On the third day, Hong Kong's Ming Pao and Ta Kung Pao also published a message: Hongkong Land will also buy shops of about 10,000 square feet in densely populated areas at a price higher than the market price.

Although the description is different from Hutchison, but a discerning person can know at a glance that these two giants are aimed at the same purpose, and Wellcome and ParknSHOP have recently expanded to add shops or shopping similar properties, and the entire Hong Kong business community instantly knows that these two giants are competing for the retail market.

Cheung Kong Headquarters: Li Jiacheng looked at the newspaper, drank tea with some frowns, and said to a person opposite: "Li Sheng, you also pay attention to the affairs of Hutchison and Land?" ”

"It's not about paying attention, they all want to do retail, with the style of these two companies, the fundamental purpose is to monopolize the retail industry in Hong Kong, otherwise, there is no need to start so early." Li Jiacheng put away the newspaper and said with a smile.

The person on the other side nodded and said: "Your analysis is very right, now Hong Kong has just begun to become popular supermarkets, and these two giants have entered the market, and it is still too early for the real competition, and it is a bit abnormal to fight a price war now." ”

"In fact, it's not abnormal, supermarkets also look at the location, the two of them can't wait to compete openly, just to grab time, to buy a good location shop as soon as possible, once which one completes this purpose first, basically half of the win." Li Jiacheng analyzed.

The person on the other side nodded and said, "Yes, but it's none of our business, just look at the excitement." ”

"Lao Zheng, it has nothing to do with your new world, but with my Changjiang Industrial, maybe it has something to do with it." Li Jiacheng said with a smile that the person opposite was Zheng Yutong of Hong Kong New World Group, and one of the five tigers of Hong Kong real estate.

Zheng Yutong asked curiously, "What?" Are you Cheung Kong also going to enter the retail field? That's not what you're good at, is that? Chen Zhiwen is playing in the supermarket in the United States so big, Hongkong Land has the roots of Milk International, the two of them are the most suitable, you also want to join in the fun? ”

"Of course not, I'll just play with real estate." Li Ka-shing smiled and said: "What I said is related, in fact, I hope Chen Zhiwen can divert Hongkong Land's attention, because I am ready to sign up for the MTR's property tenders in Central and Admiralty stations." ”

"What? Lao Li, are you going to play so big? Zheng Yutong was taken aback and said: "Central and Admiralty subway stations, but the best quality land, Hongkong Land has long been ready to move, are you going to prepare to fight with Hongkong Land?" ”

"Yes, so it's a lot of pressure, if Chen Zhiwen can consume a little bit of land funds, I will always be better." Li Jiacheng said.

"It's not very likely." Zheng Yutong shook his head and said: "Each of those supermarkets is not large, and they are also high-quality assets, no matter how much Hutchison and Land, they can't spend much cash, and for Hongkong Land, supermarkets may only be small businesses, and the properties of Central and Admiralty MTR stations are estimated to be the ones that must be obtained." ”

"I also know, but I have to try anyway, I Cheung Kong has been operating outside Hong Kong Island for almost 20 years, and I haven't done a big business on Hong Kong Island, I am unwilling not to try once." Li Jiacheng said slowly with a sigh of relief.

Although Cheung Kong's assets have grown exponentially over the years, the total scale is much worse than Hongkong Land, which owns more than 20 buildings in the prosperous areas of Central, Admiralty and Tsim Sha Tsui, each of which is worth hundreds of millions of dollars, and these properties add up to hundreds of millions of Hong Kong dollars in annual rental income.

In contrast, one of the five tigers of real estate such as Cheung Kong Industrial, has worked hard for a year, operating various communities, office buildings, buying and selling, buying low and selling high, and the net profit of a year is only tens of millions of Hong Kong dollars, and it still takes huge risks.

In the whole of Hong Kong, which real estate businessman does not envy Hongkong Land, lying down is hundreds of millions of Hong Kong dollars a year, when the development reaches a certain level, who in Hong Kong real estate businessmen does not want to march to Hong Kong Island? Central, in particular, is the heart of Hong Kong Island.

"When you go to Hong Kong Island, you have a lot of choices, but directly choosing Central and Admiralty MTR stations is really ambitious, and this is not just land, Hong Kong's big conglomerates will basically not give up this location." Zheng Yutong said.

"I know that just the land is the biggest threat." Li Jiacheng frowned and said.

Repulse Bay, Chen's house:

By the swimming pool, Chen Zhiwen was leisurely eating jackfruit imported from Thailand, while Chen Tianfu was eating durian, and the smell made Chen Zhiwen feel very uncomfortable, so he moved the recliner to a place far away from his father.

"This durian is the king of fruits, why don't you give it a try?" Chen Tianfu said with a laugh.

"Forget it, I eat jackfruit the same." Chen Zhiwen hurriedly shook his head and said.

Recently, the property here in Repulse Bay has introduced a batch of high-quality tropical fruits from Thailand, and the Chen family has also taken some, but whether it is in his previous life or now, Chen Zhiwen does not like durian, but Chen Tianfu obviously likes it.

"I don't know how to enjoy it." Chen Tianfu smiled and said.

After eating for a while, the fruit was almost finished, and Chan said, "Ah Wen, I am ready to participate in the MTR Corporation's tender for the MTR station in Central and Admiralty. ”

"These two places are really prime locations, do you have that much money in your hands?" Chen Zhiwen is not surprised, he also knows that his father's ambition is getting bigger and bigger, and it is a matter of time before he enters Central, and he suggested staring at the properties of the subway station before, and it is normal to look at the properties of the Central and Admiralty subway stations.

Hong Kong

"I have almost 600 million Hong Kong dollars in my hands, and by the end of this year, the 8 projects of Hengyi and Hutchison can basically be completed, and I can also have more than 100 million in cash." Chen Tianfu said.

"700 million, but it's enough." Chen Zhiwen nodded and said, in Hong Kong now, it is estimated that there are only a handful of people who can hold such a large amount of money, and they may not even have this number in their hands.

The biggest reason why Chen Tianfu can have so much money is that he has raised funds on a large scale in the private market before, which is very risky for ordinary people, but fortunately, Chen Zhiwen has full confidence in this, after all, with the golden finger of the prophet, he is naturally very bold.

"However, Hengyi can't put all his resources into this project, and I plan to continue to develop other projects." Chen Tianfu said.

"No problem, if you are interested, Hutchison has some land in Kowloon, Tsim Sha Tsui, and Sha Tin, and you can contribute funds to develop the land." Chen Zhiwen said.

Developing and developing the yellow land with his father can be regarded as maximizing the benefits, no matter which party makes more money, it is his own family.

"Just wait for your words, otherwise, I still have to spend money to buy land or go to the Hong Kong government to participate in the auction, which will not only cost a lot of money, but also have to wait for a long time." Chen Tianfu smiled and said.

"You can take a fancy to it, I don't bother to develop those small plots of land in Hehuang, if you don't develop it, I will also cooperate with other Chinese investors." Chen Zhiwen shrugged and said that Hutchison's main focus is currently on developing Whampoa Garden, and before the completion of the first phase, he will basically not spend money on new projects by himself.

"That's good." Chen Tianfu nodded, and asked again: "You and Hongkong Land have recently competed together for supermarket shops, and there is no problem in terms of funds, right?" ”

"Don't worry, no problem, in fact, it doesn't cost much, two or three million for a shop, only two or three hundred for one hundred, if you use leverage, in fact, forty or fifty million Hong Kong dollars is enough." Chen Zhiwen smiled and said: "This game, in fact, is a competition of courage and confidence, everyone invests so much money or borrows a lot of money, in fact, it depends on the confidence in the retail industry, which is much stronger than Hongkong Land." ”

Hongkong Land may also be able to see the market potential of retail in the future, but it is only to see, Chen Zhiwen wants to be the starting point of the retail layout of the whole Asia, and he will naturally spend a lot of money to enter.

"Okay, if you're sure, I won't ask." Chen Tianfu said.

(End of chapter)