I Want To Be a Rich Man on Hong Kong Island

In a restaurant in the center of City One Sha Tin;

Wu Guangyao, Lee Shau Kee, Zheng Yutong, Guo Desheng, and Li Chaoren are drinking and talking happily, celebrating the rapid sell-out of more than 1,000 residential units in the first phase of the 7 buildings in City One Shatin.

"I didn't expect the real estate market to be so good!" Lee Shau Kee said with emotion.

Everyone knows that the real estate market is booming;

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

Even Wu Guangyao did not expect this point.

Wu Guangyao joked: "Shau Kee, are you thinking that if you knew that real estate was so booming, if you had undertaken the construction alone back then, you would be able to stand up and do nothing today!"

In 1975, Black \u0026 Decker (a joint venture of five real estate companies) bid for Lot No. 1 in Sha Tin at a price of HK$20.6 million;

Afterwards, City One Sha Tin, which was ingeniously cultivated by Lee Shau Kee, became a magnificent symbol of the New Territories.

City One Shatin began to be designed and conceived in 1975, moving mountains to fill the sea and carrying out site leveling works;

The first phase of buildings 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 ​​5,382,000 square feet, with five parking lots, a market and two shopping malls, totaling 300,000 square feet; the whole project can accommodate 50,000 people, and the area of ​​each household unit is about 500 to 1,000 square feet.

The center has well-designed gardening, four children's playgrounds and a spacious rest area. There are also a center for the elderly of the Social Welfare Department and a youth center of the Disabled Association, as well as two primary schools, one middle school and three kindergartens.

In my previous life, by 1997, the average resale price per square foot of Shatin City One residences was 6,500 yuan, a total value of 35 billion yuan, and the total value of shopping malls and parking spaces was 5 billion yuan, that is, the total value of the entire project. Worth 40 billion yuan, the site was won from the government at a price of more than 20 million yuan. Together with construction costs and interest, if it was kept and not sold until 1997, the profit would be more than 1,000 times the profit.

Li Zhaoji was taken aback for a moment, and secretly sighed that Wu Guangyao's piercing eyes could see through people's hearts;

"Without you, I'm afraid it would be difficult for me to even win the bid. How can I carefully cultivate the first city of Shatian. However, if I think about it occasionally, if any one of our four families completes the first city of Shatian independently, I'm afraid it can be worth it." It's been ten years of work; if it's really like that, it's obvious that you should raise your legs!" Li Zhaoji said generously.

Everyone has heard the words and has different thoughts in their hearts!

The outside world regards City One Shatin as Lee Shau Kee's masterpiece,

In addition to profit accidents, Lee Shau Kee brought honor and word of mouth.

Among the five, it goes without saying that Wu Guangyao has done too many major real estate projects; Cheung Kong’s market value has climbed to 23.8 billion Hong Kong dollars, more than three times the market value of the second place Hongkong Land Company, accounting for 12% of the total market value of Hong Kong .

Among the other four, Guo Desheng has always been low-key, but Sun Hung Kai is the boss of the four companies. Its market value is second only to Cheung Kong Properties and Hongkong Land Company, and it is the third largest real estate company in Hong Kong (Hutchison Whampoa is not a simple real estate company); After all, it was established by the Big Three at the beginning, and Guo Desheng is not only a "big friend" of real estate, but also has better starting conditions than the three.

Although Zheng Yutong has Chow Tai Fook, a golden rooster who lays eggs, he is not good at using the stock market to pump water. He always develops real estate with his own funds and appropriate loans; Therefore, Zheng Yutong's real estate company, Xintianyu Company, only ranks fourth among Hong Kong real estate companies in terms of market value.

Li Ka-shing was robbed by Wu Guangyao of the most opportunities, but he is an unbeatable Xiaoqiang. He has done few big projects and countless small ones. Moreover, Li Ka-shing is now supported by HSBC, so the market value of Huanghe Industrial ranks fifth among Hong Kong real estate companies. name.

Lee Shau Kee currently has a listed company called Yong Tai Jianye, which is the shell of the listed company he bought, with a market value of only HK$900 million; about 4 times of that.

As for Hopewell Properties and Hang Lung Properties, they ranked sixth and seventh; Hopewell Properties was seriously injured by the fake stock incident in 1973, otherwise it would be the second child of Huazi Real Estate Company;

However, because Hang Lung Properties misunderstood the real estate situation in 1973, it spent huge sums of money to buy Shaw Brothers Building and Xinhua Theater. As a result, most of the funds were frozen during the stock market crash, and it missed the real estate bottom-buying operation from 1975 to 1976. Not cheap.

At this time, Li Chaoren held his breath and remained unmoved;

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

What's more, among the real estate tycoons, I started the latest and had the weakest starting capital, so I should catch up!

Zheng Yutong is different. He likes to do big projects naturally, but he has not been able to find opportunities so far. Gu is a little envious of Lee Shau Kee.

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

The property above the subway station is a profitable project, and it will bring great influence to the company;

However, since Wu Guangyao's Cheung Kong Industrial Co., Ltd. participated in the bidding of the two lands above Central Station and Admiralty Station, it has not participated in the bidding of other tenders since then;

In addition to being restrained by the large housing estates in Tin Shui Wai, it is also to let other real estate companies get a share;

In 1977, the property development right above the Kowloon Bay Vehicle Maintenance Plant of the Metro was invested by a consortium formed by Hang Lung and Hopewell; the property included 41 residential buildings with approximately 5,000 residential units, namely Telford Gardens; Telford Gardens The profit is 50% times that of the subway company. Because of the boom in real estate, the profits of the three parties are much higher than expected. Gu subway company looks at Hang Lung and Hehe with admiration.

In 1979, the property development right on top of the Mongkok MTR station was once again won by a consortium consisting of Hang Lung, Huanghe, Henderson, New World, and Landmark. The entire project made a profit of 430 million Hong Kong dollars, and Hang Lung accounted for the largest share (37.5%), making a profit 160 million Hong Kong dollars.

Cheung Kong did not take part in the high-altitude property development right on the subway several times. Some Hong Kong residents said that Cheung Kong suffered a lot from the cooperation with the subway company last time; therefore, they chose not to participate in the subway Stand to bid for property titles.

Wu Guangyao replied to Zheng Yutong: "I don't expect to participate. Although the property rights above the subway station are quite profitable, Cheung Kong's current energy is restrained by the Tianshuiwei project."

Everyone looked at Zheng Yutong curiously. After all, it would be inappropriate to directly ask such a question, because everyone is a competitor;

Zheng Yutong explained: "Hang Lung wants to take the lead again and form three consortiums with a group of real estate companies to carry out the property rights of the nine subway stations from Admiralty to Chai Wan. Everyone knows that Hang Lung has won the favor of the subway company twice. , so the three consortiums formed were all led by him. My New World Real Estate happens to be the second largest shareholder of a consortium. If Cheung Kong is not energetic enough, it can just invest in it. Wouldn't it be better to join in and get a share of the pie? it is good!"

It turns out that there are three reasons why Zheng Yutong raised this opinion:

First, if Cheung Kong joins, even if it holds 5% of the shares, it is still a tiger skin;

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

Third, Zheng Yutong has the heart to make friends with Wu Guangyao. In Hong Kong Island, Wu Guangyao is not only the God of Wealth, but also known for being easy to talk to.

Wu Guangyao hesitated for a moment. After all, he knew that the high-altitude development rights above the nine subway stations were aborted due to the sharp drop in real estate caused by the Sino-British negotiations;

And I also planned that after Hang Lung gave up on this project, I could take it on;

After all, the two top buildings (Benda Center or Lippo Center) in the previous life are located on the land of Admiralty Station (Sec. 2), which is a treasured place of geomantic omen;

Admiralty Station is the busiest among the stations on the Hong Kong Island East Line of the MTR. There are many government agencies in the Admiralty area. To the west is the Central Banking District, to the east is the Wanchai commercial district, and to the south are various mid-to-high-end residential buildings built along the hills. row upon row.

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

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

Otherwise, Cheung Kong must lead Hutchison Whampoa, Jiahong Properties, and Wharf to form a consortium to participate in the bidding.

After thinking about it, Wu Guangyao said to Zheng Yutong: "Since Yutong has spoken, Cheung Kong will claim 5% of the shares. It would be nice to have a ride!"

Join in, and after the coach Hang Lung runs away (gives up), Cheung Kong will take over the project again;

At that time, it is not a bad idea to bring Zheng Yutong!

Zheng Yutong said with a smile: "Everyone is bidding in groups, but Hang Lung won the bid twice, so his family formed three consortiums; since I invited you, then Cheung Kong and New World will form a consortium! We also It’s good to be honored by Cheung Kong, I heard that the Hong Kong government is the one that gives you the most face.”

Wu Guangyao waved his hand and said, "Yu Tong is making fun of me! People on Hong Kong Island don't know that last month my subsidiary Hutchison Whampoa wanted to go to the Hong Kong government to apply for the right to build a property in the Whampoa Dock; the result was that the Hong Kong government They really dare to ask for money to pay the land fee, and the price is 2.9 billion Hong Kong dollars, so scared that Hutchison Whampoa dare not mention it now, so we can only keep it for the time being, and we can talk about it when the funds are sufficient!"

Everyone nodded, and Li Chaoren also echoed: "The Hong Kong government has tasted the sweetness of selling land in the past few years. Naturally, the asking price is high, and everyone has received a lot of high land subsidy fees!"

As soon as the painting style changed, everyone envied Hutchison Whampoa's Whampoa Dockyard one after another, and even praised that it was comparable to Taikoo Shing.

Wu Guangyao smiled wryly and said, "Compared with Taikoo City, there is a big difference, one main island and one Kowloon!"

Everyone chatted while eating and drinking, and there was no competition at all;

This is the survival situation of Chinese-funded enterprises in the 1970s and 1980s. They will not compete maliciously, let alone acquire maliciously. 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!