366 【Taikoo Shing】
Although 12 million Hong Kong dollars sounds like a lot, it actually only accounts for one-tenth of Ye Jin's planned investment.
He has 13 million and 500,000 dollars left in his hand and has not invested it. His idea is to continue to buy shops and strive to turn all of this money into real estate.
After all, real estate is value-added, while cash is depreciating. Especially now that Xiangjiang Real Estate has not yet fully recovered, it is time to seize the time to buy at the bottom.
But the idea is full and the reality is skinny.
Ye Jin wanted to buy shops to invest, but now there are very few shops sold on the market.
The reason is very simple. The convenience of buying shops was because of the stock market crash in 1973 and the oil crisis in 1974. Under the dual influence of the Xiangjiang economy, the economy fell into a sharp recession, and many owners failed in investment and were forced to sell shops for turnover.
But it is now 76 years ago. The impact of the stock market crash and the oil crisis has subsided, and Xiangjiang real estate is gradually recovering.
At this time, the owners who failed to get through the difficulties had already been cold and the shops had already been sold out. The owners who had been through the difficulties had also recovered and naturally would not sell the shops again.
Because as the saying goes, [one shop has three generations]. If you hold a prosperous shop in your hand, your descendants will not have to worry about food and clothing. It seems that Ye Jin, now he has more than 10,000 square feet of shop in his hand, and the monthly rent is more than 10,000 Hong Kong dollars. In comparison, ordinary families in Xiangjiang earn only 20,000 to 30,000 Hong Kong dollars a year.
Therefore, in Xiangjiang, where every inch of land is valuable, it is definitely a chicken that can only lay golden eggs. If there is a way, no one will easily sell it.
In addition, most of the shops in Xiangjiang are actually concentrated in the hands of those real estate giants. They have always only rented and not sold for shops, which also restricts the circulation and transaction of shops.
Therefore, after acquiring five shops, it was very difficult for Ye Jin to acquire the shops again.
In fact, these five shops had all spent a lot of money before.
Before, when housing prices were sluggish, the sale price of shops was only 100 times the monthly rent. For example, a shop with a monthly rent of HK$5,000 could be won for HK$500,000.
But now housing prices are gradually recovering, real estate has gradually changed from cold to hot, and the rental-to-sale ratio has changed. Nowadays, the price of shops must be 120 to 150 times the monthly rent before it can be possible to buy a house.
Of course, more owners will not sell their own shops even if they beat them to death. This makes Ye Jin feel helpless. After all, if they don’t sell them, they can’t force them to sell them.
...
"Brother Jin, otherwise I'd better buy a house. I heard that Taikoo City is about to open, and the housing prices are set very cheaply, only 230 yuan per square foot." Zhao Yazhi suggested to Ye Jin.
Taikoo City is a property developed by Pacific Foreign Company. It is located in Quarry Bay in the East District of Hong Kong Island, and it is also a good location.
"For residential buildings, management is a problem." Ye Jin frowned when he heard this.
If possible, he would rather buy a shop than a house.
Because shops, especially strong shops, are very easy to rent. Tenants often rent for a few years and are not easy to change. Residential rentals are more messy, and tenants are numerous and scattered, making it difficult to manage.
"Since that's the case, I'll help you see." Zhao Yazhi saw that he was unwilling to do so, so she nodded and said.
"Well, let's do it. Contact Taikoo City to see if you can have an internal subscription." Ye Jin thought for a while and said.
If you can get a whole building in one go, then buying a residential building is also a good choice. This is equivalent to centralized management of tenants, which is both efficient and easy.
"Okay." Zhao Yazhi nodded with a smile when she heard this.
...
After turning around, Ye Jin accompanied Lin Qingxia back to Taiwan to visit relatives.
As for advertising and investment matters, they are subject to the responsibility of Myth Film and Zhao Yazhi respectively.
These two things are endless without a month or two.
Talking about advertising endorsement is not something that can be achieved overnight. The cost, form, responsibility, compensation, etc. of advertising endorsement requires patient and meticulous negotiation.
The bigger the brand, the more cautious it is to sign a spokesperson. For top luxury brands like Hermes and Louis Vuitton, you have to check for a few years before signing a spokesperson.
See if the other party’s popularity is long-lasting, whether the image is high-end, whether it can be consistent with the brand, whether it is capable of selling goods, etc.
As for buying a house in Taikoo City, it will not be possible to finish it in a day or two. If Ye Jin needs to make an internal subscription, the price will be cheaper than the world.
But whether this transaction can be done, how much cheaper it can be, what to do if the contract is breached, and what to do if the house cannot be paid, all these need to be discussed carefully.
After Ye Jin and Lin Qingxia returned to Taiwan, they were picked up by Lin Qingxia's brother and sister and went to their new home in Taipei together.
Previously, the Lin family lived in Sanchong City, Taipei County, which was a suburb. It took more than an hour to get there by car.
Later, after Lin Qingxia made money, she bought a villa for her parents in Taipei.
"Sister, I miss you so much!" After leaving the airport and passing the passage, Lin Qingxia and her sister Lin Lixia met, the sisters hugged each other intimately.
"I miss you so much, too." Lin Qingxia also said excitedly. She and her sister haven't seen each other for more than half a year, and she really misses her very much.
Ye Jinze shook hands with Lin Qingxia's brother Lin Chengsen, and greeted with a smile, "Hello, brother."
"A Jin, don't be fine." Lin Chengsen nodded to Ye Jin and said, "Okay, let's get in the car first and go home and chat."
Everyone took a bus home together.
I saw that the car was also a new one. The Lin family had no car before, but now they drive the Toyota Crown.
"Sister, I want to discuss something with you. I want to immigrate to America." On the way, Lin Lixia said to Lin Qingxia expectantly.
Taiwan has always been craving abroad, especially in the 1970s. After Taiwan became an orphan in Asia, people's enthusiasm for going abroad was unprecedentedly high. A rumor circulating at that time, "Come on, come on, come on, come on, go on, go on, go on, go on, go on, go on, go on, go on, go on, go on, go on, go on, go on, go on, go on, go on," fully demonstrated this.
But things are precious. People are very enthusiastic about going abroad, but there are still a few who can go out. Most people have no education, no skills and no money, so it is naturally not easy to go to Asiatica.
The same is true for Lin Lixia. She wanted to go to America, but her education and technology were not enough. The only way was to take the investment route. If she could invest hundreds of thousands of dollars, she would naturally be able to change her place.
But she couldn't get the money out, so she could only ask for help from her sister.
"Go to Ameriga?" Lin Qingxia was stunned, then nodded, "Okay, I support you."
She has also made some money in the past three years since she entered the industry. Especially after she went to Hollywood, she made MVs, released records, and filmed "Star Wars" and so on, which made her earn more than 300,000 US dollars. It seems that it should be enough to send her sister to America.
"Really?! Thank you sister." Lin Lixia said happily when she heard this.
Chapter completed!