Hong Kong Island's wealthy era

Chapter 21 Real Estate Tycoon
Neither party expected that the deal would be finalized in just one meeting.

In fact, the biggest reason for this is: Lei Liquan is very sincere and does not want to make ink for millions of Hong Kong dollars. He just wants to spend less money in the future, so as not to worry about being intercepted and losing more.Perhaps this is the power of Goldfinger.

Swire feels that the land price has reached expectations and there is no need to be coy.As long as real estate prices increase, there is no need to fear that no one will take over the Saixi Lake plot.

The two parties signed an agreement of intent on the spot, which is equivalent to the deal being finalized, leaving only the subsequent details to be finalized by the two negotiators.

Within two days, the two parties finalized a formal agreement.

Thunder Development officially announced that it will enter the development of housing estates and seek new profit growth points.

……

It's almost the end of 74, and the real estate industry has reached rock bottom and is just waiting to rebound.

Therefore, for Lei Liquan, now is the best time to buy at the bottom. Property prices in Hong Kong must not fall to the current market price in the next few decades.You earn it when you buy it, so you have to buy another property.

Lei Liquan called Lin Changming to explore the Hong Kong real estate situation again.Go see what other buildings are for sale.

Lin Changming was very efficient and found out an important piece of news within a few days.

Urban Real Estate, a well-established real estate developer in Hong Kong, is selling Lai Ching Building and Global Building in Central.

The boss of Urban Real Estate, whose surname is Gao, is a contemporary of Lei Liquan's grandfather Lei Reed. He is only seven or eight years younger than Lei Reed, but he is now in his seventies.

He started by building tenement buildings, and later invested all his wealth in these two buildings in Central.

Because of this, the development of Urban Real Estate was hindered and the first golden period of the Xiangjiang real estate industry was missed. Therefore, the two Central buildings of Urban Real Estate now constitute the majority of the company's assets.

The boss of Urban Real Estate is old, and his descendants have immigrated to Canada and have their own businesses there, and have no intention of taking over his family business in Hong Kong.

Therefore, I want to buy real estate and go to my children to enjoy family happiness.

The two most valuable buildings in urban real estate are the two Central buildings. The Lai Ching Building is also located on Queen's Road, and the Global Building is located on Des Voeux Road in Central.

These two buildings are also old-fashioned buildings, with a height of no more than 12 floors. The Laijing Building has 12 floors and the Global Building has 10 floors.

In fact, what caught Lei Liquan's attention was not that these two buildings were for sale, but that Li Chaoren was contacting Urban Real Estate to acquire these two buildings.

Historically, it was also in 74 that Li Chaoren invested in Urban Real Estate through additional stock issuance and then gradually eroded it into his pocket.

I originally thought that it was almost the end of 74, and Li Chaoren should have reached a deal with Urban Real Estate, but I didn't expect that they were still negotiating.

In this case, Lei Liquan felt that he had to intervene.

Lei Liquan actually wanted to kill Superman because he didn't want Li Superman to get his way.

Lei Liquan is also eager to own these two Central buildings.

Xiangjiang is just a small place. If you want to succeed, you must steal other people's luck.

Now that he had made up his mind, Lei Liquan did not delay and immediately asked Lin Changming to contact Urban Real Estate.

On the other side, Mr. Gao of Urban Real Estate was a little confused after receiving an invitation from Lei Liquan to purchase the Lijing Building and Global Building.

He had also heard that Lei Liquan spent more than 1 million Hong Kong dollars to purchase two high-quality Central buildings. He did not expect that he still had funds to buy buildings now.

This is really good news.

Now Urban Real Estate is also negotiating with Li Chaoren's Changshi, but Li Chaoren is too shrewd and always wants to keep the price as low as possible. This negotiation has been going on for almost half a year and is still dragging on.

I really don’t want to talk to Li Chaoren anymore.

Now that the wealthy Lei Liquan is also involved, it is the best for urban real estate. Even though he is retired, he hopes to find more pension money.At this time, although Cheung Kong was also known as one of the Five Tigers of Chinese real estate, it was ranked at the bottom.

Li Chaoren is indeed capable and visionary. In 72, when the stock market and real estate were at their peak, Changshi was listed on the stock market and raised a large amount of funds.

In the past two years, when real estate plummeted, Li Chaoren also carried out bargain hunting.

Li Chaoren also spent money to buy properties, and successively bought the Chung Lien Shing Building on Queen's Road and the Chung Hui Building in Kwun Tong.

Now Li Chaoren wants to plant his flag in Central and start moving towards high-end office buildings.

In fact, Li Chaoren did not do this intentionally. He kept lowering the price of urban real estate, and he really couldn't get the money out.

Even if the negotiation with Urban Real Estate is successful this time, Li Chaoren will have to issue new shares to have the money to win.

Li Chaoren was originally in no hurry, but Lei Liquan suddenly came into contact with Urban Real Estate.

I have been talking to each other for almost half a year, and now you suddenly come out and want to cut off the relationship. You are too ungrateful.

The current Li Chaoren is not yet Li Bancheng, he is only slightly famous in the real estate industry.

Regarding Lei Liquan's sudden intervention, Li Chaoren had no good solution. The main reason was that he had no money.

After several communications with Urban Real Estate, Li Chaoren gave up.

Lei Liquan offered a condition that Li Chaoren really couldn't come up with: full cash payment to buy the Central Building owned by Metro Real Estate.

Lang has love and concubine intentions.

Negotiations on the two buildings were accelerated, and the final result of the negotiations was that Lei Liquan spent 7200 million to purchase the Lijing Building and Global Building in Central owned by Metro Real Estate.

……

Lei Liquan went bankrupt.

The company originally had only 6 million in cash flow on its books, but Taikoo Valley and this transaction caused Lei Liquan's capital to bottom out.Lei Liquan also asked his father for a short-term (six-month) loan of 2000 million, emptying his own pocket before paying off the purchase price of Urban Real Estate.

……

Originally, Thunder Development Company was once again optimistic about a good piece of land, namely the former British American Tobacco Company site on Gloucester Road in Wan Chai's coastal area. This land has a total area of ​​9.2 square feet and can be used to build two commercial buildings, totaling approximately 80 square feet. ft commercial buildings and shops.The asking price of this piece of land is HK$9800 million. If not for the sluggish real estate market, it would be difficult to buy such high-quality land at this price.

The deal was almost settled, but Lei Liquan urgently stopped it because we were really out of money.

In a previous life, this land was bought by a joint venture company composed of Cheung Kong Holdings, Sun Hung Kai, Hang Lung, Chow Tai Fook and other companies in 1976, and the Elizabeth Building and Locke Building were built. The two buildings were sold in 1978 at more than HK$400 per square foot. A total profit of HK$1 million was made, of which Cheung Kong Holdings held 35% of the shares and a profit of HK$3500 million.

……

Lei Liquan actually found his own serious shortcoming, that is, without owning a listed company, he could not pump water from the stock market to grow and develop.

Starting next year, the stock market will begin to recover. In the future, all Chinese real estate tycoons will continue to strengthen themselves by: raising asset valuations, releasing benefits, raising stock prices, and concentrating on rights issues.

From next year until 81, the Hong Kong stock market was booming.

Next year is the time to go public via backdoor listing.

Taking the Chinese Bank as an example, Lei Liquan planned to start reconstruction in 1975, with a total investment of about 2 million Hong Kong dollars. However, the Chinese Bank could only provide Lei Liquan with 24 square feet of rental property. Why is the cost so high? The Banking District in Central is the headquarters building of the Thunder in the next ten years, so it cannot be too stingy.

……

Lei Liquan became a real estate tycoon owning four Central buildings.

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(End of this chapter)