Rebirth 1983: Building My Business Empire-Chapter 601 - 584: Money is the Most Practical

This time, the Hang Seng Index is quite interesting. There’s a single-day drop of 11%, and a single-day rise of 9%. It goes up and down like a roller coaster, but overall, the Hang Seng Index is declining.

This roller-coaster ride of the Hang Seng Index has a huge aftereffect, that is, many people have doubts about Hong Kong’s economy and future. Suddenly, many consulates in Hong Kong are overcrowded with people coming to inquire or handle immigration procedures.

To immigrate, one certainly has to deal with their property, leading to sales agents at major sales offices idling and dozing off, while agencies are bustling with people eager to sell their properties.

As the immigration trend rises, some people take the opportunity to spread rumors. Even the media joins in, saying the rich are fleeing, and soon Hong Kong will be left with only poor people, and the economy will languish in the future. It’s a vicious cycle, and even some who previously held firm positions are beginning to feel fearful and waver.

Yu Meitong called Lu Jiaxin, saying, "Boss, the house prices have dropped by thirty percent now. Do you think it will really be like the newspapers say, that Hong Kong’s houses will be worthless?"

Hong Kong houses worthless? If it were in later years, many people would see such news as a big joke. But being in the midst of it, Lu Jiaxin knows many people believe it. Firstly, many British and some foreign companies are indeed relocating, and secondly, there’s distrust in the Mainland government.

Out of fear, many middle class or those with some assets are trying to immigrate by any means. As a result, after one or two decades, when they return, they find they can no longer gain a foothold in the city.

Lu Jiaxin didn’t offer comforting words, she just told her one thing: "The funds in Xinxin Real Estate, leave fifty million for daily operations, and I’m going to use the rest to purchase property and hoard land."

Her right eyelid twitched, worried about a disaster, just in case, she sold off part of her property and stock indices. Unexpectedly, she stumbled upon a real stock market crash, and the real estate market also collapsed. You should know that in the major stock market crash two years ago, the real estate market was not greatly affected, falling by less than twenty percent before recovering. But now it has already dropped by thirty percent, and due to the immigration wave and unscrupulous media, it’s still declining.

Lu Jiaxin has great confidence in Hong Kong’s future. When encountering such an opportunity, she definitely intends to bottom-fish. A couple of days ago, she told Chen Ming to acquire all the properties they had set their eyes on.

Yu Meitong immediately understood, Jiaxin believes Hong Kong’s economy will not languish, and the real estate market will continue to thrive: "Jiaxin, I have over three hundred thousand in hand now. When do you think is a good time to buy property?"

Lu Jiaxin is not a fortune teller, she also doesn’t know when exactly: "Now it has already dropped by thirty percent, it’s almost there."

Recently, Chen Ming and several vice presidents have been fully mobilized, striving to acquire the properties, land, and industrial buildings they have targeted. Because of the Mainland’s open policy, many factories in Hong Kong have moved there, where land is cheap, labor is cheap, and production costs are much lower.

For this reason, many industrial buildings in Hong Kong are vacant. Now the government has also changed the relevant policies, allowing developers to convert industrial buildings into office buildings after purchase. Of course, there are many procedures to be done, which are matters for the staff below to handle.

After hanging up the phone, Yu Meitong immediately looked up the phone number of the agency manager, called and said she wanted to buy two apartments of about five hundred square feet each. She herself is a working professional and understands that senior white-collars prefer to rent single-bedroom apartments.

Recently, the manager has been receiving business only from those selling houses, with very few looking to buy. Upon hearing she wanted to buy two single apartments, he immediately recommended her three complexes, all with good location and facilities.

Yu Meitong asked clearly about the house prices in these complexes, then smiled and said, "I have something today, I’ll go see the house at ten tomorrow morning."

The three complexes recommended by the agency earlier were three thousand four or five per square foot, now the house prices have dropped by thirty percent, only twenty-four hundred per square foot. Buying two, with a twenty percent down payment, she needs to prepare about fifty thousand.

"No problem, no problem."

Yu Meitong only has thirty-five thousand in hand, short of over fifteen thousand for the down payment on two apartments. Who should she ask? Of course, she should ask her dear mommy.

In the afternoon, she took half a day off work to return home. She’s getting savvy now, every time she goes home, she buys things that Old Master Yu and Mrs. Yu like. This time, she bought cigars for Father Yu and her favorite sushi for Mrs. Yu.

Unexpectedly, as she returned home, she found her father and brother and sister-in-law were there, and she immediately felt uneasy. However, after two years of workplace experience, she no longer wore everything on her face like before.

Yu Meitong smiled and greeted everyone at home, then presented the cigars and sushi.

Her brother and sister-in-law’s expressions were unfriendly toward her. This sister, ever since ending her engagement and being outside for over half a year, has become as cunning as a monkey. Every time she comes home, she sweet-talks her parents and parents-in-law, either giving jewelry or money.

Father Yu feels that the company will go to his two sons in the future, the company is the big deal, and giving a little extra pocket money to the obedient and well-behaved daughter is nothing much. As for Mother Yu, she pities her struggle outside and feels disheartened by her sons, so she continually supports her. For this reason, Yu Meitong already owns eight apartments in her name by now.

After Yu Meitong sat down, Father Yu said, "Meitong, you came back just in time, the family is discussing whether to immigrate. You have good relations with Mrs. Hu and Miss Lu, has the Hu Family or Nie Zhan made any moves recently?"

Yu Meitong simply replied yes and then fell silent. When she was abandoned by the family, she understood that talking about family affection in this house is naive, but talking about money is the most practical.

Father Yu, seeing her expression, knew he would have to bleed a little today, or this girl wouldn’t say anything: "The 3600 square foot villa in Shouson Hill is yours."

He has two villas in Shouson Hill, one as mentioned above, and another over 6000 square feet. Now with house prices falling, luxury homes have taken a hit.

Big Brother Yu and Second Brother Yu’s faces turned sour, and their wives were very displeased, feeling this younger sister had an increasingly large appetite. However, with Father Yu’s long-standing authority at home, they dared not contradict even if dissatisfied.

Yu Meitong said, "Hu Zhifeng wants to hoard land, Old Master Hu is seeking stability due to his age and disagrees. Last month, Miss Lu sold a large batch of property. The funds retrieved, she’s using them entirely to hoard land and purchase quality assets."

As for whatever Nie Zhan was doing, she didn’t know. However, for Jiaxin to use so much money to hoard land and purchase property, it must have been with his consent.

Father Yu hesitated after listening: "According to what you say, they still have confidence in Hong Kong."

Big Brother Yu said, "Dad, Miss Lu came from the Mainland, and it’s heard that in recent years she has donated quite a lot to the Mainland. Also the Hu Family, their son-in-law Su Heyuan’s uncle is a high-ranking official in the Mainland. With such connections, they not only aren’t afraid but hope for Hong Kong’s early return!"

Yu Meitong said nothing.

Father Yu was relentless, asking, "Meitong, what do you say?"

Yu Meitong didn’t want to give an opinion, anyway the company isn’t her concern, good or bad it doesn’t really affect her. But since the old man was giving her a villa, she was willing to say a few more words: "I’m doing quite well at Five Auspicious Jewelry, not planning to change jobs. In a place unfamiliar to me, whether doing business or working, it would definitely be harder than here."

Father Yu was left indecisive.

This content is taken from (f)reewe(b)novel.𝗰𝗼𝐦