Hong Kong 1980: The Savage Era

Chapter 47 [Agent’s Revenge is Coming]

"There is a dispute between Yihua Real Estate, which is developing the first phase of Licheng Garden, and Yixin Real Estate, which is developing Cuifengtai. Although the two sites are separated by half of Xiangbishan Road, Licheng Garden is closer to the sea and has a better environment. I heard that Yihua Real Estate Company has spread a rumor that if it is the agent of the first phase of Licheng Garden, the real estate developer can no longer cooperate with Yixin Real Estate Cuifengtai."

Lin Luoqi took another sip of coffee and continued to explain, "Licheng Garden is only the first phase. There will be a second and third phase in the future. Therefore, Cuifengtai is not in a good situation. The powerful real estate developers have all gone to Yihua Real Estate."

"Are you worried that the houses in Cuifengtai real estate will not be sold?" Luo Qihong asked.

Lin Luoqi nodded. "One side has a sea view, and the other side has no sea view. They are sold at the same price. Which one do you think customers will choose?"

"Has Yixin Real Estate ever thought about lowering the price?" Luo Qihong frowned and said, real estate developers all want to recover funds quickly, and it is common to make less profit.

Lin Luoqi shook his head. "A price reduction of 1 yuan per square foot is no different from no reduction. Cuifeng Terrace will be sold out sooner or later. However, Yixin Real Estate Company is very confident. They think that after Licheng Garden is sold out, it will be their turn to sell it."

"." Luo Qihong was speechless. Although housing prices have been rising, sea view rooms have always been easier to sell than ordinary rooms. Ordinary rooms are still priced the same. This really tests the customer's IQ.

However, this is an opportunity for Luo Qihong and others. Taking what others have abandoned is the shortcut to getting rich. Of course, it also depends on whether they have the ability to do so.

"How many buildings are there in the Cuifengtai real estate project? How many residential units are there?" Luo Qihong asked while calculating.

"There are five residential buildings in total, with more than 5 residential units." Lin Luoqi understood Luo Qihong's thoughts, "It will be difficult to sell these houses. If they are stuck in our hands, Yiren Real Estate Company will not be able to afford it."

General real estate agency companies will first pay a 3% down payment to the developer, and the remaining % will be settled after the house is sold. Of course, there is a time limit, usually months.

"I want to buy one of the best buildings. According to the property prices in West Tsuen Wan, it is only about 200 yuan per square foot. I need to pay a 3% down payment, which is about 1200 million yuan." Luo Qihong said, "If we can negotiate the profit from 5% to 10%, we can get a profit of 5 million, which is still considerable."

Lin Luoqi was a little excited, "Are you sure you can sell it? How sure are you?"

"About 6%. If we can discuss follow-up cooperation with Yixin Real Estate, we can make more. We can sell one building first and then contract another one. That's a profit of 1 million." Luo Qihong's face was full of greed.

"Okay, let's give it a try, but I think it's better for Yiren Real Estate to take 40% of the profits, and we'll contribute more, Dehe Real Estate 60%." Lin Luoqi said, "Now it's a matter of funds. How are we going to raise 1200 million?"

"How much can Yiren Real Estate Company offer?" Luo Qihong said to Lin Luoqi.

"8 million at most, and I can only give you one month." Lin Luoqi looked a little embarrassed.

"There is still a gap of 3 million." Luo Qihong glanced at Lin Luoqi, "How about we each give 150 million?"

Lin Luoqi nodded and said, "Okay, I'll go and raise 150 million in funds."

Lin Luoqi still believed in Luo Qihong, but he was also worried.

Luo Qihong still has 50 in reserve funds in his account, which means he needs to raise 1 million in funds.

"Let's find a buyer for the shop on Changle Street first, and then the one million yuan of funds will be secured." Luo Qihong comforted himself in his heart. The share price of Hang Lung Group was still rising, and it would be a pity to sell it now.

Back to North Point Store
Luo Qihong heard the news that Fenggui Development Company was making a comeback. Perhaps most of the pre-sale properties invested by Fenggui Development Company had been sold, and now they were turning to second-hand properties in North Point.

He was not interested in the strategy of Fenggui Development Company. The current Hehong Real Estate Company no longer needed that little commission to support its business. It was just Guan Jiahui who was doing these businesses.

Seeing Guan Jiahui's angry look, Luo Qihong suddenly felt a little amused and asked with a smile, "Who offended our Miss Guan? Tell me, I will kill them." Guan Jiahui rolled her eyes at Luo Qihong and said, "Too shameless, they only target us, and the other colleagues are fine."

Luo Qihong was a little confused at first, but then he guessed something, "Is Fenggui Development Company targeting us? Is there any reason for this?"

"It seems that Fenggui Development Company cooperated with some company, and that company made a lot of money. Now they are very rich and powerful." Guan Jiahui talked non-stop, complaining that Fenggui Development Company was targeting her.

"Is that company called Haofeng Real Estate?" Luo Qihong thought about it for a moment and the name of the company emerged in his mind.

Guan Jiahui nodded. "That should be the case. Is there a grudge between him and you?"

Luo Qihong nodded and said, "It's a bit festive. Don't worry, I will handle this matter."

After thinking for half an hour, Luo Qihong could no longer sit still, and went straight to the store of Lok Fu Real Estate Company to find Yan Leduo, who was responsible for intermediary liaison and coordination.

"I think Luo Sheng came to me because he was targeted by Fenggui Development Company?" Yan Leduo said with a slight smile, in a somewhat teasing tone.

"Mr. Yan, how do you think I should solve this problem? This should be the responsibility of the alliance, right?" Luo Qihong said.

Yan Leduo said helplessly, "Mr. Luo, although Fenggui Development Company is suspected of defeating them one by one, you know that our peers are not so easy to coordinate. They are likely not to agree to deal with Fenggui Development Company for the sake of Hong Real Estate Company."

The "they" mentioned naturally include Yan Leduo. Knowing that the lips and teeth are interdependent, they still insist on clinging to luck. This is human nature.

The alliance's commission distribution has finally returned to its previous practices, so how could peers agree to endure the losses?

In fact, Luo Qihong had also thought of this result, and he just came to say hello to Yan Leduo. Don't say that he, Luo Qihong, made the decision on his own in the future.

"Since Mr. Yan means this, I can only handle this matter myself. Goodbye!" Luo Qihong stood up and wanted to leave.

Yan Leduo asked, "Does Luo Sheng still want to deal with Fenggui Development Company like before? I heard that Fenggui Development Company has won over Haofeng Real Estate Company, and now it is rich and powerful, not the same as before."

"You might as well tell Mr. Yan the truth. I have other sources of business and I specialize in exclusive business. But I can't do it this time. I plan to only charge 2% commission and divide the remaining 8% equally between the buyer and the seller. I think the business will be booming." Luo Qihong said cunningly. Since everyone wants to watch the show, then no one should play. Anyway, he can afford the loss.

"."Yan Leduo still felt that Luo Qihong was alone and powerless, and even if he reduced the commission, it would not cause too much trouble.

"Let's wait and see. It might be good to teach them a lesson." Yan Leduo comforted himself. Luo Qihong gave him a bad feeling.

After returning, Luo Qihong immediately posted a notice and began to solicit business.

He doesn't have much time to do these things. The business of shops and residential building agents is busy enough for him, so these things can only be done by Guan Jiahui.

"2%?! We only charge 2% commission, which is too low. We might even lose money on the shop rent." Guan Jiahui was also unhappy. To her, this was just a small amount of money.

"You can keep the 2% commission, and the loss on the shop rent is my responsibility. But you will have to work harder recently because there will be a lot of business coming to your door, and you have to be careful of tricks played by your competitors. You have to be smart. If you feel there is something wrong with the customers, you have to refuse to do business with them." Luo Qihong pinched Guan Jiahui's nose.

The interests of so many people have been harmed this time, it is certain that someone is playing tricks, so I remind Guan Jiahui to be careful.

(End of this chapter)