I Want To Be a Rich Man on Hong Kong Island

  Chapter 639 [Hong Kong Island Superfamily and Hong Kong Island’s Four Big Families]

  In a restaurant in the center of City One Shatin;

   Wu Guangyao, Li Zhaoji, Zheng Yutong, Guo Desheng, and Li Chaoren are enjoying their drinks and celebrating the rapid sale of more than 1,000 residential units in the first phase of the first phase of Shatin City One.

   "The real estate market is so good, I didn't expect it!" Lee Shau-ki said with emotion.

  Good real estate market, everyone knows;

  However, the 1,000 residential units in the first phase of Shatin City One (a total of 50 buildings, 10,000 residential units) were sold out in three days;

  This, even Wu Guangyao did not expect.

  Wu Guangyao joked: "Zhaoji, are you thinking that if you knew that real estate was so prosperous, if you built it on your own back then, you can lift up Erlang's legs today, and you don't have to do anything!"

  In 1975, Black & Decker (a joint venture of five real estate companies) bought Shatian Lot No. 1 at a price of HK$20.6 million;

  Later, the first city in Sha Tin, which was cultivated by Lee Shau Kee's ingenuity and care, has become a beautiful symbol in the New Territories.

  The design and conception of City One Shatin began in 1975, moving mountains and reclaiming the sea, and carrying out site formation works;

The first phase of the building was sold in January 1981 and it is expected to be completed in January 1988. There are 52 residential buildings, a total of 10,642 units, and a total floor area of ​​5382,000. There are five parking lots, a market and two shopping malls totaling 300,000 square feet. The whole plan can accommodate 50,000 people, and the area of ​​each household varies from 500 to 1,000 square feet.

  The center has well-designed gardening, four children’s playgrounds and spacious resting places, as well as the Social Welfare Department’s Senior Citizen Center and the Handicap and Health Association Youth Center, as well as two primary schools, one middle school and three kindergartens.

In the previous life, in 1997, the average resale price per square foot of Shatin City One’s houses was $6,500 per square foot, which was worth $35 billion. The total value of shopping malls and parking spaces was $5 billion, which is the total value of the entire project. Valued at 40 billion yuan, the site was awarded to the government at a price of more than 20 million yuan. Together with the construction costs and interest, if it was retained until 1997 and not sold, the profit would be more than 1,000 times.

  Li Zhaoji was taken aback, secretly sighing that Wu Guangyao’s fiery eyes can see through people’s hearts;

"Without you, I am afraid it would be difficult to win the bid. How can we carefully cultivate Shatin City One. However, occasionally I think about it. In addition to Guangyao, any one of our four families can complete Shatin City One independently. Ten years of work; really like that, raising Erlang's legs obviously deserves it!" Li Zhaoji said generously.

  Everyone has different ideas after hearing the words!

  The outside world regards the Sha Tin City One as Lee Shau Kee’s outstanding work. In addition to profit surprises, Lee Shau Kee also has honor and reputation.

Of the five people, Wu Guangyao naturally has done too many large real estate projects; the market value of Cheung Kong Holdings has climbed to 23.8 billion Hong Kong dollars, which is more than three times the market value of the second-place land company and accounts for 12% of the total market value of Hong Kong. .

Among the remaining four people, Guo Desheng has always been low-key, but Sun Hung Kai is the leader of the four companies. Its market value is second only to Cheung Kong Holdings and Land Corporation, and is the third largest real estate company in Hong Kong (Hutchison Whampoa is not a pure real estate company); Sun Hung Kai After all, it was originally built by the Big Three, and Guo Desheng was not only a real estate'big friend', but also had better starting conditions than the three.

Although Zheng Yutong has Chow Tai Fook, the golden rooster who lays eggs, he is not good at using the stock market to pump water. He always uses his own funds and appropriate loans for real estate development; plus the New World Center project originally belonging to him, he was taken by Wu Guangyao. Therefore, Zheng Yutong’s real estate company, Xinhuanyu, is only ranked fourth in Hong Kong real estate company in market value.

Li Ka-shing has the most opportunities to be snatched by Wu Guangyao, but he is an unbeatable Xiaoqiang. He does few large projects and countless small projects; and Li Ka-shing is now the target of HSBC's support, so the market value of Huanghe Industrial ranks fifth in Hong Kong real estate companies. name.

Li Zhaoji currently has a listed company called Yongtai Jianye, which is the shell of the listed company he bought, with a market value of only 900 million Hong Kong dollars; but this is not his full strength. He has an unlisted Henderson Land Development Company with a scale of Yongtai Jianye. About 4 times of that.

  As for Hopewell Properties and Hang Lung Properties, they ranked sixth and seventh; Hopewell Properties was badly injured by the fake stock incident in 1973, otherwise it would be the second child of Chinese-owned real estate companies;

Hang Lung Properties, on the other hand, had misunderstood the real estate situation in 1973 and spent huge sums of money to purchase the Shaw Towers and Xinhua Theater, which caused most of the funds to be frozen during the stock market crash. Not cheap.

  At this time, Li Chaoren was calm and unmoved;

  He believes that since large projects cannot be done, small projects as long as they are more and more precise, they can be as big and promising as possible;

  What's more, among the real estate tycoons, he has the latest start and the weakest start capital, so he should catch up!

   But Zheng Yutong is different. He naturally likes to do big projects, but he has not been able to find opportunities yet. Gu is a little envious of Li Zhaoji.

Zheng Yutong suddenly remembered something, and tentatively asked Wu Guangyao: "Guangyao, the property on the subway station from Admiralty to Chaiwan will be tendered soon; is Cheung Kong interested in participating this time?"

  Building a property on the subway station is a lucrative project, and it will bring great influence to the company;

  But since Wu Guangyao's Cheung Kong Industrial Co., Ltd. participated in the bidding for the properties on the two plots of Central Station and Admiralty Station, it has not participated in the bidding of other tender sections since then;

  In addition to being constrained by the large housing estates in Tin Shui Wai, it is also for other real estate companies to share a piece of the pie;

In 1977, the right to develop the property above the Kowloon Bay Vehicle Maintenance Plant of the MTR was invested by a consortium formed by Hang Lung He Hehe; the property included 41 residential buildings with about 5,000 residential units, namely Telford Gardens; Telford Gardens The profit was 50% times that of the subway company. Because the real estate was booming, the profits of the three parties were much higher than expected. Gu subway company looked at Henglong and Hehe with admiration.

In 1979, the property development right above MTR Mong Kok station was once again won the bid by the consortium consisting of Hang Lung, Huanghe, Henderson, New World, and Land Land. The entire project made a profit of 430 million Hong Kong dollars, with Hang Lung holding the largest share (37.5%). 160 million Hong Kong dollars.

Cheung Kong did not participate in the development of high-altitude properties on the subway several times. Some people on Hong Kong Island said that because Cheung Kong had suffered a lot from the last cooperation with the MTR Corporation; therefore, they chose not to participate in the subway. Bid for the property right on the site.

  Wu Guangyao replied to Zheng Yutong: “I don’t expect to participate. Although the property right over the subway station is very profitable, Cheung Kong Holdings is currently constrained by the Tianshuiwei project.”

  Everyone looked at Zheng Yutong with some curiosity. After all, it is quite inappropriate to ask such words directly, because everyone is a competitor;

Zheng Yutong explained: “Hang Lung intends to take the lead again and unite with a group of real estate companies to form three consortia to carry out the property rights over nine subway stations from Admiralty to Chai Wan. Everyone knows that Hang Lung has won the favor of the MTR twice. , So the three consortiums formed are led by him. My new global real estate happens to be the second largest shareholder of a consortium. If Cheung Kong Holdings does not have enough energy, it can also contribute capital. Join in and get a share of the pie. Isn’t it even more good!"

  It turns out that Zheng Yutong made this opinion for three reasons:

  First, Cheung Kong Industrial joins, even if it accounts for 5% of the shares, it is a tiger skin;

  Second, Cheung Kong Holdings joins this consortium, and there is a high probability that it will not form another consortium;

  Third, Zheng Yutong has the heart to make friends with Wu Guangyao. On Hong Kong Island, Wu Guangyao is not only the **** of wealth, but also famous for talking.

  Wu Guangyao hesitated. After all, he knew that these nine subway stations were built with high-altitude development rights, and they aborted because of the collapse of the real estate caused by the Sino-British negotiations;

  And I also plan to take it after Hang Lung abandons the project;

  After all, the two top buildings in the previous life (Bunda Center or Lippo Center) are on the land of Admiralty Station (Second Section), which is a treasured land of geomantic omen;

Admiralty Station is the busiest station on the East Line of the MTR Hong Kong Island. Admiralty is surrounded by government agencies. To the west is the Central Bank District, to the east is the Wan Chai business district, and to the south are various mid-to-high-end residential buildings built on the mountain. Row upon row.

   Therefore, Wu Guangyao is very jealous of the two buildings on the Admiralty Station;

  If it is not known that the Sino-British negotiations are about to begin, the Hang Lung-led consortium will return empty-handed after winning the bid;

  Otherwise, Cheung Kong Holdings must lead a consortium of Hutchison Whampoa, Jiahong Real Estate, and Wharf Group to participate in the bidding.

  Thinking about it, Wu Guangyao said to Zheng Yutong: “Since Yutong has spoken, Cheung Kong Holdings will claim 5% of the shares. It’s not bad to take a ride!”

  Join in, and after the coach Henglong runs off (give up), Cheung Kong will take over the project;

  At that time, it’s okay to bring Zheng Yutong!

Zheng Yutong smiled and said: "Everyone is bidding together, but because Hang Lung won the bid twice, his family formed three consortiums; since I invited you, then Cheung Kong Industrial and Xinhuanyu will be a consortium! Let us also I am so dazzled by the Cheung Kong Industrial. I heard that the Hong Kong government gives you the most face."

Wu Guangyao waved his hand and said, "Yutong, this is a sarcasm for me! Hong Kong citizens who don’t know that Hutchison Whampoa under my subsidiary wanted to go to the Hong Kong government to apply for the right to develop the property in the Whampoa dock. As a result, the Hong Kong government There really dare to ask for money to pay for the land, a price of 2.9 billion Hong Kong dollars, so scared that Hutchison Whampoa dare not mention it now, and can only keep it temporarily, and talk about it when the funds are sufficient!"

  Everyone nodded, and Li Chaoren also agreed: "The Hong Kong government has tasted the sweetness of land sales in recent years. Naturally, the asking price is high, and everyone has received a lot of high land compensation fees!"

  The style of painting changed, and everyone envied the Whampoa dock in Hutchison Whampoa, and even praised it as a location comparable to Taikoo Shing.

  Wu Guangyao smiled bitterly: "Compared with Taikoo Shing, there is a lot of difference, one island and one Kowloon!"

  Everyone has a drink while chatting, there is no relationship that is originally a competition;

  This is the living conditions of Chinese-funded enterprises in the 1970s and 1980s. Everyone will not compete maliciously, let alone make malicious acquisitions. After all, Hong Kong people attach great importance to character;

  Stock market hooligans like Liu are very annoying in nature, and many Hong Kong tycoons don’t bother to do it!

  (End of this chapter)