Hong Kong 1980: The Savage Era

Chapter 495 497 [Airport Pickup and Property Purchase]

United Industries Group was established in 1963. In its early days, it focused on manufacturing and trade. In the early 80s, it transformed into real estate development. Its current core assets include Marina Square, United Square, high-end apartments along Orchard Road and large tracts of land in Jurong Industrial Zone.

It is worth mentioning that Yeo Hiap Seng Group also has a large amount of factory land in Jurong. If the two are combined, they can basically monopolize half of the Jurong Industrial Zone.

UOB holds only 28.3% of United Industrial Group, which seems to be a shaky holding. However, UOB is a cash-rich bank and it can easily fight a takeover counterattack. However, any misstep could result in losses.

Compared with its subsidiary Singapore Land, Hengan Investment Company can create some advantages. For example, United Industrial Group overinvested in core assets in the early stage. Even if it rashly goes public to raise funds now, it will be difficult to reverse the downward trend. The heavy debt is an opportunity for Hengan Investment.

As for the latter two options, Tangs & Dongs is somewhat similar to the Wing On Department Store in Hong Kong, but Tangs & Dongs is engaged in the high-end department store business, which is obviously different from the mid-range department store business of Wing On. It has no achievements in real estate, only some properties in Orchard Road.

Parkway Holdings meets Luo Qihong's requirements better than Shijia Dong. First, it has experience in real estate development and a large number of properties. Second, the medical industry is mature, which is just right for Luo Qihong to transform his family.

Because he knows how to make money in the medical field in the future, and everyone is afraid of death when life is good.

"What if I want to acquire United Industrial Group, Dongs Department Store and Parkson Holdings? Do you have any good suggestions?" Luo Qihong dropped a depth charge, which made Zhang Wenhe's eyes bulge out.

"Buy all of it?! This will require no less than S$25 billion (US$17.8 billion, a total of HK$139 billion), and UOB will not sit idly by. By then, even more funds will be needed." Zhang Wenhe's voice gradually became lower.

Luo Qihong smiled and said, "These three acquisitions will not be carried out at the same time. Let's start with the easy ones and then move on to the difficult ones. After you have collected information on Shijiadong and Parkway Holdings, you can also start using the funds recovered from the Straits Times Index to buy stocks."

"Yes!" Zhang Wenhe left the office after receiving the order.

In the afternoon, Luo Qihong drove to Singapore Airport to pick up Guan Jiahui and Li Jiaxin.

Originally, Luo Qihong promised Guan Jiahui to bring her to Singapore to speculate in real estate, but Guan Jiahui showed off in front of Li Jiaxin, forcing Luo Qihong to bring Li Jiaxin along.

"Husband!!" Guan Jiahui and Li Jiaxin, wearing sunglasses, saw Luo Qihong and immediately rushed over.

One person hugged half of Luo Qihong. This scene made the busy airport passengers look at it sideways. The men were envious, the women were puzzled, and some even frowned in dissatisfaction.

Women's rights are gaining momentum today, especially in developed Singapore, but no one dared to step forward because she was followed by a large group of bodyguards.

"Well, look, those men can't wait to eat me." Luo Qihong said jokingly.

"Hmph! Good that you know it. Try not to mess with other women." Li Jiaxin said proudly.

"I heard that Singapore is another Hong Kong, is that true?" Guan Jiahui looked at the bustling airport. The airport's decoration and facilities were no less than those in Hong Kong.

Luo Qihong nodded. "It's about the same. It's a financial center in Southeast Asia, after all."

"So what are the house prices here?" Li Jiaxin immediately remembered the purpose of this trip. They came here to make money and drive up the house prices here.

"It's about the same price as Hong Kong, but the increase may not be as high as that in Hong Kong. You can buy more shops in core areas such as Orchard Road and Marina Bay. The growth potential here is still very good." Luo Qihong replied with a smile. Since he asked them to come here to speculate in real estate, he would still understand the basic situation clearly.

“Why should we just speculate in real estate in Hong Kong? Why should we come to Singapore?” Li Jiaxin muttered.

Luo Qihong explained, "Because the market in Hong Kong is saturated and you have surplus funds, you need to export capital, and Singapore is a good choice."

"I like Singapore, I will come here more often in the future." Guan Jiahui and Li Jiaxin have different ideas. This will be her base in the future, so how can she not like it?

Moreover, Guan Jiahui had read the detailed information of Yeo Hiap Seng Group and knew the outstanding features of this company, which would become the pillar industry of her family.

"Of course you like it. This will be your home from now on, not mine." Li Jiaxin said with a pout. Luo Qihong saw the two women bickering, so he said in a gentle tone, "Australia is not far from Singapore. The family has a lot of businesses there. You will visit each other often in the future."

"Then when are we going to Australia to speculate in real estate?" Li Jiaxin looked at Guan Jiahui provocatively.

"It's hard to speculate on property prices in Australia, but you can buy a few commercial buildings and collect rent from them. Australia's mining companies are enough to support you for several lifetimes, so there's no need to speculate on properties."

The next morning, Luo Qihong, Guan Jiahui and Li Jiaxin came to Wisma Atria next to Orchard Road MRT station.

"Mr. Luo, Ms. Guan, and Ms. Li, the usable area of ​​this shop is 920 square feet. It costs 3200 Singapore dollars per square foot, for a total of 294 million Singapore dollars." The real estate agent introduced respectfully.

A shop of 85 square meters is actually worth HK$1640 million, which is slightly more expensive than that in Central, Hong Kong.

Of course, there is a suspicion of asking for a high price and bullying outsiders like Luo Qihong.

Before coming, Kwan Ka Wai and Lee Ka Yan were of course aware of the exchange rate between the Hong Kong dollar and the Singapore dollar. The price of HK$1.7 per square foot is not very expensive. After all, the prices of some shops in the core areas of Tsim Sha Tsui and Causeway Bay in Hong Kong have exceeded HK$2 per square foot.

"It's not very expensive. Are there any other shops?" Li Jiaxin said with a straight face, "It would be better if we can sell the whole commercial building."

Last night, Li Jiaxin and Guan Jiahui had an argument. Guan Jiahui joked that "Li Jiaxin is not allowed to buy too many properties in Singapore, Singapore is her territory", so today Li Jiaxin changed her mind and wanted to buy more properties to annoy Guan Jiahui.

Hearing this, the intermediary lady was surprised. She would not doubt the financial resources of the three men. The bodyguards following them could prove that their identities were not simple. She also found several entertainment reporters taking pictures nearby.

“Yes, there are, but there are no whole commercial buildings for sale in Somerset. There is only one floor of office space for sale.”

Somerset is not far from Orchard Road, but its business is not as prosperous as Orchard Road and its growth rate is not as high.

"I'm not planning to buy property in Somerset. Only the properties in Orchard Road are suitable for my status." Li Jiaxin glanced at Guan Jiahui and said proudly.

"This shop is 270 million Singapore dollars. If possible, we can pay the full amount now." Luo Qihong said lightly. It was not that he wanted to bargain, but he did not want to be taken advantage of.

This is not a street-side shop, so it is impossible for the prices to be the same as those of street-side shops.

Seeing the agent hesitate, Luo Qihong waved his hand and said, "Go get another agent. Let Zhang Wenhe make the arrangements."

He originally didn't want to trouble Zhang Wenhe, but now it seems that he still has to use the relationship with Heng'an Investment Company. But when he thinks about it, it's no big deal, since he is the boss.

"Mr. Luo, I'm very sorry. I was distracted by something just now. 270 million is 270 million." The intermediary lady hurried forward to apologize. Such a big business could not slip away from her hands.

"Can you guarantee that the price later will be real?" Luo Qihong didn't want to make things difficult for the woman, so he gave her another chance.

"I promise it won't happen again."

"Take us to see the office building and the shops along the street." Luo Qihong said.

Guan Jiahui covered her mouth and smiled. She knew Luo Qihong. He spoke out because he didn't want to be taken advantage of. Otherwise, how could a man who was used to doing business worth tens of billions care about a mere 100 million.

Li Jiaxin looked at the intermediary lady with dissatisfaction. If she came alone and found out that this woman had deceived her, she would be in big trouble and would never be able to work in this industry again.

(End of this chapter)