The Wealth Empire Crossing the Hong Kong

Chapter 664
After experiencing Black Monday, we ushered in Black Tuesday one after another. The stock market continued to fall on Wednesday. If there are no special events, I am afraid that Black Wednesday will be inevitable.

And on this day, neither the upper echelons of the Xiangjiang business community nor the major media focused on the stock market, but on local auctions.

Due to too many auctions, the auction lasted for three days, officially starting at 12:14 in the morning. According to the plan, it will end at [-]:[-] pm, with a break of one and a half hours from [-]:[-] to [-]:[-].

136 pieces of land, from No. 1 to No. 136, except for No. 1 land, the further to the back, the higher the commercial development value of the land, especially the No. 136 land. Although the area is not the largest, but because it is in Repulse Bay, it is also It will be the focus of this soil auction competition, and the land king has a 90% chance of belonging to this piece of land.

Today's soil auction is also full of bigwigs, not to mention members of the Hong Kong consortium of Donghua, Far East, Xinhong, Xinya, and Nanjiang, even the core members of the Xianghua consortium, which focuses on the north, also came to the soil auction site , Nanyang Association Xiangjiang members also came here in Xiangjiang, and there were also representatives of many powerful foreign-funded enterprises present.

The Bryan government also attaches great importance to this land auction. Although Bryan did not come to attend, the chief executive, Xoss, and the financial secretary, Ross, attended the site in person. The auction was also presided over by the director of the Land Planning Department.

Perhaps it was to deliberately provoke a scramble between several parties. The arrangement of the land No. 1 is quite delicate. It is located on the east side of Shatian University Town.

The starting price is 5000 million, and the minimum price increase is 100 million, and the integer is in millions.

All parties are very interested in this piece of land, especially real estate companies like Xiangjiang.

As the president of Hutchison Land, Li Huidong was the first to quote, and the price was not only a one million increase, but a direct quotation of 8000 million Hong Kong dollars, which directly made the unit price exceed [-] Hong Kong dollars per square foot, which is also close to the current market in Shatin price.

It’s just that all parties have no intention of giving up this piece of land. Swire Properties, Cheung Kong, Sun Hung Kai, New World, Hong Leong Group, etc. successively made bids, and the auction price quickly exceeded [-] million Hong Kong dollars.

Obviously, the major forces have discussed internally. For the No. 1 land, all the forces have only one real estate company to offer.

Li Huidong, who has sufficient funds as a guarantee, is determined to win the No. 1 plot. After several parties quoted the price, he directly quoted a price of 1 million.

This has obviously exceeded the current actual price of this piece of land, but considering the future situation, this price will not scare the other parties.

In particular, Swire Properties and Sun Hung Kai Properties have reported high prices of [-] million and [-] million successively, pushing the unit price of this piece of land to more than [-] Hong Kong dollars per square foot, which is already comparable to the land prices in Yau Tsim Mong and Hong Kong Island. flat.

I don’t know what mood the representatives of major real estate companies are in. Xoss, Ross and others are very happy. This land auction will definitely generate huge financial revenue for them. Airport and several important subway lines.

The rich and powerful Hutchison Properties obviously would not give up this piece of land. Li Huidong made successive bids and finally won the piece of land at a price of [-] million.

From the current point of view, the price of this piece of land can be said to be seriously inflated. If there is no limit of 50 hectares, it is absolutely impossible to auction such a price during this period.

The price per square foot has reached more than 1400 Hong Kong dollars, nearly [-] million Hong Kong dollars per mu, which is expensive enough in this period of Hong Kong. The current market price, even in Kowloon City and Hong Kong Island, is not so high .

Although it is relatively high, Li Jianhui still thinks it is worth it. He believes that with the rapid economic development of Xiangjiang and the continuous implementation of the Bryan policy, the land price will inevitably soar rapidly. In a few years, the market price of this land will exceed the current price .

Considering that [-] or [-] years later, the price of land per square foot will be as high as tens of thousands of Hong Kong dollars. Now this inflated price is really nothing.

……

Starting from Land No. 2, the commercial value is relatively small, and none of the parties has the intention to win it. Compared with Land No. 1, the competition between several parties is not too fierce. On the contrary, representatives of many small and medium-sized real estate companies bid fairly lively.

These people may also understand that their chances are from the 2nd to the 30th, and the further they go, the smaller their chances are, and those are the battlefields of large-scale real estate battles.

The Donghua Association saw that the major forces did not make any moves or bid. When eating meat, they still have to give these small and medium-sized enterprises a drink of soup, and everything can't be too extreme.

In particular, the Donghua Society itself has a land reserve no less than the area of ​​this auction. If it is also eaten up this time, it will really become the target of public criticism.

For this auction, Donghua will have two purposes. One is to win a more important piece of land, the area of ​​which is not less than one-third of the auction, and try to get half of it.

The other one is aimed at Nanjiang Club and Xinhong Club. Nanjiang Club is because of the previous right to issue banknotes in Hong Kong dollars, and Sun Hung Club is considered by Tung Wah Club to be the most threatening business consortium in Greater China to Tung Wah Club.

The auction in the morning only completed the auction from No. 1 to No. 25. In addition to Hutchison Real Estate who won No. 1, Xinhui Real Estate won No. 23, and Jiulong Jianye won the auction. 25 good land.

Li Jianhui and others are not too anxious about this. The focus is still on the auction the day after tomorrow, when the money will be contested.

At the end of the auction in the morning, Kesos said: "Thank you very much for participating in this auction, and I would like to take this opportunity today to announce several recent investments made by the government.

First, the site of our new Xiangjiang Airport has been determined. It is located at Chek Lap Kok, Lantau Island. The planned construction period is five years, with two runways and two terminals. The construction will officially start next month, with a planned investment of 700 billion Hong Kong dollars.

We will simultaneously build the subway lines from the new airport to Tsuen Wan and from the new airport to Kowloon. In addition, the subway lines from Tsuen Wan to Tin Shui new urban area and the subway lines from Central to Tseung Kwan O new urban area via the Eastern District will also enter the comprehensive construction stage next month. The construction period will be three years .

The construction of Yuen Long University, Yuen Long Polytechnic University, Heung Kong Conservatory of Music, and Heung Kong Academy of Fine Arts planned by our government will also be accelerated. It is expected that the first batch of students will be officially welcomed in the next year.

The expansion of our Lingnan University will also start to ensure that it can welcome the first batch of college students in September next year.

In addition, our government has also planned the subway lines from Tseung Kwan O New City to Fenshui New City via Dapu, and the subway lines from Tianshui New City to Fenshui New City.

In a few years, there will be no remote places in Xiangjiang. No matter whether it is in Yuen Long or the North District, whether it is in Sai Kung or Tuen Mun, we can reach the central city within an hour. "

Those present were quite aware of the purpose of Xoss' words, which was nothing more than to create momentum for the next auction and push up the price of the auction.

Although all parties know about it, because of the relationship between the parties, it can only benefit the Bryan government. In the past, several parties could not unite as one, let alone now, no party is willing to cede the two lands to each other.

In the future, all parties can only speak based on their strength, and it is impossible to pick up leaks. The further to the back, the higher the transaction price will be.

(End of this chapter)