Chapter 102 Land auction in prime area of Xiangjiang Central District!
Soft spring breeze, warm sunshine.
Yang Ming and Kayla sat in the garden, admiring the distant mountain scenery and enjoying a sumptuous afternoon tea.
"Mr. Yang, do you know the first land auction in Xiangjiang this year?" Keira put down the coffee cup in her hand and asked.
The first land auction in Hong Kong this year?
Prior to this, the Xiangjiang Governor-General's Office had actually been conducting land auctions, and the revenue obtained was used as financial income.
In 1975, stimulated by the concept of real estate industry recovery, the total area of land auctioned reached 376,600 square feet, and the total auction price was HK$50 million. When converted into square meters, it reached HK$1,200 per square meter.
In 1976, the total area of land auctioned in Xiangjiang rose to 543,600 square feet, and the total auction price was as high as 440 million Hong Kong dollars. The low ground price was as high as 7,000 Hong Kong dollars per square meter.
Last year, in 1977, the number of land auctions in Xiangjiang reached a new high, with a total area of 933,600 square feet, or 103,629,600 square meters, and a total auction price of HK$1 billion.
After calculation, the average price per square meter is as high as 10,000 Hong Kong dollars.
In 1977, the land area in Xiangjiang was as high as tens of thousands of Hong Kong dollars. Globally, ground prices were already very high. If the land was converted into commercial housing, the housing prices might double or even several times.
It is precisely because of that that real estate in Xiangjiang is currently soaring.
but.
Before the 1970s, land auctions in Xiangjiang were basically monopolized by British capital, led by the Four Ocean Banks.
After the 1970s, Chinese capital in Hong Kong rose, such as Li Jiacheng's Cheung Kong Holdings, Kwok Desheng's Sun Hung Kai Properties, Wu Yingxiang's Hopewell Holdings, Chen Zangxi's Hang Lung Group, Chen Detai's Dah Cheong Properties, Cheng Yutong's New World Properties, and Li Zhaoke's Henderson Land. , Wang Dehui’s Chinachem, Causeway Bay Lee Family Real Estate.
These increasingly large-scale Chinese investments are basically related to the real estate industry.
Mid to late seventies.
Even without Yang Ming's appearance, Xiangjiang's Chinese capital and British capital were already evenly matched.
Historically, after the 1970s, Li Jiacheng and Bao Yugang received the support of Huifeng Bank. After these two companies swallowed up Hutchison Whampoa, Wharf, and Wheelock respectively, Chinese capital has surpassed British capital.
However, Yang Ming knew.
Now at the end of the 1970s, real estate in Xiangjiang suddenly soared. In fact, there was a big crisis in it.
After all, no matter how crazy real estate is, if real estate prices are now increasing several times a year, it is because a large amount of hot money flows into Hong Kong from Nanyang and other places.
As long as there are some blows, Xiangjiang real estate and even the financial industry will suffer a big blow.
As for the auction of the first piece of land in Xiangjiang this year, Yang Ming really didn't pay much attention to it because he had been busy acquiring Wharf and Hutchison Whampoa.
"Mr. Yang, this auction land is a prime piece of land in the Central District, located near the headquarters of Huifeng Bank Building."
"Yeah?"
There is a lot of land in Xiangjiang. Like Kowloon and the New Territories, there is not much land that has not been developed.
However, for example, the Central District of Xiangjiang is already the most prosperous area in Xiangjiang. Basically, there is only one area that is missing.
Like before, Li Jiacheng cooperated with Huifeng Bank. After Huifeng Bank demolished the old Chinese Bank building, Li Jiacheng's Changchun Industrial Group rebuilt it.
In the end, the new Chinese Bank Building was swallowed up by Li Jiacheng at a cheap price. Later, the Chinese Bank Building became one of the most valuable buildings of Li Jiacheng and Changchun Industrial Group.
“I’m afraid many real estate developers will participate in the bidding for this piece of land.”
Such an important piece of land, real estate developers will drool when they see it.
Especially now, not only the land prices in Xiangjiang have doubled every year, but house prices have also soared.
Chen Songqing of Jianing Group used this method to resell the houses in his hands and accumulated a lot of funds.
When Yang Ming heard that he was interested, he naturally considered the Empire Group headquarters building.
The Empire State headquarters now rents a floor in the Federal Building.
Even though there are not many employees, the Empire Group will continue to rent office buildings in the Federal Building, which will certainly satisfy it. However, as the Empire State Group grew, continuing in the Federal Building was definitely not an option.
The piece of land Kayla was talking about is located in a prime location in the Central District of Xiangjiang and is not far from the Huifeng Bank Building Headquarters.
Yang Ming knew that there was nothing wrong with taking it down.
"I remember there were newspaper reports a few days ago."
At Keira's reminder.
Yang Ming asked Azhu and Zhong Chuhong to dig out those old newspapers.
The two women actually took out old newspapers from the past few days, which reported on the land auction in the Central and Western District of Central.
Zhong Chuhong handed the newspaper to Yang Ming.
Yang Ming looked at it in detail.
The more I look at it, the weirder it becomes.
This is not only Murray House, but also the location of the later famous Bank of China Building in Hong Kong.
Murray House used to be a prison and execution ground, where many people died. Later, it became the office of many departments in Hong Kong. There have been reports of hauntings, resulting in poor rental properties there.
However, it is located in a prime location, and many real estate developers have already targeted this piece of fat.
"Meili Building?" Yang Ming asked.
"Mr. Yang, it is indeed there."
Kayla thought Yang Ming had heard the legend that the place was haunted.
This is how it spreads in many places in Hong Kong, including the current Happy Valley in Hong Kong. However, every time there is a horse race, hundreds of thousands of people will flock to Happy Valley.
The location is really nice.
Later, it was taken over by the Bank of China in Hong Kong and used as the headquarters of the Bank of China in Hong Kong.
Yang Ming didn't expect that it would be put up for auction by the Governor's Mansion.
Judging from current newspaper reports, in addition to Jardine Matheson Land, Wharf Group, Hutchison Whampoa, Wheelock, Swire, etc., have signed up to participate in the auction of this land.
Among the Chinese investors, such as the four major Chinese investors, Li Zhaoji of Wing Tai Real Estate, Guo Desheng of Sun Hung Kai Properties, Zheng Yutong of New World and Li Jiacheng of Cheung Kong Holdings Group, Baide Real Estate also participated.
The main reason is that sometimes, the Chinese capital is not as powerful as the foreign banks, so they join forces privately to conduct land auctions, and then divide the land after they get it.
Historically, after the 1980s, the land in Xiangjiang was basically monopolized by these four major families.
Now because of the emergence of Yang Ming, these have changed a lot.
For example, Hutchison Whampoa, the second largest foreign bank in Hong Kong, has been acquired by Yang Ming.
One of the largest foreign banks in Hong Kong, Wharf Matheson, the largest subsidiary of Jardine Matheson Land, was also swallowed up by Yang Ming.
It is difficult for outsiders to say whether Yang Ming's imperial group is a foreign company or a Chinese-owned company.
It’s just that the people in Hong Kong think that Yang Ming is a Chinese from Hong Kong, so they regard him as a Chinese citizen.
Yang Ming didn't expect that so many real estate developers were eyeing the Meili Building.
Even if the place has been haunted before, in a priceless prime location, it doesn't matter if it kills people.
I am afraid that in every inch of prosperous land in Xiangjiang, people have already died.
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