dmims Chapter 59 Buying Property at Rock-Bottom Prices
Chapter 59 Buying Property at Rock-Bottom Prices
That afternoon, Lin Zhou arrived alone in an upscale residential area.
This area was once a gathering place for Hong Kong's wealthy, with villas built against the hillside overlooking the beautiful Victoria Harbour, each one worth a fortune.
But now, the place is deserted, and many villas have "For Sale" signs hanging in front of them, covered with a thin layer of dust.
Lin Zhou walked slowly along the mountain road, occasionally seeing moving company vehicles passing by.
The workers were busy loading furniture and appliances onto the truck, and the atmosphere seemed particularly bleak.
He walked up to a detached villa and stopped. The villa had an excellent location with a wide view and a large floor area.
The previous owner was a wealthy man who was in the import and export business. He has now immigrated to the United States and is eager to sell the villa.
The real estate agent at the door saw Lin Zhou and quickly came up to him with a professional smile on his face.
"Sir, are you here to view the property? This villa offers excellent value for money. Originally priced at HK$500,000, it's now only HK$200,000, and the price is negotiable!"
Lin Zhou nodded and followed the agent into the villa.
The villa is luxuriously decorated and fully furnished with all kinds of appliances, but it feels somewhat empty because it has been uninhabited for a long time.
He walked onto the balcony, gazing at the distant sea view, his mind filled with countless thoughts.
He knew that now was the best time to buy property at rock-bottom prices.
Hong Kong's economic foundation remains intact, and this movement will eventually pass.
Once the situation stabilizes, Hong Kong's economy will recover rapidly, and property prices will inevitably rise sharply.
Buy these properties now at low prices and you can get several times the return in the next few years.
Moreover, he will need a lot of factory and office space to expand his business in the future. Buying now can serve as both an investment and meet the needs of business development, which can be described as killing two birds with one stone.
"I want this villa," Lin Zhou said to the real estate agent, his tone calm yet carrying an undeniable authority.
The agent was taken aback, clearly not expecting Lin Zhou to agree so readily.
It's important to understand that, given the current situation, very few people dare to buy a house.
He quickly said, "Sir, are you sure? If you are, we can sign the purchase contract now, and the price can be even more discounted. How about 19.5?"
"No need, 20, let's sign the contract now," Lin Zhou said.
He didn't care about the 5,000 yuan difference; he valued time and opportunity more.
The Hong Kong property market is currently in a slump, making it a good time to buy. He doesn't want to miss out on this opportunity by haggling over the price.
The real estate agent was overjoyed and quickly took Lin Zhou to complete the purchase procedures. The whole process went very smoothly, and Lin Zhou received the property certificate for the villa in less than two hours.
As I walked out of the real estate agency, it was already getting dark, and curfew was approaching.
Pedestrians on the street hurried along, their faces filled with anxiety and unease.
Lin Zhou looked up at the gray sky, but his heart was filled with confidence.
Instead of going home immediately, he drove to Yuen Long.
The plot of land he had his eye on for factory buildings, which was located not far from Zhonghua Home Appliance Factory and next to the small dock on the other side, has now seen its price drop considerably.
He planned to take this opportunity to buy the land as well and start building a new factory together with the current wasteland as soon as possible, so that the small dock would be his own independent use in the future.
As the car drove along the empty streets, Lin Zhou gripped the steering wheel tightly, his eyes resolute. He knew that amidst the chaos, risk and opportunity coexisted.
As long as you dare to seize opportunities, you can stand firm in the storm and even achieve leapfrog development.
He has already planned to purchase shops in prime locations such as Causeway Bay and Mong Kok, in addition to this villa and the factory site in Yuen Long.
These shops are currently inexpensive, but once Hong Kong's economy recovers, rents and property prices will rise significantly, becoming an important source of his wealth.
Moreover, he also plans to acquire several small appliance factories on the verge of bankruptcy, integrate their technology and equipment, and prepare for the expansion of Zhonghua Home Appliances.
These appliance manufacturers are currently offering very low prices, making it a good time to acquire them.
By the time the car arrived in Yuen Long, it was completely dark.
The surroundings were deathly silent, with only a few lights from the houses shining forlornly, casting dim, yellowish shadows.
Lin Zhou got out of the car and walked to the planned factory site. The terrain was flat and the transportation was convenient, making it very suitable for building a factory. It was much better than the wasteland he had bought before.
Lin Zhou stood there, gazing at the vast expanse of land, his heart filled with longing.
He could almost see a modern factory rising from the ground here, with production lines running at high speed and workers busy but orderly.
Trucks and cargo ships, fully loaded with Zhonghua home appliances, were transported to every corner of Hong Kong and even exported overseas.
Lin Zhou drove away, heading towards the home appliance factory. He arrived at the dormitory that the factory had reserved for him, a one-bedroom apartment with two rooms combined together.
Su Wanqing received a call from Lin Zhou in the afternoon, saying he would be staying at the factory that night. She had already prepared dinner for him at the restaurant and was sitting in the living room waiting for him.
Seeing Lin Zhou return, she quickly stood up, her face filled with worry: "It's so chaotic outside, why did it take you so long to come back? Did you encounter any danger?"
Lin Zhou smiled, walked over and patted her shoulder to comfort her, "Don't worry, I'm fine."
"It's chaotic outside, but as long as we're careful, there won't be any problems."
He told Su Wanqing about buying the villa and factory land today. Su Wanqing's eyes widened in surprise upon hearing this.
"Lin Zhou, isn't it too risky for you to buy so many properties and land at once? The situation in Hong Kong is so unstable right now. What if property prices continue to fall?"
"No, it won't." Lin Zhou shook his head and said confidently, "The housing prices are already at their lowest point, they can't possibly fall any further."
Once this movement is over, Hong Kong's economy will definitely recover quickly, and property prices will rise sharply. Buying now is absolutely a sure-fire way to make a profit.
Moreover, these properties and land are also very important for the future development of Zhonghua.
He explained his plans to Su Wanqing in detail, including building a new factory, acquiring a small appliance factory, and expanding the product line.
Upon hearing this, Su Wanqing's eyes flashed with admiration and respect. Looking into Lin Zhou's calm gaze, her worries completely dissipated.
She knew very well that Lin Zhou was a visionary and decisive person, and that following him would definitely be the right thing to do.
"I believe in you," Su Wanqing said, her tone gentle yet firm. "Whatever decision you make, I will support you."
Lin Zhou smiled and gave her a gentle hug: "Thank you. With your support, I have more confidence in everything I do."
Su Wanqing tensed up when Lin Zhou suddenly hugged her, and only came to her senses when Lin Zhou released her. Her face flushed red and she didn't dare to look at Lin Zhou. She could only lower her head and urge him to eat quickly before running back to her dormitory.
Lin Zhou watched her escape meaningfully, a wicked smile playing on his lips; he had done it on purpose.
After dinner, he picked up the phone and called the land agent he had contacted earlier.
"Hello, is this Manager Zhang? I've decided to buy that piece of land in Yuen Long next to our factory. We'll meet at your company tomorrow morning at nine o'clock to sign the contract."
Lin Zhou returned to his bedroom, took out a map of Hong Kong, and marked the locations of the properties and land he had already bought and planned to buy.
Looking at the increasing number of markings on the map, he felt a great sense of accomplishment.