I Want To Be a Rich Man on Hong Kong Island

  Chapter 558 [Cooperation with Swire International! 】

  Shiyoke, a senior member of Swire Pacific, met with him, and Wu Guangyao's mouth curled up and smiled;

  Because Wu Guangyao knew that good things came to him!

  Old Schyoke’s appointment at this time must be for real estate matters;

   Wu Guangyao conjectured that there may be two things:

  First, Swire Pacific sold the land to itself, and the funds raised were used to develop real estate projects;

  Secondly, Swire Pacific intends to cooperate with Cheung Kong to develop the first few phases of the city.

  No matter that, Cheung Kong Holdings will make a lot of profits!

  There is actually a reason why Swire Pacific is so conservative and distributes the benefits to others;

  This starts from the real estate development experience of Swire Pacific:

  In the 1950s and 1960s, Swire Pacific had never been involved in real estate, but sold a large amount of land;

  For example: In the 1960s, Swire Pacific sold the Taikoo dormitory lot in Quarry Bay on the island's side, which was later built by real estate developers into crowded pigeon-style residential buildings such as [Sea Mountain] [Sea View] [Fuchang];

  For example, in 1967, Swire Pacific sold Blue Chimney to Cheung Kong, and now it is built into a new world center;

  For example, in the early 1970s, Swire Pacific sold the land on the east side of Hualan Road, Quarry Bay, to Chinese real estate developers, and built Renfu Industrial Building, Crown Motors, Baofeng Garden, etc.

  Although Swire has sold a large amount of land, it still has a large amount of land in its hands;

  This is the advantage of established foreign firms and established companies!

   Therefore, Wu Guangyao is also keen to acquire these established British companies because of two advantages:

  First, these companies have large land reserves, and the land is very cheap and very large.

  Second, the businesses of these companies can bring them stable dividends.

  In 1972, the Swire Group saw that the real estate industry on Hong Kong Island was prosperous and the world shipping industry began to decline, so Swire Properties was established;

  Swire Pacific plans to close the Taikoo Dockyard and develop its 2.3 million square feet of land for real estate development.

  However, the real estate industry needs professionals;

  Not to mention such a huge real estate plan, it is necessary to have real estate background in order to be successfully developed!

  It is for this reason that Wu Guangyao sold the land that could be developed into large-scale housing estates to Cheung Kong;

  Because Cheung Kong Holdings has a lot of experience in developing large-scale housing estates, and its own private real estate company, Cheung Kong Real Estate, can only be regarded as a real estate company (rent collection), with zero experience in developing residential projects.

  In order to increase the real estate experience and absorb real estate professionals, Swire Properties formed a joint venture with a Chinese-owned real estate company-Dah Chong Real Estate to form Swire Properties (will acquire Dah Chong’s shares in the future);

  Subsequently, Taikoo Chang acquired another small real estate company Jiancheng Real Estate;

  In this way, Swire Pacific finally has some strength in real estate development!

  It can only be said that Swire Pacific has some strength, but the development of such a large project of Swire Dockyard, the establishment of Swire Chang Properties for two years, is still not qualified!

  So, Wu Guangyao calculated that Shi York would find him, there must be something good!

  Wu Guangyao took Li Xing and the two to the headquarters of Swire Pacific.

  After a few greetings, everyone sat down in Schyoke’s office.

  "Mr. Wu, President Li, Yangtze River Holdings has made a lot of moves recently?" Old Shiyoke said tentatively. At this time, the real estate and the stock market are two difficult brothers, so Shiyoke intends to test Wu Guangyao's views.

  Wu Guangyao said with a smile: "It's not a big move, it's a plan decided before!"

  Seeing Wu Guangyao easily put the topic aside, Shi York is not in a hurry, but intends to throw bait;

   "Mr. Wu, Swire Pacific plans to auction off the Saixi Lake lot and part of the Taikoo Valley in the near future. I wonder if you are interested in it!"

  Wu Guangyao frowned, Shi Yueke actually said that he wanted to auction instead of selling it to himself!

   "Mr. Schyoke, auctions are time-consuming and laborious. Why don't you make a price? My boss may be able to negotiate with you today!" Li Xing said with a smile.

  Li Xing knows that Wu Guangyao not only wants the land sold by Swire International, but also wants to further cooperate with Swire International to strive to develop the land of Taikoo Dockyard; therefore, it is necessary to take the initiative.

  Wu Guangyao nodded and said: “Mr. Schyoke, since I have been appointed, I definitely don’t want to auction the land! What’s more, the auction is time-consuming and laborious, and at this point, it’s easy to make a low price!”

  Shiyoke thought in his heart that he had won a game, and this little treacherous Chinese businessman must slaughter him today.

  If Wu Guangyao knew Shi York’s thoughts, he would surely snorted in his heart;

  You thought you had slaughtered me, but from the perspective of the future, you think I have scam you again!

  Shiyoke took out the map of Hong Kong Island, clicked on the mid-levels of North Point, and said: "The Saixi Lake site is 865,000 square feet and the price is 100 million Hong Kong dollars!"

   Li Xing quickly retorted: "Mr. Schyoke, the area that can be built on this piece of land is less than one-tenth! You are asking for 100 million Hong Kong dollars, isn't it a bit too much?"

  Wu Guangyao did not speak, and nodded in agreement with Li Xing’s words.

  Syoke said with a smile: "Because of this, I only asked for 100 million Hong Kong dollars!"

  Wu Guangyao still did not speak, Li Xing took the initiative to bargain with Shi York;

  According to Li Xing’s idea, 75 million Hong Kong dollars would be good, but Shiyoke insisted on not letting go at 90 million Hong Kong dollars!

  Finally, Wu Guangyao said: "Mr. Schyoke, 85 million Hong Kong dollars, the cash will arrive immediately!"

  Schyoke hesitated for a while, and nodded in agreement. Obviously he was also considering that if he cooperates with Cheung Kong Industrial, it is better not to make a fuss too much now!

  Next, the two parties discussed the price of Taikoo Valley No. 1 site;

  This piece of land is about 500,000 square feet. Because it is mid-level, the final transaction price is 65 million Hong Kong dollars.

  The two plots of land that can cover high-altitude development rights are very few, so the price is so low;

  But Wu Guangyao knows that although these plots are not flat, they are also subject to the Hong Kong Island FAR Regulations;

  But you can develop an amusement park!

  Amusement parks can not only bring in a lot of income, but also increase the price of properties on the land;

  It can kill two birds with one stone!

  Because of this, Wu Guangyao did not care about Shi Yueke, and the price did not cut too hard;

  Of course, there is also hope to cooperate with Taikoochang Real Estate to develop Taikoo Shing.

  Sure enough, after discussing the two plots of land, Shiyoke and the executives of Taikoo International became grandiose.

  Schyoke asked first: "Mr. Wu, what do you think of the future development of the real estate industry on Hong Kong Island?"

  Since he wanted to cooperate with Swire Pacific, Wu Guangyao decided to show his sincerity: "Naturally it is very good!"

  "Mr. Wu, President Li, Cheung Kong has accumulated a lot of real estate experience and has a large number of real estate professionals over the years, which makes us very envious! To be honest, Swire Pacific will announce recently that it will develop the Taikoo Dockyard."

  Wu Guangyao pretended to be shocked and said, "This is a big project!"

Shiyoke nodded and said: "This is not a secret, I will open it to the two of you! We will build a large-scale housing estate project-Taikoo Shing on the 2.3 million square foot Taikoo Dock site. The entire project will build 50 buildings of 26. Residential buildings ranging from floors to 30 floors, with a total of 10,000 residential units, which can accommodate 70,000 people. At the same time, a large commercial shopping center-Taikoo Shing Center will be built. The entire project is expected to take eight years and the total investment is 1.3 billion to 15 billion. Billion Hong Kong dollars."

  Wu Guangyao nodded, listening very seriously!

  To be honest, such a big project is extremely attractive to Wu Guangyao!

  While Wu Guangyao has only developed a large-scale housing estate with 1,900 residential units so far, how can he not be impressed!

  Schyoke told Wu Guangyao and Li Xing that it was also because Swire Pacific had already planned it and was about to announce it to the market in the near future.

Wu Guangyao gave Li Xing a look, and Li Xing immediately understood, and sincerely said to Shiyoke: "Mei Shiyoke, I think you must consider cooperation between Land and Yangtze River Holdings! But let me explain here, on real estate. In terms of strength, there is no company on Hong Kong Island that can match ours. At the same time, we are willing to form a joint venture company with Taikoo Chang. Both parties have the same capital ratio. Taikoo Chang owns 52% of the shares and we only hold 48%. After the new company is formed, we will buy from Taikoo Bank. The Taikoo Dockyard site will be developed; while cooperating, we are willing to provide technical support and guidance free of charge."

   can be said to be a very big concession. Of course, these were passed by Wu Guangyao and Li Xinggou in advance.

  At this time, it is obviously not suitable to talk about cooperation with the idea of ​​taking advantage;

  Otherwise, Swire Pacific will definitely turn to Land;

After all,    are all British businessmen. If Wu Guangyao does not show sincerity, Swire Pacific would not choose Cheung Kong.

  On Hong Kong Island, if there is a land is the boss, whoever has a beautiful land, guarantee that there will be a long queue of companies that want to cooperate with!

  Syoke and the senior executives of Taikoo International Inc. did not expect that, unlike the initial purchase of land, Wu Guangyao and Li Xing became ‘modest’.

  But think about it, if Swire Pacific were not unsure and technical, they would never have cooperated with others in the previous phases of the project.

  The entire Taikoo Shing project is divided into ten phases;

  In the high-level thinking of Swire Pacific, three phases of residential projects can be used at most, and tuition fees should be paid!

  The next six phases and Pacific Place must be developed by themselves.

  (End of this chapter)