At the auction, the auctioneer who presided over the auction was also very excited because he knew that today was a battle between dragons and tigers.
Before the auction, the media in Xiangjiang had already begun analysis and came up with a very good prediction.
"Welcome everyone to participate in today's 'Wan Chai Land King' auction. Let me first tell you the rules... The land being auctioned today is located on the south side of Harbor Road, Wan Chai, with an area of 77,800 square feet. According to the regulations of the Planning Department
, the floor area here can be built up to 1.4 million square feet...Okay, now we are ready to start bidding, the starting price is 1.8 billion, and the minimum increase for each bidding is 1 million...Start!"
Next, major real estate developers are actively bidding!
Although the media analyzed beforehand that Chinese Real Estate and Sino Real Estate were the two consortiums most likely to win, in fact, no one has strong financial strength today. Moreover, everyone is not bidding alone, but forming a consortium.
Today, a total of more than a dozen consortiums have joined the bidding, including Japanese, Australian, British, and Southeast Asian capital.
For a time, it was like the Warring States Period!
The price soon reached 2.8 billion, and many consortiums had given up. The price was already too high for them.
Lin Zuhui started to raise his placard, which instantly attracted everyone's attention.
"2.81 billion"
The price increase was quite satisfactory, and he did not expect to scare off his enemies with the higher price, so he steadily increased the price and competed with patience and determination.
Time passed by second by second again, and the smell of gunpowder in the auction was full.
On the other side, Huang Tingfang, his son, and Guo Bingxiang looked a little heavy, but their bids were unambiguous.
Beginning this year, Guo Desheng also handed over Sun Hung Kai to the three brothers Guo Bingxiang and retreated behind the scenes. It seemed that the Zheng and Guo families had discussed it.
10 minutes later.
"3.21 billion"
Huang Tingfang shouted out a high price, which immediately aroused enthusiastic applause from the auction participants. Lin Zuhui also cooperated, but his eyes were fixed on the auctioneer, so he could not be careless and lose Jingzhou.
Bidding continues!
"3.35 billion"
When Lin Zuhui shouted a high price, the auction house applauded again, and everyone had smiles on their faces.
Although I didn’t win, we are all real estate developers and reporters. The higher the auction price, the better the real estate situation, and the more news material there is to write about.
On the other side, Huang Tingfang and his son and Guo Bingxiang began to discuss in a low voice and stared at the auctioneer at all times.
Everyone only saw the three people discussing in a low voice, and then quickly joined in to continue bidding. The people at the auction were immediately greeted by exclaims.
However, careful people also discovered that Lin Zuhui did not look at any competitors during the entire process. He just increased prices anyway, as if he was just reading numbers.
Full of confidence!
I didn’t take everyone seriously at all, I just kept bidding anyway.
When the price exceeded the 3.35 billion in his previous life, Lin Zuhui did not feel any fluctuation in his heart, because he knew how powerful Huang Tingfang and his son were, so he did not intend for his enemies to pity him.
He actually has a reserve price in mind, which is 4.5 billion!
"3.41 billion"
...
"3.5 billion"
The numbers continue to be refreshed, and the people at the auction no longer know how to describe it. These two companies are too cruel!
"3.52 billion"
Lin Zuhui continued to bid. He thought it would continue, but there was no sound from Xinhe Real Estate. He couldn't help but turn his head and look over.
Then they saw the Huangs, father and son, and Guo Bingxiang exiting with smiles.
The auctioneer was already very satisfied!
In the last Land King Auction, Hang Seng Bank won the bid at 80% higher than the reserve price, which has already set a new record in Hong Kong.
Now, Chinese Real Estate has succeeded in bidding at a price that is 90% higher than the reserve price, which is big news!
Everyone stood up and applauded Lin Zuhui's "Tiger Gut".
It's sincere!
As real estate developers, if someone is driving up the market price, why wouldn't they do it!
It can be expected that with today's news about the auction, real estate speculators will join a new round of "real estate speculation", and even the public will immediately consider buying a house.
Lin Zuhui's reputation is not low, and he is very effective in taking the lead.
"3.52 billion...for the third time...Congratulations to Chinese Real Estate, Henderson Land!"
On the way back, Lin Zuhui and Lee Shau Kee were in the same car and planned to find a hotel to get together.
In the car, Lee Shau Kee said curiously: "Do you have a reserve price?"
Because at the beginning of the discussion, Lin Zuhui said that he could withdraw at any time if the price was too high. The implication was that Lin Zuhui did not want to reveal his maximum price, so he did not ask.
"Yes, 4.5 billion is my base price!"
Lee Shau Kee suddenly took a deep breath and asked himself, if he could win the astronomical price of 4.5 billion, he might quit. In his opinion, even for 20% of the shares, he would need an investment of more than one billion. The price is too high, it is better to invest in
The market absorbs land as a reserve.
.......
afternoon.
In the conference room of Chinese Real Estate, a meeting was held on the design blueprint of the "Wan Chai Land King", and the cooperating design unit, Hong Kong P&T Architectural Design Company, and cooperating ally Lee Shau Kee were invited.
Lin Zuhui had decided to hold this meeting long before the auction, and he was very confident.
Although Lin Zuhui is not a professional architect, the entire building plan still has to be based on his ideas, and the design unit can only design based on his ideas.
"Let me tell you my thoughts first. The building is 78 floors high and 375 meters..."
"The building looks like a triangle, but it is not really a triangle because its sharp corners have been cut off. There are two reasons: first, to have more indoor area that is easy to use; and more importantly, to avoid
It is not only impolite to offend your neighbors by charging your tax profits at them, but more importantly, it is detrimental to feng shui."
Everyone nodded, approving Lin Zuhui’s appearance idea!
Lin Zuhui then said: "Because I want to build a landmark building in Hong Kong and one of the top ten famous buildings in the world, I want to make Central Plaza clearly visible to all districts in Hong Kong and Kowloon. Do you have any design ideas for this?"
When the news of the Wan Chai Land King auction came out, the design unit was already asked by Lin Zuhui to prepare their creative ideas. This was the time to test it out.
A famous designer said: "The lights at night are of course the most eye-catching! Moreover, we can use the world's most advanced technology to design changing colors, brilliant lights, vibrant dynamics, creative ideas, and powerful
A powerful, integrated 'phantom timepiece'."
Lin Zuhui thought for a while and quickly agreed: "This idea must be well designed, and it is especially important to integrate the most advanced technology. The 1990s was the era of technology, and all designs of our buildings must be the most advanced technology in the world."
As long as the construction of Hong Kong's buildings started in the 1980s, they will not be out of date even in the 21st century, such as the Exchange Square Building.
In fact, in Hong Kong in the late 1970s, computer elements were already incorporated into the design of buildings (commercial computers). The entire building's power supply, water supply, fire protection, alarms, air intensity adjustment, communication systems, etc., have begun to be controlled by computers. It is quite representative.
The most interesting thing is that the Gloucester Building, which was built in the late 1970s, has already been technologically advanced.
In fact, before the 1980s, few real estate developers in Hong Kong dared to invest in large commercial buildings because it was not conducive to the company's capital circulation. Because of this, small and medium-sized buildings were everywhere at that time, which also led to the later large real estate developers starting to merge buildings.
It provides conditions for the construction of first-class commercial buildings.
This design meeting on the "Central Plaza" lasted until the evening, and everyone was still unsatisfied before it ended. Lin Zuhui invited everyone to have dinner together.
He attaches great importance to this project. First of all, the investment is not low, conservatively at 5.3 billion to 5.5 billion;
Secondly, Hong Kong’s landmarks and the world’s top ten famous buildings are the proud representatives of the Lam family.
...
The next day.
Lin Zuhui came to China Real Estate Center because now New Era Group and Chinese Real Estate have a local office, so naturally he only needs one office.
Chinese Land's current debt has increased to 3 billion, but it has the title of "small land" because it owns a large number of rental properties, second only to Land and Wharf.
At this time, there were three buildings under construction by Chinese Land: the Grand Center in Causeway Bay, the Entertainment Building in Central, and the Central Plaza in Wan Chai.
These three buildings are undoubtedly high-quality buildings. The cheapest entertainment building in the future is estimated to be worth 8 billion. Although the Grand Center is in Causeway Bay, its property is 600,000 square feet and the price is 15 billion.
As for the most valuable Central Plaza, there is still no problem with 40 billion in the future!
Although the future value will be high, the current construction costs of the three buildings are also very high: Central Plaza 1.8 billion (estimated), Gloria Center (800 million), and Entertainment Building (500 million), with a total construction cost of about 3 billion.
, enough to double the debt of Chinese property owners.
Of course, there is no need for a one-time investment, and the debt will not be incurred in full immediately, but in stages.
Lin Zuhui estimated that before the collapse, Chinese Real Estate's rent, cash on the account, and securities withdrawals were estimated to be 1.5 billion; the sale of scattered properties could probably collect 2 billion.
Therefore, Chinese real estate still has strong motivation.
Don’t worry if the debt is higher. After the sharp decline, it will be beneficial to the privatization of Chinese real estate.
Picking up the newspaper on his desk, Lin Zuhui took a look and saw that the headline was indeed about Chinese real estate. The big "yuan per square foot" in the headline was the key point.
The analysis of the article pointed out: In May 1987, Hang Seng Bank purchased the former Central District Fire Station site at a unit price of NT$1.00 per square foot, setting a record for the highest land sale in Hong Kong. Now, only in the past year and a half, Chinese Real Estate and Henderson Land have jointly purchased the site.
The unit price per square foot broke that record, and it was still in Wan Chai. Of course, the large land area in Wan Chai actually determines its price to be higher. After all, it is convenient for real estate developers.
I picked up another newspaper, and the news on it was somewhat critical of Chinese real estate. The article pointed out: Four years ago, New World Development acquired the land of the Convention and Exhibition Center just across the road without spending a penny, and it was enough.
It is 335,000 square feet. Comparing the height and height, it is clear at a glance.
Lin Zuhui put down the newspaper calmly. Isn't this nonsense? He had traveled ten years earlier and it would be strange if he didn't win the convention and exhibition center project.
The key point is that land in the commercial district of the island is now very scarce, let alone the king of land. It would be strange if everyone doesn't grab it.