I want to be a giant of Hong Kong Island

Chapter 407 [Inventory [-]]

Changjiang Building, the meeting room on the top floor, where senior executives from the Changjiang Department gathered.

The Yangtze River system is very large, and there are more than 50 small companies, such as concrete companies (cement), earthwork companies, garden companies, material equipment companies, sales companies, property companies, etc.;

Of course, the heads of these small companies are naturally not senior executives!

There are no more than a dozen real executives, all of whom are in charge of relatively important positions or large companies.

"Let's get started, Xiu Yanbing comes first!"

Hearing Wu Guangyao's words, Xiu Yanbing said confidently:
"Currently, Cheung Kong owns properties with an area of ​​up to 400 million square feet, including 251 million square feet of commercial buildings in the Yangtze River Center, 100 million square feet of two central buildings, and 50 square feet of three industrial buildings; the annual rent of these properties can reach More than 4000 million Hong Kong dollars."

"Currently invested projects include: Changhe Center Commercial Building in Singapore, and four 45-storey commercial buildings in Central."

"In terms of funds: the Changhe Center commercial complex is expected to invest 2.5 million Hong Kong dollars (excluding the hotel part), and the four central commercial buildings are expected to invest 2.5 million Hong Kong dollars. A total of 5000 million development funds are needed."

"In the past two years, our rental profit has been 6000 million Hong Kong dollars. We originally owned 2.2 million Hong Kong dollars, and we have a total of 2.8 million Hong Kong dollars."

"Everbright Bank agreed to loan 1 million Hong Kong dollars, and Singapore agreed to loan 5000 million Hong Kong dollars."

"The remaining funding gap can be paid out of the rent for the past few years."

"So, the company is in good financial shape!"

Wu Guangyao nodded, Xiu Yanbing simply analyzed the financial situation, and what he said was very pertinent.

What is the concept of a property of 400 million square feet? I can’t describe it specifically, because these properties are expensive office buildings and shopping malls, and industrial buildings only account for 12.5%;

In 1975, Li Ka-shing’s Cheung Kong Industries owned 500 million square feet of property, but a large part of it was industrial buildings or commercial buildings with low rents, and the rent was only 5000 million Hong Kong dollars that year.

Therefore, the strength of Changjiang Industrial at this time should be the strength of Li Chaoren in his previous life in the late 70s, and may even be the strength of the early 80s.

Once Singapore's Changhe Commercial Center and the four commercial buildings in Central are completed, Cheung Kong's strength will double.

Judging from the data mentioned by Xiu Yanbing, Cheung Kong may not have much funds to use in future bottom-hunting operations;
After all, investing in two super projects at one time is a bit big, and it's a mess.

Because there is Wu Guangyao, the richest man in the world, the management of Cheung Kong Industrial will never worry about the problem of breaking the capital chain, but Wu Guangyao can't lend you money to buy the bottom!
Changjiang Properties is not owned by Wu Guangyao alone. Only Cheung Kong Real Estate is Wu Guangyao's exclusive real estate company.

Therefore, to buy the bottom, you have to go through Cheung Kong Real Estate. Wu Guangyao plans to prepare 5 million Hong Kong dollars for the bottom-hunting real estate!

Wu Guangyao is not worried at all about the reaction of the 5 million Hong Kong dollars entering the real estate market;
That's impossible. In that terrible environment, too many rich people on Hong Kong Island want to take cash and go abroad as second-class citizens.

According to the information that Wu Guangyao knows, the house price will drop by 30 Hong Kong dollars to 40 Hong Kong dollars per square foot, a drop of about 70%;

The current housing prices are: around 55 Hong Kong dollars on this island, and around 53 Hong Kong dollars on the Kowloon side.

If someone buys a suite at some point, it only costs HK$20 per square foot;

But in 1980, the house price rose to 1300 Hong Kong dollars to 1500 Hong Kong dollars, an increase of about 70 times.

Wu Guangyao said: "How is the progress of Changhe Commercial Center in Singapore? Have you encountered any difficulties?"

Shi Jun quickly said: "It's progressing smoothly, the foundation work is progressing steadily, and there are no difficulties! However, the Singaporean officials are eager to produce results, and have been urging us to hurry up the construction period, and have cleared all obstacles for us. They are very enthusiastic."

Wu Guangyao said seriously: "Don't pay attention to them, they should be enthusiastic, but we have to work slowly and meticulously! Completion in five years is completion in five years. This is also a development strategy. If it is completed too early, the business environment in Singapore will not be able to keep up with it." what to do?"

The construction period of the commercial center complex is five years, and the construction period of the hotel is divided into four phases. The first three phases each have a high-rise hotel, and the latter phase is a villa group hotel.

These are all the schedules set by Wu Guangyao after analyzing the time of Singapore's rise. How could it be possible to change them for the rejoicing of Singaporean officials?

Shi Jun said: "Well, I have repeatedly emphasized to them that our expected opening in the second half of 1970 is the result of comprehensive consideration; it is absolutely impossible to rush work indiscriminately for other reasons and cause unnecessary losses."

Then Li Xing and Chen Cheng made reports one after another, and everyone in the meeting room was in high spirits.

In particular, Hong Kong Island First Construction has an annual profit of 1300 million Hong Kong dollars, and its market value has reached 2.5 million Hong Kong dollars, which makes everyone feel embarrassed;
Chen Cheng explained: "This is due to the accumulated engineering experience and popularity of Hong Kong Island One Construction over the years. Although we generally control the cost profit of the Yangtze River System at about 8%; but we have undertaken many projects from other companies over the years. There are also several successful bids for projects outside of Hong Kong Island every year, and the profits of these projects can reach about 12% to 15%. I believe that the first construction of Hong Kong Island has just begun.”

Upon hearing this, Wu Guangyao applauded for Chen Cheng's report, and then everyone gave their own applause one after another.

In the future, Hong Kong Island First Construction may become the existence of the Samsung building in the previous life!
As for the situation of Wu Guangyao's Changshi Real Estate, there is naturally no need to report, because it is the private property of the Wu family.

The situation of Cheung Kong Real Estate is as follows:

[-]. Five old-fashioned commercial buildings located in the central business district, which can be demolished to build five new commercial buildings in the future.

46. Universal Building, a [-]-story landmark commercial building in the central district, the tallest building in Asia, is world-renowned and priceless.

28. Cheung Kong Building, a [-]-story top-notch building on Hong Kong Island, is located on the bustling Queen's Road.

The 20 square meters of commercial land of Cheung Kong Real Estate has been sold to Cheung Kong, and more than 5000 million Hong Kong dollars have been cashed out, which has entered Wu Guangyao's personal pocket.

Baiyou Group
Mark's status in the group has risen, and he has become second only to Fu Hongru, the president of the group. He has also served as a vice president of the group, and Gein Baiyou Group's retail business has begun to exert its strength.

With confidence and a smile on his face, Mark reported to everyone: "Currently, we have 120 convenience stores in the metropolitan area, and even Crawford's stores in Tokyo, Osaka, and Nagoya are also open."

Wu Guangyao was very satisfied with the progress, and said, "How is the business situation? Tell everyone more specific."

Mark said seriously: "People in EGL like the retail model of convenience stores very much, especially the young people in EGL are our main source of customers. I also found that the management of EGL is very good at paying attention to details."

Mark said a lot, and it can be seen that this time he entered the retail industry in Japan, not only gained a lot, but also learned a lot.

After Mark's report, the heads of companies such as the Uniqlo factory, the Uniqlo chain clothing brand, Armani, and Valentino followed.

The UNIQLO factory, taking advantage of the development period of Hong Kong Island's garment industry, has also grown to a certain extent;

The development of the three clothing brands is also remarkable, but they have not yet exploded and are very regional;
Wu Guangyao's requirement for these clothing brands is to develop steadily and wait for the opportunity to explode.

(End of this chapter)