People in Hong Kong create super chaebols

After Su Cheng learned about the current situation of Tianqi Property Company, he left Tianyuan Building.

He did not go home directly, but took a newly recruited deputy general manager of Tianqi Property Company with him and asked the deputy general manager to take him to inspect some of these properties with relatively high market values.

After all, you have to understand your property.

Of course, only those properties with tens of millions of Hong Kong dollars and above were worthy of his visit. As for properties with hundreds of thousands and millions of Hong Kong dollars, Su Cheng was too lazy to go.

He bought properties from more than 500 property owners, and some properties were sold for several buildings at a time, so it was impossible for Su Cheng to look at them one by one, and he didn't have so much energy to waste on it.

Despite this, there are more than 30 properties that cost more than tens of millions of Hong Kong dollars.

After the boss left, Zheng Qingbo went to Li Shuai, the general manager of Xiayi Media Company, and Chen Zhibai, the president of Oriental Newspaper Group.

The reason for the call was naturally to tell them that Su City had spent tens of billions of Hong Kong dollars to purchase properties.

After making the call, some information was sent to them via fax machine. Of course, the real transaction price will definitely not be sent. This kind of transaction amount is a secret and it is not appropriate to publish specific data.

As for why it is said to be tens of billions of Hong Kong dollars, it is very simple. This gimmick is still good and will definitely attract everyone's attention.

Su Cheng did not tell him to do this, but Zheng Qingbo felt that these properties were already worth tens of billions of Hong Kong dollars, and he did not lie when he purchased properties worth tens of billions of Hong Kong dollars. If you hire professionals to evaluate them, it will definitely be enough!

Spread the word, and the more popular it is, the better, so it might be easier for Tianqi Property Company to recruit renters.

Now, after acquiring these properties, Zheng Qingbo's job is very simple: manage the properties under the name of these companies and try to increase the rental rate.

Rent is the source of income for these properties.

The more rentals there are, the more revenue the company will earn.

In this way, his abilities will become more prominent and he will be able to perform well in front of Su Cheng.

Su Cheng didn't know what he was thinking, and even if he knew, he wouldn't care.

In Xiangjiang, his reputation is already big enough, and he is openly recognized as the world's richest man. Spending tens of billions to buy real estate, no matter how exaggerated, is just a hot news for him.

After Li Shuai and Chen Zhibai received Zheng Qingbo's news, they immediately found the company's best writers and arranged the matter for them.

A property with a market value of tens of billions, let alone Xiangjiang, would be a sensation even in the whole world!

The next day, as two newspapers announced the incident, everyone in Hong Kong was shocked.

It turns out that the sudden increase in real estate transactions in Xiangjiang during this period actually came from the richest man in Su Cheng.

Originally, everyone began to have confidence in the real estate market in Xiangjiang because of the increase in real estate transactions in Xiangjiang.

But now, when they learn that the reason behind all this is not the recovery of the market, but the actions of individuals, some owners are suddenly disappointed.

Especially those owners who did not end up negotiating with Hutchison Whampoa Group's negotiation team and did not sell to others suddenly regretted it.

Even the big bosses such as Shen Bi, Nie Bijian, Charter King, etc. were surprised by Su Cheng's generosity.

The two newspapers also specifically mentioned some properties that were transacted.

The former Federal Building in Central, Mong Kok International Building, a land parcel in Central that was auctioned for HK$23.8 billion last year, Sheung Wan Land Freight Terminal, Tak Tin Industrial Park in Kwun Tong, On Lap Industrial Park in Chai Wan, Wah Hing Building in Tsim Sha Tsui, etc., Jianquan Apartment in Tsim Sha Tsui Buildings and more.

A truly generous act!

In this era, everyone relies on bank revolving loans to continue investing.

There may be something like this in Sioux City with small capital, but there are very few in the world with such large capital. why? Because the return on investment is too slow.

For example, the Wharf Group has properties with a market value of several billion Hong Kong dollars.

However, if it only relies on rent collection, the Wharf Group's annual income will only be a few hundred million Hong Kong dollars. It will take at least more than ten years to recover the funds invested.

In the eyes of ordinary people, it is already very good to be able to recover the cost in more than ten years.

But Wharf Group is a big group after all. It relies on a few points of profit a year. It not only has to repay loans from banks, but also invests in other projects, such as Harbor City. How can it survive?

This is why the real valuation of Wharf is obviously high, but the stock price is not high.

Sioux City is completely different.

These properties of his were purchased with real cash, rather than borrowed money. For him, there was no pressure to repay the loan at all.

These properties can currently collect hundreds of millions of Hong Kong dollars in rent a year, and Sioux City is very satisfied.

As real estate prices in Xiangjiang rise in the future, rents will continue to rise, getting higher year by year.

Now the rental income is hundreds of millions of Hong Kong dollars a year.

After ten years, it can reach HK$2 to 3 billion a year.

Twenty years from now, rental income of tens of billions of Hong Kong dollars a year or even higher is not impossible.

If nothing else, once the world's tallest building is built on the Central site, the rent in the next year will reach several billion Hong Kong dollars.

Then, a commercial building comparable to the Harbor City across the bay will be built on the Sheung Wan Land Cargo Terminal, another source of high rental income.

Thirty years from now, it will be too easy to earn tens of billions of Hong Kong dollars or even hundreds of billions of Hong Kong dollars a year.

Therefore, what Sioux City is counting on is not the current rent of hundreds of millions of Hong Kong dollars a year, but their future!

Others don't have the strength to wait like this, but Sioux City does!

Although there are many other investment projects in the world, it is impossible for Sioux City to take them into consideration.

What's more, it's not like he didn't invest. Tianyuan Investment Company has been secretly absorbing stocks whose stock prices will rise extremely high in the future.

Therefore, Sioux City has made many preparations for the future. These are all considered layouts for the future.

Even if Xiao Ai in his mind suddenly disappeared from him, he would not panic because he was fully prepared for the future!

Su City has been extremely busy these days.

There are more than 30 properties distributed throughout the city center of Xiangjiang, and each property is large enough.

Therefore, he can only look at five to eight properties a day at most, and then he has a general understanding of his own property, so that when he comes here in the future, he will not know that this property is his own.

Five days later, Su Cheng finished inspecting the properties he had purchased for more than 10 million Hong Kong dollars.

After reading it, Su Cheng was filled with emotions.

These properties are located in Central, Sheung Wan, Wan Chai, Causeway Bay, Chai Wan, North Point, Tsim Sha Tsui, Mong Kok, Hung Hom, Kwun Tong and other places.

If you include those properties with millions of Hong Kong dollars and hundreds of thousands of Hong Kong dollars, it can be said that his properties have been spread all over the city center and suburbs of Hong Kong.

Sioux City’s Xiangjiang business map is beginning to take shape! (End of chapter)