Chapter 272 The Embryo of the Real Estate Industry

Shi Hui would definitely not come to the temple for no reason, so Wang Yuanchao did not beat around the bush and said:

"Is it convenient to talk on the phone? If not, how about the Peninsula Hotel?"

Shi Huidao:
"I would like to invite you to our home. Would you please come and visit us?"

"When?"

"It depends on your time! Of course, the sooner the better."

Wang Yuanchao thought for a moment and said:

"How about tomorrow night?"

Because he has an appointment tonight.

Shi Hui got the answer she wanted and said with satisfaction:

"Then tomorrow night, your uncle Fu Qi and I will prepare a welcome for you!"

After hanging up the phone, Wang Yuanchao stood up and stretched his body, doing a few moves of the Five Animal Exercises to stretch his muscles. He had just finished and had not yet returned to his seat when there was a knock on the door.

"Enter!"

The door opened and in came Dai Jianong, who was specifically responsible for helping Wang Yuanchao acquire real estate and land.

The agent who originally sold Qi'ai Building to him later helped him buy a lot of houses. Later, when he wanted to buy a building and land, he directly recruited him to help.

The horse racing ticket agency sales outlets and the shops around the sales outlets were basically all managed by Dai Jianong.

"Boss, we have found another building. Do you think it would be convenient for you to come and take a look? The agent said that the big businessman Li Chaoren is also quite interested in it!"

With a steady stream of cash from newspapers, radio stations, horse racing tickets and Deep Blue, Wang Yuanchao was able to continue buying and buying in Hong Kong's land and housing markets.

In addition to him, the little crocodile in the market, Li Ka-shing, Guo Desheng (Sun Hung Kai), Li Ka-shing (Cheung Kong Holdings) and others all did the same thing without exception: buying buildings and land at the bottom.

There are too many wealthy people running around, especially European and American capital and Southeast Asian funds, which are running very quickly and without any delay. Houses and lands at 20% to 30% off can be seen almost everywhere in the market.

Wang Yuanchao also set up a real estate company, Pacific Industries, for this purpose.

Specially used for bottom fishing.

Pacific Industrial, its business covers:

Real estate investment - good land and real estate need to be acquired, but there is no development business yet. Dai Jianong is in charge of this business and is considered a department manager.

Decoration business - after the residential property is acquired, it will be renovated and rented out, and there will be a certain decoration premium. There are also some shops that are being decorated. Now it is under the charge of the construction team of Zhou Qibang's wife and Tan Yueqing's family. Wang Yuanchao has also arranged a number of people to follow the work. Qiu Dahai's cousin, Xiao Qi, is in charge. He needs to have his own people.

This business will definitely be transitioned to development business and property service business in the future.

Anyway, Xiao Qi can learn it, so Wang Yuanchao doesn't mind giving him a bright future.

Leasing business - renting out houses, factories, shops, etc. Once you buy a property, you can't just leave it there, it has to generate benefits.

The three female workers who escaped from the human traffickers' den with Wang Yuanchao were all transferred to this department.

In Shenlan, they are responsible for quality inspection and already have people under them, so when they are transferred here, they don’t need to face the customers in person. They just need to manage the sales staff and intermediary resources under them.

It is equivalent to three regional sales managers. Whoever does the best will be in charge of coordinating this business.

Financing department - absorbs funds from employees of various units under it.

As long as the employees are willing to trust him, Wang Yuanchao is still willing to make some money with his employees, which can not only unite people but also provide more sources of funds.

Shen Yue is in charge of this.

After she took over Shi Zhen's position, she was responsible for Shenlan's human resources and cashiering. Later, Shenlan established its own trade union to raise funds, and she was the undisputed person in charge.

As for financial management, he didn't need to worry about it, as his boss Wang Yuanchao had arranged it all.

Wang Yuanchao carefully trained and gave opportunities to the people who followed him.

The current situation is gradually stabilizing. Although not many people are buying houses, the demand for renting has always existed, and the rental-to-income ratio is very considerable.

Wang Yuanchao didn't have any special requirements. He just wanted the land to be big, cheap, and with clear property rights. He would go to the site to take a look. His employees also found that as long as it was land and a house, the boss thought it was cheap...

How could Wang Yuanchao not feel that it was a bargain?
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In 1959, the average price of urban land auctioned by the Hong Kong government was: HK$104.85 per square meter for industrial land; HK$1668.44 for non-industrial land such as commercial buildings, office buildings, and casinos; and HK$164.75 for residential land.

By 1980, the prices of these three types of auctioned land were RMB 29549.03, RMB 124379.06 and RMB 13728.30 respectively.

The increases were 280.8 times, 73.5 times and 82.2 times respectively.

——The above content is excerpted from "The Complete Biography of Li Chaoren"
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Wang Yuanchao may not know these words, but it is right to buy at the bottom now.

So he didn't even go back to his seat, and said directly:

"Let's go and have a look!"

Regardless of whether it was true that Li Chaoren also had his eyes on this building, he could always see Li Chaoren's investment vision by going over to take a look.

The building is located in Chai Wan, with 17 floors and each floor covering more than 300 square feet. It was originally a gathering place for textile factories. Not to mention the buildings, the land alone cost million Hong Kong dollars!
Of course, the overall price is also very attractive, 500 million!
There are still several textile factories in production in the building, and there are also several empty floors waiting for a wise owner.

There are so many companies in operation in the building, are there no companies willing to buy it? Many companies are capable! The textile industry is also the main industry in Hong Kong.

But no one was willing to purchase the factory.

They would rather pay some rent.

After all, if the house is lost, how much will it cost? If the rent is lost, how much will it cost?

Wang Yuanchao was very pleased with their blindness.

As for the big boss Li Chaoren who also came to acquire the company, people from Cheung Kong Holdings did come to take a look, but after learning that Pacific Holdings (Wang Yuanchao's company) had set its sights on this place, the other party quietly put the project aside.

Of course, Wang Yuanchao only found out about this afterwards.

In the eyes of Cheung Kong Holdings, Hong Kong is full of discounted properties, and you can pick and choose at will. Why should you pay a premium to compete with others?

In fact, this was also Wang Yuanchao’s original intention, but he just wanted to see the boss’s opinion.

After looking at the house, Wang Yuanchao felt that he could go ahead with it, but the price should be lowered a little more. This would be a buyer's market and bargaining was his natural instinct.

After Dai Jianong obtained authorization and approval from his boss, he began to follow up on the next step of acquisition negotiations.

For example, this building is priced at 500 million. For every 10 yuan reduction in price, Dai Jianong's acquisition team can receive a reward of yuan, which is % of the amount.

If you bargain down to 10 yuan, you will get a reward of yuan, which is very attractive.

As for the initial price, Wang Yuanchao has a scale in his mind. Not only will he inspect the site personally, he will also arrange for other people to inquire about the situation of the building through other channels if he feels it is necessary.
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After finalizing the work here, he went to meet Letty.

Although he had been back for several days, he was busy with affairs, such as inspecting various industries under his control, maintaining various personal connections, and accompanying his beloved eldest son Wang Xiao. Moreover, there was no shortage of women around him. In addition, he was not the major shareholder or the person in charge of Victoria's industry, so he had never taken the initiative to contact Lydia.

However, Lydia has always been paying attention to his radio station and newspaper, because they have cooperated before and the results were very good.

Last year, Wang Yuanchao began to help her plan how to maintain the popularity of Lydia Lotte herself in newspapers and on the radio, and to pave the way for Lydia Lotte's movie. All that publicity was done in a series to whet people's appetite.

Newspapers even publish one or two wonderful stills from time to time!

This is much more exciting than the dry advertisements in other newspapers.

Especially the last photo of Lotti in white cheongsam, she looked elegant, with a slender figure, and was so beautiful.

After watching the movie, the major shareholder Tan Yueqing also liked it very much, which led Victoria to quickly open a sub-brand "Night Rose" specializing in Chinese cheongsam.

"Long Live the Madam", which opened on January 1, had a box office of over a million thanks to advance coverage on radio and newspapers and subsequent review feedback!

[If you have watched TVB's "Phoenix Quartet", the third episode is a plagiarized plot of "Long Live the Madam". The film tells the story of the director of the public relations department of the Queen's Hotel who is old-fashioned and does not allow his wife to go out to work. The wife disguises herself to apply for a job, and because of her versatility and outstanding ability, she becomes her husband's boss, which leads to a modern fashion light comedy.]

It is the top-grossing film at the box office so far this year.

Compared with last year's box office of "One-Armed Swordsman" of 129 million, it is only 40 short of that.

Originally, Lydia Lo wanted to wait for Wang Yuanchao to return before releasing the film, but the producer was Cathay Pictures (Dianmao), and she had no say in the matter.

Wang Yuanchao heard this and said with regret:
"If I were in charge, the sales would have to be at least one million! The difference in significance between 89 and 100 million is huge."

After hearing this, Letty was not sad, but comforted her:

"Nine out of ten things in this world go wrong. When my own company's movie is shot, I will definitely do as you say!"

Although her previous films had good reputations, the highest box office was actually achieved by the film "Long Live the Madam", which received mixed reviews.

Fashion films are not her forte. She is a classical beauty!
Therefore, she had full faith in Wang Yuanchao's abilities.

She invites newspapers to interview her from time to time, or goes to Commercial Radio for interviews. She is almost one of the female stars who speaks most frequently on Commercial Radio.

Everyone just thought that this movie star was doing her best for her career.

Little did people know that it was precisely because of this high-frequency cooperation that Lydia knew about it soon after Wang Yuanchao returned.

She waited patiently at first. Wang Sheng should come looking for her on his own initiative, right?
As a result, half a month has passed and there is still no movement.

She couldn't hold back any longer, so she took the initiative to call Wang Yuanchao to inquire about Victoria's sub-brand "Night Rose".

She didn't even dare to mention the relationship between the two, for fear of being ridiculed. After all, she was much older than Wang Sheng, and was divorced with a daughter. Wang Sheng, on the other hand, was young, had a lot of property, and was a true bachelor.

But, before that, Wang Sheng...

Alas, she didn’t know whether she really couldn’t survive without love.

I've started suffering from insomnia again recently.

Fortunately, as soon as Wang Yuanchao received her call, he agreed to meet without thinking.

And what Letty had arranged beforehand was a little cautious, a dinner at the Peninsula Hotel.

What she wore was the white cheongsam that was said to be the most beautiful in the whole play.

Her simple and elegant beauty made Wang Yuanchao jealous.

(End of this chapter)