The birth of the Hong Kong Island family

On February 12, the third day of the Lunar New Year, it is appropriate to break ground.

In Yau Ma Tei, Kowloon, the groundbreaking ceremony was held on the site of the "Old Gas Factory" in Ferry Street.

The land covers an area of ​​33,000 square feet, and a total of 20 five-story tenement buildings (originally planned to be 22 floors, each floor is smaller) will be built, with a floor area of ​​1,000 to 1,080 square feet on each floor; Telford Garden' is another private housing estate, although it only has 100 floors.

Lin Zhichao knew that the only customers who bought buildings during this period were wealthy businessmen; after all, more than HK$30,000 per floor was not something ordinary people could afford.

Therefore, Changjiang Real Estate must fully consider the needs of the customer base - security, privacy, plus public gardens, gazebos, recreational facilities, etc., it can be said that it has fully grasped the psychology of customers.

"Lin Sheng, congratulations, it's another private housing project!"

Friends who came to join us congratulated Lin Zhichao one after another. Many of them are from the Hong Kong Shunde Chamber of Commerce and Shunde Friendship Association. Because Lin Zhichao was admitted as a member very early and made donations, he knows many businessmen from Shunde.

These businessmen may not be well-known in later generations, but they were also prominent figures in Hong Kong at this time, such as He Xiangmian, the owner of the Chun Cheong Dyeing Factory. Lin Zhichao also knew some Shunde big guys, such as Jian Dongpu, He Tian, ​​etc., but he did not initiate the invitation. After all, he had already invited them once or twice.

“Thank you all for coming and congratulations, it’s a great honor.”

Immediately, Lin Zhichao chatted with everyone.

He Xiangmian sighed: "Now Lin Sheng is a 'Biaoqing' businessman in Shunde. I can see that your business is advancing by leaps and bounds. I heard that you opened a zipper factory, and the business is booming. The zippers in Southeast Asia, RB, and Hong Kong , all purchased from you."

Everyone inquired about the details of Yangtze River Industries.

Lin Zhichao quickly said: "Brother He, you have won the prize. My zipper factory only occupies a small part of RB's market. It is true to make money, but now Cheung Kong owes the Bank of East Asia a full 900,000 Hong Kong dollars. Debt scares people awake.”

"Haha, you, Lin Zhichao, are so good that you are cheap. Why is Mr. Jian willing to lend you a loan? It's because he sees the potential of your zipper factory. Paying off the debt is no small matter to you." He Xiangmian had an expression that I knew you made a lot of money.

Everyone nodded. Lin Zhichao had become an "outstanding figure" among Shunde businessmen, and his influence began to expand.

The problem now is that Shunde businessmen have three associations in Hong Kong—the Chamber of Commerce, the Association, and the Mianyuan Hall, and there is no strong figure, so it is scattered.

Of course, Lin Zhichao would not take the risk, although he may have the strength to integrate in the future; but he feels that being the president of a certain chamber of commerce will inevitably consume a lot of energy, which will affect people's safety.

As he aspires to become a world-class businessman, he will naturally not spend too much energy on these things. He can join many chambers of commerce and charitable organizations, but he will not spend too much energy on these.

"Jian Lao is a banker. I pledged all my wealth to him, so I can lend money." Lin Zhichao continued modestly.

You can let others know what kind of property you have, and you can also let others know that you are making money, but you cannot let others know that you are making a lot of money.

"Haha, you are so aggressive in borrowing money, why not just open your own bank!" someone suggested.

Lin Zhichao said matter-of-factly: "This is a good suggestion! But if it happens, you guys have to support it!"

Everyone mentally blamed the person who just made the suggestion, but they still said kind words.

Lin Zhichao does not doubt everyone's 'sincerity'. If he opens a bank, these Shunde businessmen will definitely take care of them and deposit some funds in his bank.

However, this is because they are fellow Shunde people, so they will only deposit a small part of their funds in his bank. Everyone is more willing to trust big banks such as HSBC, Standard Chartered Bank, and Merrill Bank.

Lin Zhichao can actually replicate Liao Baoshan's success by borrowing money from fellow villagers and small and medium-sized depositors to speculate in gold and develop real estate; as long as the funds are withdrawn at the right time.

In this way, his development speed will be greatly accelerated.

However, Lin Zhichao did not want to do this. He also wanted to recruit HSBC as his backer, so he would not establish a bank. At least he will not enter the banking field until he cannot get rid of HSBC or British capital (before 1980).

After being polite to everyone.

Tang Bingyuan also came with Wen Jinmei to support him, and Lin Zhichao's future father-in-law Tang Zhongyuan also came with his future mother-in-law Song Qiaoling.

Lin Zhichao took the initiative to greet him again!

Tang Bingyuan sighed: "We all still rent houses, but we didn't expect that Zhichao has already built hundreds of buildings, which is embarrassing!"

In fact, it's not that Tang Bingyuan can't afford a house, but that he wants to live in a luxury house in the mid-levels.

But it is impossible for owners in Mid-Levels to sell their properties, at least not in the next few years, because they can charge high rents and top fees.

Lin Zhichao said modestly: "I build other people's houses, and the ones I live in are also rented."

"Ha ha"

After chatting for a while, the groundbreaking ceremony was officially held.

After the ceremony, everyone left one after another.

Lin Zhichao found two judges——Huang Shun and Sun Jian, and said: "Uncle Huang and Uncle Jian, the construction site has been handed over to you, and you have to watch it for me. This is not a matter of a few years in real estate, but a few years. For ten years, reputation is very important. Once it is smashed, it will be difficult to pick it up."

The two contractors are each responsible for the construction of 10 tenement buildings; of course, they are actually subcontractors now, while the engineering department of Changjiang Real Estate is the general contractor.

Huang Shun and Sun Jian immediately became serious. They understood that what Lin Zhichao meant was that Changjiang Real Estate would become a famous brand in the real estate industry in Hong Kong. Architecture has a bad reputation.

There is no need to question the influence of Yangtze River Real Estate, and Lin Zhichao is a rising industry leader, so the two of them nodded seriously.

Huang Shun said: "Boss Lin, don't worry, I have been doing construction for so many years and I will never do anything unconscionable."

Sun Jian also said: "Boss Lin, I am also a veteran in this industry. I will definitely not do anything to destroy the sign."

Lin Zhichao immediately smiled and said: "Haha, Uncle Huang and Uncle Jian, I must trust you, otherwise I wouldn't have cooperated so many times."

The two old men in their fifties were stunned by Lin Zhichao, and they also sighed at Lin Zhichao's old-school behavior.

Cheung Kong Properties has opened another 20-building site, which is quite shocking news in the Hong Kong real estate industry. At a time when almost most home buyers were "fried four hot meats", Changjiang Real Estate has started two large projects of "more than 20 buildings" in a row, and even sold one of the large sites.

Everyone is thinking about a question, is this model really profitable?

If it makes money, then why does Zhang Jun, the boss of Huixin Real Estate, go around raising money to start construction?

Everyone finally understood that "selling off-the-plan property" also requires skills. There is no doubt that Lin Zhichao is the person with the skills, and Zhang Jun is the person without the skills.

But now Lin Zhichao's skills have been learned by everyone, so everyone has become a capable person.

However, the price of land and old buildings has risen too high, and profits have become thinner. Considering the risk of the market, almost all home buyers still choose to "fry the four hot meats".

Everyone would rather build a small site, and also carry out "stratified sales" and "off-the-plan sales". After they are sold out, they will start buying land and old buildings and continue to work on projects.

As a result, it is still much more flexible than before. Many new buildings have begun to be added in Xiangjiang, and the real estate industry can be regarded as "thriving".

However, real estate is still not a hot spot for making money.

Zhang Jun from Huixin Real Estate also felt bitter when he heard that Yangtze River Real Estate was opening another 100-story building.

To be honest, this time he opened a 15-building real estate project, but he himself did not have enough funds. Not only did he invite people to cooperate, he also planned to use "sales of off-the-plan properties" to quickly collect funds.

Fortunately, now, 15 floors of the 75-story building have finally been sold, and there are still 60 floors waiting to be sold.

Zhang Jun can only raise and borrow funds while trying to sell off-plan properties. For now, he has overcome the tight financial situation.

"I still have to hurry up and sell it in the first half of the year. If I sell it in the second half of the year, I will definitely collide with Telford Garden. With Lin Zhichao's methods, I can't beat him at all." Zhang Jun muttered to himself.

He was frightened by Lin Zhichao. Between Christmas and New Year's Day last year, he was almost beaten to death, so now he has a 'linophobia'.

As everyone knows, Hong Kong’s purchasing power will be strong in the second half of the year, and prices may be higher.

Of course, these are no longer Zhang Jun's business. He only wants to sell the remaining 60 floors in the first half of the year. Although he can earn less than 700,000 yuan, he can still earn more than 600,000 yuan. The reason why I earned less was because I took out a high-interest loan.