After experiencing Black Monday, we ushered in Black Tuesday one after another. The stock market continued to fall on Wednesday. If there are no special events, Black Wednesday will be inevitable.
On this day, neither the upper echelon of Xiangjiang's business community nor the major media focused on the stock market, but focused on local auctions.
Due to too many auctions, the auction lasted for three days. It officially started at 8:30 in the morning. According to the plan, it will end at 6:00 in the afternoon, with a break of one and a half hours from 12:30 to 14:00.
136 pieces of land, from No. 1 to No. 136, except for No. 1, the further to the back, the higher the commercial development value of the land, especially No. 136, although the area is not the largest, because it is located in Repulse Bay, it is also
It will be the focus of competition for this land auction. There is a 90% chance that the land king belongs to this piece of land.
Today's local auction event is also attended by big names. Not to mention the members of Donghua, Far East, Sun Hung, New Asia, and Nanjiang consortiums, the core members of the Xianghua Consortium, which focuses on the north, also came to the local auction site.
, members of the Nanyang Society in Hong Kong also came here, and there were also representatives of many powerful foreign-funded enterprises present.
The Bryan government also attached great importance to this land auction. Although Bryan did not come to attend, the Chief of Administration, Mr. Cross, and the Secretary of Finance, Mr. Ross, were present in person. The auction was also personally presided over by the Director of the Department of Land and Planning.
Perhaps in order to deliberately provoke competition among several parties, the arrangement of land No. 1 is quite subtle. It is located on the east side of Shatin University Town. The land area is 183,568 square feet, about 27 acres, and can be used for residential, office buildings, hotels and other construction developments.
The starting price is 50 million, and the minimum bid increase is 1 million each time, with millions as an integer.
All parties have great interest in this piece of land, especially real estate companies like Xiangjiang.
As the president of Hutchison Real Estate, Li Huidong made the first quotation, and the price was not just an increase of 1 million, but directly quoted 80 million Hong Kong dollars, which directly made the unit price per square foot exceed 400 Hong Kong dollars, which is also close to the current market in Shatin.
price.
However, it was clear that all parties had no intention of giving this land away. Swire Properties, Cheung Kong, Sun Hung Kai, New World, Hong Leong Group, etc. successively made bids, and the auction price quickly exceeded 100 million Hong Kong dollars.
It was obvious that all the major forces had internal discussions, and for land No. 1, only one real estate company quoted from all the forces.
Li Huidong, who had ample funds as a guarantee, was determined to win the No. 1 plot. After several bids, he directly quoted a price of 150 million.
This has obviously exceeded the current actual price of the land, but considering the future situation, this price will not scare other parties.
In particular, Swire Properties and Sun Hung Kai Properties have quoted high prices of 170 million and 180 million respectively, pushing the unit price of this land to more than 900 Hong Kong dollars per square foot, which is already on par with Yau Tsim Mong and Hong Kong Island land prices.
flat.
I don’t know how the representatives of major real estate companies feel. Kesos, Ross and others are very happy. This land auction will definitely create huge financial revenue for them. Many projects will also have enough funds to start, especially new projects.
The airport and several important subway lines.
Hutchison Real Estate, which has deep pockets, obviously would not give up this land. Li Huidong made successive bids and finally won the land at a price of 260 million.
Judging from the current situation, the price of this piece of land can be said to be seriously exaggerated. If there was no 50-hectare limit, I believe it would never be possible to achieve such a price during this period.
The price per square foot has reached more than 1,400 Hong Kong dollars, nearly 10 million Hong Kong dollars per acre. This is expensive enough for this period in Hong Kong. The current market price, even in Kowloon City and Hong Kong Island, is not so high.
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Although it is relatively high, Li Jianhui still thinks it is worth it. He believes that with the rapid economic development of Hong Kong and the continuous implementation of Brian's policy, the price of land will inevitably soar rapidly. In a few years, the market price of this land will exceed the current price.
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Think about it twenty or thirty years later, the price of land per square foot will be as high as tens of thousands of Hong Kong dollars. Now this inflated price is really nothing.
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Starting from Land No. 2, the commercial value is relatively small, and none of the parties has the intention to win it. Compared with Land No. 1, the competition between the several parties is not too fierce. On the contrary, representatives of many small and medium-sized real estate companies bid equally.
lively.
These people may also understand that their chances are from the 2nd to the 30th, and the further back they go, the slimmer their chances are. Those are the battlefields for large-scale real estate battles.
Donghuahui saw that several major forces did not take much action and made no bids. When eating meat, they still have to give these small and medium-sized enterprises a drink of soup. Nothing can be too desperate.
In particular, Tung Wah Club itself has a land reserve with an area no less than that of this auction. If it takes all of it this time, I am afraid that it will really become the target of public criticism.
Donghua Club has two purposes for this auction. One is to acquire more important land, with an area of no less than one-third of the auction, and try to get half of it.
The other one is to target the Nanjiang Society and the Sun Hung Society. The Nanjiang Society had the right to issue Hong Kong currency notes, and the Sun Hung Society was regarded by the Tung Wah Society as the most threatening business consortium to the Tung Wah Society in Greater China.
The whole morning's auction only completed the auctions from Lot 1 to Lot 25. In addition to Hutchison Real Estate, which won Lot 1, Xinhui Real Estate won Lot 23, and Kowloon Construction won the auction at Tung Wah Club.
Got 25 good lands.
Li Jianhui and others are not too anxious about this. The focus is still on the auction the day after tomorrow. Then it will be a battle of money.
At the end of the morning auction, Kesos said: "Thank you very much for participating in this auction. I would like to take this opportunity today to announce several recent investments by the government.
First, the location of our new Hong Kong Airport has been decided. It is located in Chek Lap Kok, Lantau Island. The construction period is planned to be five years. The construction of two terminals with dual runways will officially start next month, with a planned investment of 70 billion Hong Kong dollars.
We will simultaneously build the subway lines from the new airport to Tsuen Wan and from the new airport to Kowloon. In addition, the subway lines from Tsuen Wan to Tin Shui new urban area and from Central to Tseung Kwan O new urban area via Eastern District will also enter the comprehensive construction stage next month, with a construction period of three years.
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The construction of Yuen Long University, Yuen Long Polytechnic University, Heung Kong Conservatory of Music, and Heung Kong Academy of Fine Arts planned by our government will also be accelerated, and it is expected that the first batch of students will be officially welcomed in the next year.
Our Lingnan University expansion will also be launched to ensure that it can welcome its first batch of college students in September next year.
In addition, our government has also planned a subway line from Tseung Kwan O New Urban Area to Fen Shui New Urban Area via Tai Po, and a subway line from Tian Shui New Urban Area to Feng Shui New Urban Area.
In a few years, there will be no remote places in Hong Kong. Whether it is Yuen Long or North District, whether it is Sai Kung or Tuen Mun, we can all reach the central city within one hour."
The people present knew very well that the purpose of Xosos's words was nothing more than to build momentum for the next auction and push up the price of the auction.
Although all parties knew about it, due to the relationship between the parties, they could only benefit the Bryan government. In the past, all parties could not unite as one, let alone now, no party is willing to give up the two lands to the other.
Next, all parties can only speak based on their strength. It is simply impossible to pick up the leaks. The further you go, the higher the transaction price will be.