Rebirth: The Era of Hong Kong Tycoon

Chapter 289 [Prepare to buy bottoms]

XNUM X Year X NUM X Month.

In the conference room of Evergrande Real Estate, Lin Rongheng received Chen Zengxi from Hang Lung Real Estate, Zheng Yutong from New World Real Estate, Liao Liewen from Liao Enterprises, and others. They were all for the project of building property rights for nine subway stations along the Hong Kong Island, and sat together.

At this time, the consortium headed by Hang Lung has completed the construction of the Cotton Tree Building on Murray Road in the Central District, and is planning to start the Xiangshan Building in the second section of Admiralty (Admiralty Station, and later build the Benda Center).The development right on Admiralty Section 7 Station covers an area of ​​105 square feet. Since there are no buildings around, the floor area that can be built is very large. In the previous life, it was the twin buildings - Benda Center, with a total floor area of ​​80 million square feet; the former Benda Center was one of the five largest buildings in Hong Kong in the [-]s.

Last month, Chen Zengxi and others suggested that the Hong Kong government reduce the land subsidy fee from 18 billion Hong Kong dollars to 14 billion Hong Kong dollars, but was rejected; The promise was temporarily withdrawn; even the Hang Seng Bank behind Zheng Yutong rejected the loan for this project.

The Hong Kong government has set a deadline of 28 days. The Hang Lung Consortium must complete the payment of 18.2 billion Hong Kong dollars. Otherwise, the Hang Lung Consortium will be deemed to have breached the contract.

Seeing that the time was ripe, Lin Rongheng sent someone to contact the Hang Lung Consortium, expressing his intention to take over the project, so everyone sat together.

Lin Rongheng will not force others to do anything difficult. After all, the Hong Kong government withdrew the development rights and will invite new tenders in 1985. Who will be Evergrande's opponent at that time?
Chen Zengxi has nowhere to go, and the appearance of Evergrande Real Estate made him very happy; originally, Hang Lung had planned to withdraw from this project, and the 4 million Hong Kong dollar Tatbook would not come back; Very nice result too.

Chen Zengxi is a conservative businessman, and he has already figured it out. Only Zheng Yutong has been seeking help from many banks recently. No doubt, no bank dares to provide long-term loans to real estate companies; How long will it last, will it develop wars and other issues.

Lin Rongheng opened his mouth and said to everyone: "Evergrande Real Estate has no problem taking over this project, and you don't need to lose the booking funds."

Everyone undoubtedly showed the expressions of the rest of their lives after the catastrophe!

Chen Zengxi said gratefully: "Evergrande Real Estate is willing to take over this project, which saved us a huge loss of funds. I am really grateful to Lin Sheng!"

Lin Rongheng smiled and said: "That's true! To be honest, if you withdraw from this project, if the Hong Kong government takes it out for re-auction in the future, Evergrande Real Estate may not have to pay such a high price. Of course, we are not actually doing good deeds , mainly Evergrande Real Estate and my family, they just don’t want to wait a few years!”

It turned out that it was this man who was in a hurry to build the building. Of course, everyone knew that Evergrande Real Estate had indeed saved everyone once.

Zheng Yutong asked tentatively: "Lin Sheng, what do you think of the outcome of the Sino-British negotiations?"

Lin Rongheng has a close relationship with the mainland government. It's normal for these people to want to make stereotypes.

Lin Rongheng said: "Zheng Sheng has also visited the mainland, and he should know that the mainland is opening up! So, regardless of the outcome of the negotiation, the future of Xiangjiang is still very good. Of course, the negotiation will take time, maybe two years, maybe three years , in short, everyone should be patient."

In this Sino-British negotiation, Lin Rongheng has one task - to be a person who stabilizes Hong Kong's economy. This is like a political task.

Zheng Yutong added: "Whether Evergrande Real Estate accepts the joint venture project or not, our New World only needs 25% of the original shares."

Cooperation is a good thing, but this project is not suitable for cooperation.

Lin Rongheng said: "I'm afraid it won't work, because we plan to rent out the building of this project instead of selling it; moreover, my family may buy the commercial building in it. In this case, Zheng Sheng's joining will make things too complicated."

Zheng Yutong said bluntly: "I know! Lin Sheng is the biggest real estate friend in Xiangjiang, and his actions are generous!"

Lin Rongheng also responded: "The New World project is also a real estate project that has attracted the attention of Hong Kong. Doesn't Zheng Sheng also like big projects?"

Seeing Lin Rongheng and Zheng Yutong boasting to each other, Chen Zengxi couldn't help but sigh that he was old and his mentality was also old. This time he was hit hard. Thinking that the [-] million Hong Kong dollar tart order was almost gone, Chen Zengxi couldn't sleep well for a month.

Evergrande Real Estate took over the property rights of the eight subway station buildings this time, but it was not a high-level acquisition.The first stop, Admiralty Section [-], may be a high-ranking pick-up, but the subsequent land compensation fee must be much more cost-effective than waiting for the Hong Kong government to re-tender, and Evergrande Real Estate will go to bid again.

The land supplement fees for the eight stations are negotiated in stages, and next year (1983) we can discuss the second station, which will definitely offer a lot of discounts; It is more cost-effective to win the bid again in 1985, because the timeline has been advanced by more than two years.

Evergrande Real Estate bucked the trend and set off a storm on Hong Kong Island.

Originally, Evergrande Real Estate would have invested more than 40 billion Hong Kong dollars ([-]% equity) in the trading center project; now the investment in eight of the second section of the subway is as high as nearly [-] billion Hong Kong dollars (including land supplement fees and construction costs), Although it is invested in stages, who knows when the real estate will fall.

In the conference room of Evergrande Real Estate, a group of high-level executives were having a meeting. There was a new face among the high-level executives, that was Huo Jianning. He had just been appointed as a director of the company by Lin Rongheng, barely among the top management of Evergrande Real Estate.

After Evergrande Real Estate paid the land fee for the Exchange Square (26%, 18.2 billion Hong Kong dollars) and the 8 billion Hong Kong dollars for land remediation at the Admiralty Station on the second section of the subway, the remaining cash flow was only [-] million Hong Kong dollars.

Therefore, this meeting is mainly to discuss how to obtain funds to buy bottom in this wave of market.

Lin Rongheng said: "I will lobby various banks to obtain a loan of about 30 billion Hong Kong dollars; if it is actually mature, we can also cash out Japanese assets and return to Hong Kong to buy the bottom. In short, it is impossible for Xiangjiang to have a future Yes, we still have to be optimistic about Xiangjiang's real estate industry!"

Wu Hao nodded and said: "The trading center and Benda center have been taken down by us, and now there is a development and trade center! But recently, the Development and Trade Bureau is changing the mastermind, and we can only express it after the new chairman takes office. Our willingness to cooperate. Don’t worry, the boss. I heard that the real estate developers who were originally interested have already retreated. I think we have great hopes.”

Lin Rongheng said directly: "The new chairman of the Development and Trade Bureau seems to be Deng Rulian, the director of Swire Pacific. Although she is a woman, she is very capable; and the achievements of the Development and Trade Center are suitable for new officials to take office. got a head start."

In the past, the Development and Trade Bureau was up for sale, but now there must be no decent real estate developer willing to cooperate with the Development and Trade Bureau. If Evergrande Real Estate is willing, it can definitely be done before the Sino-British negotiations.

As for Zheng Yutong's new world, the previous life was an agreement signed after the Sino-British negotiations. There is a high probability that Zheng Yutong had already started contacting in the first half of 1984.

In the conference room, everyone had a heated discussion, and there was a consensus that they would buy real estate at the bottom next year.

Although the cash flow of Evergrande Real Estate is not too much, but less than [-]% of the unsustainable debt, those banks will definitely consider this situation and lend to Evergrande Real Estate.

Starting next year, Evergrande Real Estate will have another major task, which is to increase its land reserve.

Land reserve is the top priority of a real estate company. If you really want to buy land and then build a building at the peak of real estate, not to mention earning a little, you have to take great risks.

Evergrande Real Estate has three major commercial projects in its hands: Trading Center, Benda Center, and Development and Trade Bureau.

And Lin Rongheng's personal real estate company, Evergrande Real Estate, will also make a large-scale bargain hunting during this bargain hunting, mainly in commercial real estate, as well as high-end villas and residences.

(End of this chapter)