Chapter 268 What a sin!



After Xie Wan sat down, she secretly looked around the auction venue and saw a familiar face, the richest man Li Chaoren who often appeared in the headlines of various financial magazines and newspapers.

This Mr. Li is quite an extraordinary person. He made his first fortune by doing plastic flower business in the 1950s.

In 1971, it entered the Hong Kong real estate industry and the following year, Cheung Kong Industries was listed on the stock market.

As soon as Xie Wan arrived in Hong Kong, he bought 50,000 Hong Kong dollars worth of Cheung Kong Holdings shares.

At that time, she didn't know that she would raid Lu Le's vault in the next few days.

However, that 50,000 Hong Kong dollars should be able to multiply dozens of times in just two or three years.

Xie Wan really admired Li Chaoren's investment vision.

Xie Wan had read the complete biography of Li Chaoren and was well aware of his rise to fame.

Li Chaoren really started to get rich in 1978 when he cooperated with HSBC and purchased 22.4% of the shares of Hutchison Whampoa.

He used most of those docks and ports to develop real estate and made a fortune.

In the early 1980s, it officially entered the mainland market.

In 1984, the first mainland store was opened in Shekou, Shenzhen.

In 1992, he began to invest heavily in the real estate economy in the mainland.

By 2013, he had sold off a large number of assets in Hong Kong and the mainland, cashing in 12.9 billion yuan and transferring the money to Europe.

This person is terrifying. You can say that he is just an emotionless money-making machine.

Guo Desheng said that Li Chaoren also took a fancy to Plot No. 1, so it looks like the two of them will have a fight today.

Xie Wan also saw a younger familiar face.

Isn’t this Li Zhaoji, the former owner of the land in Sha Tin that he has his eyes on?

The man who made 40 billion with 20 million?

It seems that today is really a gathering of heroes in the real estate industry!

Xie Wan started to get a little excited. Should he keep a low profile today, or cause some trouble for these big guys?

Xie Wan thought about the 100,000 resentment points that Lu Le had given him in the past two days, and felt that it was really good.

If there were more people like Lu Le, he wouldn't have to worry about not having enough resentment points to spend.

Let’s try it later and see who has a stronger resentment value, then pick on that person’s business and cause some trouble.

Anyway, we have a lot of money, so we are not afraid of not being able to pay in the end.

The auction began, and officials from the Port City Land Management Bureau presided over the auction.

The atmosphere was obviously much more serious than that of Christie's auction.

The official first made a speech, looking forward to the economic development of the port city, and mentioned this auction. In order to promote the activity of the real estate market, the starting price of several plots of land will be reduced by 20%.

Among them is Plot No. 1 that Guo Desheng and Li Chaoren have their eyes on.

Unfortunately, the plot No. 3 that Xie Wan had his eyes on still had a starting price of 10 million.

Perhaps it’s because that piece of land is relatively remote and the British Hong Kong government is not in a hurry to develop that area now.

At the beginning of the auction, the host showed the topographic map of Plot No. 1, its area, land exploration and other information, and announced the starting price of 42 million.

This piece of land has been sold at a low price three times.

When the host said the auction had begun, the whole audience was silent and no one immediately made a bid.

There was an eerie silence in the conference hall.

Even Guo Desheng and Li Chaoren, who wanted the land, remained silent.

The officials were a little anxious.

It won’t fail to sell as soon as it starts, right?

This is actually a common trick used by businessmen like Guo Desheng and Li Chaoren.

They are putting psychological pressure on the authorities.

If they had not exerted psychological pressure three times in a row, the reserve price of this land would not have been reduced.

Xie Wan looked left and right curiously and felt that he had learned something.

The host anxiously emphasized again how excellent the geographical location of this land is.

Still no one bid.

This area is a core location that the British Hong Kong government is planning to focus on developing, and the British Hong Kong government does not want this land to remain idle for a long time.

The official wiped a cold sweat and helplessly hinted to the host that he could withdraw this piece of land and move on to the next piece of bidding. Only then did someone make a bid.

Xie Wan didn’t know the person who made the bid.

"42 million." The man raised the sign hesitantly, as if this piece of land was quite worthless.

The officials breathed a sigh of relief.

Finally, it doesn’t have to be sold at a loss again. 42 million is 42 million. Anyway, these lands will not belong to the British in the future.

All they have to do is take the money.

However, something unexpected happened: the venue began to thin out and people gradually started to raise their prices.

The limit for each price increase is 50,000. These people are very restrained and actually increase the price by 50,000.

During the entire process, neither Guo Desheng nor Li Chaoren made any bid.

It can be seen that these bidders are all prepared to pick up bargains.

Everyone has seen the value of this land, but because of the economic crisis in the past two years, cash flow is tight and banks are unable to lend money, so everyone is reluctant to put such a large sum of money on this piece of land.

You have to know that not only the land itself is expensive, but the investment in development is even more expensive.

Just as Guo Desheng had previously estimated, he wanted to build a hundred-story building, which would require an investment of at least 700 million yuan.

At that time, the market value of Xinhongji was only 400 million.

At that time, the market value of Li Chaoren's Cheung Kong Industries was only 200 million.

However, it would be a waste if such a piece of land were developed into an ordinary building.

Because of this, Guo Desheng has not developed the land after getting it.

Instead, as the price of the land increased, they used it as a fixed asset and continuously mortgaged it to the bank to develop other real estate projects.

It was not until he died that his son began the work.

This chapter is not over yet, please click on the next page to continue reading!

Continue read on readnovelmtl.com


Recommendation



Comments

Please login to comment

Support Us

Donate to disable ads.

Buy Me a Coffee at ko-fi.com
Chapter List