I Want To Be a Rich Man on Hong Kong Island

  Chapter 517 [The city is full of Wu's properties 1]

  One weekend before the Lunar New Year, Wu Guangyao greeted a group of real estate executives enthusiastically and admired Hong Kong Island together;

  I said to appreciate Hong Kong Island, but in fact it means to check the real estate on Hong Kong Island. Everyone understands this!

  At this time, Wu Guangyao has determined the real estate road of the Wu family;

  In the future, the Wu family will own four real estate groups on Hong Kong Island, namely Cheung Kong Holdings, Cheung Kong Properties, Wharf Group, and Hutchison Whampoa;

  Among them, Cheung Kong Holdings and Hutchison Whampoa guarantee their listing status and do not make preparations for privatization. This can be regarded as practicing their own style of doing things-together with money!

  Changshi Real Estate and Wharf Group chose not to go public, and the listed Wharf will be privatized and delisted when the stock market crash comes.

  In addition to these four real estate groups, Dairy Farm, Qingzhou Cement, and Hong Kong Tram have a large amount of land, all of which will be sold to Cheung Kong Real Estate and Wharf Group, as private land, as a strategic reserve.

  There was a saying in the past life: LANDMARK dominates Central, Wharf dominates Tsim Sha Tsui, Hysan (Lee) separates Causeway Bay, and Xinhe dominates Tsim Sha Tsui.

  Landland is located in Central. At present, Landland does have many top properties in Central, but the Wu family is not weak either;

  Except for the central area of ​​Central, where there are 4 fewer buildings, in other parts of Central, the Wu family has more;

  So at this time, ‘Landmark in Central’ should be changed to ‘Two Tigers in Central’.

  Wharf dominates Tsim Sha Tsui, Wu Guangyao said that this statement is good in the past and present;

  However, in this life, the owner of Wharf has been replaced by the Wu family;

  Moreover, the Wu family is more dominant;

  New World Center, Yangtze River Center, Galaxy Center (next to Peninsula Hotel, Kowloon Diwang), Starlight Building, these properties are the best properties in Tsim Sha, belong to the Wu family.

  Hysan seized Causeway Bay, saying that Hong Kong Lee House owns a large area of ​​land and properties in Causeway Bay, and is the handle of Causeway Bay;

  However, this statement may have to be changed again;

  The Wu family owns 900,000 square feet of land in the Hong Kong Tramway Plant in Causeway Bay (previously Times Square);

  Owning Dairy Company’s dairy factory and ice factory in Causeway Bay totaling more than 1.3 million square feet of land (previously the Excelsior Hotel, Convention Center, World Trade Center, Duke of Windsor Building, and some high-end residences);

  In addition to the Causeway Bay property owned by the Wu family, this Causeway Bay has to be carried by the Wu family!

  Xinhe dominates Tsim Sha Tsui East, which is the eastern part of Tsim Sha Tsui (the former Wing On Center to Nanyang Center). Xinhe is Xinhe Real Estate, founded by Singaporean wealthy businessman Huang Tingfang, Huang Zhixiang and his son;

  Tsim Sha Tsui East, from Tsim Sha Tsui to Hung Hom, was slowly reclamation by the Hong Kong government;

  At this time, except for the westernmost Yangtze River Central Commercial Complex, the rest of the land is still in the hands of the Hong Kong Government;

  The so-called Xinhe dominates Jiandong. First of all, you have to ask the Wu family whether they agree with it!

  As far as Wu Guangyao knows, these plots will be released in the mid-1970s;

  At that time, Xinhe’s capacity to drink soup will be good;

  In the past life, the reason why Xinhe Real Estate was able to buy so many land was due to the real estate downturn during the oil crisis. Therefore, Xinhe Real Estate bought these land at a high price. Some people even made fun of the Huang family and his son.

  Previous life, in the mid-1970s, the Hong Kong government auctioned 1.6 million square feet of land in Tsim Sha Tsui East, almost half of which was sold by Xinhe Real Estate;

  In this life, Wu Guangyao doesn't want much. These land relies on the sea to stay, and whoever wants the rest!

  Wu Guangyao and a group of real estate executives first came to the Qingzhou Yingniheyuan Street General Factory located in the northeast of Hung Hom;

  This plot of land is 900,000 square feet, very close to Kai Tak Airport, but it is all industrial land;

  At this time, Wu Guangyao already owns 48% of Qingzhou Yingni's shares, and is just about the last step of privatization;

  But Wu Guangyao does not intend to privatize Qingzhou Yingni, but directly sells this piece of land to himself during the real estate downturn;

  In his previous life, this is how Li Chaoren did it!

  Moreover, Wu Guangyao does not intend to change the use of this land, but directly builds a large number of industrial buildings and a small number of commercial buildings;

  There are two reasons for this:

  First, the cost of changing the nature of this land is absolutely high. After all, it is changing from industrial land to commercial land or residential land.

  Second, Wu Guangyao's vigorous development of industry also requires a large number of factories; even if the development of housing is more profitable, Wu Guangyao will not be exhausted.

  While the Wu family has a lot of industrial plants, Shauqiwan, Tsuen Wan, Kwun Tong, Tseung Kwan O, and Kwai Chung have a large number of plants, but Wu Guangyao promises himself that these places will never develop residential buildings and will always be industrial plants.

  "This land will build a high-tech industrial zone in the future!"

  After listening, everyone worshiped Wu Guangyao even more;

  Who dares to talk about high-tech on Hong Kong Island, I am afraid that only his own boss has mastered the high-tech industry.

  Shi Jun said: “If this is developed into a high-tech industrial park, then I’m afraid the Huangpu Dockyard next door will appreciate immediately!”

  Wu Guangyao nodded, and said, “Then let’s go and see the Huangpu Dockyard!”

  This makes a lot of executives have ideas in their hearts, and the boss will never take everyone to Hutchison Whampoa for no reason;

   "Speaking of which, we have never developed a ‘super-large housing estate’ project. It’s really a shame for the reputation of the largest real estate group on Hong Kong Island!" Wu Guangyao sighed.

The “large-scale housing estate” on Hong Kong Island is considered to be the first of Cheung Kong's development. At that time, 1,900 residential units were built with 150,000 square feet in the Yau Tsim Mong area; but the real “large-scale housing estate” was Mei Foo Estate in 1966. Mei Foo New Village was built with 250,000 square feet of land; Mei Foo New Village has 99 20-storey high-rise buildings, with a total of 13110 "pigeon-style residential buildings", which are squeezed to the extreme; but even this squeezed dove-style residence is extremely squeezed Lou, at that time was also the dream of the middle class in Hong Kong!

  People don’t know what Wu Guangyao’s exclamation means. Does the boss really have a way to win Hutchison?

  Everyone can't help but feel shocked, but I can't ask about this!

  Shi Jun sighed: "To put it bluntly, we just don't have this kind of more than 2 million square feet of land. Otherwise, we will develop this kind of large-scale housing estate.

  Wu Guangyao looked at everyone, and said, "What anxious, before you retire, there are many opportunities!"

  Previous life, Hong Kong Island can be called a large-scale housing project, which can be said to be one of the few!

  Taikoo Shing (Taikoo Dockyard), Whampoa Garden (Whampoa Dockyard), Shatin City One.

  Taikoo Shing needless to say, Wu Guangyao can't intervene much; at most, he bought the land of Saixi Lake (864,000 square feet) from Taikoo, and he may also participate in the first three phases of the city’s investment;

  When Wu Guangyao acquired Hutchison Holdings, the second phase of Whampoa Garden had already been developed, but there is no need to worry, because the entire Whampoa Garden has as many as 12 phases, and the entire Whampoa Dock should be more than 2.1 million square feet.

Shatin City One has a total area of ​​2.5 million square feet. The previous life was a consortium formed by four major families of real estate companies led by Cheng Yutong. The development rights acquired through reclamation were obtained. In this life, Wu Guangyao intends to get a share of the pie; In this way, it should be said that I am giving a piece of the pie to other Chinese capital.

  The other large housing estates are not listed for the time being, but Wu Guangyao already has an ambition;

  This ambition is very big, even bigger than a plan to develop large-scale housing estates;

  That is the development of new towns, the development of the new town of Tin Shuiwei, a new town of 52 million square feet!

  Of course, the timing in all aspects is still immature, but Wu Guangyao will make arrangements in the mid-1970s.

  We will not show these for the time being, a group of executives heard Wu Guangyao say that everyone still has a chance before retirement;

   suddenly knew that the boss was indeed eyeing Hutchison Business;

  As for how to win, no one can guess!

  At this time, although Hutchison Holdings is already developing the Whampoa Dock, the first phase of Whampoa Garden is on the innermost land inland;

  Obviously, every real estate company knows that the sea view house is the top priority and should be left for the final development;

  Not only is the experience rich, the house price will also appreciate a lot!

  Because of this, Wu Guangyao did not feel the slightest heartache when looking at the first phase of the Whampoa Garden under construction.

  (End of this chapter)