Chapter 44 "44" Speculation on Pre-sale Properties
In the early 1990s, Hong Kong's economy was in a period of transition.
The service and financial industries have become the mainstays.
Manufacturing and traditional retail are declining.
Therefore, it is obviously quite irrational to engage in any real industry.
Even some industries have already become red oceans, and jumping in again is obviously a dead end.
However, housing prices have been rising year by year, and bubbles only appeared in the middle and late stages.
So the business that Lin Yao was talking about was related to real estate.
Jimmie rolled his eyes and said, "What are you thinking? With the little money we have, it wouldn't even make a splash!"
"I didn't say I was going to speculate in real estate. I still have some ideas." Lin Yao waved his hand and said.
With the limited capital that Lin Yao and Jimmie have, it would be wishful thinking for them to speculate in real estate.
Not even qualified to sit at the children's table.
Jimmy asked, "So what are you going to do?"
Lin Yao smiled slightly: "I'm not qualified to speculate in real estate, but I definitely have no problem speculating in pre-sale properties."
"Speculating on pre-sale properties?" Jimmie was stunned for a moment, then looked at Lin Yao in surprise: "You can actually speculate on this thing?"
Lin Yao smiled and said, "Of course. I don't know if you've noticed, but as housing prices rise, more and more people are buying pre-sale properties through installment plans, and they're all rushing to buy. They're afraid that tomorrow, the housing prices will double again."
"Now at the real estate company, if you want to buy a property, you have to queue up and get a number!"
Jimmy immediately understood what Lin Yao was doing: "You mean, let us wait in line, grab the qualification first, and then sell it to those in need?"
"That's right, that's it. By the way, we can earn some agency fees!" Lin Yao said with a smirk.
Jimmy quickly thought of another question: "But what if someone tries to snatch it from us?"
Lin Yao looked at Jimmy with disdain and said, "Who are we? Gangsters! If they try to rob us, you won't be able to deal with them! Do you think those scalpers are a match for the gangsters from Liansheng?"
Jimmy suddenly understood: "I understand what you mean!"
Lin Yao smiled and said, "I'll set up a real estate company and then package it as an agency! Then no matter who comes, they won't be able to do anything to us!"
"Great, you really have a lot of clever ideas!" Jimmy said with a smile.
Lin Yao continued, "Once we've made enough money, we might as well start speculating in real estate!"
"But this plan requires a lot of manpower, right?" Jimmy asked. "I don't have many people under me! Without affecting the society's business, there are only a few dozen people at most!"
Lin Yao smoked a cigarette and said calmly, "If it's not enough, go borrow it. Guanzai Senna is an idiot who only knows how to take drugs and gamble all day. If you give him a little benefit, he will definitely lend it to you!"
Jimmie thought about it and felt that there was some truth to it. He looked at Lin Yao curiously and said, "If you come out and wave the flag now, I guess there will be a lot of minions who want to join your team!"
Lin Yao sneered and said, "My name is Red Stick, it's just a title. I don't have any territory, so why would I hire so many people to help me make a living? My magazine doesn't need so many reporters!"
Jimmy laughed dumbly: "That's right!"
"Alright, I'll have someone register a real estate agency, and you can go find someone over there!" Lin Yao waved his hand and said, "I have to go back to the magazine to check on the situation!"
After separating from Jimmy and Long Gen, Lin Yao went straight back to his magazine.
"Boss, you're finally back!" Yang Siwen breathed a sigh of relief when he saw Lin Yao coming back. "There are so many things I don't dare to make decisions on my own!"
Lin Yao asked directly, "Have the first batch of 60,000 copies been sold? How are the results?"
Yang Siwen smiled and said, "Boss, as the editor-in-chief, the content you create will definitely be a huge hit! We even received quite a few letters and phone calls urging for updates."
Lin Yao said with amusement, "Are you all here to send razor blades?"
However, the magazine's success was definitely a good thing for Lin Yao. After three consecutive issues, he would consider expanding the business. His new employee's injury should be almost healed, so he should have enough staff by then.
As for the magazine, Lin Yao has authorized Yang Siwen to add more editors and staff.
If you offer a high enough salary, there will definitely be people who will take the risk and apply for the job.
I have been busy with work recently and have neglected Le Huizhen.
So after finishing the work at hand, Lin Yao went to ATV.
Unfortunately, Le Huizhen was not at the TV station, but was on location shooting.
And it seems that he is tracking a very popular star recently, Long Wei.
"Damn, the doctor is coming out soon?" Lin Yao was a little surprised. He had to find an opportunity to ask Le Huizhen about the situation.
However, Le Huizhen was not at ATV, so Lin Yao simply took Xiao Fu to continue strolling around to see if he could find material for the next issue of the magazine.
I was busy until the evening, but there was no reliable news and the system did not refresh any new information.
However, Lin Yao received a call from Le Huizhen, so after asking Xiaofu, the light bulb, to get out, he happily went to pick up Le Huizhen for dinner.
In the restaurant, Lin Yao deliberately asked about Le Huizhen's tracking of Long Wei.
Le Huizhen seemed a little distressed: "Long Wei is a big star. It's not easy to catch him inside. There are many people around him, and he is rarely alone!"
Lin Yao smiled and said, "Then take your time, come on! If not, go catch up on other news first!"
Le Huizhen said helplessly: "This is the only way!"
Lin Yao asked again, "Is there any jewelry exhibition going on recently? For example, jewelry from the Russian royal family?"
"No, why are you asking?" Le Huizhen was a little surprised: "When did you become so interested in jewelry?"
Lin Yao heaved a sigh of relief immediately. It seemed that the story of the cowardly dragon had not yet begun.
So he smiled and said, "Nothing, just asking casually, I'm just a little curious!"
Le Huizhen rolled her eyes and said, "I thought you had a surprise for me!"
"You don't acknowledge our relationship, so what identity should I give it to you?" Lin Yao said deliberately.
"Hmph! Who cares!" Le Huizhen said angrily.
However, after the two of them finished their meal, Lin Yao still bought a silver handicraft bracelet as a gift for Le Huizhen.
I didn't expect Le Huizhen to be so easy to coax. She was coaxed with just a silver bracelet.
And maybe it was because they hadn't seen each other for a long time, but Le Huizhen was also very interested in Lin Yao. That night, Lin Yao's kidneys suffered a lot.
The next day, after Lin Yao woke up, he contacted his lawyer Su and asked him to help him with the real estate agency business.
Master Su was also quite interested in Lin Yao's business: "Yao...Brother Yao, what good business have you got recently?"
"Are you interested in speculating on pre-sale properties?" Lin Yao asked with a smile.
Master Su also became interested: "How do you fry it?"
Lin Yao would definitely not tell him about this kind of thing in detail, otherwise what if someone followed suit?
I have a good relationship with Master Su, and I don't plan to take him on all the business.
Moreover, this guy charges for doing things for him every time. He made a fortune the last time I helped him with the magazine.
Master Su was still quite cautious. Seeing that Lin Yao didn't say anything, he didn't ask any further questions. He just quickly helped Lin Yao complete the formalities.
Then the license of a real estate agency called Guangyao came into Lin Yao's hands.
(End of this chapter)
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