Chapter 203: Eating Cakes

Cheung Kong Industrial.

Hu Zhaoxu came to Lin Zhichao's office and reported: "Boss, there will be an official land auction at the beginning of next month, and a total of 12 land auctions will be held!" ”

It's fierce!

Lin Zhichao raised his head, his eyes revealed interest, and said, "Okay, I will participate then, you are ready to sign up!" ”

Hu Zhaoxu nodded and said, "No problem! Looking at the posture of the Hong Kong government, I am afraid that it is ready to do a big job, and a lot of land will be auctioned off. After all, land prices have risen a lot now! ”

Lin Zhichao said with a smile: "You will get used to it, in the future, the land income will be an important income of the Hong Kong government, we just need to prepare the silver!" ”

As far as he knows, the auction of 12 plots of land in a week is nothing, and the Hong Kong government is afraid that this time it will be auctioned for several weeks in a row, completely igniting the real estate market in Hong Kong.

Hu Zhaoxu said: "What the boss said makes sense! Since our Champagne Mansion was sold out, the whole of Hong Kong's real estate has been revitalized, and many real estate companies are sharpening their knives! ”

Lin Zhichao smiled easily!

In Hu Zhaoxu's eyes, he felt that his boss didn't fancy those opponents at all.

Cheung Kong's land and old buildings are about 1 million square feet;

In terms of market capitalization, excluding the four Central plots, they are already worth more than 80 million Hong Kong dollars.

After Hu Zhaoxu left, Lin Zhichao also calculated.

From this year to the first half of next year, the land can be won, and the price is not high.

For example, taking Causeway Bay as an example, it should rise to about HK$120 per square foot in the first half of next year. By 1957, it should be able to rise to 160~170 Hong Kong dollars per square foot; But by 1958, the land in Causeway Bay must have been only 70 or 80 Hong Kong dollars per square foot. Of course, this all happened in a very short period of time; 1959 may be restored, and 1960 will reach the peak of 1957.

These are a kind of speculation by Lin Zhichao, after all, it is only the reason for the oversupply and the Hong Kong government's control of sales properties, not the impact of international events and political events; Moreover, the land in the commercial areas of Central and Tsim Sha Tsui will not fall too much, and it can still be stable; The area that has plummeted by 70% must be non-urban areas.

Since it has been decided to take the land, it is natural to prepare banknotes, and it is not enough to rely on the return of 'sales projects', and the 'sales projects' of Changjiang Real Estate are more concentrated in next year.

The more than 3 million Hong Kong dollars from the sale of the ship were directly injected into Cheung Kong Industrial; Together with the 5 million Hong Kong dollars withdrawn from Cheung Kong Industries Group, Cheung Kong has already scraped together another 8 million Hong Kong dollars.

Lin Zhichao decided to go to Hang Seng Bank and Bank of East Asia to borrow 5 million Hong Kong dollars each, and he didn't know if Hang Seng Bank would take out a loan, because they had also established a Hang Seng Real Estate and were also preparing to develop real estate.

In this way, not counting the funds for the sale of real estate, Cheung Kong has 18 million, which can almost buy about 200,000 square feet of land, which is the purchase target for more than three months left this year!

In fact, Lin Zhichao is not bad for money, only 10 million Hong Kong dollars, just temporarily embezzle the funds of global shipping, that is, the cash flow of Cheung Kong Industry Group is enough to embezzle; Anyway, the follow-up income from the sales will continue to come in, and it will be returned at that time.

However, the right to have a relationship with the bank, not to mention that there is money in hand, so there is no panic in the heart!

Afternoon.

Lin Zhichao came to the office of He Shanheng, the Hang Seng Silver Account, and was warmly received, and He Shanheng even called He Tian to accompany him.

At present, among the elders of Hengsheng, Liang Jiaoju is a native of Shunde, but Liang Jiaoju mainly presides over the cause of Hengchang trade. He Shanheng and He Tian are both from Panyu, but in fact they are in a circle with Shunde, which is also the reason why the main cooperative bank of Lee Shau Kee and Zheng Yutong in the previous life was Hang Seng Bank, and it can even be said that Hang Seng Bank supported two Shunde real estate developers.

Putting down the teacup, He Shanheng smiled kindly: "Lin Shengsheng came to the company for a loan?" ”

Lin Zhichao made a joke and said, "Big Guy He won't think that I'm not short of money, right?" ”

Everyone laughed, Lin Zhichao's wealth level is already recognized as similar to that of the He Dong family (in fact, it is much more), so Lin Zhichao's words are also indirectly indirect, I do have money.

He Tian said: "Lin Sheng's sales model, and with your land, it is indeed possible that there is no shortage of money. ”

He Shanheng also nodded, although everyone didn't know how much land Lin Zhichao had in his hands, there were some rumors, that is, there was definitely a lot of land in Lin Zhichao's hands.

Lin Zhichao said directly: "The funds are indeed not bad, and they don't necessarily have to be that money." However, I think the Hong Kong government may have to auction a lot of land recently, so I also want to take some in my hands, after all, it may be more expensive in the future. Therefore, I want to plan to borrow HK$5 million from Hang Seng Bank for a year, I don't know if it is feasible? ”

Although Hang Seng Bank has a Hang Seng Real Estate, it is bound to be just a 'small play', and it is impossible to directly connect the bank's money with the finance of the real estate company like Liao Baoshan. Moreover, Hang Seng Bank also has Hengchang Trading, which is a company that lays golden eggs, maybe the Hang Seng veteran will use that dividend to invest in real estate.

He Shanheng said: "Of course there is no problem! Lin Sheng's credibility is there, and a 5 million loan is definitely feasible! ”

Lin Zhichao nodded and said, "That's okay!" If you need a mortgage, I will mortgage the property at No. 9 Chiu Lung Street to you, with a market value of almost more than 10 million. ”

It doesn't matter, anyway, a mere 5 million can be taken out at any time.

He Shanheng still said seriously: "It stands to reason that Lin Sheng's face is more than 5 million loans, but you know, our bank has bank regulations, even if you want to borrow more, it's not a problem." ”

Lin Zhichao also said: "It should be! If I'm sure I can afford it, how can I care about what to mortgage? Just borrowing 5 million, we can be regarded as the first banking cooperation, for the future. ”

"Good"

In terms of interest, Hang Seng Bank then gave 10%, which is very favorable.

By next year, the interest on deposits and loans will have to rise, because the banks are starting to run out of money.

When Lin Zhichao left, He Tian sighed: "I think that back then, when he took the gold bricks to sell, who would have thought that he was less than ten years old, and his wealth was enough to buy the gold on the crashed plane." ”

The Airmaster, worth $15 million in gold.

He Shanheng said: "Yes! Several of our Hengsheng elders all know that Lin Zhichao developed by picking gold. It is about hundreds of thousands of Hong Kong dollars, and now it has grown to more than 100 times, which is really a legend. ”

To this day, although Lin Zhichao is still a mystery in the early days of development, there are 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 developed by getting rich.

Elder Hengsheng didn't talk nonsense, only said it in a few old brothers.

In fact, Lin Zhichao sold less than 300,000 Hong Kong dollars of gold in Hang Seng Silver.

Time flies, and in a blink of an eye, it is the beginning of October.

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's property buyers are all moving on to the news.

After Lin Zhichao activated the real estate, Airship Tai also sold the 'off-plan' of a residential building in September, which once again confirmed the hot market. At this time, the Hong Kong government will auction the land, which will undoubtedly bring the real estate to a new height.

Walking into the auction hall, Liao Baoshan stepped forward and greeted: "Lin Sheng, your spirit is very good, it seems that you are ready to show your strength today!" ”

Lin Zhichao gestured with his hand, and then said heartily: "Liao Sheng didn't find out, everyone's spirit is very good!" I'm not the only one in good spirits, but everyone else, including you! ”

"Haha, that makes sense!"

Subsequently, everyone also greeted each other, and many powerful factions came today:

Liao Baoshan is one, he has the support of the bank, and the funds can be tens of millions;

Zhang Yujie is counted as one, and he has a net worth of at least 10 million yuan for selling fake drugs;

Chaoshan businessman Ma Jincan, who is also counted as one, has Dasheng Bank as the foundation;

Airship Tai is barely one, and he has tossed real estate for more than a year, especially when he has just received millions of 'pre-sale payments', and his net worth should have been seven or eight million;

For a time, there were as many as seven or eight homebuyers, who were worth tens of millions or could use tens of millions; There are also many real estate businessmen, who also have millions of dollars, and their strength cannot be underestimated.

After all, most of the 12 lots auctioned today are only enough for one building, and only a few can build two buildings.

On the contrary, British capital is not a cause for concern, because they rarely invest in residential buildings, and only when there is commercial land, will they come out to compete; What's more, the current land price is so high, and the British capital is not very bold, and may not dare to compete with the crazy Chinese capital.

Li Gaofu and Huang Tinggui also participated in the auction and sat 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 plots of land, which are worth a lot of money, and his net worth is already 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, and they may not be able to get what they want. We are purely here to see the excitement, and when its first real estate is sold, we should be able to compete. Li Gaofu said with a smile.

Fuk Wo Real Estate Co., Ltd., which is ready to sell its first property at the end of October, should be the third 'high-rise sale' in Hong Kong;

Lin Zhichao nodded, and then focused on the auction.

The auctioneer is British, and there are many Britons in small Hong Kong, and the salary is comparable to that of the British mainland. For a long time, Britain did not take money directly from Hong Kong, at most, it shared some military spending during World War II, which is honest, quite benevolent; In addition, Hong Kong's accession to the 'Ottawa Agreement' in the thirties and its preferential tariff agreements in the Commonwealth are also very good for development.

Of course, it's not that Britain was a philanthropist and was so friendly to the colonies; In fact, Britain was founded on the basis of commerce, and naturally it was through merchants to 'plunder' in the colonies, and British merchants enjoyed various conveniences in the colonies, which naturally made it easier to make profits.

"Distinguished guests, welcome to today's auction. Today's first piece of land is a piece of land located at No. 22 Lai Chi Kok Road, Sham Shui Po, with an area of 18,200 square feet, a plot ratio of 7.8, and a starting price of 800,000 Hong Kong dollars, and a bid price of not less than 2,000 Hong Kong dollars per mouth. ”

Mong Kok, Yau Ma Tei and Sham Shui Po are residential clusters, but there are hardly many housing estates, all of which are residential buildings facing the street. In later generations, many of these buildings were built in the late fifties, which are still standing after more than 60 years, and are worth tens of millions.

Lin Zhichao is not very interested in this land, which can almost build 150~160 residential units, and the price is more than 3.5 million Hong Kong dollars. The investment in land and construction costs is 2 million Hong Kong dollars, and the profit is one or two million, so-so!

Therefore, I am not even interested in bidding, but other real estate developers are very motivated, after all, what the big guy can't look down on, that is, opportunity; Therefore, this piece of land was still very fast, and it was called for more than 1 million Hong Kong dollars, and finally it was sold for 1.15 million yuan.

Obviously, the buyer still picked up the bargain, and the first lot was probably the least intense.

Sure enough, the land behind it began to become intense, and it was generally above 80 Hong Kong dollars per square foot.

Changjiang Real Estate performed the most brightly, winning three plots of land respectively, which are basically the largest and best plots in this auction; The three plots of land add up to 100,000 square feet and cost 8.6 million Hong Kong dollars, which is not a premium.

However, with the frequent holding of such auctions, coupled with the fact that everyone is recovering funds through sales, it will become fiercely competitive.

Lin Zhichao's attention is to quickly grab land at the auction while everyone has not grown up; Otherwise, next year, I'm afraid Lin Zhichao will have to weigh everyone's strength.

A week later, the auction was held again, and Lin Zhichao also arrived as scheduled.

However, this time at the auction, there was a sudden discordant scene, Lin Zhichao is competing with everyone for a high-quality land in Tsim Sha Tsui, although it is not in the commercial core area, but it can definitely build two high-quality commercial and residential buildings.

The land area is 53,000 square feet, the price has been shouted 4.2 million Hong Kong dollars, and there are four or five opponents.

Subsequently, Chen Detai and Ma Jincan passed on the message, and soon Ma Jincan also stopped bidding.

In this way, Chen Detai and Liao Baoshan passed on the message again, but unfortunately this time they failed to do so.

It was Lin Zhichao's turn to get the message from Chen Detai, and he already understood that these people were 'eating cakes'.

The so-called 'cake boy' is:

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 bid in partnership with several people. If you have the strength, you will be a sole proprietorship, and if you don't have the strength, you will partner with several companies to bargain, and D has no intention of buying land, but she also comes to participate in the bidding. This piece of land could only be won for 10 million, and people who did not have this 10 million generally did not dare to ask for the price, because if they really won the land, it was very troublesome to not be able to get the money, so some people looked for backup, and all kinds of friends and relatives also called over.

Then the land began to be auctioned, if the ABCD Quartet participated in the bidding, from 5 million bids, to 6 million, 7 million about the same, some of them immediately discussed on the spot, "Why don't we vote back, and then continue to vote", so everyone began to compromise, when a party called 7.5 million, the rest of the people withdrew, and the result was naturally a deal.

Subsequently, ABCD found a place to sit down and began internal bidding, and everyone bid; As a result, A sold 9 million, and B was still bidding just now, but the CD was no longer bidding. OK, this lot is sold, belonging to A and B.

However, the auction is 7.5 million, and now A is 9 million, and there is a difference of 1.5 million; Then, the 1.5 million will be divided equally by ABCD, so the ABCD side will get more than 300,000.

Next, it was the turn of the competition between ABs, and the result was a transaction of 9.5 million Hong Kong dollars for A; Then, the difference of 500,000 Hong Kong dollars has to be taken out again, and the two sides of AB are squared, and each gets 250,000 yuan.

The whole process, the big pie is divided into small pies, you eat a piece, I eat a piece, everyone has benefits. A got the land for 500,000 yuan cheaper, and also divided the cake twice.

Of course, sometimes there will be a situation, that is, there is E, F, always go to the top, then naturally the person who wants to get the land will have to pay a high price.

In fact, eating cakes is good for everyone, so why not do it!

However, today Lin Zhichao and Liao Baoshan both refuse to 'eat cakes', obviously they still have concerns, and maybe they will agree in the future, but the two of them now think that they are disdainful.

They don't have the strength to fight with the two of them!

At least, it has to be after everyone has passed the sales plan to be qualified to argue with the two.

In the end, Lin Zhichao was still determined to win it at a price of 5.6 million, with an average price of more than 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 tacitly agreed that Lin Zhichao and Liao Baoshan were unwilling to cooperate, and everyone had no complaints; After all, Lin Zhichao and Liao Baoshan don't say that they don't talk about martial arts, it's already a good thing!

And many real estate developers are ready to see the prospects and benefits of 'eating cakes' and are ready to use them in the future.

"Lin Sheng, what do you think of this today?" Afterwards, Liao Baoshan found Lin Zhichao and asked.

He has the backing of the bank, and he can mobilize more funds than Lin Zhichao, after all, Liao Chuangxing Bank can come up with one or two hundred million.

When Lin Zhichao heard this, he said: "Liao Sheng, I am afraid that it is impossible to keep alone all the time, after all, everyone sells off-the-plan, and the funds are millions at a time, and then they are gathered, I am afraid that you and I will be difficult to withstand." Of course, that's for later! ”

Liao Baoshan nodded, he felt that Lin Zhichao was reasonable, so he replied: "It's indeed a matter for the future!" ”

The two tacitly agreed that even if they wanted to participate in the 'Cake Boy', at least everyone deserved to be opponents.

Moreover, in Lin Zhichao's view, it is not only after everyone's strength increases, but also after the price of land rises to 100 Hong Kong dollars per square foot, he will agree to end the game. And in the second half of next year, he won't even participate in eating cakes, and will withdraw from the auction directly.

After the two auctions, Changjiang Real Estate has already auctioned five plots of land, and the funds can still participate in one auction.

The price of land is rising so fast that the 18 million Hong Kong dollars he raised can only participate in three auctions.

Of course, soon the funds from the sale of the real estate will be withdrawn, and it can be continued. (End of chapter)