Chapter 1497: Super High
Translator: EndlessFantasy Translation Editor: EndlessFantasy Translation
Tianheng Holdings had always been a magical corporation in the hearts of many businessn. It appeared out of nowhere and flourished everywhere. All of a sudden, it dominated the world by becoming the top household na in the field of departnt stores.
Today, would they be getting involved in the real estate industry?
“Hello, everyone. Welco to the auction for the S-D plot of the South City Economic Developnt Zone. There are many well-known companies here today, and I believe you all know each other very well already. Allow to introduce a new company today. With a comprehensive A-class qualification, this new company finally joins our auction today. Whether as a company or a person, I believe everyone is familiar with this na. This company is none other than Tianheng Holdings. At the sa ti, I’d like to thank the chairman of Tianheng Holdings, Ms. Nangong Nuannuan, for participating in this bid.”
Then, the auctioneer led the applause.
Everyone clapped along with him while still dazed by the surprising announcent.
Tianheng Holdings was a foreign business with extrely powerful funds. Previously, it had always been the CEO, Aiden, who was in charge of everything. Anyone from any major family planned to find out Aiden’s identity. However, this person built great defenses from getting scouted. Add to that Tianheng’s deep financial support, many people could not help but wonder who the boss behind Tianheng Holdings was.
Now that it had finally been revealed, everyone was completely stunned.
It was Nangong Nuannuan!
The granddaughter whom the Nangong family had acknowledged not long ago!
Five years ago, she should still be a child, right?
How did she manage to establish Tianheng Holdings and build it into what it was today?
Without giving everyone ti to be shocked, the auctioneer continued, “Now, let’s get back to the main event of the day. South City Economic Developnt Zone, S-D plot is a dual-purpose plot of land for comrcial and residential use. It has a total of xx hectares, with a capacity of xx%, and the largest building area is xxx hundred thousand square ters. This is the first ti in five years that South City is able to auction off such a large plot of land. This is the ti for the rapid developnt of real estate. Our population is gradually increasing, but the number of available lands is decreasing. I’m sure I don’t need to elaborate more on the comrcial and residential utility of this plot of land. Based on the current land prices, the Licensing Departnt in the executive hall will offer a minimum price of 67000 per square ter, which is a total of 31.8 billion yuan. The specific details have been released before the auction. According to our rules, we will allow everyone 15 minutes to bid on this piece of land. Please write the amount you are offering on the iPad given to you and we will announce the highest bidder imdiately. This plot of land will go to the highest bidder.”
The price of the building alone was 67000 bucks per square ter. After bidding for the land, the cost for manpower, construction fees, materials fees, and various administrative fees would have to be accounted for. There would definitely be an additional hundred thousand to be added to the cost. In addition, the developer would want to earn a little bit more from the sales margin. Based on the starting price, even if it was not being put forward in an auction, the building would be offered at 130000 bucks per square ter to sell.
Although 130000 bucks per square ter were not considered expensive in Emperor District, South City Economic Developnt Area was quite far from the city center. The public facilities were not considered complete, and it would take so ti for this area to develop. Thus, 130000 bucks per square ter were considered expensive.
However, this was not the price offered at the auction.
Looking at the surrounding buildings, their sales prices were basically around a hundred thousand. This building complex would beco a landmark after it was built, it would be normal for the average price to have an incrent of twenty or thirty thousand bucks. However, if the price went up too high, it might ruin the building instead.
Initially, everyone thought that 30 billion would be enough to buy this plot of land. Now, the starting price was 31..8 billion, which directly exceeded the limit of many third-tier and second-tier wealthy corporations.
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