I want to be a giant of Hong Kong Island

Chapter 279 [Everyone is here to buy the bottom! ] (Ask for a monthly pass!)

Watanabe is a Japanese real estate developer who has invested in the real estate industry on Hong Kong Island for three years;

At the beginning of 1955, Hong Kong Island canceled the ban on buildings no higher than five floors;

As if he had discovered the New World, Watanabe immediately raised funds and came to Hong Kong Island to invest in the real estate industry.

He earned 400 million Hong Kong dollars in the first year, and another 600 million Hong Kong dollars in the second year; with such crazy profits, Watanabe decided to make a big deal and develop a large-scale commercial building project in the central district.

Coincidentally, Cheung Kong just sold the land in the Central District in its hands. This land has a full area of ​​12 square feet and the price is 900 million Hong Kong dollars.

There is no doubt that Watanabe got the land.

After getting the land, Watanabe's plan is to build two large commercial buildings;

Watanabe immediately applied to the Hong Kong government to change the nature of the land, and the residential land was changed to commercial land. Watanabe also needs to pay 2000 million Hong Kong dollars for the land.

This is not difficult. Many Dongying businessmen have Dongying consortium behind them, and Watanabe has received a loan of 2000 million Hong Kong dollars from Sumitomo Bank.

It is conceivable what happened next. The two commercial buildings were built less than half a year ago, and the real estate on Hong Kong Island plummeted. Next, Sumitomo Bank refused the follow-up loan, which put Yu Watanabe in a desperate situation.

Seeing Yuu Watanabe again, looking at Yuu Watanabe's face, Wu Guangyao actually felt that ten years had passed, the vicissitudes of Yuu Watanabe's ten years.

"Mr. Wu, why did you think of selling this land in the first place?" Yuu Watanabe couldn't help asking.

Undoubtedly, Wu Guangyao's behavior made people suspicious. He first sold the land and then bought it again.

"Mr. Watanabe, businessmen are looking for profit, selling at high prices and buying at low prices is perfectly normal, so there are so many reasons!" Wu Guangyao said with a smile, he was not afraid at all that Watanabe would not sell, because he had to sell; , His other projects could not be kept.

Shi Jun had already negotiated everything, and Wu Guangyao just came to sign the contract.

Wu Guangyao bought back the land in Wanchai that was sold to Watanabe for 900 million Hong Kong dollars at the beginning;

It seems that Wu Guangyao didn't earn a penny, but in fact, the nature of this land has changed, from cheap residential land to expensive commercial building land.

In 1957, the land for this commercial building was worth as much as 3000 million Hong Kong dollars, or 250 Hong Kong dollars per square foot; now, Wu Guangyao can get it for only 900 million Hong Kong dollars.

Seeing Wu Guangyao's refusal to tell the truth, Watanabe Xiong asked tentatively, "Mr. Wu is hunting for the bottom line. Do you think the real estate on Hong Kong Island will recover?"

Wu Guangyao is a celebrity on Hong Kong Island, and Watanabe has done some research; so I really want to know whether Wu Guangyao thinks that the real estate industry on Hong Kong Island will recover.

"Mr. Watanabe, as far as I know, you can't last even a year, so why care about the prospects of real estate on Hong Kong Island; even if you gain confidence from me, you can persuade the bank to give you a few years' chance Is it?" Wu Guangyao laughed.

Watanabe is not the only project in Hong Kong Island, there are several residential buildings that have not been sold;

Therefore, he had to sell this piece of land, otherwise his residential building would be confiscated by the bank.

Watanabe was immediately discouraged after hearing Wu Guangyao's words, yes, if he didn't have to, how could he sell this land.

Even if the real estate industry on Hong Kong Island will recover, who knows the recovery cycle?

Many bankrupt real estate developers begged the bank at the moment of bankruptcy, asking the bank to give themselves some time, because they know that real estate will always rise and fall; but as a bank, they will not give you a few years of opportunity, for them Generally speaking, the longer the cycle, the greater the risk.

Witnessed by the lawyer, both parties signed their names and affixed their official seals, and the deal was considered complete.

Wu Guangyao's Cheung Kong Real Estate finally owns the first piece of commercial land. The injection of 5000 million Hong Kong dollars also cost more than 900 million Hong Kong dollars.

In the following time, Wu Guangyao frequently acquired land in a low-key manner. In Kowloon, he mainly acquired residential land, while on the main island, he mainly purchased old-fashioned commercial buildings (the buildings were demolished and rebuilt later).

North Point is located on the north shore of the island, facing Victoria Harbour.

Li Chaoren has just bought a piece of land and plans to build a 12-story industrial building, thus stepping into the real estate industry.

At this time on Hong Kong Island, land prices have fallen by 70%, but the industry is on the rise;
Li Chaoren has always been cautious, so he chose to start with the development of industrial buildings.

At this time, Li Chaoren was still very conservative. Most of the funds for the construction of the building were his own funds; only a small part of the funds came from loans from relatives and friends.

Of course, the plastic flowers of Huanghe Industry are exported to foreign countries, which can provide a steady stream of profits.

PS: The fact is that in the original world, Li Chaoren's "Yangtze River Enterprises" had a revenue of 1957 million Hong Kong dollars and a profit of 1000 million Hong Kong dollars in 100 because of the production of plastic flowers (the profit of plastic flowers in Hong Kong Island is extremely low, and it will be even lower in the future. ); however, due to the appearance of Wu Guangyao, Zhou Zhiyuan was supported to develop plastic flowers ahead of time, and shared Li Chaoren's profits; so last year, the profit of Huanghe Industrial Co., Ltd. reached 60 Hong Kong dollars.

Including the profit in the first half of 1958, Li Chaoren used all his own funds this time, a total of 90 Hong Kong dollars, and borrowed some money from relatives and friends to build a commercial building.

"People abandon me and take it. This time I will definitely show my ambitions. No one can stop me!" Li Chaoren said to his cousin and lover, Ms. Zhuang.

"Brother Cheng, I believe in you! You have succeeded in plastic flowers, and my father's attitude towards you has improved a little. So, don't worry!" Ms. Zhuang said heartbroken to her cousin, who was 30 years old. , I made some small achievements. Although it was a bit late, I believed that my cousin would definitely become a rich man on Hong Kong Island.

"Cousin, plastic flowers are just my first step. I want to become a real estate 'big friend' on Hong Kong Island. At this time, the land price on Hong Kong Island is very cheap, so it is very suitable for bargain hunting."

Although Li Ka-shing was very cautious about real estate at this time (less loans), he was optimistic about the prospects of real estate on Hong Kong Island.

Li Zhaoji has long had the idea of ​​entering the real estate industry. How to develop real estate is compared with gold trading, exchange, and import and export trade; the former requires a large amount of capital for investment, unlike the latter, which can be as rich and thrifty as you like .

"Destination is everyone's longing, and having roof tiles to cover one's head is the wish of every household." This makes Li Zhaoji firmly believe that the real estate industry will make great achievements!
Central Harmony Restaurant
Li Zhaoji likes here on weekdays, having lunch and tea with a group of businessmen and experts, exchanging market information, researching investment opportunities, and discussing current affairs and politics.

Since he put the real estate business in his heart, he noticed that there are many like-minded people.

First of all, Feng Jingxi, who I have known for a long time, welcomes all new investment concepts, and is very excited as long as there is business to do.

Secondly, at the earliest time, Guo Desheng, the proprietor of the letter distribution company specializing in foreign miscellaneous goods in Macau, later established Hongchang Company on Hong Kong Island; while continuing to operate the foreign miscellaneous business, on the other hand, he also noticed the needs of people's livelihood driven by the population expansion of Hong Kong Island. And determined to concentrate on real estate development.

It is not only Lee Shau Kee, Fung King Hei and Guo Desheng who are talking more and more vigorously on the issue of Hong Kong's real estate development, but also Hu Zhaochi, Huang Shaoxuan and Qi Zonghuang.

Since the views are the same and the views are consistent, so we act on words;

Guo Desheng, Feng Jingxi, Li Zhaoji, plus Hu Zhaochi, Huang Shaoxuan, Qi Zonghuang, and their good friends Lu Xianzao and Guo Jintao, a total of eight people, decided to jointly operate the real estate company - Yongye Enterprise Company.

Although there are actually eight people, because the other five people have other businesses to do, only Li Zhaoji, Guo Desheng, and Feng Jingxi are actually running the business.

After the establishment of Yongye Company, the three of them made their first move and successfully won the Shatian Hotel, which made them famous in the industry.

If the Sha Tin Hotel had been stored before 1957, it would have been worth more than 500 million Hong Kong dollars; but in 1958, the price was only about 30% of the price.

Think about it, if it weren't for the sharp drop in real estate on Hong Kong Island in 1958, would the four major families of these later generations still have such smooth sailing?

Over the years that Zheng Yutong has been running the gold shop, the funds in his hands have reached millions of dollars; however, since Zheng Yutong developed the Lantang Villa in 1952 (a total of five villas), he has never dabbled in real estate again.

The time came to 1958, and land prices on Hong Kong Island were extremely cheap. Zheng Yutong, who was addicted to jewelry, could no longer hold back, and finally decided to go to the sea to try the depth.

At this time, Zheng Yutong has already begun to have the guts of a shark.

His idea is that when buying land, you need to buy prosperous land, and when building buildings, you need to build beautiful buildings.

The land outside the urban area is cheap and easy to obtain, but Zheng Yutong has his sights set on the downtown area of ​​the urban area.

In August 1958, Cheng Yu-tung bought the triangular area between Yee Wo Street, Paterson Street, and Great George Street, the most prosperous business district in Causeway Bay, and planned to build a luxurious Hong Kong Island building.

Zheng Yutong is naturally not worried about the problem of funds. With the golden rooster of Chow Tai Fook, it is very easy to get a loan by himself.

(End of this chapter)