We're building a super chaebol in Hong Kong
#595 - Allocate building use rights
As for the two behemoths, Hutchison Whampoa and the Su Group, they naturally accounted for the lion's share of the investment.
In addition, Tianqi Property Company will also gradually acquire some properties in Macau to supplement their industries there. Relying on this Macau Commercial Building and six villas is far from enough!
Another major investment comes from Tianyuan Investment Company.
This investment company, wholly controlled by Su Cheng, will also make large-scale investments in Macau.
Infrastructure projects such as Macau International Airport, land reclamation projects, and the future Macau-Taipa Bridge are all investment directions for Tianyuan Investment Company.
Su Cheng didn't plan to make much money in Macau through Tianyuan Investment Company.
These infrastructure projects would be difficult to initiate by relying on the Macau government alone. Only with his promotion can construction begin as soon as possible.
Of course, he will bring in more investors to dilute the investment funds, which can both promote Macau's infrastructure development, allowing Macau to develop better, and avoid investing too much capital himself, killing two birds with one stone!
More than a dozen company executives chatted freely in this office.
Everyone present was one of their own, and having reached this position, they all knew what could be said publicly and what couldn't, so they weren't afraid that their conversations would be leaked.
Currently, the largest investment project in Macau is probably the urban renewal project.
Hutchison Real Estate and Su's Real Estate ultimately decided to jointly divide most of the demolition projects, while the real estate company under Hong Kong Electric Group will also share a small portion.
As for the local real estate companies in Macau, even after this matter is announced, they probably won't have the strength to carry out the demolition.
Demolition, reconstruction, compensation, and so on—a large-scale demolition project basically requires several billion to be successful.
Currently, there are no real estate companies in Macau with such strength.
Even if there were, they wouldn't dare, as no one knows whether it will actually be profitable in the end.
After all, the original owner of this Macau Commercial Building deeply experienced how unprofitable it is to invest in commercial buildings in Macau.
As for building all residential complexes? That's definitely not possible. If demolition and reconstruction are carried out, the government will definitely re-plan the area. There will be residential areas, but it's impossible to build all residential areas.
Moreover, although there are quite a few wealthy people in Macau today, there are even more poor people. Building too many residential complexes may not be sellable!
This is the view of local businessmen. Therefore, although many new residential areas have been developed on Taipa Island, the scale is not very large, and the sales speed is not fast.
However, Su Cheng and his group are not afraid of this problem at all.
As they continue to invest in various industries in Macau, the economy here will begin to take off.
Subsequently, the population will increase rapidly, and the number of middle-class and upper-class people will continue to grow. By then, the demand for real estate in Macau will also increase greatly, and housing prices will skyrocket.
Not to mention anything else, the electrical appliance manufacturing factory alone can provide over 100,000 jobs in Macau.
Although the wages of assembly line workers are not high, factories that rely on overtime to increase wages can at least bring the wage level of these employees close to the average level.
As long as these people have stable jobs, their lives will naturally get better and better. After working for a few years, buying a house in installments is not difficult!
And if the various industries under Su Cheng's banner experience explosive investment, there will be not only these factory positions but also positions in all walks of life.
By then, the employment demand in Macau will greatly increase.
This will also attract more foreigners to Macau.
Although Macau has already reached a population of more than 200,000, Su Cheng believes that it is far from reaching a bottleneck.
And in the Macau of the world before Su Cheng transmigrated, the population was already close to 700,000.
In such a small area, with so many people living there, Macau can still develop normally. In the final analysis, it depends on how to plan and how to properly resettle these people.
By carrying out urban renewal and demolition of all these low and dilapidated buildings and building more high-rise residential complexes, Macau will naturally be able to accommodate more people.
"Next, you should take on more of the investment in Macau. In addition, this Macau Commercial Building, as your temporary Macau headquarters, will be extremely important in the next year or two. Therefore, I will now divide the office areas here!
The entire building has a total of 15 floors. In addition to the lobby, the rest of the first floor is shops. These shops will be handed over to the Oracle brand experience store to open a flagship store here;
The 8th floor will be used by Hong Kong Electric Group;
The 15th floor will be used by Tianyuan Investment Company;
The 2nd to 7th floors will be used by the remaining companies. However, everyone can rest assured that this is only temporary. I am also having people negotiate for another building next door. At most, it will not take a month, and by then, each of you will be able to occupy at least an entire floor of office space.
And after things stabilize here in the future, you can each find a new place to establish your own Macau headquarters. Whether to continue using this place or build a new building yourself, or even buy a commercial building, is up to you to decide.
The newest and most complete novels are all on Liu Jiu Shu Ba, first published!
This office where we are holding the meeting will continue to be used when meetings need to be held. Therefore, although the 13th floor is used by the Su Group, General Manager Yang, you must keep this office. Even if you treat it as your Macau office, it doesn't matter, but when there is a meeting, this will be the common office for all companies."
When the conversation was almost over, Su Cheng talked about the right to use this building.
Hutchison Whampoa and the Su Group are two behemoths that other small companies cannot compare with, and they are also the main force of investment, so they each occupy 3 floors.
Hong Kong Electric Group will invest a lot in power plants and real estate next, so let him also occupy one floor.
As for Tianyuan Investment Company, because their investments are often confidential, it is definitely impossible to be on the same floor as other companies, so they also occupy an entire floor, and it is also on the top floor.
As for the remaining companies, the scale of investment does not seem to be too large at present. They will not be so fast, and a total of 6 floors are temporarily allocated for them to use together, which is completely sufficient, but this uneven distribution will inevitably easily cause internal problems.
So Su Cheng planned that each of the companies represented by everyone present should have at least one floor of office space to use.
Coincidentally, across from the Macau Commercial Building, there is an 8-story office building, which costs only three to four million Macau patacas at market prices.
Currently, the owner of this building has no intention of selling it, but Su Cheng has already asked Zhang Qizheng to talk to the other party.
There is no transaction that cannot be completed. If it cannot be completed, it must be because of the price. A few million Macau patacas is a small matter for Su Cheng.
Therefore, taking down the building next door is only a matter of time. (End of this chapter)
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