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Chapter 153 Su's Real Estate Company

It's easy to get things done with connections in the government. Suning took Susan to register a real estate company, and then Susan's husband Michel brought the approval document for the land in Kowloon. In the end, it only cost HK$950,000.

This price is really very cheap. The Bank of China Building, which was completed in 50, also cost two to three million yuan at the land auction in , so Suning is very satisfied with this price.

Suning believes that the reason for such a low price is not only Michel's secret operation, but also the recent fear of the British Hong Kong government. After all, they believe that Hong Kong will soon be taken back by the mainland.

Many British companies in Hong Kong are now selling off their assets, and many land auctions have failed.

When they heard that the newly emerged Su Real Estate had actually bought a piece of shabby land to build a residential building, many British companies were waiting to see the joke, thinking that Su Real Estate was acting ignorantly and fearlessly.

Suning owns 60% of Su's Real Estate's shares, and the remaining 40% are registered under Susan's name, so Suning is still the major shareholder of Su's Real Estate.

In order to acquire this piece of land, Suning had emptied all his savings. In order to start construction as soon as possible and recover the funds, Suning once again asked Michel to take the land approval document to his friend at HSBC, and then he borrowed 10 million Hong Kong dollars as he wished.

If he followed normal procedures, Suning could also get a loan, but it definitely wouldn't be that easy, and the amount wouldn't be that much. It would be great to be able to borrow two million.

Of course, the half-percentage of shares must be the reason for this. Because Michelle knew that he had 30% of Su Real Estate's shares, he worked particularly hard. Without Su Ning even asking, he took the initiative to contact the exclusive construction company of the Jardine Matheson Real Estate Company.

In 1951, the villagers of Tung Tau Village, Kowloon, discovered the situation of the wasteland next door. The roar of construction machinery day and night attracted their attention and they all speculated about the situation.

“That land has been vacant for so long.

They're working day and night now, what are they planning to build?"

"No way! You don't even know about such a big thing?
A Su-owned real estate company is planning to build ten ten-story residential buildings.

There is also an elevator, a separate kitchen and bathroom.”

"Ah? So good?"

"Yeah! If I could live in a house like this in my lifetime, I would die with a smile on my face!"

"Such a nice house must be very expensive, right? How much per square foot?"

"Huh? No one knows the details!

After all, the real estate company hasn’t started selling it yet!
But I heard that the boss of Su's Real Estate is quite weird. He sells houses by square meter instead of feet!
I have a fellow villager who works on a construction site there, so I know some inside information.

There are two bedrooms, a living room, a kitchen and a bathroom in it, which is 60 square meters, and a small room with one bedroom and a living room in it, which is 30 square meters!
It is said that there is also a 100-square-meter mansion with an area of 1,000 square feet!

"Oh my god! Such a nice house must be at least three or four hundred yuan per square meter!"

"Hey! Take the situation in our Dongtou Village for example.

Forget about such a nice house! "

Every day, the villagers of Tung Tau Village would look out at the magical construction site when they woke up and before they went to bed. Many people in Kowloon Walled City, not far away, also paid attention to this place.

Seeing the ten buildings rising up little by little, they felt it was beautiful even if they couldn't afford to buy them, because that was their dream and goal.

With the rapid increase in Hong Kong's population, housing has become the most urgent need, and the outbreak of the 50-year Korean War has become the dividing line.

Fifty years ago, many real estate companies wanted to launch residential building projects, but after 50 years, no company dared to propose such projects.

Therefore, the sudden emergence of Su's Real Estate became an outlier at the beginning of May 1st. Many people were paying attention to the actions of Su's Real Estate, and unconsciously made Su's Real Estate a weather vane of Hong Kong real estate.

The quiet Hong Kong was suddenly shocked by a piece of news, because the new residential community "Rujia Garden" developed by Su's Real Estate started selling it before it was completed. The price was only HK$298 per square meter, which means only HK$ per foot.

As soon as the news of the sale broke, the temporary sales office of "Rujia Garden" was completely overwhelmed by eager Hong Kong residents. Each floor contained 11 apartments of varying sizes, and with 10 floors, there were 110 apartments in the building. Ten residential buildings totaled 1100 apartments, and they were all sold out in three days.

Seeing such an exciting result, Suning was also shocked. It was originally planning to advertise in the newspaper, but it seems that there is no need for that.

Susan kissed Suning on the face excitedly and said excitedly, "Suning, you are so amazing!
how did you do it? "

Michelle, who was standing by, saw his wife Susan and Suning being so close, but he still didn't seem to care and just shouted excitedly.

This is a little hard for Suning to accept. Do foreigners have too long a reaction time, or are they really so open-minded? Don’t they mind at all?
"Yeah! Suning, how did you do that?"

“Michelle, Susan, this question is not important!
It seems that Hong Kong people really need to solve their housing problem!
We need to take more land as soon as possible.

Land reserves are the foundation of our company!"

"Yeah! Suning, you make sense!
"Let's take advantage of the current turbulent situation and acquire more land reserves." Michelle agreed with Suning.

Seeing that Su Real Estate’s first project was a huge success, many Hong Kong real estate companies were extremely jealous. However, seeing the changing situation on the battlefield on the peninsula, they did not dare to take risks easily.

In the eyes of these old real estate companies, Su Real Estate is like a newborn calf that is not afraid of a tiger, but they are completely different and have to consider too many factors.

Seeing this strange situation, it was exactly what Suning wanted, so he took the opportunity to buy a lot of land.

Although these plots of land are not popular, Suning, who comes from the future, is still very satisfied. After all, this is Hong Kong where every inch of land is valuable. He did not expect that he could break into the Hong Kong real estate industry so easily.

In this way, with the rapid return of funds, Su Real Estate, with the secret help of Michelle and the panic of the British Hong Kong government, quickly acquired land and continued to borrow from HSBC.

In this way, Su Real Estate fell into a cycle of acquiring land, then taking out loans, then acquiring land again, and then taking out loans again.

Of course, the British Hong Kong government was not a fool. It did not release any truly valuable land, and those old foreign companies had no intention of selling important properties.

In their eyes, what Su Real Estate is eating up now are just some leftovers that they look down upon.

However, the gold nuggets in their eyes are not Suning's target, because Suning's greatest strength is self-knowledge and it only wants to develop and accumulate bit by bit.

The reason why Suning is frantically acquiring land now is because this opportunity is rare. Once the war situation on the peninsula stabilizes and it is seen that the mainland has no intention of sending troops to Hong Kong, Hong Kong's real estate industry will definitely explode.

In order to ensure the healthy development of its Su Real Estate, after "Home Inn Garden" was sold out, Suning, against all odds, launched three new projects again.

It is said that he went against all objections, but in fact it is more accurate to say that Suning made the final decision, because Michelle and his friends had been hiding in the dark, and Susan, who was in the open, obeyed Suning's orders.

Ever since the first project of Su's Real Estate, "Home Inn Garden", was quickly sold out, Susan began to blindly worship Suning.

So when Suning proposed to launch a new project, Susan had no intention of objecting. When Michelle became hesitant, Susan began to speak up for Suning.

In fact, many Hong Kong citizens who bought "Rujia Garden" houses regretted it after their impulse. After all, the "Rujia Garden" houses have not been completed yet, and they are also worried that the project will be left unfinished and go bankrupt.

But when the houses were delivered at the end of July 51, they all began to rejoice, especially when Suning invited the Hong Kong media to follow up on the information of the delivery of "Home Inn Garden", which completely ignited the enthusiasm for buying houses in Hong Kong.

The result was that the three new projects of Su Real Estate were once again sold out by Hong Kong residents as soon as they went on sale.

The reason why "Home Garden" was built so quickly is because Hong Kong does not have a real winter and there is no so-called permafrost.

In addition to working overtime day and night, the ten-month construction period was compressed to six or seven months, also to build confidence in Su Real Estate among Hong Kong residents.

Now not only Suning is making money, Susan and Michelle are also waking up with smiles in their sleep, and even Michelle's friends in HSBC's loan department have been promoted and given salary increases.

(End of this chapter)