Chapter 61 061 [Yuen Long Tai Po Land]
Star King Tea Restaurant, No. 31 Temple Street, Yau Ma Tei
This is the property of Paramount Restaurant Company, and the tea restaurant property is also Paramount Corporate.
Luo Qihong called and made an appointment for the best private room. The guest was Wen Jiantao, the department manager of Xiangjiang Jianian Real Estate Company.
In the early 1970s, Jianian Real Estate Company was well-known in Hong Kong. It was one of the old real estate companies, not much worse than the Five Tigers of Chinese real estate.
Carnival Real Estate Company was listed in the second half of 1972. Although it suffered little loss in the real estate crash of 1973, it also shifted its development focus overseas to develop Capital City in Kuala Lumpur, the capital of Malaysia.
However, a few months later, the oil crisis broke out and the world economy declined. Malaysia's main industries, rubber and rice exports, dropped sharply. Real estate sales in Subang City were unsatisfactory, and development plans were seriously lagging behind, resulting in the profitability of Carnival Properties. It has been falling year after year, and in 1977 it was only 4.4 million yuan.
In the late 1970s, Jianian Real Estate Company made a comeback and returned to Xiangjiang ready to flex its muscles. However, the strength of Jianian Real Estate has lagged far behind the companies of the same period. Due to lack of funds, Jianian Real Estate Company can only Operating some smaller sites, they began to expand aggressively. They learned from the five Chinese-funded tiger generals and carried out land reserves.
"Hello, Wen Sheng!" Luo Qihong stood up with a smile, stretched out his hand to shake hands with the burly Wen Jiantao.
"Hello, Luo Sheng! I didn't expect Luo Sheng to be so young and already the boss of a listed company." Wen Jiantao said flatteringly.
Luo Qihong smiled slightly and said, "Wen Sheng deserves the award! The operating conditions of Paramount Company are very poor, otherwise it would not have fallen into my hands."
"It is precisely because of the poor operating conditions that Luo Sheng's Ability." Wen Jiantao spoke very nicely.
It seems that it is difficult to take advantage today. Luo Qihong glanced at Wen Jiantao and sighed in his heart.
"What strength can I have? Otherwise, I would not have sold the original assets of Paramount Company." Luo Qihong said with a bitter smile.
Chatting with Wen Jiantao for more than ten minutes, the topic gradually turned to the main topic.
"Paramount Company has two large-sized pieces of land each in Yuen Long New Town and Tai Po. Although the new towns in these two places are progressing slowly, they have great development prospects, and they are both residential land. More than 300,000 square feet of residential buildings can be built," Luo Qihong said.
Wen Jiantao retorted, "What Luo Sheng said is true, but these lands will be held in his hands for a long time, and the funds will be tied up. In addition, the B-type official land exchange certificates on the market are more expensive than these lands." It’s much cheaper. Jianian Real Estate Company can absorb land in this way without having to spend a lot of money to buy land.”
Luo Qihong shot back, “Type B official letter exchange for land certificate is indeed very cheap, but the shortcomings are also very obvious. , it is impossible to determine the location of the land, and most of it is in remote places, and there are very few lands close to new towns. It is quite different from the land held by Paramount Company. "
" 130 yuan per square foot is really a bit expensive, higher than the market price. Our price of 80 yuan per square foot is more suitable, and Paramount Company is eager to sell it, so it will not pay a high price." Wen Jiantao said. A true statement.
“The current market price of Yuen Long New Town land is 110 yuan per square foot, and 80 yuan is only 70% of the market price. Even if Paramount Company is anxious, it will not lose that much.” Luo Qihong He continued, "Paramount Company can still survive for a while, there is no reason to lose so much."
Wen Jiantao looked down and thought for a while, not wanting to miss the opportunity. The base price given by the company was indeed higher than 80 yuan. "In this case, I will raise the price on behalf of the company, 85 yuan per square meter." "
Luo Qihong still shook his head, "130 yuan is only a premium of 18%, and 85 yuan is only less than 80% of the market price. I will give in and give a premium of 10%. "
Wen Jiantao carefully considered Luo Qihong's base price, "Then let's say 90 yuan. This price is already 80% of the market price, and Jianian Real Estate will acquire two pieces of land together. If Paramount Company is willing, we can Purchasing the other two pieces of land at 80% of the market price in Dabu New Town saves Luo Sheng the effort of looking for buyers.”
“The market price is the lowest price I can accept. 80% is impossible. "The land is not like cabbage in the wet market, it's so cheap," Luo Qihong said seriously, his base price was 85% of the market price. Luo Qihong had no choice. All his peers knew that Paramount Company was in poor operating conditions and needed to sell assets to settle debts and maintain normal operations. It would be better if prices were not lowered at this time.
"Luo Sheng, let alone the premium, the market price is impossible. Which peer doesn't know the situation of Paramount Company." Wen Jiantao said, "I don't want you to suffer too much. Let's do it this way, 90% of the market price. How about 100 yuan per square foot? "
Luo Qihong felt that it was about the same. There was not much hope for a few more yuan per square foot. "Okay, then 100 yuan per square foot, over there in Tai Po. The two pieces of Jianian real estate will be purchased at 90% of the market price, which is 81 yuan per square foot. "
"Okay! Let's make a preliminary agreement first, and I will report it to the company later. I'll let you know before I get off work tomorrow." Wen Jiantao chuckled. He helped the company acquire more than 100,000 square feet of land at 90% of the market price. This is a big achievement.
"No problem!" Luo Qihong finally breathed a sigh of relief. As long as the funds are withdrawn, Paramount Company can solve at least 30% of its debts, and it is only a matter of time before the company will have new opportunities.
“Come, drink tea!” Luo Qihong turned around and called the waiter, “Please serve all the signature dishes in the restaurant.”
"Luo Sheng, there are too many dishes for the two of us to finish. There is no need to order any more. It will be wasted later." Wen Jiantao pressed his hand to stop the waiter from placing the order.
"Okay, I'll call you later if you need it." Luo Qihong waved his hand and motioned for the waiter to leave.
“I heard that Paramount is also selling its tea restaurants?” Wen Jiantao asked with a smile.
Luo Qihong pursed his lips and smiled bitterly and said, "Yes, are you interested in Jianian Real Estate?"
Wen Jiantao shook his head, "The main focus of Jianian Real Estate now is to develop residential buildings, not real estate." Very interested. But I can help Paramount Company contact the buyer.”
Luo Qihong felt that the funds recovered from the land sale had greatly improved Paramount's operating conditions, and there was no need to be so anxious about selling the tea restaurant.
"Thank you very much Vincent. If Vincent can help Paramount negotiate the market price, Vincent's commission will be indispensable. I will definitely pay according to the highest standards in the market." Luo Qihong smiled meaningfully, and the world Everything is for profit.
"Haha!! That's easy to say, then Luo Sheng is waiting for my good news." Wen Jiantao smiled heartily. This was an honest way to make extra money. Jianian Real Estate Company did not acquire the property and industry of the tea restaurant. Plan, this is not about turning your fingers outward.
After getting down to business, the rest was just some gossip. Fortunately, Luo Qihong had gained a lot of foreign historical knowledge since traveling through time, otherwise he might not have been able to pick up the topic.
In the office of Dehe Real Estate Company
Lin Luoqi sat on the chair without any gesture, turning a blind eye to the pile of documents in front of him. These were documents that Luo Qihong wanted his partner to see, but unfortunately he only agreed to read them.
"Is Dehe's business good recently?" Lin Luoqi asked lazily. Of course, he was not as ignorant about Dehe Real Estate as he appeared to be.
Luo Qihong shook his head, "It's good and bad! Many colleagues copied us and started the partition store business. Originally, the market dropped sharply, but a group of speculators speculating on industrial buildings began to pour in. Come, they need a large number of shops, especially small shops, which are popular with them, so business is getting better again.”
“Speaking of this, my eldest brother is in trouble now, and the price of industrial land has begun to fall. , Jide Real Estate Company still holds a large number of industrial properties, and is now busy selling them quickly to collect funds to repay previous loans. I think Jide Real Estate Company will lose a lot of money," Lin Luoqi said with a smile. With.
(End of this chapter)