I Want To Be a Rich Man on Hong Kong Island

In May 1981, after a year of comparative study of plans, Governor MacLehose announced that he would establish a plan to build a new international airport on the small island at the northern end of Lantau Island. It is estimated that 72 billion Hong Kong dollars will be spent on the construction of the new international airport project; The source of funds is jointly funded and developed by the government and private consortia.

The so-called co-funded development refers to the model of the Hong Kong subway project. The Hong Kong government sells land to raise funds with private consortiums, and also directly cooperates with private consortiums to develop land;

It should be noted that the government can not only use the land around the airport (Tung Chung) for development, but also use the development rights above the airport railway station;

For example, although the airport is located in Chek Lap Kok, a small island at the northern end of Lantau Island, an airport railway will be built to lead to Kowloon, and a cross-sea bridge will be built to connect to the road in Tin Shui Wai; then the airport railway will pass through Tsing Yi Island and will be in Tsing Yi Land was granted on the island.

In short, money is not a problem!

In this life, Hong Kong's economy is about 30% higher than in the previous life;

If the airport is not built in advance, Wu Guangyao predicts that it will have a very large impact on Hong Kong's economy;

Therefore, Wu Guangyao has been doing his best to promote this matter this year!

After MacLehose announced the plan, Wu Guangyao did some calculations, and it was a full eight years in advance, which is considered a very good time!

Affected by the announcement of the airport plan, Hong Kong's stock market and local market reacted again and immediately began to soar;

Among them, the Hang Seng Index soared from 1900 points to 2000 points, breaking through the 2000-point mark for the first time in history;

The Hang Seng Index in the previous life in 1981, the highest record was only more than 1800 points, obviously this life is affected by the Hong Kong economy, it is much higher;

The important thing is that Hong Kong's stock market is expected to climb to around 2300 points, which is Wu Guangyao's prediction!

In terms of real estate, although there have been signs of adjustment (weakness), since the announcement of the new airport plan, real estate has flourished again;

But there is one aspect that is abnormal, that is, the industrial buildings have started to fall. Many people don't pay attention to this. Most people think that the factories in Tin Shui Wai have affected the industrial buildings in Hong Kong.

 …

A few days after Hong Kong Governor MacLehose announced the new airport plan, the Hong Kong government announced another major event-that is, the land at the Central Bus Terminal will be auctioned at the end of June;

for a while,

It has aroused widespread discussion on Hong Kong Island!

Wu Guangyao called Wu Xianshuo and said: "The Hong Kong government is not stupid! Taking advantage of the announcement of the new airport plan to drive Hong Kong's stock market and the city, at the same time announced the auction of the king of land in the Central District, which is our old nest."

Yes, this piece of land is in the middle of Universal Building and Cheung Kong Building, with a total area of ​​148,000 square feet. It was Phase 1, 2, and 3 of Exchange Square in the previous life;

But in this life, the Wu family has already regarded this place as their old nest. If someone took advantage of the loophole here, it would be no less than the loss of an arm of the Wu family.

Wu Xianshuo's face became serious, and he said in a deep voice, "Father, a real estate expert asserted in the newspaper that the transaction price of this piece of land will be as high as 7 billion Hong Kong dollars!"

Wu Guangyao nodded and said, "I can still accept the deal of 7 billion Hong Kong dollars. After all, we have been treated as living targets!"

If the transaction is really 7 billion Hong Kong dollars, it is equivalent to 50,000 Hong Kong dollars per square foot (500,000 Hong Kong dollars per square meter), which is the most expensive land in the world;

It is estimated that when the Japanese bubble was serious, the core area of ​​Tokyo was worth this price!

In the previous life, before the auction of this piece of land, some people also predicted that the price would reach 7 billion Hong Kong dollars, but Landmark finally won it at 4.7 billion Hong Kong dollars; the reason is very simple. When the land was auctioned, the real estate had already shown obvious adjustment signals .

In this life, due to the combination of various reasons, the transaction price is only high but not low!

Wu Xianshuo said, "Then do we have a psychologically highest price?"

Wu Guangyao asked back: "What if you are the one to make this decision?"

Wu Xianshuo fell into short-term thinking, and finally said: "10 billion Hong Kong dollars will be my highest psychological price!"

Wu Guangyao said with a smile: "You are so generous! How about this, let me give you a suggestion for this auction price: If the price of this auction exceeds 8 billion Hong Kong dollars, but the competitor is Hongkong Land, you should not fight! If the competitor is other For the consortium, 10 billion Hong Kong dollars is our highest psychological price."

No matter how good the land is, there is a price;

Therefore, Wu Guangyao will never be overly impulsive!

Wu Xianshuo heard the words and thought about it carefully, why did his father give special "preferential treatment" to the land?

Soon, Wu Xianshuo said in surprise: "Father wants to take over the land company as well?"

Wu Guangyao asked back, "Could it be that you don't want to?"

Wu Xianshuo said: "In my dreams, I want to win Landmark and privatize it! Hongkong's Chater Building, Mandarin Oriental Hotel, Alexandra Building, Prince's Building, Glorias Building, Duke Building, Landmark Building, the seven The building is like a 'country' in the heart of Central, and outsiders can't squeeze in; of course, it is our Lane Crawford building, which just splits the Landmark Building and the other six buildings."

If Wu Guangyao took Cheung Kong Building (land), Lane Crawford Building (not exchanged), and the three buildings built by the upcoming auction of the Central Land King (Phase 1, 2 and 3 of Exchange Square), a total of five buildings were taken away. building;

In the previous life, Hongkong Land Company owned 12 Grade A office buildings in this area;

Moreover, even if the Jardine Company moved out of Hong Kong and sold off Hong Kong properties in Hong Kong, none of the twelve buildings were sold, and all the properties sold were properties outside Central.

From this point, we can see how high the value and significance of Zhonghuan are!

Wu Guangyao said: "So, I'm betting! If Hongkong Land really doesn't care about the land, they will borrow heavily; if the real estate keeps rising, they may be able to escape; if the real estate falls, it will kill them. By then, Landmark will be at your fingertips!"

In fact, Wu Guangyao dared to bet that Hongkong Land would not bid more than 8 billion Hong Kong dollars;

After all, the market value of Hongkong Land Company is only over 7 billion Hong Kong dollars, and the cost of a piece of land alone is 8 billion, and the subsequent construction costs are at least about 5 billion Hong Kong dollars. This is not the way to do business!

After the loss of Wharf (1972), Hongkong Land began to work hard and launched the "Central District Redevelopment Plan";

That is, the Chater Building, Mandarin Oriental Hotel, Alexandra Building, Prince's Building, Glorias Building, Duke Building, Landmark Building, these seven first-class buildings were rebuilt;

Just this year, Hongkong Land not only invested in Miramar Hotel Old Wing Project (3 billion) and Baibishan Villa Project (2.5 billion);

And also launched a new expansion plan - the demolition and reconstruction of Holland Bank and Yili Bank on Ice Factory Street (that is, the famous No. 9 property in the middle of the Avenue);

With so many projects bidding for 8 billion Hong Kong dollars, it is undoubtedly a suicide act!

Finally, I explained to my son Wu Xianshuo, after all these big projects, Wu Guangyao's past life vision is still very important!

At this time, Wu Xianshuo had completely managed the Global Group and the real estate group;

And Wu Guangyao only needs to make some suggestions on major projects, and basically let him do the rest!