With the rapid passage of time, we entered the threshold of 1982 in the blink of an eye.
The real estate market in Xiangjiang has quietly entered a period of adjustment since the middle of last year. The vigorous development momentum in the past seems to have encountered unprecedented resistance.
In the new year, this trend has not eased, but has become more and more obvious.
Since the end of last year, transaction activity in the real estate market has dropped significantly, with transaction volume falling quietly like autumn leaves.
This change has undoubtedly cast a light haze over the entire industry.
Although on the surface, the fluctuations in housing prices are not dramatic and only show a subtle downward trend, such subtle changes are enough to touch the sensitive nerves of the market.
After all, in the huge economic system of real estate, any slight fluctuation may indicate the future direction.
However, during this period, most market participants seem to be able to maintain a certain degree of rationality and patience, taking a wait-and-see attitude towards the slight decline in prices, and have not yet triggered a large-scale panic or sell-off.
The reason may be that the market generally believes that this is only a temporary adjustment stage. With the recovery of the economy and timely adjustments to policies, the real estate market will eventually regain its vitality.
At the same time, investors and consumers are also waiting for clearer signals to make more informed decisions.
Therefore, in this period of uncertainty, staying calm and rational may be the best strategy to deal with market changes.
Originally, according to many predictions, the crisis in the Xiangjiang real estate market was supposed to erupt completely in September because of a certain lady’s fall.
However, Sioux City is keenly aware that this crisis seems to be showing signs of breaking out in advance, and its possibility is rising sharply.
The basis for this judgment stems from a series of unusual actions by the Yangtze River Industrial Group recently.
Since the end of last year, the group has been quietly selling off a large number of properties it holds in the market. This behavior is so secretive that it did not attract widespread attention at the beginning.
However, as the properties continued to change hands, the Yangtze River Industrial Group successfully withdrawn huge amounts of funds.
Until early this year, as the selling continued, the market finally began to notice this anomaly.
Cheung Kong Group’s move was like a stone that stirred up waves, quickly triggering widespread discussion and speculation in the industry.
People have speculated that behind this large-scale selling behavior, coupled with various signs, does it indicate that the Hong Kong real estate market is about to usher in an unprecedented storm?
As a result, as the news of the sale of properties by Cheung Kong Industrial Group was widely reported by the media, house prices fell in response, quickly spreading to the entire Hong Kong real estate market like dominoes.
In January 1982, housing prices in Xiangjiang suffered a heavy blow, falling by about 10%. This shocking figure caught market participants off guard.
At the same time, the trading volume has dropped to freezing point, buyers and investors have been waiting to wait and see, and the market has fallen into an unprecedented downturn.
The once bustling sales office is now deserted, and both parties to the transaction are waiting for further clarity on the market.
At this moment, the real estate market in Xiangjiang is filled with panic and a feeling of uneasiness and anxiety.
Everyone is deeply afraid that this sudden real estate crisis will be like an uncontrollable flood, mercilessly devouring the wealth they have worked hard to accumulate.
People are beginning to re-examine the risks and opportunities of the real estate market, and are full of uncertainty about the future direction.
It is worth noting that looking back at the beginning of last year, the price of industrial land in Xiangjiang has actually shown a downward trend. It is only because the price of commercial land is still stubbornly maintaining an upward trend that the overall market still seems to be prosperous.
This apparent prosperity undoubtedly conceals the deep-seated problems within the market, causing many people to mistakenly believe that real estate prices can continue to soar.
However, reality proves in a cruel way that any bubble will eventually burst.
In addition to the market panic caused by the continued sales of properties by Cheung Kong Holdings, two recent incidents in Xiangjiang have intensified public concerns about the real estate industry.
First, two land deals involving the Government House sent strong signals that the market might collapse.
Among them, the Government House announced that it had reached an agreement with the developer Weicheng Company to recover 488 hectares of land in Tin Shui Wai, Yuen Long, for a price of up to HK$2.25 billion.
This move was interpreted by the market as the real estate developer's development plan on the land was blocked or abandoned, further proving that in the current market environment, even large-scale land development projects are facing huge difficulties. Certainty.
Following this, the Government House announced the sale of the prime property of Murray Road Car Park in Central District for HK$1 billion.
This decision is even more shocking, because the Murray Road parking lot is located in the core area of Hong Kong, and its commercial value is self-evident.
However, the Government House chose to sell it, which undoubtedly revealed the government's financial constraints and urgent need for funds.
The reason why the government is short of money is largely due to the current sluggish land sales and the overall downturn in the real estate market, which has resulted in a significant reduction in the government's revenue from land transfers.
These two pieces of news were like two bombshells, causing an uproar in the Hong Kong real estate market.
The recycling of land means that real estate developers lack confidence in the future market, while the government's sale of high-quality properties directly exposes financial pressure.
This series of events are intertwined and make everyone worried.
In addition, Yangtze Commercial Group, a giant in the real estate industry in Hong Kong, has sold off a large number of properties. This makes everyone feel that the wolf is coming, and if they don't run away, they will have no chance.
As a result, a vicious cycle quickly formed, with more people afraid to buy a house for fear that they would be at the ceiling.
However, the previous actions of Tianqi Property Company did not have any impact on this matter.
Because everyone knows that Su City has a lot of properties in Xiangjiang. It’s just two buildings sold, so it doesn’t matter.
So, this matter was not caused by Su Cheng, but by Li Ka-shing.
Behind the scenes, I don’t know how many real estate bosses secretly scolded Li Ka-shing, saying that he had to sell properties in a big way because of something bad.
This is good. The trading volume was stagnant originally, but now it has plummeted.
As a result, the houses cannot be sold, and the developers cannot get back the funds for the houses developed.
Ordinary people are fine, but what they are most worried about are those real estate companies that continue to expand their scale by leveraging the general trend, such as large groups such as Jardine Matheson, Great Eagle, and Hang Lung.
In particular, Hang Lung Properties Group, one of the five real estate giants in Xiangjiang, last year led three consortiums to win the development rights of nine subway properties along the Xiangjiang Metro line.
Originally, if the real estate market in Xiangjiang continued to improve, they would definitely be able to make a lot of money.
Unfortunately, when they entered the market, Xiangjiang Real Estate was already at its peak.
After the failure of Wharf in the past few years, Land and Land has begun to expand aggressively in other places, acquiring many Hong Kong companies such as the Heung Kong Telephone Company.
Overseas, Land is also rampant, and its debts now reach tens of billions of Hong Kong dollars.
If a real estate crisis does occur, it is obvious that they will bear the brunt and be the most affected. Regarding these, Su Cheng was not panicked at all.
He himself knew that Hong Kong would face a real estate crisis.
In addition, the most important point is that his company does not have any debt ratio!
Since its development, Sioux City has never borrowed money from banks.
For him, he can't spend all his cash, so why borrow money from the bank? That is purely a redundant move.
Therefore, no matter how serious the real estate crisis in Xiangjiang is, it will not pose any danger to Su City.
Moreover, the real estate industry has never been his main source of income. The technology industry and the petroleum and energy industry are the ones that have contributed the most funds to him.
Chinese Bank, the headquarters of Yangtze River Industrial Group, the assistant came to the chairman's office with a wry smile and said: "Li Sheng, hundreds of people have called us today to scold us, thinking that we are the accomplices of the real estate crash. "
"Don't worry about them. If it's these calls, just hang up." Li Ka-shing said with a smile.
At this moment, he doesn't care about the reputation. It is the last word to run away in advance. After these few months of signs, he has become more certain that Xiangjiang will usher in a terrible real estate crisis. This The real estate crisis will definitely be much scarier than the real estate crisis from 1973 to 1974.
Fortunately, he had a premonition in advance and started selling buildings and properties along with Su Cheng.
Although it is impossible to sell out all the properties, nearly one-third of the properties have been sold since last year. In this way, their company has withdrawn a lot of funds, even in the face of very terrible real estate The Yangtze River Commercial Group has this capital and can survive the crisis unscathed.
On the contrary, what makes Li Ka-shing wonder is why there was no follow-up action after Sioux City sold two buildings?
Originally, he thought that Sioux City would continue to sell off properties after selling these two buildings.
But from now on, it is obvious that the other party has no such plan.
Li Ka-shing didn't know that Su Cheng didn't care about the small price difference at all, and he didn't intend to bear the infamy.
If he sells on a large scale, people in Xiangjiang will definitely feel that this real estate crisis is caused by Sioux City.
But now, Sioux City has not sold off aggressively. Instead, its Tseung Kwan O headquarters base, several communities, and the Jiayi Film and Television City on the Clearwater Bay Peninsula have been completed and opened one after another. It seems that Sioux City is facing The real estate industry in Xiangjiang is very confident.
In this situation, who can blame Su City for causing this matter?
"Li Sheng, it is difficult to continue selling our remaining properties unless we significantly reduce the price." The assistant continued.
"Withdraw all these listings. One-third of the properties have been sold, which is enough." Li Ka-shing thought for a while and replied.
"Okay Li Sheng, I'll deal with it right away!" The assistant left the office respectfully.
Li Ka-shing stood in front of the floor-to-ceiling glass window in his office, looking out at the bustling streets of Central, not knowing what to think...
In February, the real estate market in Hong Kong continued to be cold.
Not only that, stocks related to the real estate industry have basically entered a downward trend, and this situation has been falling for more than a month.
In particular, the stock of Real Estate Company fell by a full 42% in more than a month.
The reason is very simple. According to media analysis, Land's current liabilities and blind expansion in recent years will cause a fatal crisis to Land if a serious real estate crisis occurs.
So, many people have chosen to sell.
This situation is very beneficial to Su City.
Suzhou City has been planning for land acquisition for more than two years.
In the past two years or so, the trading team of Tianyuan Investment Company has never stopped buying shares in Land and Jardine Matheson.
Although the progress in the later period is slow, the slowness is also increasing with the accumulation of time.
Nowadays, Land’s stock has plummeted, which is definitely a great opportunity for Suzhou City.
No need to remind Su Cheng, under the command of Zhang Qizheng, without being noticed in the stock market, Tianyuan Investment Company has been aggressively absorbing Land shares for more than a month.
They will not buy at a fixed price, but will leave some stocks at each price. As a result, the price will continue to fall, because some people's stocks have not been traded.
But everyone is afraid that if Real Estate collapses due to the real estate crisis, the losses will be huge.
In the office of Tianyuan Investment Company, Zhang Qizheng and all his subordinates were very satisfied with today's task.
It’s not yet the closing time. From the morning till now, they have actually absorbed a full 1.3% of Land shares.
If this were done before, it would have taken at least half a month to absorb so much.
Moreover, after absorbing so much, the price did not rise, but was still hovering at a low price.
Just because there are too many sales orders today.
"You continue, be careful not to be discovered, I will call the boss." Zhang Qizheng warned.
“Don’t worry, Mr. Zhang, we know how to do it!” A laugh came from the office.
The trading team led by Zhang Qizheng has basically maintained the same people without any changes.
These people also have enough loyalty.
Today, there are too many secrets in Tianyuan Investment Company, so it is not suitable to increase manpower. If we increase manpower, we need to ensure that we can trust it.
After all, Sioux City’s target is too big. It not only targets major British banks such as Land and Jardine, but also the HSBC Group.
If this is exposed, it will definitely have a big impact.
The impact does not matter to Su Cheng, but it will definitely be difficult for him to continue to absorb shares.
Moreover, it also made the other party feel wary.
Therefore, Tianyuan Investment Company will not easily recruit people again.
It is impossible for the internal members to resign and work with Su Cheng. The benefits are so good. Anyone here is a multi-millionaire.
If you put this outside, an ordinary trader could make millions in one go, which would be pretty good. (End of this chapter)