Chapter 457 459 [Little Thoughts]

The two have collaborated on many projects, the most famous of which is China Hong Kong City in Tsim Sha Tsui, a building complex with a market value of tens of billions.

“Haha!! Of course, I believe that our strong combination can defeat many opponents. In fact, Zhaoan Real Estate Company has many projects in progress and the funds are not sufficient. Mr. Huang came at the right time, otherwise I would also come to find you.” Luo Qihong said with a smile.

Huang Tingfang knew that this was just a polite remark. How could Zhaoan Real Estate Company lack cash flow? Even if it did, it could cooperate with Luo Qihong’s family to make up for the funding shortage.

Huang Tingfang was very happy. “That’s great. This way we can save at least 20% of the cost, which is equivalent to earning 20% ​​more. It’s very cost-effective.”

The Luo Qihong family is too powerful. In Hong Kong, only the Li Jiacheng family can be compared with them. However, the Luo Qihong family’s ability to raise funds is not comparable to that of the Li Jiacheng family. Huang Tingfang certainly does not want to be an opponent of such a family.

The two parties quickly finalized a general cooperation plan and even discussed the sales aspect.

“Mr. Huang, my family has been doing business in Singapore for many years, and your family has deep roots in Singapore. Is there any chance for us to work together?” Luo Qihong smiled slightly.

After this Middle East war is over, Luo Qihong will prepare to launch a large-scale expansion into places like Singapore, Europe, America, and Australia.

Singapore, America, and Australia all have some foundations, but the foundation in Europe is very shallow, with only trade business.

“No problem. It will be very beneficial for us if Luo Sheng is willing to cooperate with us.” Huang Tingfang complimented.

Wednesday, May 9

The Hong Kong government’s official land auction was held as scheduled. Although there were four large official land plots in this auction, a number of real estate developers changed their faces when they learned that the Siu On Group and the Sun Hung Kai Properties had joined forces. The joining forces of the two major groups would leave them no way to survive.

In fact, Luo Qihong only agreed to bid for the Sham Shui Po land with Sino Group, and he did not plan to participate in the bidding for the other three plots of land. Firstly, it was not excessive and left some opportunities for other companies. Secondly, the funds of Siu On Real Estate Company were used for other purposes. In addition, the company had a reserve of land area of ​​up to 3 million square feet and a large number of land exchange rights certificates.

Chen Zhilong and Huang Tingfang sat together and said with a smile, “Mr. Huang, our target today is the land in Sham Shui Po. If you have other plans, please bid separately.”

In recent years, Zhaoan Real Estate Company has reduced its bidding at government land auctions and has basically been developing land through cooperation with other companies, exchanging land rights certificates, acquiring old buildings, and other means.

With its focus on residential development projects, Siu On Real Estate Company owns a large number of properties in Central, Wan Chai, Tsim Sha Tsui and Causeway Bay, and no longer needs to continue acquiring other commercial properties.

Huang Tingfang responded, “Many colleagues are optimistic about this auction. I plan to bid randomly to see if I can get it at a low price.”

Huang Tingfang’s meaning was very clear. He would not be determined to acquire other pieces of land. He just wanted to pick up bargains.

Not far away, the chairman of the Wharf Group, Wu Guangzheng, looked very unhappy. He originally wanted to win over the Sino Group to jointly bid for the Yau Yat Tsuen land in Sham Shui Po, but ended up that Huang Tingfang and his son went to cooperate with Luo Qihong.

Wu Guangzheng is a very ambitious person. He has always hoped to defeat Luo Qihong once and restore the reputation of the Wharf Group in Hong Kong. However, the Wharf Group is currently building Times Square in Causeway Bay and rebuilding Harbour City, and has no extra funds to develop other projects.

At the same time, he also wanted to acquire 40% of the shares of Modern Container Terminals held by Zhao An Group to complete his control over Modern Container Terminals. After all, Luo Qihong was watching him covetously, which made him unable to sleep or eat.

Soon, the auction begins.

The Yau Yat Tsuen site is the best of the four government sites and is naturally placed last.

Therefore, many real estate developers focused their attention on the first three plots of land, and the prices were naturally pushed up.

Finally, the three plots of land were won by Wharf Holdings, Sun Hung Kai Properties and Cheung Kong Holdings. The area of ​​these three plots of land is more than 3 square feet, and the profits are very substantial. Sham Shui Po is an old district with a dense population, and the infrastructure is very good. In addition, there are many old buildings, and the possibility of demolition and reconstruction is very small, so the residential buildings developed from these plots of land will become hot-selling products.

Chen Zhilong has followed Luo Qihong for many years and learned a lot from him. He is very clear about the key to auctions and his peers cannot guess what his reserve price is.

Finally, the land of Another Village was bought by Chen Zhilong for HK$7 million.

“Adding construction costs and interest, the average floor cost will not exceed HK$1500, and we can still make at least HK$1000 per square foot.” Huang Zhixiang was typing away at a calculator.

“Mr. Huang is right, but I think we can earn more. It’s 90 now, and we can’t move in until at least 92. I don’t know how high the house prices will be by then.” Chen Zhilong said with a faint smile.

Huang Tingfang glanced at Chen Zhilong deeply. Luo Qihong had a very good grasp of the timing, but he didn’t expect that his subordinates had also learned it.

“If all the units can be sold out in 95, there will be about 2000 residential units. It should not be a problem to make NT$20 billion, and the net profit can be NT$15 billion.”

Chen Zhilong echoed, “Mr. Huang is right.”

At the beginning, Federal Realty Company spent more than 1 billion to acquire two properties in Causeway Bay from Hong Kong Land Development. Among them, the one that made Luo Qihong most satisfied was the World Trade Center.

This commercial building is located next to Victoria Harbour. As Causeway Bay develops into one of the world’s three largest retail centers, the World Trade Center will unleash its potential and bring at least 3 to 4 million yuan in rent each year to Federal Realty.

At the same time, the value of this building will increase significantly every year. By this calculation, the annual profit will exceed 5 million Hong Kong dollars.

With such huge profits, Luo Qihong even considered transforming the Yidong Hotel into a shopping mall. However, when he thought about the good hotel industry in Hong Kong and the fact that the transformation would require a large amount of money and time, it seemed that the cost outweighed the gain.

“It would be great if this building was mine.” Guan Jiahui hugged Luo Qihong’s arm, looked up at Luo Qihong and said coquettishly.

Luo Qihong understood what Guan Jiahui meant and said with a smile, “This is the property of the family company. You are too bold to take this piece of fat meat. Be careful that Ah Yan will cause trouble for you.”

“Hmph! She won’t cause trouble for me. It’s just that you don’t want to.” Guan Jiahui directly exposed Luo Qihong’s lie. She was not so afraid of Luo Qihong getting angry now because she had a son and a daughter.

As long as you don’t make major mistakes, everything else is irrelevant.

“You can acquire other properties in Causeway Bay. There is no need to take the World Trade Center. If you take it away, where can I find a replacement?” Luo Qihong explained seriously.

“What if I want the Grandview Center?” Guan Jiahui asked with a pout.

Luo Qihong said, “The World Trade Center is a smokescreen. What you really want is the Galan Center, right?!”

“Hehe!! Just tell me whether you will give it to me or not?” Guan Jiahui continued to act coquettishly.

Luo Qihong thought for a moment, “Part of the rights and interests of the Grand Orchard Center Building are still in the hands of Hysan Development Company. It will be very troublesome for your company to take away most of the rights and interests. You can’t deal with the Li family. After I have negotiated with the Li family and can acquire the remaining rights and interests, I will transfer them to you.”

Guan Jiahui has been involved in business management for several years. She understands some of the unspoken rules of the mall and is also aware of her own strengths, so she nodded and said, “Okay, but you have to find me a replacement.”

“Then I’ll ask someone to help you find one. Don’t buy the entire property in Causeway Bay in the future. There are not many properties here, and the impact caused will not be small.” Luo Qihong said.

(End of this chapter)