I Want To Be a Rich Man on Hong Kong Island

  Chapter 456 [Set off a boom in commercial building reconstruction in Central 2]

  Wu Guangyao pointed to the Lane Crawford Commercial Building at this time, and said, “The land of this building belongs to the Baiyou Group, so it will be invested by Baiyou Group, and it will be called ‘Baiyou Building’!”

  Fu Hongru happily said: "Great! Our Baiyou Group can be considered to have its own building!"

  Building is a symbol of the strength of a company. Later large companies on Hong Kong Island will have their own building; every wealthy family will also own more than one building.

  Pass Lane Crawford Building, the next road is Queen’s Road, Yangtze River Building (the site of the old Universal Building) is located on Queen’s Road, and Everbright Building is also located on Queen’s Road.

  Wu Guangyao has been on Hong Kong Island for so many years, there are only a few properties (5 buildings) in the front of the four roads across the road in Central. The rest of the buildings are in the hinterland of Central, or Western District, Wan Chai, Causeway Bay and other places.

  At present, the Wu family has a total of 28 commercial buildings in Western District, Sheung Wan, Central, Wan Chai, and Causeway Bay on the island (excluding Kowloon) (including the old commercial buildings and the Li Cui's building).

  Among them, there are 19 Central Commercial Buildings, 3 Western District Commercial Buildings, 1 Sheung Wan Commercial Building, 2 Wan Chai Commercial Buildings, and 3 Causeway Bay Commercial Buildings.

Among the 19 Central Commercial Buildings, 4 Central Commercial Buildings have been completed (Universal Building, Cheung Kong Building, Everbright Building, Dongfang Building), 4 Central Commercial Buildings are under construction (completed around 1970), and some are already under construction. 2 planned commercial buildings in Central (Cheung Kong Building and Baiyou Building);

In other words, there are still 9 old commercial buildings in Central that can be demolished and rebuilt, of which five old commercial buildings in Central were purchased in 1958 (at that time Hong Kong Island real estate plummeted due to oversupply), and the remaining four old commercial buildings in Central were Purchased in 1967;

  It can be seen that the old commercial buildings of Zhonghua are already difficult to buy at low prices!

  The group spent a morning strolling in the Central District with enthusiasm. At noon, they found the nearby Lu Yu Tea Room, and planned to eat and talk.

  Lu Yu Teahouse has a history of more than 20 years on Hong Kong Island, and it was the main concentration of merchants in the Central District throughout the 1950s and 1960s;

  In the public area (lobby) of the tea room, some merchants didn’t know each other, but they could get acquainted with each other, and then they could do business in partnership;

   Among the more classics are Sun Hung Kai’s "Three Musketeers" Guo Desheng, Li Zhaoji, and Feng Jingxi, who met and started their joint ventures here;

  After the 1970s, Lu Yu’s tea room seems to have built a building-Lu Yu Building. Lu Yu Tea Room still operates in this building and has become an old signature of Hong Kong Island.

   "Wu Sheng, welcome, you haven't been to the tea house for a long time!" The boss of Lu Yu tea house saw Wu Guangyao sharply and greeted him warmly.

   "Isn't this just coming! Arrange boxes for us, and arrange the lobby if we don't have enough!" Wu Guangyao said with a smile. He and boss Lu have known each other for more than ten years, so he is an old man.

  Boss Lu looked at the large group of people behind Wu Guangyao, and immediately said with joy: “Hey! They are all Wu Sheng’s executives. President Shi and President Fu are in a great tea room today. I will make arrangements right away!”

  Boss Lu is obviously a jack of all trades and knows many executives of Wu Guangyao.

  A group of people, led by Boss Lu, came to a box;

  As for the bodyguards and accompanying staff, they can only eat in the lobby.

After sitting down, Wu Guangyao said in a familiar manner: "Boss Lu, the big bun with chicken balls, fresh lotus rice with shrimps, and minced fish fillet, let the chef make it first. I'm afraid we won't be able to eat it later. The three in your tea room are amazing!"

  Boss Lu said with a smile: “Others may not be able to eat them when they are late. Wu Sheng has come. I will buy the ingredients right away, and I have to present them to you.”

   Boss Lu said so, but he turned around and immediately confessed to the restaurant staff in Tang suits, obviously he was going to place the order first!

  The three items ordered by Wu Guangyao are dishes (dim sum) that many restaurants find troublesome and do not make;

  But it tastes really delicious when it is done. It is not wrong to say that it is the three must-try of Lu Yu Teahouse!

  After ordering the food, Mr. Lu didn't bother too much and turned and left the box;

  Because he knew that since Wu Guangyao ordered a private box today and did not order wine for lunch, he naturally wanted to discuss business affairs, so he would not want to be disturbed too much.

While waiting for the meal, Wu Guangyao said: “To call everyone to visit Central today is not a whim and trouble with Jardine Matheson! It’s that I want to formulate a ten-year'Central District Redevelopment Plan'. The first phase of the project is Cheung Kong Building, Baiyou Building and Lane Crawford Plaza; the second phase is the redevelopment of four old commercial buildings in Stanley Street and Wellington Street; the third phase is the redevelopment of five other old commercial buildings in the Central District ."

  After hearing this, everyone suddenly realized that this is what the boss thought!

  Shi Jun said: “It is conceivable that the redevelopment boom of the commercial buildings in the Central District will be set off by the boss, and I am afraid that it will be the land company that will follow. For the rest, if the emerging real estate company goes public, it will not be a problem to build one or two buildings.”

Shi Jun has analyzed the future trend. Eight months have passed this year. There are already 12 companies that have gone public, and the total number of listed companies in Hong Kong has reached 75. This shows a problem, more and more. Companies will choose to go public next!

Wu Guangyao remembers that from 1969 to 1972, the number of listed companies on Hong Kong Island increased by more than 80, from the original more than 50 listed companies to more than 130, including Chinese capital. Five tigers in real estate.

   Li Xing said: “In fact, there are still many old commercial buildings on Hong Kong Island. As long as the boss is willing, he can participate in more commercial building reconstruction!"

  Everyone agreed. This is indeed a fact. Many of the owners of these old commercial buildings are not real estate merchants;

  As long as the old commercial building is bought from them at a high price, it is not a problem how many Zhonghuan commercial buildings Wu Guangyao wants to own;

  There are also some commercial buildings that are clubs, such as the Hong Kong Club and the Chinese Association. If Wu Guangyao wants to participate in the reconstruction, he can also choose to rebuild in partnership.

  From this attitude of everyone, everyone obviously knows that there are two reasons why Wu Guangyao can participate in the reconstruction of these old buildings:

  First, Wu Guangyao’s annual dividends in shipping are as high as several billion Hong Kong dollars. Everyone has some predictions, so the funds are abundant;

  Secondly, Wu Guangyao’s senior executives are obviously very optimistic about the future of Hong Kong Island, and they are unwavering “big friends” of Hong Kong Island’s real estate.

  So, everyone thinks that since the boss is rich, and investing in this kind of commercial building is still profitable, it is natural to support the boss to continue to participate in more central commercial building reconstruction!

  Wu Guangyao shook his head and denied everyone's proposal.

   Wu Guangyao said: “First of all, I have booked three buildings (Exchange Square One, Two and Three) for the bus terminal in the Central Reclamation Area;

Secondly, the subway plan for Hong Kong Island is about to be released. The probability is that it will pass through Des Voeux Road. Then it will be very profitable to build development rights on it. If a few commercial buildings are built, even if my territory in Central is complete, there is no need to compete with others. Eat, at least you have to give others a chance!

  Finally, even if I have so much funds, we don’t have so much energy. After all, building a building is an important event. "

  The development right on the subway mentioned by Wu Guangyao is the development right of the subway Central Station and Admiralty Station that Li Chaoren won the bid in the past, and the buildings to be constructed later include the Global Building and the Admiralty Center;

  It was with this battle that Li Chaoren defeated the indispensable Land Company, and then Li Chaoren’s Cheung Kong changed from a medium-sized real estate company to a first-class real estate company on Hong Kong Island.

  Everyone thinks about it, the benefits of the world can never be taken up by one person, and the boss’s funds can’t be invested in the island.

Li Xing said: “I’ll talk about things in the future. Our top priority is to form a complete plan for this ten-year plan; especially the Cheung Kong Building, Baiyou Building, and Lane Crawford Plaza. Once these three buildings are beautifully completed, Well, as the boss said, if one of the five commercial buildings of Hongkong Land is the'natural heart' of the Central District, then we have entered the heart of Hongkong Land."

  In any case, everyone still likes to compare with Land, after all, Land is the old "Land King" in Central District, and the Yangtze River System is the new "Land King" in Central District.

  (End of this chapter)