Hong Kong 1980: The Savage Era

Chapter 69 [It is impossible to be self-sufficient] (Please collect)
"Of course there is no problem! Let me ask you one more question. Lisheng, do you know if there are other owners in the Gongbei Building who want to sell office properties? It would be best if they could sell an entire floor." Luo Qihong asked with a smile.

Li Mengji shook his head. “I don’t know the other owners.”

"Yeah!" Luo Qihong nodded, and continued chatting with Li Mengji until he finished his coffee, then he went to the law firm to sign the contract.

The funds of Dehe Real Estate Company and Yiren Real Estate Company have already arrived in the account of Paramount Company, so it is entirely possible to write a check for 1 million to Li Mengji.

Luo Qihong did not immediately publicize the matter in the newspaper because he still needed to purchase two more floors of office space in the Gongbei Building. Announcing it at this time would only increase the property price of the Gongbei Building, which would be very unfavorable for subsequent acquisitions.

Of course, Li Mengji also handed over the deposit of the tenant on the 6th floor of Gongbei Building and the remaining rent, totaling 42000 yuan.

On the other hand, Lin Luoqi also won the 8 residential units in Shatin First City as scheduled, and paid a 2% down payment of 133 million yuan.

No sooner had they received their hands than the residential units were bid up by another 3%, and very few citizens bought the units from the agents.

Seeing this situation, Baide Real Estate Company announced that the board of directors is considering whether to release another 7 residential buildings to meet the needs of the market and citizens.

Lin Luoqi immediately returned to Dehe Real Estate Company and discussed with Luo Qihong whether to take the opportunity to swallow up more residential units in Shatin First City. In his opinion, this was a good investment opportunity and money-making opportunity.

Luo Qihong knew the historical development trajectory of his previous life. If these seven residential buildings were launched again, they would immediately become unsalable in the market. Not only would they not be able to be hyped up, but they would also lose 7% of the down payment.

"I'm worried that there will be unsales. There are speculators everywhere and not many people who really need houses. So I suggest selling these eight residential units first before the other seven residential buildings are launched. If you insist on making a profit, you can let Yiren Real Estate Company follow up alone and Dehe Real Estate Company withdraw." Luo Qihong said very seriously. He didn't want to lose money.

Hearing this, Lin Luoqi pondered for a moment. Luo Qihong's determination also shook his resolution. After all, Luo Qihong's vision was rarely wrong, at least there had been no mistakes so far.

In the end, he still chose to believe Luo Qihong. Another main reason was that he could not make much money. If he lost money, he could lose more than 1 million or even more. It seemed that the risk and reward were not proportional.

Lin Luoqi nodded and changed the subject, "How is the business acquisition of Gongbei Building going?"

"I have spent 1 million to acquire one floor of property, and I am still looking for owners to sell the remaining two floors." Luo Qihong said truthfully.

"We still have 1100 million yuan left, which is only enough to purchase one floor of property. Can we first pledge a loan of 5 or 6 million yuan?" Lin Luoqi said impatiently.

银行贷款一般最高能拿到抵押物的7成，寻常都是5成、6成，差一些便是3、4成。

"Well, sure. I'll arrange someone to do it." Luo Qihong didn't plan to do it himself. After all, it wasn't a big deal.

Before Lin Luoqi left, Luo Qihong reminded him that he could sell the eight residential units if the price increased by more than 5%, and not to be too greedy.

8 residential units are really too few. Although the location of Shatin First City is better than that of Tsuen Wan, the number is too large. The number of residential units in a residential building is large enough, so the profit here is only a few hundred thousand, which can only be regarded as "better than nothing".

North Point Wo Hung Properties
Luo Qihong lay on the sofa with his eyes closed, resting while thinking about some future investment directions. Guan Jiahui sat on a chair reading a fashion magazine, most of the models in which were foreigners.

"Everyone is lowering prices and offering cash back. Business is very bad right now. I even want to change my career." Guan Jiahui glanced at Luo Qihong who was sleeping leisurely, and said angrily.

Luo Qihong smiled and said, "Do business when there is business, go shopping when there is no business. You have invested more than 3 yuan in the stock market, plus the pocket money I give you. Why do you still care about these businesses? Just treat it as a part-time job to kill time." Luo Qihong didn't care about the business in North Point. He had been spending more than he earned for two months. Guan Jiahui didn't give him a penny of the commission she got, and he still had to pay for rent, utilities, etc. However, this was a job for Guan Jiahui, which saved this woman from bothering him. In addition, he could take revenge on the Lin brothers and make them lose more. Of course, he would persist in making a loss.

"Really? I can make 3 yuan so quickly. Which stocks did you buy for me now?" Guan Jiahui asked happily.

"I bought shares of the Jianing Group." Luo Qihong said bluffingly.

"Is it the Jianing Company that spent nine months to make 9 million yuan from the Golden Gate Building?" Guan Jiahui asked ambiguously. Of course, she knew nothing about stocks.

"Yes! It's the Jianing Company." Luo Qihong said with a smile.

"How much do you expect to earn?" Guan Jiahui walked to Luo Qihong and said, pretending to give Luo Qihong a few massages.

"I can earn 20%, maybe 30% if it's higher." Luo Qihong answered perfunctorily. If he couldn't earn more, he would make up for it to Guan Jiahui himself. He didn't need such a little money anyway.

"20% is 6 yuan, and 30% is 9 yuan. It's quite profitable." Guan Jiahui said after mental calculation.

"Have those colleagues come to see me again?" Luo Qihong suddenly thought of Yan Leduo, so he asked.

Guan Jiahui pursed her lips and thought for a moment before saying, "Yes, that boss Yan came to see you twice, and I helped you reject him both times, saying that you were trying to sell your shop and didn't have time to discuss anything with him."

Luo Qihong found it funny and asked, "What was his reaction?"

"What was his reaction?" Guan Jiahui thought carefully and said, "He seemed to be stunned for more than ten seconds the first time, and the second time he said he could renegotiate the terms with you. I think that Boss Yan is too cunning, and I was in a hurry to go shopping with my friends, so I didn't pay attention."

"Do you think he will have something good to take care of you? Am I delaying your business?"

Luo Qihong laughed jokingly, "What's so good about this old guy? If he has good stuff, why doesn't he hide it? He's just trying to trick you into contacting me, and he's also trying to trick me, so talk to him as soon as possible to reduce everyone's losses."

"The North Point real estate market is in a mess right now. Fenggui Development is struggling to survive, and Yan Leduo and his team are also having a hard time. We are the only ones who are taking it easy. Do you think they wouldn't be jealous? Especially after you told them that I was hyping up the shop, they might be even more angry."

"Shouldn't I mention your business of flipping shops?" Guan Jiahui curled her lips, thinking that Luo Qihong was blaming her.

"It's not that I shouldn't mention it. It's that no matter what, they want to drag me down and not let me live a good life alone." Luo Qihong continued, "They think we are in the same industry, why should I live better than them, and the cause of this incident was me."

The world has always been 'not worried about scarcity, but about inequality', and this applies to everyone.

"What should we do? Should we continue?" Guan Jiahui asked.

"In fact, Yan Leduo can make peace with Fenggui Development Company. As for us, it's just a small shop. How many orders can you do by yourself? They just want everyone to be the same and don't want our business to be too good. In fact, we don't make more money than them." Luo Qihong continued, "It's up to you to decide whether to continue. If you don't want to do it anymore, just adjust the price back."

"Won't our business be divided up by them?" Guan Jiahui looked unwilling.

(End of this chapter)