Hong Kong's new giants

Chapter 229 [Superman Lin VS Superman Li · [-]] (Ask for a monthly ticket!)

A new week begins.

Monday, May 4.

In the conference room of the New Times Group, Lin Zuhui was checking the bid document for the title of "property rights over the Lantian Subway Station". Although the price is the most critical, other contents are also very important.

整个项目设计成20幢28层至34层的住宅大厦，约4100个住宅单元；花园设施包括两个住客会所、购物商场、幼稚园、以及多个休憩公园、儿童乐园、缓跑径和安老院。每个住宅单元680平方尺起，整个项目最终的楼面面积超过300万平方尺，而到达了320万平方尺。

After reading the bidding documents, Lin Zuhui nodded in satisfaction, and several core executives breathed a sigh of relief.

"The price is 9.88 million Hong Kong dollars, fill it in!"

The 9.88 million is the profit for the subway company. If it wins the bid, it will have to pay the land premium to the Hong Kong government (estimated at 10 billion).

The MTR company in Xiangjiang is operated independently, and the Hong Kong government will give the property development rights on the subway station to the MTR company, and the MTR company will take the land for bidding; however, the Hong Kong government does not give the MTR company this land for free, it The real estate developer (or the subway company) needs to pay the land compensation fee.

Therefore, if a real estate company wants to develop the property development rights above the subway station, it is equivalent to paying the subway company and the Hong Kong government a total of two expenses.The money for the construction of the subway was started with this, and the Hong Kong government then guaranteed the loan for the subway company.

This time, the Planning Department of the Hong Kong Government has increased the plot ratio of the Lam Tin MTR station, so that the original land that could only cover 300 million square feet can now cover a floor area of ​​320 million square feet, so the real estate business must be prepared to bleed!
With a floor area of ​​320 million square feet and a shopping mall of 20 yuan, the sales price is only 40 billion yuan at the current price.

According to the price tag of the New Times Group, plus the land subsidy fee of 10 billion, the cost of the land alone is 20 billion.However, the construction fee and tax fee must be 18 billion, plus the loan interest, the total investment of the entire project has exceeded 40 billion.

The important thing is that New Era Group also needs to ensure that Baoli Technology will obtain a net profit of 5 million.

With such generosity, Lin Zuhui believes that he will win this battle!

Several high-level executives were a little surprised. The boss's price tag was too high. If the current housing prices were used, the New Era Group would be "steady to make a loss" and bet on future real estate appreciation.

But they didn't say anything, because they could see that the boss would not listen.

"Okay, I'll fill it in right away!"

"Manager Chen, do it yourself, the bid must be kept secret!"

"Ok!"

How do these people know what Lin Zuhui cares about? What he cares about is defeating Superman Li!

On the other side, Li Chaoren is also negotiating the price with Huo Jianning, Zhou Zhoumao and others.

"Who do you think is our biggest competitor this time?" Li Chaoren asked feeling a little uneasy.

Lin Zuhui's strength is not very strong, but his "shark guts" style puts pressure on many people.

Zhou Zhoumao said: "It's hard to say, Sun Hung Kai, New World, Henderson, and New Times are all our opponents!"

What he said was not nonsense but the truth!

How can this kind of bidding be said to be the biggest opponent, and it is not a situation where Changshi's family dominates.

Li Chaoren asked: "How about New Era Group? Their boss is a spoiler!"

Zhou Zhoumao said: "Since November last year, the New Times Group has been acquiring land and old real estate, and exchanging land rights and interests. It is said that the funds consumed are as high as 11 billion. I haven't heard of them borrowing heavily recently. I'm afraid they are not strong enough." !"

Li Ka-shing said worriedly: "But they participated in the bidding!"

For a while, everyone was a little uncertain.

As long as the real estate company has a good reputation, it is no problem to go to the bank to borrow money after winning the bid (the fact is that Lin Zuhui has contacted many banks and carried out a "committed loan" of 20 billion; what's more, Lin Zuhui has cash personally, which can guarantee that nothing will go wrong).

Huo Jianning said: "The price tag of [-] million is the par price of the entire project. If interest is added, it will be a loss-making price. The real estate developers in Xiangjiang probably won't exceed this price!"

Li Ka-shing breathed a sigh of relief, it seems to be the truth!
However, he was still worried, and said, "Overweight, 8.8 million to bid!"

His idea is that if the new era real estate is also 8 million, then Changshi can still win with a fraction.

"Okay, I'll do it right away!" Zhou Zhoumao hurried to get to work!

In fact, Cheung Kong initially prepared a bid price of 7 million yuan, but when Li Chaoren learned that New Times Group had participated in the bidding, he changed it to 8 million yuan. As a result, at the last minute, the boss changed the price again to 8.8 million yuan.

Therefore, everyone is thinking that Li Chaoren's bid for the Central/Admiralty MTR station defeated Hong Kong Land Company and became the hottest topic in Hong Kong at that time.

Now, is the new era today considered to be the growth of the year? Otherwise, why is the boss so worried!
The next day.

Representatives of many real estate companies came to the subway company to wait for the announcement of the results.

At the same time, a large number of reporters also came to the subway company to wait for news.

The media had already begun to quarrel beforehand, describing the development rights of the Lantian Subway Station as a battle between the 'old superman' and the 'new superman'.

Whether Lin Zuhui is considered a superman or not is no longer in dispute. It is rare in the world to be worth tens of billions of dollars at the age of 24 (imaginary). What's more, Lin Zuhui and his companies survived the stock market crash safely, which is even more impressive. Compared with Chen Songqing back then, he was more than a notch higher.

A reporter caught Chen Bin, a representative of the New Times Group, and quickly asked, "Manager Chen, is New Times Group confident of winning the bid this time?"

Chen Bin said politely: "I believe that many real estate developers here are full of confidence. Of course, the final result has to wait for the announcement. We will wait and see."

The implication is, in fact, full of confidence!

In fact, he knew in his heart that the winning bid must be New Era Real Estate, and the boss offered a sky-high price!

At this time, the New Era Group only had 5 million in liquidity in its account, but the boss had already negotiated with several banks, and the 20 billion loan could be issued at any time.The boss deliberately cheated, just to give people the impression that the New Times Group has no funds.

At this time, Zhou Zhoumao who was not far away suddenly became nervous, because he saw that Chen Bin was very relaxed, and he seemed to have a chance to win, so he had a bad feeling.

This project is very important to Cheung Kong!

First, Cheung Kong’s four housing estates are short of this one;

Second, this is a very important cooperation between Cheung Kong and CITIC.

After coming over for a while, Tang Jun, the chairman of the subway company, came out. The hall was quiet for a while, and everyone held their breath.

"Hello everyone, I am very glad that you have participated in this bidding and reporting! Our subway company is very satisfied with everyone's sincerity in this bidding. The subway project is a public project that benefits the public. Well, I will not be secretive, and now I announce: The winning bidder this time is the New Era Group, congratulations!"

Chen Bin couldn't help clenching his fists, and became happy, it really succeeded!

Next, Chen Bin went up to speak a few words on behalf of the New Era Group, and was surrounded by reporters.

The reporter is most concerned about the price tag, but it is impossible to disclose this!
"May I ask Manager Chen, did Lin Sheng regard Changshi as the biggest opponent beforehand, so he set a price accordingly!"

"No, the bidders this time are all competitors. We have never studied the possibility of a certain real estate company. Instead, we are very optimistic about the real estate industry in Xiangjiang and set a very superior price. We don't know what everyone's price is How much, but I guess it might be a thrilling victory!"

"May I ask, Manager Chen, is New Times Group's victory over Cheung Kong today the same as Cheung Kong's victory over Landmark back then?"

"You have won the prize! We didn't think too much about it. Everyone knows that our boss is a big friend of the real estate industry. He always values ​​the future value rather than the current value. I'm sorry, but I need to report the good news to the boss. Take an interview like that."

When Lin Zuhui knew that New Times Group had won the bid, a smile appeared on his face.

"This project is not only able to bring us huge profits, but I also like the nature of its large housing estate. As a real estate developer, if you don't build a large housing estate, don't build skyscrapers, or build a hotel, you won't be able to stand on the table after all. .”

Liang Zhenxun, who was sitting on the sofa, nodded and said: "The boss is right! Since the stock market crash, the New Times Group's potential has been stimulated again, and now it's time for the second round of expansion. I believe that in one or two years, we and the four major The gap between real estate companies will be greatly reduced again."

He is Lin Zuhui's core executive, of course he knows what the boss is thinking.

After the stock market crash, New Era Real Estate had more than 26 billion in cash and 25 billion in debt. Later, it spent 20 billion to buy land, exchange land rights, and old buildings. There was still more than 5 million in the account, but the debt was reduced. 2 million (sales proceeds).

But before this bidding, the boss reached a "agreement loan" with various banks and made a promise of 20 billion loans.This amount of money just covered the 110 million square feet of land on the Lantian subway station.Of course, Baoli Technology needs to invest 6 million yuan as usual, so the new era only needs 14 billion yuan.

Lin Zuhui nodded and said, "Don't worry, I am confident that starting from the 90s, I will be on an equal footing with Henderson and New World."

Powerful, Liang Zhenxun had to admit that the boss's ambitions were really great.

Anyone who says this is a joke, even Li Chaoren said it back then, it is also a joke; but as far as his boss is concerned, he has enough authority, because it only took him two years to become a billionaire, and Chen Qingsong was still It took three years.

Of course, only my boss had the last laugh!
However, when Li Chaoren learned that Changshi had lost to New Era Group, his first reaction was unbelievable.

Then, Li Chaoren immediately rushed to the subway company in person, and he wanted to ask in person where Chang Shi lost.

This is Li Chaoren's face, otherwise Zhou Zhoumao asks, the chairman of the subway company Tang Jun may not give face.

When they arrived at the subway company, Li Chaoren came directly to Tang Jun's office, and the two parties had very pleasant cooperation several times.

"Tang Sheng, can you tell me the price of New Era Group?"

Tang Jun made tea for Li Chaoren himself, and said in his mouth: "To be honest, I can't believe that price! When I opened up your price for Changshi, I actually decided in my heart that you won the bid. But until the price of New Era Group appeared , all our colleagues made incredible voices. Because of this price, there is no hope of making a profit, but New Era Real Estate has given a high price.”

"How much? Is it still more than 9 million?"

"Not bad, and the price is close to 10 billion!"

Li Chaoren had to admit that he had never thought about this price!
"Then is there a problem with their bidding documents? They haven't done any large-scale real estate projects?"

"Li Sheng, is this something we are considering? The bid is just a formality! You should understand that the real estate developer paid a high price to buy this piece of land. What he builds on it is their business!"

"Sorry, I lost my composure!"

Li Chaoren finally walked out of Tang Jun's office a little lonely. If he was allowed to do it once, he dared to raise the price to 12 billion, because he believed in the future trend of real estate!

But before the bidding, he did not believe in Lin Zuhui's 'Shark Guts', which led to the failure of this bidding, loss of a lot of profits, and some loss of credibility.

In this matter, despite Li Chaoren's business map taking shape, this project is still very important; if such a project is lost, Li Chaoren will still blame himself, because he can also foresee the future prospects of real estate.

On Wednesday, all the media in Hong Kong were reporting that Lin Zuhui defeated Li Chaoren and won the property right over the Lantian subway station.

Many media also got an astonishing news from Changshi's Zhou Zhoumao. Changshi's price tag has made this project unprofitable in the current real estate environment.

The media suddenly exclaimed: How much did New Era Group 'lose' in order to win?

In the morning, Lin Zuhui took Chen Bin and others to the subway company to sign the contract.

At the gate of the subway company, he was surrounded by several reporters squatting on guard.

"Lin Sheng, what do you think of the 'losing' bidding?"

Damn, it turned out to be a reporter from "Oriental Daily", asking such a tricky question!

Lin Zuhui said seriously, "Is the house you bought three years ago at the current price?"

The reporter couldn't refute immediately!The other reporters laughed one after another, you fool, you don't know that other people are the king of the media, can you speak up to him?

"Lin Sheng, so you are very optimistic about Xiangjiang's real estate trend?"

It turned out to be a reporter from their own media "Economic Daily"!
Lin Zuhui said with a smile: "Of course! In the August [-]th stock market disaster, stocks fell by [-]%, and real estate fell by [-]%. This shows that the potential of Xiangjiang Properties has not been exhausted. I am personally very optimistic about the market outlook. A thrilling victory means that other real estate developers also hold the same view.”

After speaking, Lin Zuhui left the scene under the protection of bodyguards.

When they came to the conference room of the subway company, Tang Jun and the others stood up happily and stretched out their right hands. This is the God of Wealth of the subway company.

"Lin Sheng, congratulations!"

Lin Zuhui responded gracefully: "Congratulations! Although we are cooperating with the subway company for the first time, I believe this is a cooperation that is satisfactory to both parties! It will also lay a good foundation for our next cooperation."

"Of course! The strength of New Era Group is increasing day by day, and it will be one of our best partners in the future."

The executives of the subway company were very surprised. Their highest expectation beforehand was 7 million, but they did not expect to get 9.88 million in the end, which was nearly 3 million higher.

And Lin Zuhui knows that there are still many opportunities in the future for the property above the subway station in Xiangjiang.For example, after the announcement of the new airport plan, the subway company has two lines of subway station superstructure properties, a project worth tens of billions.

Next, after the lawyer confirmed that the contract was correct, the two parties signed the daimyo.

The New Era Group handed over a check of 3 million yuan to the subway company, which was the booking fee, and the follow-up funds only needed to be paid in three months.Next, New Times Group will discuss the issue of land compensation with the Hong Kong government.

The land supplement fee is definitely lower than the land fee. At present, the land in the New Territories is 1000 yuan per square foot, and the price at the Lam Tin MTR station in Kowloon is about 1200 to 1500 yuan per square foot (land fee).

Lin Zuhui knows the land supplement fee well, 10 billion Hong Kong dollars will not be high!

On the day of signing the contract with the subway company, Lin Zuhui received many congratulatory calls, as if Lin Zuhui really defeated Li Chaoren.

It can only be said to be a small victory!
Surprisingly, even the Rong family of Huaxin called to congratulate and hope to cooperate with Lin Zuhui more!
It turned out that the strong rise of Lin Zuhui made Huaxin, who hoped to develop and grow in Xiangjiang, see its potential; and the development of Huaxin was inseparable from the support of many Chinese bigwigs, so Huaxin was eager to get Lin Zuhui's support. friendship.

Naturally, Lin Zuhui would not reject such a friendship, and readily agreed to the friendship of the boss of the Rong family!
Back to New Era Group.

Lin Zuhui held a small meeting with the troika of New Era Real Estate.

“蓝田项目我们只需14亿的资金钉在那里（七成占股），那么在20亿贷款到账的情况下，我们还有11亿的流动资金。再加上发行10%新股换取我的8亿现金，总计就有19亿的资金可供驱使。”

Liang Zhenxun nodded and said: "For 10% of the new shares of Chinese Land (the market value fell to 40 billion after the stock market disaster, which is far below the net asset value), New Times Group needs 4 million to claim it. Cathay Pacific City Hotel Management is privatized (market value is 11.8 billion) , needs 9 million. Funds are still sufficient!"

Chen Bin also reported immediately: "Moreover, our real estate funds have returned very quickly this year, basically more than 1 million per month. This year, New Era Real Estate's real estate development profits are estimated to be more than 7 million, and [-]% of them will be concentrated in sales after May. .”

Lin Zuhui looked at the three of them with a smile, and said relaxedly: "This year, real estate will increase by [-]%!"

Liang Zhenxun, Chen Bin, and Chen Xiaofen looked at their bosses in disbelief. In the first three months of this year, real estate was in a state of depression. Could it be that real estate is going to skyrocket from May.

Lin Zuhui added: "We need to analyze prefectures and cities from the surrounding information. In March, the Hong Kong government reduced stamp duty and banks reduced interest. What does this mean? It’s very strong, it’s time to fall but it’s not falling (reference stocks pull the ground), so the real estate market will reproduce the madness of 1985!”

In 1985, real estate only rose slightly in the first quarter, but since May, real estate has been rising all the way, with an annual increase of 4% to 5%.

The three carriages were ashamed. Although they were optimistic about real estate, they were definitely not as shrewd as the boss is now, and their analysis was so reasonable and convincing.

Chen Bin immediately said: "From this point of view, our New Era Real Estate's profit will exceed 10 billion this year. This is the first time we have achieved such a good result without non-recurring profits. The supply has never been this high this year!"

Everyone echoed that their boss started a large number of real estate projects before the stock market crash last year, in order to increase the supply of floor area in 1988.Before the stock market crash, New Era Real Estate promoted a large number of its real estate properties and returned a large amount of funds.

Now it seems that apart from his own boss, Xiangjiang has no other real estate developers with such courage and vision!
Lin Zuhui finally said: "New Era Real Estate should not stop in April and May, and continue to buy cheap land and old buildings in the market. The mere debt of 45 billion is nothing to me, so you don't need to worry!"

"Ok!"

Because New Era Real Estate has a large amount of land reserves, it has extremely strong profitability and a very high reputation; the debt is only 45 billion, and the annual interest is only 4.5 million, which is not too high a debt ratio.

If there is an opportunity, Lin Zuhui will use finance to reduce the debt of New Era Real Estate again.After the real estate started to rise in May, the stock market that followed it gradually began to regain confidence. It is expected that the Hang Seng Index will reach 3200 points by May next year.Relying on this wave of financial trends, Lin Zuhui only needs to invest in some securities and futures contracts. If he only considers the market, he will make a lot of money.

(End of this chapter)