Siheyuan: Rebirth of Shazhu, Many Children and Blessings

Chapter 460 Discussing Buying a House with Lou Zhenhua

In the second half of 65, housing prices in Hong Kong suddenly plummeted. He Yuzhu realized that this was a good opportunity. Unfortunately, he did not have enough money to purchase a large number of properties.

So He Yuzhu found Lou Zhenhua and prepared to discuss with him the matter of investing in buying a house.

"Dad, how is your business going now?"

He Yuzhu had never asked about Lou Zhenhua's business before. He only knew that he had invested in several tea restaurants and milk tea shops in Hong Kong.

"It's OK." Lou Zhenhua replied, "Although the monthly income is not much, it is still relatively stable.

Xiao He, why did you suddenly think of asking this today? "

"I wonder if you have noticed the recent changes in housing prices in Hong Kong?"

"Of course I've noticed that housing prices in Hong Kong have taken a sharp turn for the worse recently. I guess this is probably related to the fluctuations in our stock market in the first half of the year."

Thinking of what happened in the first half of the year, Lou Zhenhua still feels a little scared. Fortunately, He Yuzhu reminded him in time, otherwise, not only would he not get his money back, but he would also have to continue to pay compensation.

"Dad, your judgment is correct. It is because many banks went bankrupt in the first half of the year that the housing prices in Hong Kong have been greatly affected."

After hearing what He Yuzhu said, Lou Zhenhua suddenly realized what he wanted to do.

"So, Xiao He, are you planning to use the money to invest in the real estate market?"

"I do have this plan." He Yuzhu came here with a purpose today, so he told him all his ideas.

“Dad, I think now is the best time to invest in the real estate market.

Now that housing prices in Hong Kong continue to fall, many people are afraid that this trend will continue, which in turn scares the wealthy and causes them to sell more properties.

If we can enter the market now and wait for housing prices to pick up in the future, the benefits will be explosive growth.”

"Xiao He, are you so confident in Hong Kong's way?" Lou Zhenhua asked.

And He Yuzhu nodded without hesitation, "Dad, I am very confident.

Hong Kong is small in area but densely populated. With economic development, both land and housing prices will become more valuable in the future. The earlier we enter the market, the more we will gain in the future."

"But have you ever thought that if house prices don't rise in a short period of time, then the money we put in is really invested, and this is also a high-risk thing."

Although Lou Zhenhua still has a lot of spare money that can be used to purchase real estate and properties, once this money is used to purchase real estate, its ability to be converted into cash will be much worse.

“Dad, if you are worried, you can keep some money for emergencies.

But please believe me, this is definitely a very good opportunity. I am sure that it won’t be long before housing prices will recover or even rise further.

If we need money at that time, we can also sell some of the houses we have.

However, taking advantage of this opportunity to purchase a large number of houses and shops in central locations is definitely a sure-win deal.

This money comes much faster than opening a factory or a store."

Lou Zhenhua was indeed tempted after hearing what He Yuzhu said. After all, He Yuzhu had always had a good eye and all the suggestions he made to him were profitable.

So Lou Zhenhua was also thinking about whether he should take a gamble.

After thinking for a long time, Lou Zhenhua decided to keep only 10% of the money and invest the rest in real estate.

"Xiao He, tell me your plan in detail..."

Seeing that Lou Zhenhua agreed, He Yuzhu was also very excited. After all, he didn't have much cash on hand. Only with Lou Zhenhua's money could he accumulate capital faster.

He Yuzhu also told Lou Zhenhua all his plans.

His current purchasing priority is shops and properties in commercial centers, followed by real estate in other places.

There is still a considerable part of Hong Kong that has not been developed, so there will still be many opportunities to purchase properties in more remote areas in the future.

However, it is not easy to buy shops and properties in the most central area nowadays. You have to buy them quickly while someone is willing to take action.

After He Yuzhu pooled his own funds and Lou Zhenhua's funds, he began to run around major commercial streets to see if anyone was selling these shops.

Real estate agents have not yet appeared, so He Yuzhu could only rely on these more traditional methods to get information, which consumed a lot of his time.

However, He Yuzhu's efforts during this period have also brought him considerable rewards.

During this period, he successfully acquired three shops on the central commercial street and five properties close to the commercial street.

A total of more than 20 shops were also acquired in other more prosperous districts.

Today, the stores purchased by He Yuzhu can basically be said to be spread across all major regions of Hong Kong.

It’s a pity that there are still too few properties being sold at this time, and many wealthy Hong Kong businessmen have not yet sold their properties. He still needs to continue waiting for opportunities.

However, for these stores purchased in this wave, the prices will at least double by next year, which is already very good.

He Yuzhu was not in a hurry because he knew that there would be opportunities in the future.