Cheung Kong Holdings.
Hu Zhaoxu came to Lin Zhichao's office and reported: "Boss, there will be an official land auction at the beginning of next month. There are a total of twelve land auctions!"
Very fierce!
Lin Zhichao raised his head, his eyes showing interest, and said: "Okay, I will participate when the time comes. You are ready to sign up!"
Hu Zhaoxu nodded and said, "No problem! Looking at the posture of the Hong Kong government, I'm afraid they are preparing to do something big and auction a lot of land. After all, land prices have increased a lot now!"
Lin Zhichao said with a smile: "You will get used to it. In the future, land revenue will be an important revenue for the Hong Kong government. We just need to prepare the money!"
As far as he knows, auctioning 12 pieces of land in a week is nothing. The Hong Kong government is afraid that this time it will have to auction for several weeks, completely igniting Hong Kong's real estate market.
Hu Zhaoxu said: "What the boss said makes sense! Since our Champagne Building was sold out, the entire real estate in Hong Kong has been revitalized, and many real estate companies are sharpening their knives!"
Lin Zhichao smiled with a relaxed expression!
In Hu Zhaoxu's eyes, he felt that his boss did not like those opponents at all.
The land and old buildings owned by Cheung Kong Holdings total about one million square feet;
In terms of market value, excluding the four Central sites, it is worth more than HK$80 million.
After Hu Zhaoxu left, Lin Zhichao also made plans.
Land from this year to the first half of next year can be acquired, and the price is not high.
For example, taking Causeway Bay as an example, it should be able to rise to about HK$120 per square foot in the first half of next year; by 1957, it should be able to rise to 160 to 170 Hong Kong dollars per square foot; but by 1958, the land in Causeway Bay will definitely only be 70 to 80 Hong Kong dollars. Hong Kong dollars per square foot. Of course, all this happened in a short period of time; a recovery might have occurred in 1959, and the peak of 1957 could have been reached in 1960.
These are Lin Zhichao's speculations. After all, they are only due to oversupply and the Hong Kong government's control over the sale of uncompleted properties, and are not affected by international events and political events; moreover, land in the business districts of Central and Tsim Sha Tsui will not If it falls too much, it can still stabilize; if it plummets by 70%, it must be in a non-urban area.
Now that you have decided to acquire land, you naturally need to prepare banknotes. It is not enough to just rely on the "sales of off-the-plan properties", and more of the "sales of off-the-plan properties" of Yangtze Real Estate will be concentrated next year.
The over 3 million Hong Kong dollars from the ship sale this time were directly injected into Yangtze River Industrial; plus the 5 million Hong Kong dollars withdrawn from the Yangtze River Industrial Group, Changjiang Industrial has collected another 8 million Hong Kong dollars.
Lin Zhichao decided to borrow HKD 5 million each from Hang Seng Bank and Bank of East Asia. He didn’t know whether Hang Seng Bank would lend him a loan because they had also established Hang Seng Real Estate and were preparing to develop real estate.
In this way, excluding the funds from selling off-the-plan properties, Cheung Kong Holdings has 18 million, which can almost purchase about 200,000 square feet of land. This is the purchase target for the remaining three months of this year!
In fact, Lin Zhichao is not short of money. It is only 10 million Hong Kong dollars, which can be temporarily diverted from Global Shipping's funds. Even the cash flow of Yangtze River Industries Group is enough; anyway, the subsequent income from the sale of uncompleted properties will continue to come in. By then Just give it back.
However, you should have a relationship with the bank, not to mention having money in your hands, so you don’t panic!
afternoon.
Lin Zhichao came to He Shanheng's office at Hang Seng Bank and received a warm reception. He Shanheng even asked He Tian to accompany him.
Among the current elders of Hengsheng, Liang Yaoju is from Shunde, but Liang Yaoju is mainly in charge of Hengchang trading business. He Shanheng and He Tian are both from Panyu, but in fact they are in the same circle as Shunde. This is why the main cooperative bank of Lee Shau Kee and Zheng Yutong in their previous lives was Hang Seng Bank. It can even be said that Hang Seng Bank supported two Shunde real estate developers.
Putting down the teacup, He Shanheng smiled kindly and said, "Is it possible that Lin Sheng came to the company for a loan?"
Lin Zhichao made a joke and said: "Boss He doesn't think I'm not short of money, right?"
Everyone laughed. It is recognized that Lin Zhichao's wealth level is similar to that of the Ho Tung family (in fact, it is much higher), so Lin Zhichao's words also indirectly meant that I am indeed rich.
He Tian said: "With Lin Sheng's model of selling off-the-plan properties, and with the land under your ownership, it is indeed possible that there will be no shortage of money."
He Shanheng also nodded. Although everyone did not know how much land Lin Zhichao held, there were more or less rumors that Lin Zhichao definitely had a lot of land.
Lin Zhichao said directly: "The funds are indeed not bad, and it doesn't necessarily have to be that small. However, I think the Hong Kong government may auction a lot of land recently, so I want to get some in my hands. After all, there may be more in the future. Expensive. So, I want to take a one-year loan of HKD 5 million from Hang Seng Bank. Is it feasible?"
Although Hang Seng Bank has Hang Seng Real Estate, it is bound to be just a 'little fun'. It is impossible to directly connect the bank's money with the finance of the real estate company like Liao Baoshan did. Moreover, Hang Seng Bank also has Hengchang Trading, which is a company that lays golden eggs. Maybe the Hang Seng veterans used the dividends to invest in real estate.
He Shanheng said: "Of course there is no problem! Where is Lin Sheng's credibility? A loan of 5 million is definitely feasible!"
Lin Zhichao nodded and said: "Okay! If you need a mortgage, I will mortgage the property at No. 9 Zhaolong Street to you. The market value is almost tens of millions."
It doesn't matter, anyway, a mere 5 million can be taken out at any time.
He Shanheng still said seriously: "Logically speaking, Lin Sheng's face is more than a 5 million loan, but as you know, our bank has bank regulations. Even if you want to borrow more, it is not a problem."
Lin Zhichao also said: "It should be! Since I am sure that I can afford it, why would I care about the mortgage. Just borrow 5 million. This is our first cooperation in banking business, and we will take the lead in the future."
"good"
In terms of interest, Hang Seng Bank later gave 10%, which is very favorable.
If next year comes, the interest rates on deposits and loans will have to rise because banks are also starting to be 'short of money'.
After Lin Zhichao left, He Tian sighed: "Thinking back when he came up with the gold bricks for sale, who would have thought that within ten years, he would already have enough wealth to buy the gold on the crashed plane."
Sky King, worth $15 million in gold.
He Shanheng said: "Yes! Several of our Hang Seng veterans know that Lin Zhichao made his fortune by picking up gold. It was probably hundreds of thousands of Hong Kong dollars, and now it has increased to more than a hundred times. It is really a legend."
To this day, although Lin Zhichao's early stage of development is still a mystery, there are already more or less rumors. After all, Lin Zhichao's family background and the starting point of Lin Zhichao's career all confirm that Lin Zhichao became prosperous by getting rich suddenly.
The veteran of Hengsheng did not say anything nonsense, he only said it among a few old brothers.
In fact, Lin Zhichao sold gold for less than HK$300,000 at Hang Seng Bank.
Time flies and it’s early October in a blink of an eye.
Lin Zhichao and Hu Zhaoxu came to the Hong Kong government auction house to participate in the official land auction.
At the same time, Hong Kong real estate businessmen are taking notice of the situation.
After Lin Zhichao activated real estate, Airship Tai also sold an 'off-the-plan' residential building in September, once again confirming the hot market. At this time, the Hong Kong government will put up land for auction, which will undoubtedly raise real estate speculation to new heights.
Entering the auction house, Liao Baoshan stepped forward and greeted: "Lin Sheng, you are in good spirits. It seems that you are ready to show off your talents today!"
Lin Zhichao made a circle with his hand, and then said cheerfully: "Liao Sheng didn't realize that everyone is in good spirits! I am not the only one who is in good spirits, including you, everyone is the same!"
"Haha, that makes sense!"
Afterwards, everyone greeted each other one after another. Many powerful people came today:
Liao Baoshan is one, he is backed by banks and can use tens of millions of funds;
Counting Zhang Yujie, he has a net worth of at least tens of millions selling counterfeit medicines;
Ma Jincan, a Chaoshan businessman, can be considered one of them, and he is backed by Dasheng Bank;
Airship Tai can barely be counted as one. He has been busy with real estate for many years, especially since he just received millions of "off-the-plan funds", and his net worth should already be seven to eight million;
At one time, there were as many as seven or eight real estate businessmen with a net worth of tens of millions or with tens of millions at their disposal. There were also many real estate businessmen with millions in wealth, and their strength should not be underestimated.
After all, most of the 12 pieces of land auctioned today are only large enough for one building, and only a few are large enough to build two buildings.
On the contrary, British capital has nothing to worry about, because they rarely invest in residential buildings and will only compete when there is good commercial land. What's more, with the current land prices so high, British capital is not very courageous and may not dare to compete with crazy companies. The Chinese capital competed.
Li Gaofu and Huang Tinggui also participated in the auction, sitting next to Lin Zhichao. Li Gaofu personally owns the land of a commercial building in Sheung Wan, and the company in partnership with Huang Tinggui also owns three pieces of land, which are worth a lot of money, and his net worth is already in the tens of millions.
In terms of strength, Li Gaofu is already close to Zhang Yujie, Liao Baoshan and others.
"Are you going to get a piece of land today?" Lin Zhichao said with a smile.
"Not necessarily. There are so many strong people, so we may not be able to get what we want. We are purely here to watch the excitement. Once the first property under our banner is sold, we should be able to compete." Li Gaofu said with a smile.
Fuhe Real Estate Company is already preparing to sell its first property at the end of October. It should be the third high-rise property for sale in Hong Kong; after all, others will be slower to react.
Lin Zhichao nodded and then focused on the auction.
The auctioneer is British, and small Hong Kong supports many British people, and their salaries are comparable to those in the UK. Until now, the UK has not directly taken money from Hong Kong. At most, it shared some military expenditures during World War II. To be honest, this is quite benevolent. In addition, Hong Kong joined the Ottawa Agreement in the 1930s, and in the Commonwealth Enjoying tariff preferential agreements is also beneficial to development.
Of course, this does not mean that Britain is a philanthropist and is so friendly to the colonies; in fact, Britain was founded on business, and naturally "plundered" the colonies through merchants. British merchants enjoyed various conveniences in the colonies, and it was naturally easier to obtain profit.
"Dear guests, welcome to today's auction. The first piece of land today is located at No. 22 Lai Chi Kok Road, Sham Shui Po. It has an area of 18,200 square feet and a plot ratio of 7.8. The starting price is HK$800,000. The bidding price is no less than 2,000 Hong Kong dollars, and the auction begins!"
Mong Kok, Yau Ma Tei and Sham Shui Po are residential areas, but there are very few housing estates, all of which are residential buildings facing the street. In later generations, many buildings built in the late 1950s in these places are still standing after more than 60 years, and are worth tens of millions.
Lin Zhichao is not very interested in this land. It can build about 150 to 160 residential units and the price is more than 3.5 million Hong Kong dollars. The investment in land and construction fees is 2 million Hong Kong dollars, and the profit is one or two million, so-so!
Therefore, I was not even interested in bidding. On the contrary, other real estate developers were very encouraging. After all, what the big guys looked down on was opportunity. Therefore, the land was quickly sold for more than 1 million Hong Kong dollars, and it was finally sold for 1.15 million Hong Kong dollars. .
Obviously, the buyer still got a bargain, and the first piece of land was probably the least intense.
Sure enough, the land prices behind it started to get more intense, with prices generally exceeding HK$80 per square foot.
Changjiang Real Estate performed the most brilliantly, winning three land parcels respectively, which were basically the largest and best-located land at this auction. The three land parcels totaled 100,000 square feet at a price of HK$8.6 million, not counting The premium is huge.
However, as such auctions are held frequently and everyone is trying to raise funds through the sale of off-the-plan properties, competition will become fierce.
Lin Zhichao's attention is to quickly grab land at the auction before everyone has grown up; otherwise, next year, Lin Zhichao may have to weigh everyone's strength.
A week later, the auction was held again, and Lin Zhichao also arrived as scheduled.
However, at this auction, a disharmonious scene suddenly appeared. Lin Zhichao was competing with everyone for a high-quality land in Tsim Sha Tsui. Although it was not in the core commercial area, it could definitely build two high-quality commercial and residential buildings.
The area of this land is 53,000 square feet, and the price has been shouted at 4.2 million Hong Kong dollars. There are also four or five competitors. When the competition was bidding, Chen Detai of Dachang Real Estate suddenly whispered across Renhe and Zeitai, and then the two started talking. Only Chen Detai was left to bid.
Later, Chen Detai conveyed information to Ma Jincan, and soon Ma Jincan also stopped bidding.
Continuing with this, Chen Detai and Liao Baoshan conveyed information again, but unfortunately this time they failed to do so.
It was Lin Zhichao's turn to get the information conveyed by Chen Detai. He already understood that these people were in the "Pake Eater".
The so-called 'cake-eating boy' means:
For example, if the Hong Kong government wants to auction a piece of land, A may bid independently, B may also bid independently, and C may be a partnership of several people bidding. If you have the ability, you will be a sole proprietor. If you don't have the ability, several companies will join forces to bid. D has no intention of buying land, but he also joins in the fun and participates in the bidding. This piece of land can only be bought for 10 million. People who don't have this 10 million usually don't dare to bid, because if they really win the land, it will be very troublesome to not get the money, so some people look for backup, including various friends and relatives. Called over.
Then the bidding for this piece of land started. If all parties ABC and D participate in the bidding, and the bidding starts from 5 million to 6 million or 7 million, some people will immediately discuss on the spot, "Why don't we come back and bid again?" So everyone began to compromise. When one party called 7.5 million, the others withdrew, and the deal was naturally concluded.
Afterwards, ABCD found a place to sit down and started internal bidding. Everyone bid; as a result, A's bid reached 9 million, B was still bidding just now, but CD no longer bid. OK, this land is sold and belongs to A and B.
However, the auction price is 7.5 million, and now A offers 9 million, there is a price difference of 1.5 million; then, the 1.5 million must be divided equally by ABCD, so both parties ABCD get more than 300,000.
Next, it was AB's turn to compete, and the result was A's 9.5 million Hong Kong dollars. Then, the difference of 500,000 Hong Kong dollars had to be taken out, and squared between AB and AB, each receiving 250,000.
In the whole process, the big pie is divided into small pies. You eat one piece and I eat one piece. Everyone benefits. A got the land for 500,000 yuan cheaper and got two slices of the pie.
Of course, sometimes there will be a situation, that is, E or F will appear, and the top will always be removed, so naturally the person who wants to get the land will have to pay a high price.
In fact, eating pancakes is good for everyone, so why not do it!
However, today both Lin Zhichao and Liao Baoshan refused to be a "cake-eating boy", obviously they still have concerns; maybe they will agree in the future, but their current thoughts are - disdain.
They don't have the strength to challenge the two of them!
At least, only after everyone has passed the pre-sales process can they be qualified to challenge the two of them.
In the end, Lin Zhichao was still determined to win and won it at a price of 5.6 million, with the average price exceeding 100 Hong Kong dollars per square foot. This price is only the price at the end of the year and the beginning of next year, and he can still accept it.
Afterwards, the major real estate developers made a tacit understanding, and no one complained about Lin Zhichao and Liao Baoshan's unwillingness to cooperate; after all, it was already a good thing if Lin Zhichao and Liao Baoshan did not say that they did not follow martial ethics!
Many real estate developers have already seen the prospects and benefits of the 'cake-eating boy' and are ready to use it in the future.
"Lin Sheng, what do you think of today's incident?" Afterwards, Liao Baoshan approached Lin Zhichao and asked.
He has the backing of a bank, and he can mobilize more funds than Lin Zhichao. After all, Liao Chuang Hing Bank can come up with 10 to 20 million no matter what.
Lin Zhichao heard this and said: "Sheng Liao, it's impossible to be alone all the time. After all, everyone is selling off-the-plan properties, and the funds withdrawn are millions at a time, and then we gather together, I'm afraid even you and I can't stand it. Of course, that’s for the future!”
Liao Baoshan nodded. He felt that what Lin Zhichao said was reasonable, so he replied: "It is indeed a matter of the future!"
The two of them had a tacit understanding that even if they wanted to participate in the 'Pake Eater', at least they would be worthy opponents.
Moreover, in Lin Zhichao's view, not only after everyone's strength increases, but also after the land price rises to 100 Hong Kong dollars per square foot, he will agree to end. And by the second half of next year, he won't even participate in Pancake Eater and will withdraw from the filming directly.
After two auctions, Yangtze Real Estate has already acquired five pieces of land, and has enough funds to participate in one auction.
Land prices were rising so fast that he could only participate in three auctions with the 18 million Hong Kong dollars he raised.
Of course, the funds from the sale of off-the-plan properties will soon be withdrawn, and we can continue. (End of chapter)
