Chapter 203 Target-Central MTR Station Property

Author: Underwater Wild Fish

Chapter 203 Target-Central MTR Station Property

On the third day, Hong Kong's Ming Pao and Ta Kung Pao also published a message: Land will also acquire shops of approximately 10,000 square feet in dense residential areas at a price higher than the market price.

Although the description is different from Hutchison Whampoa, anyone with a discerning eye can tell at a glance that these two giants are aiming for the same purpose. In addition, Wellcome and Parknshop have recently expanded to add shops or shopping-like properties. The entire Hong Kong business community

, we all knew in an instant that these two giants were competing for the retail market.

Cheung Kong Holdings Headquarters: Li Jiacheng read the newspaper and drank tea with a frown. The person opposite said: "Li Sheng, are you also concerned about Hutchison Whampoa and Land?"

"Not to mention 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 a fight so early." Li Jiacheng closed the newspaper.

Said with a smile.

The person opposite nodded and said: "Your analysis is right. Supermarkets have just begun to become popular in Hong Kong. These two giants have entered the market. It is still early for real competition. It is a bit abnormal to start a price war now."

.”

"Actually, it's not abnormal. Supermarkets also depend on their location. The two of them are so impatient to compete openly just to grab time and acquire stores in good locations early. Once whichever company accomplishes this goal first, it will basically win.

It’s half done." Li Jiacheng analyzed.

The person opposite nodded and said, "Yes, but it's none of our business. Just watch the excitement."

"Old Zheng, it has nothing to do with your New World, but it may have something to do with my Cheung Kong Holdings." Li Jiacheng said with a smile. The person opposite was none other than Zheng Yutong of Hong Kong New World Group, one of the five real estate giants in Hong Kong.

Zheng Yutong asked curiously: "What? You, Cheung Kong Holdings, also want to enter the retail field? This is not what you are good at? Chen Zhiwen is so big in supermarkets in the United States, and Land has the foundation of Dairy International, so the two of them are the most suitable.

Are you going to join in the fun too?"

"Of course not, I only play real estate." Li Ka-shing smiled and said: "I said it is relevant, but I actually hope that Chen Zhiwen can divert Land's attention, because I am planning to sign up for the MTR in Central and Golden Land.

Property bidding for Bell Station.”

"What? Lao Li, you want to play so big?" Zheng Yutong was shocked and said: "Central and Admiralty MTR stations are the best quality land. Land has been ready to move for a long time. Are you preparing to go head-to-head with Land?

"

"Yes, so there is a lot of pressure. If Chen Zhiwen can spend some of Land's funds, I will always be better." Li Jiacheng said.

"This is unlikely." Zheng Yutong shook his head and said: "Those supermarkets are not large in area, and they are also high-quality assets. Even if Hutchison and Land compete against each other, they will not spend much cash. Moreover, for Land,

, the supermarket may be just a small business, and the properties at Central and Admiralty MTR stations are probably the ones I am determined to get."

"I also know, but I have to try no matter what. I, Cheung Kong Holdings, have been operating outside Hong Kong Island for almost 20 years, and I have yet to do a big business on Hong Kong Island. I will not be willing to do it if I don't try it once." Li Jiacheng

He slowly exhaled and said.

Although the assets of Cheung Kong Holdings have grown exponentially over the years, the total scale is far behind Landmark. Land owns more than 20 buildings in prosperous areas of Central, Admiralty, and Tsim Sha Tsui. Each building

The values ​​are all in hundreds of millions, and the annual rental income of these properties is as high as hundreds of millions of Hong Kong dollars.

In comparison, Cheung Kong Holdings, one of the five real estate giants, has worked hard for a year, operating various communities and office buildings, buying and selling, buying low and selling high, and its net profit in a year is only tens of millions of Hong Kong dollars, and it still takes risks.

Huge risk.

In the whole of Hong Kong, which real estate businessman does not envy Land Land, which earns hundreds of millions of Hong Kong dollars in income a year? When development reaches a certain level, who among Hong Kong real estate businessmen would not want to enter Hong Kong Island? Especially Central, which is the center of Hong Kong Island.

"When you go to Hong Kong Island, you have many choices, but choosing directly between Central and Admiralty MTR stations is really ambitious. And it's not just land. Basically, the big conglomerates in Hong Kong will not give up this location." Zheng Yutong said.

"I know that Land Land is the biggest threat." Li Jiacheng said with a frown.

Repulse Bay, Chen Family:

Beside the swimming pool, Chen Zhiwen was leisurely eating jackfruit imported from Thailand, while Chen Tianfu was eating durian. The smell made Chen Zhiwen feel very uncomfortable, so he moved the lounge chair farther away from his father.

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

"Forget it, it's the same if I eat jackfruit." Chen Zhiwen shook his head quickly and said.

Recently, the property in Repulse Bay imported a batch of high-quality tropical fruits from Thailand, and the Chen family also took some. However, whether in his previous life or now, Chen Zhiwen did not like durians, but Chen Tianfu obviously liked them.

"I don't know how to enjoy it." Chen Tianfu said with a smile.

After eating for a while, the fruit was almost finished. Chen Tianfu said: "Awen, I am going to participate in the MTR Corporation's tender for the Central and Admiralty MTR stations."

"These two places are real prime locations. Do you have that much money on hand?" Chen Zhiwen was not surprised. He also knew that his father's ambitions were getting bigger and bigger. It would be a matter of time before he entered Central. In addition, he had previously

It is recommended to keep an eye on properties at subway stations. It is also normal to focus on properties at Central and Admiralty subway stations.

Hongkong

"I have almost HK$600 million on hand. By the end of this year, the eight projects of Hengyi and Hutchison Whampoa will basically be completed, and I can get more than HK$100 million in cash," said Chen Tianfu.

"700 million is enough." Chen Zhiwen nodded and said. In Hong Kong today, there are probably only a handful of people who can hold such a large sum of money. Maybe even those who buy land may not have this amount.

The biggest reason why Chen Tianfu has so much capital is his previous large-scale fund-raising in the private market. This is very risky for ordinary people. Fortunately, Chen Zhiwen has full confidence in this. After all, with the golden finger of the prophet, he is naturally bold.

Very big.

"However, Hengyi cannot devote all its resources to this project. I plan to continue to develop other projects." Chen Tianfu said.

"No problem. If you are interested, Hutchison Whampoa has some land in Kowloon, Tsim Sha Tsui, and Sha Tin. I will release the land and you can provide the funds to develop it." Chen Zhiwen said.

Developing Hutchison's land with his father can be regarded as maximizing profits. No matter which party makes more money, it belongs to his family.

"I'm just waiting for your words. Otherwise, I have to spend money to buy land or go to the Hong Kong government to participate in the auction. Not only will it cost a lot of money, but I also have to wait for a long time." Chen Tianfu said with a smile.

"As long as you like it. I am too lazy to develop those small plots of land at Hutchison Whampoa. If you don't develop it, I will cooperate with other Chinese companies." Chen Zhiwen shrugged and said. Hutchison Whampoa's main focus at present is to develop Huangpu Garden.

Before the completion of the period, basically no more money will be spent on developing new projects.

"That's good." Chen Tianfu nodded and asked: "You and Land recently competed for supermarket shops, are there no problems with funds?"

"Don't worry, it's no problem. In fact, it doesn't cost much. One store costs 2 to 3 million, but 100 is only 2 to 3 million. If you use leverage, 40 to 50 million Hong Kong dollars is actually enough." Chen Zhiwen said with a smile.

: "This game actually competes with courage and confidence. Everyone invests so much money or borrows a large amount of funds. In fact, it depends on the confidence in the retail industry. In this regard, I am much better than Land."

Land may also be able to see the market potential of future retail, but it can only see it. What Chen Zhiwen wants is the starting point for the entire Asian retail layout, so it will naturally spend a lot of money to enter.

"Okay, I won't ask if you are sure." Chen Tianfu said.
Chapter completed!