With this round of rapid development, the two major industries in Xiangjiang that have attracted the most attention are finance and real estate. In real estate, land auctions have attracted the most attention.
At three o'clock in the afternoon on the day of He Bin's visit, Li Jianhui attended the land auction held by the Xiangjiang Land Planning Department on behalf of Xinjian Real Estate.
In addition, Su Hongtao, representing Wheelock Land Group, and Clay Johnson, representing Hutchison Whampoa, also attended.
Zhang Guangwen, Chairman of the Board of Directors of Guanghua Construction, Li Guobao, Chairman of the Board of Directors of Chinese Land, and Lei Juekun, Chairman of the Board of Directors of Kowloon Construction, all of whom had good relations with Li Jianhui, also came to the venue.
"Jianhui, your business is huge. Do you have any goals today?"
"Uncle Lei, it's not like you don't know my situation. Now Xinjian Group is fully committed to the Tianshui City project, and there is no spare funds to start new projects.
As for Wheelock Group, the current Wheelock Plaza project in Haojiang New Town is also a bottomless pit, and there is no extra funds to compete with these big players.
Not to mention Hutchison Whampoa, which does not have much capital on its books, and the retail industry cannot provide blood for the group. It is already very difficult to develop the current project, and there is currently no capital to acquire land."
Li Guobao on the side said with a smile: "Jianhui, you, the three major groups came to participate in the auction today, you won't just sit there and watch the show.
This is a shame for the names of your major groups, especially Wheelock and Hutchison Whampoa. The two major groups have never left empty-handed in every auction for decades."
A few people were talking and laughing, but their group put great pressure on other small groups.
Li Jianhui himself knows how poor he has been made by the Tianshui City project during this period, but what the outside world sees is his strong strength.
Today, Li Jianhui was present in person again, and the three major groups came together. They were not sure whether their desired goals could be easily accomplished.
This time, on the other hand, Nubigian and York Shihuaiya, who had always been at odds with Li Jianhui, looked quite relaxed and were not worried at all because of Li Jianhui's strong strength.
In their view, Li Jianhui is a paper tiger. He looks powerful, but he is short of money and does not have much funds to participate in today's auction.
As the auction officially begins, the competition for every piece of land is fierce, and Li Jianhui has no chance to get any bargains.
I don’t know if it is because the government is determined to increase the development of the new town in Tseung Kwan O. The amount of land in the Tseung Kwan O area being auctioned today is very large.
The most lively event is the auction of property development rights from Hung Hom to Tseung Kwan O MTR station. Using existing lines and lines under construction, this time a truly new line is built from Kwun Tong to Tseung Kwan O.
Utilize the existing construction stations in Kwun Tong to build new Lam Tin Station, Yau Tong Station, Tiu Keng Ling Station, Fai Hung Industrial Park, Tseung Kwan O Station, Hong Kong Polytechnic University Station, and Po Lam Station.
Li Jianhui has no intention of entering the market, but Guanghua Construction has set its sights on Tiu Keng Ling station. Li Jianhui will not let outsiders take advantage of this subway station development in Tiu Keng Ling.
As for other sites, Li Jianhui and his group will not participate, leaving it to other companies to compete.
Starting from Lam Tin Station, the competition for the top ten companies in Xiangjiang is very fierce, with Hang Lung Group, Cheung Kong Group, New World Development, Sun Hung Kai, etc. competing to take action.
Prices are also gradually rising, especially for Hang Lung Group and Cheung Kong Group. It seems that they have quite sufficient funds in hand. After winning one site, Ren Jiu was not satisfied and continued to compete for subsequent sites.
This time, not only did Li Jianhui, who owns the three major real estate companies, appear relatively quiet, but Jardine and Swire also did not take much action. It was as if the four major foreign companies had become spectators, and the auction had become an internal battle among Xiangjiang Chinese companies.
In the competition for the property development rights at Tseung Kwan O Station, no one of the five major groups, Sun Hung Kai Properties, Cheung Kong, Hang Lung, Wharf, and Shun Tak, seemed willing to give in, creating the most intense multi-party competition in land auctions since the 1960s.
In the past, land auctions basically involved a Chinese-owned real estate company and a British-owned real estate company competing against each other. It was rare for more than three companies to compete for a piece of land at the same time.
None of these five companies is simple. The leader of Wharf is the leader of the Chinese business community in Hong Kong. Behind Sun Hung Kai Properties are the three musketeers Kwok Desheng, Li Shiuji and Feng Jingxi.
Behind the Shun Tak Group is the Ho family, one of the four major families in Hong Kong, and behind Cheung Kong is Li Chaoren. Before Li Jianhui, the five-package king, entered the real estate industry, the Hang Lung Group had been competing with Sun Hung Kai Properties for the number one position in the Chinese real estate industry in Hong Kong.
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The strong strength of each company, coupled with the fact that Tseung Kwan O Station is located in the center of the Tseung Kwan O new town planned by the government and has broad prospects, makes several companies not want to lose such an opportunity easily.
As the bids are raised again and again, the price continues to break new highs. If there is no accident, the highest price in today's auction will be the one written above.
As the price exceeded the bottom line of several companies, Hang Lung, Wharf and even Sun Hung Kai Properties gave up one after another. In the end, Shun Tak won the project at a price of 5 million more than Cheung Kong.
This time, Zhang Guangwen was under the least pressure. Due to various reasons, almost no companies were willing to participate in the Tiu Keng Ling Station. Guanghua Construction Company easily won the development property rights of this station.
Although Kowloon Construction and Chinese Real Estate did not win the property development rights at the MTR station, they still made some gains, allowing the company to add several more pieces of commercial land in the Tseung Kwan O area.
At the end of the auction, Jardine and Nubigian walked together with Li Jianhui and others, whether intentionally or unintentionally.
And he said with a smile: "Mr. Li Jianhui, today I came to see you show off your talents. Unexpectedly, the process made me quite disappointed. I am afraid that the prestige of Wheelock and Hutchison Whampoa will not be preserved."
"I know very well what the future holds for Wheelock and Hutchison Whampoa, but it's hard to say for the future of Jardine. I just don't know how many days King Taipan will be able to stay in Jardine. I've heard about the Keswick family and the Jardine family.
Increasingly dissatisfied with the current status of Yihe’s development.”
In the face of Li Jianhui's retort, Newbigian was not angry. In his view, Li Jianhui was a tough talker, and the current Xin Jian Department's capital chain was probably quite tight.
When Li Jianhui Xinjian Bank opens, he will teach Li Jianhui an unforgettable lesson and even cause the entire Xinjian system to collapse.
As for the inside of Jardine, Newbijian is not worried at all at present. Despite the dancing of the younger generations of the two major families, as long as the two helmsmen still support him, his position in Jardine will not be shaken.
As long as the Xin Jian system is suppressed, all the doubts he faces now will disappear completely.
And now they have changed their strategy. Before, they were clearly separate from the Chinese companies. Now Jardine and Swire are cooperating with some Chinese companies, allowing the Chinese families to fight with each other, while they stand behind and reap the benefits.