The rise of Hong Kong's wealthy families

The building merger plan in Tsim Sha Tsui is just one of the baits used by the Ho family. After all, there are no shortcomings or benefits to others. How can others fall into the pit willingly?

'Loving face' can also make people blind and crazy. There are dozens of third-generation members of the Lee family, and it is impossible that most of them are business elites. However, as members of the upper class, they must care about other people's opinions and gossip.

Mandarin Oriental Hotel Café

Ho Ka-ho will meet here with two Hong Kong business tycoons, Zheng Yutong and Li Jiacheng, to discuss the land auction of the Central District Bus Terminal that the Hong Kong government is preparing to launch. Because the amount involved is too large, preparations need to be made in advance.

This time, Li Jiacheng was a few minutes late and had already called to apologize. He Jiahao and Zheng Yutong could only express their understanding.

"Ah Hao, I heard that you have been attacking Xinhe Real Estate Company recently. Although you and Huang Tingfang have some disagreements, you should stop it in moderation. We are all people in the business and we must always cooperate." Zheng Yutong taught.

In Zheng Yutong's eyes, He Jiahao is a fellow from Shunde and is younger than his son, so he naturally needs to give some more advice.

He Jiahao knew that Zheng Yutong had no other intentions, and just wanted him not to take a narrow path. In fact, this era is no longer suitable for Zheng Yutong's approach, but He Jiahao still readily nodded in agreement, saying that Uncle Tong was right.

"But I still did it for the benefit family." He Jiahao added later.

Zheng Yutong agreed and said, "Li Mingze has always been domineering. Since he didn't give you face twice, there is no need to make such a friend. You should be careful. Li Mingze is not a vegetarian. Don't let him fool you."

"I have started merging buildings on the streets of Leighton Road in Causeway Bay. Li Mingze should not cause trouble to me for the time being." He Jiahao did not tell the news about the traitor. It was not that Zheng Yutong could not believe it, but it was unnecessary.

"Haha!! It seems that Li Mingze will be busy for a while. The En Ping Road property you acquired is like a thorn in Li Mingze's flesh. Now you are going to acquire the Causeway Bay property. The Lee family should be worried The title of 'Causeway Bay Landlord' has changed hands."

Zheng Yutong is also an old fox, and he grasped the key from a few words.

A few minutes later, Li Jiacheng arrived. He kept saying apologetic words from the moment he entered the door, and his expression was spot on.

"The Hong Kong government is about to auction the land of the Central District Bus Terminal, which covers an area of ​​144,000 square feet. According to the old practice, the auction price may exceed 3.6 billion." Li Jiacheng said calmly.

For a moment, He Jiahao felt that Li Chaoren was being conservative. In his previous life, this piece of land was sold for HK$4.7 billion, a difference of one-third of the price, a full HK$1.1 billion.

So He Jiahao said solemnly, "That is the home of Land Company. The 144,000 square feet can be used to build three high-end commercial buildings. The floor area can exceed 2 million square feet, which is worth half of the land. Jardine Company will not let it go easily." Yes, I estimate that the final auction price will exceed 4.5 billion."

Since it is a joint company to conduct the auction, He Jiahao naturally has to "prevent" Zheng Yutong and Li Jiacheng to avoid subsequent fatigue.

The price shocked the two of them, and their expressions changed drastically. However, when they lowered their heads and thought about it, they felt that He Jiahao's statement was not unreasonable.

"The price is indeed a bit scary, but this piece of land is rare in Central. The Land Company will definitely try its best. What do you think of Li Sheng?" Zheng Yutong first thought that He Jiahao was a bit alarmist, but later he considered that He Jiahao could not fight with the Land Company. I have a lot of contacts, I know them quite well, and the budget is a little higher, which is conducive to auction bidding.

Li Jiacheng nodded and said, "What He Sheng said makes sense. What is the highest price in your mind?"

Zheng Yutong was silent for a moment, glanced at He Jiahao, and said, "5 billion!"

"5.2 billion, no matter how high it is, it's not worth it." Ho Ka-ho said with some pain. The average price per person is 1.73 billion, which is HK$36,000 per square foot, which is enough to set a new land price in Central, and is even rare in the world.

This 1.73 billion still needs to be jointly borne by Huamei Real Estate Company, Hutchison Group, and Manulife Development. Otherwise, it will be difficult to survive the two years of great decline.

Hearing this, Li Jiacheng didn't speak for a long time. It wasn't until Zheng Yutong asked that he spoke, "The most I can bear is 1.6 billion. This land exceeds 4.8 billion. I may have to choose to quit."

"The price is indeed very expensive, but there is definitely a profit to be made. If it doesn't work, we can involve a few more people. Although the profits will be divided, the financial pressure and risks will be reduced a lot." He Jiahao suggested.

Now he has changed his mind. The properties owned by Land Corporation are not as good as this blessed land. As long as it does not fall into the hands of Land Corporation, he will have the opportunity to take it back and make Huamei Real Estate Company the landlord of Central.

The thoughts of the two tycoons became strange. Zheng Yutong naturally wanted to take over this land as a landmark building for the development of the new world. Li Jiacheng had always adhered to the business strategy of "goods are rotating" and did not want to divide the huge profits. .

"I suggest finding another person who can afford it to join." Li Jiacheng said after careful consideration.

After discussions between three people, the bottom line was set at 5.2 billion. There were three candidates to join, and Li Jiacheng was responsible for lobbying them.

It won't be too difficult for four tycoons to face off against a Land Company. After all, the Land Company has expanded urgently in the past year, and the cash is not that abundant. For such a large amount, bank loans will also take some time to consider, which will inevitably have a negative impact on the determination of the Land Company. some impact.

Even if Land Corporation wins, once real estate plummets and assets shrink, Land Corporation will sell its properties, and Ho Ka-Hao can profit from them and make enough profits to make up for this loss.

A few days later, Hysan Industrial Company raised a large amount of funds and investigated which properties He Jiahao's companies wanted to acquire and merge, so they launched a price war, acquiring the properties at a 30% premium, which was 10% higher than He Jiahao's 20%.

31st floor, Huamei Center Building

"The premium is 30%! Li Mingze is still generous, let them give it to them." He Jiahao said with a smile. Today's land prices are very high, and the premium of 30% is basically more than 4,500 yuan square feet (Causeway Bay).

"If we give it to Hysan Industrial, what will happen to some of the properties we acquired before?" Gao Ci asked in confusion. He knew that the boss was trying to rip off the family, but selling his properties to Hysan Industrial, that was Capitalize on the enemy.

"We make nail-drying buildings and sell them to Hysan Industrial at three times the price." He Jiahao sneered. The whole of Xiangjiang knew about his hatred with the Lee family. Even if someone followed suit, it didn't matter if he was his 'nail-drying building'. He said with a sneer. We are not specialized in merging properties, so we are very lucky to be able to get the property on Enping Road.

"But this will have a great impact on the company's future merger plans." Gao Ci said with an embarrassed expression.

"It doesn't matter! We have always been engaged in real estate development and rarely do property mergers. You don't need to care too much. We will first target Hysan Industrial." He Jiahao waved his hand and said.

"Yes!" Since the boss said so, Gao Ci did not persuade him any more.

In fact, He Jiahao will merge buildings in the future, but it will be completed in conjunction with Haoxin Real Estate and Minghai Real Estate, and the name of Huamei Real Estate will not be needed.

Hysan Industrial must suffer a lot of losses this time, otherwise this guy Li Mingze will come out to cause trouble again and affect the implementation of He Jiahao's plan.

If Lijia's shareholding in Hysan Industrial Company hadn't exceeded 40%, He Jiahao would have dared to take a sniper shot.

Now that Lijia's shareholding is so high and there is a lot of money, it is not worth sniping.