I Want To Be a Rich Man on Hong Kong Island

The land compensation fee for Huangpu Dock was finally fixed at 350 million Hong Kong dollars, plus 200 million Hong Kong dollars in road fees;

This price is cheaper than that discussed by Lao Li in the previous life;

You must know that the timing of Lao Li’s talks was actually better than that of Wu Guangyao’s talks, because at that time, the Sino-British negotiations had just ended, and the Hong Kong government wanted to stimulate real estate as soon as possible, which was in the interests of the Hong Kong government.

In this life, the reason why the Hong Kong government agreed to such a low price is naturally to reciprocate the price, to thank Wu Guangyao for his assistance in the "Hong Kong dollar crisis";

Wu Guangyao lent 2 billion US dollars to the Hong Kong government, and the monthly interest can be more than 100 million Hong Kong dollars, but Wu Guangyao gave the Hong Kong government interest-free for 3 months.

At the same time, after the Hong Kong government fixed the exchange rate between the Hong Kong dollar and the U.S. dollar, Wu Guangyao also ordered his bank to open a U.S. dollar exchange window;

The reason for this—exchanging his own dollars to others, Wu Guangyao also has a reason:

First, as long as the exchange rate is fixed, Hong Kong dollars and U.S. dollars are the same to me, because I am optimistic about the development of Hong Kong; don’t look at the loss of foreign exchange in Hong Kong in the recent period, but as long as the Sino-British negotiations are over, outside funds There will be crazy inflows into Hong Kong; as a free economic zone, Hong Kong is relatively convenient for capital outflows and inflows. As long as there are no problems with the policies, foreign capital will flow in crazily.

Second, in the past few years, Wu Guangyao will try not to use Hong Kong funds to invest overseas, so as not to be said to be money-taking; of course, there are still a lot of overseas investments, but Wu Guangyao still has five children overseas. Investments can be made in their names; while Hong Kong's two branches will mainly invest in Hong Kong and the mainland; therefore, it is unnecessary to keep too many US dollars, and switching to Hong Kong dollars also meets actual needs.

.....

Time passed quickly, and another half a month passed.

Xiangjiang was hit by good news one after another during this period, the market finally stabilized the decline, and the Hang Seng Index stabilized around 900 points;

Of course, the transaction volume in real estate is still sluggish, which is similar to the period of the lowest decline, but slightly better;

After all, the reaction speed of the real estate market is far lower than that of the stock market.

At this time, there is an obvious turning point in the future of Hong Kong, that is, Downing Street publicly stated that it intends to withdraw from Hong Kong; it will no longer demand to continue to hold Hong Kong's sovereignty and governance rights. The main content of the next negotiation will be how to manage The period from 1983 to 1987, and how to ensure the interests of British capital in Hong Kong, etc.;

Although the conflict is still there, now China and the UK can finally sit down and negotiate steadily. The sword of Damocles hanging over the citizens of Xiangjiang has finally disappeared. The worst outcome will never happen again. As long as we can negotiate, we can talk about anything .

Affected by this, the impact of the 'Hong Kong dollar crisis' has gradually weakened, and Downing Street has also breathed a sigh of relief; you know, when the 'Black Saturday' appeared in Hong Kong, Downing Street finally panicked and dispatched an undersecretary of foreign affairs to Hong Kong to put out the fire ; If I play too big, once Hong Kong's economy collapses, it will have a very bad impact on the entire Commonwealth of Nations.

......

With the future problem solved, the second most important thing is naturally the economy, and for many people, the economy is even more important than life, that is, ordinary people who have lost a large number of jobs due to the economic crisis.

On September 20, Hutchison Whampoa announced in the media the preliminary construction plan of the "Whampoa City", with a total investment of 5 billion Hong Kong dollars (including the land price).

On September 21, Hongkong Land Group and Kowloon Real Estate reached a real estate project transaction: Hongkong Land Company sold the Chater Building, Alexandra Building, and Hongkong Land Building in Central to Kowloon Real Estate for a transaction price of 4.5 billion Hong Kong dollars; Hongkong Land Group received 4.5 billion Hong Kong dollars will be used for short-term bank debt and restarting real estate projects.

On September 22, some media reported that the real estate company under the Wu family is currently constructing real estate projects in Hong Kong with a total investment of more than 40 billion Hong Kong dollars; among them, the total investment of Exchange Square is 10 billion (including the land price of 5.7 billion Hong Kong dollars), The total investment of Times Square is 2.5 billion Hong Kong dollars (excluding land price), the total investment of Huangpucheng is 5 billion Hong Kong dollars (including land price), the total investment of Baibishan villas is 4 billion Hong Kong dollars (land price is 1.6 billion Hong Kong dollars), the total investment of Silverstrand Bay high-end residential area HKD 5 billion (including villa area,

The land price is 2.3 billion Hong Kong dollars), the total investment of Tianshuiwei Huguang Manor is 2.5 billion Hong Kong dollars (the sixth large housing estate, the investment includes the land price.)..........

Faced with the stimulus of these good news, the stock market still responded the fastest. Of course, real estate-related stocks soared one after another, generally above 5 points, and most of them rose by more than 10 points.

Just when the market responded enthusiastically, China Everbright Bank, Hang Seng Bank, Standard Chartered Bank, and Hang Lung Bank issued a joint announcement: officially launched a support plan for enterprises operating in Hong Kong; any enterprise itself has no problems, but is seriously affected by external influences Enterprises are all within the scope of support; these enterprises can take the initiative to seek help from the four banks, and the four banks will provide maximum support.

Seeing this, HSBC hurriedly followed, for fear that everyone would steal the limelight of this 'pseudo-central bank'.

For a while, it caused a violent reaction on Hong Kong Island, and some companies began to go to the five banks to seek help;

After the real estate crisis broke out, most of the banks in Xiangjiang began to shrink their lines and withdraw funds from the real estate market. Even if some companies were not forced to repay their debts immediately, it became extremely difficult to approve loans for new projects, which actually affected the entire real estate market. It's even worse.

Without the support of banks, how many real estate companies can develop projects with their own funds?

Of course, confidence is also a key issue. For example, Hang Lung Properties' Admiralty Section 2 real estate project, if they dare to gamble, they will definitely not lose money, and even make a lot of money;

As for how to raise funds, Wu Guangyao had already suggested to them at the beginning, that is, their respective companies pumped water in the stock market, and combined loans from banks (every bank loaned a little, the bank will still pass it, after all, the combined companies of the consortium are all It is a good real estate company.)

.........

Hang Lung Properties

Chen Zengxi was in a complicated mood in the office at this time, holding a newspaper in his hand;

"If someone had given me a loan back then, I wouldn't necessarily have given up on the Admiralty Section 2 project!"

"Everything is fate, nothing can be controlled!"

It turned out that when Chen Zengxi saw the "support plan" issued by China Everbright Bank, Hang Seng Bank, Standard Chartered Bank, Hang Lung Bank, and HSBC in the newspaper, he suddenly felt a little regretful that these banks only started to support after he lost the development rights of the second section of Admiralty. plan.

"This is life! However, being able to withdraw the reservation (Hang Lung's total of 150 million Hong Kong dollars) has prevented Hang Lung Bank from being seriously injured; speaking of it, I really have to thank Mr. Wu Guangyao for his "life-saving" grace."

"Admiralty Second Section has nine stations with development rights, and the development property on the first station has not sold much. If we really get a loan at some point, we may not be able to make a lot of money. At this time, it seems that real estate The situation has begun to stop the decline, but it has not seen an upward trend. Only the consortium with real financial resources can persist until the dawn of real estate!"

Chen Zengxi quickly figured it out again, and felt a little better.

Two years ago, that is, in 1981, Hang Lung Group's various investments were gradually recovered, and the business also entered a peak period;

Chen Zengxi was ambitious, so the three major consortiums headed by Hang Lung jointly participated in the bidding for the property development rights of 9 subway stations along the Hong Kong Island MTR. Ten thousand feet (700,000 square meters).

The locations of these properties are all prime commercial locations, and with the assistance of the subway, it can be said that it was the largest project in Hong Kong at that time, but the construction cost was as high as 7 billion Hong Kong dollars. According to the housing prices at that time, the total real estate value was as high as 18 billion Hong Kong dollars. If If the development goes smoothly, Hang Lung can benefit HK$4 billion (accounting for 38% of the shares).

In history (previous life), if this project is successful, its scale and income will exceed Comrade Lao Li's Whampoa Garden a few years later.

Unfortunately, there is no if in history. In September 1982, Margaret Thatcher fell in Beijing, which opened the prelude to the negotiation between China and Britain on the future of Xiangjiang. The real estate market in Xiangjiang plummeted, and Hang Lung Properties also paid a heavy price. .

In 1982, Hang Lung invested heavily in the development of the first phase of the 9 subway station business (in phases, the first phase of the development paid the land supplement fee for the first phase); The pre-sale rule is that the pre-sale can only be started 9 months before the completion of the entire project), the land price has dropped rapidly, and a large number of new houses have been left unattended. In an instant, the consortium formed by Hang Lung has nearly one billion Hong Kong dollars in funds.

However, the development of the second phase is imminent. When the entire project was won, Hang Lung Group signed an agreement with the Hong Kong government and the subway company, what must be done within the specified time, and the time for the second phase of development is coming. A land premium of HK$1.82 billion must be paid to the Hong Kong government before development.

The funds for the first phase were trapped, and Hang Lung was no longer able to pay the second batch of land price of 1.82 billion Hong Kong dollars. It could only bite the bullet and propose to the Hong Kong government to change the land price to 1.4 billion.

Of course, the Hong Kong government will not agree. If the land price has fallen, you ask for a price reduction?

In the past, after so many land auctions were completed, the land price rose again, and no real estate company came out to supplement the money for the Hong Kong government, right?

What is even more shocking is that at this critical moment, the Japanese bank that had already signed a contract to lend 1.5 billion Hong Kong dollars to Hang Lung forcibly defaulted on the contract and paid tens of millions, and withdrew the loan plan, which completely cut off the capital chain of the Hang Lung Consortium.

If it weren't for Wu Guangyao, the consortium formed by Hang Lung would have lost 400 million Hong Kong dollars in the contract for the second phase of the project alone; according to the 38% shareholding of Hang Lung Properties, Hang Lung would have lost 1.5 Hong Kong dollars in funds;

And Wu Guangyao took this project and not only paid 400 million Hong Kong dollars, but 450 million Hong Kong dollars, which can be described as a "good person";

What's more, Wu Guangyao gave them advice in advance, using the stock market to pump water, and multiple banks to combine loans;

It can only be blamed for their lack of determination, which led to this 'failure'.

Of course, then again, even if the consortium had collected the land subsidy fee, it would take more than two years for the real estate to become prosperous;

During this period, they cannot recover the funds and have to pay a lot of interest, which may not be good for them.

"Jingle Bell!"

The sound of the phone disturbed Chen Zengxi's thoughts, Chen Zengxi picked up the phone!

"Hi, Chen Sheng, I'm Wu Guangyao!"

"Mr. Wu, hello!"

"Well, are you still interested in the seven station projects behind Admiralty Second Section? If you are interested, let's sit down and chat!"

"Yes! Give me a time and place!"

Putting down the phone, Chen Zengxi was overjoyed!

There are a total of nine stations in Admiralty Section 2. Only two stations have been developed so far, and there are still seven more stations to develop, with development rights for 8,000 residential properties and 5 commercial buildings;

Although the Hong Kong government conducts approvals one by one, the property development rights at the nine stations are packaged and tendered;

Therefore, there are still development properties on the next seven stations, which are in the hands of Wu Guangyao.

"Sure enough, this guy only has a lot of determination for commercial buildings in high-quality locations, but not too much determination for residential properties; otherwise, with his strength, there is not much room for development of real estate developers on Hong Kong Island. "Chen Zengxi said to himself.

This is actually a fact. Wu Guangyao does not have high requirements on the development level of residential buildings, as long as he can supply 20% of the market demand in Hong Kong, that is to say, he can reach the level of Li Chaoren in his previous life.

 …

Central, Mandarin Hotel.

Wu Guangyao was sitting in a box, and standing beside him was Atkinson, the general manager of the Mandarin Oriental Hotel in Central;

While waiting for someone, Wu Guangyao briefly listened to Atkinson's report on Hong Kong Mandarin Hotel.

At this time, Mandarin Hotel was not called Mandarin Oriental Hotel, and there were only two hotels in Hong Kong and Bangkok;

Far from reaching the scale of later generations - 45 hotels are in operation in 27 countries around the world, of which 19 hotels are located in Asia, 12 are located in the United States, and 14 are located in Europe, the Middle East and North Africa.

In the previous life, Mandarin Hotel was spun off in 1985 and developed independently; at the same time, it was renamed as "Mandarin Oriental Hotel", and the Mandarin Oriental Hotel Management Group was established, which started the process of rapid development.

In this life, Wu Guangyao will naturally not bury this hotel brand, and will soon spin off Hongkong Land Group and use the brand of "Mandarin Oriental";

As for the future development, it will never be lower than the achievements of the previous life;

Although the Mandarin Oriental Hotel will be spun off, it still belongs to the Hongkong Land Group. It is just a spin-off and independent development.

In the previous life, the Hong Kong Mandarin Oriental Hotel was listed as one of the three major hotel blue chip stocks (Peninsula Hotel, Miramar Hotel), and it was as famous as the Peninsula Hotel. This shows the strength of this hotel, and it is even more famous in Central than the Hilton Hotel.

In this life, among the hotels in Hong Kong, the hotel owned by Wu Guangyao naturally occupies an absolute advantage;

Even in overseas surveys, the Burj Al Arab and the Ritz-Carlton Hotel are the absolute first echelons in Hong Kong, with a very high reputation in the world (the top ten in the world);

The second echelon is the Peninsula Hotel, Mandarin Oriental, Shangri-La Hotel, New World Hotel, Regent Hotel, Marco Polo Hotel, Westin Hotel, etc.

"Well, it's a critical moment for the company recently, you should pay attention to it; after the restructuring plan of Hongkong Land Group comes out, Mandarin Hotel will have a great development opportunity, and you will also have a bright future." After listening to the report, Wu Guangyao encouraged.

"Boss, don't worry, the company's employees have been very active recently, and they haven't shown any abnormal behavior. On the contrary, they are full of admiration for you, boss!" Atkinson flattered him respectfully. Those who can defeat the Keswick family are naturally not these British executives can rebel.

Moreover, when Wu Guangyao settled the three giants of Hutchison Whampoa, he immediately let the British executives of his company understand that the strength of the Chinese today has far surpassed that of the British, so it is true to put away the previous arrogance and do things well.

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