Mixed in 1980

Chapter 359 The Rose Garden Project

"Is my house lacking buyers?"

Chen Fan looked at Shen Bi and sneered slightly: "I've always believed in one principle in Hong Kong: whoever makes me uncomfortable, I'll make them uncomfortable too."

He then turned his gaze to Yu Jing: "Take off your necklace!"

Yu Jing was puzzled, but she still took off the necklace and handed it over. It was a ruby ​​necklace that she had bought at an auction for HK$200 million.

Chen Fan held the necklace and smiled at Xia Laili: "Mr. Xia, if you're rich and powerful, you must show the courage to back it up, otherwise you'll easily be crushed."

How much do you think this necklace is worth?

Upon hearing this, Xia Laili was stunned, but quickly realized that if he didn't bleed money today to appease Chen Fan, he would likely face retaliation tomorrow.

He gritted his teeth and said in a deep voice, "The rubies set in this necklace are of extremely high quality. At the current market price, they should be worth 1000 million Hong Kong dollars."

Chen Fan slightly raised the corners of his mouth: "Mr. Xia, that's too conservative. The jewelry market is booming right now, with extremely high investment value. Good rubies are even rarer. Doubling the price would be reasonable."

Xia Laili clenched his fist secretly: "Mr. Chen, you are right. Investing in rubies is indeed very worthwhile. President Yu, are you willing to part with them?"

Chen Fan handed the necklace to Yu Jing, who suppressed a laugh and handed it back to him, saying, "Since Mr. Xia likes it, I have no choice but to part with it."

"Thank you, Mr. Yu!"

Xia Laili's heart was bleeding, but he smiled and took out his checkbook, writing Yu Jing a check for HK$2000 on the spot: "Please keep this!"

Yu Jing suppressed a laugh and happily accepted the check, then heard Chen Fan's voice again: "This month, I won't be giving you a bonus."

It means you can keep the money yourself!

Yu Jing was naturally happy. For a high-level executive like her, the year-end bonus was the main source of income, and the monthly bonus was only a small amount.
Today was a pleasant surprise, thank you, Third Brother!
As for Xia Laili, having lost face, he couldn't stay any longer and hurriedly left, making an excuse that he needed to put the "precious ruby ​​necklace" into a safe.

Shen Bi and He Litai were somewhat disappointed.

If Chen Fan were to sell 1000 properties at a premium, he could easily speculate on real estate tomorrow and quickly drive up prices. Unfortunately, Chen Fan didn't take the bait, and there was nothing anyone could do about it.

The two were not surprised. Since 1984, everyone had known that Chen Fan was narrow-minded and that making money was far less important than fighting.

After a moment's hesitation, He Litai spoke again: "Mr. Chen, if Mr. Xia has sufficient funds, are you really planning to sell all the second-hand houses?"

"Of course!" Chen Fan smiled.

He Litai glanced at Shen Bi and asked again, "What if we're willing to take it?"

Chen Fan narrowed his eyes slightly: "Mr. He, if you want to buy, I'm naturally welcome. It doesn't matter who you sell to, but please don't make fun of me."

He Litai nodded slightly: "Mr. Chen, as you know, the required funds are too large, and we need to go back and study it."

"No problem!" Chen Fan said with a smile.

After exchanging a few more pleasantries, He Litai and Shen Bi took their leave. Only then did Old Huo ask, "Do you think they will buy it?"

"It's hard to say!" Chen Fan shook his head slightly.

9300 properties may seem like a lot, worth over HK$200 billion, but considering the current size of the property market, it's not a large number, equivalent to about US$30 billion.

In the previous life, in 95 alone, British capital entered the market at a rate of 800-1000 billion pounds, which, based on the exchange rate of that life, was roughly 1500 billion US dollars.

There will only be more now!

In their previous lives, British-owned companies owned a large amount of land, but now Chen Fan has seized two-thirds of it. To take away enough profits, they must purchase more properties.

"If you really want to buy, will you sell?" Old Huo asked again.

The secondhand market was a tactic Chen Fan used to lower prices. Once it was acquired in a package deal, without this leverage, international speculators could easily drive up the prices.

Chen Fan slightly raised the corners of his mouth: "If they dare to buy, I dare to sell. After selling the second-hand houses, I will sell the houses in Yuen Long and Tuen Mun."

"You're really sly!" Old Huo laughed.

Yuen Long and Tuen Mun are suburban areas, where prices are naturally lower. Chen Fan owns four communities in these two areas, all of which are large communities of over 200 acres.

Old Huo even went to see it. They were all small apartments of 20-30 square meters, with more than 300 units in each building, and 40 buildings in one community.

Disrupting the market with low-end, low-priced housing will definitely dampen the enthusiasm of international speculators and deplete the purchasing power of those they see as "victims."

He lit a cigarette and was about to say something when he saw someone else approaching. Old Huo sneered, "You really are a big shot. They're here to see you again."

He is Huang Dazhi, the head of Sino Land.

After shaking hands, Huang Dazhi sat down and said, "Mr. Chen, as far as I know, Xinghuo Investment has a lot of land, but it has not been developed. Have you considered selling it?"

Chen Fan shook his head slightly: "With the housing market rising now, the situation is very clear. Selling land now is not a wise move."

"What about the premium?" Huang Dazhi rubbed his fingers together lightly.

Chen Fan shook his head slightly: "Unless you offer a price that tempts me, given the current housing market, Mr. Huang may not be willing to pay such a price."

Land prices in Hong Kong are higher than housing prices.

Unlike the mainland, where land supply is abundant and land prices per unit have always been lower than housing prices, Hong Kong is the opposite, with land premiums being very high.

Chen Fan's intention to sell the land is not based on the current price with a premium, but rather on the price a year from now, with a premium added on top.

To put it bluntly, it's far above supermarket prices. Huang Dazhi smiled and said, "Our group is very optimistic about the future of Hong Kong. If Mr. Chen is interested in selling, we can connect our two companies another day."

"Mr. Huang, you can make an appointment with General Manager Yu!"

Chen Fan tapped the armrest lightly and pondered, "As long as the price is right, Xinghuo Investment will sell most of the land it holds."

Zeng Ali and Zhao Yuanyuan were surrounded by a lot of people, all of whom were female relatives of real estate developers, and they showered them with compliments.

On one hand, they are Chen Fan's wives.

On the other hand, they are the standard strong women in people's eyes. Whether it is Lululemon or Luoshen, they are top brands in the luxury goods field.

When the women get together, they talk about jewelry, skincare, and so on. Some even brag about their husbands' or their own families, and there's no shortage of comparisons.

Many people also come with a specific purpose.

When the conversation was steered toward the housing market from time to time, Zeng Ali casually replied, "Rising housing prices are a good thing, but they can't rise too fast, or they'll easily collapse."

These words represent Chen Fan's attitude!

After the party, this statement quickly spread among major real estate developers, essentially setting the tone for the housing market.

No one would doubt the weight of this statement.

Ordinary consumers may not know, but those in the industry understand that Chen Fan may not be able to control prices indefinitely, but he can prevent house prices from rising for several years.

Hong Kong is a small place after all!

Chen Fan isn't crazy; he wouldn't deliberately suppress housing prices, as that would be the biggest loss for him.

Raising prices gradually and maximizing cash out is in Chen Fan's best interest and acceptable to everyone. If Chen Fan wants to stifle housing prices, everyone should consider getting rid of him.

Destroying someone's financial path is like killing one's parents!
"Chen Fan's approach is causing the housing market to struggle to rise, which is not good for us!"

In the presidential suite of the Peninsula Hotel, a group of British people gathered together. Shen Bi spoke up: "Acquiring and speculating on prices this year, and then selling at the peak next year, is in our best interest."

He Litai nodded slightly: "That's true, but it's also an opportunity for us to continue acquiring more properties at low prices."

"I think we should buy the secondhand houses that Chen Fan owns!"

"The price isn't high. After we acquire it, we can prevent Chen Fan from causing trouble and accelerating the rise in housing prices. After a year, we'll have at least a 50% profit."

Shen Bi pondered for a moment: "I'm afraid it won't be that simple. Chen Fan has already made his stance clear, so housing prices can only rise slowly."

A gradual increase in prices, leading to profits, will attract more participants, which is most beneficial for Chen Fan, but something the British are unwilling to see.

Before 1997, you must cash out and leave the market!

He Litai disagreed: "When market sentiment rises, many things will get out of control. As the chips decrease, Chen Fan's control over the real estate market will weaken."

“We need to acquire real estate anyway. What difference does it make whose property we buy? Buying Chen Fan’s property and weakening his control is the most advantageous option.”

"Only 9300 secondhand homes!"

For British Capital, which is making a major foray into the market, 9300 properties are indeed not many, and the investment budget of more than 3 billion US dollars is less than a month's worth.

Shen Bi pondered for a moment, then looked at everyone: "What are your thoughts?"

Everyone chimed in with their opinions, and virtually no one objected, except for Peng Dingkang, whose face turned ashen and who was extremely disgusted with the strategy.

Chen Fan made money!

Future housing prices will rise. It may seem that Chen Fan is at a disadvantage, but those who can cash out are the real winners. Hong Kong's property market will collapse sooner or later.

He hoped that Chen Fan would hold onto the house before the collapse.

Unfortunately, Chen Fan's shrewdness far exceeded his expectations. Just as the real estate market was recovering, he couldn't wait to sell his properties and became one of the first to flee.

"If we can't deal with Chen Fan, then we'll just turn Hong Kong into a complete mess!"

Gritting his teeth, Peng Dingkang, as a politician, stopped dwelling on personal grudges and said, "Then we'll intensify our efforts to acquire real estate and drive up prices in the second half of the year."

"The Rose Garden project must be launched this year. It will have a significant impact on driving up housing prices, and everyone can use it for speculation."

"It could at least cause housing prices to rise significantly!"

The Rose Garden project involves building a new international airport and comprehensive supporting facilities in Chek Lap Kok and Lantau Island, with a total investment of HK$1247 billion.

The British did not propose this plan for the development or construction of Hong Kong. Their purpose was very simple: to make money and to spend money.

With such a massive project, wouldn't it be easy for the British to make money?
As for spending money, the reason is simple: to spend all of Hong Kong's fiscal funds so that after 1997, they would leave an empty shell for the Chinese people.

When they withdraw from Hong Kong in 1997, they can leave gracefully from the new airport and leave a bunch of messes for China.

What a great plan!
Unfortunately, the mainland authorities saw through the plan, and construction, which was originally scheduled to begin in 1992, was delayed until this year before any possibility of starting construction was seen.

It definitely couldn't be completed by 1997.

Pengdingkang is vigorously promoting this plan, and once construction begins, it can be widely publicized, as a brand-new airport can drive the development of the entire region.

Housing prices are bound to rise!

PS: The first update is here~
(End of this chapter)