Hong Kong 1980: The Savage Era

Chapter 313 Chapter 314 [The decline of the city ends completely]

Luo Qihong was still very popular during this period. He successively acquired Wah Kuang Real Estate Company and Le Gu Real Estate Company, with a total market value of more than HK$10 billion. No one had such a large investment expenditure during the same period.

Luo Qihong took the opportunity to get to know some important people, and of course this was also the basis for future expansion.

After the entire banquet, Luo Qihong obtained 1.5% of the original shares of Hong Kong and Macau International Company.

This equity ratio is 0.5% more than what Luo Qihong expected. According to the total investment, Luo Qihong needs to pay 3 million yuan.

next day
The news about Hong Kong and Macau International Company spread quickly and appeared on the headlines of major newspapers.

Newspapers that favor the Chinese said that this was a battle for the comprehensive rise of the Chinese, and that Hong Kong no longer belonged only to the British. They called on citizens to take flights of Hong Kong and Macau International Airlines in the future and contribute to the Chinese-owned airlines.

The newspapers that support the British said that this was disrupting the order of Hong Kong's aviation industry and called on the Hong Kong government to order the establishment of Hong Kong and Macau International Company.
"Even the Swire Group's aviation industry can't be saved. It's time for us Chinese to rise up."

"The British should go back to their ancestral home. They have been bullying Hong Kong for so long, they should have stepped down long ago."

The Chinese naturally tend to favor their own compatriots and reject the evil British.

But the British believed that this was a sign of their loss of Hong Kong. Even though the Joint Declaration had been signed, they could not accept it, at least not for the time being.

Now faced with naked provocation from the newspapers, I finally couldn't bear it anymore.

As a result, fights between Chinese and foreigners broke out in many bars that day, but fortunately no one was killed.

Faced with the joint provocation of Mitsubishi Motors and Hengchangxing Enterprise, Hexiang Trading Company, after enduring for some time, announced the acquisition of a used car company and auto repair shop to refurbish and sell used Mitsubishi cars.

Since everything except the price is the same as Mitsubishi cars, it attracted a lot of middle-class customers, causing Mitsubishi car dealerships to be cold-shouldered, with sales falling from 3 to 7 cars a day to the current 1 or 2.

"Boss, the used car company's turnover is very good, but the repair shop is a bit difficult to deal with. Many customers ask us for free maintenance. We are now in a period of loss. If this continues, we will probably go bankrupt." Wen Jiatao said.

Luo Qihong put the report aside and said to Wen Jiatao, "How can we make a loss? We are in the trading business. Can't we get high-quality auto parts?"

"Let the employees of the auto repair shop promote car modification and other services to these people, and sell these auto parts at a lower price than Mitsubishi Motors repair shop, so as to achieve the principle of small profits but quick turnover."

"Yes, I'll arrange it right away." Wen Jiatao continued to ask, "Should we lower the quality while repairing the car?"

"We are doing business, not profiteering. Honesty is very important to us. Let's not do these things." Luo Qihong thought for a while and said, "Our goal is to suppress Mitsubishi Motors, not to make a lot of money. As long as there is no loss, it will be fine."

Luo Qihong is now wealthy, and the losses incurred by a small Mitsubishi Motors branch are nothing to him.

February 2, Chinese New Year
This year's Luo family villa is not as lively as last year. The reason is that the Luo family has a new baby and it is not yet a month old, so it is not suitable to see strangers.

Therefore, only the Chen family came to visit, and Lin Ya and Luo Zegui did not dare to go out to visit relatives, and even left Luo Qihong to greet the Chen family.

"Come, grandpa will give you a gift." Chen Zengjing waved to the newborn Luo Yiyu with a kind smile on his face.

When Chen Yusan came in with Luo Yiyu in her arms, Chen Zengjing took out a jade pendant as white as mutton fat and put it on Luo Yiyu himself. When he saw Luo Yiyu grabbing the red string, he said, "You like it very much, right?"

Soon, other people also gave Luo Yiyu gifts, including gold chains and gold bracelets.
"Brother Hong, you are my niece's uncle, what did you give her as a gift?" Chen Yucan teased Luo Qihong with a smile.

Chen Yusan picked up the jade pendant and spoke for Luo Qihong, "Ah Hong gave Yi Yu a lot of things, including 2% of the shares of Jingmou Electronics Company."

As soon as these words were spoken, everyone's expressions froze. It was such a generous gesture, and this was only a part of the gift.

Chen Zengjing reacted and said with a smile, "Ah Hong, you are really generous."

"I've been very busy recently and I don't know what gift to buy, so I'll just give you something casual." Luo Qihong waved his hand with a slightly bitter smile on his face.

He also felt that these gifts were a bit heavy, but the words had already been spoken and there was naturally no possibility of taking them back.

Everyone laughed, and Chen Yucan teased Luo Qihong again, saying that this was a New Year's gift, and a full moon gift was indispensable.

Luo Qihong also teased Chen Yucan, asking if his uncle wanted to compete with his uncle to see whose gift was better?
Although Chen Yucan was not a very shrewd person, he knew that his whole family could not defeat Luo Qihong. Of course, he did not dare to agree and just walked away with vague words.

Luo Yiyu is the eldest sister of the third generation of the Luo family, so it is easy to understand why Luo Qihong inadvertently used too much force.

The beginning of April

The first government land auction of 85 held by the Hong Kong government has finally arrived, including the much-anticipated 11.5 square feet of land in the Admiralty Barracks.

Luo Qihong naturally came here for this piece of land. If he could take it, he would have a base in Central, just like New World Development Company owns the New World Centre in Tsim Sha Tsui.

The auction procedure was still the same old one. After the host finished speaking, the auction of the first piece of land began.

Luo Qihong sat upright the whole time, not showing any interest in the 'appetizers'; his only goal was to win the Golden Bell Land King.

"We have finally come to our grand finale. The protagonist of today's auction is going to appear, the Golden Bell Land King, a military camp land covering an area of ​​11.5 square feet. The starting price is 5 million yuan, and each bid must not be less than 50 yuan."

"Without further ado, let's start the bidding now. Bang!" The hammer fell and the auctioneer's words were sonorous and powerful.

"5 million!" The head of Swire Properties was the first to raise his placard and bid. Facing this preemptive move, Luo Qihong didn't care at all, as he only had eyes for the Golden Bell Land King.

"6 million yuan!" Luo Qihong held up the sign with the number 37 on it.

Before he finished speaking, everyone looked at Luo Qihong in unison, with some surprise on their faces, as if to say, "You are exaggerating too much."

The price is more than 9 million yuan, which is the value of a piece of good land.

Swire Properties would naturally not admit defeat, but they did not raise the bid too high, just 1 million more.

Luo Qihong ignored those lousy rules, glanced at Swire Properties, and held up a sign saying "6 million yuan!"

If Luo Qihong's reputation had not been known throughout Hong Kong, everyone present would have thought that Luo Qihong was a stooge for the auction.

Swire Properties began to hesitate, as it seemed that they were almost reaching their maximum price limit.

“7 million!” Swire Properties shouted out a price after the second hammer fell, a little worried that the auctioneer’s hammer fell too quickly.

"Seven hundred and three million!" Luo Qihong shouted out the price that Swire Properties paid for this piece of land in his previous life.

“Seven hundred and five million!” Swire Properties continued to raise the price.

Luo Qihong sneered and raised the sign "7 million!"

His reserve price is 10 billion yuan. He doesn't believe that Swire Properties dares to offer this price. After all, there is still some uncertainty in the current real estate market. No one can have a God's vision like him.

The colleagues present were all shocked. Did this Mr. Luo have endless money?

In the end, under everyone's enthusiastic gaze, Luo Qihong bought this Golden Bell land king at a price of 7 million.

When the hammer fell for the third time, thunderous applause broke out in the entire auction venue, announcing that the real estate recession that had lasted for several years had finally come to an end.

Many colleagues came forward to congratulate Luo Qihong on winning the bid for the highest-priced land, with a bit of envy in their eyes. This is Admiralty in Central. Although the land is not near the sea, it is also a Feng Shui treasure land.

The amount of money involved in this piece of land is too large, so the Hong Kong government gave Luo Qihong a week to raise funds, otherwise the land will be taken back and re-auctioned.

Most of Luo Qihong's funds are in the stock market. It is only March now and the Hang Seng Index still has a significant increase, so he is unwilling to sell at this time. Therefore, he can only use the mortgage loan of the China Gas Company shares he holds to complete the payment.

Luojia Deep Water Bay Villa

It was night time and the chirping of insects in the garden was like a small concert, which made people feel calm.

Niece Luo Yiyu held the bottle in both hands, looked at Luo Qihong with bright eyes, but did not forget to drink milk with her mouth. It seemed that she liked her uncle Luo Qihong.

"I heard that you spent 7 million to buy a piece of land in Admiralty. Does this mean that the real estate market in Hong Kong will start to skyrocket?" Chen Yusan asked.

People say that a woman becomes stupid for three years after pregnancy, but Chen Yusan is still as smart as ever. With Luo Yiyu around, Luo Qihong will definitely not be in a bad mood.

Luo Qixing also cared about Luo Qihong's answer. Everyone knew that his brother was a real estate tycoon and had an accurate judgment on the rise and fall of real estate.

Luo Qihong smiled, tugged at Luo Yiyu's bottle, and said, "Well, today's auction proves that the decline of Hong Kong's land market is no longer there. Starting tomorrow, the land market will start to rise sharply. If you have spare money, you can buy a lot."

"But don't borrow a lot to buy, because the current increase in the real estate market cannot support the high interest rates, and it is very likely that it will not be able to sustain it."

He has reminded these two people of all that should be done, but if they still want to buy the property with loans, there is nothing that can be done.

"Ah Hong, do you have any recommendations?" Chen Yusan asked excitedly.

This is an opportunity to make a fortune, we can't miss it.

Luo Qihong thought about it and felt that his elder brother did not have much money, so it would be better for him to buy some low-priced properties with great potential.

“Sell all the shops you have bought and use the cash to buy industrial buildings in places like Kowloon Bay, Yau Tong and Tsuen Wan. It is better not to buy them with loans.”

Industrial properties are still very cheap today. With the funds that Luo Qixing and his wife have, they can easily buy 2 or 3 industrial buildings with a rental area of ​​up to 50 square feet.

As Hong Kong's economy recovers, many factories will inevitably return. At that time, industrial buildings will be in short supply and the rent obtained will be a good income.

"Can we get a small loan? If we get a small loan, we should be able to acquire four industrial buildings with a total floor area of ​​4 square feet, and the rent can be used to repay the interest." Luo Qixing is becoming more and more ambitious, but his ability does not match his ambition, and it is easy for something to go wrong.

Luo Qihong softened his heart and said, "The maximum loan is 3%. If you are short of money, you can use the funds on the books of the paper company and the printing company to make up for it. We can talk about it later if there is any problem."

Luo Qixing wanted to ask more, but Chen Yusan interrupted him, "Can the price of industrial buildings rise to the peak price in the 80s?"

Luo Qihong laughed and said, "Since the previous price is already there, how can it be the same? In my opinion, it is very likely to surpass the grand occasion of the 80s, but this grand occasion will not last long, because there is a large amount of cheap labor next to us in the mainland. Once the facilities over there are improved, it will be difficult to maintain high prices."

Luo Qihong shared his analysis on industrial properties, hoping that it would alert Luo Qixing and prevent him from losing as much money as last time.

(End of this chapter)