Pioneer of the Rebirth Era

The sale of Hedong Garden has only caused a stir in later generations, not only because of its extremely high and amazing sale price, but also because it is an ancient building.

There are not many ancient buildings in Hong Kong, so any changes to each building will attract great attention. For example, in 1998, the Hu family sold Haw Par Villa to Li Chaoren.

In order to renovate the community, Li Chaoren decided to demolish the former Haw Par Villa, which caused great dissatisfaction among Hong Kong citizens. As a result, the Li family's reputation in Hong Kong has not been very good in recent years.

In the end, Li Chaoren had no choice but to compromise and only demolish half of it, retaining the core building of Haw Par Villa as a tourist attraction. The rest of the building was built into a community.

Hedong Garden actually has the same problem as Haw Par Villa. However, unlike the Hu family who sold Haw Par Villa and Li Chaoren demolished it.

The Ho family wanted to demolish Ho Tung Garden and turn it into a real estate project. This proposal was strongly opposed by the Hong Kong Historical Building Conservation Team.

News reports at the time were that the Hong Kong government also proposed a cash compensation package of 3 billion yuan, but the He family rejected it because the He family's price was 7 billion yuan.

Later, one wanted to demolish it, while the other strongly opposed it, and the two sides ended up in a stalemate for a while. In the end, the Ho family directly sold Hedong Garden for a high price of 5.1 billion. The Hong Kong government immediately announced that it would strictly enforce the stamp duty on this transaction.

After the transaction was completed, the buyer had to pay as much as 1.1 billion yuan in various taxes and fees. But even so, the buyer's determination was not shaken, and in the end this unprecedented transaction was completed.

Then Hedong Garden was demolished and turned into a real estate project where developers can earn tens of billions. Of course, with the current price of real estate in Hong Kong, this project will definitely not earn so much. Even if a deal is reached in the end, it will not be as exaggerated as in later generations.

After all, Hong Kong's real estate market has fully recovered in 2015, and prices are even crazier than before the financial crisis. Houses in the wealthy areas of the Peak cost more than one million yuan per square meter.

However, even though Hong Kong real estate is still struggling in the quagmire, the transaction of Hedong Garden is still attracting the attention of many people. After all, the entire Hedong Garden covers an area of ​​124,000 square feet, approximately equal to square meters, of which more than 5,500 can be built.

Square meters. This piece of meat is absolutely fat and oily.

And another important point is that Hong Kong people believe in Feng Shui, and there is no doubt about the Feng Shui of the location of historical buildings. You must know that the Ho family was once the first family in Hong Kong. Even now, the Ho family is still very wealthy. Hong Kong

The gambling king belongs to this family. Even now, the sale of Hedong Garden is a very hot topic, and there is no shortage of buyers.

"The He family wanted to demolish Hedong Garden for real estate development a long time ago, but the government never agreed. After the financial crisis, the matter was not mentioned again.

Now that Hong Kong's economy is beginning to recover, the real estate market is also recovering. The government also needs some large real estate projects to stimulate the market, so the Ho family once again proposed to develop Hedong Garden, but the official was very stubborn about the demolition of Hedong Garden and still did not agree. So.

The He family announced that they would sell Hedong Garden." Uncle Liu explained.

Yang Dongxu nodded. This sentence was probably released in a circle. It is normal that he has not received the news for the time being. And it is very likely that the He family does not necessarily have to sell Hedong Garden, but is just using this trick to put pressure on the government.

.

After all, due to one country, two systems, the management of private property in Hong Kong follows the principle of the sanctity and inviolability of capitalist private property.

Moreover, the He family is a big family in Hong Kong. It is deeply rooted in Hong Kong and has many involvements. Therefore, if the government does not agree, the He family does not dare to force it.

But selling it to others is different. As long as all the formalities are completed and the handover is completed. Whether the person who buys Hetong Garden demolishes Hedong Garden or preserves this ancient building depends entirely on the buyer's mood, and the Hong Kong government is not good either.

Ask.

"The people who bought Hedong Garden are probably rushing to demolish the previous buildings and develop a top real estate project to make a profit. If the He family really makes a move, it would be a bit uneconomical for me to buy it." Yang Dongxu thought about it and said helplessly.

.

The He family has too many involvements in Hong Kong and cannot be forced to do so. Yang Dongxu also has a lot of assets in Hong Kong. He has the nickname Yang Bancheng.

After Li Chaoren demolished half of Haw Par Villa, he was scolded by people all over Hong Kong and had to stop. If he dared to demolish the building after taking over Hedong Garden, his reputation would probably be even worse than Li Chaoren's now.

But if Hedong Garden is not demolished after buying it, the profit margin of the real estate development project will be limited. After all, as the only building on that land, Hedong Garden occupies the most essential part. If it is not demolished, the design of other houses in the entire project will be

A big obstacle.

So even if the He family really wants to sell Hedong Garden, if he buys it, for the sake of reputation, he will not demolish Hedong Garden and build a community on other land. The profit margin is actually about the same as developing other real estate projects.

In addition, after purchasing Hadong Garden, whether it becomes a scenic spot like the current Haw Par Villa, or as the owner of Hadong Garden, it is very troublesome to repair and protect the ancient buildings. Yang Dongxu is undoubtedly the most troublesome.

Of course, the limited profit is only relative to the current housing prices. If Hedong Garden can be acquired in the next two years, even if the previous buildings are not demolished, some villas will be built on other open spaces.

When Hong Kong's real estate takes off, the profits earned here are still huge. After all, the current housing prices in the wealthy areas on the top of the mountain are only between 100,000 and less than 200,000 yuan per square meter. But in the next ten years, the housing prices will soar to 100,000 yuan.

In case it's flat.

There is at least a return on investment of seven or eight times, and this return is based on a huge investment base. For example, based on the current housing price of 2 billion as a base and a ceiling of almost 2.5 billion, it is not a big problem to win Hedong Garden.

While preserving the ancient buildings without demolishing them, we can save a lot of money by discussing the tax issue with the Hong Kong government. Counting the costs of developing other real estate projects, the overall investment of 3.5 billion can be used freely.

After more than ten years, an investment of 3.5 billion can earn at least 20 billion in profit after deducting the capital, and this is just a conservative estimate. If operated properly, the profit margin can be even greater.

Of course, if the garden can be demolished and the land re-planned properly, the profit earned can be increased to at least 5 billion.

"So you're not going to take action?" Uncle Liu couldn't help but feel a little disappointed. In fact, he told Yang Dongxu the news before he was sure whether the He family really wanted to sell Hedong Garden.

Uncle Six just wanted to see if Yang Dongxu could really take over Hedong Garden, and then make profits in other ways while preserving the ancient buildings.

This is undoubtedly the best of both worlds. As an old man from that era, he is still quite nostalgic. Especially since both the former owner of Haw Par Villa and the older generation of the Ho family are friends.

In fact, had it not been for the lack of funds, if the He family really sold Hedong Garden, he would have bought it. Not to mention making money, he would be satisfied with building a few villas in other places as long as he could keep his capital.

"It's too early to say whether to sell or not. The Ho family may just put a smoke bomb to put pressure on the Hong Kong government. Let's see, it will be too late when they actually want to sell." Yang Dongxu said with a smile.

It's not the sale that's going to be a big deal, let alone such a large deal. You certainly can't let your opponent grasp your ideas. And there's really no need to rush this deal, it doesn't matter if it's delayed for a year or two.

"If you are willing to preserve the ancient building and not demolish it, no matter whether the He family set off smoke bombs this time, I will help you talk about it." Uncle Liu said.

Yang Dongxu glanced at Uncle Six in surprise, but seeing the look on Uncle Six's old face, he obviously understood a little bit. So he nodded and stopped making any excuses: "Then ask, if the other party is not a lion, he will open his mouth."

Find a time to talk."

Since I came to Hong Kong to see Uncle Six, I would definitely not stay in a hotel at night, so I chatted with Uncle Six for a while after dinner. Yang Dongxu stayed overnight in Uncle Six's old house.

"Are you interested in Hedong Garden?" Zhou Ya sat in front of the dressing table and applied some skin care cream. The little guy played too crazy in the yard in the afternoon and was already asleep.

Zhou Ya had spent a lot of time in Hong Kong before, so she was very familiar with the situation in Hedong Garden even if Yang Dongxu didn't tell her.

"I am not interested in Hedong Garden, but I am optimistic about Hong Kong's future real estate projects. Chen Xin has a large sum of money with nowhere to spend it, so I am going to buy Hedong Garden with private investment and make a long-term investment.

." Yang Donggu said.

“What do you expect Hong Kong real estate to become?”

"Looking at the mainland's housing prices will definitely skyrocket again after this regulation, and Hong Kong's geographical location is so special that housing prices here will definitely be higher than in the mainland.

So even if Hedong Garden cannot be demolished by then, the profit from the development of the buildable area on the land alone will be very considerable." Yang Dongxu said casually.

Zhou Ya nodded: "How are things going with the rich family?"

“Dade Real Estate filed for bankruptcy, and more than half of its previous assets were repossessed by banks and then divided up by other real estate companies. The industry in Hong Kong was also in shambles.

But Fu Dehai followed me and bought a lot of houses in Hong Kong. Even if he went bankrupt, he could still get a lot of money. In addition, Fu Chaming also has his own jewelry company. If he doesn't mess around, the family will not be rich.

questionable."

A skinny camel is bigger than a horse. Don't look at it. This time the rich family suffered a big setback. But even if the assets in their hands have shrunk drastically, they are still beyond the reach of ordinary people.

In particular, Fu Dehai currently holds at least hundreds of millions of funds in his hands. Although compared with Dade Real Estate's previous market value of tens of billions, Fu Dehai is worth tens of billions. Only one percent of this person is left in poverty.

But even one percent to one hundred million is beyond the reach of many people.

Moreover, Fu Decai still has shares in Haina, and the jewelry store owned by Fu Chaming is now worth more than 2 billion. Therefore, even if the rich family goes bankrupt, they are still billionaires.