We're building a super chaebol in Hong Kong

In fact, according to the trend of history, Xiangjiang's real estate market will collapse in 1982, and the first to bear the brunt will be land prices.

If Su Cheng doesn't buy now, he can pick up more affordable land at a lower price in 1982.

According to records, during 1982, land prices in Xiangjiang generally fell by 40% to 60%.

However, the location of this land owned by Jardine Matheson and Hongkong Land is really too good. Now is a good opportunity to buy it. If it is left until that time, it may not be possible to buy it.

Central is so small, and there is even less open space, especially along the Victoria Harbour waterfront in Central. Every piece built is one piece less.

If Su Cheng doesn't take advantage of Jardine and Hongkong Land's lack of money to take this land, it will be basically difficult to take it in the future.

Therefore, Su Cheng would rather spend several hundred million more Hong Kong dollars now to take it down, otherwise, this land will have nothing to do with him.

Anyway, it is now being purchased at a price much lower than the market price, even if the real estate market collapses, he won't lose much.

Moreover, it is only 1979 now. If construction starts now, by 1982, even if it is not completed, at least the main structure of the building will be built.

Just like the current tallest building in Xiangjiang, Connaught Centre, construction started in October 1971, and a grand "topping out" ceremony was held in April 1973, lasting only a year and a half.

"Mr. Bowditch, what are the conditions?" Su Cheng asked directly.

"Mr. Su, Hongkong Land wants to exchange the Cameron House in Jordan with the headquarters building of your Su's Group. The Cameron House has 19 floors and a land area of 48,000 square feet. Whether in terms of height or area, it is far more than the Su's Group Building, which is only 8 stories high. I think you won't lose out on this."

Exchange buildings?

Su Cheng was a little surprised.

He didn't expect Bowditch to make such a suggestion.

He didn't rush to answer, but asked Xiao Ai to find the information.

They want the land of Su's Group, there must be a purpose.

Sure enough, Xiao Ai quickly provided Su Cheng with a copy of the information.

It turns out that Hongkong Land is currently implementing a ten-year reconstruction plan. The first phase of the project is to rebuild Alexandra House, the second phase is to rebuild Gloucester Tower and Prince's Building, and the third phase is to demolish and rebuild the adjacent Swire House and Mandarin House to build Edinburgh Tower.

This construction plan has a characteristic, that is, they are all a group.

After all the projects are completed, including Connaught Centre, Taikoo Place, Mandarin Oriental Hotel, Prince's Building, Alexandra House, Gloucester Tower, Edinburgh Tower, and Landmark, they will eventually be connected. Corridors will be built between the buildings, like an independent kingdom.

Hongkong Land's goal is very big. They want to create a heart of Central in Central. For this reason, they have invested billions of Hong Kong dollars before and after.

After reading Hongkong Land's plan, Su Cheng had to admire Hongkong Land's ideas.

This idea is very advanced!

As expected of the oldest real estate company in Xiangjiang, they are laying out for the future!

It seems that Bowditch and the other helmsmen behind Hongkong Land do have the ability.

And why do they want to exchange Cameron House for the Su's Group Building?

Su Cheng quickly found the answer.

The location of the Su's Group Building is right next to Swire House. If they want to build Edinburgh Tower, it is best to take the land of the Su's Group Building as their own, so that the construction area of Edinburgh Tower will be larger and the planning will be better.

Although the location of Jordan is not bad, it is still much worse than Central.

In terms of housing prices, the two places can differ by one or even more times.

This is why Bowditch is willing to exchange Cameron House for the Su's Group Building.

After learning about Bowditch's purpose, Su Cheng couldn't help but sigh, Su Tianhe's purchase of the Su's Group Building more than ten years ago was simply a wise choice!

Back then, Su Tianhe spent more than ten million Hong Kong dollars to buy this building.

At that time, more than ten million Hong Kong dollars was not a small amount.

But today, although the Su's Group Building is only eight stories high, its value is at least over 300 million Hong Kong dollars.

And because Hongkong Land is in urgent need of this land, it cannot be calculated at the market price, it can also have a premium!

Although Cameron House is not bad, Su Cheng really wouldn't exchange it for the Su's Group Building.

In Su Cheng's view, if the Su's Group Building is rebuilt, the future prospects are much more promising than this Cameron House.

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Although the Su's Group Building is not close to the sea, it is considered to be in the core area of Central.

Even if the two are currently not much different in value because Cameron House has a larger construction area, the value gap between the two will only become larger and larger in the future. Of course, the Su's Group Building has a higher value.

Therefore, the seemingly equal transaction is not equal in Su Cheng's view.

"Mr. Bowditch, the reason why Hongkong Land wants to take the Su's Group Building is because you want to build an auxiliary building for Edinburgh Tower there, right?" Su Cheng said with a smile.

"I didn't expect Mr. Su to know. Our Hongkong Land Group actually discussed this matter with your father, Mr. Su Tianhe, before, but your father refused at the time," Bowditch said regretfully.

"To be honest, Mr. Bowditch, I have to tell you the truth. In your opinion, the value of the two seems to be similar, but in my opinion, Cameron House is far inferior to the Su's Group Building," Su Cheng said with a smile.

"Does that mean there is no room for negotiation?" Bowditch asked very directly.

"It's not that there is no room for negotiation, but if you want to exchange for the Su's Group Building, you should use something else to exchange it. To be honest, I don't like Cameron House."

Su Cheng said very directly, and the meaning is very simple. In his opinion, Cameron House is not worthy of being compared with the Su's Group Building.

Bowditch and Niu Bi Jian looked at each other, and both stood up at the same time. Niu Bi Jian said, "Mr. Su, let's discuss it again."

For Hongkong Land, Su Cheng's words were not absolute, which is also an opportunity.

Because they all know that this land must be sold anyway. This additional condition is just Bowditch's special proposal. Even if Su Cheng does not agree, they have no choice, and the land will eventually have to be sold at a loss.

Therefore, since Su Cheng is willing to exchange, then they should discuss which property to exchange with the Su's Group.

Hongkong Land has nothing but commercial buildings.

Nearly a century of development history has allowed Hongkong Land's properties to spread throughout Hong Kong and Kowloon, especially in Central.(End of this chapter)