Chapter 370 Real Estate Business Distribution
"You mean, in the real estate field, cooperate with Changxing Real Estate?" Li Jiacheng asked.
I wanted to enter the real estate industry, so I naturally told Zhuang Yueming. Both of them were optimistic about real estate, which made them decide.
Zhuang Yueming nodded and said: "Yes, since we have decided to engage in real estate in the future, there is no need to think too much about the Yangtze River Industrial factory. As long as we can maintain the current scale of the enterprise, even Even if you can't keep it, as long as it doesn't happen A one-time large-scale layoff will only affect the company's reputation."
"Yes." Li Jiacheng also agreed deeply, saying: "But Yangtze River Industry is also an industry we started. Unless we have to, I still want to continue as normal. ”
"I understand, it is said that Yang Wendong's company is still mass-producing sticky mouse boards. With his current worth, I guess he has the same idea as you." Zhuang Yueming smiled and said: "But our most important thing is , we still have to seize the opportunities in the future. As long as the new business can make money, it will be easy to maintain an unprofitable factory. "
"Yes, but how to cooperate in real estate? Li Jiacheng asked: "Changxing Real Estate Company is basically independent in Hong Kong. It is different from other real estate companies. It generally rarely cooperates with other real estate companies."
Since you want to enter the real estate industry, Li Jiacheng has naturally done in-depth research on the real estate market. Most real estate companies like to cooperate with other peers in order to reduce risks and make it easier to obtain loans from banks.
However, Changxing Real Estate rarely participates in joint venture development, probably because it has huge funds and bank credit lines backed by Changxing Group.
Zhuang Yueming replied: "This is indeed not easy, but I have also studied the investment situation of Changxing Real Estate and found that they never invest in ordinary residential buildings."
"Ordinary residences?" Li Jiacheng thought for a moment and said, "Changxing Real Estate has a high-end residential business. Could it be that they look down on this?"
Zhuang Yueming explained: "It is also possible. It’s just that although high-end residential properties are highly profitable, now Hong Kong buyers The largest number of residences are ordinary people. This market is far larger than luxury homes. There is no reason for Changxing Real Estate not to participate.
I think it may be because ordinary residences have many disputes and are prone to conflicts, so they don't do it. ”
"Or maybe it's because Changxing Real Estate's funds are also limited." Li Jiacheng analyzed: "Changxing Group is indeed large in scale, but it cannot be all dedicated to the real estate business, so the real estate business cannot participate in everything."
Zhuang Yue Mingxiao Said: "In fact, no matter what the reason is, but they did not participate, that is our opportunity. When we enter the real estate market, what we can do at the beginning is ordinary residential or industrial office buildings. We cannot do high-end business."< br>
"It makes sense." Li Jiacheng nodded and said, "Then I will do some more market research. If the operability is OK, then we can build ordinary residential buildings, then bring in Changxing Real Estate and give them dividends."
Zhuang Yueming added: "Yes, in this way, it will be much more convenient for us to get bank loans."
Banks will definitely feel more at ease with projects developed in cooperation with large consortiums, because large consortiums generally We will not break the contract casually. Even if this project loses money, we will pay back the money.
"Yes." Li Jiacheng added: "It's just that Yang Wendong is no longer optimistic about the Hong Kong real estate market. It is estimated that in a short time, It’s a bit difficult to cooperate like this.”
Zhuang Yueming said with a smile: “This should have no impact. You just need to submit a plan. Even if the real estate market drops, it will return to normal.”< br>
"Yeah." Li Jiacheng nodded.
Looking at Hong Kong's real estate market in the past, except for the war factor, it was a bull market for six to seven years and a bear market for one or two years. In the long run, it has been rising.
A few days later, Zheng Zhijie knocked on the door of Yang Wendong’s office.
"Come in." Yang Wendong was reading an overseas English newspaper. When he saw the person coming, he put it down.
Zheng Zhijie stepped forward and said, "Yang Sheng, this is a cooperation proposal given to me by Li Jiacheng. Please take a look."
"Oh, let me take a look." Yang Wendong took it and then looked at it seriously. After a while, he said with a smile: "His suggestion is almost the same as Sun Hung Kai."
Zheng Zhijie nodded and said: " Yes, they have also discovered that our Changxing Real Estate generally does not follow The area that is rarely involved in cooperation with external funds is ordinary housing.”
“They are responsible for developing ordinary housing, and then we invest part of it without participating in management. We will pay dividends directly after success. It sounds very attractive. "Power." Yang Wendong also said with a smile.
He may not necessarily feel safe if he cooperates with others on this kind of project, but the historical results of Sun Hung Kai and Cheung Kong Holdings are the best proof of their strength.
As for ordinary residential buildings, it is actually a very large market. In the past, many real estate giants in the mainland relied on this to achieve scale. However, it is very difficult to do this well because, like supermarkets, it seems Anyone can do it without any difficulty, but to be cutting-edge requires unparalleled absolute strength.
Moreover, this kind of ordinary residence is most prone to social conflicts and complicated things.
This is also the reason why he did not participate in ordinary housing in the early days. Now this cooperation is good. Using their capabilities and investing funds yourself can guarantee a stable return.
Zheng Zhijie smiled and said: "Yes, and we are also their shareholders. Cooperating with them will not only pay off on the project, but also on the company's investment."
"That's OK. " Yang Wendong nodded and said: "Then let's discuss the investment funds with them. As for the cooperation on this housing or other projects, we can verbally promise them that we will strengthen cooperation in the future, but don't write it down in writing."
In the future. Many "cooperations" that cannot be clearly defined are naturally impossible to be confirmed on paper now.
"Okay." After Zheng Zhijie agreed, he asked: "In terms of shares, do you need more shares?"
"No, sometimes too much is not good. If they develop well in the future , look for another opportunity." Yang Wendong shook his head and said: "20% is enough for the time being."
When investing in new enterprises, you must master the step-by-step approach and do not invest too much at one time, otherwise it may have counter-effects. If you have the ability, you may establish other companies or find ways to hollow out joint ventures.
This is also human nature. If he himself was in such a situation, he might do the same. Many angel rounds of Internet investments in previous lives also had this purpose.
First invest a small amount of capital to obtain a small amount of shares, so that the founders can make the company's business bigger and stronger with peace of mind, and then when the cost of spinning off the business becomes higher and higher, investors will invest more and put it in The same is true for traditional industries.
These companies will all go public in the future, and there are plenty of opportunities.
“Okay, then I will reach a mutually satisfactory valuation with them as soon as possible.” Zheng Zhijie said.
In the next month, nothing major happened to Yang Wendong.
On the personal side, he often invites Bai Yujie to the hotel to discuss the scenery outside the window. On the official side, he has been focusing on investing in Sun Hung Kai and Cheung Kong Holdings. In the current real estate market, Yang Wendong is not prepared to invest too much. Well, it would be most appropriate to invest in some shares of future real estate giants. However, there are only these two companies at present, because these two are the future real estate giants. The only two companies were very small in the early 1960s, but began to rise in the 1970s. The core factor is that these two companies have seized the opportunity for several years. During the real estate crisis that followed, he was brave enough to hoard land desperately, and finally overtook the company after 1968.
As for others, there may be some that can be bought at the bottom, but the specific situation is unclear, and these companies are not small now and are at their peak stock prices. Yang Wendong will naturally not invest. Even if he wants to invest, he will have to wait until the real estate crisis. These real estate companies Let’s talk about business damage.
On December 6, Zheng Zhijie finally reached an agreement with Sun Hung Kai and Cheung Kong Holdings, investing HK$2.3 million and HK$3.7 million respectively, acquiring 20% of the shares of each of the two companies. At the same time, he will gradually carry out various Cooperation and so on.
In a good mood, Yang Wendong made an appointment with Bai Yujie again. After some hard work, he felt refreshed.
When the two came to the living room to have some snacks, Bai Yujie asked: "I see you are very happy today. What's going on?"
Yang Wendong said with a smile: "I invested in two potential companies. A great real estate company, so I’m in a good mood.”
"Real estate company? Don't you have one? Why do you still want to invest?" Bai Yujie asked in confusion.
Yang Wendong replied: "I have a real estate company, but the Hong Kong market is so big, I can't take it all, right? Since there will be other peers in places that I can't take, then I can naturally choose Invest part of it, invest in it, and let them operate in places where I am not involved. Wouldn’t it be better for me to get a piece of the pie?” Not allowed either.
And if your company becomes a super giant in the real estate market, the contradictions of high housing prices will all focus on you. In this way, the gain outweighs the loss. It is better to stand behind it. As long as you control it well, you will definitely win. You can earn more than the four major families standing at the front desk.
"Oh, that's right." Bai Yujie nodded and asked: "Then where will you invest in the future? I also have some spare money on hand, and I also want to invest it myself."
"Do you want to invest and become a rent collector?" Yang Wendong asked with a smile.
"Yes, we women must have our own income." Bai Yujie replied.
"Then don't invest now, wait." Yang Wendong nodded, and said: "As for my future investments, they will mainly be large office buildings, hotels, shopping malls, street shops, and residential properties. Choose only high-end homes or homes with very large areas. ”
If you don’t have much money, you might also invest in housing, which can make money; but now that you have made a lot of profits through other industries, the best real estate investment object is to buy a house, especially They are from Central, Admiralty, Causeway Bay, Tsim Sha Tsui and other places.
In terms of residential properties, a few high-quality or very large areas can be developed by ourselves, and other scattered ones can be handed over to companies invested by ourselves in the future.
"Forget it, I'd better consider a shop on the street." Bai Yujie said sadly: "But it doesn't seem to be enough."
"Haha, I can buy a small one. I have a suitable location." Yang Wendong She smiled and asked, "How much money do you have on hand?"
"80,000." Bai Yujie did not keep it secret.
“Not bad, there are so many.” Yang Wendong was a little surprised. This can be enough to buy a house in Central.
Bai Yujie said: "I rely on the pocket money I have saved since I was a child, as well as the income from participating in sports events. Otherwise, although the salary of a university teacher is not low, it is not so much."
"Your parents are really willing to give you two pocket money." Yang Wendong smiled.
"Of course, your daughter must be rich, otherwise she will be easily deceived." Bai Yujie glanced at Yang Wendong again and said, "But I was still deceived by you."
Yang Wendong did not directly Answer: "I agree with this. Daughters do need to be well-educated."
Bai Yujie asked again: "Then where is the suitable position you mentioned?"
Yang Wendong smiled and said: "The Hong Kong Museum, Do you know? I also invested in it. Before this project was established, Changxing Real Estate bought a piece of land nearby and built a house. There are many street shops below. The area is not large. The main product is snacks. The unit price is expensive, but the The price is not super expensive, and your money is enough for a mortgage.”
"Museum? It's really good. There must be many people going there." Bai Yujie nodded.
Yang Wendong smiled and said: "In this way, I will ask someone to prepare the information. You can take a look and give you the best position with a 20% discount."
In fact, it is also a gift to her. It doesn't matter, it's just that Bai Yujie's character is definitely not willing to take it.
"Twenty percent off? Can you still make money?" Bai Yujie asked.
"Of course, you underestimate real estate profits." Yang Wendong smiled.
When the real estate market is on the rise, coupled with leverage, the profits are unimaginably high.
"Oh." Bai Yujie nodded.
On December 10, the Hong Kong Museum officially opened.
Similar to the opening of shopping malls, museums, as business institutions that attract tourists and local people, will naturally hold the opening ceremony with great fanfare.
Several large dragon dance teams danced in the square in front of the museum. Many media and newspapers, including Lai TV, also sent people to interview. Hong Kong now has its own large museum. It can be said that This is a milestone event in the history of Hong Kong, and no media will let it go.
As for important customers, not many business people came this time, mainly because the museum has no business relationship with them, and they would not come. As for the political circles, there were more people coming.
Yang Wendong also arrived at the main entrance of the museum very early, waiting for the distinguished guests. At around 8:30, many cars passed in front of the main entrance, and many ghost guys got out of the cars.
Yang Wendong immediately stepped forward to greet him and said: "Mr. Governor of Hong Kong and Mr. Dai Linzhi, welcome both of you to visit the Hong Kong Museum."
PS: Please give me a monthly pass
(End of chapter)