The Wealth Empire Crossing the Hong Kong

Chapter 198
"Congratulations to Hang Lung Group for bidding this piece of land at a price of 5.6 million Hong Kong dollars. The next auction is a 113.72-square-foot commercial land on the east side of Hong Kong University of Science and Technology and Hong Kong City University. The starting price is still [-] million Hong Kong dollars. Please Offers from companies interested in the land."

Although this piece of land is not in a central and prosperous place like Yau Tsim Mong in Central, its commercial value is quite high because it is close to two universities. Whether it is building a commercial complex or building a residence, it will have a very good prospect.

Therefore, the auction of this land also attracted the entry of many real estate companies, and Li Jianhui also participated on behalf of Xinjian Real Estate.

Including Hang Lung, the key enterprises in Shatian do not want Xinjian Real Estate to succeed. In the real estate industry of Heung Kong, Wheelock develops commercial complexes, and the impact is not too great. would have had too much of an impact.

Only Xinjian Real Estate is regarded as a price killer by the real estate industry. Although the residential quarters established by Xinjian Real Estate have a high floor area ratio and poor comfort, the price is definitely the lowest in the surrounding market.

At present, the vast majority of ordinary citizens in Xiangjiang don't care how comfortable they can live, they just want to have a shelter from the wind and rain.

Once Xinjian Real Estate acquires this piece of land, it will inevitably develop it at one time like Tseung Kwan O Fai Hongcheng, providing thousands of houses at a time. Coupled with the price below the market, it will inevitably hit the housing prices of the entire Sha Tin District.

As a result, every time Li Jianhui made an offer, the company immediately made an offer, and his attitude to prevent the Xin Jian family from entering Shatian was quite firm.

The reason why many real estate companies like to buy companies and factories with a lot of land can be seen from this, the land price of this auction has soared to [-] million Hong Kong dollars.

Amoy's factory area is only less than one hectare less than this, and the company's brand production line is added, and it is only more than [-] million Hong Kong dollars.

Even if you have to pay a premium for land in the future when switching from industry to commerce, it is far more cost-effective than getting land at an auction.

In Li Jianhui's plan, several major real estate companies in the Xinjian Department will investigate and find opportunities to acquire factories that are about to be relocated or go bankrupt. Expensive, and very few, far less cost-effective than the acquisition of factory areas.

When the price climbed to [-] million Hong Kong dollars, Li Jianhui directly increased the price by [-] million Hong Kong dollars, quoting [-] million Hong Kong dollars.

Li Jianhui can be said to be quite ruthless this time. In the past, Xiangjiang real estate companies bought land at a relatively low price, and then developed it slowly one by one, and developed a project for more than ten or twenty years.

But now that Li Jianhui has raised the land price too high, they must increase the amount of development in order to quickly return the funds, otherwise their corporate funds will have problems.

The happiest person today is undoubtedly the Xiangjiang government. The auction prices of these lands today can be said to have exceeded their expectations. They very much hope that this situation can be maintained for a long time.

Chen Zengxi really wanted to continue to increase the price, but the last round of auction had already cost 5.6 million Hong Kong dollars. The funds in Hang Lung Group's hands were not endless, and he could not let the group face the risk of breaking the capital chain just to win the moment.

However, Jardine was obviously unwilling to let Li Jianhui take over the land so easily, and even more unwilling to see Xinjian Real Estate, a company that destroyed the market price, in Shatian District. Newbikin directly added [-] million Hong Kong dollars.

Li Jianhui is rich and powerful, and without waiting for other people to quote, he directly raised the price to 6.5 million Hong Kong dollars.

Seeing that no one made any more offers, Chris said loudly: "The first time is 6.5 million Hong Kong dollars, the second time is 6.5 million Hong Kong dollars, and the third time is 6.5 million Hong Kong dollars.

Congratulations to Xinjian Real Estate for winning the A6.5 land in Sha Tin with HK$2 million.

The following is the last piece of land in our auction today, and it is also the piece of land that everyone is most concerned about. It is located in Yiu Tung Village, East District, Hong Kong Island. . "

The land auction by the Xiangjiang government is very interesting. The more important the land, the lower the price relative to the land value. On the contrary, the less important land is priced at 80% of the market price of the land.

This piece of land is located in the eastern district of Hong Kong Island, and its value is much higher than that of Yau Ma Tei. This piece of land is used to build a small commercial complex, and there is absolutely no worry about not being able to rent it out.

No matter how prosperous Kowloon is and how powerful Yau Tsim Mong is, the center of Hong Kong Island is still the center of Hong Kong Island, and most of the group headquarters are also on Hong Kong Island, especially the top [-] companies in Hong Kong by market value. .

Even Huihong Group, which was in Kowloon before, moved to the International Building under Wheelock Group in January, and the upper class people in Hong Kong basically live on Hong Kong Island.

As a result, Hong Kong Island’s housing prices are the highest in Hong Kong, and land prices have naturally risen. This time, Merris did not increase from the lower [-] to [-] million, and the first quotation was [-] million Hong Kong dollars.

And this time is not like the land in Yau Ma Tei, for which Hutchison Land is bound to win, as long as someone raises the price, Meris will immediately increase the price, and the price of this land will break through to [-] million Hong Kong dollars in a short period of time.

However, such a price did not make Jardine, Swire, Wharf, Henderson, New World, Cheung Kong, etc. shrink back. Under the competition of several companies, the price broke through [-] million Hong Kong dollars in less than a minute.

"Xinjian Real Estate bid 9.6 million Hong Kong dollars. Is there any company to increase the price?"

"Okay, Jardine Land has bid 9.7 million Hong Kong dollars. Is there any price increase?"

……

The price has been driven up by several companies, and it has reached 12.5 billion Hong Kong dollars. At this time, only Jardine Land and Hutchison Land are left.

Newbigan didn't dare to increase the price at will at this time, the price was already quite high, if it was in the Central and Western District, he would definitely increase it again.

It’s just that this is located in the East District, and it is more suitable for the construction of office buildings. It needs to invest a lot of money in the early stage, and the cycle of recovering the cost is much longer than that of residential buildings. Once Jardine has invested a lot of money in it, it will be detrimental to the overall development of Jardine.

When Merris quoted a price of 13.2 billion Hong Kong dollars, Nubijian completely chose to give up. Facing the wealth and wealth of the Xinjian Department, he could only choose to back down.

He didn't understand why the Xinjian Department was able to have such a huge amount of funds because there were big projects everywhere and it took a long time to pay back.

Not counting the funds from the previous auction, just for the last two lands, the Xinjian Department needs nearly [-] billion Hong Kong dollars in cash, and it needs to be handed over to the government within three days. Where does the Xinjian Department get the confidence.

Newbigan felt that it was necessary to cooperate with some people and allies to find out the bottom line of Xinjian Bank and its allied banks to see if they had loaned all the funds of bank depositors to several major real estate companies.

Not to mention Xinjian Real Estate, this is Hutchison Real Estate, which has invested a lot this year. This time it cost more than one billion yuan to acquire land. Where did the money come from? He wanted to see if the Xinjian Department was really not short of money. Still beating a swollen face to pretend to be fat.

　Thank you for the rewards of reincarnation thousands of times in dreams, Do you think, Gui Ye Mo Fengcheng, Feng Thirty-nine, Wu Chengen 1, Ban Fenghe, who has no sense of existence
　　Thank you for your subscription and support, and thank you for your monthly and recommendation tickets

　　
　
(End of this chapter)