Chapter 390 Initial Preparations for the Real Estate Crisis
“Changxing Shipping’s ships are all large and cannot be used for transportation.” Yang Wendong thought for a while and said: “Then they can only buy another small one. Transport ships, because large ships cannot dock at small ports.”
Even second-hand ships cannot do this. They are too big, and transporting a little oil is a waste in itself, especially in ports. problem solved.
My future plastic smelting factory cannot be located next to the existing port, so I will have to operate this kind of infrastructure myself.
Wei Zetao nodded and said: "Yes, there are small oil tankers for offshore transportation in Japan. The price is not expensive, only a few hundred thousand US dollars. But here in Hong Kong, near the future factory, too The cost of building a small port to facilitate the transportation of naphtha or plastics that will be refined in the future will probably add up to one million US dollars.”
"Yes, but there is nothing we can do about it. Hong Kong is not like Wanwan. Without this industry, we would not have this infrastructure. We have to invest in many things ourselves." Yang Wendong nodded and said, "However, if you don't try it, you will never know. It can’t be done, so you still have to invest what you need.”
Nowadays, plastic has become the core component of Changxing Industrial, and it is almost one of them. In the future, Hong Kong will also need a lot of plastic to enter the home appliance industry. The same goes for future economic development.
So even though I have invested in Formosa Plastics, it does not prevent me from trying the water myself. After all, it is unlikely that I will get the controlling stake of the other party. When Formosa Plastics really becomes the top in Asia, it may not be possible. It will be controlled by yourself, and you must have second-hand preparations.
If Hong Kong doesn't work, then go to Singapore to invest in the oil derivatives industry. This country has achieved success in this area in its previous life, so at least it will work.
"Okay, then I'm going to choose a place. When the specific data comes out, I will report to you." Wei Zetao said happily.
Even if a million-dollar project is to be launched, the big boss Yang Wendong must agree to it.
Yang Wendong added: "When choosing a place, you must take into account future expansion needs, so don't refer to other factories and try to hoard land;
It can be placed in a relatively remote place, the industry itself It is also polluted and cannot harm the Zhou Dynasty. "
It is important to hoard land to make money, but for a very small number of polluting factories, there is no need to mix this purpose. Regardless of whether it will be controversial, even if the land is hoarded, it will be done later. Relocation and redevelopment will also require heavy investment to clean up land pollution.
Although it will definitely be profitable, it is too much trouble. If you have this energy, wouldn’t it be more convenient to just buy a piece of urban land the year after tomorrow? Or build more breeding farms, with low investment and greater profits.
Of course, if his petroleum derivatives industry reaches a large scale and an economic zone is formed around it driven by the market, then relocating in the future will inevitably leave land valuable for development. Then there is no way, and it is beyond his control. Rather than deliberately hindering the self-formation of wealth.
Wei Zetao thought for a while and said: "It would be better to put it on Qingyi Island, where Mobil's oil depot has also been moved. Here, I heard that the Hong Kong government also intends to move the power plant of CLP Power there;
I estimate that the Hong Kong government intends to build it into a heavy industrial area in Hong Kong, so that some necessary heavy industries can be developed, and some Separating these industries from residential areas can also promote the local economy. "Qingyi Island?" Yang Wendong thought for a while and nodded.
Tsing Yi Island in the previous life was indeed one of the heavy industry bases, but this heavy industry was compared to other places in Hong Kong. Compared to other countries, it was child's play.
But this is normal. Heavy industry requires government promotion to be successful. In the past, the development of heavy industry in Mainland China, Japan, South Korea, Singapore, etc. was promoted by state-owned capital or the participation of large consortiums encouraged by the state;
Hong Kong has always implemented the principle of "free market". Unless it is a must-have industry such as power generation and oil for people's livelihood, the Hong Kong government will not promote other heavy industries.
At this point, Hong Kong is indeed at a huge disadvantage compared to the other four little tigers. In the future, when industrial upgrading is needed, if there is no foundation for heavy industry, then light industry will be just a castle in the air. Once labor costs or land are used, If costs increase, it will inevitably die. Even if there is no domestic reform, Hong Kong's future industrial outcome may be the same.
"Okay, then I will investigate this information." Wei Zetao said happily.
After Wei Zetao left, Yang Wendong looked at Zheng Zhijie and asked: "How many residential communities or commercial buildings are there to be developed recently? How many projects are there?"
Zheng Zhijie replied: "There are still 7 in total, including 5 residential buildings and 2 small commercial buildings. It is estimated that they will be sold off-plan in the second half of the year."
"Okay, starting from today, all project acquisitions will be stopped. Land and the entire Changxing Real Estate have stopped new projects," Yang Wendong said.
Hong Kong’s laws regarding pre-sale properties are not like those in the Mainland in the future. You can’t pre-sell them after you get the land and before the foundation is laid, but only within 8 months before completion. , in this way, at least the person buying the house can see the floor, and since time is running out, the risk of unfinished business is very low.
It can be said that this is a compromise plan that facilitates real estate companies to recover funds in advance, ensures the interests of home buyers, and manages risks from the entire social level; if this was the case in mainland China in the past life, then Evergrande’s 2 trillion Debts may not be so much. So many people will not buy unfinished buildings and ruin their lives
Therefore, knowing that there will be problems in the real estate market at the beginning of 1965, then at the beginning of this year, You need to stop all actions, and there is no need to make the last penny. If the real estate crisis is brought forward due to your own reasons, you will suffer huge losses. Of course, it may be delayed, and you can't say this.
"Okay, I understand." Zheng Zhijie agreed quickly. Everyone knew that his boss was not optimistic about Hong Kong real estate, and no one would doubt Yang Wendong's judgment.
Yang Wendong added: "Except for Carrefour, you also need to be cautious. Unless it is a high-quality location, don't make a move. If you really like it, give me a look in advance."
We can only find a balance in this matter. Although Carrefour's expansion is important, it will not be short of half a year and a year, and if there is really a good position, he will agree to it.
"No problem." Zheng Zhijie paused and then asked: "Shall we start cashing out the properties in our hands now?"
This is necessary because Changxing Real Estate A large number of properties and land in hand were purchased with early loans. This is how the real estate industry operates. If you really rely on your own funds to buy a house, you will lose money.
Once you know that real estate prices are about to fall, you must take advantage of the high price to sell off part of it. On the one hand, you can get a lot of cash to wait for bargain hunting later, and on the other hand, you can reduce your liabilities.
Because once real estate prices fall, the once high prices will After the value of collateral drops, in order to control risks, banks will require companies to repay or increase collateral. This is also the biggest reason why many real estate companies collapse during the crisis. "There is no need to rush this." Yang Wendong thought for a while and said: "In this way, in addition to Central, some larger properties or properties with higher value in other places can be released first to attract some buyers. If they are willing to buy, then Can be negotiated
Other ordinary ones. There are a lot of properties, but they are easy to cash out, so just wait until the second half of this year to start selling them in bulk.”
For higher-value properties, it will take some time to sell them in batches, so you can’t wait until the last minute; for small properties, just sell them in bulk. I don’t have this worry anymore, but I can’t wait until the last two or three months because there are too many.
Therefore, leave one year for the former and half a year for the latter, giving the market enough time to digest, just like the stock market. Otherwise, if there is a large-scale market crash, if the real estate crisis is triggered in advance, you will suffer a big loss.
"Okay, I understand." Zheng Zhijie nodded and said.
As a person in the industry, he naturally knows what the boss means, and this is normal operation in itself.
Yang Wendong continued: "The same is true for the needs of other subsidiaries. As long as it involves real estate, the scale is less than 500,000 Hong Kong dollars, and it is needed for its own development, it can be purchased without reporting;
If the value exceeds 500,000 Hong Kong dollars, or it is not urgently needed, then you must tell me and I will agree to purchase it.”
In the past, when real estate was on the rise, Yang Wendong would basically authorize his subordinates to make their own decisions on real estate investments within 2 million Hong Kong dollars and property projects that were in need of development; of course, this also required the approval of the headquarters review department, and the transaction After completion, Yang Wendong needs to be informed of unified information at the end of the month, and then he will make a judgment afterwards.
The purpose of this operation is also to let the people under me gradually understand my attitude towards this aspect. If I don't say anything, my subordinates can do things based on their own experience in the future. Otherwise, be more cautious.
Although the initial stage may cause his subordinates to make some acquisitions that are not satisfactory to Yang Wendong, the scale itself is small and it is impossible to lose money because the market is rising. It can also allow his managers to gradually understand themselves and prepare for the future. When the company becomes larger, you should reduce your workload and lay the foundation; otherwise, deciding every little thing by yourself will only make you exhausted.
And now the real estate crisis is about to come, and he also needs to take back power, because things are different now.
"Okay, I will also inform others." Zheng Zhijie said again.
Yang Wendong took another sip of tea and continued: "In addition, starting from this year, I will conduct a comprehensive survey on the town centers in Hong Kong Island and Kowloon where the economic development is still good, including large properties, large land or Some other high-quality properties; I want to check their area, information about the boss behind them, and operating conditions.
There are also all the detailed information about large British-owned companies and large Chinese-owned companies in Hong Kong. There is no need to involve anything. Personal confidential information, what I want is business information, debt information, property holding information, etc., the more accurate the better.”
Zheng Zhijie’s heart moved, and he naturally understood that this was prepared for future bargain hunting. Said: "Okay, I will find a way to investigate this information from the Commerce Bureau and Lands Department."
"These information are considered government secrets, right? Ask him if the government wants it, will it involve violations? ?" Yang Wendong asked.
Although darkness is rampant in Hong Kong now, at the lower level, everyone still abides by the rules, especially the Chinese community, and cannot let others find an excuse; even if they have to use some tricks, they will try to stay in the middle. The gray route leaves no handle.
As a time traveler, Yang Wendong is even more cautious, because he needs to consider the future and his reputation for "justice". Unless he has no choice, it is better to solve things legally, even if it costs a little more money.
Zheng Zhijie replied: "If you just want some superficial information, it will not involve any illegality. Some reporters in Hong Kong who have some connections can also investigate;
But these information cannot be brought with you. Go, you can only watch. I can also send a few more people here. At worst, I can watch more times and remember it by memory. This way it won't be against the rules."
"That's okay, remember. Just some important information is enough. I don’t really need all the information. I just need to investigate the core areas such as Central and Causeway Bay." Yang Wendong nodded and added: "There are quite a few reporters from Oriental Daily, and these are literary memories. Strong."
"What a good idea." Zheng Zhijie said with a smile: "Then I will discuss it with Qin Sheng."
Yang Wendong nodded and said: "Okay, you do need his cooperation in this matter. Reporters are better at investigating business information in Hong Kong. It just so happens that he has also prepared some business rankings."
"Ranking list?" Zheng Zhijie also understood, and said: "Once this kind of thing is exposed, I'm afraid it will offend a lot of people, right?"
"Yes, I know, so I won't do it for the time being. Prepare to do it." Yang Wendong paused and said: "Those related to the business sector will be introduced slowly, and the first step will be to introduce the entertainment aspects, so there will be more opportunities in the future, and we will try it step by step."
In 1961, Qin Zhiye discussed with Yang Wendong and felt that this idea was feasible, but later he asked some wealthy people, and most of them disagreed, so the matter was dropped.
Even though Yang Wendong has now become the top rich man in Hong Kong, there is no need to offend so many people just for a small newspaper sales. It is not cost-effective at all.
Nowadays, with the gradual development of the economy, movie box office has repeatedly hit new highs, and TVB is about to launch it. It is appropriate to first create a list of entertainment rankings, such as celebrities, music, movie box office, TV series ratings, variety shows, etc. etc.
This makes it easier for ordinary citizens to quickly find things that can entertain them. Secondly, for celebrities, this is considered exposure, and they will welcome this exposure.
As for the wealthy group, we can gradually test it later, for example, starting with listed companies. This information is also public.
PS: Please give me monthly tickets
(End of this chapter)