Chapter 275: The Secret of the Auction

On October 15, a spokesperson for Hutchison Whampoa announced the renovation plan of Cha Kwo Ling House, the village is named Laguna City, covering an area of 8.7 hectares, a high-end residential area, and a private club specially set up for residents, the housing estate has 38 residential buildings of 25~28 floors, with a unit area of 640~920 square feet, a total of 8,072 units, a total floor area of 6.2 million square feet, attached to 161,000 square feet of commercial buildings, with a total investment of 4.5 billion Hong Kong dollars. Pen % fun % Pavilion www.biquge.info

On October 16, HK Electric President Diana held a press conference to formulate the development plan of Lee Chau Housing Estate in Yayue, the whole plan is the same as that of Hutchison, the new village is named South Horizons, covering an area of 15 hectares, building 38 residential buildings of 28~40 floors, with a unit area of 600~1100 square feet, a total of 10,450 units, with a total floor area of 7.87 million square feet, exceeding the scale of Whampoa Garden, with 312,000 square feet of commercial buildings, tennis courts, clubs, swimming pools, etc., with a total investment of 6.5 billion Hong Kong dollars.

The budget of the two housing estates cost HK$11 billion, which is another sensation. According to relevant experts' estimates, at the current price of $1,000 per square foot for similar buildings, the two housing estates could make a net profit of HK$5 billion.

In Wang Zifan's impression, Hong Kong real estate competition is fierce, but the development of buildings is not worried about the sale, which is also the reason why Hong Kong can accommodate so many real estate giants, the first phase of Laguna City for sale, the price per square foot is 1700 yuan, users and speculators are scrambling to buy, extremely fierce, two or three years later, the price per square foot, Laguna City has reached 4300 yuan, South Horizons is between 3300 ~ 3500 yuan, all of which greatly exceed the estimated selling price, if you add factors such as construction costs and rising sales costs, the two major housing estates are all completed and profitable, far exceeding 10 billion。

After approving the plan, the specific implementation was carried out by Ma Shiming, and instead focused on the land auction held by the Hong Kong government, the three plots to be auctioned are located in Tsim Sha Tsui, Central, The New Territories, of which Central is located in the prosperous area of Hong Kong Island, is the earliest section of Hong Kong development, the highest value, followed by Tsim Sha Tsui, near the shopping paradise Milton Road, has a high commercial value, Wang Zifan is more optimistic about this land, around this land to develop a series of plans, including a modern large hospital, the last area is the largest, 40 hectares, located in the relatively backward western New Territories, the lowest value, the greatest potential, Wang Zifan is also more optimistic.

For the land in Tsim Sha Tsui, Wang Zifan asked Ma Shiming and Huo Jianning to cooperate in formulating a development plan, in addition to practicality, but also to cultivate their tacit understanding, Hong Kong Electric is now his base, with a market value of 10 billion, even Oriental Entertainment can not compare, although only 31% of it is controlled, but Hong Kong Electric has also changed its surname to Wang, which belongs to the Wang family industry, as long as the funds are abundant, it can be privatized.

In less than three days, Ma Shiming and Huo Jianning did a good job in the development plan.

"Mr. Wang, this is a draft of land development!"

Wang Zifan opened the document and found that there was another draft below, and asked suspiciously: "You got two copies?"

Ma Shiming explained: "One is Tsim Sha Tsui, and the other is the New Territories!"

"New Territories?" Wang Zifan frowned, who doesn't want these three pieces of land, but it is limited to funds, he chose Tsim Sha Tsui, the starting price of the 40 hectares of land in the New Territories is 700 million, and the price is increased by 5 million each time, according to the development value of the land, it is possible to get 1 billion, this is doing business with the Hong Kong government, and he can't be in arrears, how can he have so much liquidity!

Huo Jianning spread out a map, circled an oval plot of land in the northwest of the New Territories near the Bay Bridge, and analyzed: "I have investigated the development of the New Territories in recent years, and I found this to be a very interesting place!"

"Tell me about it!"

"This piece of land originally belonged to Tin Shui Wai!"

"Tin Shui Wai?" The name is a bit impressive, Wang Zifan read it lightly, during the time he was chasing Zhao Yuzhi, "Oriental Daily" often published Tin Shui Wai news, mostly sarcastic, and seemed to intend to sing down!

Ma Shiming said: "In 1978, Cheung Kong and Wheelock & Co. jointly purchased the land in Tin Shui Wai, and in the second half of 1979, the Chinese-funded China Resources Group and others purchased most of its shares and formed Weicheng Company to develop Tin Shui Wai. The company's equity distribution is: China Resources accounts for 51%, Hu Zhong family Dabao Real Estate accounts for 25%, Cheung Kong accounts for 12.5%, Wheelock accounts for 5%, and others account for 6.5%. China Resources has big ambitions to build a new city with a capacity of 500,000 people within 15 years, and this is the Tin Shui Wai Project!"

Wang Zifan frowned, just listening to these few data, he knows the scale of Tin Shui Wai, which can definitely drive the development of the surrounding area, if Tin Shui Wai develops, the land in the New Territories will be valuable!

"Who else but us is interested in this land?"

"Outside the above development companies, the most powerful is Mr. Li Jiacheng!"

Li Jiacheng?

How is him again!

Wang Zifan couldn't help shaking his head, since he entered the real estate industry, he could meet Li Jiacheng wherever he went!

Huo Jianning explained: " According to the information I investigated, the entire development plan was presided over by China Resources, a Hong Kong trading group company of the Ministry of Foreign Trade of the People's Republic of China, which lacked experience in real estate development and did not understand the rules of the game in Hong Kong, and the project was delayed again and again, and the Hong Kong government issued an ultimatum, announcing the use of 2.258 billion Hong Kong dollars to recover 488 hectares of land in Tin Shui Wai, of which 40 hectares were auctioned for 700 million Hong Kong dollars, stipulating that within 12 years, the construction worth more than 1.458 billion Hong Kong dollars would be completed on the 40 hectares of land, and 318 hectares of land would be cleared and handed over to the Hong Kong government as a land reserve, if the requirements were not met, then the land and 800 million Hong Kong dollars will be confiscated!"

Wang Zifan said with a smile: "That is to say, if we take this piece of land and do not construct it according to the requirements of the Hong Kong government, not only will we not get the money, but the land will be taken away!"

Ma Shiming and Huo Jianning glanced at each other and nodded one after another.

Wang Zifan looked down at the development plan, although the Hong Kong government set the conditions, but also gave some benefits, the Hong Kong governor plans to invest 4 billion Hong Kong dollars for municipal projects, including 1.62 billion Hong Kong dollars for site consolidation projects, 960 million Hong Kong dollars for capital construction, these two projects totaling 2.58 billion Hong Kong dollars were awarded to the winning bidder, and 15% of the profit is guaranteed, that is, whoever wins this land can get the Hong Kong government's 2.58 billion project at the same time.

"What's the situation with China Resources now?"

Huo Jianning said: "China Resources' huge plan to build a city of 500,000 people seems to be a little disheartened, and other shareholders also want to withdraw, if we have this piece of land, we can justifiably participate in the Tin Shui Wai development plan, this may be the original intention of the Hong Kong government auction, want to choose a powerful company to join the Tin Shui Wai development project, to ensure that the plan can be successfully completed!"

Wang Zifan nodded secretly, fortunately there are two excellent assistants, otherwise he missed an opportunity in vain, after understanding the inside situation, he is very optimistic about the prospects of Tin Shui Wai, across the bay is the Shenzhen Special Economic Zone where the mainland opened up the earliest, and there will be a bay bridge in the near future, even if it is a poor and remote land, it can 'dig out gold', not to mention Hong Kong, where every inch of land is valuable.

Huo Jianning carefully reminded: "Mr. Wang, if we take this piece of land, we had better lay out in advance, China Resources issued a large number of shares among shareholders at the beginning of the development of Tianshui Wai, and now China Resources intends to withdraw, these stocks are very worthless, if you acquire it now, you can quietly control it in a few years, and then negotiate with China Resources to fight for all those rights and interests!"

Ma Shiming couldn't help but praise: "This is a good way!"

In the end, it is the emperor of the part-time job! Wang Zifan secretly praised, and he kept nodding, it turned out that Li Jiacheng was able to win the property rights of Tianshuiwei in time and space, and it was estimated that Huo Jianning was also the credit, but His Majesty the poor emperor was suppressed by Ma Shiming in Hutchison, and it was not until 1988 that Li Jiacheng controlled 49% except for China Resources Equity, become the only two shareholders in parallel with China Resources, both say that China Resources first lost confidence, Wang Zifan felt that there must be something greasy, why other shareholders have given up, but China Resources, which was the first to lose confidence, survived to the end, it is estimated that Li Jiacheng and China Resources reached a tacit understanding in advance, the evidence is that after Li Jiacheng took power, Cheung Kong signed an agreement with China Resources, the main contents of which are as follows:

Cheung Kong guarantees that in the development of Tin Shui Wai, China Resources will receive a net profit of HK$752 million, and will pay 3/4~564 million to China Resources.

If the selling price of the building exceeds the scope of the agreement in the future, the excess profit will be shared between Cheung Kong and China Resources, with China Resources accounting for 51%.

In the future, Cheung Kong will be responsible for the development plan and sales of Tin Shui Wai, and the expenses will be paid by Cheung Kong and deducted from the income.

Now that he wants to replace Li Jiacheng, it is best to contact China Resources in advance, and lead step by step, no matter how awesome Li Chaoren is, he can't beat his golden finger!

With these two plans, Wang Zifan is more confident in doing the flip.

The land auction is a very formal occasion, characterized by fairness, openness, and high prices, so there are many people participating in this auction, in addition to the giants of major real estate companies, there are also many media reporters, Wang Zifan only brought an assistant Ma Shiming, Zheng Yutong, Bao Yugang, Guo Bingxiang, Hu Yingxiang, the major real estate bosses are mostly equipped with this kind of equipment, only a few ladies, and they are all elderly.

"Afan, long time no see!"

"Uncle Li, hello!"

Wang Zifan was very happy to meet Li Zhaoji, and took Ma Shiming to his side, at the auction, it is better to meet friends than enemies!

Behind him turned out to be Li Jiacheng!

Wang Zifan turned his head and saw Li Jiacheng, who was whispering to his assistant, with a strange expression, and turned around without seeing it.

Lee Siu-kee said meaningfully: "Our Hong Kong's supernatural finger!"

What the?

Wang Zifan was confused when he heard this, and looked down at the middle of his legs, there was nothing unusual!

Ma Shiming explained in a whisper: "The Hong Kong media often use the term "Optimus to describe Mr. Li Ka-shing who bids at the auction. ”

Wang Zifan was speechless, he thought that Li Zhaoji joked that he liked beautiful women.

Ma Shiming said with a smile: "Actually, the Qingtian finger refers to Mr. Li's strong economic strength, Mr. Li on the auction floor did not show the winning spirit of sweeping thousands of troops and defeating the heroes, among the British and Chinese businessmen, there have been gambler-style bidders who have spent a lot of money and tried their best to win, and when they enter the bidding climax, they can't help but be red-eyed, and they no longer weigh the pros and cons of their families, and they have to suppress their opponents!"

Li Zhaoji said meaningfully: "Yes, this is a taboo in the auction hall!"

I'll go, is Lao Tzu like that?

Wang Zifan knew that they were reminding him not to be rash, and he was very helpless, so he only nodded yes.