Reborn Tycoon Rise
Chapter 348 Earth King Auction (4)
The one-time increase of 500 million indeed shocked many people present, but for the big guys who really knew the price of this land, it was nothing. Instead, they felt that Li Jiacheng did a good job, otherwise the price increases would only It will just waste more time.
After Li Jiacheng finished bidding, he looked calm and could not see any disturbance. Although there were many competitors this time, he was also prepared.
Since losing Hutchison Whampoa, Cheung Kong's investments have become more aggressive in recent years. A large amount of its land reserves have been used to develop residential buildings, and housing prices have tripled in six years. Cheung Kong's profits can be as high as in Hong Kong. Ranked in the top ten, the market value is also among the top three among real estate companies, and it is the well-deserved number one among Chinese!
Several major Chinese business groups started fighting with each other, and Li Jiacheng's one-time increase of 500 million made Bao Fuda frown. Among all the people present, there were only two people who worried him. One was that the assets behind him were no less than those of the entire Jardine. Xu Zhi of the department, and the other one is Cheung Kong Holdings. In terms of scale, Cheung Kong Holdings is indeed not as good as Land, but it has the full help of HSBC behind it. If this power breaks out, it will also pose a great threat.
"3.3 billion." The calm on the field was quickly broken. Lee Shau Kee raised the sign and shouted loudly.
"3.5 billion." Li Jiacheng didn't give in at all.
"3.6 billion." Guo Desheng glanced at a few people and reported his price.
The scene has become completely lively. The three major Chinese consortiums are fighting to the death for the largest piece of land auctioned in Central in the past ten years.
"4 billion." Li Jiacheng revealed his price again.
Li Zhaoji frowned and did not continue to bid. Instead, he glanced at Xu Zhi and several senior executives from British companies in the distance.
Guo Desheng didn't follow him anymore. He just sat in his seat and meditated. He didn't know whether he had given up or was thinking about something.
"4.5 billion." Xu Zhi raised his sign, glanced at Li Jiacheng, smiled and nodded in greeting.
"Another 500 million added!"
Everyone's heart trembled. Although this piece of land has a good location and a large area, 4.5 billion Hong Kong dollars is a huge figure that many people here can't reach in a lifetime. Even if there is bank financing, but 4.5 billion, When it comes to buying a piece of land, few companies are qualified to do so.
Li Jiacheng also frowned. This price was actually the limit of what he could bear. If there was no competition, it would not be impossible to win the land at this price, but obviously the other party would not let it go so easily, let alone There is also the Jardine Matheson Group, which is watching eagerly.
In fact, he can see the value of this land, and he also believes in the future of Xiangjiang. He will not lose money if he buys it at a price of 4.5 billion or even higher, but he is unwilling to invest the money elsewhere. He would earn more, and he didn't dare because it would be extremely risky. The profit from taking this land would be very high, but a huge loan would also bring huge liabilities.
To him, this is equivalent to putting more than half of the eggs in a cage. No matter how strong the outside of the cage is, he will not take this risk.
Seeing that Li Jiacheng didn't respond, Xu Zhi looked at the Swire Group and Land Group aside.
Although the overall strength of the Swire Group behind Swire Group is not much worse than that of Jardine Matheson, its main asset is Cathay Pacific Airways. In terms of real estate, it is not a rival to Land. Before the Land King auction, it had already acquired 2 pieces of land, a large one. A small one, and the total amount exceeded HK$1.5 billion. At this moment, the King of Earth is auctioning, he seems to be just watching the excitement and has no intention of ending.
Bao Fuda frowned and faced Xu Zhi head-on. This was what he least wanted to see, but time waited for no one.
"4.5 billion, once! Is there any more bid?" The auctioneer saw that no one raised the bid for a while. Although he hoped that there would continue to be competition, according to the rules, he still had to count down three times when the time was up.
"4.6 billion!" Bao Fuda said, holding up a sign.
Xu Zhi glanced at Bao Fuda and Niubijian, raised the sign again and said: "4.8 billion Hong Kong dollars!"
This price has exceeded the original price of this piece of land in history. The former Land Group won this prime land king for 4.75 billion Hong Kong dollars.
"4.9 billion." Bao Fuda did not give in at all.
"5 billion." Xu Zhi bid again, raising the price to five.
Everyone was quiet at this moment. This was a battle between the two top financial groups in Hong Kong. Although the so-called real estate five tigers had gained momentum in recent years, they were not qualified to join this fight.
"5.1 billion." Bao Fuda raised his sign again, but his fists were already clenched.
Xu Zhi was silent for a while, and when the auctioneer was about to call the number again, he raised his sign and said: "5.2 billion."
Bao Fuda did not raise the sign immediately, and glanced at Niubijian next to him. Both of them frowned, seeming to be very hesitant. Finally, Niubijian said softly, and Bao Fuda raised the sign again and said: "5.3 billion. "
Xu Zhi smiled, picked up a bottle of "Golden Bull" can next to him, and opened the buckle with a "pop" sound. The sound was very clear in the venue at this moment.
When the auctioneer saw that Xu Zhiyang did not continue to increase the price, he could only shout:
"5.3 billion, this is the first time. Does anyone raise a sign again?"
"5.3 billion...for the second time!"
…
"5.3 billion
…
The third time, deal! "
With the sound of the hammer, the most expensive piece of land in the entire history of the world was sold. 5.3 billion Hong Kong dollars, which is almost 1.1 billion US dollars based on the current exchange rate of US dollars against Hong Kong dollars.
1.1 billion US dollars, in 1982, this was an astronomical sum!
The mainland next door currently has a yearly foreign exchange reserve of almost 2 billion U.S. dollars, and the entire mainland's annual exports (including all industrial products, mineral resources, and oil) are only over 20 billion U.S. dollars.
Panasonic, the Japanese electronics giant, has products all over the world, and its annual profits are only about US$500 million.
General Electric, one of the top ten global companies, had an annual net profit of US$1.3 billion last year.
Just a piece of land can be sold at such a high price. How many governments can refuse the temptation?
5.3 billion Hong Kong dollars, with a total land area of 144,000 square feet, and the price of one square foot is HK$36,000. The average price has also broken the global record. In the later years of the Mainland, although the real estate bubble was serious, even in the first-tier cities, there was never any land. The price of land can exceed this price, and compared with the average salary, the current per capita monthly salary in Hong Kong is only 1,000 Hong Kong dollars, which is equivalent to about 200 US dollars!
Although he did not obtain this piece of land, Xu Zhi is still quite happy. Compared with the original history, Land spent 600 million Hong Kong dollars more, and the liabilities in the future will inevitably be more serious. This is for the people who have already begun to secretly acquire Land and Jardine shares. He said that was a good thing.
"Congratulations to Mr. Newbijian and Mr. Bao Fuda for obtaining such a treasure." Xu Zhi walked to the two men and congratulated them with a smile.
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