Hong Kong 1980: The Savage Era

Chapter 418 420 [I can’t guess]

Tuesday, December 1989, 1

This auction attracted a large number of wealthy businessmen and famous journalists. The auction of the Wan Chai land king has become a major event in Hong Kong and will also seriously affect the development of Hong Kong's real estate market.

If this auction goes smoothly and the land is sold at a high price, especially the Wan Chai land king, those small real estate developers will definitely flock to the market and acquire a large amount of land and properties.

At that time, the local market would inevitably be pushed to its peak, so this auction became a weather vane.

It is difficult to truly push up Hong Kong's real estate market by relying solely on large real estate developers. The role of small real estate developers is particularly important, and the situation of these government land auctions has a huge impact on them.

When Luo Qihong appeared, a group of reporters surrounded him, took a lot of photos of him and put the microphone to his mouth.

The bodyguards couldn't stop him at all, and of course they didn't want to stop him, they were just pretending.

"Mr. Luo, may I ask whether Zhaoan Real Estate Company and your family are determined to acquire the Wan Chai land king?"

"There are many strong competitors in today's auction. I dare not be so arrogant. If I fail to win the bid, you will say that I have suffered a Waterloo." Luo Qihong joked with a smile, his face looking relaxed.

"So is Luo Sheng's only target the Wan Chai Land King? Are there any other targets?"

"Of course there is. If there is no alternative land and there is no harvest, it may cause volatility in the company's stock price." Luo Qihong said seriously.

"Can you tell me which targets they are?"

"Haha! Everyone will know after the auction is over. Sorry, I have to go in." Luo Qihong straightened his coat, nodded slightly, and then continued to walk forward under the protection of bodyguards.

On the way, he met Cheng Yutong, and he stopped to say hello, "Uncle Tong, since you have come in person, please go easy on me later."

"Haha!! You should show mercy. Others are cooperating with others in the auction, but you are the only one who wants to win the Wan Chai land king independently. How high a price do you think this piece of land will fetch?" Cheng Yutong said with a smile.

For him, the Wan Chai land king is not a must-win item.

New World Development Company has always seldom competed with others at auctions. It usually chooses to give in and bid for some not-so-bad plots of land.

"I'm afraid it will exceed 35 billion!" Luo Qihong said with a smile.

Cheng Yutong nodded in agreement.

If it was 35 billion, Cheng Yu-tung would not have followed suit because he already has a convention and exhibition center in Wan Chai.

"Ah Hong, everyone regards you as the biggest opponent. This auction will not be easy for you." Zheng Jiachun said jokingly.

Luo Qihong and Zheng Jiachun have had many dealings with each other, and Cheng Yutong often asked Zheng Jiachun and Luo Qihong to cooperate, so the two were already very familiar with each other.

"Haha!! I'm not afraid. No one will deliberately raise the price. Everyone hopes that this auction will go well and benefit Hong Kong." Luo Qihong said with a smile.

Luo Qihong chatted with Cheng Yutong and Cheng Jiachun for a few words and then left. There was not much time left before the auction started.

Luo Qihong's real rivals are Sino Land and Sun Hung Kai Properties. Huang Tingfang is a well-known real estate buddy, and with the help of Sun Hung Kai Properties, he must be very difficult to deal with.

"…This is the last plot of land, and also the finale of today's plot. It is located on the south side of Wan Chai Harbour Road, and covers an area of ​​7.78 square feet. OK, the bidding will start now. The starting price is 18 billion yuan, and each increase in price cannot be less than 1 million. Start."

The hammer dropped, and the sound was quite thrilling.

"19 billion!" Huang Tingfang was the first to bid, with the intention of taking the initiative.

More than a dozen powerful financial groups came today, including Japanese, Australian, American and Southeast Asian capital.

These people will not give face to Huang Tingfang because they just want to get this project and may not invest in other real estate projects.

At one time, those consortiums made bids one after another, and the situation became a mess. They all wanted to take over the Wan Chai land king and prepared a high budget.

The auction price quickly reached HK$29 billion, and many consortiums had already given up and turned to wait and see. This price had exceeded their estimates of the Hong Kong market, and they believed that they might face losses, which was not as optimistic as Huang Tingfang and Luo Qihong about the Hong Kong market.

Only then did Luo Qihong slowly raise his sign and bid, "30 billion!"

Of course Luo Qihong did not expect that this bid would scare off Huang Tingfang. He just wanted to speed up the auction process and not give Huang Tingfang too much time to think.

At the same time, he is testing the bottom line of Huang Tingfang's competitors, and then he will slowly increase the price.

On the other side, Huang Tingfang and Guo Bingxiang had heavy expressions on their faces. After making eye contact, they bid without any hesitation.

Guo Desheng has retreated behind the scenes and handed over Sun Hung Kai Properties to the three brothers Guo Bingxiang, which is more decisive than Cheng Yutong.

"30.1 billion!" Huang Tingfang raised the sign and couldn't help but glance at Luo Qihong.

"30.5 billion!" Luo Qihong reduced the price increase because Huang Tingfang was confused.

The bidding continued, and Huang Tingfang's side showed no intention of giving in.

"Mr. Huang, isn't 32 billion a bit high?" Guo Bingxiang asked thoughtfully.

Huang Tingfang handed the auction sign to his son Huang Zhixiang, "Help me keep up, each time it's higher than 10 million."

After receiving Huang Zhixiang's affirmative answer, Huang Tingfang said to Guo Bingxiang, "If Sun Hung Kai Properties wants to withdraw, I can agree. Sino Land Company is fully confident that it can support the development of this piece of land."

"Mr. Guo, you know that I have worked with Luo Qihong many times. He is a very smart person and has unique insights into real estate. He has never made a wrong judgment. Therefore, the land that Luo Qihong continues to bid for must be very profitable."

Guo Bingxiang was no ordinary person. His abilities were not much worse than his father's, so he soon realized that Huang Tingfang was telling the truth.

"Okay, since Mr. Huang dares to follow suit, my Sun Hung Kai Properties will not lose either. But I would like to ask, what is Mr. Huang's reserve price?" Guo Bingxiang asked in a deep voice.

"35 billion!" Huang Tingfang said.

Guo Bingxiang nodded and said nothing more.

Huang Tingfang took back the bidding card and increased the bidding range.

"34 million!"

Seeing this, Luo Qihong smiled and said, "Want to use me to get promoted?"

"35 million!"

He directly called out the price to the highest point, making Huang Tingfang unable to guess what Luo Qihong meant.

"35.1 billion!" Huang Tingfang gritted his teeth and followed up.

Guo Bingxiang, who was standing by, had a heavy expression on his face, but he did not say anything to stop Huang Tingfang. He knew that this was a critical moment and he could not be distracted.

"35.3 billion!" Luo Qihong smiled slightly in the direction of Huang Tingfang.

Huang Tingfang's breathing became heavier. He had no idea what Luo Qihong's bottom price was. Continuing to bid higher would likely lead to a backlog of funds, which would affect the company's future development.

So he put down the sign sadly and sighed, "We lost, Luo Qihong won."

"I wonder what his reserve price is?"

""

(End of this chapter)