Hong Kong 1980: The Savage Era

Chapter 38 038 [Sai Wan Warehouse]

Hearing this, Zhang Qianqi smiled even more happily and took Lin Ya's arm to please her. She was very clear about Lin Ya's position in this family, and in the future she might have to rely on Lin Ya to influence Luo Qihong, her rich brother-in-law.

Luo Qixing heaved a sigh of relief when he saw that the decision had been made. The family atmosphere in the past two days was really uncomfortable. Luo Qihong could still hide away by working, but he had to face Lin Ya's ugly face directly.

Of course, this is Luo Qixing's personal matter, how could Luo Qihong choose to suffer all the time?

Next it was Luo Qihong who went to talk to the owner himself. The Luo family father and son wanted to go back to work. Lin Ya did not want to get involved either, thinking that the younger son could handle it and would not lie to her. Lin Ya was the only one who wanted to go, but no one supported her, so she could only follow them back to Kowloon Bay.

North Point Wo Hung Properties
Dudu! !
A pair of hands were pressing the lid of the kettle to pour tea, making a pleasant sound.

"This is a list of properties that Yiren Real Estate Company wants to sell. These properties have been untied." Lin Luoqi put the document on the table.

罗齐鸿拿起文件翻阅，青葵地区的工业大厦一层物业、荃湾的3套小户型住宅、元朗一幢10层高的唐楼、西环皇后大道的一个货仓.共计有物业8处，价值在8、9百万左右。

Luo Qihong stared at the two properties, the Sai Wan warehouse and the Yuen Long tenement building, for several minutes, but said to Lin Luoqi, "How much financing did Haofeng Real Estate Company give you? You actually untied properties worth more than 800 million."

Lin Luoqi smiled and said, "I raised 1 million yuan, and I spent half of it to unbind these properties, which is only 5 million yuan. I plan to hype up the stock price of Yiren Real Estate Company with the remaining 5 million yuan."

Luo Qihong couldn't help but feel envious. He worked so hard to earn 5 million in assets, but Lin Luoqi managed to earn 1 million in just one month. It was really like "comparison makes one feel depressed."

"I want to take over the Sai Wan warehouse here myself, but I don't have 60 to give you at the moment, not even a down payment." Luo Qihong said a little embarrassedly. Of course he had the money to pay, he just wanted to 'borrow a chicken to lay eggs'.

"No problem! I can transfer it to you first. As for payment, you can pay after you sell it." Lin Luoqi waved his hand indifferently. A warehouse worth only 60 was nothing to him.

Luo Qihong also wanted to take over the tenement building in Yuen Long. Although Yuen Long has not yet developed, it was also located in the business district in the previous life. He felt that according to the current situation, this tenement building would be acquired soon.

It's just that 'borrowing more than 1 million to make a fortune' seems a little unkind, but he has already thought about it. He can find a buyer for the Yuen Long tenement building later. After all, it takes time to deal with the eight properties.

"How do you plan to hype up the stock price?" Luo Qihong put the document aside.

Lin Luoqi responded, "I have asked the people at the securities company. First, I will place an advertisement to release some favorable news, then find an authoritative person to help write a review of Yiren Real Estate Company, and then go to the wireless TV station to participate in some programs."

These suggestions are all standard and there is nothing special about them, but they are suitable for the current role of Yiren Real Estate Company.

If it were Luo Qihong, he might choose a more risky approach and directly acquire the entire commercial building in Central with great fanfare. Referring to Chen Songqing's approach, he could directly raise the market value of Yiren Real Estate Company. As for the debt problem, he could take advantage of the hype and issue new shares to raise funds.

Luo Qihong also mentioned that he had bought shares of Yiren Real Estate Company.

Lin Luoqi didn't say anything because the verbal agreement between them was not fulfilled and there was no point in saying anything further.

Then the two went to the law firm to sign the contract. Luo Qihong had managed to acquire the warehouse in Sai Wan with an area of ​​3473 square feet. He then began to actively understand the actual situation of the warehouse in Sai Wan.

When he arrived at the site to check it out, Luo Qihong frowned. This warehouse was several hundred meters away from the Sheung Wan business district, and that was the straight-line distance.

It takes some time to develop to the warehouse, and there are other warehouses nearby. There is a slight fishy smell in the air, which is not disgusting, but a bit pungent.

Before the 60s, the basic development direction of Hong Kong Island was "prosperity moved eastward", first Wan Chai, Goose Neck, Causeway Bay, then North Point, Quarry Bay, Chai Wan, while Sheung Wan and Sai Wan developed relatively slowly. Sai Wan at that time was basically the base camp of the "North-South Bank", with many shops and warehouses in the area, and it was a distribution center for seafood.

After the mid-60s, Kwai Chung became a container terminal and Sai Wan gradually lost its function. After entering the 70s, Sheung Wan was gradually developed due to its proximity to Central and was even given high hopes. Real estate developers thought Sheung Wan would become the next Wan Chai.

However, it is not like that. Sheung Wan still has its geographical advantage as it is close to Central. However, the commercial buildings in the area are not as good as those in Central.

It may be because Wan Chai is opposite to the eastern part of Tsim Sha Tsui and Causeway Bay is connected to the Kowloon Peninsula by an undersea tunnel, the development of Wan Chai and Causeway Bay is much better than that of Sheung Wan and Sai Wan.

Luo Qihong knew that in the early 80s, many commercial buildings were built in Sheung Wan and Sai Wan, such as the Summit Building and the Kidder Building.

The warehouse owned by Luo Qihong is close to the Mid-Levels. He can see the residential buildings in the Mid-Levels across the street. That area is full of luxury homes. He believes that he still has a good location.

The most important thing is that the development rights of the properties above the Sheung Wan MTR Station and the Sai Ying Pun MTR Station will soon be put out to public bidding. The warehouse held is right next to the Sai Ying Pun MTR Station, 300 meters away.

Even if it cannot be built into a commercial building, he thinks no real estate developer would be willing to miss this piece of land, as it can be built into a residential building.

Luo Qihong certainly thought about taking over the entire warehouse, but he did not have that much capital, and he did not know how the increase would be. If the increase was not enough to cover the interest, he would suffer a huge loss.

You have to be more cautious when doing business. Taking too much risk is not a good habit.

Soon, Luo Qihong brought the information to Lu Song’s shop in Causeway Bay. Of course, he had to take care of Lu Song if he had good things.

"Mr. Lu, how have you been recently? Have you made hundreds of thousands again?" Luo Qihong started teasing Lu Song as soon as he entered the door.

Lu Song laughed and said, "I don't dare to think about making a few hundred thousand, but the housing prices of Saixihu Residential Building have increased a bit, so it's still possible to make tens of thousands. What's the matter? What can Luo Sheng do for you today?"

"Of course there are good things. The 5th floor of Yongfeng Industrial Building, Kwai Fung Street, Kwai Tsing District, has a floor area of ​​7300 square feet and a 1% premium. How about it? And..." Luo Qihong took out three of the properties, and he would take care of the residential properties which were easier to sell himself.

"It's relatively close to the container terminal, so it should be easy to sell." Lu Song took the document, on which were written four big characters 'Yiren Real Estate'.

"Mr. Luo is really amazing. Is this another exclusive business?" Lu Song chatted with Luo Qihong while looking at the documents.

Luo Qihong nodded and said, "Yes! Mr. Lu, we have cooperated many times. This time I plan to pay 2% more for the property, and we will split the extra 1% profit equally. How do you think?"

Lu Song paused slightly. This was an exclusive business. If he refused, he would not make a penny. If he agreed, he would still get half of the profit.

"Okay! Each of us will get half the profit."

"Does Mr. Luo have any other good stuff?" Lu Song glanced at Luo Qihong's bulging briefcase and felt that there were other properties that needed to be sold.

"Haha! Mr. Lu's eyes are so sharp that he can see this." Luo Qihong had already taken out the information about the tenement buildings in Yuen Long. "These are all from a batch of properties. Except for the residential buildings, they are all priced at a 1% premium."

"You should let Mr. Luo handle these houses himself." Lu Song brought the information of the three houses back to Luo Qihong. The reason was that it was difficult to get a premium for the houses, and the only profit he could make was some commission.

(End of this chapter)