Rebirth: Return to 1991 to be the richest man

Chapter 1502 The inventor of off-plan properties

I have to say that Huo Jiaxiang's vision is quite long-term, and he can actually think of this aspect.

After Salters has gone through all four little tigers, he will indeed set his target on Xiangjiang.

In other words, the goal of Xiangjiang was something he had considered from the beginning.

For this greedy financial giant, it is natural that such a big piece of fat in Xiangjiang cannot be let go.

But the only thing Salters didn't expect was that Xiangjiang had returned to China by that time.

Lucky Xiangjiang, with China as its support, will naturally not have such a tragic experience as the Four Little Tigers.

However, although this financial war ended in Xiangjiang's victory, Xiangjiang's economy was still greatly affected.

"Jiang Hai, I'm really glad that you are Chinese." Huo Jiaxiang suddenly said with regret.

Chen Jianghai also knew what he meant by this.

It is nothing more than worrying that Xiangjiang or China will also suffer such a storm.

Xiangjiang really needs to worry, after all, Salters will really come here.

As for Huaxia, in Chen Jianghai's view, Huo Jiaxiang's worries are completely unnecessary.

Here in China, this kind of thing will never be allowed to happen.

It is really difficult for outsiders to imagine China's obsession with foreign exchange reserves, and they do not know exactly how many foreign exchange reserves China has.

In addition, there is also the extent to which the Chinese government supports Xiangjiang during this crisis.

If Salters attacks a country like Siam, as long as it is done properly, the possibility of success is indeed not low.

But when he actually faced Hua Xia, he truly realized what a wrong decision he had made.

In the past few years, China has vigorously developed its economy. It can be said that its strength has undergone earth-shaking changes.

More importantly, China has always been very low-key and has been focusing on development.

Many people now feel that China's strength is not much stronger than during the founding of the People's Republic of China.

This perception is completely wrong.

How much strength China has itself cannot be seen by outsiders.

Salters is simply asking for his own death if he wants to take advantage of China.

As for why Salters chose Xiangjiang as his target later, the reason is also very simple.

The management system implemented by China in Xiangjiang made Salters believe that Xiangjiang, like Siam, could be manipulated at will.

At the same time, the Asian financial crisis has seriously affected Hong Kong's economy.

Salters naturally believed that Xiangjiang might be easier to deal with than Siam if he took action at this time with the residual power of the Quantum Fund's victory.

Despite all his calculations, he failed to predict that China would take action.

The most critical thing is that China's determination to help Xiangjiang cope with the crisis was not taken into account at all.

This step can be said to be the final reason for Salters' defeat.

If Xiangjiang can be captured, Salters' wealth can be further improved.

With a huge amount of funds in hand, coupled with countless international hot money following closely, it is bound to be unstoppable.

Unfortunately, this time facing China, Salters failed.

"Mr. Huo, why don't you take advantage of this moment to make a huge profit from him?" Chen Jianghai said with a smile.

Hearing what Chen Jianghai said, Huo Jiaxiang was really moved.

If it is true as Chen Jianghai said, then the Huo family's assets may rise rapidly because of this opportunity.

You know, Huo Jiaxiang's status in Xiangjiang at this time is actually quite embarrassing.

Huo Jiaxiang clearly knows that it is still quite difficult for the Huo family to make further progress and become the most dazzling wealthy family in Hong Kong.

In the 50s, Huo Jiaxiang made his first pot of gold through the shipping business.

At his peak, Huo Jiaxiang owned more than 100 cargo ships and was the most influential ship boss in Xiangjiang.

It was at this time that the population of Xiangjiang skyrocketed.The reason is also very simple, that is, a large number of mainlanders have moved into Hong Kong.

The population of Xiangjiang has tripled from 50 to 150 million.

As the population increases, the supply of houses instantly exceeds the demand.

At that time, many places in Xiangjiang, including rooftops, basements and corridors, were full of people.

Seeing such a situation, Huo Jiaxiang immediately realized that the opportunity for Xiangjiang Real Estate had come!

He made a prompt decision and spent 280 million to buy the Hong Kong Embassy Building, officially entering the Hong Kong real estate market.

At that time, it was difficult for ordinary people to afford a house.

At that time, there was a very strange rule in Xiangjiang, that is, the entire building must be purchased when buying or selling a house.

It happened that at that time, most people had little money in their hands, and it was impossible to have such purchasing power.

Under such circumstances, most people in Xiangjiang live in rented houses.
Housing is an urgently needed resource in the hands of a small number of people, and its price has been rising.

Because housing is in short supply, rents are also quite high.

For tenants, renting a house is stressful. After working hard to make money and paying rent for a lifetime, the house is not theirs in the end.

Once any problems arise and the rent cannot be paid, they will end up on the streets.

The end is not bad.

In order to solve this problem, Huo Jiaxiang thought of a way.

That is the famous public housing lease in the history of Hong Kong.

Huo Jiaxiang built the entire building and then sold it to ordinary people who wanted to buy houses in the name of the company.

In this way, the cost for people in Xiangjiang to buy houses will be greatly reduced.

Later, Huo Jiaxiang discovered that even if he could buy by house, many people still couldn't afford it.

At this time, Huo Jiaxiang invented off-plan properties again.

This is basically the current pre-sale mechanism for real estate.

Before the house is built, the buyer can pay a down payment to the developer.

In this way, developers can use the money to develop houses, greatly reducing the developer's capital costs and improving capital turnover efficiency.

As for the remaining house payment, it can be paid to the developer in installments, which also greatly reduces the financial pressure on home buyers.

In fact, this is the earliest combination of installment payment and pre-sale mechanism.

I have to say that Huo Jiaxiang was really imaginative and courageous in coming up with this idea at that time.

This move not only brought good news to the majority of Xiangjiang residents, but also greatly stimulated the development of Xiangjiang real estate.

Of course, it also has a strong stimulating effect on the economy.

Huo Jiaxiang created the glory of the Huo family in Xiangjiang real estate by relying on innovations such as off-plan properties.

At its peak, Huo Jiaxiang controlled 70.00% of the real estate business in Xiangjiang.

At that time, the Huo family could sell more than 100 buildings in a month.

From this data, we can see how powerful Huo Jiaxiang is.

After entering the 90s, Huo Jiaxiang's influence in real estate began to decline sharply.

Because he touched some people's cheese and offended some people, Huo Jiaxiang was restricted from purchasing land.

At the same time, a group of people from Li Shengli also came out.

Speaking of Li Shengli, he and Huo Jiaxiang are completely different types of people.

Huo Jiaxiang is an entrepreneur who truly cares about the world, while Li Shengli is a businessman through and through.

Huo Jiaxiang invented off-plan housing to enable ordinary people to afford housing.

But the public area that Li Shengli invented was very disgusting.

(End of this chapter)