Started from Hong Kong Island

Chapter 90 [Auction 090]

Li Wendi doesn't understand the broken rules of the upper class, nor does he want to understand too much for the time being, because that is a bondage. Now he needs to be wild, and only wildness can allow him to accumulate huge capital.

It would naturally not work for Chen Xingting to use the rules of their circle to deal with Li Wendi, after all, Li Wendi was not from the circle.

Before sitting down, Li Wendi glanced around the venue and noticed a phenomenon: there were generally no Chinese in the foreigner circles, and there were no foreigners in the Chinese circles. It was obvious that in the upper class, the English and Chinese circles were incompatible.

The heads of major companies such as Hong Kong Land, Wheelock and Hutchison Whampoa were all present, and future Chinese capital bosses were also present. Li Wendi made the right decision to come this time, as he could see what a top auction was like and accumulate some experience for future auctions.

The British were still quite arrogant at this time. The economic lifeline of Hong Kong was still in their hands. The Chinese just had some money and had not yet been able to shake their position.

Chen Xingzhou glanced at Li Wendi. He did not mean to laugh at Li Wendi for being naive. Instead, he thought Li Wendi was very interesting. He started planning for the future with only a few million dollars in net worth, and his confidence in becoming bigger and stronger was so high.

In fact, Chen Xingzhou had only one purpose for this trip: to buy a piece of land of considerable value in order to increase the assets of Changheng Real Estate Company so that it could be successfully listed in the next few months.

Therefore, this auction is important to Chen Xingzhou, but Chen Xingting will definitely stop it and raise the auction price by relying on the powerful background of Chen’s Jewelry Company, so that Chen Xingzhou will return empty-handed or suffer losses.

Li Wendi knew what Chen Xingzhou and Chen Xingting were thinking. He didn't care about this matter because if Chen Xingzhou couldn't do it, it would prove that Chen Xingzhou's ability really needed to be improved, and there would not be many opportunities to cooperate with Chen Xingzhou in the future, so there was no need to worry.

Soon, the auction was announced to begin.

The first person to come out was the host, who said a lot of nonsense, "Ladies and gentlemen, welcome to the auction venue! I am the host."

The wealthy people in the audience didn't care what the host said. Many of them were whispering. Few people wanted to waste their time on the host. It would be better to connect with the people around them.

".The first plot of land is located next to Princess Road in Tsim Sha Tsui, with an area of ​​36000 square feet. The starting price is 680 million, and each bid must not be less than 20." The auctioneer looked around and saw that the atmosphere was almost right, so he dropped the hammer and said, "The bidding will begin now!"

"700 million!" The real estate developer at No. 55 was the first to raise the sign and shout out the price.

The location of Princess Road in Tsim Sha Tsui is not very good (based on the current situation), but it has great potential. According to the current speed of development, within two years, the land on Princess Road will become a hot commodity and a high-priced commodity, definitely not the current 680 million.

Li Wendi was about to talk to Chen Xingzhou, but when he turned around, he saw Chen Xingzhou holding up a sign and shouting "750 million!"

So Li Wendi swallowed the words on his lips. He had a feeling: Chen Xingzhou's target was not this piece of land, and he did this just to disrupt Chen Xingting's judgment.

Within 5 minutes, the land was bid up to 840 million. If the first piece of land exceeded million, then the subsequent land would definitely not be cheap, so the Chinese began to give up and no longer chase.

After all, this is only the first piece of land. If the price is too high, it will only benefit the Hong Kong government.

In the end, the land was sold for 880 million under the regretful gaze of the auctioneer. The company that won the land was a small real estate company.

Li Wendi was a little surprised that such a small piece of land could be bid for nearly 1000 million yuan, but when he thought about the current housing prices, he felt it was natural to have a good profit.

"Mr. Chen, is there any progress on the listing of Changheng Real Estate Company?" Li Wendi asked with a smile.

He was still thinking of making millions of profits from this, and he had lost a lot (long-term interests) when he let go of Changheng Real Estate, so he had to make it back from the listing.

Chen Xingzhou laughed softly and said, "To be honest with you, Mr. Li, I plan to get a piece of land of considerable value at this auction, just to successfully list Changheng Real Estate." According to the price of the first piece of land, all the assets of Changheng Real Estate would have to buy one piece of land. Obviously, Chen Xingzhou wanted to 'borrow chickens to lay eggs' and borrow 7% of the money for the entire project from the bank.

"Mr. Chen, it won't be that easy for you to achieve your goal now that your elder brother is here." Li Wendi said with a slight smile.

Chen Xingzhou sneered and said, "Please wait and see, Mr. Li."

This sneer was naturally not directed at Li Wendi, but was a mockery of Chen Xingting.

"Okay, then I'll sit down and watch the show." Li Wendi smiled faintly.

The fourth piece of land is located in Wan Chai. Although it is not near the sea, you can see the scenery of Victoria Harbour and feel the cool sea breeze. The starting price is 1300 million. The area is only 3.4 square feet, which is enough to build a Grade A commercial building. It is only 700 meters away from Central.

"1400 million!" The chairman of a medium-sized real estate company stood up and shouted with a sign.

Land in Wan Chai is hard to come by now. You may not be able to buy it even if you have money. Part of the land is in the hands of developers. They are waiting to build commercial buildings to make huge profits, so how can they be willing to sell them? Most of the land is in the hands of the Hong Kong government. They are waiting for the land price in Wan Chai to be higher, so they release a few pieces of land at a time to attract bidding from real estate developers in order to obtain greater fiscal revenue.

"1500 million!" Sun Hung Kai Properties' executives raised their placards and bid.

This made some Chinese company bosses frown. Sun Hung Kai Properties is a leader in the Chinese circle. It is not cost-effective to compete with it. If they pay too high a price, they may lose money and offend Sun Hung Kai Properties.

"1550 million!" New World Development Company started bidding.

Are Chinese-owned companies not as united as I heard in my previous life?
Li Wendi was thinking in his heart, but Chen Xingzhou next to him saw through Li Wendi's thoughts and explained, "Don't look at those big shots bidding, they are actually acting. They probably already decided who will get the land and how much money. The British don't want us to be too united."

Hearing this, Li Wendi was relieved immediately. The British were still the masters of Hong Kong, and it was obviously not okay to be attacked by them. Moreover, if the price was too low, how could the Hong Kong government save face?

Soon, British companies also joined the bidding, and the Yangtze River Real Estate Company also took advantage of the opportunity to join the bidding. The price once soared to 1800 million, with a premium of nearly 4%.

"2000 million!" Sun Hung Kai Properties directly increased the price by 200 million, with a premium of more than 50%, which made many real estate developers gasp.

Companies with strong strength, such as New World Development and Cheung Kong Property, have begun to put down their auction boards and indicated that they will no longer bid.

When the 13th plot of land was put up for auction, the whole place fell silent, as if they were afraid of missing out on the exciting show.

This piece of land is located in Central, the prosperous center of Hong Kong. The starting price is 2600 million, which is higher than the asset value of some small companies, but the area is only 2.8 square feet.

With such a good piece of land in such a good location, big British companies started to make moves.

The first bidder was the Federal Realty, a subsidiary of Wheelock Properties, which offered $2800 million.

Following closely behind is Swire Group, which bid '3000 million'.

The Chinese consortium is still relatively weak, and it is difficult for one company to afford such a high price, but New World Development Company still does not want the British company to get it too easily, so it directly raised the price to 3500 million.

(End of this chapter)