I Want To Be a Rich Man on Hong Kong Island

At the beginning of March 1962, the Hong Kong government promulgated a new building regulations, stipulating that the usable area of ​​new buildings should be reduced by 20%. The new regulations came into effect on January 1, 1966.

For a time, the real estate industry on Hong Kong Island was shaken, and the usable area of ​​new buildings was reduced by 20%, which meant that the same land had a lot less residential units that could be built, and the profits naturally decreased a lot.

The real estate companies that own the land are sharpening their knives one after another, striving to complete the approval and construction before 1966.

Real estate developers are frantically building houses, amateur speculators and professional speculators are also on the stage one after another, real estate speculators include straggler-style working class and scalpers, as well as group combat-style real estate companies and large financial groups;

The trend of property speculation is becoming increasingly hot, almost to the point of madness.

Cheung Kong is not in a hurry, after all, there are already six large-scale residential buildings under development, and the remaining three will be developed in the second half of the year;

Wu Guangyao specially convened a management meeting. At the meeting, Wu Guangyao shouted the catchphrase, "Steady and steady, step by step!" ';

Cheung Kong only develops existing projects, and Cheung Kong’s houses are not allowed to become a paradise for speculators, and are only sold to people who actually buy houses.

Everyone's impetuous hearts calmed down at once, but the boss spoke, and everyone should still do a good job with the project in hand, and there is no need to think about other things.

Wu Guangyao knows the history, no matter how much money he has in his hands, he will not invest in other real estate projects now;

Besides, Wu Guangyao has too many properties in his hands, and it will take a few years to digest them, and wait for the next big opportunity by the way.

However, Cheung Kong's refusal to increase investment does not mean that the real estate market on Hong Kong Island is cold;

We all know the principle of "buying at low prices", but in fact, most people are "buying at high prices";

The higher the price of real estate, the more people are speculating, and the more people buy it;

The same is true of the citizens who just need it, and the same is true of the speculators who speculate in real estate.

why?

Quite simply, there is a question of 'how long will the low tide last';

If the low tide passes quickly, buyers who take advantage of the low tide can naturally make big profits;

What if this low tide lasts for many years?

Unless there is a big boss with strong capital to 'salt' this house, ordinary businessmen can't even afford the principal and interest of the house loan, and in the end they can only cut their flesh to save their lives.

It is easier to explain in the hearts of citizens who just need it. When the housing price is hot, he is worried that it will rise again, so he will buy while it is high;

When housing prices were in a downturn, he was worried that they would continue to fall, so he took a wait-and-see attitude;

Two kinds of people (businessmen and citizens) have two kinds of psychology, but they all have one thing in common: I will not buy when the house price is low, but I will buy it when the house price is high!

It is precisely because of their mentality that Wu Guangyao can take every opportunity to buy high-quality land and properties with his funds;

After the low tide passed, the land and properties in Wu Guangyao's hands were like holding silver turned into gold, and he made a lot of money.

Don't wait until the 1990s, Wu Guangyao is the largest landlord on Hong Kong Island.

Until now, Wu Guangyao has seized two opportunities:

One was the "Hong Kong Island Crisis" caused by the establishment of New China in 1949, which caused panic on Hong Kong Island and land prices plummeted (house prices did not fall).

One was because in 1958, the real estate market plummeted due to the oversupply of real estate, and land prices and housing prices plummeted by about 70%.

After the two opportunities, Wu Guangyao's strength in real estate is already one of the best in Hong Kong Island.

At present, Cheung Kong Real Estate, which is wholly owned by Wu Guangyao, is undoubtedly very powerful. Its assets are as follows:

1. Five old-fashioned commercial buildings located in the central business district, which can be demolished to build new commercial buildings in the future. The current value is about 100 million Hong Kong dollars.

2. 200,000 square feet of commercial land, four commercial buildings can be built in the future, the current value is about 60 million Hong Kong dollars.

3. The land value of the Universal Building under construction is already as high as 40 million Hong Kong dollars, and the construction cost is as high as 80 million Hong Kong dollars. After completion, it will be a 46-story landmark commercial building in the central district, worth about 200 million Hong Kong dollars.

4. The Yangtze River Building under construction is built after the demolition of the original Universal Building, with a height of 28 floors. The current value is estimated to be around 70 million Hong Kong dollars.

To sum up, the fixed assets of Cheung Kong Real Estate should be 430 million Hong Kong dollars at present.

Wu Guangyao's other real estate company, Cheung Kong Industrial, is a listed company, and the current value per share has risen again, reaching 16.8 yuan per share;

The total market value of Cheung Kong has reached 800 million Hong Kong dollars, and Wu Guangyao's shares are worth 500 million Hong Kong dollars;

Cheung Kong's assets include:

1. The Yangtze River Center commercial complex (for rent only, not for sale), with a floor area of ​​2.51 million square feet, and the current annual rent can reach 25 million Hong Kong dollars.

2. Nine residential real estate projects are expected to make a profit of 300 million Hong Kong dollars (the housing price will skyrocket) after all development is completed.

3. Three independent 10-story industrial buildings under construction, with a total floor area of ​​500,000 square feet. The business model is to rent only and not sell, and the annual rent can reach about 2.8 million Hong Kong dollars.

4. Two commercial buildings located in the central area of ​​the island, with an annual rent of up to 1.8 million Hong Kong dollars.

Calculated in this way, Wu Guangyao's net worth in real estate is 930 million Hong Kong dollars.

If Wu Guangyao wants to get together a net worth of 10 billion, he only needs to count two more companies!

How much is Universal Group worth?

First of all, let’s calculate the global shipping fleet, which is currently 7.2 million tons of new ships (new ships fully paid), with a total value of 1 billion US dollars;

Next, let’s calculate the value of Global Terminals. There are currently 15 terminals, and the total value should be 200 million US dollars;

Finally, the value of Hong Kong Island Airlines, if it is higher, the value should be 50 million US dollars;

To sum up, the fixed value of Universal Group should fluctuate around US$1.25 billion. Based on Wu Guangyao’s 76% shares, Wu Guangyao’s net worth in Global Shipping should be US$950 million, equivalent to HK$5.5 billion.

How much is the PG zipper worth?

At present, PG Zipper Group (including Yaoshi Industry and YKK Zipper) can bring Wu Guangyao a net profit of 40 million U.S. dollars every year. If someone wants to buy him, please exchange it with 800 million U.S. dollars.

Not counting the shares of other people in YKK Zipper, Wu Guangyao can sell at least 700 million U.S. dollars, with a total value of 4 billion Hong Kong dollars.

It can be said that with these three industries alone, Wu Guangyao's net worth is already 10 billion Hong Kong dollars!

Moreover, the cash in Wu Guangyao's hands has also reached 180 million US dollars, which is quite sufficient ammunition.

 …

On March 22, the "TV war" that Japan's seven major electrical appliance manufacturers had been preparing for for more than a month suddenly broke out in the United States.

The American TV industry was quickly thrown into disarray by the onslaught of thousands of cheap Japanese TV sets;

A color TV that costs just over US$400 is undoubtedly a favorite in the eyes of the American people;

Without even the slightest hesitation, everyone would choose Dongying's brand. As for domestic brands?

The United States is not interested in that kind of thing, in the United States it is at least beneficial!

Before long, eight TV makers and several smaller companies were pushed out of the industry, and many of the big players were wiped out.

In the U.S. semiconductor industry, Motorola, the largest manufacturer, has always been the leader in TV production. As early as 1959, it had established a branch in Japan. The impact this time was not small.

As Wu Guangyao analyzed, this war has already begun, but American manufacturers have no countermeasures at all, and can only disappear in the river of time.

Even if there are trade sanctions, Wu Guangyao estimates that it will take about five years. After all, it will take three years for a trial in the US courts, and one or two years for other procedures.

By that time, there are only a few TV manufacturers left in the United States who are seriously injured.

At that time, Lenovo Electric will spend a huge sum of money to directly acquire Motorola's TV industry, and they will not refuse this huge sum of money.