The rise of Hong Kong's wealthy families
Chapter 270 Everyone wants to fight for the family property
Huamei Real Estate Company bid for this piece of land at a price of 710 million two years ago. The Hong Kong government took it back on the grounds that the bid was low. But now the 730 million yuan has allowed Huamei Real Estate Company to steal the show. This phenomenon is really ridiculous.
But thinking about the miraculous operations of the Hong Kong government, people in Hong Kong are not surprised.
The total area of the Admiralty Barracks is 280,000 square feet, and it is still connected together. This means that there are still nearly 170,000 square feet of land that needs to be tendered or auctioned. Of course, Huamei Real Estate Company is bound to win it, because an area as large as 280,000 square feet can only To maximize value, one plus one is greater than two.
This land was the first phase of the famous Pacific Place in later generations. It turned out that the historical Hong Kong government would put up another piece of land for auction in 1986, and it was also acquired by Swire Properties. Later, a four-story podium building (the shopping mall part) with a base was built. Four super buildings (two office buildings, three first-class hotels, luxury apartments and serviced hotels) with a total rentable area of 5 million square feet.
Of course, Huamei Real Estate Company in this life will not build any luxury apartments or a hotel. The rest will be shopping malls and office buildings.
Ho Ka-Hao asked Chen Yong to be fully responsible for the development of this land, and the plan had to take into account the 170,000 square feet of land.
"Boss, we are already landlords in Central, and soon we will be landlords in Admiralty. There are also many rent-collecting properties in Causeway Bay, and there are also large-scale properties in East Tsim Sha Tsui, as well as in Tuen Mun. Are we a bit too big to attract attention?" Chen Yong cautiously asked. He said tentatively.
He Jiahao nodded and said, "It's a bit too brilliant. Recently, we have been developing our land honestly. Except for those lands that are bound to be won, let the rest be given to our peers, or form a new company with a smaller shareholding." Try to be as low-key as possible.”
In Hong Kong today, only public consortiums such as HSBC are the opponents of the Ho family. They have far surpassed the "Five Chinese-funded Tiger Generals" in Hong Kong in 1972. Moreover, he is a younger generation and has become an idol of the younger generation in Hong Kong.
"Yes! I will make a plan for you to review as soon as I get back." Chen Yong said seriously.
Late December 1984
The MTR Corporation has re-launched the bidding for the Admiralty MTR Station Section 2 superstructure project. Large real estate companies in Hong Kong are excited about it and have formed consortiums to bid.
However, Hang Lung Corporation and New World Development were not interested in this case at all. The reason was very simple: in 1982, the two companies suffered a lot of losses in this case, and Hang Lung alone lost 160 million.
Ho remembers that in the original history, the consortium headed by Sino won this project.
Since it had just acquired the 730 million Jinzhong Bingfang land in November, Huamei Real Estate Company was naturally unable to participate in this project anymore, so Ho asked Wheelock Company, Hutchison Real Estate and Land Company to form a joint consortium, of which Land Company was the largest shareholder, accounting for Bi shares 50%, Hutchison Real Estate 40%, Wheelock Company 10%, bid for this project.
On December 28, the MTR Corporation announced that Land Corporation had won the Admiralty Section 2 subway station superstructure project for NT$610 million, accounting for 50% of the profit.
Early 1985
Liu Luanxiong visited Manulife Development Company and discussed with He Jiahao the sale of shares in Aimego Company.
"He Sheng, to be honest, the current business of Aimeigao Company is only 50% of its heyday. Although the current market value is good, it is already an empty shell. Now is the best time to cash out." Liu Luanxiong did not shy away from it. said.
What Liu Luanxiong said was very practical and a relatively righteous act.
"Okay." He Jiahao nodded. Liu Luanxiong was the younger brother he supported, and he also had the idea of quitting Amigao Company.
"I want to buy He Sheng's stock at a price of 2 yuan per share?" Liu Luanxiong asked in a questioning tone.
2 yuan is the market price. If sold at this price, He Jiahao can get back about 5,500 yuan, which is really not much money.
"Okay." He Jiahao thought for a while and asked, "Does Liu Sheng want to use the funds from the sale of Aimeigao Company to expand Letu Real Estate Company?"
Liu Luanxiong nodded slightly and said, "Sure enough, we can't escape He Sheng's eyes. Now that the city is recovering, it's time for a big fight."
"But there are no very valuable companies." Liu Luanxiong sighed.
He Jiahao smiled and said, "I heard that Cui Baiquan of Legu Real Estate Company is interested in selling 43% of the shares, but the price should not be low. I guess a premium of 100% is required."
With just three small buildings near Ice House Street in Central, Lucky Real Estate has a market value of NT$300 million. Including some property land, the market value is around NT$500 million. A 100% premium would be NT$430 million.
Liu Luanxiong swallowed for a moment. He was naturally very interested in such a high-quality company, but the price was a bit unaffordable.
In the previous life, this company was sold in 1988. Legend has it that it attracted big guys like Li Jiacheng and Zheng Yutong. One can imagine the high quality of Legu Real Estate Company.
Seeing that Liu Luanxiong didn't speak, He Jiahao continued, "The 55 million in Aimeigao Company is regarded as my investment. Liu Sheng, I will definitely make money by buying Legu Real Estate now. If I want the money, I can borrow it first and then earn it back from the stock market. But opportunities There is only one. Not many people know about this now. If it spreads and attracts others, Liu Sheng will probably spend a lot of money."
"Okay, please ask He Sheng to help me connect." Liu Luanxiong said excitedly.
He Jiahao smiled and nodded. Liu Luanxiong was a kind person who was worthy of helping. Moreover, after taking the shares, He Jiahao could also make a little profit.
On the third day, He Jiahao contacted Cui Baiquan, with He Jiahao's blessing. Although Cui Baiquan wanted to introduce other people to compete, for the sake of He Jiahao's face and the price was good, Cui Baiquan gave He Jiahao face.
After all, Cui Baiquan did not completely disappear from Xiangjiang. He just transferred most of his property to Australia, and a small part remained in Xiangjiang. This requires tycoons like Ho Jiahao to take care of him.
A few days later, Luo Qiqi gave birth to a boy, He Jiahao's eldest son.
The Luo family laughed from ear to ear and took the opportunity to ask for a lot of things from He Jiahao. He Jiahao was also generous and gave tens of millions in cash and several private properties.
He Muhan also appeared at No. 1 Pak Ka Road and wanted to hug his brother. Unfortunately, the Luo family was worried that this was Chen Yulian's conspiracy, so they did not let the two siblings get close.
Seeing this, He Jiahao directly carried his son He Zeqi over and let He Muhan tease him.
This made the Luo family look at each other, but they didn't dare to step forward to stop He Jiahao, or even say anything wrong.
"My brother is so ugly!" He Muhan poked He Zeqi's little face with his finger and said with a smile.
"Newborn babies are like this, and you were like this before." He Jiahao said with a smile.
He Muhan immediately pouted and retorted unhappily, "I'm not the one. Others say I'm pretty. I don't want my brother to be so ugly."
"Haven't you seen the photo of you when you were born?" He Jiahao continued to tease He Muhan, the spoiled 'eldest princess'.
"Huh! Dad is so bad, I don't care about him anymore."
When the Luo family saw this scene, they were a little worried about whether He Zeqi could win Chen Yulian's house in the future.
Xue Wanling said straightforwardly, "Dad, what should I do? Ah Hao loves this He Muhan too much."
"There are still twenty years left. Take your time. It's too early to say this now." Luo Ruhai was also worried, but he couldn't say it directly.
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