Started from Hong Kong Island

Chapter 230 [Reclamation Land in Tsim Sha Tsui East]

Time flies, and in the blink of an eye it was mid-April 74.

The appreciation of the Japanese yen was just as Li Wendi had expected. As a younger brother, RB had no ability to resist and could only allow the Americans to control it. The exchange rate of the US dollar against the Japanese yen directly increased to 1:298, and the appreciation rate reached 17.2%.

Li Wendi was delighted when he saw the report. He could earn about 6000 million Hong Kong dollars from this risky investment, and that was in just one month.

Li Wendi knew that the Japanese yen would continue to appreciate. It appreciated intermittently over the next seven years, once rising to 7. Unfortunately, he did not have that much time to wait for this opportunity, and the interest of 240 million yuan did not allow him to continue waiting, otherwise the interest would swallow up all the profits.

So Li Wendi took a car to HSBC and prepared to convert all the Japanese yen to repay the 3 million yuan leverage.

When Wu Xiong saw Li Wendi, he smiled and said, "Mr. Li, you are here! Are you planning to sell Japanese yen?"

Li Wendi nodded and said with a smile, "Of course! I can't afford the interest on a 3 million yuan leverage for too long."

Wu Xiong was slightly stunned, and it was difficult to follow Li Wendi's answer.

The appreciation of the yen caught many people off guard, but after hearing the news, many people believe that the yen will continue to appreciate, because the United States will not let it stop. After all, the United States is now seriously in debt and needs to divert the blame to RB to reduce its own burden.

Therefore, the market demand for Japanese yen is huge, and 216 billion Japanese yen is simply not enough for the normal market to consume it all at once.

Two hours later, Wu Xiong finished handling the matter and came back to report to Li Wendi. "Mr. Li, you have sold all the Japanese yen in your hands. The funds you have recovered are 3.62 million yuan. After repaying the 3 million yuan leverage and interest, there is 5978 million yuan left. The funds in the account are 7478 million yuan."

Wu Xiong's face showed some excitement. He seldom saw such a huge sum of money, and it was only about one month's profit. Li Wendi's image began to be infinitely elevated in his eyes.

Li Wendi smiled pretending to be calm. This was the first time he had so much cash. "Transfer 5000 million to my personal account."

"Okay!" Wu Xiong did not do it immediately as there was no rush.

"Mr. Li, can I ask you a question?" Wu Xiong asked with some guilt, as this practice was against the rules.

Li Wendi waved his hand, signaling Wu Xiong to continue.

"Do you think the Japanese yen will continue to appreciate?" Wu Xiong asked.

Li Wendi nodded and said, "It will appreciate again, but it will take a long time and won't be as big as the first time."

In fact, the appreciation of the Japanese yen ten years later was even more rapid than it is now, but Li Wendi did not express such a long-term view, and Wu Xiong also asked about the situation of the Japanese yen in recent years.

Wu Xiong nodded thoughtfully. He wanted to buy Japanese yen. After all, the current stock market was too bearish. He wanted to make some quick money. However, the long time Li Wendi mentioned made him want to back off. No one knew when the stock market would pick up again.

"What about the stock market? What do you think?" Wu Xiong continued to ask, feeling jealous when he saw others making money.

"The stock market situation is very complicated, and no one can predict it. Didn't I not expect the stock market to recover suddenly last time?" Li Wendi shook his head. "But I still think it's more cost-effective to buy Japanese yen or real estate than to wait for the stock market to recover."

Wu Xiong's eyes sparkled, "I'll listen to Mr. Li."

"No, no, think about it again. If you are wrong, it will not be good for anyone." Li Wendi said with a smile. He was still worried that the stock market would have short-term fluctuations. After all, there was still more than half a year before entering 75.

After chatting with Wu Xiong for a while, Li Wendi said goodbye and left HSBC.

The official land auction organized by the Hong Kong government has arrived as scheduled.

Despite the downturn in the property market, many real estate developers still participated in the auction. I wonder if they were giving face to the Hong Kong government.

Li Wendi brought Zhang Wentao, Wang Tichuan and Gao Yi to attend the auction. The purpose was naturally to let them accumulate some auction experience. In the future, they can represent the company in some small auctions or bid for some important assets.

After greeting some acquaintances and chatting for more than ten minutes, the auction officially began.

What Li Wendi could not have imagined was that the second piece of government land to be auctioned was actually reclaimed land in Tsim Sha Tsui East, located at 61 Mody Road, covering an area of ​​2.8 square feet and with a starting price of HK$800 million.

This price was lower than Li Wendi had expected, but the number of competitors also increased dramatically. The strongest competitors were Huang Tingfang and his son from Sun Hung Kai Properties, who showed great interest in the reclaimed land in Tsim Sha Tsui East.

According to the original history, this piece of land was indeed bought by Sun Hung Kai Properties, and Huang Tingfang began to increase his investment in reclaimed land in Tsim Sha Tsui East, eventually making Sun Hung Kai Properties the landlord in the Tsim Sha Tsui East area and making a fortune.

Li Wendi certainly wanted to take over and become the largest landlord in Tsim Sha Tsui East in this life. After all, Tsim Sha Tsui East is now a desolate place, and those real estate developers are just trying to get a piece of the pie because the price is cheap.

In fact, Huang Tingfang and his son were not as determined as Li Wendi. They didn't know that the Tsim Sha Tsui East area would become a prosperous place in the future, and the current desolate place would become a place where money could be found.

"810 million!" Li Wendi immediately raised his sign and started bidding according to the reserve price. Then Huang Tingfang and his son raised their signs and shouted '850 million!'

Li Wendi naturally followed suit and offered '860 million'. Some other real estate developers also followed suit, but they stopped bidding after one or two times. It was obvious that their target was not the reclaimed land in Tsim Sha Tsui East, they just came to join in the fun.

Finally, under the continuous bidding of Sino Properties, Li Wendi won the reclaimed land in Tsim Sha Tsui East for HK$920 million.

For the next piece of land, Li Wendi asked Zhang Wentao and the other two to take turns bidding for the price. However, Li Wendi set an upper limit price for them. After all, their goal was not to buy the land at a high price, but just to practice.

Wang Tichuan and his friends were very surprised. Why did the boss spend a lot of money to buy the land reclaimed from the sea in Tsim Sha Tsui East? That place is not a good place. It is called the city, but in fact it is not as good as the land in the Kowloon Bay Industrial Zone.

Li Wendi smiled at their questions and said, "You will know in the future. Tsim Sha Tsui East is a prosperous place in the future."

However, Huang Tingfang and his son walked towards Li Wendi, clasped their fists, and said with a smile, "Li Shengru is said to be so young, and he has more courage than old guys like us. I am Huang Tingfang from Sino Properties, and this is my son Huang Zhixiang."

Of course, they were talking about the acquisition of the reclamation land in Tsim Sha Tsui East. It seemed that Huang Tingfang and his son were a little resentful about it.

However, Li Wendi is not afraid of Sino Land Company at all, because local real estate companies in Hong Kong regard the father and son as outsiders. Huang Tingfang is a wealthy businessman from Singapore, and he only started to enter the Hong Kong real estate industry in the past two years.

Although Li Wendi has a bad reputation, he is a native of Hong Kong, not an outsider, so the discrimination is not as strong as that against Huang Tingfang.

"The name of Sun Hung Kai Properties is well-known in Hong Kong. How could Mr. Huang lack courage?" Li Wendi also clasped his fists in return.

The market in Hong Kong is not big, but it has attracted a lot of overseas Chinese to enter the market for competition. Naturally, local Hong Kong businessmen have opinions, and Li Wendi also has opinions.

"Sino Properties is somewhat famous, but not as famous as Mr. Li." Huang Tingfang did not dwell on this and changed the subject, "Why is Mr. Li interested in the land in the reclamation area of ​​Tsim Sha Tsui East? This place is very desolate."

Li Wendi smiled and said, "Everywhere has its period of desolation. Two hundred years ago, who could have imagined that Hong Kong would become the metropolis it is today? Mr. Huang just bid many times for this piece of land. Why don't you seem to like it now?"

This statement is naturally sarcastic. You say it is desolate, then why do you want it so much?
"Haha!! I want to build a community here to boost the economy. The investment will probably be huge, and there will be no return in the short term." Huang Tingfang said a lot, but he still wanted to take over this piece of land.

It’s not so easy to take away the things in Li Wendi’s pocket.

Both parties understand that investing huge amounts of money is a scam.

As a shrewd businessman, how could he make such a long-term investment, especially in an era of rapid development when the rule of "goods are constantly changing" is emphasized?

Does Sino Properties intend to stick to the Tsim Sha Tsui East area where development is uncertain?

I'm afraid no one would believe it if I told them.

"Does Huang Tingfang of Sino Properties think we are fools? What's the big money? Doesn't he just want to take over this cheap reclaimed land in Tsim Sha Tsui East from us?" Zhang Wentao said with a sneer.

Zhang Wentao, Wang Tichuan and Li Wendi were in the same car, while Gao Yi was driving himself.

"It's just a few words. What if we can get it? It will be a great thing for them." Li Wendi said with a faint smile. If someone treats you as a fool, just treat you as a fool. Being able to bend and stretch is the true nature of a real man.

"Boss, do you want to build a business empire in Tsim Sha Tsui East?" Wang Tichuan saw through Li Wendi's thoughts.

Li Wendi was slightly stunned. He did not expect Wang Tichuan to guess this. There must be Huang Tingfang's reasons. He responded, "The Hong Kong Land Company is the landlord of Central, Hysan Property is the landlord of Causeway Bay, and Cheung Sun Properties can also be the landlord of Tsim Sha Tsui East. At the very least, they should be big landlords."

Zhang Wentao's eyes widened. It turned out that the boss's plan was so grand. No wonder he wanted to pay a high price to acquire the reclaimed land in Tsim Sha Tsui East.

"I'm afraid the land in Tsim Sha Tsui East won't be so cheap next time. Those people in the Hong Kong government still have some vision. And with Sino Land, we still need to prepare sufficient funds." Wang Tichuan continued to analyze.

This is a trial auction of land in Tsim Sha Tsui East by the Hong Kong government, and the next auction price will definitely be higher.

“Let’s talk about it next time. The auction situation this time was not very good. The Hong Kong government probably won’t hold another auction in the short term.” Li Wendi waved his hand and said.

Both of them nodded, but their eyes were different. Zhang Wentao was a little afraid, while Wang Tichuan was in deep thought.

Li Wendi does not plan to personally participate in this piece of land in Tsim Sha Tsui East. It will be managed by three companies, namely Capital Real Estate, China Entertainment Properties and Changxin Properties, with rights and interests of 30%, 35% and 35% respectively. Subsequent development will have to wait until the three companies have more funds.

The current situation is that the Tsim Sha Tsui East area is deserted. Even if a shopping mall is built, there may not be tenants to patronize it. If it is going to be wasted for some time, it is better to keep the land and wait for the Tsim Sha Tsui East area to develop.

After all, the funds now available can be put to better use, and it would be a waste to leave them in abandoned buildings.

(End of this chapter)