Chapter 207: Talk about housing prices

Tan Zhenhua heard this question from Yu Pengxia, and immediately realized that this man must have seen this mini fan, and replied with a smile: "Yes, this gadget was indeed invented by me. Why did Lawyer Yu have seen it? "
Yu Pengxia smiled and replied: "It's more than just seeing it, I'm still its user."
Tan Zhenhua asked strangely: "No, I remember it was mid-October when the Canton Fair was held, plus the production and shipment time, it would have to be in late November at least in Xiangjiang. What would you buy a fan at that time? Is Xiangjiang so hot?"
Yu Pengxia smiled bitterly and said: "Mr. Tan is right. This mini fan was indeed at the end of November when it was launched in Xiangjiang, but you don’t know anything. Since 1978, Xiangjiang’s real estate market has entered a fast The rising channel, whether it is industrial land, commercial land or residential land, has been soaring. The increase in land prices has also led to the increase in housing prices. The rents of houses are naturally rising. Even a large law firm like ours is a bit overwhelming. Shrink the rented area.
So, my own office has repeatedly reduced the area. In the end, it became more and more boring. So when I saw this gadget on the market, I bought one and put it in the office with a seat for ventilation, and not only I bought it, and several colleagues bought it after seeing that I used it well. The price of this little thing is good, not too expensive, only less than 150 Hong Kong dollars. "
When Tan Zhenhua heard Yu Pengxia talk about the housing prices in Xiangjiang, he immediately thought of the rising wave of China’s housing prices that he had experienced in his previous life. What is the most value-preserving and increasing product in China after changing to 40? There is no doubt that it is a house. If you invested hundreds of thousands in a prosperous area like Xujiahui in the second ring of the capital or the magic capital in the early 21st century, you bought a few apartments and covered them without selling...
Congratulations, you will become a billionaire in ten years!
In Tan Zhenhua's memory, Xiangjiang's housing prices are surprisingly expensive. In 2014, he traveled to Xiangjiang, and once curiously browsed several shops of Xiangjiang real estate agencies, the price of more than 10,000 Hong Kong dollars per square foot listed at that time really surprised him. It is necessary to know that one square foot is equivalent to about 0.1 square meter. Of course, housing prices in Beijing, Modu and Shenchuan have also risen to this level within a few years, and a series of government control policies have been introduced.
As a rebirth from a later life, how can there be any reason not to talk about housing prices when you meet friends from "out of town"? So he naturally asked Yu Pengxia like a chat of later generations: "How come the housing prices in Xiangjiang have risen so fast in recent years? How much is it now?"
Yu Pengxia gave Tan Zhenhua a surprised look. From this question, he could see how well the young man in front of him knew about Xiangjiang. You must know that this was the beginning of 1982. The house in Huaxia did not have the basic commodity attributes, and the young man in front of him talked about it indifferently as if it were commonplace. What is even more strange is that he actually knew the price of the wonderful house in Xiangjiang. Unit "square feet".
All this made Yu Pengxia decide to treat this client who seemed too young to be more careful, so the question he asked Yu Pengxia answered more carefully.
After sorting out his thoughts, he said: "The wave of real estate price increases in Xiangjiang probably started around 1978, and it was only more than three years at the end of last year, but the government auction land prices have increased over the past three years. It is almost 6-7 times higher, and property prices have risen more than 3 times.
Let me cite a few examples. The Golden Gate Building in Admiralty changed hands three times between December 1978 and September 1980, and the price increased from 715 million yuan to 1.68 billion yuan, an increase of as much as less than two years. 135%. The Federal and International buildings in Central changed hands twice between August 1980 and January 1981, and their prices rose from 1.089 billion yuan to 2.235 billion yuan, which was more than doubled in just six months. At the current price, the average price level is about 1,000 yuan per square foot. "
Tan Zhenhua asked curiously: "Why is Attorney Yu also interested in these real estate finances? Can these figures be remembered so firmly?"
Yu Pengxia replied: "In Xiangjiang, how can people who don't care about real estate and finance? Especially in recent years, almost everyone has become a stock market, and everybody speculates in real estate.
Take the real estate we talked about just now. In the past few years, to buy a house, you only need to pay a deposit of 5%-10%, buy a so-called "off-the-plan", you can enter the market to trade the real estate, so the real estate market at that time has developed to It is not the sale and purchase of one unit, but the sale and purchase of building by building.
However, since last year the government has strengthened management in this area, and at the same time imposing heavy taxes on the sale of "off-the-plan". This situation is a little better. As for the transactions of those properties, it is because I just gave an example. Those three real estate transactions are all cases that our law firm has participated in. "
Tan Zhenhua, who has been bombarded by information from later generations, heard this and suddenly smelled something unusual in the middle. He felt that there must be some kind of opportunity in it. As for what the opportunity was, he was still not sure, but it did not prevent him from taking this opportunity. To learn more about the content, he continued to ask for advice: "Then this deposit, that is, after the uncompleted purchase is paid, how can I pay for the subsequent payments?"

Of course it’s bank loans. In the past few years, due to the rising property market, banks’ mortgage valuations for houses have been on the high side. Some small banks can even lend out 90% of the valuation. But since last year, this Some changes have taken place. The housing market has slowed down. In most cases, the amount that can be borrowed is only about 60% of the valuation, and the interest on loans has also risen from about 6.7% in 1978 to 21% last year."
"How much is the interest?" Tan Zhenhua was shocked when he heard that number. He thought he had heard it wrong, and hurriedly asked.
"21%, this is the highest peak set at the end of last year." Yu Pengxia replied.
Tan Zhenhua knew the terrible loan interest rate even without financial knowledge. Before he was reborn, the bank would be instantly wiped out as long as it launched products with an annual return rate of over 5%. The 1-year fixed deposit interest rate was only about 1.5%...
Tan Zhenhua already had the answer in his mind, and now only the final confirmation, so he asked: "After talking for a long time, how much money can Xiangjiang people make a month on average, can they afford a house?"
Yu Pengxia sighed and said: "The average monthly salary of Xiangjiang people is only 2,000-3,000 yuan. It is of course very difficult to buy a house. Now that the interest rate has risen so high, it is even more difficult.
But what is the solution? There are few people in Xiangjiang. It’s common for generations to squeeze in a 400-foot house. It can be called a mansion at 800 feet. If you are lucky enough to live in a government-provided low-rental house, it would be a happy event, but Xiangjiang’s The houses are not only bought by locals. Nanyang and Taiwan are buying houses here, but in my opinion, most of them are short-term speculators. "
Tan Zhenhua nodded, he had already thought about it. According to what Yu Pengxia said, Xiangjiang's real estate has reached the peak of a stage. Short-term speculators should or have begun to withdraw gradually, which will support Xiangjiang's high housing prices in the future. The local tyrants of the Chinese mainland have not yet made their mark, so there are almost no people who take the market. This will inevitably lead to a big drop after the big rise.
From the perspective of development, the general trend of HeungKong Real Estate in the future is positive, and it is also a good buying opportunity when it falls sharply. After all, the long-term benefits are calculated based on the real estate prices of HeungKong that I have seen with my own eyes. It's very big, and it seems that I can plan something and get a good vote.
However, this is not a simple matter. It requires careful arrangements. This matter cannot be decided immediately. There are more important things to do at the moment, so he changed the subject and said: "Haha, Attorney Yu, you just now When it comes to housing prices, I will understand by the way, this topic is a bit far-reaching, let's talk about the important things first."