At the auction, many real estate developers gathered in Hong Kong, and Lin Zuhui's appearance immediately attracted countless attention.
He is young, has done a lot of things, and is as famous as the four major families. He even wants to keep a low profile.
The auction has not yet started, and many people gathered together to chat. Although they are opponents today, they may be friends in private.
Lin Zuhui glanced around and found that none of the founders of the four major families appeared at the auction.
The person participating in the auction of Changshi was a young man, probably in his early thirties, probably Zhou Xianmao. Both Zhou Zhoumao and his son were reused by Li Chaoren, and they were promoted to directors and deputy general managers of Changshi. Zhou Xianmao held this position more than Huo Jianning.
Still younger.
Sun Hung Kai Properties has a large land reserve, so Lao Guo was not in a hurry and sent his eldest son Guo Bingxiang to land.
Henderson's Lee Shau-kee and New World's Cheng Yu-tung both lost their friends Feng King Hei (Sun Hung Kai Bank) this month, and in March this year they also lost their friends Yang Zhiyun (Miramar Hotel), so they were not at the scene. They were all company executives.
.
It seems that the four major families are ready to support the second generation.
In fact, although the four major families have become powerful at this time, the market value of their real estate companies is not high; Cheung Kong Holdings and Sun Hung Kai have a market value of more than 8 billion, while New World and Henderson only have a market value of more than 6 billion.
Of course, they don't just rely on one company, they have many associated companies. Coupled with their personal wealth, it is naturally far beyond what Lin Zuhui can compare with.
"Zu Hui, it looks like he is bound to win today!" Wang Qilin came over to welcome him and said in a friendly manner.
Because the two of them are the brains of a listed company, naturally they can't come together as they did in the past. After all, they each still have people with them!
"Uncle Wang, didn't we just raise 120 million yuan? Today we have to grab a bone from the hands of big guys like you!" Lin Zuhui said with a smile.
Wang Qilin can be regarded as a medium-sized real estate developer. Originally, his strength was more than one billion in real estate assets. By trusting Lin Zuhui's prediction, he has purchased a large number of properties since December last year, estimated to be worth 3 to 4 billion Hong Kong dollars.
Okay. The scale of a listed company plus personal assets is definitely close to 2 billion.
"I am not as bold as you in taking action, and I am not as determined to win today!" Wang Qilin said.
He originally wanted to persuade Lin Zuhui not to be carried away by the emotion of the auction, but when he thought about it, the market value of other listed companies exceeded Gaosheng Real Estate, so he needed to be reminded.
My nephew is not an impulsive person.
After chatting with Wang Qilin for a while, Lin Zuhui handed over a few more business cards, and the auction finally officially began.
The first piece of land, located in North Point, covers an area of 36,000 square feet and has a plot ratio of 3.2 times.
The so-called "plot ratio" is a saying in Hong Kong. It means that the floor area that can be built is equal to the floor area multiplied by the plot ratio. For example, on this land, the buildable floor area is 115,000 square feet, which is equivalent to 500 square feet.
230 residential units per square foot.
The plot ratio ratio is not absolute. It can be more relaxed under special circumstances, but it is also difficult to obtain approval.
The first piece of land was sold for 26 million. It seems that the Hong Kong government will make hundreds of millions more this time.
Next, the land auctioned were of various sizes, ranging from just over 10,000 square feet to as large as 150,000 square feet.
"The fifth piece of land is now being auctioned. This piece of land is located in Shauqiwan and covers an area of 92,000 square feet. The starting price is 50 million, and each increase in price is no less than 200,000... Boom... the auction begins!
"
Shauqiwan was originally an industrial area. It gradually became a residential area in the 1960s and 1970s. Now the subway is connected and the transportation is very convenient.
You can buy it, provided the price is right!
Lin Zuhui immediately raised his sign!
"50.2 million"
Next, Lin Zuhui was so powerful that he just raised the price to 59 million!
Many real estate developers raised eyebrows, mainly because Lin Zuhui showed strong desire and was full of momentum, looking like a powerful water guy.
The people bidding against Lam Cho Fai were the Huangs and his sons of Sino Properties, the "super friends" in the Hong Kong real estate industry. Precisely because they were "super friends", from June 1981 to June 1984, Sino Properties suffered losses of up to 1 billion and almost faced
Bankruptcy situation. This real estate company purchased a large amount of land from 1983 to 1984, as many as ten lots, and suffered heavy losses.
Don't think that buying the bottom will make a profit. The premise is where the bottom comes from and how long it is until dawn. Bank interest must also be considered.
When Huang and his son saw Lin Zuhui's enthusiastic performance, they first did not want to fall behind, and secondly, they also wanted to cheat Lin Zuhui.
What they didn't know was that although Lin Zuhui was young, his strategies were superior to theirs. He had excellent eyesight and a fast brain. Every move of the Huang family and his son was in his eyes and in his mind.
Since the father and son of this family have no good intentions, he will return it today.
"65 million"
When Lin Zuhui shouted out this high price, many people shook their heads. It was more than 5 million more expensive. This young man really spent money indiscriminately.
Huang Tingfang reported without hesitation: "66 million"
Lin Zuhui's mind was racing. The Huangs seemed to have some memories of their own. In the late 1980s and early 1990s, high prices were frequently reported for the 'Big Fool' sold at the 1990s auction. There seems to be an interesting anecdote: This Huang Ting
Fang and a real estate company competed for a piece of land. The bidding price was reported to be 1.2 billion, which was already beyond the budget of all real estate developers at the auction. They were still fighting; in the end, Huang Tingfang also used the trick of "Flying Elephant Crossing the River", bending down and crossing the river.
After several rows of opponents were negotiating, the auctioneer naturally stopped him in order to get more commissions, and for a while he became a joke in the real estate industry.
"68 million" Lin Zuhui took the risk.
Although he was taking a risk, he still showed strong desire in person.
Huang Tingfang turned sideways and saw Lin Zuhui's expression, and immediately snorted in his heart. He was made angry by a young man today, and he shouted without hesitation: "70 million!"
This chapter is not over yet, please click on the next page to continue reading! After shouting, Huang Tingfang regretted it, and his son shook his head inadvertently.
Lin Zuhui understood, so he pretended to be helpless and shook his head, indicating that he gave up.
The premium is more than 40%, and the real estate market is not so hot now, so it is necessary!
Huang Tingfang's face was a bit ugly. He clearly found out that Lin Zuhui was desperate, so he decided to treat it! But fortunately, there was no problem at all in this return.
I was lucky today, and soon another piece of residential land in Pok Fu Lam was released, with an area of 88,000 square feet and a plot ratio as high as 3.9.
Lin Zuhui continued his usual performance, and his enthusiasm for raising prices did not diminish. He quickly shouted 68.8 million. This time, no one followed him, which surprised him.
It turns out that many real estate tycoons don't want to tangle with a young "stupid young man". Even if they win, they may have to imitate Huang Tingfang and lose face. But after Huang Tingfang calmed down just now, he found that he was impulsive. If he continued to fight, maybe it would be bad.
Tomorrow his reputation as a 'small belly chicken intestine' will spread.
What's more, this piece of land is worth almost that much!
Just like this, Lin Zuhui finally got a piece of land he wanted, and sighed in his heart that these big guys still care about this seedling.
Of course, everyone soon discovered that after Lin Zuhui took the photo of a piece of land, he never made any bids again. Judging from the two bids, others just wanted to get a piece of medium-sized land, so they showed their intense desire.
After the auction, Huang and his son took the initiative to come to Lin Zuhui to greet them, seeming to have forgotten what happened. Lin Zuhui naturally knew that these were just for others to see, so everyone should deal with them casually without getting angry.
Naturally, Lin Zuhui didn't want to make an enemy, so he chatted with the father and son for a few words.