have passed, and the price has only increased by HK$100 per square foot.

Spark Investment also deliberately released information that negotiations with Swire Properties were not going smoothly, with the two sides having many disagreements on the price, further cooling down the market.

"Their price control is too ruthless!"

Li Ka-shing sighed slightly. He had been selling off his secondhand homes, hoping to raise prices as well, but his plans were abruptly interrupted.

This action must have some purpose in mind!

When you don't understand something, just follow along. If the market changes, you can minimize your losses. So, I picked up the phone and instructed them to sell some of the new houses.

People like him are a minority!
Most people are buying in. There are many new properties being launched, and the sales volume is very high. If it weren't for so many properties launching at the same time, the phenomenon of "sold out in seconds" would be created every day.

Who wouldn't want a piece of the pie?
Huang Dazhi of Sino Land has approached Xinghuo Investment to purchase two plots of land, and the two sides are currently negotiating the price.

Chen Fan had already confessed that Yu Jing had also asked for a very high price during the negotiations, estimating that the house price a year later would be 50% higher, which was a typical case of treating people like pigs to be slaughtered.

According to Yu Jing's calculations, the house price will be HK$10000 per square foot one year later, and the land price will increase by 50% to HK$15000 per square foot.

“Mr. Yu, your price is unreasonable. With the current market conditions, it won’t even increase to HK$10000 a year from now. A 50% premium is too much.” Huang Dazhi was very dissatisfied.

There was also an indescribable envy.

The land acquired by Spark Investment was all purchased in 84, in prime locations, at a price of less than HK$500 per square foot at the time.

Now, the price increases 30 times as soon as they open their mouths!
Yu Jing calmly said, "Mr. Huang, you can't say that. The reason why prices are rising slowly now is because we are selling off second-hand houses."

"Once Swire Properties completes the acquisition, property prices will definitely surge. Given the current situation, they will certainly break through the 10,000 yuan mark within a year."

Upon hearing this, Huang Dazhi shook his head slightly: "President Yu, a price exceeding ten thousand is just an optimistic estimate, and it is basically impossible to achieve."

"You won't allow it either!"

That's the key point. As soon as prices started to rise sharply, Starfire Properties released 3000 low-priced apartments in Yuen Long and Tuen Mun, and another 500 in Yau Tsim Mong.

It's obvious they don't want prices to rise too quickly!

The shareholders of Hang Seng Bank also went crazy, putting all their effort into suppressing housing prices, especially Li Hongying, who directly offered half of the houses in the community.

The current housing market outlook is clear: prices will definitely rise, but it will take time, and there is no possibility of a sharp increase. As a result, negotiations between the two parties have reached a stalemate.

Even the British are somewhat resigned to their fate!

Despite a two-pronged approach to promotion, the price failed to rise. Now, the only option is to accelerate negotiations with Xinghuo Investment to raise the price to 6800.

He Litai, however, was not in a hurry: "There's no need to be so worried. If someone dares to sell, we dare to buy. There are plenty of people who want to buy houses right now."

The same is true!

It's not just Swire Properties; other British capital is also snapping up assets, with capital from Europe, America, Japan, and South Korea all getting involved, as well as assets from Hong Kong itself.

Many investors have approached Xinghuo Real Estate, intending to acquire entire buildings from the company.

The current atmosphere is even more fervent than it was in the 80s.

Property speculation is something individual investors do; large capital firms directly speculate on properties. Hong Kong's "prodigy Hui" has already contacted Ma Xifeng, wanting to acquire three apartment buildings in a residential complex.

"Mr. Chen, are you selling?"

Ma Xifeng was unaware of Chen Fan's plan, but he understood one thing: the boss wanted to cash out, and lowering the price was just a way to cash out more easily.

Shen Tong Hui is indeed a capable person.

In 1988, at the young age of 24, he started his business in the glass industry. In 1990, he began to dominate the stock market, making great gains and earning the nickname "Prodigy Hui" from the media.

Having made his first fortune in the stock market, Prodigy Hui entered the real estate market, buying a building from the Cheng family and selling it two years later for a net profit of HK$4.4 million.

He then continued to trade, and his assets exceeded 20 billion!
Chen Fan had also heard of such a person: "If someone wants it, why not sell it? Don't just sell three buildings, even if it's the whole community, I'll sell it." "When you encounter this kind of property speculator, no matter who it is, as long as the price is right, you'll sell it. But you have to hold onto it for a few more days until the second-hand houses invested by Xinghuo Investment are sold, then you can sell it for 10% more."

"Okay, Mr. Chen!"

Ma Xifeng agreed, a slight smile playing on his lips. There had been quite a few people wanting to buy recently, so this year's performance would be good, and the year-end bonus would be substantial.

In Beijing, at Yangrou Hutong, Feitian Jewelry!

Xu Jinqiu frowned: "Boss Yang, this batch of materials is too small, less than a third of the previous batch. Did you stockpile them yourself?"

Mr. Yang smiled wryly: "Mr. Xu, you haven't been to the jade producing areas, so you don't know the situation. After the New Year, the price of Hetian jade skyrocketed, and the market is getting hotter and hotter."

"More and more people are buying jade, and the little bit of jade produced in the river is not enough to go around. This year's batch of goods was mostly bought from local villagers."

"Production will only decrease in the future!"

“High-quality seed jade is becoming increasingly rare. If you don’t mind mountain jade, we can get a batch of high-quality jade.”

Upon hearing this, Xu Jinqiu pondered for a moment.

Pebble jade is not necessarily good, and mountain jade is not necessarily bad. Pebble jade was originally mountain jade that rolled into the river and was continuously washed by the river to become pebble jade.

Good mountain jade can only become good river jade after it falls into water, while bad mountain jade can only become bad river jade after it falls into water.

In recent years, the price of jade has soared, and there is simply not enough jade pebble to dig out, especially high-quality ones. It is normal for production to decrease.

In a few more years, it might dry up.

Thinking of the jade stones she had received, Xu Jinqiu slightly raised the corners of her mouth: "Boss Yang, mountain jade is also fine, but you know, I only want high-quality ones."

"Don't worry, Mr. Xu, it will definitely be delivered to you in three months." Mr. Yang secretly breathed a sigh of relief, as the output of mountain materials was still quite large.

Jade pebbles will eventually become a scarce commodity.

Mr. Yang himself has also started stockpiling goods, in case the raw jade resources become scarce in the future, his jewelry store will still need high-quality raw jade resources to survive.

Xu Jinqiu also quickly realized the scarcity of raw jade.

Since last year, we have been cooperating with many jewelry stores in Yangrou Hutong. This month, several stores have delivered goods to us, and the situation is very consistent: production has plummeted.

Prices have also skyrocketed as production has plummeted. Last year, first-grade jadeite was priced at over 2000 yuan per kilogram, but after the Chinese New Year, the price has risen to over 6000 yuan per kilogram.

Even houses in Hong Kong haven't appreciated this fast!
She sighed slightly: "Let's just buy another batch this year. We already have enough raw jade in stock. The basement of Courtyard No. 17 is full."

"We can still acquire more jadeite. High-quality jadeite, especially icy jadeite, is still quite rare. This will provide sufficient support for Yan Yinzhen's future development in the jewelry industry."

After closing the basement, Xu Jinqiu stopped worrying and drove to pick up the children from school. Taking care of five children by herself was quite tiring, even with help.

Especially Yan Jin and Yan Che, Xu Jinqiu wanted to beat them up several times, but fortunately Yan Xi kept them in check, so the two little rascals couldn't cause much trouble.

"They'll be back soon, right?"

As time passed, Xu Jinqiu would often mention that a month later, Zeng Ali and Zhao Yuanyuan returned first.

The two women went to Hong Kong for a month, sorted out their company affairs, and then didn't want to stay any longer. After being away for so long, they both missed their children at home.

"Is Chen Fan still not finished?" Xu Jinqiu asked.

Zeng Ali held her little girl and shook her head slightly: "It will take a few more days. They are at a critical juncture over there, and he needs to be in charge in person."

Spark Investment had been dragging its feet for a month, but finally signed a contract with Swire Properties to sell 9300 properties at a 10% premium.

The transaction amount reached a staggering HK$280 billion!
As soon as the contract was signed, under the control of the British capital, the media began to publicize it extensively, with one piece of good news after another, and the house price soared in response, and it was impossible to suppress it.

On some property developments, banners displayed prices of HK$6200 per square foot the night before, but by the next morning they had changed to HK$6800.

The price increased by 600 in one night!

If calculated per square meter, the price increases by HK$6600 per night.

Such a large increase has a huge impact on both ordinary consumers and speculators, who are eager to buy houses now.

PS: Second update!
(End of this chapter)