Chapter 412 Changxing Real Estate’s huge profits and future investment plans
As a boss, after deciding on an investment project, he will basically not participate in subsequent specific negotiations, even if it is a project involving tens of millions of dollars. Just keep an eye on the progress regularly.
After meeting Lu Yunsheng again, the two parties verbally agreed to continue in-depth discussions. Yang Wendong rushed back to Hong Kong with his family and some of his subordinates; Zou Wenhuai and several people from the headquarters office, plus professional real estate, The legal and business teams stayed in Singapore to discuss with Lujia Capital.
After returning home, Su Yiyi asked: "How is Singapore?"
Yang Wendong smiled and replied: "It's not bad. When you have the opportunity in the future, you can all go and see it."
"Okay, why don't we come together?" Su Yiyi asked.
Yang Wendong shook his head and said: "In the future, our Yang family should try to avoid everyone being in a foreign place, on a plane, or in a car.
In this regard Although the probability is very low, it should be avoided.”
I had discussed this topic with Lu Yunsheng before. Yang Wendong also learned that the four sons of the Lu family, as well as his father, were not allowed to sit together. The same goes for car elevators on the same plane.
Even several members of a family are not allowed to go to a place overseas together, just to avoid extreme situations. Of course, it is fine within one's own sphere of influence. It is impossible for a family not to live together, and the family is surrounded by long-term members of one's own family. Unless there is a heavy firepower attack at the place of settlement, nothing will happen.
"Brother Dong, are you doing this for safety?" Su Yiyi also understood and said: "Well, it will indeed be like this in the future. It will be better when our children grow up."
Yang Wendong nodded. Said: "Yes, the children are still too young now. If they grow up, our family will be stable."
In fact, in terms of various careers, Yang Wendong is confident that his layout will be the best in the future. There won't be any problems. With today's scale, even if the timing of the Hong Kong real estate crisis changes due to my own influence, it will at most make me make less money at the financial level, and it will not affect the foundation of the group at all.
Especially in the future, your own real estate will gradually shift to hoarding a large number of high-quality locations, properties, etc., and the specific development business will be left to the four major future families invested by you or other future real estate giant companies. In this way, the risk is basically gone, because even if history changes, people like Li Jiacheng and Li Shauji will most likely still rise.
Beyond real estate, it is impossible for me to affect future shipping; as for Changxing Industrial’s manufacturing industry, there will not be any problems, not to mention the future electronic age, I still have too many opportunities. .In addition, we also have some financial investments of our own, etc.
At present, the biggest risk is the safety of family members. When the net worth reaches a high enough level, this issue must be considered.
Su Yiyi also said: "I understand, we can only wait until they grow up."
"Yeah" Yang Wendong smiled.
It does take a long time for children to grow up. In modern society, just to graduate from college requires 22 years old. After that, it takes a while to train. To be able to take over part of the family business, it must be close to 30 years old. It may not be possible to do well.
Of course, modern companies do not necessarily need their own children to manage, and letting children take over is not necessarily the best choice. But even if the children do not take over, they must be able to look after professional managers. Another Chinese wealthy family in this era The main thing is to choose children to take over, even if they use professional managers in the future, so education from wealthy families is a very important thing, even more important than the development of the company itself
Time soon entered October, and the various subsidiaries of Changxing Group were also developing according to plans.
Wednesday, October 7:
Zheng Zhijie found his boss with the previous quarter's report and said: "Yang Sheng, this is all the money we cashed out in the previous three months. According to property data, a total of 3.7 million square feet of property has been sold, with a total value of HK$112 million. "These should mainly rely on loans, right?" Yang Wendong asked with a smile.
Zheng Zhijie replied: "A total of 37 million Hong Kong dollars were repaid, including the more than 10 million in interest paid before. Adding up these transactions, our profit is about 68 million Hong Kong dollars."
"The principal and interest are 50 million?" Yang Wendong recalled, and then looked at it carefully.
Zheng Zhijie quickly explained: "Yang Sheng, when we purchased these properties, it was basically 30% of the cost, 70% of the loan, and the interest was relatively high;
But as the Land prices are rising, the proportion is low, and there will be some secondary problems in the future. Second mortgage, so the accounts are very complicated, but house prices have increased by an average of three times in the past few years. No matter how high the interest is, we have made enough.” If you can see some tricks, you can at least understand them in large numbers.
After the meeting, Yang Wendong put down the documents in his hand and said with a smile: "It seems that the income is not bad. The direct income in these three months is far more than that of Changxing Industrial and even Changxing Shipping."
Zheng Zhijie said with a smile: "It's still incomparable. This is actually our total return over the past few years, and we have only cashed out part of it recently."
Yang Wendong asked again: "How much area is there that has not been cashed out?"
Zheng Zhijie replied: "There are almost 2.5 million square feet left. I will sell all of them before December. However, because the location of these parts is better than before, both the selling price and profit will be similar to before. "That means that before December, you can earn close to HK$150 million just by cashing out?" Yang Wendong asked.
“Yes, this is also the total performance of our real estate company in the past few years.” Zheng Zhijie added: “But we also include the 2 million square feet of Central buildings, shops and other high-quality locations that we are not planning to sell. According to today's housing prices, the value of these properties is not less than 200 million, but these properties also have tens of millions of liabilities. "
"If we don't cash out, we don't need to evaluate the value first, it will be counted as existing properties. Just go inside." Yang Wendong paused and said, "In addition, you have also prepared a lot of properties for your brother companies in the past few years, but the ownership has been given to them."
"Yes." Zheng Zhijie replied.
Yang Wendong added: "This real estate is indeed profitable. Judging from the results in the past few years, it is equivalent to our net profit of 150 million Hong Kong dollars in 4 years, plus 2 million square feet of various commercial buildings. This performance , Compared with Changxing Industrial itself, it is not much worse.”
Even in the 1960s, when Hong Kong real estate was not crazy, its profits were much higher than those of ordinary manufacturing factories.; Of course, this is also because Yang Wen As a time traveler, Dong dares to rush into the real estate market with his eyes closed and there are enough reasons for additional capital investment
But in any case, the rate of return in Hong Kong’s real estate market in recent years has also awakened many industrialists. Boss, therefore, after the late 1960s, Chinese capital led by Li Jiacheng began to engage in real estate on a large scale and gradually gave up the factory industry. This is also normal. In the mainland of the previous life, for a period of time, the wealth of real estate developers was far greater Higher than ordinary industrial tycoons.
Zheng Zhijie said: "This is because of Yang Sheng's good guidance."
Yang Wendong said: "Then the headquarters here will go to your place to review it. After all, it involves so much money and it is also a company process."
"Understood, I will also prepare all the information." Zheng Zhijie agreed said.
The group headquarters conducts audits every year, but in the past it was relatively simple for Changxing Real Estate because a large amount of money was invested in the properties. The auditors only needed to check the transaction records and property rights certificates, and occasionally go to the site. Take a look at it for verification, and then compare it with the statistics from the Hong Kong government. It is too difficult to make fraud in this area, and it is easy to be detected.
But now that it is all cashed out, it requires detailed scrutiny, as is the case with any company.
Yang Wendong added: "According to the plan, next year we will no longer care about real estate in Hong Kong. All your businesses will be suspended, and then we will prepare to go to Singapore to investigate suitable investment locations."
"Invest in Singapore?" Zheng Zhijie asked after hearing this: "Is it investing in real estate development or buying a house?"
"The main focus is on buying a house first. Development in this area involves too many local forces, and we don't have You must get involved," Yang Wendong replied.
Real estate development is similar to building a community and then selling houses. It is easy to earn a large amount of local currency in a short period of time, but if it is cashed out, it will affect the local government's foreign exchange; buying real estate means investing in shopping malls, office buildings, hotels, etc. , and it needs to be self-sustained and then operated or rented. This kind of investment is favored by many countries.
In the previous life, the mainland was the same for Hong Kong capital or a small number of foreign capital. Office buildings could be built, but residential communities were not allowed. Only a few people could participate in a few residential projects, such as Li Jiacheng. It was this guy who left behind a lot of A mess.
For external real estate investment, even real estate investment in Hong Kong, his main goal in the future is to buy a house, collect rent more stably, and enjoy long-term returns, rather than excessive planning for short-term returns.
Zheng Zhijie nodded and said: "Okay, I understand. Then I will arrange for someone to go to Singapore this month to get a feel for the local real estate market and understand it."
"Okay, in addition, Changxing Film Company I will also invest heavily there, that's what it is." Yang Wendong also slowly revealed his plans to purchase theaters in Southeast Asia.
After listening carefully, Zheng Zhijie said: "This is indeed a good investment. Just like when we built cinemas in Hong Kong, the locations of the cinemas are basically good;
In the short term, cinemas The line can make money. In the long run, we can tear down high-rise buildings and build two of them into cinemas, while the rest can be used for shopping malls, hotels or other purposes. That would be great.”
“Yes, I think so too. "Yang Wendong said: "Investing in cinemas and supermarkets is the best way to hoard land."
Any government with some sense of responsibility and brains has plans for land. They cannot let businessmen buy a piece of land and then not develop it, especially if it is in a good location.
For capitalists, buying large tracts of land and then building high-rise buildings would put too much financial pressure on them, so it is easiest to buy land and build supermarkets or cinemas. These businesses themselves can make a lot of money, plus The property only needs one or two floors, and it can also meet the needs of people in the city. It can be said that it kills three birds with one stone.
"Do we want to invest in the supermarket?" Zheng Zhijie asked again: "Since the theater chain is already purchased, my funds can go directly to Singapore to buy land to build a supermarket."
< br>"This is also a method." Yang Wendong nodded and said: "But if you don't think about it recently, just check it out first. The four ZZ forces of the United Kingdom, the United States, Malaysia and Singapore are now I'm still messing around, let's wait until these things are clear."
Although he knows the future, he will not invest at this time. If it interferes with the British plan, he will invest in a factory in London. That little contribution would not only be a wasted investment, but might also be on the blacklist, which would be uneconomical. Because he didn't know if investing at this time would offend any party. It was completely unnecessary.
Only when Singapore is formally established as a nation and the ZZ factors of all parties have stabilized will it be the right time.
"Understood, we do have to consider the zz factor." Zheng Zhijie replied
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(End of this chapter)