Hong Kong 1980: The Savage Era

Chapter 107 [Basement Property]

There is some truth in Chen Zhilong's suggestion. Scattered properties are certainly not as good as the On Le Yuan Building in the core business district of Central. Concentrated properties can also reduce expenditures on management costs. Such high-quality properties will inevitably lead to an increase in the company's stock price. The most important thing is that Luo Qihong is confident that he can earn 2 million yuan for Zhao An Real Estate.

Once the acquisition of Hong Kong Electric Company is completed, Siu On Real Estate can earn 4 million yuan, and the sale of its properties can roughly recover 2 million yuan of funds, thus raising 9 million yuan of funds.

Even if the entire loan of 4 million for the Deer Island Building in Wan Chai is repaid, there will still be 5 million left, which is enough to pay the down payment for the On Le Yuan Building.

"Okay! Director Chen, you will be responsible for contacting the owner of An Le Yuan Building, and we will immediately acquire An Le Yuan Building." Luo Qihong then said, "Once the agreement is signed, you can arrange the sale of other properties under your company except for the Lu Dao Building in Wan Chai."

"Yes, boss!" Chen Zhilong said happily.

Luo Qihong thought about it and decided to give Chen Zhilong a warning. He said, "Director Chen, I remember that you used to work for Director Zhao (Zhao Qicheng). It doesn't matter. As long as you work for me seriously and loyally, I will not treat you unfairly."

"But before you can be reused, you need to show your loyalty. I think this matter is an opportunity for both you and me. Help the company take over the Anleyuan Building at the lowest possible cost. Do you understand?"

"Boss, don't worry!" Chen Zhilong said sincerely, "I will definitely take down Anleyuan Building for the company!"

Chen Zhilong glanced at Luo Qihong and continued to express his loyalty, saying, "Director Zhao and Huang Bingzhong have been fighting in the company for many years, and both have been at a disadvantage. I have advised Director Zhao many times to spend a lot of money to acquire the company, but was rejected. Boss, you can defeat the original Huang Bingzhong and Director Zhao and control the company. I also want to be reused and climb up."

Luo Qihong could only believe half of what Chen Zhilong said. No matter what, even if he told the truth, he didn't dare to trust Chen Zhilong completely.

"Director Chen, I particularly like loyal and capable employees. I know how you perform, and I hope we can continue to cooperate." Luo Qihong had a gentle smile on his face.

Chen Zhilong has been immersed in the workplace and business world for many years. He knows that what Luo Qihong said is just empty talk, but he still feels that he has great hope. First, he believes in himself, and second, Luo Qihong has very few people he can use, so when will he invest if not now?

Chen Zhilong left the office in high spirits, but Luo Qihong fell into deep thought. Opportunities and crises always coexist at any time. If Zhaoan Real Estate Company could operate smoothly and use the existing rent to acquire properties and strengthen its strength, there would naturally be no crisis.

But this speed is too slow, completely wasting the identity of "prophet".

In his previous life, Liu Luanxiong was able to thrive in Hong Kong with a Chinese Estates Company and two Central buildings. Luo Qihong certainly wanted to use this "experience" to accumulate more original capital for himself.

Caroline Court, Tsim Sha Tsui

What Luo Qihong didn't expect was that Yang Mingkun was so aware of the current situation that he actually put down all the work in his hands and gathered the manpower and resources of the two engineering teams to work on the mall project, intending to help him complete the renovation project of the mall as soon as possible.

"Mr. Yang, you are so righteous." Luo Qihong said with a bright smile. Although he was the boss of Fengtu Construction Company, it was agreed at the beginning that he could not interfere with the project, so it was impossible for him to mobilize the construction team.

Yang Mingkun smiled and said, "There is no rush for other business, so transfer all the people here to help you, Luo Sheng, finish the project first."

Yang Mingkun hesitated for a moment, but still said, "Dehe Real Estate Company has stopped accepting business. With so many companies under Luosheng, can you introduce more business to Fengtu Construction?"

It turns out he had a purpose. No wonder the upright Yang Mingkun was so trying to please him.

Luo Qihong had no ill feelings towards straightforward people, especially people like Yang Mingkun who were capable and not good at flattery, so he smiled and said, "Of course, my Zhaoan Real Estate Company is planning to renovate, remodel, and sell old shopping malls at high prices. Mr. Yang can come to my office to talk some other day."

"Okay, thank you Luo Sheng!" Yang Mingkun said.

"How many days will it take to complete the shopping mall?" Luo Qihong looked at the workers who were still working hard to complete the project. It was a mess and noisy inside, so he didn't plan to go in.

"About two or three days." Yang Mingkun replied.

Luo Qihong thought for a while and felt that he could start looking for a buyer to take over. As for the price, the asking price should be the same as the new shopping mall in Tsim Sha Tsui East, and the other buyer should lower the price. "Is there any news about the matter I asked Mr. Yang to do last time?" Luo Qihong asked with a faint smile. The matter was naturally to inquire about the sale of the old shopping mall near Tsim Sha Tsui.

Yang Mingkun hesitated for a moment and replied, "Yes, there is, but it's a basement. I wonder if it can be used as a shopping mall?"

Luo Qihong nodded. "Where is the exact location?"

"The basement of Huahai Plaza, No. 80 Shanghai Street, Jordan!" Yang Mingkun thought for a moment and said, "The location is quite popular, but not many people are willing to go down to the basement."

"What about the price? Is it much cheaper?" Luo Qihong thought that since the price was low, he might as well give it a try.

Yang Mingkun shook his head. "I heard that the owner was only willing to sell it at 8% of the normal market price, but the highest price offered by the buyer was 65% of the market price, so it has not been sold yet."

Today's Tsim Sha Tsui is not as crowded as it was in the 20th century. Merchants still have a lot of choices. Many real estate developers are demolishing old buildings and building new ones, and the trend of merging buildings is becoming more and more popular.

"Well! Then I'll go and take a look." Luo Qihong wanted to go for an on-site inspection so that he could decide whether to take over.

After watching Luo Qihong leave, Yang Mingkun returned to his job. He certainly hoped that Luo Qihong could take over the basement on Shanghai Street so that they could take over the renovation project, but he was also afraid that Luo Qihong would lose money on this project, which would affect his future project acceptance.

Jordan Shanghai Street is not far from Harbour City. It is the core area of ​​Yau Tsim Mong District and a place where every inch of land is worth a lot of money.

Luo Qihong believes that as long as the problem of popularity is solved, this basement can make a lot of money.

Arriving in Jordan, Luo Qihong discovered that this location had a busy flow of people, many shops, and fierce competition. No wonder basements were unpopular. It was not easy to run shops on the ground, let alone things "buried underground."

While Luo Qihong was thinking, he caught a glimpse of the space above the basement, and an idea immediately popped up in his mind. Perhaps he could rent a large advertising space there to satisfy the need to "increase his fame."

The basement and advertising space can be sold together, which can not only make more money but also make the sale of the basement smoother.

So Luo Qihong immediately went to find the shopping mall management office and asked them to help contact the owner.

An ice house on Shanghai Street in Jordan

Above the basement is a restaurant that serves food and beverage. It covers an area of ​​more than 8 square feet and can accommodate dozens of people for dining.

The owner is a young man about the same age as Luo Qihong, and seems to have just graduated from college.

"Mr. Luo, are you the boss of the Paramount Restaurant Company and Zhaoan Real Estate Company? I think you look a lot like the Luo Qihong in the newspaper." The young man in shorts and slippers asked excitedly, staring at Luo Qihong.

Luo Qihong felt that the young man in front of him was a spirited young man, but for the sake of the advertising space, he nodded and said, "If nothing unexpected happens, it should be me."

"Mr. Li (Li Jiafeng), I would like to rent an advertising space by the window of your restaurant near the basement entrance. The area is about 3 square feet. I am willing to sign a 5-year contract with you at 3 yuan per square foot, with monthly rent. Excuse me, can you make the decision?" Luo Qihong asked with a smile.

Such young people should be the second generation of rich people. They are usually under pressure from their parents and may not be able to make decisions.

"Of course I can make the decision. We can go sign the contract later." Li Jiafeng suddenly changed the subject, "But I have a small request."

Luo Qihong frowned and asked in confusion, "What request?"

(End of this chapter)