Rebirth: The Era of Hong Kong Tycoon

Chapter 162 [Investigate the enemy's situation 2]

After passing Wharf, Lin Rongheng and his party drove to the former site of Blue Chimney.

Looking at such a high-quality land, and Zheng Yutong only spent 1.3 million Hong Kong dollars, Lin Rongheng wished that he could travel a few years earlier, and this land would definitely be his own.

Lin Rongheng sighed: "It seems that New World Real Estate has marinated this piece of land and has no strength to develop for the time being!"

Zhang Ruohuai responded: "If this piece of land is sold now, it will be worth at least 2.2 million Hong Kong dollars, which can be described as a very cost-effective deal. In my opinion, real estate companies such as Sun Hung Kai, New World, Hopewell Properties, Cheung Kong Properties, Hang Lung Properties, and Sino Properties, They are all planning to go public, but they are all on the sidelines. Presumably they want to go public at the highest point of the stock market, so that they can raise more funds! If New World Real Estate can raise more than 1 million Hong Kong dollars, and then issue new shares to pump water, this piece of land will naturally It's time to start working!"

He Rui said with a smile: "Our boss listed Evergrande Real Estate at the beginning, and the Hang Seng Index was only around 170 points. We still developed Evergrande Real Estate to where it is today."

Lin Rongheng waved his hand and said: "We only raised less than 1.5 million Hong Kong dollars in total, but paid 40% of the shares; but if these companies go public in the second half of this year, they only need to pay 25% of the shares to pump 1.5 million Hong Kong dollars. The above. Therefore, their waiting is correct! Of course, I have my own means. Although we raised less than 1.5 million Hong Kong dollars, we have used the 1.5 million Hong Kong dollars in real estate to earn more than double. In addition All kinds of loans, we have already thrown them away, and our target is already Hongkong Land Corporation.”

The three of them listened and nodded. In fact, the three of them also knew that the backing of the boss's American consortium was also a key role; but the boss had always kept his backing secret, so the three of them naturally would not take the initiative to inquire.

From Kwai Chung to Wharf, and from Wharf to the former site of Blue Chimney, it is a route from Kowloon West to Kowloon East.

At the fourth stop, several people came to East Tsim Sha Tsui, which is currently undergoing reclamation.

Before the late 60s, the development of Tsim Sha Tsui was limited to an area within a radius of one mile from Cameron Road. There were already many merchants here and it was very crowded. It was obviously not enough to meet the new needs of development; the Hong Kong government continued to expand the economic development of Tsim Sha Tsui. , So in the late 60s, a large-scale reclamation project began in East Tsim Sha Tsui.

Lin Rongheng looked at Jiandong, which has entered the late stage of the reclamation project, and said confidently: "In two or three years, if the land here is auctioned by the Xiangjiang government, all the land near the sea will be in my pocket! Not only that , Most of the land here is also in my pocket!"

With such a domineering tone, several people couldn't help but think at the same time, the boss is so confident, could Evergrande Real Estate still have a wave of development?
He Rui said tentatively: "Boss, I heard from friends from the government that the East Tsim Sha Tsui reclamation project will fill in a total of 188 million square feet (17.4 square meters), more than half of which is millions of square feet of land. According to the current land price, I am afraid About 20 billion Hong Kong dollars!"

Lin Rongheng smiled and said: "Don't worry! Who would have thought that three years ago, I was still a poor boy! What's more, maybe I will auction these coastal lands in a private way, and Evergrande Real Estate will take the land on the land side. "

When the three of them heard the words, they were a little curious, how much backstage the boss still had, and the cash flow of several billion Hong Kong dollars dared to boast.

In fact, the three of them didn't know at all. According to history, the auction of East Tsim Sha Tsui began in 1975, and the average land price was much lower than it is now; what's more, when did Lin Rongheng already have enough cash flow.

To say the least, in Xiangjiang's real estate, it possesses unrivaled power.

In the previous life, nearly half of the land in East Tsim Sha Tsui was auctioned by Sino Real Estate; the founders of Sino Real Estate were Singaporean businessmen Huang Tingfang and Huang Zhixiang and his son; when these lands were auctioned, Xiangjiang Real Estate fell into a low ebb due to the Middle East oil crisis and the world economic recession. The Huangs and his sons did the opposite, investing a lot in the real estate industry in Xiangjiang and buying a lot of land in East Tsim Sha Tsui.Their bids were high at the time, which aroused the attention of their peers, and some even ridiculed that the Huangs and his sons were crazy.Later, real estate boomed, and Sino Land was not only not expensive, but also made a lot of money.

Sino Land's buildings in East Tsim Sha Tsui include: Tsim Sha Tsui Center, Empire Center, Hershey Center, Wing On Plaza, Nanyang Center, and Tsim Sha Tsui Plaza, all of which are high-quality rental properties, comprehensive businesses of shopping centers, hotels, and office buildings.

However, although Sino Real Estate purchased so many high-quality land and buildings in East Tsim Sha Tsui, most of the properties are mainly for development (sale), supplemented by investment properties (lease); in this way, they will naturally lose a lot of wealth .

Of course, this may also be related to their lack of strength!
Only now did the Three Musketeers of Evergrande Real Estate know their boss’s ambitions. Today, I’m going to show you so many high-quality land and properties. I’m afraid the boss wants to get all of them. Most of them will fall into the hands of the boss.

Continuing to the east, several people came to Huangpu Dock again.

Lin Rongheng asked: "Do you know how big the Huangpu Shipyard is?"

Zhang Ruohuai replied: "About 200 million square feet!"

Lin Rongheng asked again: "Do you know how much Hutchison paid to take down the Huangpu Dock?"

He Rui replied: "In 1969, Hutchison International raised 7200 Hong Kong dollars through the issuance of preferred shares, purchased 30% of the shares of Whampoa Dock, and took control of Whampoa Dock in one fell swoop."

Lin Rongheng nodded, and couldn't help praising: "What a chain ship! Hutchison International holds the Whampoa Dockyard, and Hutchison National controls the Junyi Warehouse through the Whampoa Dockyard; in this way, Hutchison Matheson is the largest landlord in Xiangjiang. "

Whampoa Dockyard is a company. In addition to about 200 million square feet of land in Whampoa Dockyard, it also owns the Aberdeen Wharf at the southern tip of Hong Kong Island, covering an area of ​​more than 20 square feet. More than ten thousand square feet, later generations built the Hefu Center.

It can be said that Li Ka-shing obtained a large amount of cash by virtue of these lands; relying on this cash, he invested in a large number of projects, and his wealth continued to grow.

Huangpu Dockyard and Junyi Warehouse are not only this land, but also other properties; in addition, the two companies also jointly invested with Hutchison International in the container terminal in Kwai Chung.

Control a listed company like this with only about 30% of the shares, and then use the financial strength of this listed company to continue investing; in this way, you can develop a huge business map at the fastest speed.

This was the case with Hutchison Matheson in the previous life. In just a few years, it has grown from a group with only a few dozen affiliated companies to a super large group with 300 affiliated companies, which almost surpassed Jardine Matheson.

If it weren't for the double blow of the stock market crash and the oil crisis, Qi Dezun's business empire would not have failed, and he made a wedding dress for Li Chaoren.

Looking at the huge Huangpu Dock, Lin Rongheng pointed Jiang Shandao: "If I come to develop this huge land, I will build more than 90 residential buildings on it, with a total of 11000 residential units and a total floor area of ​​about 800 million square feet. It can accommodate 5 people living here at the same time. At the same time, in the coastal area, a commercial complex can also be built for rent collection, with an area of ​​about 180 million square feet. After the entire project is completed, it will be like a 5 A city where ten thousand people live—a city within a city."

Several people couldn't help being shocked, what a huge project this is!

Based on the development experience of Evergrande Real Estate, the largest site at present is only a 500-unit building.

Of course, it was only because Lin Rongheng came here for a visit, but Lin Rongheng had already regarded this place as his own property.

Wu Hao sighed: "To have such a work is the pride of the real estate people, and it is also a great achievement of the real estate company!"

Lin Rongheng seemed to be pointing and said: "In the future of Xiangjiang Real Estate, there will be more and more such large-scale housing projects. We will definitely have the opportunity to complete several projects."

The few people are naturally full of confidence. The strength of Evergrande Real Estate is increasing rapidly, and it is indeed the most capable to complete such a large project.

(End of this chapter)