Chapter 124 124 [Scale Expansion]
(It will be released tomorrow morning, and a chapter will be released at 12:30 in the morning. I hope you will support me greatly. This is also the author’s motivation to continue writing, thank you!!)
In the end, this piece of land was auctioned by a small company. The auction price was 21 million yuan, a premium of about 17%, which was a relatively moderate price.
Two hours later, the most important part of the auction was the auction of two pieces of land in East Tsim Sha Tsui, namely No. 67 Mody Road and No. 77 Mody Road.
Although these two pieces of land are not close to the sea, their area is not small, both exceeding 40,000 square feet. For example, the area of land No. 67 is 41,000 square feet.
"The starting price for the land at No. 67 Mody Road is NT$90 million, and each increase will be no less than NT$200,000."
"Bang!" The gavel fell, and the auctioneer glanced left and right and shouted, "Bid." Let’s start!”
Although Luo Qihong was mentally prepared, he couldn’t help but be a little surprised. The market value of a piece of land was almost the same as that of a small real estate company, and No. 67 Mody Road was not close to the sea. If the land was close to the sea, how could it be? It’s not like it will exceed 100 million every minute.
The bidding started, and Chinachem Properties took the lead, bidding 91 million yuan.
This has caused many real estate developers to raise eyebrows. Chinachem Real Estate Company is notoriously stingy in Hong Kong. It has been developing in the New Territories. Its target customers have always been middle and low-income citizens. Why is it spending a lot of money to auction high-end properties today? East land?
Luo Qihong was also a little confused. Could it be that Chinachem Real Estate Company suddenly woke up? Want to work hard and become a famous real estate consortium in Hong Kong?
This possibility is the smallest, unless Chinachem Real Estate Company changes its owner.
In the end, the land was acquired by a local medium-sized real estate company at an auction price of NT$123 million.
Seeing that the market was so good, the auctioneer rushed to sell the land at No. 77 Mody Road, with the starting price being as high as 100 million yuan.
Chinachem Real Estate Company began to spend a lot of money, and raised the auction price to 110 million yuan in the first bidding, which made many real estate developers take a breath of cold air. Many people realized that Chinachem Mao Real Estate Company is determined to win this land.
Of course, there are also real estate developers who don't believe in evil and directly bid "120 million yuan", which is a 20% premium.
Chinachem Real Estate Company continued to keep up, but its intensity was greatly reduced, with a bidding price of 121 million yuan.
Luo Qihong smiled and murmured, "I thought Chinachem Real Estate Company had changed its character, but it turned out to be the auction routine."
This auction gave Luo Qihong a lot of knowledge. It is understood that auctions are not always successful with routines. Auctions are all about skills. However, if you encounter a good piece of land, routines do not seem to be that effective. It is more a test of the confidence and financial resources of the bidders.
The land at No. 77 Mody Road was acquired by Chinachem Real Estate Company for NT$136 million.
According to the floor area ratio, this land can be used to build a commercial building with a floor area of 380,000 square feet. The height of the building must not exceed 52 meters, which means that only a 16-story commercial building can be built.
Luo Qihong did not stay at the auction venue for too long, nor did he have the shamelessness to meet some of his peers. Instead, he drove directly to a restaurant in Tsim Sha Tsui.
As soon as Li Jiafeng saw Luo Qihong in the box, he immediately came up to him with a smile on his face, "Boss, you are here, is the official land auction fun?"
Luo Qihong said with a smile. "The auction is not a place for fun. I went there to see how my peers bid for official land."
"How was the harvest?" Li Jiafeng scratched his head and said a little embarrassed.
"The harvest is okay, but the land is too expensive, costing tens of millions. Including construction costs, it will probably cost tens of millions more. Paramount Company cannot afford it for the time being." Luo Qihong smiled softly.
"Indeed, land is too expensive, especially official land." Li Jiafeng also feels the same. Now he is no longer lying flat. Under Luo Qihong's suggestion, he began to learn various real estate knowledge, and he also has an understanding of the current Xiangjiang city. Some insights.
"Any news about the old commercial buildings in Kowloon City?" Luo Qihong sat down and asked.
Li Jiafeng sat down next to Luo Qihong, then took the briefcase and took out a pile of information, "This is information about three shopping malls and a medium-sized commercial building. The commercial building is similar to Lifa Building, but it is older. Old, but the area is OK. "The Jiadu Building according to the information is an old building built in 1952, covering an area of 22,000 square feet, but the area of each floor of the building is only half of the area, 10,000 square feet. It is about 13 floors high and has a floor area of 147,000 square feet.
What made Luo Qihong hesitate was that the location of Jiadu Building was not good. Although it was between Sham Shui Po and Prince Edward, the business district next to it was not very developed, and there was a gap between it and Lifa Building. He was worried that it would be a pitfall if he started rashly.
In the future, the location of Jiadu Building will naturally be good, but at present it is still a bit useless. Whether it can be sold at a high price, Luo Qihong does not dare to make a decision easily.
Those three shopping malls are good things. They are all near Sai Sai Street in Mong Kok. There are many residential buildings next to them, with a population of at least 40,000 to 50,000. Of course, there are many competitors and many shopping malls.
But this has nothing to do with Luo Qihong. As long as the business district here is prosperous, selling the mall after renovation is a good project.
"Contact the owner of the shopping mall first. Let's put aside the matter of Jiadu Building. I want to investigate the situation near Jiadu Building. If it doesn't work, I'm worried that no one will take over." Luo Qihong said in a deep voice.
Glancing at Li Jiafeng, Luo Qihong continued to add, "If you have the funds, you can take a share in the shopping mall project, accounting for 30% of it?"
Li Jiafeng was stunned when he heard this, and said, "Do you really want to give it to me?" 30%? That’s a profit of hundreds of thousands.”
Luo Qihong said with a smile, “This requires you to get so much money. I don’t allow credit here.”
If Li Jiafeng wanted to invest in all three shopping malls, he would need close to 2 million in cash. Luo Qihong didn't think Li Jiafeng would have that much money.
Hearing this, Li Jiafeng's expression froze. Where would he find 2 million in funds?
"You go home and discuss it yourself. Try not to say what the project is, but you can say that you are cooperating with me." Luo Qihong waved his hand and warned.
Li Jiafeng nodded and said he would go home to find support. He immediately changed the subject and said, "Then I will invite the three owners to come out to discuss cooperation. When do you think the time is right?"
"The day after tomorrow. Well, I have something to do tomorrow and don’t have any free time,” Luo Qihong said.
“Okay, then I’ll try to make an appointment with them the day after tomorrow.”
Ulsan Garden Mansion in Mid-Levels District at night
There are 5 dishes and 1 soup on the dining table. The soup is very light. It is lean meat cooked with loofah and has the effect of reducing internal heat.
Luo Qihong did not eat directly, but first served a bowl of soup.
"Shenzhen Bao Printing Company has been acquired by me, spending 790,000 yuan in cash, half of which was a loan, and the other 200,000 yuan was misappropriated customer deposits." Luo Qixing reported.
Luo Qihong forgot about this matter. He has been really busy recently and has not been able to take care of the printing company's affairs. Unexpectedly, Luo Qixing has already completed everything. He agrees with the loan plan, but there are some problems with the misappropriation of customer deposits. .
But the problem is not big, it is only 200,000. Luo Qihong can solve it with a wave of his hand, but this is a bad habit.
In the future, when Shengyun Printing Company becomes large-scale, this habit will lead to disaster. If it is a listed company, there is a high chance of being sued. If it is not done well, you will have to go to Stanley Prison.
So, Luo Qihong put down the dishes, walked to the room, took out a check and gave it to Luo Qixing, and said, "Here is 200,000. Make up for the misappropriated funds first. Don't misappropriate the company's funds again in the future."< br>
Luo Qixing didn’t quite understand what Luo Qihong meant, and neither did Luo Zegui and Lin Ya.
Seeing this, Luo Qihong could only explain the matter once.
"Ah Hong is right. The current Shengyun Printing belongs to us. If we misappropriate it, we will misappropriate it. It is easy to discuss anything, but if there are other shareholders, others may have an excuse to cause trouble." Lin Ya echoed.
"Yeah! I will misappropriate customers' deposits again in the future." Luo Qixing also agreed with this warning.
(End of this chapter)