Chapter 120 120 [Weiji Building Century Building]
“You immediately spread the news to the outside world, saying that many real estate developers are willing to purchase the 5-story property of AXA Center Building at a premium of 20%, and we are also interested in selling it.” Luo Qihong ordered, "Mr. Kang, you need to start contacting real estate developers and speculators who are willing to pay a 20% premium, and strive to sell all the AXA Center Building within the next few days."
Su Qishan and Kang Wenyi Their pupils were dilated and there was a look of surprise on their faces. They had just paid a down payment of 31.5 million yuan to Cheung Kong Industrial Company and Guang Sang Hong Company a few days ago. Why was it about to be sold off so soon?
Luo Qihong will not explain anything to them. This is very unnecessary. They are not decision-makers, just executors. They do not need to know the reasons.
Seeing that their boss had no intention of explaining, the two of them didn't dare to ask. Despite Luo Qihong's young age, his style was extremely domineering. Although he didn't use swear words, he did things even harsher than the swear words.
Su Qishan took a peek at Luo Qihong, then handed over a document and said, "Boss, this is the information of Weiji Building, No. 18 Onlan Street, Central. The owner of the building is Baiqi Real Estate Co., Ltd., and their boss Zhu Baiqi has already It was said in public that the Weiji Building was to be sold. The asking price was not yet clear, but the Information Integration Department calculated based on market conditions that the building was expected to cost 140 million yuan. "
Luo Qihong opened the document and saw the basic information. At first sight, it seems to be a Central building that is more suitable for Paramount Company.
Weiji Building is a 16-story building with an area of 8,500 square feet and a floor area of only 92,800 square feet. It is a small commercial building. However, this building was built in 1977 and is very old. Being short is also one of the reasons why it can be sold at a high price.
The asking price of this Central building will not be very high. After all, the location is not very good, and the area is too small, so it is no longer very suitable for the current market requirements.
If we win the Victoria Building, the pressure on Paramount Company will be greatly reduced, and Luo Qihong’s budget will be reduced by nearly 100 million yuan.
Based on the current selling price of the AXA Center Building, Paramount Company can make a profit of at least 24 million yuan (interest needs to be paid). In addition to the funds withdrawn from Lifa Building and Southeast Tenement Building, Paramount Company has already raised Half of the funds arrived.
This situation made Luo Qihong relieved. After closing the document, he raised his head and said to Kang Wenyi, "Manager Kang, you can try to contact Baiqi Real Estate Company and say that we are interested in acquiring Weiji Building. You can give They asked for 130 million yuan."
"Yes, Boss Luo!" Kang Wenyi followed Su Qishan and changed his mind.
Luo Qihong glanced at Kang Wenyi and wanted to tell him about the upcoming sale of Paramount Company. However, he did not want to create any details. In fact, it goes without saying that these employees will know it by then.
Kang Wenyi left the office, and Su Qishan was still sitting in his seat, as if he still had something to say to Luo Qihong alone.
Luo Qihong opened the information again, wanting to read it again, "Does Manager Su have anything else to do?"
"Boss, I still have a project on hand, but this project requires a large amount of funds." Su Qishan said, his eyes flickering a little, he felt that this news was a bit useless.
“Tell me about it!” Luo Qihong asked with interest.
"The Land Company has released news that it intends to sell the Century Building at No. 1A Ligendeli in the Mid-levels and the 35,000 square feet of land next to it. The base price is NT$380 million." Su Qishan saw that Luo Qishan was interested, so he handed over the information collected on.
Century Tower 1 was built by Hong Kong Land Company. It was occupied in 1970 and is now 12 years old. The building is cylindrical in shape and 35 storeys high. It can provide 58 stratified units. There are also 2 duplex units with more than 50 parking spaces.
Each unit in Century Tower is equipped with a super large terrace, with an open view and an extremely wide view. You can see the Victoria Harbor in the distance, and it only takes 10 minutes to drive to Central.
This is the most central high-end residential building distribution area in Mid-Levels. It is one of the best in Hong Kong in terms of educational resources and environment. It is also a residential building that the wealthy class are chasing after.
Century Tower has been mainly for rental since the 1970s, and the control of the 60 units is still in the hands of Land Corporation.
Century Tower is naturally a rare high-quality property, and it also has an undeveloped land of 35,000 square feet, which is really attractive. Luo Qihong knew that with a little hype, it would be trivial to earn tens of millions, but it was not easy to win this piece of property.
He could no longer remember which company had acquired this piece of property, but Paramount Company could fulfill the Chinese Real Estate Company's request and acquire the Wei Kee Building in full as long as it was willing.
"I'm afraid the competition will be fierce, right?" Luo Qihong asked with a frown.
"It's very fierce. I heard that some big companies such as Sun Hung Kai Properties and Sino Properties want to take over this property." Su Qishan said anxiously.
In front of companies like Sun Hung Kai Properties, the Paramount Restaurant Company with a market value of 500 million yuan is indeed not enough. However, the original market value of Cheung Kong Holdings was only 600 to 700 million yuan. It is also in the Central MTR Station and Admiralty. In the property development rights project above the subway station, he defeated a real estate company with a market value of nearly 10 billion, and became famous in one fell swoop.
Thinking of this classic case, Luo Qihongdun gained a lot of confidence. If Paramount Company defeated Sun Hung Kai Properties and Sino Properties, there would be an earthquake in the entire Hong Kong. At this time, the market value of Paramount Company It is possible to exceed 1 billion yuan.
Then didn’t Luo Qihong make a lot of money?
“Is Land Company planning to hold a bidding meeting?” Luo Qihong asked. If it were not for the bidding meeting, Paramount Company’s chances of winning this project would be even slimmer.
"Yes, it is planned to be held in mid-September, and registration will begin in a few days." Su Qishan replied.
"Okay, you can sign up for the company." Luo Qihong felt that there was still a month left, so he could make good preparations.
After Su Qishan left, Luo Qihong held the Century Building information for a long time and refused to let go. Such a good project was simply a gift from heaven, and he must win it.
Even with the base price of 380 million yuan, Paramount may not be able to afford it, so Luo Qihong was thinking about finding partners to form an alliance.
Finally, Luo Qihong considered that his allies might not be willing to let go of the Century Tower in a short period of time, and his purpose was to make a profit before getting rid of it, so he decided to invest privately with Paramount Company, and so on. It’s much more convenient to get up.
A restaurant in the On Loyen Building shopping mall in Central
Huang Yulang made an appointment with Luo Qihong here and wanted to discuss the matter of Shenbao Printing Company.
"Luo Sheng, what exactly does Shenyun Printing Company mean? Why do you want to rob the Shenbao Printing Company that Yulang International is interested in?" Huang Yulang stared at Luo Qihong angrily and asked.
Luo Qihong sneered and said, "What? Is Yulang International Company the emperor? No other competitors are allowed to appear for the things you like. Do you want to engage in a 'one-size-fits-all business'?"
"Luo Sheng knows what I am. "I mean, why change the topic?" Huang Yulang said.
“I’m not digressing from the topic. Your Yulang International is engaged in these ‘new acquisition plans’, which has caused a panic in the printing industry. The boss of Shenbao Printing Company approached Shengyun Printing The company is willing to help and is willing to sell Shenbao Printing Company to Shengyun Printing at a low price. Does Huang Sheng want me to refuse this benefit? "Luo Qihong will not talk about morality with Huang Yulang, and this guy will not talk about morality.
"Does Luo Sheng know that Shenbao Printing has a business dispute with Yulang International?" Huang Yulang asked.
"I have some understanding. I am also thinking about talking to Huang Sheng after I take over the Shenbao Printing Company." Luo Qihong raised the corner of his mouth and smiled.
(End of this chapter)