Hong Kong 1980: The Savage Era

Chapter 124 [Scale Expansion]

(It will be on the shelves tomorrow morning, and one chapter will be sent out at 12: am. I hope you will support me. This is also the author's motivation to continue writing. Thank you!!)

In the end, the land was bought by a small company for 2 million yuan, a premium of about 1%, which was a relatively moderate price.

Two hours later, the auction entered its most important stage, the auction of two plots of land in Tsim Sha Tsui East, namely No. 67 Mody Road and No. 77 Mody Road.

Although neither of these two plots of land is near the sea, their areas are not small, both exceeding 4 square feet. For example, the area of ​​plot No. 67 is 4.1 square feet.

"The starting price of the land at No. 67 Mody Road is 9 million yuan, and each increase in price must not be less than 20 yuan."

"Bang!" The gavel fell, the auctioneer glanced around, and shouted, "Bidding begins!"

Although Luo Qihong was mentally prepared, he couldn't help but be a little surprised. A piece of land was actually worth almost the same as the market value of a small real estate company. Moreover, No. 67 Modi Road was not near the sea. If it was near the sea, it would be worth over million in a matter of minutes.

The bidding began, and Chinachem Real Estate Company was the first to bid, offering a price of 9 million yuan.

This has attracted the attention of many real estate developers. Chinachem Property Company is notoriously stingy in Hong Kong and has been developing in the New Territories. Its target customers have always been middle and low-income citizens. Why would it spend a huge price to auction the land in Tsim Sha Tsui East today?

Luo Qihong was also a little confused. Did Chinachem Real Estate Company suddenly wake up? Did it want to work hard and become a famous real estate consortium in Hong Kong?
This possibility is the smallest, unless Chinachem Real Estate Company changes its owner.

In the end, the land was bought by a local medium-sized real estate company at a bid of 1 million yuan.

Seeing that the market was so good, the auctioneer quickly put the land at No. 77 Mody Road on the market, with the starting price as high as 1 million yuan.

Chinachem Real Estate Company began to invest heavily and raised the bid to 1 million yuan in the first bidding, which made many real estate developers gasp. Many people realized that Chinachem Real Estate Company was determined to win this piece of land.

Of course, there are also real estate developers who don't believe in it and directly bid '1 million yuan', which is a 2% premium.

Chinachem Property Development Co., Ltd. continued to follow suit, but the intensity was greatly reduced, with a bid of 1 million yuan.

Luo Qihong smiled and murmured, "I thought Chinachem Real Estate Company had changed its character, but it turns out it's still the same auction routine."

This auction has broadened Luo Qihong's horizons. He has learned that auctions are not always won by tricks. It is true that auctions require skills, but if you come across good land, tricks don't seem to be so effective. It is more of a test of the bidders' confidence and financial resources.

The land at No. 77 Mody Road was bought by Chinachem Property Development Co., Ltd. for HK$1 million.

According to the volume ratio, this piece of land can be used to build a commercial building with a floor area of ​​38 square feet. The building height must not exceed 52 meters, which means that only a 16-story commercial building can be built.

Luo Qihong did not stay at the auction venue for long, nor did he shamelessly get to know some colleagues. Instead, he drove directly to a restaurant in Tsim Sha Tsui.

As soon as Li Jiafeng in the box saw Luo Qihong, he immediately came forward with a smile on his face, "Boss, you are here. Is the official land auction fun?"

Luo Qihong laughed and said, "Auctions are not places for fun. I went there to see how my peers bid for the auction of government land."

"How was the harvest?" Li Jiafeng scratched his head and said embarrassedly.

"The harvest is okay, but the land is too expensive, tens of millions at most, plus the construction costs will probably be tens of millions more. Paramount Company can't afford it for the time being." Luo Qihong smiled gently.

"Indeed, the land is too expensive, especially the government land." Li Jiafeng felt the same way. He stopped lying down and, following Luo Qihong's suggestion, began to learn all kinds of real estate knowledge. He also had some insights into the current Hong Kong market.

"Is there any news about the old commercial building in the urban area of ​​Kowloon?" Luo Qihong asked as he sat down.

Li Jiafeng sat down next to Luo Qihong, then took the briefcase and pulled out a stack of information from it, "This is the information of three shopping malls and a medium-sized commercial building. The commercial building is similar to the Lifa Building, just a bit older, but the area is still acceptable." The Jiadu Building in the information is an old building built in 52, covering an area of ​​2.2 square feet, but the area of ​​each floor is only half of the floor area, about 1 square feet. It is 13 stories high and has a floor area of ​​14.7 square feet.

What made Luo Qihong hesitate was that the geographical location of Jiadu Building was not good. Although it was between Sham Shui Po and Prince Edward, the business district next to it was not very developed and there was some gap between it and Lifa Building. He was worried that it would be a trap if he acted rashly.

In the future, the location of Jiadu Building will naturally be good, but it is still a bit useless at present. Luo Qihong does not dare to make a decision easily whether it can be sold at a high price.

Those three shopping malls are good things. They are all near Sai Yee Street in Mong Kok, with many residential buildings next to them and a population of at least 3 to 4. Of course, there are many competitors and shopping malls.

But this is not Luo Qihong's business. As long as the business district here is prosperous, it will be a good project to sell the shopping mall after renovation.

"Contact the owner of the mall first and put the matter of Jiadu Building aside. I want to investigate the situation around Jiadu Building. If it doesn't work, I'm worried that no one will take over." Luo Qihong said in a deep voice.

Glancing at Li Jiafeng, Luo Qihong continued, "If you have funds, you can invest in the shopping mall project. How about 3%?"

Li Jiafeng was stunned when he heard this and said, "You really want to give me 3%? That's hundreds of thousands of profits."

Luo Qihong smiled and said, "You need to be able to get so much money. I don't allow credit here."

If Li Jiafeng wants to invest in all three shopping malls, he will need nearly 3 million in cash. Luo Qihong doesn't think Li Jiafeng has so much money.

Hearing this, Li Jiafeng's expression froze. Where would he find 2 million yuan?
"Go home and discuss it yourself. Try not to mention what the project is, but you can say you are cooperating with me." Luo Qihong waved his hand and warned.

Li Jiafeng nodded, saying that he would go home to seek support, and then changed the subject, "Then I will invite the three owners to discuss cooperation. When do you think it will be a good time?"

"The day after tomorrow. I have something to do tomorrow and don't have any free time." Luo Qihong said.

"Okay, then I'll try to arrange an appointment with them the day after tomorrow."

Mid-levels Ulsan Garden mansion at night
There were 5 dishes and 1 soup on the dining table. The soup was very light, it was loofah stewed with lean meat, which had the effect of reducing heat.

Luo Qihong did not eat directly, but first served a bowl of soup.

"I have acquired Shenzhen Bao Printing Company. I spent 79 yuan in cash, half of which was loans, and 20 yuan was misappropriated from customers' deposits," Luo Qixing reported.

Luo Qihong had forgotten about this matter. He was really overwhelmed recently and had no time to take care of the printing company's affairs. Unexpectedly, Luo Qixing had already completed everything. He agreed with the loan plan, but there were some problems with the misappropriation of customer deposits.

But it’s not a big problem, just 20 yuan, Luo Qihong can solve it with a wave of his hand, but this is a bad habit.

In the future, when Sheng Yun Printing Company has grown to a certain scale, this habit will lead to disaster. If it is a listed company, the chances of being sued will be very high, and if it is not handled properly, you will have to go to Stanley Prison.

So, Luo Qihong put down his bowl and chopsticks, walked into the room, took out a check and gave it to Luo Qixing, saying, "Here is 20 yuan. Make up for the misappropriated funds first, and don't misappropriate the company's funds again in the future."

Luo Qixing didn't quite understand what Luo Qihong meant, and Luo Zegui and Lin Ya didn't understand either.

Seeing this, Luo Qihong could only explain the matter again.

"Ah Hong is right. Shengyun Printing is ours now. If there is any misappropriation, it is fine. We can discuss it easily. But if there are other shareholders, they may have an excuse to cause trouble." Lin Ya echoed.

"Well! I will not embezzle customers' deposits again in the future." Luo Qixing also agreed with this advice.

(End of this chapter)