Chapter 102: Auction of Prime Land in Central Hong Kong!

Gentle spring breeze, warm sunshine.

Yang Ming and Kayla sat in the garden, enjoying the mountain view in the distance and a sumptuous afternoon tea.

"Mr. Yang, do you know about the first land auction in Hong Kong this year?" Kayla asked, putting down the coffee cup in her hand.

The first land auction in Hong Kong this year?

Before this, the Governor's Office of Hong Kong had always conducted land auctions, and the income obtained was used as fiscal revenue.

In 1975, stimulated by the concept of real estate recovery, the total area of ​​auctioned land reached 376,600 square feet, and the total auction price was 50 million Hong Kong dollars, which was converted into square meters. It reached 1,200 Hong Kong dollars per square meter.

In 1976, the total area of ​​auctioned land in Hong Kong rose to 543,600 square feet, and the total auction price was as high as 440 million Hong Kong dollars. The lowest price of the land was as high as 7,000 Hong Kong dollars per square meter.

Last year, in 1977, the number of land auctions in Hong Kong hit a new high, with a total area of ​​933,600 square feet, or 103,629 square meters, and a total auction price of 1 billion Hong Kong dollars.

The average price per square meter was as high as 10,000 Hong Kong dollars.

In 1977, the area of ​​land in Hong Kong was as high as tens of thousands of Hong Kong dollars. Globally, the price of land was already very high. If it was converted from land to commercial housing, the price might double or even several times.

It is precisely because of that that the current state of Hong Kong real estate land sales has soared.

However.

Before the 1970s, Hong Kong land auctions were basically monopolized by British capital headed by the four major banks.

After the 1970s, Chinese capital in Hong Kong rose, such as Li Jiacheng's Cheung Kong Group, Guo Desheng's Sun Hung Kai Properties, Wu Yingxiang's Hopewell Holdings, Chen Zengxi's Hang Lung Group, Chen Detai's Dachang Real Estate, and Cheng Yutong's New World Development, Li Zhaoji's Henderson Land Development, Wang Dehui's Chinachem, and Causeway Bay Li Family Real Estate.

These Chinese capitals with growing scale are basically related to the real estate industry.

In the mid-to-late 1970s.

Even without the emergence of Yang Ming, Chinese capital and British capital in Hong Kong were already evenly matched.

Historically, after the 1970s, Li Jiacheng and Bao Yugang received support from Huifeng Bank. After these two companies swallowed up Hutchison Whampoa, Wharf Holdings, and Wheelock, the power of Chinese capital has surpassed that of British foreign companies.

However, Yang Ming knew.

Now at the end of the 1970s, Hong Kong real estate has suddenly soared, and there is actually a big crisis in it.

After all, no matter how crazy the real estate is, like now the real estate prices double several times a year, it is because a lot of hot money flows into Hong Kong from Nanyang and other places.

As long as there are some blows, Hong Kong real estate and even the financial industry will be hit hard.

As for the first land auction in Hong Kong this year, Yang Ming really didn't pay much attention because he was busy acquiring Wharf Holdings and Hutchison Whampoa.

"Mr. Yang, this auction land is a prime plot in the Central District, located near the headquarters of the Huifeng Bank Building."

"Really?"

Hong Kong has a lot of land, such as Kowloon and the New Territories, and there are still many undeveloped lands.

However, the Central District of Hong Kong is already the most prosperous area in Hong Kong, and basically the less land is sold, the better.

Like before, Li Jiacheng cooperated with Huifeng Bank. After Huifeng Bank demolished the old Bank of China Building, Li Jiacheng's Changkang Industrial Group rebuilt it.

In the end, the new Bank of China Building was swallowed up by Li Jiacheng at a low price, and later the Bank of China Building also became one of the most valuable buildings of Li Jiacheng and Changkang Industrial Group.

"I'm afraid many real estate developers will participate in the auction of this piece of land."

Such an important piece of land, those real estate developers will drool when they see it.

Especially now that not only has the price of land in Hong Kong doubled every year, but the housing price has also soared sharply.

Chen Songqing of Jianing Group has accumulated a lot of funds by reselling the houses in his hands in this way.

When Yang Ming heard that he was interested, he naturally considered the Empire Group Headquarters Building.

Now the Empire Group Headquarters rents a floor in the Federal Building.

With a small number of employees, the Empire Group can continue to rent an office building in the Federal Building, which will definitely be enough. However, with the development of the Empire Group, it will definitely not work to continue in the Federal Building.

The piece of land that Kayla mentioned is located in the prime location of Central District in Hong Kong, and it is not far from the headquarters of the Huifeng Bank Building.

Yang Ming knew that it would be right to take it.

"I remember there was a newspaper report a few days ago."

At Kayla's reminder.

Yang Ming asked Ah Zhu and Zhong Chuhong to turn out those old newspapers.

The two women actually handed over an old newspaper from a few days ago, which reported about the land auction in the Central and Western District of Central.

Chung Chuhong handed the newspaper to Yang Ming.

Yang Ming read it in detail.

The more he read, the more strange it felt.

Isn't this the Murray Building, which is the location of the famous Hong Kong Bank of China Building.

Murray Building used to be a prisoner and execution ground, where many people died. Later, it became the office of many departments in Hong Kong. There have been rumors of ghost incidents, resulting in poor rental of properties there.

However, it is located in a prime location, and many real estate developers have long set their sights on that piece of fat meat.

"Murray Building?" Yang Ming asked.

"Mr. Yang, it is indeed there."

Kayla thought Yang Ming had heard the legend of the haunted place there.

Many places in Hong Kong are like this, including the current Happy Valley in Hong Kong. However, every time there is a horse race, there will be more than 100,000 people pouring into the surrounding area of ​​Happy Valley.

This location is indeed very good.

Later, it was taken over by Hong Kong Bank of China as the headquarters of Hong Kong Bank of China.

Yang Ming did not expect that it would be auctioned by the Governor's Office.

Judging from the current reports in newspapers, in addition to Jardine Land, Wharf Group, Hutchison Whampoa, Wheelock, Swire, etc., they have signed up to participate in the auction of this land.

From the four major Chinese companies, such as 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 Group, Bai De Real Estate, also participated in it.

Mainly because sometimes, the strength of Chinese companies is not as good as that of foreign companies, so they privately unite to conduct land auctions and divide them up after getting the land.

Like in history, the land in Hong Kong has been basically monopolized by these four major families since the 1980s.

Now because of the appearance of Yang Ming, there have been many changes.

For example, Hutchison Whampoa, the second largest foreign company in Hong Kong, has been acquired by Yang Ming.

In addition, Wharf & Co., one of the largest foreign companies in Hong Kong and the largest subsidiary of Jardine Land, was also swallowed up by Yang Ming.

It is difficult for outsiders to say whether Yang Ming's Empire Group is a foreign company or Chinese capital.

It's just that Hong Kong people think that Yang Ming is a Chinese in Hong Kong, so they regard him as Chinese capital.

Yang Ming didn't expect that so many real estate developers would really target the Murray Building.

Even if it has been haunted before, it's nothing to say that people have died in the priceless prime location.

I'm afraid that people have died in every inch of prosperous land in Hong Kong.

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