Chapter 299: The Auction Begins
November 20th.
On the day of the auction.
Wang Liu, Wang Zhixin, Yang Kai and others rushed to the province in advance yesterday and made a special trip to participate in the auction.
The location is still in the Provincial Public Resources Trading Center. Seven pieces of land are sold at a time. If you want to buy it, you have to take all of it. You cannot bid alone. The estimated transaction price alone is as high as 600 million to 700 million, and the amount is not small, so you can directly dissuade many small and medium-sized companies.
So there are not many companies participating in the auction this time. Apart from Hongxing and Baishun, there are only two other companies, scattered in the hall, which looks a little empty.
Wang Liu and Fang Baishun were not far apart, and they both noticed each other. After a series of open and secret struggles, there was no difference between the two of them and the breakup.
Last time I met, I made a few polite words and tried my best. This time I was lazy to cover up even when I was chaotic. The eyes were intertwined, and all the cold light flashed without hiding the hostility in my eyes.
"Damn, how can you meet him anywhere? He is so unlucky." He Xinsheng cursed inwardly.
Fang Baishun sat next to him with a serious expression. Such a large piece of land was to be auctioned, and there were still 20 days of public announcement period fermentation and preparation. Wang Liu was not surprised to hear the news and came to participate in the auction.
But when he came, he would probably have some twists and turns if he wanted to successfully capture the land.
He Xinsheng glanced at his face and said carefully: "I heard that Wang Liu recently mortgaged Tiansheng's shares for 800 million yuan. If you guessed correctly, 80% of it was raising money for this auction. We want to beat him to take down this land, and the difficulty is probably much greater than expected."
really!
Fang Baishun's expression became a little more serious when he heard this, and he borrowed another 800 million yuan. In other words, the money that Wang Liu could use for auction this time was at least 800 million yuan, which was more than 100 million yuan more than the more than 600 million he raised.
If it was just this little money, it would be okay, but if he had more than 1 billion, he would have been able to make up for it.
The question is, this is just at least, and has Wang Liu raised other money?
If so, he could take a photo of this land this time, and the cost would probably be much higher than expected.
...
On the other side.
Feeling the hostile gaze that He Xinsheng cast, Wang Zhixin curled his lips and muttered in a low voice: "The old guy is still demonstrating with us. Let you be proud for a while first, and you will be more crying in the future."
Wang Liu glanced sideways, then withdrew his gaze and said lightly: "Don't pay attention to him, pay attention to his expression, don't laugh, and don't talk nonsense. Be careful to let Fang Baishun hear it, notice the problem, and be alert."
After planning for so long, it would be a pity if it failed at the last moment.
Wang Zhixin nodded and said, "Don't worry, I understand."
The auctioneer stood on the stage and was talking about the things to pay attention to. After finishing it one by one, he finally got to the topic: "...Okay, let's go to today's auction stage next.
There is only one subject for this auction, including seven plots of land. The details are all in the information I just posted. I will not elaborate on it here.
I only emphasize one thing that the seven plots of land auctioned must be sold in combination. If you want to auction, you can only buy them all, and if you want to give up, you can only give up. I hope everyone will not forget them.
The starting price of this auction is 215 million, and the price increase shall not be less than 5 million each time. I announce that the auction has officially begun. Please bid enthusiastically!”
"Two-five million."
"Okay, buyer No. 3 has bid 250 million..."
"Two-eighty million."
"The buyer of the No. 2 bid 280 million yuan, is there any price increase?"
Although there are not many people participating in the auction, the starting price of 215 million is not low, but compared with the total value of the seven pieces of land, the price is still a bit low.
As soon as the auctioneer finished speaking, the bidding sounds came one after another, and the price increase was not low. Obviously, they knew the value of these seven pieces of land. They were not weak in being able to participate in this auction. There was basically no possibility of finding a bargain and did not waste time on low prices. In just a few rounds, the auction price was raised to 500 million.
Wang Liu also added two prices in the middle. After the price was raised to 500 million, the bidding began to slow down, and he raised the card again:
"Five hundred million."
"Buyer No. 1 has a bid of 510 million yuan, is there anything higher?"
"Fivetty-two million."
"520 million, buyer No. 4 bid 520 million..."
Wang Liu glanced at Fang Baishun. He was the buyer No. 4. Every time he quoted, he immediately pressed his quote. Now he came again, and the meaning of targeting was very obvious.
Not only was Wang Liu not angry, he also secretly laughed at him. It would be better for him to raise the price.
Of course, I am happy and still have to look unhappy on the surface, with a gloomy face, and raise the sign again without hesitation after hearing this:
"Five Thirty-Millions."
“Buyer No. 1 bids 530 million…”
Before the auctioneer could finish his words, Fang Baishun also bid again: "540 million."
The two seemed to be competing, suppressing each other's price, and in a blink of an eye the bid price easily exceeded 600 million.
This land covers an area of 300,000 square meters, with a floor area ratio of no more than 200,000 square meters, and a total construction area of 600,000 square meters. Based on the bid price of 600 million yuan, the floor price per square meter has reached 1,000 yuan.
Using that simple and crude formula, the house price must be 2.5 times the floor price before the cost can be recovered. The future house price of this land will be sold for more than 2,500 yuan to achieve profitability.
Although the average house price in the provincial capital is close to 3,000, the location of this land is not very good. It is close to the suburbs, and the house price of 2,500 yuan has reached its limit.
In other words, if you bid further, even if you take down this piece of land, there will be basically no profit margin.
Several companies must have done their homework to participate in this auction, calculated these in advance, and the bidding price reached 600 million yuan. The other two companies were very decisive and directly withdrew from the competition.
Wang Liu was originally trying to stir up the market, so he naturally would not retreat and still raised his bid:
"Sixteen hundred and thirty million."
The auctioneer was excited and said loudly: "Buyer No. 1 has bid 630 million yuan, is there any price increase?"
Fang Baishun frowned slightly and did not bid immediately. He secretly thought that 630 million yuan would be calculated based on the current housing prices, even if he got the land, he would have no profit margin.
However, housing prices have risen more and more in the past two months, and it is very likely that they will continue to rise in the future. If you hold the land for two years and then develop it, even if you have a premium now, you will still make a profit in the future.
It is not a problem to continue to increase the price. The problem is that he raised more than 600 million yuan, which still counts several unpaid house sales payments. The bidding will exceed his budget.
Do you still need to add it?
“…630 million second time, 630 million first time…”
“Sixty-forty million.”
Seeing that the auctioneer was about to finish the third time, Fang Baishun didn't hesitate anymore and offered a price again. He thought that he could raise money again, but if such a large piece of land was gone, he would not know when he would have to wait for it.
The auctioneer was instantly excited and said, "Buyer No. 4 bid 640 million yuan, is there any price increase..."
I thought you were going to give up, but fortunately, I couldn't help but bid... Wang Liu breathed a sigh of relief, his face was still gloomy, and he raised his sign again without hesitation:
Chapter completed!