I Want To Be a Rich Man on Hong Kong Island

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On August 25, Cheung Kong Real Estate purchased its first property, a nine-story building in Central;

This building covers an area of ​​45,000 square feet, with a property area of ​​120,000 square feet and a cost of 20 million Hong Kong dollars;

Before May of this year, the value was definitely around 38 million Hong Kong dollars, but now it has dropped by more than 40%.

Of course, if it weren't for the wrong analysis of the situation by the owner of the building, Wu Guangyao would not have been able to take advantage of this.

With a good start, Changshi Real Estate was in full swing, and within a month, it took down 12 old commercial buildings;

These commercial buildings are located in Western Ring, Sheung Wan, Central, Wan Chai, and Causeway Bay, with land areas ranging from 40,000 to 60,000 square feet;

Although these old commercial buildings are old, generally around 30 years old, they do not affect their use at all;

Therefore, these commercial buildings are very suitable for pickling up. While renting out, they are waiting for the opportunity to demolish and rebuild.

In order to purchase these old commercial buildings, Cheung Kong Real Estate has spent 200 million Hong Kong dollars;

Although it is said that commercial land and commercial buildings have fallen by about 40% to 50%;

However, during the period from 1959 to 1965, Hong Kong Island real estate increased by more than three or four times;

For example, in 1959, the price of an ordinary commercial building in Central was around HK$200 per square foot;

After six years of rising, by 1965, the price had reached as high as 600 Hong Kong dollars per square foot.

Now it has dropped by 50%, so it costs HK$300 per square foot;

This is just the money for the land. If you are buying an old commercial building, it will be calculated according to the floor area.

In terms of residential land:

Cheung Kong Real Estate is no longer picky, and chooses to win all old residential buildings and small residential land that can be demolished and rebuilt;

The price is not fussy, and any price that has fallen by more than 55% from the previous price can be won.

Naturally, this kind of behavior could not be concealed from the sensitive people on Hong Kong Island, and soon the news that Wu Guangyao was hunting bottoms spread;

Although this situation will restrain the real estate decline to a certain extent,

But compared to bombing the city and spreading rumors, the impact is still insignificant.

Moreover, many people are already ready to watch Wu Guangyao's jokes!

.........

the end of September.

Swire Pacific, Blue Chimney.

Looking at the depressed Blue Chimney Wharf, the corners of Wu Guangyao's mouth curled up. Now his goal is Blue Chimney, and the next one is Wharf.

After knowing it well, Wu Guangyao took Shi Jun to Lan Chimney's office building, and made an appointment to meet Shi York.

This talk about Blue Chimney will never be smooth sailing, because there is still some business competition between Wu Guangyao and Swire Pacific;

The two main companies competing are aircraft maintenance companies, aviation catering, aviation services and other companies;

As for the airlines, because the routes are allocated by the Hong Kong government, one south and one north, so it is not considered a competitive relationship.

After some greetings, everyone sat down in Shiyock's office.

Wu Guangyao took a look at Shiyock's office. The decoration is quite luxurious, and he seems to be a person who knows how to enjoy himself.

Shiyock leaned his back on the chair, with an expression of you begging me, and said preconceivedly: "Mr. Wu, I am dissatisfied with you, and we, Taikoo Matheson, have no intention of selling the blue chimney."

Wu Guangyao shook his head and said confidently: "Mr. Shiyock, do you know? If I ask to enter the core management of HSBC Bank at this time, they will all agree. Because there is nothing that money cannot buy in this world." .”

Although Wu Guangyao's words may be exaggerated, they are true;

The profit of HSBC Bank for one year is only 120 million Hong Kong dollars;

And the Universal Group can bring them 200 million US dollars in profits every year. The 10-fold difference is enough for HSBC to agree to any reasonable request of Wu Guangyao.

Because Wu Guangyao has the final say on the Universal Group and holds absolute control over it;

If Wu Guangyao is offended, Wu Guangyao can go to the United States to find a bank to lend him a large amount of US dollars, and then dilute the shares of HSBC.

Of course, this situation is only in the case of falling out with HSBC, and it is basically impossible.

Shiyock pulled back the body leaning on the chair, raised his brows, and said, "How much do you plan to pay?"

Wu Guangyao already had the answer, so he said directly: "50 million Hong Kong dollars!"

The price of Blue Chimney does not have a fixed number, and it will not be calculated according to square feet, because it is a coastal land in the east of Tsim Sha Tsui and belongs to the "land king".

Of course, although Wu Guangyao's price is more than double the price of 130 million purchased by Zheng Yutong in his previous life in 1970, at least he is sincere.

"Impossible! This piece of land is the most beautiful piece of land in Tsim Sha Tsui. It is a bit taken for granted that Mr. Wu wants to win it for 50 million Hong Kong dollars. In fact, I admire Mr. Wu. I always like to take advantage of the cheap land price. Buy the bottom wantonly; when the land price rises in the end, you will make a lot of money." Shiyock rebuffed, his tone somewhat sarcastic.

Shiyock thought to himself, although he didn't know what the future situation of Hong Kong Island would be like, but Wu Guangyao came to acquire the land now, obviously he was suspected of taking advantage of it.

Swire Pacific is so cheap, is it so easy to pick up!

Wu Guangyao still had a smile on his face. For Wu Guangyao, as long as Shiyock agreed to sell the land to himself, he could accept anything;

Because Shiyock doesn't understand the general trend and how much this land can appreciate in the future.

"Mr. Shiyock, I have taken a lot of risks by buying bottoms, and a large group of people outside are waiting to see my jokes. If Swire Pacific thinks that this behavior is profitable, then I am willing to take Swire Pacific to buy bottoms together." Wu Guangyao Said.

"No need! We, Taikoo Foreign Firm, don't want to enter the real estate industry for the time being." Shiyock vetoed it.

Are you kidding me, Swire Pacific has zero experience in the real estate industry and frequently sold its own land in the 1960s;

Even in the early seventies of the future, they will sell their land;

It was not until 1972 that Swire decided to enter the real estate industry.

Wu Guangyao said: "Then Mr. Shiyock will give you a reasonable price!"

Shiyock's heart at this time can be said to be very complicated. Blue Chimney is an important property of Swire Pacific;

However, Swire Pacific did intend to sell Blue Chimney, but it was not the current real estate downturn;

However, Swire Pacific is also pessimistic about the situation in Hong Kong Island at this time;

Therefore, when Wu Guangyao proposed to buy the blue chimney, the interior of Swire Pacific did not refuse;

But it is also unanimously agreed that it will never be sold at a low price.

Instead of selling it at a low price, it is better to hold it in your hand and cover it;

Besides, this piece of land is very important to Changjiang Industry, and it can definitely be slaughtered severely.

Shiyock thought for a while before saying: "Buy it, 75 million Hong Kong dollars! If Mr. Wu disagrees, then this transaction will be terminated, and we will not sell the land when the real estate is at a low point."

Wu Guangyao was quite happy at this time, because the price of 75 million Hong Kong dollars was within his heart.

Still the same sentence, there is no standard for this piece of land, it depends on whether you are determined to take it!

The pound is about to depreciate, and real estate is about to rebound, so this price can be won;

If it wasn't for Shiyock thinking that he agreed too soon, he would regret it, Wu Guangyao probably agreed on the spot.

"Mr. Shiyock, I need to go back and discuss with the directors, can you give me three days!"

"Please!"

After Wu Guangyao left, Shi York showed a smug expression!

Shiyock believes that Wu Guangyao has already been tempted, and Cheung Kong will definitely win this land, and the high price of 7,500 Hong Kong dollars is already at the level of the real estate peak in 1966.

It is equivalent to saying that this time Swire Pacific seized the opportunity that Changjiang Industrial wanted to develop, and slaughtered a fortune!

so comfy!

Shiyock couldn't help sighing, this Chinese has been suppressing various foreign firms all this time, and now he can finally kill him once.

 …

Not surprisingly, three days later, Wu Guangyao brought his lawyer to Swire \u0026 Co., and signed the sale contract for Blue Chimney on the spot.

After the contract was signed, Wu Guangyao said, "Mr. Shiyock, I have an unfeeling request, and I hope that Guiyang Bank will accommodate you!"

Shiyock and the executives of Swire Pacific are in a good mood at this time, and they have harvested 75 million Hong Kong dollars in cash, and they can immediately build ships. The shipping prices outside are high!

Shiyock smiled and said, "Please tell me!"

Wu Guangyao nodded, and then said: "We don't want to announce the matter of buying and selling Blue Chimney this time, and please keep it secret for the time being!"

"no problem!"