Chapter 575: Land King Acquired

Chapter 575: Land King Acquired

Chapter 575: Land King Acquired
In fact, if we only look at the returns, the stocks of the four major families may really exceed a piece of land in the future. After all, land is fixed and the upper limit of profits is set. However, the businesses created by top businessmen can be spread all over the world and do all kinds of industries, and the upper limit is very high.
However, nowadays, it is easy to increase the shares of a few Chinese companies, but the competition for land kings is much more intense.

Under the arrangement of the Hong Kong government staff, everyone quickly took their positions. Not only Chinese and British capital came here, but also many European, American and Japanese consortiums.

Zheng Zhijie said: "These European and American financial groups often participate in Hong Kong's business activities, but it seems that there are no results. I don't know why they are doing this?"

"They are here to pick up bargains, not to make serious investments." Yang Wendong said: "Foreign investors are often like this. They don't really invest overseas, and only take advantage of bargains. The previous real estate auctions and port and wharf auctions were the same, so most of the time, just ignore them."

Throughout Hong Kong’s history, many American investors have participated in various auctions and even some financial activities, but very few have succeeded.
But this is normal. Yang Wendong dares to invest in Singapore, Malaysia, Japan and other countries because he knows the future. He does not dare to invest casually in some countries where he does not know the future. It is not surprising that real capital investment is cautious.

"Then our enemy is still Jardine Matheson." Zheng Zhijie glanced at the crowd of British financial groups around him: "Neither Swire nor Wheelock came. It seems that even if they have established a real estate company, they are still relatively conservative."

"To say they are conservative is actually to be timid." Yang Wendong said with a smile: "I heard that they are planning to sell the land in exchange for funds to develop real estate. We will pay attention to this aspect later. If there is a suitable one, we can also take it."

Yang Wendong doesn't care about ordinary land nowadays. It doesn't matter if he has better ones or not. However, century-old British giants such as Swire and Wheelock have a large number of high-quality land. In history, many Chinese have obtained a lot of land from them. Some of them are still the top properties in Hong Kong decades later, and are not inferior to today's land kings.

Too many British investors now hold the golden stick in their hands, but only use it as a clothesline. This is why many Chinese investors directly attacked these British companies in the 80s. It was such a waste of resources.

"Okay, I can make an appointment with them directly." Zheng Zhijie said: "Anyway, we want to make a deal, so we can't hide it."

"That's fine." Yang Wendong nodded.

The auction will begin soon, and the first items to be taken out are naturally some ordinary plots of land. However, in today's era of skyrocketing land prices in Hong Kong, even ordinary plots of land are worth at least tens of millions.

These plots of land naturally attracted competition from many medium-sized real estate companies, while large financial groups such as Yang Wendong and Yihe did not intervene. Obviously, everyone had a similar mentality and looked down on these plots.

However, some European and American financial groups have also participated in the competition for some office land. They buy the office buildings and hold them themselves, which is also a good business.

In this way, it took a total of two hours to auction off more than a dozen pieces of land in different locations and sizes, and soon the auction for the last piece of land began.

The auctioneer on the auction table was smiling and excited at the moment. He said happily, "Ladies and gentlemen, next is the last piece of land in this auction, the reclaimed land at No. 1 Kang Le Street, Central;

This land is 5.3 square feet in total, with a plot ratio of 13. The reserve price is HK$1.8 million, and the starting price for each auction must not be less than HK$500 million. Please review the information in your hands. The auction will start in 3 minutes. "

Before the auction, all the information about the land auction has been given to all participants, but a special reminder will be given for each piece of land before the auction so that the real estate developer can give it a final consideration.

After the auctioneer finished speaking, the crowd below was agitated. Although many people would not prepare to bid for the land king, they were looking forward to the final price of the land king. The reason was simple. In any auction, once the price rose very high, it would drive up the price of the entire market, and everyone would profit in the end. The land king was the easiest to achieve results.

The three minutes were up, and the auctioneer banged the gavel down: "The Central Recreation Lot No. 1.8 is now officially up for auction. The bid price is million."

"2 million." Yang Wendong raised his sign directly and raised the price by 2000 million;
Originally, this piece of land was sold for 2.5 million yuan in history. Now, because of my existence, the price will definitely go up instead of down. Instead of raising it slowly, it is better to be ruthless first and set the price too high to show determination and make others give up.

Otherwise, with the efforts of many parties, the land price may be raised to an extremely high level, and you will end up losing money. Even if you can get one person to give up, it is worth it, and even if you fail, there will be no loss.

"Wow~" Everyone looked at Yang Wendong. Some reporters and cameras also began to turn their heads and focus on the focus of today's auction. The previous pieces of land were just for show, and the last piece of land was the core.

"2.1 million." John Keswick, the boss of Jardine Matheson Group, also raised his bid, raising the price by 1000 million.

"2.15 million," a representative of an American real estate consortium said with a sign. "2.4 million." Yang Wendong raised the price again.

"2500 million?" Many people calculated this increase in their minds, and their heartbeats increased;

You know, in the many auctions just now, more than half of them did not have this price, but now, it is just a bid increase.

Such a large increase immediately stunned the other bidders. The representative of the American consortium looked surprised, and then seemed to give up, while John Keswick of Jardine Matheson also frowned;

But they obviously had a budget prepared internally, so they could increase it before it was due, so they held up a sign saying, "2.45 million."

"2.55 million." Yang Wendong bid again, and this price was almost the same as the previous one.

John Keswick waited for a moment and raised his sign, saying, "2.6 million."

"2.7 million." Yang Wendong still added million.

The price of 2.65 million each time obviously made John Keswick hesitate. Someone next to him said, "Mr. Keswick, 2.8 million is the budget we calculated. Even if we increase it, it can only be increased to million. If it is higher, the risk will be too great."

"I know," John Keswick replied quietly;

Any land has a reserve price, or any consortium also needs to set a reserve price. Otherwise, if the funds and credit lines mobilized for a project are too high, it will definitely affect the operation of the business.

Close to HK$3 million is a considerable sum of money even for Jardine Matheson. After all, for a large company like Jardine Matheson, many large projects are carried out at the same time, and any project requires funding restrictions.

"2.7 million at a time." The auctioneer looked at the people from Jardine Matheson Group and deliberately slowed down the time of bidding.

John Keswick finally held up his sign: "2.75 million."

Yang Wendong said calmly: "2.85 million."

"Wow~" There was a sound of frogs at the auction site. This price has brought the selling price of this land to more than HK$5000 per foot (HK$5 per square meter). This is the highest price in the real estate industry in Hong Kong's history. Even in first-tier cities in Europe and the United States, this price is very rare.

John Keswick looked back at Yang Wendong, who had no expression but a hint of a smile, frowned, and finally turned back, closing his eyes and saying nothing.

"2.85 million once, 2.85 million twice, 2.85 million three times, deal."

Even if you want to see a higher price, the rules must be followed. If no one has bid for such a long time, then that's basically it.

"Pa pa pa pa pa pa~~~~" The auction ended perfectly. All the real estate developers applauded happily, even those who did not participate in the competition.

The land king was sold at such a high price, so as soon as the news is broadcast tomorrow, Hong Kong’s housing prices will inevitably rise, and everyone will benefit from it.

The officials of the Hong Kong government were also very happy. After the real estate market did well, Hong Kong's fiscal revenue immediately soared, and their lives became much more comfortable.

(End of this chapter)