We're building a super chaebol in Hong Kong
#149 - Urban Complex
"Actually, I know some inside information that you could use to plan ahead," Su Cheng suddenly said with a smile.
"Oh? What inside information? Please tell me, Boss," Wei Li asked, surprised.
In reality, both the modification of the early system lines and the Tsuen Wan line were determined before 1977.
Currently, only the modification of the early system lines is under construction and will be open for operation next year.
As for the Tsuen Wan line, it was approved for construction by the Hong Kong government as early as last year, and the construction start date has also been set for November of this year.
Therefore, these two lines have also been targeted in advance by major real estate companies.
"I learned from the Governor's Office that the third Hong Kong subway line will be the Island line. This line will run from Sheung Wan to Chai Wan, intersecting with the Central and Admiralty stations of the Tsuen Wan line to form transfer stations, with a total of 14 stations," Su Cheng said, picking up a pen and circling 14 different locations on the map.
Early Hong Kong planning included various subway lines, and the Island line was one of them.
However, until the government approves construction, no one knows whether these plans are just plans, or whether they will end up being a waste of effort.
After all, the construction of the modified early system lines also underwent revisions, modifications, and multiple work stoppages before the project could finally be successfully advanced.
The first line was so difficult, let alone the long-term planned route map.
Therefore, with so many lines planned, no one can say for sure which line will ultimately be finalized and which line will eventually be aborted!
As a result, although some real estate companies may tentatively invest in station locations that are still in the planning stage, they will not invest on a large scale. Naturally, this will not have a significant impact on these areas, and land prices will not rise outrageously.
"Boss, are you sure?" Wei Li asked seriously.
These things are related to Hutchison Whampoa's future development strategy, so he couldn't help but take the issue seriously.
Although Hutchison Whampoa has many industries, it is undeniable that real estate is definitely one of the most profitable industries among Hutchison Whampoa's many businesses.
Therefore, Wei Li attaches great importance to Hutchison Whampoa's real estate business.
Although the areas along the Island line are also very developed in Hong Kong, there is still a very big difference between having a subway and not having a subway.
Let's put it this way, if the Island line is not built in the end, Hutchison Whampoa's investment in these areas, while not necessarily resulting in losses and even potentially earning a lot of money, will clearly be much slower in terms of making money compared to investing near subway stations.
If one can earn 1 billion and the other can earn 3 billion, Wei Li will naturally choose the latter.
"I am very certain. This line is expected to be approved for construction by the Hong Kong government in two years, so now, before it is approved for construction, is the best time to plan ahead!" Su Cheng said with certainty.
According to the original historical trajectory, in December 1980, the Hong Kong government officially approved the construction of the Island line. Unless something unexpected happens, this will not be easily changed by Su Cheng, the time-traveler.
If it really changes, it can only be because Su Cheng personally intervenes to get the Island line built sooner.
Because, the current Su Cheng has that ability!
"Okay, I will make plans based on this line," Wei Li said, nodding.
Planning now doesn't actually require waiting until the subway opens to see results. Once the Hong Kong government officially approves the construction of the Island line, the land purchased in advance will appreciate in value.
As for the more distant future lines, Su Cheng didn't need to mention them.
Apart from the Modified Early System Line, the Tsuen Wan Line, and the Island Line, which are the three near-term lines, the other lines are all long-term plans and there's no need to put any effort into planning for them.
"Besides this, I actually have some other suggestions," Su Cheng said, looking at the commercial planning map of the subway stations that Wei Li had brought over, and thinking for a moment.
Its content includes large commercial centers, urban pedestrian streets, five-star hotels, office buildings, apartments, etc., integrating shopping, dining, culture, entertainment and other functions, forming an independent large business district.
Why build urban complexes? Because not only will our real estate and property benefit, but also many other industries under Hutchison Whampoa will benefit.
For example, building a large chain supermarket, a hotel, a cinema, a children's playground, etc. in each urban complex can benefit the related industries under Hutchison Whampoa.
An urban complex that integrates various consumption types can attract more consumers to spend, thus becoming a representative building in the area."
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Su Cheng explained the characteristics of urban complexes in detail to Wei Li. These are actually products that will emerge when urban development reaches a certain level in the future.
Su Cheng brought it up in advance because Hong Kong already has the conditions to build urban complexes.
Urban population, consumption power, transportation, etc., Hong Kong is performing very well.
In later generations, the Wanda Plaza, Taikoo Li, MixC, Joy City, K11, etc. that people are familiar with are all urban complexes.
If multiple urban complexes are set up in Hong Kong, it will be very beneficial to the future development of many industries under the company.
As a professional manager, and one of the top ones, Wei Li naturally has a very good eye.
Therefore, the more he listened, the more surprised he became, and the more excited he became. This opened up a new path for Hutchison Whampoa's future development.
Indeed, the gap between the urban complex that the boss was talking about and the single commercial complex currently planned by Hutchison Whampoa was too big.
In fact, the first generation of urban complexes had already appeared in this world, but compared to the urban complex that Su Cheng was talking about, it was simply too outdated.
"Boss, can you tell me more about the urban complex you are talking about?" Wei Li had already taken out paper and pen at this time, intending to record everything Su Cheng said.
"Since that's the case, then I'll explain it to you in more detail!
The urban complex I'm talking about should have these characteristics: super-large spatial scale, channel tree system, modern urban design, and high-tech facilities.
Its functions should include business, commerce, residence, hotels, entertainment, etc. The more complete the functions, the more able to attract consumer groups…"
Su Cheng began to explain in detail to Wei Li what the new generation of urban complexes in the future should look like.
Wei Li, like a student, listened while taking notes with a pen. In the office, only Su Cheng's voice and Wei Li's writing sound remained. From time to time, Wei Li would raise his own questions.
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