Hong Kong variety show: Building a century-old family, starting with Hung Hing

What does this mean? It means that the cash flow of our real estate industry may be affected, and the land market will also be impacted.

Everyone nodded, realizing the seriousness of the problem. "Then, Mr. Jiang, what should we do?" another executive asked.

"We need to accelerate development and make all the necessary arrangements before the market changes."

"We can't wait until the market cools down before we realize what's happening," Jiang Tiansheng said.

After the meeting, Jiang Tiansheng began to pay attention to the stock market again.

At this time, he noticed the news that Jide Real Estate Company had been sold by Haofeng Real Estate Company.

The market value of Jide Real Estate has increased from 6888 million yuan to 1.17 million yuan.

Jiang Tiansheng called his assistant over, "Jide Real Estate's market value has increased so much, yet Haofeng Real Estate has chosen to sell. What do you think?"

.........

The assistant thought for a moment, "Mr. Jiang, the market value has increased. Wouldn't we make a profit if we sold now?"

Jiang Tiansheng shook his head. "It's not that simple. This high stock price is hard to maintain, and selling now is not a good idea."

I suspect the Lin Zuhui family has other considerations behind this, perhaps related to Hongkong Land's acquisition of Hongkong Electric Company.

The assistant suddenly realized, "President Jiang, what should we do with the Jide Real Estate shares held by Zhao'an Real Estate?"

.........

"If they sell, we'll sell too. At the current stock price, we can make a profit of over 700 million yuan by selling."

"It's better to have the money in my pocket than to keep it and risk it," Jiang Tiansheng decided decisively.

After finishing his company business, Jiang Tiansheng returned home. His family sat around in the living room, and Jiang Tiansheng began by saying:

"Mom and Dad, I'm planning to move to a new house, a luxury house in the hillside."

Lin Ya exclaimed in surprise, "Tiansheng, a luxury mansion in the hillside, how expensive must that be!"

Jiang Tiansheng explained with a smile: "Mom, it is a bit expensive, but it is not only an improvement in living environment, but also an investment."

"Houses in the hillside will definitely appreciate in value in the future."

Luo Zegui hesitated, "Tiansheng, although investing is a good thing, but this price..."

“Dad, I’ve found a residential unit in Ulsan Garden that I like. I’ve talked to real estate agent Sun Zhigang. He initially asked for a high price, but after some bargaining, I managed to get the price down to 200 million yuan.”

"This price is quite reasonable for a place in the mid-mountain area," Jiang Tiansheng said.

Lin Ya still found it unbelievable, "200 million yuan, that's no small amount."

Jiang Tiansheng patiently said, "Mom and Dad, think about it. If we spend 200 million yuan to buy it now, it might double in value in a few years."

Moreover, moving in will improve your quality of life.

After listening to Jiang Tiansheng's explanation, Luo Zegui and Lin Ya began to seriously consider the cost-effectiveness of the house.

At this moment, Luo Qixing walked over and said, "President Jiang, I also want to sell my house in North Point and move to Sai Sai Lake to buy a luxury house."

Jiang Tiansheng looked at Luo Qixing and said, "Qixing, don't rush to sell the house in North Corner. Let's talk about it at the end of the year."

I plan to use the house in Ulsan Garden as my family's residence first, and then buy a villa when conditions are better.

"Once we buy the villa, this house in Ulsan Garden will be yours."

Luo Qixing quickly waved his hand, "President Jiang, this won't do. I still owe the company money, how can I accept something so valuable?"

Jiang Tiansheng smiled and said, "Qi Xing, listen to me. This house isn't just for you; it's mainly for your parents' safety."

The environment and security are better in the hillside area, making it more convenient for you to pick up and drop off your parents in the future.

Luo Qixing still hesitated, "President Jiang, this is too much of an expense, I..."

"Don't refuse, Qi Xing. You've worked so hard for the company, so please accept this small token of your appreciation. You can pay me back when you make money later," Jiang Tiansheng said.

Luo Qixing pondered for a moment, then finally nodded, "Okay, Mr. Jiang, I'll accept it for now. I'll definitely repay you when I'm able to."

Jiang Tiansheng continued, "In addition, I also plan to buy you a car specifically for picking up and dropping off your parents."

This is more convenient and safer.

Luo Qixing said gratefully, "Thank you, General Manager Jiang, you've thought of everything."

With the assistance of real estate agent Sun Zhigang, Jiang Tiansheng paid the full amount for the luxury house.

He and Luo Qixing arrived at the signing area together.

“Mr. Jiang, Mr. Luo, all the formalities are ready, we can sign the contract now,” Sun Zhigang said.

Jiang Tiansheng and Luo Qixing successfully completed the signing. Luo Qixing held the keys, his heart filled with emotion.

That evening, the family sat around in the living room. Luo Qixing said, "Mom and Dad, I'm thinking of selling our house in North Point at the end of the year and moving to the Mid-Levels."

Upon hearing this, Lin Ya immediately objected, "Qi Xing, that won't do. If Tian Sheng gets married in the future, you'll be living in the mountainous area, unfamiliar with the place and people. You'll suffer a lot."

Luo Zegui nodded, "Yes, Qi Xing, this matter needs to be carefully considered."

Seeing this, Jiang Tiansheng quickly changed the subject, "Mom and Dad, let's not talk about this anymore. Let's talk about moving."

Lin Ya said, "If we're moving, we can just bring some of our belongings with us, and buy the rest when we get to the new house."

Jiang Tiansheng brought up the matter of buying a car again, "Mom and Dad, I plan to buy Qixing a car so it will be more convenient for him to pick you up and drop you off."

Lin Ya: "Buying a car will cost a lot of money, it's not necessary."

Jiang Tiansheng explained, "Mom, this not only makes it easier to pick you up and drop you off, but it also helps Qixing's business."

Besides, he's reached the age where he should settle down, and owning a car would make him look more respectable.

Luo Zegui and Lin Ya exchanged a glance and finally agreed. "Alright, then it's your decision..." Luo Zegui said.

Lin Ya then began to busy herself inside the house, organizing items that could be moved to the hillside.

On the other side, Jiang Tiansheng's girlfriend, Guan Jiahui, excitedly said upon learning that he was moving to the Mid-Levels:

"Tiansheng, I heard you're moving to the Mid-Levels area. I'd like to move there too."

Jiang Tiansheng said helplessly, "Jiahui, the house I bought is for my family to live in, and I don't have any extra funds to buy another one now."

Guan Jiahui said coquettishly, "Then rent one to me, I just want to live closer to you."

Jiang Tiansheng couldn't refuse, so he had to agree, "Alright, I'll rent you a luxury apartment in Jia Hui Garden."

At Zhao'an Real Estate Company, Jiang Tiansheng was busy when his phone suddenly rang. It was Bai Jinyan calling.

"President Jiang, after selling the shares of Jide Real Estate Company, we recovered 1234.58 million yuan and made a profit of 856.23 million yuan," Bai Jinyan reported.

Upon hearing this, Jiang Tiansheng's spirits lifted. "Excellent. I plan to use this money to invest 2.6 times in the stock of Xiangjiang Electric Light Company. How much leverage can you provide?"

Bai Jinyan replied, "President Jiang, we can only offer 5x leverage at the moment."

After a moment's thought, Jiang Tiansheng said, "Okay, five times it is. I hope to make a profit of 40 million yuan from this investment, which I will use to buy a small building in Central and increase the company's market value."

Just as Bai Jinyan left, Director Chen Zhilong walked into the office. "President Jiang, I have some good news."

The owner of the On Lok Yuen Building on Dennow Road Central wants to put it on the market. The location is unbeatable, but the asking price is HK$2 million, which is higher than the market value of our Chiu On Properties.”

Jiang Tiansheng had some doubts about Chen Zhilong's motives, but the value of the Anleyuan Building was indeed tempting.

"Director Chen, this price isn't low. Are you sure this is a good opportunity?"

Chen Zhilong quickly said, "President Jiang, the Anleyuan Building has an excellent location and excellent surrounding amenities."

"If we can acquire it, sell some of our existing properties, and take out a loan, Zhaoan Real Estate will own two high-quality commercial buildings. The future development potential is limitless!"

Jiang Tiansheng thought for a moment and said, "Okay, you go and talk to the homeowner first and see if you can lower the price."

At the same time, let's compile information on the company's properties available for sale and then take a closer look.

"Okay, Mr. Jiang, I'll take care of it right away." Chen Zhilong said, then turned and left the office.

Jiang Tiansheng sat in his office at Zhaoan Real Estate Company, surrounded by piles of documents. He was weighing the weight of the major decision to acquire the Central Park Building.

After careful consideration, he concluded that concentrating on high-quality properties was key to enhancing the company's competitiveness.

This will not only reduce operating costs, but also likely boost the company's stock price. In the long run, it is expected to generate a huge profit of HK$2 million for Zhaoan Real Estate.

First, he planned to profit HK$4000 million from the acquisition of Hong Kong Electric Company.

With his keen market insight and meticulous planning, he firmly believes that this goal is not out of reach.

Meanwhile, the sale of some of its properties is expected to bring in HK$2000 million.

In this way, a total of HK$9200 million can be raised.

The company currently needs to repay HK$4500 million in loans for the Wanchai Deer Island Building. After repayment, there will still be HK$4700 million remaining, which is enough to pay the down payment for the Anleyuan Building.

Having considered this, Jiang Tiansheng made up his mind. He dialed Chen Zhilong's number.

"Director Chen, please come to my office."

A moment later, Chen Zhilong walked into the office. "President Jiang, you wanted to see me?"

Jiang Tiansheng pointed to the chair opposite him, gesturing for Chen Zhilong to sit down.

"Director Chen, after careful consideration, I have decided to accept your suggestion to acquire the On Lok Yuen Building in Central."

Chen Zhilong said excitedly, "President Jiang, this is absolutely a wise decision! So, what are we going to do next?"

Jiang Tiansheng said seriously, "I've assigned you to contact the owners of Anleyuan Building and handle the sale of their properties."

"Remember, we must take over the Anleyuan Building at minimal cost. Consider this a token of your loyalty."

Chen Zhilong quickly replied, "President Jiang, rest assured! I will do my utmost to secure the greatest benefit for the company."

I also hope to gain your trust and recognition through this opportunity.

Jiang Tiansheng looked at Chen Zhilong, and although he had some reservations about Chen's declaration of loyalty, he still said:

"As long as you are loyal and capable, I will certainly not treat you unfairly. I have given you the opportunity; now it's up to you to see how you perform."

Chen Zhilong nodded vigorously, "President Jiang, just you wait and see!"

After arranging Chen Zhilong's work, Jiang Tiansheng decided to check on the progress of the shopping mall renovation project in the Lishi Building, Grandview, Tsim Sha Tsui.

Upon arriving at the building, he saw Yang Mingkun directing two construction teams to work busily, creating a lively and bustling scene.

Upon seeing Jiang Tiansheng, Yang Mingkun hurriedly came forward to greet him, "President Jiang, you've arrived!"

"Look at the progress of this project; we're pushing it forward with all our might."