Baiyue Cave Master

Chapter 584 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 she doesn't have much morning sickness and 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, I am still in the investment stage every month. I have net expenditures every month and have no profit.

Therefore, the group company's account now only has 4.6 million Hong Kong dollars in funds.

Of this, 4 million yuan is to be paid to the supplier of premium rice.

In addition, the group needs to reserve approximately 3000 million yuan in funds to ensure the normal operation of the group.

Therefore, the company can only mobilize 3000 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 at 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 plots of land in Deep Water Bay are also luxury residential plots in Hong Kong’s top wealthy area. They are very integrated and we must take them down if possible.

The second is the plot 95 near Hung Hom and the plot 106 in Sai Wan, both of which are very high-quality plots.

The second is the plot of land No. 139 opposite Harbour City in Kowloon. Since our company's headquarters will be moved to Tsim Sha Tsui next year,

Then our company should not miss out on this piece of commercial 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,

Our company does not have enough funds this time, so we can buy it or not.

Anyway, if we buy it, it will only serve as our company's land reserve in the near term, and we won't have funds to develop it."

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 acquire these four luxury residential plots on Barker Road in Victoria Peak and Deep Water Bay.

The second is the commercial land opposite Harbour City, which is also the target of our land auction this time.

Again, 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.

So we have to be prepared this time and buy these plots of land at any 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,

But these plots of land are too small. According to the current market price of Hong Kong real estate,

The Deep Water Bay luxury residential land company wants to secure the land and estimates that each plot of land will require HK$80 to HK$100.

The luxury residential land on Barker Road in Taipingshan is difficult for Chinese to obtain the residency qualification here because the people living here are basically white people with power.

So I expect the auction price to be higher.

If we only calculate based on the normal market price, it is estimated that the land for luxury houses on Barker Road in Victoria Peak will be between 150 million and 200 million Hong Kong dollars.

However, considering the social status and family reputation, the price of the property at Barker Road in Taipingshan 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 company to prepare a budget of HK$1000 million for each plot of land.

This will avoid any unexpected situations.”

Even Wang Yuanchao knows how rare and precious the luxury houses on the Peak are.

The wealthy Chinese businessmen and wealthy Chinese families in Hong Kong must be more aware of how scarce the land is. Therefore, Wang Yuanchao agreed with Ouyang Yuanfang's analysis and believed that it would be a tough battle for these two pieces of land.

“What about the plot of 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 ​​133334 square meters.

Now the second phase of Harbour City has been completed, boosting the commercial and land value there.

Although the land market in Hong Kong is sluggish now, the market price of this piece of land is around 1500 yuan per square meter.

But this piece of commercial land does not have the symbolic value like the land on Barker Road in Taiping Peak.

It only has pure commercial value, so I personally expect that if the auction price exceeds 1500 per square meter, there will not be many real estate developers who will continue to follow up.

So if we want to bid for this piece of land, we estimate that the company will need to prepare HK$2 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 2 million yuan to the premium rice supplier. I will communicate with the supplier to delay the payment of the remaining 2 million yuan by a few hundred million yuan.

By the end of the year, we will pay them all the money they need for this year’s goods 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 2.6 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 shouldn't be any problem with 2.6 million yuan.

Although there are many wealthy people in Hong Kong, there are not many companies that can seriously come up with so much cash.

Moreover, the bulk of the land purchase funds were for 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."

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like