Yang Dongxu also looked over in surprise. Although Dade Real Estate had never been regarded as a competitor by him. After all, Hurricane Architecture, which has a huge foundation, will not make mistakes in its development in the next ten years. It will step on the trend every step of the way. There is no reason to be afraid of this rising star.
But that doesn't mean that Yang Dongxu doesn't pay attention to Dade Real Estate. Fu Dehai, who has gathered some Hong Kong capital and added his own worth, has once again embraced a thick thigh, has developed rapidly in the past few years.
Dade Real Estate also has a net worth of tens of billions, and it seems to be developing more rapidly than Hurricane Construction. But the tens of billions of net worth are not real assets, but 60% of Chaoyu's liabilities.
This is currently the most popular method of borrowing chickens to lay eggs in real estate in China. As long as you have the right connections, this set can be played very smoothly, but a lot of money seems to be easy to get, but it is not so easy to use.
After all, banks can generously give you money, but no bank would like the money it lends to become a dead debt, or the person to whom the loan is loaned goes bankrupt.
Therefore, although Dade Real Estate can continue to take money from banks to develop itself, the annual interest repayments are no longer small. Therefore, these loans cannot be used indiscriminately, otherwise if the capital chain is broken, the business may collapse directly.
Therefore, according to the current situation, domestic real estate is gaining momentum, and Dade Real Estate also has a backer. It is quite profitable to develop real estate projects in China with so much money, and it is very safe. There is no need to take risks in Hong Kong.
You must know that Hong Kong's real estate seems to have rebounded in recent years, but it has been hovering at the bottom. It has been four years since 1997, and no one can tell clearly how many years it will continue.
Although many people feel that now is a good time to enter the Hong Kong real estate industry, they may be able to successfully make huge profits by bargain hunting. But the premise is that you can withstand the situation where Hong Kong real estate will remain half-dead in the next few years, or even several years. Dade Real Estate obviously does not have such anti-risk conditions.
Not only Fu Dehai's Dade Real Estate, but also the Hong Kong real estate tycoons present are optimistic about Hong Kong's real estate market in the future, but they are actually cautious in making every step of the layout and making a big bet at once. We have always kept risks within control, and even if Hong Kong real estate continues to take advantage of opportunities for a few years, it will not affect the overall situation.
However, looking at Fu Dehai's confident look, it seems that he has really decided to use this auction as the first stop for Dade Real Estate to return to Hong Kong from China.
Yang Dongxu, who frowned slightly, couldn't help but glance at a middle-aged man next to him. At first, he thought this man was Fu Dehai's assistant or a senior executive of Dade Real Estate, but now this man's identity was obviously not simple.
You must know that although Fu Dehai is the major shareholder of Dade Real Estate, decisions that can affect the fate of the company are obviously not something he can make with just one word. Therefore, the identity of the middle-aged man is about to emerge. He is obviously the backer behind Fu Dehai. Even if he is not, he probably has a very close relationship with that backer and can make some temporary decisions related to the company.
While Yang Dongxu was thinking about the identity of the middle-aged man next to Fu Dehai, discussions started again at the auction. This time the discussion took longer.
Before coming to the auction, everyone was actually prepared for a tough battle. Seeing Yang Dongxu, he also realized that Cheng Yaojin might be killed, but he never thought that the Cheng Yaojin who was killed was not the same one, and this one seemed to be more powerful.
"4.25 billion!" A moment later someone shouted again, and the bidder was Hong Kong Hang Lung.
As one of the top ten real estate developers in Hong Kong, or even among the top five, Hang Lung has abundant capital. But when the price increases to this point, even such tycoons start to become conservative in their price increases.
Instead of suddenly raising prices like Yang Dongxu and others did before, there were three shocks that knocked out those peers who were following behind. Those who are still following the price at this price point are obviously determined to win this land. The effect of a sudden price increase will definitely not be as good as before, and the risks faced are extremely high.
"4.3 billion!" The real estate developer in Taiwan increased the price after discussing with a foreigner.
This price has actually exceeded everyone's expectations. After all, based on the current real estate market in Hong Kong, although these 150 acres of land are linked to the renovation of shantytowns, the low price is only 1.8 billion.
It can be doubled to 3.6 billion, which is actually the final estimated price of many real estate companies participating in the auction. You must know that this money is only for buying 150 acres of land, and is not included in the budget for shanty town reconstruction. The reconstruction of such a large shanty town still requires an investment of more than one billion.
In other words, the initial budget for this project was about 5.5 billion, but now the price of 150 acres of land has reached 4.3 billion. Although according to the previously signed guarantee agreement, the price of shantytown renovation will not rise sharply, but the total investment has exceeded 6 billion and is heading towards 7 billion.
The total investment suddenly exceeded the previous budget by more than one billion yuan. Not to mention the smaller real estate companies, even some real estate tycoons sitting in the front row were a bit stretched.
After all, although the valuation of the real estate tycoon's company present can easily reach hundreds of billions, 7 billion is not too much money at first glance. But more than 80% of the company's valuation is fixed assets, which does not mean that the company really has so much liquidity.
We must know that more than half of the previous budget of 5.5 billion was obtained after winning the project and seeking bank loans to make up for the funding gap and promote the project. The government will also provide certain convenient policies for this, but now you suddenly need to borrow billions more, even if the government provides further convenience, no bank would dare to be so relaxed, right?
Therefore, various real estate tycoons who are preparing to increase prices are constantly communicating with people around them, constantly calculating in their minds the data of their own companies and the liquidity on their books, as well as the funds they are sure to raise and borrow in the future. Let’s make a rough estimate of whether you can continue to follow the price.
"4.5 billion!" Yang Dongxu, who seemed to be not prepared to compete just now, raised his sign again and increased the price by 200 million.
This is an increase of 200 million from 4.3 billion, which is completely different from the increase at the low price just now. As soon as this price came out, many real estate properties went viral. What a joke!
Originally, they were still calculating in their minds, how to get tens of millions from here, and how to borrow tens of millions from where to fill the hole. As a result, they raised the price by 200 million as soon as they came up, and they had to find several tens of millions from many places to make up the amount. How to find this? Did you just dig out all the money from the crack in the door?
"This gentleman is asking for 4.5 billion, is there any increase in price?" This time the auctioneer did not remain silent, and the price also greatly shocked his heart, so the first few words he spoke contained an unconcealable emotion. vibrato.
There was silence in the venue. People who had been discussing with each other stopped discussing this time. Some simply threw their placards aside, apparently giving up completely.
"This is the largest land auction in Central in the past few years or even in the next ten years. With the renovation of shantytowns, it is not an exaggeration to say that it will be the largest project in Central in the next twenty years. Maybe Hong Kong real estate will also take advantage of this opportunity to take off. , isn’t there any gentleman who continues to increase the price?”
Seeing the silent scene, the auctioneer himself was extremely nervous, even though he knew that this might be the pinnacle of the auction. Because no matter how much money the opponent offers, the man who raises the price by hundreds of millions shows an aura of determination that other real estate developers cannot resist. But what if the price can be even higher?
After about ten seconds of silence, there was still no response. The auctioneer suppressed the trembling of his arm and raised his hammer to hit it. "For the first time, there is no owner willing to bid for 4.5 billion. This auction is not unprecedented, but it will definitely happen." Become tomorrow’s headlines, or even this year’s land king.”
But there was still no response, and some people were even ready to get up and leave angrily. Being so ravaged by a young man, many big guys felt a little unhappy and were too lazy to continue their ink here.
"4.5 billion for the second time." The auctioneer dropped the hammer for the second time, this time without his mother-in-law. He also saw that this might be the final price.
But when he dropped the hammer for the second time and was about to drop it for the third time to announce the deal.
"4.6 billion!" The businessman in Taiwan increased the price again, and this time the price increase was no longer a test of 50 million, but the price increase was as high as 100 million.
But the price momentum was shown, but when this person shouted the price, his voice was a little uncontrollable, and sweat started to form on his forehead.
But no one laughed at him at this time, because some of the people who had just called out the price had sweat on their foreheads. Everyone could understand the tension and excitement when calling out the price.
And the foreigner looked at Yang Dongxu provocatively again.
"4.7 billion!" The person calling the price was not Yang Dongxu who was provoked, but Li Chaoren in the front row.
Compared with the sweat on the forehead of the Taiwanese businessman and the stiff acting skills when the foreigner provoked Yang Dongxu, Li Chaoren looked much more relaxed and calm. But the eldest son sitting next to him was not as calm as his father at this time, and seemed a little nervous.
"5 billion!" Yang Dongxu raised his sign again.
boom.......
The scene exploded instantly. This time, not to mention other real estate developers, even Zhao Yu, Wu Aibing and others sitting next to Yang Dongxu were a little frightened.
Before coming here, Hurricane Construction also had a budget, and set the budget at 4.2 billion with the goal of winning. In the eyes of Zhao Yu and others, this is already a sky-high price, but who would have thought that his boss would not follow the routine. Now the bidding price has reached 5 billion, which is 800 million more than the previously predicted sky-high price.
At this time, Zhao Yu also began to make calculations in his mind like other real estate developers. After the hurricane construction, some money would be deducted from the project, or the land would need to be handed over to the bank for mortgage.
Although the foundation is strong enough, and the debt ratio has always been a strange flower in the real estate industry, it is so low that it makes people speechless. In terms of bank loan credibility, all green lights have been smooth. But Zhao Yu still couldn't help but feel a little dry.
He can be regarded as a person who has seen the world. When Hurricane Construction acquired land in Pudong New Area, it was not just once or twice that he made a big deal of several thousand acres. He even bid tens of billions. But those sky-high prices were not as exciting as today's asking price of 5 billion. My heart was beating wildly and my face started to turn red unnaturally.
