Fok: invented the first sale Air Jordan 12 of flats detonated Hong Kong real estate frenzyAuthor: Henry Fok REVIEW: Henry Fok of Hong Kong legend, his ancestral home in Panyu, Guangdong, was born in Hong Kong. 7-year-old death of his father. 12 years into Air Jordan 19 the Hong Kong Queen's College, dropping out of school due to outbreak of the War. When the intermediate wheel coaling station, airport coolies, repair apprentice riveter like. November 1992 to November 1996 president of the Hong Kong Chinese General Chamber of Commerce. Many of his business on the concept until today is still worth learning. The following is the share he had an idea about the real estate business. That was the end of the 1953 day, I got a high dew cloud of lawyers and law firm staff Air Jordan 5 Retro together to discuss how to promote the new building Sifang Street. Prior to this, I just use stratified sale, Air Jordan Others we sold our investment in the construction of Dongan building. I ask you: 'There is very hierarchical method sale of flats sold better buildings?' The lawyer said: 'layered sale already is a big breakthrough, this approach has proven Air Jordan 17 to benefit both investors and buyers, are also ? dissatisfaction 'I said:' I think just layering sell the property market is not active, can not attract the Air Jordan 18 general public to buy property, because it can suddenly come up with a lot of money out of the purchasers are few people can think of. The new Nike Free method, so that ordinary citizens can buy property owners do? I always think, more people buy Air Jordan 3 Retro property, the property market can flourish together. In addition, there is no way for us to invest much, you can have a high return? I think of a way, I do not know okay? before the official start of construction of Nike Hyperdunk the new building, a part of our first charge buyers deposit, the balance paid in installments, like rent, as when the new building is completed, the buyer's receipt of money, Buyers will have their own property, do Air Jordan Women the owners. 'Counsel finally thought it was a good idea, will continue to put the idea before the idea was satisfactory. Square Street not groundbreaking, new ways to buy property in the sales brochure I Recommend installments to the public: 'The first to pay the deposit of 50 percent of the second floor of the building personally percent fall due ten ...... sixth settle the balance of ten percent at the time received the occupation permit. 'The first day on sale of property, members of the public flocked. Contact at Ericsson Ltd selling properties and a high dew cloud solicitor, to pay the deposit to buy property in a long line of people. This is the first time introduced the installment plan. After that, when we sell the Square Street to other buildings, and sales continue to improve this method, the first phase of the deposit to reduce the total prices of ten to thirty percent, to attract more people to buy property . Hong Kong people are put under construction or not yet started the construction of the building or one of the units, vividly described as 'uncompleted'; Nike Hyperdunk I made the sale 'uncompleted' is 'sale of flats.' 'Sale of flats' has become a global business practices are used in the real estate industry, and Ericsson company is the first company to implement this approach. 'Forward sale' is a revolutionary breakthrough in the Hong Kong real estate industry business practices. To buyers, this method reduces the lump sum payment they all floor section of pressure, so many people can be involved in real estate trading market, even those women slightly savings, as long as not too much to pay a more money, you can pre-order the new building unit, until the completion of the building make up the balance, you can own their own property. I really can not think, 'forward sale' method published, the Hong Kong property sector crazy up, the general public rolled into the whirlwind of real estate; we are responsible for the development, construction of the sales office buildings, there are many members of the public every day from Hong Kong and Kowloon swarming around, the team long line, sales unprecedented. Among them, small government employees, have a monthly income of two or three hundred teachers and employees, ordinary housewives, Air Jordan Others there are those who do not marry for life 'Intimates woman' ...... Some people queuing sale to 'uncompleted' after, then the 'uncompleted' resell someone else, between the day had made a fortune ...... for us, 'forward sale' to accelerate the sales of buildings, accelerate the recovery of funds; and close enough to home buyers who paid in advance deposit Nike Air Force 1 after the buildings under construction, but also to avoid investment risk, foolproof. During that time our real estate flow of goods, new flats on sale in the newspaper a publication, often within a day ordered exhausted. Just over a year of time, we have built more than one hundred sites in the Square Street buildings, six hundred multi-layered, off the contract over five hundred thousand feet of buildings, spectacular. Square Street area, has thus become the first in Hong Kong, one of the largest estates. To earn ten thousand yuan each floor of dollars, just Square Street site, we earned more than six million; moreover, their little investment, basically rely on the buyer's deposit-built buildings. 'Sale of flats' Today has Nike SB certainly not what is new, but forty years ago, when we first proposed this new approach, the real estate sector and the social repercussions can be 'ground-breaking' words to describe. Hong Kong is the world's first implementation of 'forward sale' method where this method is now already in the world promoting the use, has become an inevitable method of selling new real estate properties for sale. Over the years, many people have asked me, 'forward sale' inspiration comes from. Actually very simple, run factories, can not do their own spot on there for many buyers to buy, general orders are received after the production. With orders and deposit, the factory will be able to start, sales are guaranteed. And engage in real estate, too, to put it nicely some of our Nike Shoes real estate is to industrialize. The above article is selected from Jiangsu Phoenix Publishing House 'Henry Fok autobiography - the current situation of the business.'