The birth of the Hong Kong Island family
Chapter 275 [An unresolved case]
Early August.
In the conference room of Cheung Kong Industries, Lin Zhichao was studying the price of the Anderson Daya quarry mining rights with Huang Changhong, Zhou Fuzhao, Hu Zhaoxu, and the head of the quarry company An Ziyi.
In the technical field, Cheung Kong Holdings has been in the quarry business for six years. It is also the first company in Hong Kong to adopt mechanized mining, and it is currently the leader of Hong Kong quarry companies. Therefore, in terms of technology, the qualifications are definitely not bad, and there have been serious efforts recently. Working on technical tender documents.
In fact, what this kind of bidding ultimately depends on is price!
Even if it is technically inferior, the Hong Kong government will put forward various regulations in the future, and just follow the Hong Kong government's requirements.
"Now that Hong Kong's real estate industry is so booming, many companies are interested in bidding, and even foreign banks such as Jardine Matheson have expressed interest. So if you want to secure the mining rights, at least a price of 158 million is relatively stable." Huang Changhong suggested.
If paid for 20 years, it is equivalent to an annual franchise fee of 8 million Hong Kong dollars, which may not seem high, but there will be competition from many small stone mines at the beginning, and if there is a real estate crisis, the Hong Kong government will not discount or let you overdue.
But Lin Zhichao understood that small quarries would have to close down if they did not survive until the 1970s; although there was a real estate crisis, it was only short-lived.
Even if it was in the payback period in the 1960s, by the 1970s, it was probably making tens of millions of Hong Kong dollars in profits every year.
Lin Zhichao took the bid document and began to write the price on it and sign his name.
"Okay, seal the bid and submit it to the Hong Kong government!"
What he wrote was HK$162 million. There was not much hesitation about this.
Even if the investment fails, it is not a waterloo. After all, stone mining is just a sideline business. The value of the Anderson Daya Stone Mine is at most 200-300 million Hong Kong dollars, and it was only in the late 1970s, so it is not worth the higher price.
An Ziyi carefully sealed the bid document and went to bid.
He didn't have the nerve to look at the bid price, but he was very eager for Yangtze River Industrial to invest, because in this way, he would be able to rise with the tide, become the general manager of a large subsidiary, and do even greater business.
"If this bid is won, we will prepare to register the 'Anderson Daya Stone Mine' enterprise, and prepare a loan of 20 million Hong Kong dollars to inject this enterprise as start-up capital."
When I entered the quarry business, I almost earned more than 10 million Hong Kong dollars, but almost all of it was used for real estate development. Therefore, if he wins the bid for Anderson Daya, Lin Zhichao plans to borrow all the money, leaving nothing to chance.
Cheung Kong Holdings has assets of 300 to 400 million Hong Kong dollars, and its actual liabilities are almost zero, so loans are not a problem.
After the company is listed in the future, the loan can be used rationally; currently, the Yangtze River Industrial Group is, to put it bluntly, Lin Zhichao's private property, and interest must be paid on the loan. What a waste.
After the company is listed, it is the correct way to use fund-raising and loans to purchase some land assets in Lin Zhichao's personal hands.
Huang Changhong said: "20 million Hong Kong dollars should only be enough for start-up capital. Subsequent funds will be needed, and the first year's mining fee needs to be paid before mining. The total operation will probably require about 40 million Hong Kong dollars. And the initial mining volume , may not achieve break-even."
Lin Zhichao said: "Then continue to lend, the bank will lend!"
It's a normal thing, don't try to make money in the 1960s.
In his previous life, Lui Zhihe almost encountered a financial crisis in 1967. Fortunately, the equipment manufacturer and the bank did not press for debts.
Lin Zhichao did not want to take out the money because he felt that the Anderson Daya Stone Mine would be profitable in the late 1960s. Before being packaged and listed, it was already a high-quality asset.
Afterwards, the four people continued the meeting in the conference room.
Hu Zhaoxu said: "Boss, I am planning to sell two properties on Paterson Street in the middle of this month, with a total of 412 residential units. Many customers have asked us about the sales date. I am afraid that if we wait any longer, they will lose their patience. Moreover, Jin Over at Xing Real Estate, I heard that sales have picked up recently."
Lin Zhichao asked: "At what price do you plan to sell it?"
Hu Zhaoxu said: "With 45.98 Hong Kong dollars per square foot, the property market and stock market have risen recently. This price is very tempting. If there is a lottery, no one will choose Jinxing Real Estate's properties."
In terms of location, Changjiang Real Estate's location is better; in terms of reputation, Yangtze River Real Estate's reputation is better; in terms of development, Yangtze River Real Estate develops business districts, with department stores and shopping malls on a nearby street.
Now in terms of price promotions, Yangtze Real Estate is also better. There is no need to say how to choose.
But now it has increased by 3 yuan per square foot, which shows that the price of this area is rising and it is more attractive.
However, Lin Zhichao didn't think so. He said decisively: "Just sell it at HK$43.98 per square foot, just increase it by one dollar! Since you want to hold activities, you must be sincere! The remaining two properties will be sold until November. It’s 45.98 Hong Kong dollars per square foot, but it’s sold out anyway.”
Hu Zhaoxu said without hesitation: "Okay, I'll arrange it right away!" He also understood the boss's methods, which was to be ruthless.
In Lin Zhichao's view, as long as Jinxing Real Estate's real estate project is delayed until next year, it is already a success.
After all, if a project with an investment of 40 million yuan is delayed for one year, it will be a huge loss.
And next year, land prices will also rise.
Only Lin Zhichao also suffered some losses, so there is no need to calculate it. You must know that the land he purchased was less than 20 Hong Kong dollars per square foot. The unit price purchased by the Zhang Yuliang family is more than 120 Hong Kong dollars per square foot. When the land cost is converted into the floor, it is 10 yuan per square foot more expensive than Changjiang Real Estate (the unit price of the floor is about 48).
If you have friends to buy the land, of course you can sell it cheaper!
Just like in the previous life, the Li family's house was always suddenly discounted by 30% (19952023), shocking the entire real estate industry. The Li family is not a real estate family. Of course, they can sell at low prices and earn less, which is better than losing money in their hands.
Two days later.
A conference room in the Hong Kong Government.
The seats were filled with representatives of the bidding companies participating in the bid for the Anderson Daya Stone Mining Rights. Huang Changhong and An Ziyi, representatives of Yangtze River Industries, were not very nervous.
The reason is simple. The price is written by the boss. Although they are eager to win the bid, at least they are not very nervous. And the boss didn't want to be nervous. During the whole bidding period, the boss only spent a total of two hours on research.
Not far away, Lu Zhihe and his father Lu Jinquan were restless and very nervous.
"Zhihe, do you think our chances of winning the bid are high?" Lu Jinquan asked.
"Father, don't worry. Although there are many people participating in the bidding, they are not from this industry. Only Changjiang Real Estate has a quarry company, but their bosses have not come, and they definitely don't pay much attention to it. So our price should be very stable!" Lu Zhihe said comfortingly. But he was not calm in his heart. On the contrary, he was very excited.
He finally persuaded his father and others to form a partnership, so that he could bid with strength. Now it's time to reveal the answer. Anderson Daya is related to his career. If he doesn't hit the mark, he will feel like he has no goal.
Lu Jinquan looked at his son and immediately understood his condition. Instead, he consoled him: "When you went to Japan to resell war surplus supplies, you were one step ahead of others, and you were almost disqualified. Now it happens again. Nothing is absolute. If Even if you fail, don’t back down. If this career doesn’t work, just change it.”
Lu Zhihe's heart suddenly dropped, as if he had heard a bad prophecy, and he could only nod numbly.
After a while, the Hong Kong government representative walked to the podium with an envelope in his hand.
"Hello everyone, welcome to the unveiling meeting of Anderson Daya Mining Rights. After our review, the mining rights of Anderson Daya Stone Mine were handed over to Yangtze River Industries with the highest bid. Congratulations!"
Huang Changhong and An Ziyi stood up happily and quickly thanked them.
Lu Zhihe was immediately disappointed and his eyes were dull!
When it came to the question and answer session, naturally someone asked how much the bid was!
When they heard 162 million, many people were amazed, but Lui Zhihe was very regretful because the bid he gave was 161 million, which was only 1 million Hong Kong dollars short.
This 1 million Hong Kong dollars is converted into 20 years, which is equivalent to an extra payment of 50,000 Hong Kong dollars per year.
For a moment, he sighed.
"Let's go back and think about what to do next!"
"oh"
The next day.
Lin Zhichao came to the Hong Kong government and signed the mining rights contract for the Anderson Daya Stone Mine. He suddenly felt that he had obtained hundreds of millions of assets.
Although quarry is not as profitable as cement, it is also an important raw material in the construction and infrastructure industries. The mining of the Anderson Daya Stone Mine took place over several decades. The assets of several hundred million were only estimated in the late 1970s, but were actually worth several billion.
Moreover, Yangtze River Industrial has been engaged in stone mining for six years and has mature management and technology in this industry. It seems logical to win this time.
As for robbing Lu Zhihe's property, Lin Zhichao didn't feel guilty at all. He hated people who opened casinos.
"Changjiang Real Estate did this on purpose!" Zhang Shouyi walked into Zhang Yuliang's office and said angrily.
It turns out that Yangtze Real Estate published house sales advertisements in major newspapers, but the official sale was not until half a month later; the advertisements took half a month, and during this period, people who wanted to buy a house had to queue up at the sales office on that day.
As a result, many people who want to buy Jinxing Real Estate properties (in the same location) will definitely give up in this half month. More importantly, with such a huge momentum, anyone who wants to buy a more expensive property would rather wait a few more months or go to other places to buy.
The site of Jinxing Real Estate on Patek Sun Street and Houcheng Street has a total of 1,500 residential units. Currently, only about 50 units are sold, which can be described as bleak sales.
The biggest reason is that the price of Yangtze Real Estate is 10% cheaper. Some people even say it is 20% cheaper, because the other 10% is the invisible advantages-location, quality, and business.
Zhang Yuliang was used to being targeted by big bosses, so he said calmly: "Let them bother, we will sell it next year, and the price may even rise!"
Zhang Shouyi was stunned for a moment, then said: "The general manager makes sense! Then why were you so anxious about sales some time ago?"
Zhang Yuliang said angrily: "This is called a blessing in disguise. At the moment when the horse was lost, weren't you sad? Hong Kong housing prices are still rising, so I am optimistic that the price will be higher next year. Maybe we can sell it for 55 Hong Kong dollars per square foot. Then the previous losses will be recovered."
Zhang Shouyi's eyes lit up and he said, "Fourth uncle is brilliant!"
What a brilliant P!
Zhang Yuliang didn't know, there was another indirect loss, that is, the project couldn't be sold, and he didn't have the funds to buy new land. Because although the assets of the Zhang family are nearly 100 million yuan, there is still a commercial building under construction (No. 9-10 Yongji Street), and some are rent-collecting properties.
The most important thing is that many banks have tightened their lending policies regarding the situation of Jinxing Real Estate. The reason is self-evident, it is worried that Lin Zhichao will attack Zhang Yuliang's family and that the loan will not be recovered. Only from the Houcheng Street project, many banks retreated in spite of the difficulties.
After his nephew left, Zhang Yuliang muttered, "After selling this real estate next year, we will buy a commercial building site and land for reconstruction."
Zhang Yuliang regretted offending Lin Zhichao twice, but he didn't think he had to be afraid. When they reached their status, at most it was commercial competition and means, and it was impossible to use some other means, after all, they were all a big family.
Therefore, since it was a commercial means, Zhang Yuliang felt that he would not lose to Lin Zhichao.
"This time, he was just relying on his wealth and power. In essence, he hurt the enemy eight hundred and himself one thousand."
Thinking of this, Zhang Yuliang quickly laughed.
Cheung Kong's publicity was half a month in advance, causing many potential buyers to come to Paterson Street to check in advance. The real estate of this project is almost halfway through, and the nine buildings are under construction almost at the same time, and the whole site is very large and magnificent.
A young couple immediately started a discussion after reading it.
"I heard that there will be department stores and shopping malls there, and they will be connected by overpasses. If you live here, shopping will be very convenient." The man said excitedly.
The woman was even more unbearable and said: "Husband, if you plan like this, this place will become a prosperous area in the future, and now it only costs 40,000 Hong Kong dollars for a set. You will make money if you buy it. The value will definitely appreciate quickly."
Hong Kong people are not fond of properties in remote areas. The more prosperous they are, the faster their value will appreciate. As for the shops downstairs, they consider them a convenience rather than an intrusion.
"Buy it, I must buy it, the down payment is 20,800, we can afford it!"
The woman nodded. Her husband is a corporate manager with an annual salary of nearly 10,000 Hong Kong dollars. He has saved more than 30,000 Hong Kong dollars over the years, which is enough to purchase a property. Even after buying a house, life is a little harder, but it's worth it.
"There seems to be a real estate over there. Why don't we go take a look and compare?" The woman pointed to the real estate under construction diagonally opposite.
"It's more expensive over there, and the location and quality aren't as good as here. What's there to see?" The man was obviously familiar with the situation here.
"Have a look and don't buy it, what are you afraid of!"
"Then go take a look, maybe others have also reduced their prices!"
The couple thought it was okay to take a look, so they walked towards Jinxing Real Estate's real estate. In fact, there were many people who had the same idea as them. They all came to check out the properties of Changjiang Real Estate in advance, and then went to the properties of Jinxing Real Estate to compare.
At this point, Changjiang Real Estate obviously expected it and was not worried at all. In the past half month, those customers who originally wanted to buy their properties turned to Jinxing Real Estate's properties.
That is impossible!
Buying a house is such a big deal, and when the advantages are obvious, I am willing to wait for two or three months, not to mention half a month.
The couple walked around the perimeter of Jinxing Real Estate. It was morning and the workers had not yet gone to work, so they prepared to go to the construction site to check.
But when the couple looked at a lucky house (an empty house is called a lucky house in Hong Kong, which means auspicious), they were immediately frightened out of their wits.
"Ghost!" the woman screamed.
The man was also trembling, and he quickly picked up his wife and backed away.
It turned out that the two of them suddenly saw a few white candles burning in the auspicious house, and they were immediately frightened out of their wits and became suspicious.
Hong Kong people are superstitious and think of the white candles at the funeral of the dead. How can an auspicious house be auspicious? It is also the house of the dead.
The two walked out of the construction site and saw other people, so they quickly informed each other. Immediately, more than ten people gathered and stepped into Jinxing Real Estate's building again. As expected, there were a few white candles burning in the auspicious house, which was very scary.
Soon, even reporters were attracted, and there were a lot of opinions.
The strange things that happened in Jinxing Real Estate's real estate were exaggerated by the media and spread all over Hong Kong and Kowloon.
Once this happens, it will scare a lot of home buyers.
Then Lenovo Jin Hing Real Estate's real estate sales were poor, and soon all kinds of gossip was flying in Hong Kong.
Zhang Yuliang rushed to the scene that day. When he learned that the media had come several times, he immediately cursed at his subordinates: "Didn't you call the police? Where are you at the scene? How can you destroy the scene? How can JC solve the case like this? Pigs, you are so stupid! Hurry up! Click restore and call the police to investigate!"
He didn't want to be photographed by reporters, so he quickly explained and left.
Several workers were immediately frightened. When they came to the construction site, they were already surrounded by some people and reporters. Of course, their first reaction was to clean up quickly.
Unexpectedly, now I am getting yelled at by someone I don’t know, who seems to be a real estate agent.
After the call was restored and the police were called, a wave of JC came and started investigating.
But how could there be any clues about such a thing? After JC inquired about it, he had no clue at all.
Naturally, nothing happened, and the media began to report it.
Of course, the biggest suspect in this kind of thing is the real estate developers. After all, their peers are jealous of each other.
Secondly, it may be an agent or other person instructed by the real estate developer.
Changjiang Real Estate opened two properties on Paterson Street for sale. Thousands of people came that morning. The road here was so crowded that it was reported by the media.
The price of 43.98 per square foot is definitely not expensive, it can even be said to be cheap.
Therefore, 90% of the more than 400 residences were sold out on the first day, setting a new record.
You know, in this era, there are still not many people speculating in real estate. Unlike Hong Kong in later generations, there were many real estate speculators, and a real estate project even required a fundraising document to be drawn. As long as you win the lottery, you can immediately resell it and make a huge profit.
At present, it takes many days to buy a building in Hong Kong, and some even take a month.
Seeing such a crazy scene, Zhang Shouyi returned to the company and reported it to his fourth uncle.
Zhang Yuliang couldn't help but said: "Lin Zhichao must have hired someone to do what happened last time. He just wanted to ruin our property!"
Zhang Shouyi said angrily: "General manager, how about we respond to them? They are not the only ones who can do this!"
Zhang Yuliang immediately said: "You are stupid! You did it and you didn't even need evidence to know it was us."
Zhang Shouyi blushed immediately, it was true.
This time, such a thing happened in Jinxing Real Estate’s real estate. Everyone just guessed that it was done by real estate businessmen or agency companies; of.
By then, JC will probably come looking for him, and the Zhang family's reputation will be ruined.
Zhang Yuliang sent his nephew away and paced back and forth in the office. Only now did he realize that compared to being sinister, he was not worthy of carrying Lin Zhichao's shoes.
When rumors about the Zhang family were spread, not only did no one doubt him, but everyone even blamed the Zhang family for selling fake medicines;
Some time ago when he spread the rumor about Lin Zhichao, many people directly guessed that it was Zhang Yuliang who did it. Even the people from the Wuyi Chamber of Commerce had this kind of voice, because Changjiang Properties lowered the price of the real estate building on Baidexin Street, which explained these problems;
Fortunately, there are white candles in Jinxing Real Estate's real estate, but no one is made by Lin Zhichao. The media doesn't care who made it, they just blindly play up the bad luck.
"Lin Zhichao!" Zhang Yuliang gritted his teeth and roared in a low voice.
The investment in this real estate occupies nearly half of the Zhang family's assets. Not to mention the sales this year, the sales next year are full of uncertain elements.
The other side.
Lin Zhichao listened to Hu Zhaoxu's report in the office, and immediately said with satisfaction: "Nearly 400 residential properties were sold in a day. This news can be published in the newspapers. This is the credit guarantee of our Changjiang Real Estate."
Hu Zhaoxu nodded and said, "I have already asked my friends in the media, and I believe it will be published in the newspaper tomorrow."
Lin Zhichao was very satisfied with Hu Zhaoxu's sales and public relations attitude, and immediately said: "Let's save the remaining two properties for sale in early December! By then the price will be HK$48.88 per square foot!"
Anyway, these are the last two properties (there are two other properties that are high-end apartments for rental purposes), so the price is naturally slightly lower than the market price.
"OK"
Afterwards, Hu Zhaoxu left.
To be honest, he was also curious as to who lit the white candles of Jinxing Real Estate. It doesn't look like a boss' style, on the contrary, it's a bit like someone planting the boss, and of course no one said it was the boss.
The reason is simple, because Changjiang Real Estate is already guaranteed to win, and there is no need to light a few candles. Secondly, the Hong Kong business community generally believes that Lin Zhichao is benevolent and is unlikely to do such a thing.
Of course, it doesn't matter who is involved in this kind of thing, and everyone doesn't seem to care, after all, there is no evidence at all.
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