Hong Kong 1980: The Savage Era

Chapter 516 Chapter 518 [Unfair? ]

"I know." Bai Jinyan was silent for a moment, then said, "A woman has no children and her husband is dead. Why is she still so stingy? I really don't understand what this woman is thinking."

Luo Qihong sneered, "Some people are stingy to the bone. Even if they encounter a disaster, they may not really be able to change. But this couple is a bit abnormal. They spend 100 million yuan a year on a dog, while they themselves eat leftovers. It's really weird."

"Do you think Wang Dehui is really dead?" Bai Jinyan thought for a moment and asked, "Gong Ruxin probably doesn't think Wang Dehui is dead."

Luo Qihong sighed, "He should be dead. Those people deliberately didn't reveal Wang Dehui's whereabouts in an attempt to sentence him less. This should be the lawyer's advice. But Wang Dehui is also very bold. He was kidnapped once, but he didn't even bother to hire a bodyguard. Who else would those people kidnap if not him?"

"Forget it, let's not talk about him. It's a bit unlucky." Bai Jinyan suddenly became disgusted. Businessmen should pay more attention to the meaning and luck.

Villa No. 1, Baijia Road.

This is where Guan Jiahui lives for a long time. The villa has undergone a whole year of private maintenance. It is difficult to see the specific situation inside from the outside. Moreover, the security level of the villa is very high, with 13 bodyguards alone.

Luo Qihong has always been concerned about the safety of his family. He doesn't want to give all the money to the kidnappers like Wang Dehui did and suffer life threats. It would be better for him to hand over the "ransom" to the security company.

"There are fewer and fewer properties for sale in Central, Wan Chai, Tsim Sha Tsui and Causeway Bay. I heard that the Ho Tung family is interested in selling Tung Ping Building and Tung On Building in Mong Kok and Tung Ying Building in Tsim Sha Tsui. I want to take over, but there are a lot of competition." Kwan Ka Hui, who was pregnant, said aggrievedly, obviously wanting Luo Qihong to help her with money and effort.

Luo Qihong glanced at Guan Jiahui and his thoughts were clear at a glance.

The Ho Tung family has very rich property assets, including Tung Ping Building and Tung On Building in Mong Kok, Tung Ying Building in Tsim Sha Tsui (the predecessor of The One shopping mall), Tung Shing Building and Tung Sing Building in Wan Chai, the castle-style villa at 35 Deep Water Bay, the mansion at 6-10 Black Path, Ho Tung Gardens on the Peak Road, and 19 Cooper Road, Jardine's Lookout.

In fact, Luo Qihong looked down on the two commercial buildings in Mong Kok because they were too small, but the location was good and suitable for Guan Jiahui to invest.

The only commercial building he had his eyes on was the Tung Ying Building in Tsim Sha Tsui. This commercial building could be rebuilt and would have a floor area of ​​40 square feet. Most importantly, the Tsim Sha Tsui area could bring in more expensive shop rents.

However, it was already 93 years at this time. Even if the Tung Ying Building was demolished and rebuilt, it would take until 95 to be occupied. In 97, there would be a major slump in real estate prices, which was not really cost-effective.

93 was the peak period of the real estate industry. Ho Sai-lai (head of the Ho Tung family) chose a good opportunity. If he did not seize the opportunity now, he might not have another chance in the future.

Of course, it would be better to take over all three commercial buildings together, as the price would be cheaper. If you only take over the Dongying Building, it would definitely be very expensive.

"Do you want all three shopping malls?" Luo Qihong said with a smile.

Guan Jiahui's eyes widened and she said coquettishly, "Three buildings would be best, but one is fine too. You know I'm not a greedy person."

"You're not greedy? You clearly want all three buildings." Luo Qihong scratched Guan Jiahui's nose and said with a smile, "How much money do you have? You're not thinking of letting me pay for it all, are you?"

According to Luo Qihong's estimate, these three commercial buildings will cost at least HK$3 billion. The Tung Ying Building alone is worth HK$14 to 1 million. Adding the future demolition and reconstruction costs, the total cost may reach HK$7 billion.

The current floor area of ​​Tung Ying Building is 16.7 square feet, with 20 floors and an average of 8350 square feet per floor. Based on the rental income in Tsim Sha Tsui in the first half of 93, it can generate more than 1 million Hong Kong dollars in rental income each year. It will take 8 years to recover the investment. However, after demolition and reconstruction, the value of this commercial building will double directly, and it will not be a problem to exceed 20 billion Hong Kong dollars.

Luo Qihong remembers that by the 21st century, this commercial building was worth tens of billions, and at its peak it was worth 100 billion Hong Kong dollars.

No wonder it is named 'The One'. It is truly priceless, even more valuable than some office buildings in Central.

"3 million in cash, the rest can be loaned out." Guan Jiahui said guiltily.

Luo Qihong pinched Guan Jiahui's cheek and teased, "You are so bold to buy a commercial building worth more than 3 billion yuan with only million yuan. Are you thinking that I can help you pay for it?" Guan Jiahui touched her belly and pouted, "I didn't ask you to pay for it. You can do it yourself."

The private real estate company's assets are worth only over 3 billion, but it actually wants to swallow up three commercial buildings worth more than billion or nearly billion. Its courage is no less than that of Luo Qihong when he first made his fortune.

Of course, Guan Jiahui has a powerful backer and can use her son to become the richest man, which makes her many times better than Luo Qihong was at the beginning.

Luo Qihong said helplessly, "I think you should take the best one. Tung Ying Building in Tsim Sha Tsui is the best. The other two are for Ah Yan and Jia Xin to shut them up."

"I paid these billions for you. Don't mess around in the future."

"Thank you, husband!" Guan Jiahui kissed Luo Qihong on the left cheek. She had never thought of taking away the three commercial buildings. After all, Luo Qihong wanted to treat everyone equally and could not be too partial.

This kind of thing should be done sooner rather than later, and on the third day, Luo Qihong made an appointment with He Shilei to discuss the acquisition of three commercial buildings.

As one of the oldest families in Hong Kong, the Ho Tung family is naturally very powerful and has a high profile in all walks of life in Hong Kong. There is no need for them to give too much face to Luo Qihong.

So when Ho Sai-lai saw Luo Qihong coming to him on his own initiative, he made a huge request, demanding HK$3 billion for the three buildings, a premium of about 18%.

Of course Luo Qihong would not agree. It was too expensive and they were completely making a fool of Luo Qihong.

But how could Ho Shai-lai lower the price so easily? Luo Qihong had no choice but to threaten him with the scandal he had heard about the Ho Tung family. The Luo family owned a media company, so it was a very simple matter for them to spread the scandal widely.

In fact, Luo Qihong didn't want to be so tasteless, but He Shili was too disrespectful to him. If the premium was 2%, Luo Qihong would have accepted it.

Ho Sai-lai was furious, but there was nothing he could do. Although the Ho Tung family planned to reduce its assets in Hong Kong, they were not going to withdraw completely, so they still wanted to save some face and not let the scandal get exposed.

In the end, the two parties reached a deal at a 1% premium of HK$15.5 billion.

As for the company involved in the transaction, it was naturally Kwan Ka Wai's private company, not the Siu On Group or Dehe Real Estate Company. However, Ho Sai-lai also saw that Lo Chi-hung wanted to keep a low profile, so he retaliated against Lo Chi-hung by revealing the transaction to reporters and having the newspaper publicize it.

"Mr. Luo is really a playboy. He spent 15.5 billion to help his mistress buy a house, and Mrs. Luo didn't have any objections. He is really capable."

"Luo Sheng's net worth is probably over 1 billion. 15 billion is nothing. It's just money to please his lover."

Such scandals naturally became the topic of conversation among Hong Kong citizens after dinner.

Deep Water Bay Villa.

Bai Jinyan turned away angrily, "15 billion! What a big deal! The original Diligende Mansion was only priced at this price. They must have 30 billion in assets, right?!"

Luo Qihong smiled awkwardly and said, "These three commercial buildings are purchased for you, one for each of you. I am fair in my work."

"One Dongying Building is worth two Dong'an Buildings. Is this fair?" Bai Jinyan rolled his eyes and said, "I don't want the building. I want something else."

Hearing this, Luo Qihong's heart skipped a beat. Bai Jinyan always made big requests. This time, he would probably ask for at least 15 billion Hong Kong dollars, right? !

(End of this chapter)