A new week begins.

Monday, April 4th.

In the conference room of the New Era Group, Lin Zuhui was checking the bid document for the property rights to be built on top of the Lantian subway station. Although the price is the most critical, other contents are also important.

The entire project is designed to be 20 residential buildings ranging from 28 to 34 floors, with about 4,100 residential units; garden facilities include two resident clubs, shopping malls, kindergartens, and multiple recreational parks, children's playgrounds, jogging trails and elderly care facilities. Yard. Each residential unit starts at 680 square feet, and the final floor area of ​​the entire project exceeds 3 million square feet and reaches 3.2 million square feet.

After reading the bid document, Lin Zuhui nodded with satisfaction, and several core executives breathed a sigh of relief.

"The price is HK$988 million, fill it in!"

988 million is the profit for the MTR Corporation. If the bid is won, the land price will have to be paid to the Hong Kong government (estimated to be 1 billion).

Xiangjiang's subway company is independently operated. The Hong Kong government will give the subway company the property development rights at the subway station, and the subway company will then bid for the land. However, the Hong Kong government did not give the subway company this land for free. The real estate developer (or subway company) needs to pay the land fee.

Therefore, if a real estate company wants to develop the property development rights above a subway station, it is equivalent to paying a total of two expenses to the subway company and the Hong Kong government. The money for building the subway is started with this, and the Hong Kong government guarantees the loan for the subway company.

This time, the Planning Department of the Hong Kong Government has increased the plot ratio of Lam Tin MTR station, so that the land that originally could only be built on 3 million square feet can now be built on 3.2 million square feet of floor area, so real estate businesses must be prepared to bleed!

With a floor area of ​​3.2 million square feet and a shopping mall worth RMB 200,000, the sales volume is only RMB 4 billion at the current price.

According to New Era Group's price, plus the land supplement fee of 1 billion, the land cost alone will be 2 billion. And the construction fee and tax will cost 1.8 billion anyway. Plus loan interest, the total investment of the entire project has been Exceeded 4 billion.

Importantly, New Era Group also needs to ensure that Baoli Technology will obtain a net profit of 500 million.

With such generosity, Lin Zuhui believes that he will win this battle!

Several senior executives were a little surprised. The boss's price was too high. If the current housing prices were used, the New Era Group was "guaranteed to lose money but not make a profit". It was completely betting on future real estate appreciation.

But they didn't say anything because they could see that the boss would not listen.

"Okay, I'll fill it in right away!"

"Manager Chen, go and handle it in person. The bid document must be kept confidential!"

"Um!"

How do these people know what Lin Zuhui cares about? What he cares about is defeating Li Chaoren!

...

On the other side, Li Chaoren was also discussing the price with Huo Jianning, Zhou Zhoumao and others.

"Who do you think is our biggest competitor this time?" Li Chaoren asked, feeling a little uneasy.

Lin Zuhui's strength is not strong, but his "shark courage" style puts pressure on many people.

Anniversary Mao said: "It's... hard to say, Sun Hung Kai, New World, Henderson, and New Era are all our opponents!"

What he said was not nonsense, but the truth!

How can we say that this kind of bidding is the biggest opponent? It is not a situation where Cheung Kong is the only one.

Li Chaoren asked: "What about New Era Group? Their boss is a person who likes to disrupt things!"

Zhou Xianmao said: "New Era Group has been acquiring land and old buildings and exchanging land rights certificates since November last year. It is said that it has consumed as much as 2 billion in funds. I have not heard of them borrowing heavily recently. I am afraid they are not strong enough.

!”

Li Ka-shing said worriedly: "But they participated in the bidding!"

For a moment, everyone became a little uncertain.

As long as the real estate company has a good reputation, there is no problem in borrowing from banks after winning the bid (the fact is that Lin Zuhui has contacted many banks and made a "committed loan" of 2 billion; what's more, Lin Zuhui personally has cash, which can guarantee everything).

Huo Jianning said: "The price of 800 million is the parity price of the entire project. If interest is added, it will be a loss price. I am afraid that the real estate developers in Xiangjiang will not pay higher than this price!"

Li Ka-shing breathed a sigh of relief, it seems that this is the truth!

However, he was still worried and said: "Add more money and bid for 880 million!"

His idea is that if New Era Real Estate is also 800 million, then Changshi can still win with a fraction.

"Okay, I'll do it right away!" Zhou Zhoumao hurriedly went!

In fact, the price originally prepared by Cheung Kong was 700 million, but when Li Chaoren learned that New Era Group was participating in the bidding, it was changed to 800 million. However, at the last moment, the boss changed the price again to 880 million.

Therefore, everyone is thinking about the time when Li Chaoren defeated Land Corporation in bidding for the Central/Admiralty MTR Station, which became the hottest topic in Hong Kong at that time.

Now, in the new era, can it be considered as the long-term success of the past? Otherwise, why would the boss be so worried!

.......

The next day.

Representatives from several real estate companies came to the subway company to wait for the results to be announced.

At the same time, a large number of reporters also came to the subway company to wait for news.

The media had already begun to stir up trouble in advance, describing the development rights of the Lantian subway station as a battle between the "old superman" and the "new superman".

No one disputes whether Lin Zuhui is a superman or not. He is worth tens of billions at the age of 24, which is rare in the world. What's more, Lin Zuhui and his companies have survived the stock market crash smoothly, which is even more impressive.

It's more than a step ahead of Chen Songqing back then.

A reporter caught Chen Bin, the representative of New Era Group, and quickly asked: "Manager Chen, is New Era Group confident of winning the bid this time?"

Chen Bin said politely: "I believe that many real estate developers here are full of confidence. Of course, the final result has to be announced. We will wait and see."

The implication is actually full of confidence!

In fact, he knew in his heart that the winning bidder must be New Era Real Estate, and the boss paid a sky-high price!

At this time, New Era Group only had 500 million in liquidity on its books, but the boss had already negotiated with several banks, and 2 billion loans could be issued at any time. The boss deliberately used a fraud to give people the impression that New Era Group had already

No more funds.

At this time, Zhou Enmao, who was not far away, suddenly became nervous, because he felt bad when he saw Chen Bin was very relaxed and seemed to have a chance to win.

This project is very important to Changshi!

First, this is the only one missing from Cheung Kong’s four major housing estates plan;

Second, this is a very important cooperation between Changshi and CITIC.

After coming over for a while, Tang Jun, chairman of the subway company, came out. The hall was quiet for a while, and everyone held their breath.

"Hello everyone, I'm glad that you all participated in this bidding and report! Our subway company is very satisfied with everyone's sincerity in this bidding. The subway project is a public project that benefits the citizens...Okay, I won't be too close to it.

Now I announce: The winner of this bid is New Era Group, congratulations!"

Chen Bin couldn't help clenching his fists and became happy, it was really a success!

Next, Chen Bin went up to speak a few words on behalf of New Era Group and was surrounded by reporters.

The reporter is most concerned about the price, but it is impossible to disclose this!

"I would like to ask Manager Chen, did Lin Sheng regard Changshi as his biggest opponent beforehand, so he set the price accordingly!"

"No, the bidders this time are all competitors. We have never studied the possibility of a certain real estate company. Instead, we are very optimistic about Xiangjiang's real estate industry and have set a very superior price. We don't know what everyone's bid is.

How much, but I guess it might be a thrilling win!”

"I would like to ask Manager Chen, is the victory of New Era Group today against Cheung Kong the same as Cheung Kong's victory over Land back then?"

"You're flattered! We didn't think too much about it. Everyone knows that our boss is a big friend of real estate and always looks at the future value rather than the current value. Sorry, I need to report the good news to my boss. I'll do it another day.

Accept an interview like that.”

.....

When Lin Zuhui learned that New Era Group had won the bid, a smile appeared on his face.

“This project can not only bring us huge profits, but I also like its nature of large-scale housing estates. As a real estate developer, if you don’t build large-scale housing estates, skyscrapers, and hotels, you will ultimately be unable to gain recognition.

."

Sitting on the sofa, Liang Zhenxun nodded and said: "The boss is right! Since the stock market crash, New Era Group's potential has been stimulated again, and now it is time for a second round of expansion. I believe that in one or two years, we and the four major

The gap among real estate companies will be significantly reduced again."

He is Lin Zuhui's core executive, so of course he knows what his boss is thinking.

After the stock market crash, New Era Real Estate had more than 2.6 billion in cash and 2.5 billion in debt. It then spent 2 billion to purchase land, exchange land rights deeds, and old buildings. There was still more than 500 million left in the account, but the debt was reduced again.

200 million (income from property sales).

Before this bidding, the boss reached an "agreement loan" with various banks and obtained a loan commitment of 2 billion. This amount of money just covered the 1.1 million square feet of land at Lantian Metro Station. Of course, Baoli

Technology normally requires an investment of 600 million, so in the new era only 1.4 billion is enough.

Lin Zuhui nodded and said: "Don't worry, I am confident that starting from the 1990s, we will be on an equal footing with Henderson and New World."

Awesome, Liang Zhenxun had to admit that the boss’s ambition was really great.

Anyone who says this is a joke. Even Li Chaoren said this sentence back then.

It took three years.

Of course, only my boss has the last laugh!

...

He said that when Li Chaoren learned that Cheung Kong had lost to New Era Group, his first reaction was disbelief.
To be continued...