Hong Kong 1980: The Savage Era

Chapter 67 [Impurity of Purpose] (Please collect)
Offending Cheung Kong Holdings?!
Luo Qihong was very confident about this. If this was considered an offense, then real estate developers would have no chance of making money. Moreover, if Li Jiacheng made a fuss about him, the people of Hong Kong would laugh at Li Jiacheng to death.

This would only serve as advertising for Paramount Company, and Luo Qihong wished Li Jiacheng would do this.

"This is a good idea. It looks like we are going to make a fortune." Lin Luoqi said happily. He didn't know how Luo Qihong had set his eyes on the Gongbei Bank Building, and he was going to make money from Cheung Kong Holdings.

Although Li Jiacheng is not as famous as in his previous life, the acquisition of Hutchison Whampoa, one of the four largest trading companies in Hong Kong, is enough to make him famous and the envy of the Chinese in Hong Kong.

Lin Luoqi naturally hopes to have such a status, but it is a bit far-fetched.

"Let's quickly mobilize funds and collect information. We have to act quickly." Luo Qihong was worried about a clash with Cheung Kong Holdings, and they certainly wouldn't be able to defeat Cheung Kong Holdings.

"Okay, Yiren Real Estate Company can probably come up with 5 million. How much can Dehe Real Estate and Paramount come up with?" Lin Luoqi asked.

Luo Qihong answered without hesitation, "Dehe Real Estate can come up with 8 million, and Paramount can also come up with about 8 million. In this case, we can use 2100 million yuan, which is probably only enough to buy a 2-story office in Gongbei Building."

"Then take out a loan and buy another floor, making a total of three floors of property." Lin Luoqi's face changed slightly, but he was extremely determined.

"Okay, then it'll be three floors." Luo Qihong was of course not afraid. At worst he wouldn't make any money.

The acquisition of the three-story office property in the Gongbei Building only has an area of ​​more than 3 square feet, and not much profit can be made.

Luo Qihong also had no choice. He couldn't use all the funds to acquire the Gongbei Bank Building property. Even if he could make 100% profit, it would be impossible because other investment projects could make more money or bring long-term benefits.

"There is another good news." Lin Luoqi smiled mysteriously. Seeing that Luo Qihong was not in the mood for fun, he said directly, "The Shatin property built by the Black Decker Real Estate Company, a joint venture between Cheung Kong Holdings, Sun Hung Kai Properties, New World Development and Henderson Lighting, is about to start selling. The first phase will launch 7 residential buildings with more than 1 residential units. Perhaps we can get a few units."

Hearing this, Luo Qihong paused for a moment. Shatin First City was very famous in its previous life. It made the shareholders of the Baide Real Estate Company rich. It took nearly 10 years to develop and was not completed until the late 80s. It not only allowed the Baide Real Estate Company to own 3 shopping centers and various shops, but also made a profit of tens of billions of yuan.

He remembers that the seven residential buildings that had just been launched would be sold out, and then there would be some reversals. After all, the supply was too large and unsales were inevitable.

"OK! How many residential units can you get?" Luo Qihong believed that he could grasp the rhythm, and even if there was a reversal, he would be able to profit from it.

"About 7 to 10," Lin Luoqi explained. "The real estate in Shatin is so popular that speculators of all sizes are eyeing those 7 residential buildings. If you can get a few units, you are already lucky."

"Should we pay 3% or 2% down payment?" Luo Qihong said, "We need to prepare the funds in advance."

"2% down payment, about 140 million." Lin Luoqi said seriously.

Luo Qihong nodded. "140 million yuan is not a big sum, but you can contact them. I have to hurry up and take action on the Gongbei Building. If it's too late, our losses will be huge."

"Okay! Let's act separately!" Lin Luoqi said without comment.

Luo Qihong miscalculated in the publicity of the Paramount Restaurant's stock market profits. Although he bought advertising space from newspapers with good sales such as Oriental Daily and Tiantian Daily, it did not have much effect on raising the Paramount's stock price, and only made the stock price rise by 1 cent.

Luo Qihong suspected that the 1 cent increase in stock price was normal and had nothing to do with the publicity, which meant that he lost tens of thousands of yuan in advertising fees.

However, Su Qishan, the manager of the information integration department, brought him good news, which was that the owner of the office building on the 6th floor of the Gongbei Building in Central wanted to sell it. "How is the competition?" Luo Qihong asked. Central properties have always been the best choice for real estate developers and speculators, and it is unlikely that no one will grab it.

Since 79 and 80, Li Jiacheng made a profit of 5 million yuan from speculating on the Federal Building and International Building in Central owned by Wheelock Group, and Chen Songqing made a profit of 6.8 million yuan from speculating on the Golden Gate Building. These incidents have occurred frequently, prompting powerful speculators to start speculating on entire floors and entire buildings in Central. The commercial buildings in Central have become a target pursued by many speculators and real estate developers, and the prices are naturally not low.

"The competition is fierce. I know that four companies have sent people to contact the owner. The highest offer is 4 million yuan. There is also news that the owner's ideal price is 920 million yuan." Su Qishan replied, his eyes fixed on the expression on Luo Qihong's face.

"Okay! Please help me make an appointment with the owner, and I will talk to him in person." Luo Qihong thought for a moment and continued, "Collect the information about Gongbei Building as soon as possible and submit it to me before we meet. Also, continue to pay attention to Gongbei Building. If there are other owners who want to sell, report to me immediately."

"Yes, boss!" Su Qishan suddenly changed his address, making Luo Qihong look at this guy deeply.

Luo Qihong didn't think much about Su Qishan's reaction, and quickly turned his attention to the Gongbei Bank Building. Perhaps he could make tens of millions in profit, so he had to be cautious and careful.

Although Gongbei Building is a small commercial building in Central, it has a superior geographical location and is located in the financial center of Central. The price changes almost every day, and a price of 1 million is not very expensive.

Those buyers who bid low may know that the owner is eager to sell and take the opportunity to lower the price in order to make more profit.

This is a common tactic used by speculators and real estate developers. Although it is an old-fashioned method, it is legitimate and effective.

Arriving at Dehe Real Estate Company, Luo Qihong handled some official business and suddenly frowned slightly.

The store partition business has encountered vicious competition. Some peers not only imitate but also reduce prices to compete. Although the price is reduced by one or two thousand yuan, once this kind of thing starts, it is difficult to stop. It will only lead to very thin profits and increased workload.

Dehe Real Estate Company has made a profit of more than 1 million from this business. Luo Qihong is considering whether he should start to gradually let go of this business. It is true that there is still some profit, but it will slowly decrease. Moreover, Dehe Real Estate Company has become much stronger, and it is not very important for a store to make a profit of or .

He also planned to focus the company's attention on the speculation of shopping malls. In fact, the signal of land adjustment would be sounded soon, the growth of shopping malls would be curbed, and the profits from speculation would begin to decline, so Luo Qihong planned to start speculation as soon as possible, making as much money as possible.

Not long after, a call came from Paramount Company. Cheng Jianshen, Luo Qihong's secretary at Paramount Company, asked, "Boss, your friend Miss Bai Jinyan called to ask if you are free for dinner tonight?"

Bai Jinyan!

Luo Qihong was slightly surprised. Since they had talked for a few minutes at Sun Hung Kai Securities, they had no other contact. Why did he invite him to dinner? Was it Xiao Yuanrang's "leaked news"? Bai Jinyan wanted to replace Xiao Yuanrang?

He thought that the parents of both parties were old friends and had arranged a blind date with each other, so it seemed difficult to refuse.

"Did you say which restaurant it was?" Luo Qihong asked.

The receiver echoed back, "It's the Happiness Restaurant in Wan Chai! The time is about 7 o'clock in the evening."

"Okay! Reply to her and I will be there on time." Luo Qihong said and hung up the phone.

This sudden invitation to dinner greatly reduced Luo Qihong's impression of Bai Jinyan. A woman who is only interested in profit is a bit timid, and a woman with certain abilities makes people even more timid.

(End of this chapter)