Chapter 554 Land Auction Goals
"Minister Liu, the Hong Kong government will hold a land auction tomorrow. How much money can our company mobilize to buy land?"
Liu Qianqian's belly is now showing, but luckily the morning sickness is not serious, so she can go to work normally. "Boss, among all the subsidiaries of the group, only the import and export trading company is profitable. Whether it is clothing manufacturing, real estate development, or my own security company, it is still in the investment stage every month. Every month is a net expenditure, without any profit, so the group company's account now only has 460 million Hong Kong dollars in funds,
Among them, 400 million yuan is to be paid to the supplier of premium rice for purchase. In addition, the group needs to reserve about 30 million yuan to ensure the normal operation of the group.
Therefore, the company can only mobilize 30 million Hong Kong dollars in funds now. "
When Wang Yuanchao heard that the company's financial situation was not optimistic, he took a sip of tea from his cup.
He took out a Cuban cigar from the drawer, cut it, lit it and took a puff. He kept tapping his right fingers on the desk.
After a while, he said:
"General Manager Ouyang, have you looked at the land data for this land auction?"
"Boss, I've already seen it."
"Which plots of land do you think should be the best targets for our company in this land auction?"
After Ouyang Yuanfang thought about it, she said:
"Boss, at this land auction, the Hong Kong government has put up two rare luxury residential plots, No. 28 and No. 35 Barker Road, The Peak. Now that we have come across them, we must not miss them. In addition, No. 66 and No. 68 in Deep Water Bay are also luxury residential plots in Hong Kong's top wealthy areas. They are very complete. If possible, we must take them down.
The second is Plot 95 near Hung Hom and Plot 106 in Sai Wan, both of which are very high-quality plots of land. The third is Plot 139 opposite Harbour City in Kowloon. Since our company's headquarters will be moved to Tsim Sha Tsui next year, we should not miss out on this commercial plot of land opposite Harbour City in Tsim Sha Tsui.
As for the land in Mong Kok, New Territories, Tseung Kwan O, North Point and Yau Ma Tei,
This time our company does not have enough funds, so we can buy it or not . Anyway, if we buy it, it will only be used as land reserve for our company in the near term, and we will not have funds for development. "
Wang Yuanchao is interested in the luxury residential land in Barker Road and Deep Water Bay, because he knows that in another 20-30 years, any one of these four luxury residential lands would start selling for at least tens or hundreds of billions of Hong Kong dollars.
Moreover, the land for luxury homes in Victoria Peak and Deep Water Bay is very scarce and has no buyers.
In the future in Hong Kong, a family that does not have a luxury house in Victoria Peak or Deep Water Bay cannot be called a wealthy family in Hong Kong.
Therefore, Wang Yuanchao was determined to win the four luxury residential plots in Taipingshan and Deep Water Bay at this land auction, so he said: "Our company is determined to win these four luxury residential plots in Barker Road, Taipingshan and Deep Water Bay.
The second is the commercial land opposite Harbour City, which is also the target of our land auction this time. As I said before, these plots of land will be important land reserves for our company in the future and will also be very important assets for the company in the future, so we must be prepared this time and bid for these plots of land regardless of the cost. "
"Okay, boss."
"General Manager Ouyang, please roughly estimate the transaction price of the pieces of land I mentioned, and estimate how much funds our company will need to prepare tomorrow."
“Although the luxury residential land in Barker Road, Victoria Peak and Deep Water Bay is scarce and precious, these plots of land are too small. According to the current market price of Hong Kong real estate,
The Deep Water Bay luxury land company wants to ensure that it will be acquired. It is estimated that each piece of land will cost 800,000 to 1 million Hong Kong dollars.
The luxury land on Barker Road in Victoria Peak is difficult for Chinese to obtain the qualification to live here because the people living here are basically white people and rich people.
So I expect the auction price to be higher. If we only calculate it based on the normal market price, the price of the luxury residential land on Barker Road in The Peak is expected to be between 1.5 million and 2 million Hong Kong dollars. However, considering the social status and family reputation, the price of Barker Road in The Peak may be unpredictable.
Therefore, I personally think that for the two plots of land on Barker Road in The Peak, it would be more appropriate for the land company to prepare a budget of HK$10 million for each plot, so as to avoid unexpected situations.
Even Wang Yuanchao knows how rare and inadequate the luxury homes on The Peak in Hong Kong are. So the wealthy Chinese businessmen and wealthy Chinese families in Hong Kong must know how scarce they are. Therefore, Wang Yuanchao agrees with Ouyang Yuanfang's analysis and believes that it will indeed be a tough battle for these two pieces of land.
"What about the land opposite Harbour City in Tsim Sha Tsui? How much money do you expect to need to prepare?"
Ouyang Yuanfang adjusted the frame of her glasses with her right hand, and after a rational analysis, she said, "Boss, the commercial land opposite Harbour City this time has an area of 200 acres, with a total area of 133,334 square meters.
Now that Harbour City Phase II has been completed, it has boosted the commercial and land value there. Although the land market in Hong Kong is sluggish, the market price of this piece of land is around HK$1,500 per square meter. However, this piece of commercial land does not have the symbolic value of the land on Barker Road in Taiping Mountain. It only has pure commercial value. Therefore, I personally estimate that if the auction price exceeds HK$1,500 per square meter, there will not be many real estate development companies that continue to follow up. Therefore, if you want to bid for this piece of land, it is estimated that the company will need to prepare HK$200 million in funds. "
When Wang Yuanchao heard this, he kept smoking a cigar, drinking tea, and fell into deep thought.
After a while, Wang Yuanchao looked at Ouyang Yuanfang, Liu Qianqian, Xie Sha and Liu Meng who were sitting motionless opposite him, and said with a sigh:
"Minister Liu, our company will first pay 200 million yuan to the premium rice supplier. For the remaining 200 million yuan, I will communicate with the supplier and delay the payment by a few hundred million yuan. By the end of the year, we will pay them all this year's payment in one lump sum."
Liu Qianqian felt that this decision would put too much financial pressure on the company, but Liu Qianqian was already used to following Wang Yuanchao's arrangements, so Liu Qianqian frowned and did not persuade Wang Yuanchao, but replied: "Okay, boss, I understand."
Wang Yuanchao nodded and continued to say to Ouyang Yuanfang:
"General Manager Ouyang, the company is preparing 260 million yuan to acquire all the commercial land in Barker Road, Taipingshan, Deep Water Bay, and opposite Harbour City. Do you think there is any problem?"
When Ouyang Yuanfang heard Wang Yuanchao, her heart sank and she felt a great deal of pressure.
Then he calmly analyzed the situation carefully before answering:
"Boss, I think there should be no problem with 260 million yuan. Although there are many wealthy people in Hong Kong, there are not many companies that can come up with so much cash. Moreover, the bulk of the funds for the land purchase are for the commercial land opposite Harbour City.
As we all know, commercial real estate is one of the most difficult and slowest real estate projects to sell.
So the price, I think the company has so much cash, it's not a big deal.
As for the land in Barker Road, Victoria Peak and Deep Water Bay, I believe there will be no problem given the financial advantage."
Wang Yuanchao patted the table and decided:
"Okay, at the Hong Kong government's land auction tomorrow, we will do our best to acquire these plots of land. The meeting is adjourned."
(End of this chapter)
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