Chapter 1861: Bottom-fishing Xiangjiang Real Estate

Speaking of this matter, Zhou Andong began to ponder the 97 financial crisis and the collapse of Xiangjiang's property market.

The Xiangjiang government successively introduced policies to support the market, but it had no effect at all, and the property market continued to fall strongly.

Xiangjiang returned, the financial crisis broke out, and the real estate collapsed. This is definitely the best opportunity for Yuxi Real Estate to enter Xiangjiang.

Of course, Yuxi Real Estate going over is not to buy land and build buildings, but to bottom-fish Xiangjiang real estate.

You know, the profits of the Four Great Families of Xiangjiang real estate companies have never relied on selling buildings, but on the rent of self-held properties.

For example, in later generations, compared with the high turnover and emptiness of mainland real estate companies, Xiangjiang real estate companies are truly real estate companies.

Because every one of them holds real estate properties for a long time, they have long embarked on the landlord model, and just collecting rent is enough to live quite comfortably.

Taking the Four Great Families of real estate companies as an example, New World Development, which had the worst net profit in 2020, still achieved a profit of 900 million HKD.

Sun Hung Kai Properties, which had the highest net profit, fell by 7% year-on-year, but still made a huge profit of 24 billion HKD.

And Henderson Land, with revenue of 10 billion HKD, actually achieved a net profit of 6 billion HKD.

Low revenue and high profit rely on the rent of self-owned properties. When you stand on both sides of Victoria, most of the high-end office buildings you see have long-term owners—the Four Heavenly Kings of Xiangjiang Real Estate.

In addition to the anti-risk of self-held properties, the financial strategies of Xiangjiang real estate developers are also conservative to the point of being backward, and even mocked by mainland peers: too cowardly, too lacking in pattern.

But they rely on this to eat strong and healthy. Look at those so-called well-known real estate companies in the mainland, one after another exploding.

There is also a famous female billionaire. Her husband's family was the richest man in Xiangjiang in the 60s and 70s.

But it was so coincidental that not long after this woman married into a wealthy family, she caught up with the real estate bubble in 1982.

The husband's family investment failed, and the head of the family passed away due to illness not long after, leaving behind a large debt, causing the family to be close to bankruptcy.

This woman and her husband sold a large amount of land together to repay the debt, which barely saved the family business.

By 1995, this woman saw that real estate was hot and housing prices were soaring. As a family that was once a real estate tycoon, they were not moved.

Instead, they set their sights on the unattended parking spaces, because she discovered the current situation that Xiangjiang has less land and more people, but more and more people are buying cars.

So in 1995, when everyone was frantically flipping houses, she used the 60 million she raised to buy 180 parking spaces, which was questioned and ridiculed by everyone.

Fortunately, her husband strongly supported her behind her back, so she had no worries. Immediately after, Xiangjiang returned, the financial crisis broke out, real estate collapsed, and she raised funds again to purchase a large number of parking spaces.

Many people thought this woman was crazy. Houses were not valuable anymore, and she was still investing huge amounts of money to buy parking spaces.

However, what everyone didn't understand and was dumbfounded happened. The 1999 financial crisis ended.

The central government and Xiangjiang introduced many policies, the economy slowly recovered, and real estate still showed no signs of improvement, but parking spaces showed vitality.

After the millennium, the parking spaces in this woman's hands were already in short supply.

At first, they charged by the hour, and later by the month. In just over a year, the funds she invested were all recovered, and she even made a huge profit.

Immediately after, she went all-in again, using all her funds to buy parking spaces and built the largest parking lot in all of Xiangjiang.

At this time, the rent of some parking spaces had reached 100,000 HKD a year, but people were still scrambling to book them.

And a parking space in a prosperous area could even be exchanged for a luxury mansion.

At this time, those who questioned and ridiculed her all shut their mouths.

Later, this woman entered the Forbes Xiangjiang Rich List with a net worth of 3.3 billion US dollars, ranking 28th.

Just when Zhou Andong was pondering, Yuan Wanqi's voice came from the receiver.

"The layout for Sony can be completed in mid-May. When should we act?"

Zhou Andong said with a smile: "The little devils are in Jiangzhou. Before any real contact, they have already shown their arrogance, madness, pride, and prejudice to the fullest.

So, this so-called negotiation will definitely not be so pleasant, and they might even threaten me, so you can act after you have laid it out there."

"Then that's it."

Yuan Wanqi hung up the phone. Because Qu Yunzhe's legal team needed some time to come over, she didn't go over immediately, but was pondering Zhou Andong's words.

Entering the market to flip houses now and selling them before the return will definitely make a lot of money. If the real estate really collapses after the return, you can completely bottom-fish again.

After about half an hour, the office door was knocked, and Xiao Yunfang's voice came from outside.

"President Yuan, Mr. Qu's legal team has arrived."

Yuan Wanqi stood up and left the office: "Is the contract ready?"

"Ready!" Xiao Yunfang handed the document in her hand over.

Yuan Wanqi got it and flipped through it simply: "Let's go!"

It was just a share transaction, and it was all of them, not involving any messy things, so it was very simple.

Arriving at the reception room, Yuan Wanqi saw that besides Qu Yunzhe, there were five other people, two of whom were foreigners.

"Mr. Qu, this is the contract."

By this time, Yuan Wanqi didn't talk nonsense anymore and handed the contract directly to Qu Yunzhe.

"You guys take a look."

Qu Yunzhe didn't look, but handed it to a foreigner.

That foreigner took it and started studying it with the other few people.

After about half an hour, the foreigner nodded to Qu Yunzhe and said in fluent Chinese.

"Boss, no problem."

Still the same sentence, it was just an equity transaction, not involving other aspects of the company, and there was nothing to play tricks on.

Qu Yunzhe smiled and said: "President Yuan, you can sign it."

"Good!" Yuan Wanqi took a pen and signed her name on the contract.

After Qu Yunzhe signed his name, he finally let out a long sigh of relief. Although he was slaughtered as a big sucker this time.

But then again, if he was reluctant to part with this 100 million, the Qu family's loss would not be as simple as money.

Qu Yunzhe stood up and reached out his hand with a smile: "President Yuan, I hope there will be a chance to cooperate in the future."

Yuan Wanqi shook hands with Qu Yunzhe: "I believe there will be a chance."

"The 20 million US dollar advance payment will arrive tomorrow, and the remaining 80 million will arrive within a week."

Qu Yunzhe left. This time Yuan Wanqi sent him directly out of the building and watched them get into the car and leave.

Xiao Yunfang stood beside Yuan Wanqi. Even now, there was still an unbelievable expression on her face.

"Wufeng Mining's shares cost less than 30 million RMB, and in half a year, they sold for 100 million US dollars. If I hadn't participated in it myself and seen it with my own eyes, even if I were beaten to death, I wouldn't believe it."

Yuan Wanqi turned and walked back: "The boss said, everyone who followed me to the mainland last year will get a big red envelope, and the year-end bonus will be doubled."

Hearing this, Xiao Yunfang's body was immediately filled with strength, because she was also a team member.