Chapter 1033 Central Land Auction Continued
Yang Dongxu also looked over in surprise. Although Dade Real Estate has never been regarded as a competitor by him. After all, Hurricane Construction, which has a huge foundation, will not make mistakes in the development of the next ten years. It will step on the vent of the wind step by step. There is no reason to be afraid of this rising star.
But it does not mean that Yang Dongxu does not pay attention to Dade Real Estate. Fudehai, which has gathered some Hong Kong capital and his own worth, has developed rapidly in recent years.
Dade Real Estate also has a net worth of tens of billions, which seems to be developing faster than Hurricane Construction. But these tens of billions of net worth are not real assets, but 60% of Chaoyu is debt.
That is, the most popular set of borrowing chickens to lay eggs in the current domestic real estate. And this set can be played very well as long as the relationship is in place, but a lot of money seems to be easy to get, but it is not so arbitrary to use.
After all, banks can generously bring money to you, but no bank will like the money it lends out to become a bad debt, or the object of the loan goes bankrupt.
Therefore, although Dade Real Estate can continue to get money from banks to develop itself, the annual interest repayment is not a small number. Therefore, these loans cannot be used indiscriminately, otherwise, if the capital chain breaks, it may collapse directly.
So according to the current situation, domestic real estate is on the rise, and Dade Real Estate also has a backer. It is not difficult to make a lot of money by developing real estate projects in China with so much money, and it is very safe. There is no need to take risks in Hong Kong.
You should know that Hong Kong real estate seems to have rebounded in recent years, but it has been hovering at the bottom. It has been 4 years since 1997, and no one can tell how many years it will last.
Although many people feel that now is a good time to enter the Hong Kong real estate industry, maybe they can make a lot of money by buying at the bottom. But the premise is that you can withstand the situation that Hong Kong real estate has been half-dead for several years, or even several years. Dade Real Estate obviously does not have such risk resistance conditions.
Not only Fudehai's Dade Real Estate, but even the Hong Kong real estate tycoons present, although optimistic about the future Hong Kong real estate market, but every step of the layout, a heavy bet is actually cautious. Always keep the risk within a controllable range, even if Hong Kong real estate continues to take advantage of the opportunity for a few years, it will not affect the overall situation.
However, seeing Fu Dehai's confident look, it seems that he has really decided to use this auction as the first stop for Dade Real Estate to return to Hong Kong from China.
Yang Dongxu, with a slightly frowned brow, could not help but glance at a middle-aged man beside him. At first, he thought that this man was Fu Dehai's assistant, or a senior executive of Dade Real Estate, but now this person's identity is obviously not simple.
You must know that although Fu Dehai is a major shareholder of Dade Real Estate, such a decision that can affect the fate of the company is obviously not something he can decide with just one word. Therefore, the identity of the middle-aged man is about to be revealed. It is obvious that he is the backer behind Fu Dehai. Even if he is not, he probably has a very close relationship with that backer and can make some decisions about the company temporarily.
While Yang Dongxu was thinking about the identity of the middle-aged man beside Fu Dehai, the auction site began to discuss again. This time the discussion lasted longer.
Before coming to the auction, everyone was actually prepared for a tough battle. Seeing Yang Dongxu, he also realized that there might be a Cheng Yaojin who came out, but he never thought that there was not only one Cheng Yaojin who came out, and it seemed that this one seemed to be more fierce.
"4.25 billion!" After a moment, someone called out again, and the bidder was Hong Kong Hang Lung.
As one of the top ten real estate developers in Hong Kong, or even the top five, Hang Lung has strong capital. But when the price is raised to this point, even such a tycoon began to raise the price conservatively.
Instead of raising the price suddenly like Yang Dongxu and others before, a wave of three shocks shook out those who followed and said that the peers behind them were out of the game. Those who still bid at this price are obviously determined to win this piece of land. The effect of suddenly raising the price will definitely not be as good as before, and the risks are huge.
"4.3 billion!" The real estate developer in Taiwan also raised the price after discussing with a foreigner.
This price has actually exceeded everyone's expectations. After all, with the current real estate market in Hong Kong, although this 150 acres of land is linked to the transformation of shantytowns, the low price is only 1.8 billion.
It can double to 3.6 billion, which is actually the final estimated price of many real estate companies participating in the auction. You should know that this money is only for buying 150 acres of land, not including the budget for shantytown reconstruction. Such a large shantytown reconstruction still requires more than 10 billion yuan of investment.
That is to say, the initial budget for this project is about 5.5 billion yuan, and now the price of 150 acres of land has been raised to 4.3 billion yuan. Although according to the previously signed guarantee agreement, the price of shantytown reconstruction will not rise sharply, but the total investment has exceeded 6 billion yuan and is heading towards 7 billion yuan.
The total investment of more than 10 billion yuan more than the previous budget is a bit beyond the limit for some real estate tycoons sitting in the front row, not to mention the smaller real estate companies.
After all, although the valuations of the real estate tycoons present are often hundreds of billions, 7 billion yuan is not too much money at first glance. But more than 80% of the company's valuation is fixed assets, which does not mean that the company really has so much liquidity.
We must know that more than half of the previous budget of 5.5 billion was obtained after winning the project and seeking bank loans to make up for the funding gap and promote the project. The government will also provide certain convenient policies for this, but now you suddenly need to borrow billions more, even if the government provides further convenience, no bank would dare to be so relaxed, right?
Therefore, various real estate tycoons who are preparing to increase prices are constantly communicating with people around them, constantly calculating in their minds the data of their companies and the liquidity on their books, as well as the funds they are sure to raise and borrow in the future. Let’s make a rough estimate of whether you can continue to follow the price.
"4.5 billion!" Yang Dongxu, who seemed to be not prepared to compete just now, raised his sign again and increased the price by 200 million.
This is an increase of 200 million from 4.3 billion, which is completely different from the price increase at the low price just now. As soon as this price came out, many real estate properties went viral. What a joke!
Originally, they were still calculating in their minds, how to get tens of millions from here, how to borrow tens of millions from where to fill the hole. As a result, they raised the price by 200 million as soon as they came up, and they had to find several tens of millions from many places to make up the amount. How to find this? Did you just dig out all the money from the crack in the door?
"This gentleman is asking for 4.5 billion, is there any increase in price?" This time the auctioneer did not remain silent, and the price also greatly shocked his heart, so the first few words he spoke contained an unconcealable emotion. vibrato.
There was silence in the venue. This time, people who had been discussing with each other stopped discussing. Some simply threw their placards aside, apparently giving up completely.
"This is the largest land auction in Central in the past few years or even in the next ten years. With the renovation of shantytowns, it is not an exaggeration to say that it will be the largest project in Central in the next twenty years. Maybe Hong Kong real estate will also take advantage of this opportunity to take off. , Isn’t there any gentleman who continues to increase the price?”
Seeing the silent scene, the auctioneer himself was extremely nervous, even though he knew that this might be the pinnacle of the auction. Because no matter how much money his opponent offers, the man who raises the price by hundreds of millions shows a determination to win, which makes other real estate developers unable to resist. But what if the price can be higher?
After about ten seconds of silence, there was still no response. The auctioneer suppressed the trembling of his arm and raised his hammer to hit it. "For the first time, there is no owner willing to bid for 4.5 billion. This auction is not unprecedented, but it will definitely happen." Become the headlines tomorrow, or even the king of the land this year.”
But there was still no response, and some people were even ready to get up and leave angrily. Being so ravaged by a young man, many big guys felt a little unhappy and were too lazy to continue their ink here.
"4.5 billion for the second time." The auctioneer dropped the hammer for the second time, this time without his mother-in-law. He also saw that this might be the final price.
But when he dropped the hammer for the second time and was about to drop it for the third time to announce the deal.
"4.6 billion!" The businessman in Taiwan increased the price again, and this time the price increase was no longer a test of 50 million, but the price increase was as high as 100 million.
But the price momentum was shown, but when this person shouted the price, his voice was a little uncontrollable, and sweat began to form on his forehead.
But no one laughed at him at this time, because some of the people who had just called out the price had sweat on their foreheads. Everyone could understand the tension and excitement when calling out the price.
And the foreigner looked at Yang Dongxu provocatively again.
"4.7 billion!" The person calling the price was not the provoked Yang Dongxu, but Li Chaoren in the front row.
Compared with the sweat on the forehead of the Taiwanese businessman and the stiff acting when the foreigner provoked Yang Dongxu, Li Chaoren looked much more relaxed and calm. But the eldest son sitting next to him was not as calm as his father at this time, and seemed a little nervous.
"5 billion!" Yang Dongxu raised his sign again.
boom.
The scene exploded instantly. This time, not to mention other real estate developers, even Zhao Yu, Wu Aibing and others sitting next to Yang Dongxu were a little frightened.
Hurricane Construction also had a budget before coming here, and set the budget at 4.2 billion with the goal of winning. In the eyes of Zhao Yu and others, this is already a sky-high price, but who would have thought that his boss would not follow the routine. Now the bidding price has reached 5 billion, which is 800 million more than the previously predicted sky-high price.
At this time, Zhao Yu also began to make calculations in his mind like other real estate developers. After the hurricane construction, some money would be deducted from the project, or the land would need to be handed over to the bank for mortgage.
Although the foundation is strong enough, and the debt ratio has always been a unique flower in the real estate industry, it is so low that it makes people speechless. In terms of bank loan credibility, all green lights have been smooth. But Zhao Yu still couldn't help but feel a little dry.
He can be regarded as a person who has seen the world. When Hurricane Construction acquired land in Pudong New Area, it was not just once or twice that he made a big deal of several thousand acres, and he even bid tens of billions. But none of those sky-high prices were as exciting as today's asking price of 5 billion. My heart was beating wildly and my face started to turn red unnaturally.