This year's real estate market investment fever continues to decline, but Hong Kong real estate billionaires Lee Shau Kee and Li Ka-shing in order to bid for a piece of land at the expense of tens of billions, and finally ended with Lee Shau Kee's successful bidding, why in such a big environment, Hong Kong rich people still have to buy land on a large scale?
On November 3 this year, Hong Kong's Henderson Land issued an announcement that it had acquired Hong Kong's No. 3 commercial plot, with a cumulative investment of HK$50.8 billion.
It is understood that the total area of the land bid by Henderson Group is 47,000 square meters, the maximum service life is 50 years, and the unit price of one square meter is 338,700 Hong Kong dollars.
It is worth mentioning that as early as 2019, another Hong Kong real estate developer, Sun Hung Kai, had acquired a piece of land near the Hong Kong high-speed rail station for 40 billion yuan, and now Henderson Properties' newly acquired land has refreshed the record for the highest price of land traded in Hong Kong.
Moreover, Lee Shau Kee of Henderson Properties bought the plot after competing with Li Ka-shing's Cheung Shing Group, which proves that the two major Hong Kong real estate developers have taken a fancy to this No. 3 commercial plot, and even the price was once bid for the standard of 50.8 billion yuan, which can make Lee Shau Kee and Li Ka Shing look at it at the same time, how good is this plot?
First of all, it depends on the location of this plot, the price standard of all real estate projects is based on the location, as long as it is close to commercial, tourist attractions, schools and other infrastructure, the price is generally not cheap.
Located on Man Yao Street, New Waterfront, Central, Hong Kong, the commercial lot no. 3 is one of the few good locations in Hong Kong to the north of Mong Kok, which is known for its prosperity, to the west by the University of Hong Kong, and victoria harbour and the undersea tunnel to the east.
The second is that hong Kong's land can be said to be inextricably large, because a large number of commercial lots have been developed, so the land left for developers has been left, and this time the bidding for the Third commercial plot is the first new land plot sold in Hong Kong after the completion of the Sun Hung Kai bidding in 2019, and according to the Hong Kong land planning, there will be no new development plots planned in the next few years.
Therefore, from two aspects, this no. 3 commercial plot is a good location, and the other is that resources are scarce, so it will attract real estate bosses such as Lee Shau Kee and Li Ka-shing to compete for it.
This time Lee Shau Kee's Henderson Land property took this land, the future planning of the land is probably also eyebrows, because Lee Shau Kee's company has only developed high-end residential products and commercial streets, so after the plot is taken down, it is very likely to develop to these two projects in the future.
But how to say that Li Ka-shing is also the richest man in China and Hong Kong, why did he lose to Lee Shau Kee in the price competition?
Seeing that Li Ka-shing, who was once The richest man in China, did not compete with Li Shau Kee, many people must have been surprised, in fact, Lee Shau Kee was able to bid for this plot, on the one hand, the bidding cost of his investment was higher than that of Li Ka Shing, on the other hand, his personal wealth value was not inferior to Li Ka Shing, and he had not disclosed his actual assets to the outside world, so in the process of bidding, no one knew what kind of height Lee Shau Kee could raise the price to next.
It should be known that Lee Shau Kee's total market value of Henderson Real Estate is only 100 billion, but its net assets are as high as 300 billion, and the market value of an investment company under his name is as high as 200 billion.
Moreover, Lee Shau Kee's personal asset business is not only real estate, like Hong Kong's coal-fired natural gas supply has Lee Shau Kee's investment share, from lee shau Kee's gas company released data, its annual net profit has exceeded 10 billion yuan.
Moreover, Lee Shau Kee also owns 4 listed hotels, and it is precisely because of the multi-channel revenue that Lee Shau Kee's personal assets will become a mystery in the industry.
Therefore, this time Li Ka-shing and Lee Shau Kee failed to bid, in large part because of the underestimation of Lee Shau Kee's asset strength.
Many people may ask, Hong Kong's housing prices are already very high, can Lee Shau Kee really sell profitably when he wins the plot this time? Nowadays, most young people in Hong Kong have begun to choose to rent a house to live, and the high housing prices have deterred them, and Lee Shau Kee has won such a large plot, the price of the house after completion is bound to be not too low, and the pressure on its sales will be very large.
In the future, will Lee Shau Kee's HK$50.8 billion be able to return to the capital and make a profit, and will his real estate business continue to accumulate wealth? Do you have any good opinions?