President Chen Bin sat on the sofa and reported seriously: "Not to mention the current 30% decline in property prices in Xiangjiang, the important thing is that the market panic is very high. In addition, at the beginning of the month, Sun Hung Kai announced the suspension of construction on 10 sites, and the financial market in Xiangjiang has been attacked by international speculators.
, the real estate industry is wailing, and major real estate developers are also very pessimistic about Xiangjiang Real Estate. This time, everyone may bid at a very low price for the Ma'anshan hotel lot."
He analyzed these and hoped that the boss would give a reasonable price to avoid bidding too high and making his peers laugh. His boss can make money, but he also spends money lavishly.
The "Ma On Shan Hotel Lot" that Chen Bin refers to covers an area of 86,000 square feet. It was originally planned to be launched in March last year. However, the plan was postponed because the City Planning Committee needed to deal with objections to the construction of a hotel in the area.
But this month, the real estate market was in a slump, and the Hong Kong government turned to a lower-key bidding method to avoid affecting the market sentiment.
Lin Zuhui calculated that on this piece of land, hotels are not allowed to be built, but 602,800 square feet of residences can be built. Properties in the same location should currently only cost 5,000 to 6,000 yuan per square foot, but it is obvious that no real estate developer dares to package it at this price.
The tickets can be sold, because now there is no market price, and it is difficult to sell the house. In the future, if it is reduced by 30%, everyone will believe it.
So obviously, everyone will bid at a low price and have the idea of picking up the slack.
Bidding is still very challenging. If you bid too high, you will be laughed at. If you bid too low, you will worry about missing the opportunity.
Although it is only a small piece of land, Lin Zuhui guessed that if the property price plummets again, major real estate developers may ask to freeze the "official land auction", so it is not easy to pick up missing land.
It’s very simple to pick out missing properties. There are still many properties for sale on the market, but the key is that no one dares to buy them.
"What price do you think is appropriate?" Lin Zuhui asked. He suddenly felt that he was not as powerful as these professionals in this regard.
Chen Bin thought for a moment and then said: "How about we offer a low price? How about 150 million Hong Kong dollars?"
Lin Zuhui was stunned and said: "The land price is 250 yuan per square meter?"
The construction cost of building one square foot of floor space is between 1,400 and 2,000 yuan. If only the floor land price of 250 yuan is added, the total cost is only about 2,000 Hong Kong dollars per square foot.
Chen Bin nodded and said: "Raising the price now will definitely not be conducive to our future bargain hunting of real estate; in addition, major real estate developers are obviously short on Xiangjiang Real Estate and will bid at a low price! Even if we lose this piece of land,
At least it’s better than raising it.”
This price was quite different from Lin Zuhui's bid, but he felt that what Chen Bin said was reasonable. It would be a good choice for New Era Group not to win the bid for this piece of land. Once the high bid was won, not only would people laugh, but they would also have to hold it in their hands.
.
"Okay, just do as you say!" Lin Zuhui said decisively.
He had given up on this piece of land in his heart, but he had no regrets. After all, it had to plummet once more to be the best bargain for real estate.
Soon, the tender documents were prepared and sent to the Hong Kong government by senior staff.
Xiangjiang Real Estate is so corrupt, I believe that Mr. Dong’s “85,000 Plan” has actually been shelved, otherwise it will make the real estate even worse.
After Chen Bin left, Lin Zuhui looked at the stocks on his computer. It was indeed a technical rebound today. It had risen to 10,900 points. It seemed that the stock price up to 11,000 points was stable.
As the saying goes, "Little Indian Spring", the Hong Kong stock market may usher in a rising wave in February and March. It is very possible to break through 13,000 points this time.
Next, Yuan Tianfan came to Lin Zuhui's office again.
"Boss" Yuan Tianfan sat respectfully on the sofa and looked at his boss.
At this time, he had a question in his mind, that is, whether the boss had anticipated the acquisition of Peregrine by Barings Bank five years ago.
The reason is that when I joined New Era Group, my boss once said, "Liang Botao, who is the boss, may not have a greater fortune in the future than you, who works for me as a senior executive."
Assuming that Peregrine goes bankrupt this time, Liang Botao really has "nothing" and is reduced to a wage earner. (Now it is not a bankruptcy acquisition, but a direct capital injection; a bankruptcy acquisition may be cheaper, but there are too many uncertainties; and the business will also
loss, so Bahrain Bank directly chooses 50:50 capital injection)
At that time, he did think about it. During the period of Duoli Company, he was the boss of Liang Botao and Du Huilian. Later, he became the chairman of the Stock Exchange, and the two became the bosses of listed companies. He had a higher status, but he was the boss of the Stock Exchange.
After the chairman of the firm left office, he immediately became a wage earner. Obviously, he felt a little disappointed, especially after seeing Liang Botao and Du Huilian become billionaires and owners of listed companies.
Later, the boss treated the couple very well, and he gradually gave up the idea of being a boss. Now, he has a net worth of over 100 million, and he has become accustomed to the position of a senior executive of a large company.
Lin Zuhui nodded, and then said directly: "I want to buy San Miguel Beer, you can do it!"
Yuan Tianfan immediately said: "Okay, I will prepare the information first and then give you a plan!"
Lin Zuhui said: "I have a general understanding that San Miguel Beer, which is listed in Xiangjiang, is affiliated to the San Miguel Group of the Philippines, and its parent company holds 56% of the shares."
Yuan Tianfan was stunned and immediately said: "The boss wants to acquire it directly from the San Miguel Group? This may be a bit difficult. After all, there is San Miguel Beer first, and then there is the San Miguel Group; and now the San Miguel Group is a large consortium in the Philippines, involved in all aspects.
Business, even if there is a financial crisis in Southeast Asia, they probably will not sell San Miguel."
Lin Zuhui said: "If you don't sell it, grab it!"
Yuan Tianfan choked. There was a big problem with what the boss said. How to rob him?
Others are local snakes in the Philippines. Although San Miguel Beer is listed in Xiangjiang, others hold more than 50% of the shares, so there is no chance at all.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! However, Lin Zuhui soon added: "As far as I know, San Miguel Group involves overt and covert struggles between two major families. The founder family's Soriano
Family', the local political powerhouse 'Xu Huango Family'; therefore, you arrange to absorb the stocks of the Philippine San Miguel Group, and our stocks are the chips at the critical moment!"
It's almost an obvious robbery, but this is normal business behavior - an exchange of conditions.
Yuan Tianfan was a little surprised, because the founder family should still be in power in the San Miguel Group at present. According to the boss's guess, the Xu Huange family wanted to retake the San Miguel Group (which had used the support of the President of the Philippines to use the influence of the two founder families).
Contradictory, he was in power of the San Miguel Group from 1980 to 1986, and later returned to the Soriano family because he had to flee abroad), and the boss could actually guess that the two sides were going to confront each other in Xiangjiang. I have to admire the boss's foresight.
In fact, Lin Zuhui didn't know anything, but he seemed to remember that the San Miguel Group was in the hands of the Chinese, and now that it was in the hands of a European colonial family, there would obviously be a war. What would be the best time, naturally it would be the Asian financial crisis.
But in any case, the later San Miguel Corporation is the largest conglomerate in the Philippines. Now it absorbs the shares of its parent company and is guaranteed to make a profit without losing any money.
"Okay, I'll arrange for the company to start secretly purchasing San Miguel Group shares."
"Well, don't buy the San Miguel Beer listed company here in Hong Kong for the time being. It's not stable yet! Moreover, buying shares will only alert the enemy, and it won't affect the outcome."
Yuan Tianfan nodded and said, "Okay, I understand!"
The biggest benefit of working with the boss is to know the direction of real estate and the stock market, he thought. In the first half of last year, he asked his wife to sell the property, and she was still a little reluctant. Now she is amazed every day that she was lucky enough to sell the property early.
After Yuan Tianfan left, Lin Zuhui showed a smile.
In fact, New Era Group has had dealings with San Miguel Beer. In 1994, San Miguel sold the land of its Sham Tseng Hoi Brewery to New Era Group for 3.5 billion, and San Miguel Beer's factory has been moved to Yuen Long Industrial
village.
San Miguel Beer was once one of the three major beer groups in Asia, but in the 1940s and 1950s, it acquired the only beer factory in Hong Kong and then began to establish its foothold in Asia. In recent years, San Miguel Beer has gone downhill, and its share in Asia has gradually
Reduced, the market value is currently only about 1 billion.
Lin Zuhui's acquisition of San Miguel Beer was just to enter the beer field. After the acquisition, he first reorganized San Miguel Beer and used good marketing to strive to return to the top of the Asian brand. At the same time, of course, he also wanted to acquire mainland beer companies and develop in the mainland.
business.
With San Miguel Beer as a listed company, New Era Group can also participate in the world's largest merger of Budweiser and InBev, hold its shares, and wait for appreciation. This is the best shortcut to making a fortune.
The next day, the Hong Kong government announced that New Era Group had won the bid for the Ma Onshan hotel site, with a price tag of HK$150 million.
The price of HK$150 million is a "classic" in the history of Xiangjiang real estate auctions.
The land price is converted to 1,700 yuan per square foot, and the land price per square foot is 250 yuan, which is very incredible.
For example, the Dapu lot (980,000 square feet of land) that was auctioned in late October last year was won by New Era Group at a floor price equivalent to 4,800 yuan. The total price was HK$5.6 billion, and 1.2 million square feet of residential floor space could be built. Because it is a high-end residential building
The project and the land area were very large, so Lin Zuhui really wanted to take the photo.
"Boss, what do you think the second price is? Which real estate company is it?" Chen Bin said with a smile. He was very happy that he actually won the bid. After all, it was a real pick-up.
Lin Zuhui said directly: "Is it Changshi's offer?"
Chen Bin didn't dare to sell it off and said directly: "Yes, their quotation is only 128 million!"
Lin Zuhui was a little surprised. It seemed that all major real estate developers were afraid to acquire land!
"This winning bid at such a low price will definitely affect the bidding for another piece of land!"
Chen Bin nodded and said: "The land on Canton Road can build 1,100 residential units and covers an area of 111,000 square feet. Plus it is in Kowloon, major real estate developers will still bid seriously. Some surveyors estimate that,
The land price per square foot can reach NT$4,000, which is equivalent to a value of HK$4 billion."
Lin Zuhui said: "If it is reduced by another 30%, it will be 2.8 billion!"
Chen Bin said: "Maybe everyone thinks this way, this land is very important, how about we bid 3.08 billion?"
It can't be a classic every time, so don't think about that good thing. With a price tag of 3.08 billion, the total land price per square foot is 3,000 yuan, and the total floor cost per square foot is 5,000 yuan.
The house was put on sale three years later. At that time, Xiangjiang Real Estate was still worth six to seven thousand. Of course, all the major real estate developers would cover it up, and naturally the price would be higher.
"Okay, do as you say!"
Lin Zuhui finally accepted Chen Bin's advice because he was no longer good at bidding. Chen Bin made a great contribution this time and was in the limelight.
In fact, he is not involved in these small things now. It's just that he happened to be in Xiangjiang and Chen Bin came to talk to him. Plus, it was a special period.
If the real estate market were in normal times, Chen Bin and others would be responsible for the land auction, and there would be no need to ask Lin Zuhui for instructions no matter how much they bid.
In any case, the Xiangjiang real estate market has sent out a message: the property market, which has already fallen by more than 30%, may fall by another 30%.
It is equivalent to a property worth 10,000 yuan per square foot (in the first half of 1997). Now it has fallen to 6,000 to 7,000 yuan, and will soon fall to 4,000 to 5,000 yuan.
Tragic, really miserable!
Investors seeking loans for real estate speculation have already started queuing up on the rooftop. It is said that during this period in South Korea, a large number of people lined up to jump off the Han River Bridge every day.