Chapter 321: Obtaining the Earth King and Preparing for Future Crisis
The highlight is always the last one to play.
The auctioneer then said: "In this auction, each bid increase shall not be less than 500,000."
John Keswick, the representative of the Land Party, directly raised the placard and said: "3000 Ten thousand.”
“Wow~~”
There was a sudden noise below, and Real Estate directly raised 2 million.
Yang Wendong said with a smile: "Landmark is quickly clearing up its opponents, allowing some people who are undecided to quickly make up their minds."
"Yes, this is also said to the outside world: I am bound to get this land." Zheng Zhijie also said.
Yang Wendong said again: "But with such a good land, how could others give up like this."
Even if he knew that the real estate crisis would break out in three years, Yang Wendong would not give up the core of Central. of land or property.
In the long run, the real estate crisis of 1966/67 was nothing more than a small fluctuation.
The best position, from now to the early 1990s, he will not let it go, regardless of the crisis in the middle.
“30.5 million.” The representative of Hang Seng Bank immediately raised his hand, while He Shanheng sat in the back with no expression on his face.
The Swire representative also raised his hand and said: "31 million."
"31.5 million." The landowners refused to give in at all.
"32 million."
The price was quickly pushed to 34 million.
It can be clearly felt that the price increases of all parties have begun to slow down, and there is a high probability that they exceed expectations.
“34 million? Is there any increase in price?” the auctioneer asked very politely from above.
Logically speaking, he should have started placing the hammer "for the first time", but he was still waiting. It was obviously with tacit approval and the auctioneer also wanted to make more money.
Yang Wendong raised the sign, which immediately attracted the attention of the auctioneer and said: "Auctioneer No. 16, the bid is 34.5 million."
If the bidder just raised the sign without making a separate bid, it would be the default. Lowest price increase.
Some reporters also began to focus on Yang Wendong.
“This Yang Wendong has failed to win in more than ten auctions just now. He is obviously here for the King of Earth.”
“Nonsense, with Yang Wendong’s status, if he is not the King of Earth, how could he possibly Will you come?”
Many reporters were discussing it privately.
Yang Wendong’s quotation also moved He Shanheng a little, and then the representative in front of him also raised his placard again.
“35 million.” The auctioneer became excited again.
Landmark then followed up with a placard, without making a direct offer. Apparently, it was also preparing to offer 500,000 directly.
“35.5 million.” After the auctioneer finished speaking, he looked at the Swire representative.
At this moment, no one spoke or made any sound in the venue. Everyone was waiting for this land king to break the previous record.
The representatives of Swire and the people behind them lowered their heads and negotiated for a while while being filmed by reporters. In the end, they became silent and no longer participated in the bidding.
The meaning was obvious, and the auctioneer quickly looked at the others.
The Hang Seng Bank representative seemed to hesitate for a moment and raised his hand.
“36 million.”
The auctioneer was very excited and looked in the direction of Land and Changxing Real Estate again. Currently, these three were the only ones left.
The few ghost guys at Landmark seemed to discuss it for a while and finally raised their hands.
“36.5 million.”
The auctioneer looked at Hang Seng again, while He Shanheng frowned, not knowing what he was thinking.
Yang Wendong raised his sign again and said: "37.5 million."
Directly increase the price by 1 million.
"Yang Wendong seems to be sure to win. This land is about to be raised by 10 million."
"10 million is too scary. The land price in Central, Hong Kong is going to break the record again. "
"Does Yang Wendong have that much money?"
"Why not? Did they spend 50 million US dollars on a tanker last time?"
"That's different. Oil tankers mainly rely on loans."
"Isn't it the same with real estate?"
The scene became lively again.
“37.5 million.” The auctioneer was very excited and looked in the direction of Landmark: “Are there any other bidders?”
The ghost guys of Landmark gathered together again, I don’t know. What are you talking about.
At this moment, hundreds of people at the scene are waiting for these three people. Everyone hopes that the price can continue to rise. The higher the house price in Central breaks the record, the more the house price in Hong Kong will eventually rise. In the end, , most real estate developers here can profit from it.
After the meeting, the three of them separated and stopped raising signs.
“37.5 million, the first time.” The auctioneer said loudly. Although he still wanted to wait, he couldn’t really ignore the rules.
At the same time, he looked at the people who had just participated in the auction again, but received no reply.
“37.5 million, the second time.” The auctioneer said again.
The scene became quiet again.
“37.5 million, third time, sold.” The auctioneer made the final decision.
"Pa bang bang bang bang~~~~"
Everyone at the scene stood up and applauded enthusiastically.
Perhaps most of these people just came here to join in the fun. They only participated in the bidding, but did not win any land. Maybe the only person who can come here, no matter how bad, is a real estate tycoon.
The fact that the land king has broken the record means that land prices in Hong Kong will continue to rise in the future, and capital is also optimistic about the Hong Kong real estate market. As a result, everyone's wealth will rise.
"Congratulations, Yang Sheng."
After the auction, Huo Yingdong came up to Yang Wendong and greeted with a smile: "Yang Sheng, after He Dong, There are only a handful of people competing with British capital for high-quality land in Central. This time, you are going to be famous again.” “Ha. Ha, I also hope that there will be more and more Chinese people like me." Yang Wendong smiled and said: "Huo Sheng has also acquired two pieces of residential land, congratulations."
"My total is less than half of Yang Sheng's. It's just a small fuss." Huo Yingdong shook his head and said.
Yang Wendong said: "In the future, Huo Sheng will definitely have a chance to compete with Yihe Taigu."
"I hope so." Huo Yingdong said again: "I'll take my leave first."
>"Okay, let's go slowly." Yang Wendong watched the other party leave. After leaving, another voice came from behind: "Congratulations to Yang Sheng."
Yang Wendong turned back and said: "He Sheng, there is no competition between us."
>The last auction just now was between him and Land.
"Yeah, it still can't compare with the financial resources of Yang Sheng and Yihe." He Shanheng said with a smile.
Yang Wendong said: "He Sheng is joking, in terms of funds, who can beat the bank."
"The bank has more money, but it is not his own." He Shanheng shook his head and said: "Liao Chuangxing has learned from the past. Although I am also optimistic about real estate, I dare not go beyond half a step. At most, I will build properties for my own use."
"This is also good. In fact, banks themselves can also make money in the real estate market. It’s a bonus. If you really want to eat everything, you might be exhausted.” Yang Wendong nodded.
One of the principles of doing business is that you cannot eat alone. Even if Changxing Industrial intends to master the entire industry chain, this is only "mastery". It does not mean doing everything by itself. Some non-core items will still be given to others. .
He Shanheng smiled and said: "That's good. It saves a lot of money. I will focus on banking business again."
"This is naturally better." Yang Wendong smiled.
If history remains unchanged, Hang Seng Bank will only live for two years in the hands of the He family. In early 1965, Hang Seng Bank will be severely run.
What is tragic is that even though Hang Seng Bank has grown rapidly over the years, it has not violated any regulations and its risk control has always been relatively reasonable. However, no bank can survive a run, and neither can Hang Seng. Same, eventually it was absorbed by HSBC.
Every auction of a land king will make headlines.
The next day, many newspapers published the matter, and many newspapers also used the photo of Yang Wendong's final bid as the cover headline.
[The transaction price of the land king is 1,425 yuan per square foot, and the post-it king Yang Wendong became the biggest winner of this auction]
This is the title of the homepage of Sing Tao Daily.
Each word, King of Land, King of Post-it Notes, and Winner, has attracted the attention of many newspaper users.
In the Changxing Building, after reading the newspaper, Yang Wendong said with a smile: "This Sing Tao Daily is really good at blowing, I even felt a little blushing when I looked at it."
This newspaper almost regarded Yang Wendong as the future light of the Chinese people, and I don't know whether it was really flattering or flattering.
"It's just that they are more courageous. Ms. Hu also has this style in the industry." Zheng Zhijie smiled and said: "Actually, Oriental Daily can also write like this, but they are a little concerned about your opinions."
"It's not good to be too exaggerated." Yang Wendong paused and said, "Send them a letter and restrain yourself."
"Okay." Zheng Zhijie agreed.
Yang Wendong asked again: "Has HSBC's first loan of 10 million yuan been received?"
Even Changxing Group or Yihe cannot easily withdraw tens of millions of funds. Therefore, this kind of land king-level auctions all provide funds in batches.
The same goes for the bank. They will give money according to the plan and wait until the houses are built to a certain level before the next batch comes.
Everything is to control financial risks.
Zheng Zhijie replied: "Not yet, they promised that it will arrive tomorrow. After the funds arrive in the Lands Department's account, the Hong Kong government will officially transfer the account to us."
"Okay." Yang Wendong nodded, and then said: "Immediately notify Bei Jinming and ask him to help me design an office building on this land according to the floor area ratio given by the Hong Kong government;
In addition, the marketing department can be asked to go out to find potential tenants. It is best to rent out all the houses before they are built, and sign a five-year term first;
In this way, HSBC may feel more at ease. , we will at least have rent to repay the loan in the future. ”
The normal construction speed of an office building also takes more than a year, so basically it will be completed in mid-1964.
In the original history, by 1965 year, since the run on Hang Seng Bank Since then, Hong Kong's real estate has begun to slump. Although it has not fallen sharply, all kinds of data are not good, including leasing.
If housing prices really fall at that time, banks will definitely give them this. Side pressure.
You can't interfere with housing prices, but it's good to have stable rental income.
"Okay." Zheng Zhijie immediately agreed: "It is still very easy to rent properties in Central, Hong Kong. A large number of companies want to come to Central."
"Okay." Yang Wendong smiled. Laughing, he asked again: "How is Carrefour's recent property acquisition going?"
Zheng Zhijie replied: "During the Chinese New Year, I Two plots of land have been negotiated in Kowloon. On Hong Kong Island, I am also negotiating with two plots of land in Admiralty and Causeway Bay. They have not yet been decided, but the only issue is the price.”
Yang Wendong did the math in his mind and said: "In other words, after these pieces of land are acquired and opened, our Carrefour branches will be 41?"
Zheng Zhijie said: "Yes, there are 31 stores that have been opened so far, 6 are under construction, and these 4 have not completed the transaction."
"Not bad, please continue to work hard on the property management side. Acquired?" Yang Wendong asked again: "Land. Is there anything like a dog-skin plaster that hinders us? "
Zheng Zhijie replied: "Not at all. Even on Hong Kong Island, there are many old buildings or land without large-scale development. I have the same time here. We are talking to many places and they are in charge of We have already had branches in the core business districts of Central, Admiralty, and Causeway Bay, and there is nothing they can do about it.
As for the Kowloon Peninsula, it is even more impossible, and besides, it is still there. Our territory.”
"Okay, then continue to expand in this way." Yang Wendong said: "Liu Huayu has done an investigation before. The recent management of Yi Feng Supermarket is very chaotic and has made obvious radical mistakes; we must Take the opportunity to expand.”
Zheng Zhijie agreed and said: "Okay, except for the residential business, all other real estate investments here have been stopped, and I will fully help Carrefour purchase its own properties."
"Okay." Yang Wendong nodded and asked again: " How many years are the leases of Changxing Real Estate usually for? "
Zheng Zhijie replied: "The main period is 3-5 years, but the rental price will be adjusted once a year according to market fluctuations. You also know this, Yang Sheng. House prices have increased several times in the past few years, and rents have also Almost."
Yang Wendong then asked: "What about the liquidated damages? If the house price drops and the rent drops, how much compensation will they have to pay?"
Zheng Zhijie replied: "It is usually half a year. Those who have a deposit will naturally forfeit the deposit if they breach the contract. If we breach the contract, we will also have to compensate for it, but it is unlikely. If we adjust it once a year, we will not do such a thing that harms our business reputation. "
Yang Wendong thought for a while and said: "Well, starting from this year, all expired properties can be rented out at a cheaper price, but liquidated damages will be increased and the lease will last for 5 years."
Zheng Zhijie understood the meaning after listening: "Yang Sheng is worried that there will be problems with housing prices?"
Yang Wendong nodded and said: "It is possible, and I will too Just in case, how can housing prices in this world continue to rise? Maybe housing prices have not reached the peak this year, but it will be hard to say in two years.”
Although the real estate crisis broke out in 1966 and 1967. , the direct cause is also an external factor; but in fact, even if there are no external factors, Hong Kong's housing prices will inevitably be in crisis, because housing prices were not good as early as 1965.
Of course, external factors also have a great influence, causing housing prices to fall very ridiculously.
Zheng Zhijie said: "Okay, I understand."
Yang Wendong added: "This matter does not need to cover all properties. It is mainly implemented on Hong Kong Island. Unless it is a very large-area property in Kowloon, , or properties in the center of town, don’t worry about the rest.”
Next year, many properties that are not very important will be sold and cashed out.
PS: Please give me monthly tickets
(End of this chapter)