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Chapter 553: Fighting the property market (3)

"As you said before, the situation in the Hong Kong real estate market should not be deteriorating so quickly." Yi Gang said, "I promised you, act according to your plan, and now I'm afraid I will break my promise."

Su Yue frowned and said, "Can the Hong Kong City government hold on?"

"The real estate market is the economic pillar of the Hong Kong city. The matter is very important. With the interest chain and industrial chain that have spread out from real estate, there are too many and too wide. Once they are allowed to collapse and do nothing, I am afraid that no one can afford the consequences." Yi Gang said, "It is not a bad thing to make them stable."

Su Yue understood what Yi Gang meant and whispered: "I understand!"

"Just understand!" Yi Gang sighed lightly and hung up the phone.

Seeing that Su Yue hung up the phone, Gu Yunxi looked bad and asked, "Xiao Su, what's wrong?"

"The real-time transaction price of the real estate market has fallen too quickly, and the government can hardly withstand the pressure." Su Yue smiled bitterly, "Xize's stick is indeed a bit too fierce, which makes many people unable to sit still."

"Is there any impact?" Gu Yunxi asked nervously.

Su Yue pondered for a moment and said, "The impact should be, but it will not affect the overall situation. Perhaps... Just as Director Yi said, being stable is not a bad thing."

Gu Yunxi didn't understand what Su Yue meant for a moment.

At this time, Su Yue had calmed down again, looked at a cafe not far from the commercial street, and said, "Sister Yun Xi, the coffee shop has a wide view and can see many situations around this real estate agency. Let's go in and sit down, waiting for the news to change further."

Gu Yunxi didn't know what the medicine was sold in Su Yue's gourd, so hesitated for a moment and nodded.

Immediately afterwards, a group of four walked into the cafe, ordered a few iced drinks, and then sat against the window, observing the scene of people coming and going out of the window.

As time goes by, the number of houses sold to the second-hand housing market is still increasing sharply.

Su Yue and Gu Yunxi sat quietly with each other, observing and chatting. After about ten or twenty minutes, someone came up to chat with them and asked them if they had any demand for a house. The price could be as low as 20% off.

Throughout the morning, among the people entering the cafe, five waves of people asked Gu Yunxi and Su Yue whether they wanted to buy a house, the lowest price, and even the original listing price was 79% off.

This proves that house prices have fallen by about 20% on average in the past two days.

Moreover, what is terrifying is that as Xize uses a large number of real estate in his hands, he sells endlessly at a low price. In addition, those speculators who use leverage funds to stock up on a large scale have no choice but to follow the trend. At this time, the second-hand housing market in the Gangcheng City is already priceless, with buyers shortages, and liquidity crisis begins to emerge.

At noon, the property market in Hong Kong City suddenly changed dramatically.

The official relevant institutions finally stood up and spoke and began to stabilize their emotions, which mainly shows that the economy of Hong Kong City is very stable, the future development is bright, there is no financial crisis, so there is no need for everyone to panic, and it is also stated that the government also attaches great importance to the healthy development of the real estate industry.

After the government agency's personnel finished speaking.

The well-known media in Hong Kong City also invited a relatively well-known economics expert to refute the various remarks that foreign media said last night that the financial crisis was about to come.

Under the wind on both sides, the originally panicked real estate market and the emotions of both buyers and sellers have stabilized relatively.

However, this stability lasted only half a day.

After all, there is no real money and no real policy benefits, this kind of stability maintenance still seems too weak and insincere. After the market once again emerges with huge amounts of selling housing at low prices, the panic that suppresses it rises again.

Moreover, it came much more violently.

On Sunday, August 19, the entire Hong Kong real estate market was already in dire straits of liquidity exhaustion.

Not only are the leverage tight, but all the real estate speculators who bet on the net are like ants on a hot pan. Even the real estate tycoons who acquire land on a large scale at high housing prices and several real estate projects for sale, Zheng Yutong, the Zheng family, looked worried.

At this node, all the Zheng family's stalls have been spread out, and it is still time to clean up.

If the property market collapses at this time and the financial crisis comes, then if it expands, the losses will be very heavy for these projects that have not yet been harvested.

"Chairman, the market situation has been very bad these two days."

The secretary stood beside Zheng Yutong and whispered: "What Mr. Boris said may have really come true. Do we need a contraction strategy and stop losses in time?"

"The Guo family has always wanted the project in Repulse Bay, so it's better for us..."

Zheng Yu-tong sat on the soft chair, rubbed his temples irritably, interrupted the secretary and said, "Let me think about it again."

He still has to think about how to choose between the real interests and the future interests.

At this time, the Zheng family was not like the other three.

The other three companies did not aggressively acquire land on a large scale and built many new projects at the peak of housing prices. In other words, when the crisis came, the losses were completely incomparable to the Zheng family.

Therefore, they don’t need to hesitate when making a choice.

Zheng Yutong was silent for a long time before he said in a deep voice: "Do you get rid of the two most influential projects first, and wait for the rest first. Ordinary storms still cannot shake the foundation."

The secretary responded, then quickly turned around and called.

When the Zheng family was anxious, at this time, Boris and Xizer looked at each other and laughed at each other and cried a glass of champagne.

"Easy than we thought." Boris smiled and said.

Xize held the wine glass, shook it, and said, "Chinese people are selfish cowards. I originally thought that it would take ten days or half a month to accumulate such a collapse, so I prepared almost 2,000 properties in advance to ensure that there are enough chips when suppressing the real estate market."

"I didn't expect that in just three days, less than half of the property I sold, and the storm has taken shape."

"We have sold a lot, too." Boris continued, "but the results are indeed faster than we expected. Unfortunately, the four major families have no movement. If they are helping, the storm will be even more fierce."

"Chinese people are unreliable after all."

Xize smiled, but didn't care too much.

He visited the four major families just to increase his chances of winning. Now that the collapse has begun, it doesn’t matter whether the four major families can help or not.

The two were talking.

Assistant Prest suddenly approached and said, "The Zheng family has already planned to resell the development projects in Repulse Bay and Mid-mountain. The four major families could not bear the pressure and began to retract their strategies and quickly stopped the losses."

"Haha..." Boris laughed, "This is a great benefit to us!"

Nishizawa smiled and took a sip of the champagne in his glass and said, "It's true that everything went well."

"Speaking of this, the reaction of the Hong Kong City Government is really disappointing." Xizhe paused, shook his head, and continued, "Do they think that just a few words can reverse the market's dilemma? It's so simple!"

When Boris, who was originally happy in his heart, suddenly felt a sense of alert for no reason.

In their short selling plan, it is really easy to go from the stock market to the real estate market.

"Where are there any traps here..."

A terrible idea came out of Boris' mind, but before he could think deeply, assistant Prest had continued: "I heard that HSBC, Hang Seng, Huayin Harbor City and other important financial institutions in the relevant Harbor City have suspended the approval of new mortgage loans today. The official announcement will come tomorrow."

"House prices have fallen too hard and too fast, they dare not let it go, right?" Xize laughed.

When financial institutions cut off loan channels at this time, it is equivalent to cutting off market leverage, causing further sharp drop in market buyers, which will quickly aggravate the collapse of housing prices.

Xize can already imagine the scene where many speculators who speculate in real estate will evaporate their wealth in the next week or half a month, and they will have to jump off the building with huge debts.

"For what reason to stop lending and loan approval?" Boris asked.

Prest thought for a while and replied: "The current news says that housing prices fluctuate too much and it is difficult to evaluate the value, but for specific reasons, financial institutions do not have exact documents to leak, and I am not very clear."

Hearing this, Boris's concerns not only did not get rid of them, but became more and more intense.

"So, the news of stopping the addition of mortgage loans is just the market circulating again, and it has not been confirmed?" Boris' tone fell down, "The rumors are rumors after all. We cannot take them seriously before the documents are truly clear, Xize... I always feel that the things we planned are too smooth, one by one. Do you think... is there a possibility that the other party deliberately guides us to do this?"

"Who can calculate every step we take in advance?"

Xizhe laughed and said, "Boris, you are too careful. The crisis in Harbor City is real, not something we made up. They really guided them on purpose. If they want to snipe us, they may fall deeper, and we... will also make more money in this storm."

Boris thought about it seriously and felt that he was too sensitive.

During the tsunami of the real estate market, rumors about financial institutions stopping the issuance of new mortgage loans have become increasingly intense, resulting in panic that has rapidly intensified.

In the end, it was a last resort.

Under the joint guidance of the Hong Kong Finance Department and the HKMA, major banks, which were deeply involved in rumors, had to stand up and respond, saying that all this was a rumor.

However, the biggest negative rumors have been suppressed.

However, the Zheng family's public transfer of Repulse Bay and Banshan development projects was like a raging fire, which indirectly aggravated the signs of collapse in the real estate market and made the housing market in the port city more and more stormy.

Faced with the Zheng family's rush to the critical moment, some leaders in the Hong Kong City were instantly furious.

In case the other three companies followed up, the leaders, after being angry, couldn't help but call and once again advised the heads of the three companies, hoping that they could be stable.

The leaders' words were much more serious this time.

After weighing the pros and cons of the three major families for a long time, they finally resisted not following the Zheng family and chose to continue to wait and see the situation.

In the evening, the real estate market's instant transaction price continued to decline.

The house prices of the latest deals are about 25% lower than before the decline.

In the entire Hong Kong City, everyone involved in housing prices could not sleep all night. Many real estate speculators were even more anxious and wanted to stay at major agency offices for housing transactions one night. When they saw people who were interested in buying a house, they begged hard, and they were discounted.

"Xiao Su, the real estate market has reached the edge, how to solve it?"

Although the government has tried every means to stabilize everyone's emotions, the collapse has not eased any relief. Yi Gang called Su Yue to ask about it, and he was in a harsh tone and in a bad mood.

In order to implement Su Yue’s air-induced plan, he took huge risks and pressure.

Once the plan fails and the sniper battle in Hong Kong City is defeated, his political career will almost end.

"Director Yi, start from the root," said Su Yue. "The origin of the crisis in Hong Kong City is that everyone firmly believes that the real estate market in the European market has collapsed, and that the financial crisis is sweeping from Europe. Therefore, when Xize sells real estate with a large amount of price cuts, a stampede occurred, forming a sign of this collapse."

"I know, how to solve it?" Yi Gang asked again.

"The situation in London is not optimistic, as Nisze said, but there are still some days before the collapse. North Rock Bank, as the largest mortgage bank in the UK, is trying its best to hold on." Su Yue said this and suddenly paused, "The representative of North Rock Bank should have been in Port City for some time."

"What do you want to say?" Yi Gang frowned slightly.

Su Yue gritted his teeth and said, "Let Huayin Port City Holdings borrow 50 million pounds to Beiyan Bank, so that it can first stabilize the situation in London and reveal the illusion of the outbreak of the London property market crisis. After exposing the negative news, it will use real money to support the market, and eliminate the most panicked part of the real estate speculators to sell, and the crisis will be resolved."

"Do you want to use the force to fight?" Yi Gang said.

"Yes, take advantage of the force to fight." Su Yue's eyes were sharp, "Xize would not have thought of this. The fundraising representative of Beiyan Bank must have been as anxious as an ant on a hot pan. You can easily get in touch with Director Yi. As long as you stabilize Beiyan and alleviate its crisis, this storm in Hong Kong City can be extinguished with just raising your hand."

"Okay, I'll make arrangements right away." Yi Gang said in a deep voice, "Is there anything else to say?"

"Tomorrow, tomorrow afternoon, all the normal operational statements sent by Beiyan Bank from London, as well as a convincing market optimistic research report, and the full coverage of major media." Su Yue said, "The various capitals led by Nishize are in ecstasy at this moment, and tomorrow will be the wealth feast they think."
Chapter completed!
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