Yu Yongan pointed to Luo You, who was surrounding the White House, and said, "They were appraising a piece of land for me. The land was more than 10,000 acres. Xiao He said you wanted an asset appraisal company here, so I
Let them come here first."
With more than 10,000 acres of land, Hong Kong is definitely a land king in a world where land is at a premium. Of course, whether you are a land king depends on the transaction price. Only the one with the highest transaction price is qualified to be called a land king.
Yu Yongan said, "That piece of land is right on the edge of Central. It is the last commercial land in Central. The Hong Kong government has done some preliminary work to integrate it and put this more than 10,000 acres of land up for auction as a whole."
"Aren't they connected together?" Yao Yuan asked.
Yu Yongan shook his head and said, "There are several municipal roads passing through it, which is equivalent to separation, but it will not have a great impact on future development."
Taking a puff of cigarette, he said, "The Hong Kong government's starting price has been announced, which is equivalent to HK$1.26 million per mu."
"12.6 billion Hong Kong dollars, not expensive." Yao Yuan seemed to be talking about 126 yuan.
The equivalent of RMB is probably just over 10 billion.
"It's not expensive, but this is the starting price," Yu Yong'an said.
In fact, this land price is indeed not expensive, equivalent to only 3,400 Hong Kong dollars per square meter. This is the Hong Kong property market before the Asian financial crisis. And after the early 1990s, the Hong Kong property market continues to advance rapidly, and houses priced at more than 100,000 Hong Kong dollars per square foot are everywhere.
, the average price of commercial real estate in Central has exceeded 200,000 Hong Kong dollars. From this, we can actually see that Hong Kong at this time is much more developed than all the first-tier cities in the mainland. This is the financial center of Asia!
Yao Yuan said with a smile, "Not many people can afford more than 10 billion Hong Kong dollars. What do you have to worry about? Are you worried about Cheung Kong Holdings?"
"You already know and you still ask," Yu Yongan said angrily.
If Yongan Group can collect more than 10 billion Hong Kong dollars, its own cash flow will be 70 to 8 billion. It can solve the gap by seeking bank loans without even having to raise funds.
However, if real estate giant Cheung Kong Holdings comes in, Wing On Group may not be able to sustain it.
Yu Yongan said, "Previously, the Hong Kong government meant to divide the land into several parcels for auction, so that everyone could have some meat. Unexpectedly, the Hong Kong government suddenly wanted to consolidate the land into one parcel for auction, which is equivalent to putting the weak real estate group
Cleaned out."
After a pause, he said, "Currently, four real estate groups have paid deposits, Changshi Holdings, Jiahe Real Estate, Meijia Group, and our Yong'an Group. Jiahe Real Estate has put a large amount of money on the project in Guangdong.
, they probably don’t have the strength to compete. Mr. Lu of Meijia Group passed away last month, and they are busy fighting internal lawsuits to divide the inheritance. Only Changshi Holdings is left, and Li Bancheng is bound to win.”
Yao Yuan suddenly laughed and said, "Old Yu, the older you get, the less courageous you become. Changshi Holdings has more cash than you? I don't think so."
"How do you put it?" Yu Yongan smiled awkwardly, "Cheung Kong Holdings is an established capital after all. Although everyone has their own opinions, the strength of Cheung Kong Holdings ranks first among local companies in Hong Kong. There should be no
What objection?"
Sighing, Yu Yongan said, "We fought with Changshi Holdings for several dollars. In more than a year, we got three of the seven plots and Changshi Holdings got four, but the total area was about the same.
Yes, ours is better in this area."
"Changshi Holdings wants to enter real estate on a large scale, so it buys land everywhere. Li Bancheng bought land in Guangdong City and Shanghai, but the land price is cheap and he doesn't spend much money, so Changshi Holdings has great financial strength, and Li Bancheng still has
There is Hutchison Industries, which has a good relationship with the British and has no shortage of financing channels."
After hearing what Yu Yong'an said, Yao Yuan decided to take care of the matter. He pondered for a moment and said, "Old Yu, I made it very clear at the last executive meeting before entering politics. In principle, I will no longer take care of the specific details of the secondary group companies.
It’s business.”
Yu Yongan said, "I know. If I hadn't really been unsure, I wouldn't have come to you."
Yao Yuan nodded slightly and said, "Yong'an Group's light industry foreign trade in Russia has basically reached its peak. You are right to diversify your development, and there is no problem in entering Hong Kong real estate. I won't talk about Li Bancheng. You know, I
He can't bear to move his fingers."
"That's for sure. Just one Sedan Oilfield can crush Li Bancheng to death." Yu Yong'an had no doubt at all.
It doesn't matter that Li Bancheng is the richest man in Hong Kong. If you fight Yao Yuan no matter what, you may still leave a whole body, but if you have to fight for funds and cash flow, you won't be able to find the body.
Yao Yuan said in a deep voice, "Let me tell you this, this is more than 10,000 acres of land, not more than 1,000 acres. After taking it, the Hong Kong government will definitely not allow you to leave it idle for a long time. The money to buy the land and the money for construction
, all kinds of things, you will have to spend at least 20 billion Hong Kong dollars in one or two years, and this is under the premise that you can bid for this land at the ideal price."
This financial pressure is beyond what Yongan Group can bear, which is why Yu Yongan must obtain Yao Yuan's consent.
"I have not been idle during this period. Next year, Hong Kong's real estate industry may experience a sluggish period, which may last one to two years. During this period, you have to repay loans and develop new land, and the financial pressure will be
It’s very big and may even crush Yong’an Group.” Yao Yuan said seriously.
Yu Yongan was shocked, "Is it possible? Hong Kong's property market is recovering very well now. Many evaluation agencies have given high evaluations, and the stock market has also responded very positively."
"Have you forgotten the Japanese real estate bubble? You have no idea how much money we made during the economic crisis caused by the Japanese real estate bubble? You are afraid that someone will take advantage of it," Yao Yuan said with a smile.
He did not intend to explain in detail, and the Asian financial crisis in 1997 was not something that could be explained. He said, "I will give you two plans. The first one is to go head-to-head with Cheung Kong Holdings. Isn't it just a matter of hard work?"
Yongan Group does not have it, the holding group can inject capital or even borrow money without any problem."
The holding group is Dongfeng Group.
If it is a capital injection, it means that Yu Yongan's shares in Yongan Group will be diluted.
Yao Yuan continued, "The second option is to raise the price as much as possible during the auction, but we must let Cheung Kong Holdings get the land and put 20 to 30 billion Hong Kong dollars on it. After the crisis, Cheung Kong Holdings will suffer enough
Okay, you need to be more courageous, and when Cheung Kong Holdings is weak, you can use your stock god skills to forcefully acquire it."
I couldn't help but laugh at the end. It was exciting to think about the group company under my control forcibly acquiring Li Bancheng's Cheung Kong Holdings.
Yu Yongan understood. According to Yao Yuan, these more than 10,000 acres of land are now big and hot potatoes. If you have a small appetite, you will die if you forcefully eat them. Without adequate insulation measures, no matter how good your appetite is, you will be burned.
Get blisters on your hands.
Undoubtedly, the second plan is the best. Make a decision before taking action, temporarily let Changshi Holdings obtain these more than 10,000 acres of land, and seize the opportunity when a crisis occurs, and still have a lot of money left.
But there is a question, what if Li Bancheng persisted in the crisis?