The big news came from the Hong Kong real estate industry again, Lee Shau Kee's Henderson Properties successfully defeated Li Ka-shing's Cheung Shing Real Estate, and bought a seaside plot in Hong Kong's Central for 50.8 billion yuan, which is the first seaside plot launched in Hong Kong in recent years, and according to the plan, there will be no more seaside plots in the future, so this time it has attracted the same competition from the six major real estate developers in Hong Kong.
Both Lee Shau Kee and Li Ka Shing are determined to win, but in the end, Lee Shau Kee is superior, and this piece of land has become the most expensive land for sale in the world. Two years ago, another Hong Kong property giant, Sun Hung Kai, bought land at Hong Kong's Kowloon High Speed Rail Station for more than 40 billion yuan, a record that has now been broken by Lee Shau Kee's Henderson Land Properties.
Lee Shau Kee once again defeated Li Ka-shing and proved his own strength. In the eyes of many people, Lee Shau Kee has always been the second oldest of the millennium, has been suppressed by Li Ka-shing, and even many people think that Lee Shau Kee has been suppressed by Li Ka-shing for many years, so he is unhappy to give his son a name called Li Jia-shing.
In fact, this is the view of mainlanders, who in the eyes of Hong Kong people are not inferior to Li Ka-shing in wealth. Li Ka-shing's wealth is mainly in industry, and Lee Shau Kee's wealth is mainly in the capital market. In fact, over the years, Li Ka-shing has lost to Lee Shau Kee several times.
In the Battle of Miramar Hotel, Lee Shau Kee once defeated Li Ka-shing. Miramar Hotel was founded by Lee Shau Kee's good friend Yang Zhiyun. After Yang Zhiyun's death, his children had no intention of running the Miramar Hotel, so they had the heart to sell. Miramar Hotels had a number of luxury hotels at the time, which attracted the attention of many real estate tycoons, who were not trying to take these hotels, their goal was to demolish the hotels and rebuild the properties.
Li Ka-shing was also eyeing the Miramar Hotel at that time, and he quickly made an offer for the Yang family. However, Yang Zhiyun's widow was very dissatisfied with this matter, because before Yang Zhiyun died, he hoped that the sign of the Miramar Hotel could be preserved forever. If the company is sold and the hotel is demolished and rebuilt, the Miramar Hotel ceases to exist.
So Yang Zhiyun's widow asked her son to consult with Lee Shau Kee. Lee Shau Kee is actually interested in acquiring Miramar Hotel, on the one hand, Miramar Hotel is indeed a good asset, on the other hand, it is to help friends keep the company. However, Lee Shau Kee is very clever, he is not willing to open his mouth, he has to wait for the Yang family to find him.
Li Shaoji is really smart, because when the Yang family comes to find him, then he can push the boat along the water, he can also lower the price, and he can also sell a person to the Yang family. At that time, Yang Zhiyun's widow told the media that if it was sold to the fourth brother Li Shaoji, even if it was sold at a discount of half.
In the end, Lee Shau Kee reached an agreement with the Yang family, and the Yang family sold the hotel to Lee Shau Kee at a discount of half, but Lee Shau Kee promised to keep the hotel's signboard and not demolish the hotel for reconstruction. In the end, Li Ka-shing returned from a big defeat and was taken by Lee Shau Kee. The two people also developed a mustard from then on, and later they rarely got together. Now that the two people are older, they have gradually let go of their respective grievances, but this time Lee Shau Kee has defeated Li Ka-shing, and he does not know what Li Ka-shing will think.
In fact, whether it is Li Ka-shing or Lee Shau Kee, their business has been handed over to the next generation to manage, but they will definitely point it out behind their backs.
Many people must be curious about what Lee Shau Kee's purpose was to spend 50.8 billion yuan to buy this land this time. The total area of land purchased by Lee Shau Kee this time is 57,400 square meters, which is equivalent to 86 acres of land. In total, this piece of land can be built with a floor area of 179,400 square meters. Lee Shau Kee will build a commercial center and two office buildings on this land in the future, which will become another landmark building in Hong Kong's Central, according to this design, the total investment of land purchase plus construction costs is estimated to be as high as 100 billion.
That is to say, these real estate developers in Hong Kong have such strength, and there is no real estate company in the mainland that can have such strength to develop such a huge real estate project. The point is that after Lee Shau Kee was built, he was not used for sale, but for rent.
Previously, the landmark building in Central, Hong Kong, was invested by Lee Shau Kee, but at that time he joined forces with Sun Hung Kai and the Hong Kong Metro, and this new project was invested by Lee Shau Kee alone.
In fact, Lee Shau Kee's wealth is also greatly underestimated, and his Htilda property alone is much underestimated. The market value of Henderson Real Estate is only a little more than 100 billion, but the company's net assets have reached nearly 300 billion, which can be said to be greatly undervalued. The market value of Henderson Properties' investment properties alone is as high as 200 billion.
Real estate is only a small part of Lee Shau Kee's many fortunes. Lee also controlled all of Hong Kong's gas supply. Lee Shau Kee bought the China Gas Company in Hong Kong as early as the 1980s. China Gas Company is the only gas supplier in Hong Kong, and Hong Kong China Gas, a subsidiary of China Gas, has also won gas supply in many mainland cities. The gas business alone has an annual profit of more than 10 billion yuan.
In addition, Lee Shau Kee is also the owner of four listed companies such as Hong Kong Xiaolun and Miramar Hotel. Of course, Lee Shau Kee's listed assets are only a small part compared with unlisted assets. Lee Shau Kee used 50 billion yuan in cash many years ago to set up an investment fund.
Later, in just two or three years, Lee Shau Kee developed the size of this investment fund to a scale of 130 billion yuan, and now that many years have passed, the size of this investment fund is at least hundreds of billions. In addition, Lee Shau Kee also holds a large number of rent-collecting properties in foreign countries.
In 1995 and 1996, Lee Shau Kee's wealth ranking was once the fourth in the world, a ranking that Li Ka-shing had never achieved. So far, no other Chinese billionaire has been able to break this ranking. Lee Shau Kee's total assets are at least hundreds of billions of dollars, in fact, just look at the mansions he built in Hong Kong.
In 2010, Lee Shau Kee spent 1.8 billion yuan in Hong Kong to buy a piece of land, the floor price of this piece of land is as high as more than 2 million per square, which is the highest unit price of land in the world, Lee Shau Kee bought it and used it to build three villas, and now 11 years have passed, these three villas have not been built, just to build a parking lot it cost 400 million, after the completion of the villa, the estimated construction cost plus decoration costs total costs of billions, plus the land price is estimated to be six or seven billion at least, the key to this piece of land was bought in 2010 If it is bought now, the estimated land price is more than 3 billion. Looking at the world, there are few people who can spend six or seven billion yuan to build mansions for themselves, except for Lee Shau Kee.