We're building a super chaebol in Hong Kong

Next, Su Cheng continued to look through the sales information for many properties.

Cheung Kai-ching had also done his homework, basically checking the background of every property.

Therefore, Cheung Kai-ching was able to quickly answer any questions Su Cheng had, also clarifying the reasons and background for their property sales.

Su Cheng carefully examined each property priced over ten million Hong Kong dollars.

As for properties worth several million or even hundreds of thousands of Hong Kong dollars, Su Cheng wasn't as thorough, only taking a general look at each.

It took a full two hours for Su Cheng to roughly go through the entire stack of information.

Among these properties, eight were priced over 100 million Hong Kong dollars; 59 were in the ten million Hong Kong dollar range; the rest were priced at several hundred thousand or several million Hong Kong dollars.

These properties covered a wide range of fixed assets, including luxury homes, commercial buildings, industrial parks, land, warehouses, and even docks. In a better market, the total value of these properties could easily exceed 100 billion, but now their asking price was only 8.685 billion Hong Kong dollars.

After looking through them, Su Cheng realized he wanted them all, especially those properties worth over ten million, such as that piece of land, those two Hutchison Whampoa commercial buildings, those three industrial parks, and so on. These were all things he wanted.

Now was a good opportunity to invest early.

The value of these assets, in twenty or thirty years, barring any unforeseen circumstances, would increase to at least hundreds of billions or even trillions of Hong Kong dollars.

And during these two or three decades, he could also collect considerable rental income.

Su Cheng had seen a news report in his previous life that the annual rent for those three- or four-hundred-meter-high skyscrapers in Hong Kong was in the billions of Hong Kong dollars, especially those in Central, each being very valuable.

The Federal Building was only 91 meters high, so collecting tens of billions in rent was definitely impossible, but several hundred million a year was achievable.

And if he built a building over four hundred meters tall on that piece of land, he could earn tens of billions in rent a year in the future.

The total annual rent from leasing out all five hundred-plus properties would be incredibly substantial.

Even if he did nothing else in the future and sold all his other companies, he could become the richest man simply by relying on the rent from the Apocalyptic Property Company.

That was a good plan, much easier than working hard to start a business.

Moreover, these were still the prices before they started negotiating. After negotiations, the total transaction price shouldn't be higher than 8 billion Hong Kong dollars. As for how much they could ultimately negotiate down, no one knew for sure, because each owner had a different bottom line.

"Uncle Cheung, I have a task for you," Su Cheng said with a smile.

"Boss, just tell me what you need. I guarantee I'll handle anything I can do properly," Cheung Kai-ching replied.

"The matter is a bit troublesome, but I don't need you to handle it directly. I just need you to make a trip. I've roughly looked through all these materials. They're very good and suit my taste. If the prices are right, I want to take them all.

Thank you for your hard work during this time. My plan is this: there are eight properties here worth over 100 million. I plan to personally negotiate for these 8 properties. As for the rest, whether they are hundreds of thousands, millions, or even tens of millions, I will entrust them to professional negotiation experts to negotiate for me.

The last time I purchased Wan Tak Hon Bank, I relied on the professional negotiation department of Hutchison Whampoa Group to negotiate. I was quite satisfied with the final negotiated price. The negotiation department of Hutchison Whampoa can be considered our own people, so I would be much more at ease handing it over to them.

Therefore, I'd like to trouble Uncle Cheung to take the information to Hutchison Whampoa Group and talk to the person in charge of the negotiation department about this matter. I hope to entrust this matter to them. The ultimate goal, of course, is to get the lowest possible price while still being able to close the deal. As for the negotiation team's commission, for every 1% reduction from the original price, the negotiation team can get 2% of the reduced amount. The lower they negotiate, the more commission they get. How much commission they can get depends on their ability."

Su Cheng stated his thoughts.

Properties worth over 100 million Hong Kong dollars are basically properties of top British consortia. If Su Cheng wanted to buy these properties, he would definitely have to talk to the heads of these companies, like Jardine Matheson's Henry Keswick. If he let Hutchison Whampoa's negotiation experts negotiate, they might not necessarily be able to meet him, but if Su Cheng negotiated, it would be different.

Properties worth tens of millions of Hong Kong dollars were also basically assets of large enterprises, but their value naturally had a huge gap compared to those worth over 100 million. It was no longer necessary for Su Cheng to personally come forward for these.

Su Cheng had just calculated that the total value of the first 8 properties for sale was already 6.957 billion Hong Kong dollars, with the first 3 properties accounting for 4.996 billion Hong Kong dollars, nearly 5 billion Hong Kong dollars.

And the total initial asking price of all the properties in this information was only 8.685 billion Hong Kong dollars.

Therefore, in reality, the total value of the remaining properties worth ten million Hong Kong dollars and below was only 1.728 billion Hong Kong dollars.

It was naturally impossible for Su Cheng to negotiate for all five hundred-plus properties by himself. Even if he had the time, he wouldn't have the energy to do it. Eight was still manageable.

Moreover, he knew six of the heads of the companies behind these 8 properties, making the negotiations much simpler.

Speaking of which, he had previously talked with Henry Keswick about Wharf's shares, but he didn't expect that he would be able to chat with him privately so soon.

As for the negotiation team's commission, it seemed small, but in reality, if they negotiated well, they would receive a considerable income.

The total value of the properties entrusted to them for negotiation was 1.728 billion Hong Kong dollars. If they negotiated down 10%, then the commission earned by the negotiation team would be 2% of 172.8 million Hong Kong dollars, which was 3.456 million Hong Kong dollars. That was quite a bit. Hutchison Whampoa Group's negotiation department only had a dozen people. If they achieved good results, the commission each person could get would be considerable.

Of course, money wasn't so easy to earn. They were facing a full five hundred-plus properties. It would still take a lot of time and effort to negotiate all these properties down.

However, there was also a possibility that some members of the negotiation team, or even the entire team, colluded with the sellers, and the final negotiated price was not much lower than the original price, and then the sellers secretly gave the negotiation team additional money.

Su Cheng wasn't afraid of this situation happening.

Because he would definitely send people to monitor them secretly. Once they showed any clues, not only would the transaction fail, but these negotiators who wanted to take the opportunity to embezzle would also be fired.

It was also for this reason that even if there were more powerful negotiation experts in society, Su Cheng didn't plan to use them. After all, his own people would be more reliable.

Su Cheng also knew the person in charge of the negotiation team at Hutchison Whampoa Group, and had even chatted with him.

"Okay, Boss, then you tell Mr. Wai Lee from Hutchison Whampoa Group. I'll go to Hutchison Whampoa later to connect this matter with the person in charge of their negotiation team," Cheung Kai-ching directly agreed.

(End of this chapter)