Chapter 899: It's the Top!
Regardless of whether Yin Jun wants it or not, this time the transaction of the Type B land exchange rights and interests has directly become an important driving force for the rise of housing prices and land prices in Xiangjiang again.
For two weeks in a row, there have been two shocking transactions in Xiangjiang, which completely ignited everyone's enthusiasm.
Whether it is the land market or the real estate market, they are not worried about selling at all.
In just a short period of ten days, the trading volume has skyrocketed by more than 57%.
However, few people have seen that the current economy of Hong Kong is actually in a very difficult moment.
Since last year, the land market and the real estate market have been hot, which has directly stimulated the import of various building materials, such as river sand, cement, steel, etc., and a large number of construction businessmen have bought and stockpiled goods, ready to do a big job in the next time.
A large number of imports have led to an increase in the deficit of Xiangjiang's foreign trade, and the input is greater than the output.
This is directly reflected in the exchange rate of the Hong Kong currency, which has led to a very weak exchange rate of the Hong Kong dollar.
This is the case in financial markets, when a weak currency inevitably leads to an increase in lending rates.
As mentioned earlier, the Hong Kong dollar is a currency that does not exist, and it has no currency that has become a reference for value at all, because its underlying currency is not the gold used in the country, but the US dollar.
The three major note-issuing banks in Hong Kong deposit US dollars according to a certain proportion, and then issue Hong Kong dollars according to this ratio, which becomes the circulating transaction currency.
Therefore, the US dollar is actually the most important factor affecting the value of Hong Kong's currency.
Coincidentally, at the end of 1980, after Ronald Reagan, the big boss of the United States, came to power, he adopted a monetary tightening policy in view of the fiscal and financial conditions of the previous sessions.
To put it simply, it is a completely different policy from the one that broke out in the United States after the financial crisis broke out in 2008.
The monetary easing policy in 2008 was to keep printing and issuing US dollars, constantly lowering interest rates, reducing reserve requirements, stimulating people's consumption, and increasing inflation.
Now, on the contrary, Reagan ordered to reduce the printing and issuance of money, reduce the circulation of money, greatly increase bank reserves, control the consumption needs of the people, reduce inflation, and strive to cause deflation.
Such a move is aimed at the interests of the United States.
However, Reagan's policy immediately suppressed the trend of the Hong Kong dollar, which was based on the US dollar.
To put it simply, this is equivalent to the fact that Hong Kong is also being forced to implement these US financial policies, implement a monetary tightening policy, raise bank deposit reserves, and control the people's consumption demand.
What is the biggest consumption demand of the people of Hong Kong?
Buy a house!
How to control it?
Raise the interest rate on loans?
Loan interest rates are now almost 1.5 times higher than they were in 1978.
Even from January 1981 to June 1981, it has increased by more than 30%.
Such a terrifying increase in interest rates is simply unheard of.
However, people in Hong Kong, including economists in Hong Kong, believe that this is a self-protection measure for banks after many people apply for loans, and they are worried that housing prices will rise too fast and deviate from real value, which is a normal thing.
Banks around the world are concerned about this.
But!
But the housing prices in Hong Kong will continue to rise like this!
So the bank's worries are useless!
As an ordinary person, as long as I can get a loan and buy a house, then I can earn 50% in one year and 100% in the next year!
How much does a house, even a 500 square foot house, cost?
At least 1,000 Hong Kong dollars per square foot, which is 500,000 Hong Kong dollars!
I can earn more than 400,000 net profits by taking out a loan for two years, isn't this super profiteering?
My monthly salary is only two or three thousand when I die!
That's the equivalent of 13 years of my salary!
What's the big deal about a small loan risk relative to such a high profit?
No one is rich without a windfall, isn't that what the old saying goes?
This kind of mentality is not just one person, countless people think so, and most people in Xiangjiang think so!
Therefore, the repeated increase in the interest rate of your bank loan cannot stop people's enthusiasm for lending.
For a while, the banks of all sizes in Xiangjiang were full of guests, and they were almost not crowded.
At this time, Hui Yinghong received Yin Jun's Chinese pager.
Sister Hong, who was very squirming, hesitated for a long time before returning the phone, but when she put down the phone, she had a dignified face.
Then, she went to her brother Hui Tianci.
It was already night, and Hui Tianci was playing outside at this time, but received a Chinese pager from his sister
Speaking of Chinese pagers, the British Telegraph Bureau acted very quickly, and after negotiating the price with Kirin Electronics, the Chinese pager was put into the market as soon as possible.
As a result, under Yin Jun's first rush to buy, it was all sold out in less than a day.
Hui Yinghong received ten Chinese pagers, and in the end, she still did not return the Chinese pagers to Yin Jun, but gave them to the people around her.
Hui Tianci's development in the past two years has been quite good.
Because he has changed a lot compared to before, and he is also a lot more dedicated, so Asia TV will ask him to act in one or two TV series every year, and because of Yu Zhanzhao's super popularity, there are also a lot of film contracts on the treasure island, plus advertising endorsements and commercial activities, etc., every young man can easily earn more than one million.
With such a high income, in the current Xiangjiang, it is already absolutely powerful, and it can be compared to the income of some small and medium-sized bosses who work hard for a year.
But these are not the biggest increases in wealth.
The biggest increase in his fortune was in the house in Mei Foo Sun Chuen, which he bought with Hui Yinghong.
When he received "The Legend of Bao Zheng" at a high price on Treasure Island, he gave all the money to his sister and asked her to help invest.
After asking Yin Jun, Hui Yinghong bought 10 houses in Mei Foo Sun Chuen at a price of $400 per square foot, spending a total of HK$2 million.
At that time, Hui Tianci still felt that his sister had bought too much house, and it was useless to put it there, but he had always listened to the words of this assertive and thoughtful sister, so he didn't say anything.
As a result, by the end of last year, these houses had risen to 1,200 square feet in one go with the skyrocketing housing prices in Xiangjiang, which was three times the purchase price!
In this way, in more than a year, he and his sister earned 4 million Hong Kong dollars!
And that's not all!
From the end of last year to now, in six months, the house in Mei Foo San Chuen has risen from 1,200 square feet to 1,600 per square foot! It has skyrocketed by 33 percent! It has made another 2 million dollars!
He sometimes wonders if he can retire like this, just rely on these houses to collect rent, tens of thousands of rents a month, which is enough to live comfortably.
But he didn't dare to say this to Hui Yinghong, for fear that his sister would scold him.
Because compared to him, Hui Yinghong worked harder and became more famous, starring in several movies in a row, all of which were box office hits, and vaguely had the title of "the first female star in Xiangjiang".
When he met his sister who worked so hard and was so strong, Hui Tianci was really more and more in awe.
Therefore, after receiving Hui Yinghong's page, Hui Tianci hurriedly said goodbye to his friends and returned to his home.
Hui Yinghong was waiting for him at home, looking at his drunken appearance, she frowned unconsciously: "Fourth brother, I told you, don't drink all day long! If you continue like this, your hard work will be wasted! How will you act then?"
"Hehe, I don't drink every day, after the filming of ATV was finished today, everyone said to get together, and I went out with it. Hui Tian said lightly, "Fifth sister, what important matter do you have, so urgent?"
"I'll discuss something with you. Hui Yinghong said.
"You say!" Hui Tianci smiled, "But what are you discussing with me, our family, aren't you in charge?"
"Less poor mouth. Hui Yinghong glared at him, "Tomorrow I am going to put all our houses in Mei Foo Sun Estate up for sale." ”
"Sold!?"
Hui Tianci was so surprised that he almost didn't jump up, "Fifth sister, why is this? Are you short of money? Are you in trouble? Tell the fourth brother! I have money here!"
Looking at his nervous appearance, Hui Yinghong's heart was a little soft.
No matter how bad the fourth brother is, no matter how bad he is, but he has loved himself so much since he was a child, which is why he is willing to take care of him all the time.
Just like the original 2 million investment, Hui Tian gave the money, but he never asked whose name the house was settled, and even took the initiative to let Hui Yinghong hang it in her name, so as not to spend all his time and cut off the family's financial resources.
"It's not a lack of money. Hui Yinghong hesitated for a moment and said: "The real estate in Xiangjiang is about to reach its peak, if you don't sell it now, you won't be able to sell it at the highest price." ”
"It's the top?" Hui Tianci sneered, "Fifth sister, which idiot told you that? Now everyone knows that the housing prices in Xiangjiang will definitely rise, and they will rise a lot! We sold the house like this, I don't know how much less we will make!"
"Yes......" Hui Ying's face blushed slightly, and she still pretended to be indifferent: "Yin Jun told me." ”
"Yin Jun!?"
Hui Tianci was taken aback, "What did he say? No, he just sold the New Territories Type B land exchange rights and interests at a sky-high price, how could he be so pessimistic about the real estate in Xiangjiang?"
For Hui Tianci, three years ago, the days when he sat with Yin Jun and ate at a food stall near the radio station were the same as yesterday.
But now that 3 years have passed, Yin Jun and him are no longer from the same world, and he can't even see Yin Jun's face on weekdays.
In other words, because of the original incident, he was not qualified to associate with Yin Jun.
That is, my sister knows how to be a person, and when she was in "Wulin Gaiden", she was determined to help Yin Jun, and she got such a good return.
Just recently, Yin Jun also looked at his sister's face and gave Zhang Ce the script of "Jinyiwei", which made Zhang Ce make a lot of money!
Hui Tianci is not a fool, since Yin Jun specifically told his sister, he is definitely not joking, nor is he teasing his sister.
However, how can the real estate in Xiangjiang reach the top?
He couldn't figure it out.
"The specific reasons are complicated, and I don't understand them, so you don't have to worry about them. Hui Yinghong said, "I believe in Ah Jun, so I decided to sell! If you don't have any opinions here, I will hang out, and when the time comes, I will ask you to go with me to buy and sell and transfer the account." ”
"Oh......"
Hui Tianci still couldn't help but say, "Fifth sister, does Yin Jun really think so? If this news is to be revealed, I am afraid it will cause an earthquake in real estate!"
"You are not allowed to talk about this to the outside world!" Hui Ying's red round eyes widened, murderous.
"I know, I know, I'm not stupid!" Hui Tianci shuddered, and hurriedly smiled, "Don't say it, Yin Jun is really good to you." I see, maybe he likes you!"
"Die ......"
Hui Yinghong threw a pillow over.
"Hahaha......"
Hui Tianci laughed, this sister who has never been in love, in terms of feelings, is really simple and cute!
I don't know what kind of expression he would have if he knew that his fifth sister had already pushed Yin Jun back twice......