We are all reborn, who wants to be the richest man?

It was the twenty-fourth day of the twelfth lunar month. Luo Nianzhong did not go to the group today, and even Chris took a rare day off for himself.

Today is the Little New Year in the south, and the whole family must get together.

But why does Luo Nianzhong feel so lonely on this day when the family is reunited?

After lunch, the whole family left home, leaving Luo Nianzhong alone, with only a few old dogs lying on the carpet to keep him company.

"Rowe, Ron."

The two Rottweilers that were originally dozing on the carpet suddenly opened their eyes and stood up, wagging their thick tails and looking at their owner in a flattering manner.

"Come".

He patted the sofa beside him, and the two dogs understood what he meant and jumped onto the sofa, one on each side, and lay down beside Luo Nianzhong.

Touching the fur of the two dogs, Luo Nianzhong sighed, "No wonder people say people are not as good as dogs."

While stroking the two obedient dogs and watching the programs on ATV's financial channel on TV, Luo Nianzhong couldn't help but frown.

“According to our reporter, the price of second-hand houses in North Shore Garden has risen by 17% since December.

The overall housing prices in Hong Kong Island have risen by 11%, a large increase that has aroused the concern of citizens."

Starting from December, in less than three months, the overall housing prices in Hong Kong Island increased by 11%?

Luo Nianzhong doesn't pay much attention to real estate and doesn't really know about such things.

The problem is that Newbijian and others didn't tell me? Such a dramatic increase is not a small matter.

After thinking about it, Luo Nianzhong picked up the phone on the table and decided to ask for clarification.

The call was connected quickly, and the other end's environment was a bit messy.

Luo Nianzhong remembered that Niubijian was on vacation at that time, and it seemed that the whole family went to Hokkaido to ski today.

"How was the game?"

"Not bad, the service at Far East Culture and Tourism's resort is very good, and there are many facilities and entertainment activities."

Luo Nianzhong was silent for a moment, because he didn't know that Far East Culture Tourism had invested in and built a holiday villa in Hokkaido.

But this is normal. After Far East Culture and Tourism went public and raised funds, it built many such holiday villas around the world.

This part is mainly aimed at high-end tourists of travel agencies. These people are money, and with such good resource channels as travel agencies, it would be a waste not to make money.

"Then I'll go to Hokkaido when I have time, and experience it for myself."

After chatting for a while, Luo Nianzhong got back to the point.

"By the way, I saw on TV that the overall housing price increase in Hong Kong Island has reached 11% recently? Did you know about this?"

"I know. There will be such a wave at the end of every year and in December, but it is not as severe as this year, with an increase of more than 10%."

"Every year?" Luo Nianzhong was surprised. "Tell me in detail."

"That's right."

After chatting for half an hour, Luo Nianzhong finally understood the whole story.

In fact, it is very simple. There is only one problem, that is, there is too much money to burn.

From the rise of the Far East Group, to the introduction of Hong Kong’s immigration policy, and then to the transformation of Hong Kong’s enterprises.

Over the years, workers in Hong Kong have basically been divided into three factions.

One group is high-paid scientific and technological talents. Whether they are immigrants attracted by immigration policies or the high value-added technology route that Hong Kong companies are currently taking, they all have high salaries.

The second category is the service industry. Due to education problems, the older generation of Hong Kong residents cannot have a good level of education.

However, the service industry in Hong Kong Island, especially the tourism industry, has developed so rapidly in recent years that each of them has become quite wealthy.

The last category is government officials, corporate white-collar workers, etc.

This type of people live a nine-to-five life. Although their salary is not as high as that of the first two categories, the Hong Kong government has basically increased their salaries every year in recent years, regardless of how much they earn, and has raised the minimum wage standard in Hong Kong Island.

This has resulted in these people reaching middle-class levels despite having average salaries.

In other words, as long as these people want to save money, they can save money.

If you have money, you must invest it. You can't just keep it in the bank and let it depreciate.

Some of the money was used in the stock market, some was used in futures, and some was invested in real industries, such as doing small business with friends.

The rest of the money went into real estate.

No matter how well the New Territories are developed, and no matter how much land has been added by land reclamation in Hong Kong Island over the years, one thing that cannot be changed is that the land area is so large.

That’s not all. In such a large area, there are even fewer good housing estates.

Housing is a basic need, this is not just talk.

While they have money now, they all hope to buy a house for their children to use when they get married in the future. This has led to a small amount of hot money flowing into real estate.

As mentioned before, Hong Kong citizens are now rich, especially the older Hong Kong citizens. They do not think like the young people. They think that since they have money, they should buy a good house.

As a result, the housing prices in those popular housing estates started to rise first, and then the housing prices of some ordinary housing estates followed suit.

Seeing such results, some of the former real estate speculation groups have come back to life.

The stock market is good, but it is not as stable as housing because the housing prices in Hong Kong Island are lower than those in cities of the same level like New York and Tokyo.

This shows that housing prices in Hong Kong Island have been hitting rock bottom and there is no bubble to speak of.

With the current real estate price growing at around 5% per year, it will triple in ten years. This is already a very good investment project.

As a result, some revived real estate speculation groups entered the market, further pushing up housing prices in Hong Kong Island.

When other people saw this, they realized that the returns from investing in real estate were not much different from those from investing in stocks, so the situation we see now became what it is today.

“Why does the surge start in December every year?”

"Because the year-end bonuses have started to be distributed, Hong Kong citizens suddenly have a large amount of money in their hands and they don’t know how to spend it."

Luo Nianzhong felt that he had asked a very stupid question. Due to the diverse culture of China and the West, Hong Kong Island has, the year-end bonus is not paid out before the Spring Festival, but before Christmas.

Of course, this varies from company to company, but this situation generally occurs in companies with a large number of Western employees.

I remember that in the first few years after Far East was founded, Luo Nianzhong also distributed year-end bonuses before the Spring Festival.

Later, John Baibo came to the group and corrected Luo Nianzhong.

Because many Far Eastern employees in Europe and the United States actually have the habit of using credit cards to go home for the holidays, this problem is caused by Luo Nianzhong's time for distributing year-end bonuses.

Because they are celebrating Christmas, not the Chinese New Year.

"Okay, I get it, have fun."

This incident needs to serve as a warning, otherwise the real estate speculation group that has been finally defeated will surely come back to life, and Hong Kong people will blindly follow suit.

But there is no rush for this matter, it is not a big deal. The most important thing for him now is to welcome his little ancestors.

He had already seen the scene of the Luo family's convoy returning, so he hung up the phone.