Years: Salted fish life since going to the countryside.

Chapter 1648 This is the current price

The undeveloped plots of land owned by the Ka Ning Group are located in Kowloon Tong, adjacent to Waterloo Road; Sai Kung Nam Wai; around the Tsuen Wan Waterworks; and near Floating Hill in Yuen Long District.

In the eastern part of Xiangjiang South Island, near Yu Street in Quarry Bay, adjacent to the Kornhill Garden community, lies a diamond-shaped plot of land with an area of ​​approximately 17,000 square feet.

Because this place is near the mid-range residential community of Kangyi Garden, Jia Ning Group originally planned to build buildings here and sell them for profit.

Although the land is not large, four or five buildings, each at least twenty-two stories high, can be built by squeezing it together. As for issues such as lighting and comfort, they are not a problem at all in crowded Hong Kong.

Well, Jia Ning Group originally had several good plots of land, but most of them were not developed or utilized.

Of these plots of land, only the one near Quarry Bay in South Island still has some value.

Regardless of what happens in the future, the other four plots of land are, at least for now, considered peripheral areas that few people are willing to pay attention to.

The reason Jia Ning Group acquired these places was simply to make its financial statements look better and appear more powerful; it didn't really consider properly developing those areas.

The owner of Jia Ning Group was aware of this, so when he introduced these land plots to Anita Koch, he used very exaggerated language.

He practically blew up the whole Quarry Bay plot of land, saying it was a golden goose, and so on.

However, Anita Koch was no pushover either. Especially since she had done a lot of research on land in various areas of Hong Kong when Han Li was acquiring the land, she quickly refuted him with a few words, and her points were well-founded.

Anita Koch presented a large amount of evidence to the owner of Jia Ning Group.

"None of what you mentioned exists now. Hong Kong's real estate industry began to recover in 76 and reached its current peak at the end of last year (81)."

In just five short years, the price per unit of residential housing has nearly quadrupled.

However, starting from the spring of this year (82), both ordinary residential land and high-end residential land have been declining, with industrial land experiencing the largest drop.

Taking the price of industrial land in Kowloon Bay as an example, it was HK$360 per square foot in December 80, but by June of this year it had fallen to HK$26 per square foot, an overall drop of nearly 12%.

The decline in industrial land prices in Hong Kong has also made the situation for residential properties less optimistic.

As of May this year, the price of ordinary residential buildings in Kowloon Peninsula, Hong Kong, has fallen from HK$1 per square foot at the end of last year to HK$664 per square foot, a drop of 067%.

The price of luxury residences in Xiangjiang South Island has dropped from HK$1502 per square foot in 1980 to HK$730 per square foot, while mid-range residences have dropped from HK$1130 per square foot to HK$540 per square foot, with an overall decline of approximately 40% to 60%.

The sluggish real estate market has also affected office rents. Monthly rents for Grade A office buildings in Xiangjiang South Island have fallen from HK$28 to HK$30 per square foot last year to HK$21 to HK$24 per square foot, a drop of about 20% to 25%.

Furthermore, the sluggish property market has led to a sharp decline in transaction volume in Hong Kong's real estate market. This year, the overall transaction volume, including land, buildings, properties, and both private and official land sales, has decreased by more than 13 percent compared to last year.

Based on this data, the few plots of land under your group's name are not only worthless, but will likely become a hot potato dragging down your group in the near future.

Because the real estate industry currently offers absolutely no future, if we take over, we'll lose money every day. The worst part is that nobody knows when the market will recover.
To put it bluntly, these land plots could very well end up in our hands, or even be confiscated.

Therefore, regarding these five plots of land under your group's name, four of them are not even as good as industrial land. Considering that the plot near Discovery Street in Quarry Bay is barely acceptable, we are willing to take over at 25% of the current market price.
However, we can sign the most stringent 'dark pool' trading contract with the highest penalty for breach of contract.

Anita Koch's candid remarks left the owner of Jia Ning Group speechless, and her attitude was very tough, as if she would give up if they couldn't reach an agreement.

After several rounds of back-and-forth, the owner of Jia Ning Group finally made a compromise and concession.

The taxi company ultimately reached an agreement at 45 percent of the current market price, and the five plots of land were agreed upon at 28 percent of the current market price.

As for the film production company under the Jia Ning Group, which was essentially an empty shell, an agreement was finally reached at 25% of the current market price, which included ownership of all films in the production company's film library.

After Anita Koch finished explaining the agreed-upon price, as if she were taking credit, Han Li arranged a meeting place with her to sign the contract and then hung up the phone.

However, when Han Li picked up the phone again, about to call Kennan Spencer of World Law Firm, he quickly realized something.

The reason why there are more people "shorting" Jia Ning's stock in the stock market today is not only because of those who are quite shrewd and those who sense that something is wrong.

Although Anita Koch, who facilitated the deal, provided accurate data about the real estate industry, few businesspeople would agree to such terms until the very last minute.

It's worth noting that Jia Ning Group was currently enjoying great success, yet it ended up selling off its core assets at such an outrageous price.

If Anita Koch still couldn't sense something was wrong under these circumstances, she probably wouldn't have passed the bar exam, nor would she have been hired by the T brothers.

Therefore, Anita Koch should be one of the people who recently joined the "short selling" of Jia Ning stock, although she is probably not quite sure yet and has only followed up in a small amount.

If Anita Koch knew the truth, given her money-grubbing nature, she would have bought in large quantities, even if it meant taking out a loan, instead of this tentative, small-scale operation.

Han Li estimated that after the two sides met, especially after those contracts were signed, Anita Koch would definitely try to find out the details from him in various ways.

Therefore, Han Li is now considering that the collapse of the Jia Ning Group is still lacking a boost.

This boost came from the news of the initial negotiations between the two countries on September 24th. However, this news alone was not enough to be the final straw that broke the camel's back for Jia Ning Group.

So, in order to earn this money at a more precise time, should Anita Koch also lend a hand?
Han Li put that idea aside for the time being, and next he called Kellan Spencer, the Detective Agency, and the Hunter Company.
(End of this chapter)