I want to be a giant of Hong Kong Island

Chapter 669 [The Receiver]

On December 12, the four banks on Hong Kong Island—China Everbright Bank, Hang Seng Bank, HSBC, and Standard Chartered Bank—announced at the same time that they would provide citizens with a 1-year self-housing loan plan.

At the same time, some social commentators also commented in the newspapers that self-housing is obviously suitable for buying now. Anyway, the vast majority of people have no conditions to leave Xiangjiang.

After a series of measures, Hong Kong's stock market and property market have stabilized and even rebounded;
Of course, these measures can only be said to play a stabilizing role, not a cure for the symptoms.

Cheung Kong Building
Chen Zengxi from Hang Lung Real Estate and Zheng Yutong from New World Real Estate jointly visited Wu Guangyao.

Wu Guangyao didn't need to guess to understand why the two of them came here!
Sure enough, after some greetings, Zheng Yutong took the initiative to say: "Guangyao, there are still 15 days left for the land price compensation period of the Jinzhong Section [-] project, and all the banks have rejected our loans, so we want to ask you what you mean, after all You are also a shareholder!"

Although Wu Guangyao is also a shareholder of this project, his shares are only 5%, and he has not participated in the management of this project at all.

Chen Zengxi was silent at the side, he kept a low profile;

In comparison, Zheng Yutong, who is not very clever, is a bit stronger than Chen Shi;
In fact, of the four major families on Hong Kong Island, apart from Li Chaoren who can speak well, the other three are relatively taciturn;

When holding some gatherings, the three of them listened from the sidelines and occasionally expressed some good opinions of their own.

Wu Guangyao said bluntly: "The major banks should have rejected you!"

The faces of the two blushed, and the major banks more than rejected them;
There are also several bank managers who even find it funny that the two are still obsessed with property development, so naturally they will not fulfill their "naive plan".

After acquiescing, Zheng Yutong said: "Aren't you very optimistic about the development of real estate?"

Wu Guangyao smiled and said:

"It depends on how you understand it. I'm talking about being optimistic about Hong Kong's long-term development.

I believe you have also privately discussed 'What will be the outcome of the Sino-British negotiations? ''How long will the real estate downturn last? ';
Because everyone is operating in partnership, it is only suitable for development properties, not rental properties;

Then after the building is completed, the real estate business is unlikely to be prosperous, and the sales of the property must not be ideal;
In this way, it will cause huge losses to the entire consortium. "

When the two heard it, they immediately felt that Wu Guangyao had a clever plan, and he clearly understood the things they had discussed.

Zheng Yutong said disappointedly: "But we have already paid 4 million Hong Kong dollars for the contract, if we give up, we will lose 4 million Hong Kong dollars in vain!"

Chen Zengxi seemed to have thought about it for a long time, and said with determination: "A loss of [-] million is better than a loss of one billion Hong Kong dollars!"

Seeing what Chen Zengxi said, Zheng Yutong wished to slap him;

Isn’t it just to not lose money by taking a low face and begging Wu Guangyao today (Hang Seng and Everbright have already rejected the loan)?
Zheng Yutong knows that others may not be able to wait for real estate to turn prosperous, but the person in front of him will definitely be able to, because he has infinite wealth;
So when I came to Wu Guangyao today, the best hope is that Wu Guangyao promised to give the consortium a loan. No matter how bad it is, I hope that Wu Guangyao will continue the whole project so that everyone will not lose the contract of 4 million Hong Kong dollars.

Wu Guangyao said with a smile: "Then it won't lose 4 million Hong Kong dollars in bookings!"

As soon as the words fell, the two of them really showed joy on their faces!
Wu Guangyao went on to say: "Two options: first, if everyone is really optimistic about this investment, they can pump water in the stock market and obtain a syndicated loan from a number of banks. There is no problem with the land payment."

Although raising funds when the stock market is at a low tide, the valuation determined is unfavorable to major shareholders, but after the real estate boom, everything can be compensated;

When Wu Guangyao mentioned this plan, he was also trying to test the optimism of this group of people about the future situation;
If they are optimistic about the future real estate situation, then they don't have to grab their projects.

After listening, Chen Zengxi asked without hesitation: "What about the second plan?"

Wu Guangyao said: "Since everyone does not have the strength to wait for the dawn, I will take this project privately. I believe everyone knows that my attitude towards high-quality properties has always been for the purpose of collecting rent. If everyone is willing to use rent collection to develop this project , then I will take the lead, and you can be shareholders!"

The two were overjoyed, waiting for this sentence!

However, the two are also very interesting, because Wu Guangyao does not need to share the rental property with everyone.

Zheng Yutong quickly said: "You do it! We quit this project!"

Wu Guangyao looked at Chen Zengxi, and Chen Zengxi nodded happily;

You must know that they are Wu Guangyao who came here at the end of the road. If Wu Guangyao has nothing to do here, then everyone will only lose 4 million Hong Kong dollars in the contract;

Now that Wu Guangyao started this project, based on Hang Lung Properties’ 37.5% shareholding, Hang Lung Properties alone has “earned” HK$1.5 million;
Wouldn't it be better to use the 1.5 million Hong Kong dollars to buy bottoms or deal with the bank's debt collection!
Seeing that both of them agreed unconditionally, Wu Guangyao also said generously: "The total is 4 million Hong Kong dollars, and I should pay you 95%; but you are busy, I will not treat you badly, and I will pay you in total How about 4.5 million Hong Kong dollars in compensation?"

Zheng Yutong quickly said: "It is enough to give us 4 million Hong Kong dollars! After all, you have taken a lot of risks!"

Wu Guangyao said with a smile: "I don't think I'm taking risks. Sooner or later, Hong Kong's real estate industry will become more prosperous. I never consider the income within ten years. So, 4.5 million Hong Kong dollars is decided like this!"

When the two heard it, it was true!
If the interests within ten years are considered, the Wu family will not spend HK$57 billion to buy the land king in Central.

Although everyone is envious of this investment method of collecting rent for the future, it is actually impossible;
On Hong Kong Island, Chinese-funded real estate developers pay attention to "the goods are in rotation", which means that the houses must be sold quickly, even if a few sites suffer losses, the important thing is to withdraw funds and re-develop the next property.

Hong Kong Government Works Bureau
Wu Guangyao brought his son Wu Xianshuo to negotiate, intending to see if he can talk about the land compensation fee for the second section of Admiralty!
The person in charge of the Public Works Bureau is a British guy. After all, this is the core department of the Hong Kong government, and the chances of a Chinese being in charge are very small.

"Mr. Henry, can the land subsidy fees for the second section of Admiralty be more favorable? You also know that the real estate situation on Hong Kong Island, if there is no good news to stimulate the market, I believe that the biggest loss should be the Hong Kong government's finances. "

"Mr. Wu hasn't been to the Public Works Bureau for a long time. I didn't expect that he would come to the Public Works Bureau this time for a land compensation fee."

Henry kindly made a joke, the Public Works Bureau would definitely not agree to the price of the second section of Admiralty;

But for this person to come, the Hong Kong government will more or less give face!
Most of these Hong Kong government officials are clients of Everbright Securities, and Everbright Securities has made a lot of money for them;

Finally, in the Legislative Yuan and the Executive Yuan, most of the legislators even took temporary posts in the companies under Wu Guangyao and enjoyed generous fees.

Wu Guangyao said with a smile: "This is not a matter of land subsidy fees, but the current real estate situation in Hong Kong. It is not appropriate to use last year's prices to measure land subsidy fees. The market needs some good news to stimulate, so as to stabilize the decline of real estate. trend, and the Hong Kong government’s fiscal deficit can also avoid too large a deficit.”

You don't need to investigate to know that the Hong Kong government's fiscal deficit is about to run into a deficit, because in 1981, real estate revenue accounted for 35% of the Hong Kong government's fiscal revenue.

Henry thought for a while after hearing this, and said with determination: "Then how much do you think is appropriate?"

Wu Guangyao said: "This time I came to the Public Works Bureau to pay the land compensation fee for two pieces of land. I hope the Hong Kong government can give some discounts!"

Henry immediately reacted and said, "Whampoa Dockyard?"

Before the real estate crisis, Hutchison Whampoa negotiated with the Public Works Bureau many times about the land premium for the Whampoa Dockyard;
Of course, it is not ideal. The Hong Kong government is only willing to agree to 23 billion Hong Kong dollars. This is Wu Guangyao's face.

This is obviously too high!

In his previous life, Li Chaoren took advantage of the sharp drop in real estate, but talked about a land subsidy fee of 4 million Hong Kong dollars, plus a road fee of 2 million Hong Kong dollars.

Wu Guangyao nodded and said, "Yes! I hope that the land compensation fee for Admiralty Section 14 will be 8 billion Hong Kong dollars, and that of Hutchison Whampoa will be [-] million Hong Kong dollars!"

When Henry heard this, he refused without hesitation: "Impossible, this is ridiculously cheap! The land repair fee for the second section of Admiralty is 15 billion Hong Kong dollars, I can promise you! As for the land repair fee of Huangpu Dockyard, it is at least 18 billion Hong Kong dollars. This is a concession made by the Hong Kong government to stabilize the city."

Wu Guangyao saw that he had achieved his goal of making a fool of himself, so he immediately said: "With the high land subsidy fee of 18 billion Hong Kong dollars in Huangpu Dock, coupled with the current downturn in residential buildings, I am afraid that I cannot ignore the interests of shareholders, so I plan not to develop it for the time being. That’s right. Let’s make up the 14 billion Hong Kong dollars for the second section of Admiralty first!”

Henry stared at his pocket, this is changing too fast!

In the end, Wu Guangyao achieved the goal of going to the Public Works Bureau this time, which is to reduce the land subsidy fee for the second section of Admiralty to 14 billion Hong Kong dollars;
As for Hutchison Whampoa, Wu Guangyao never considered negotiating the land subsidy fee at all;
Because even if there is a large-scale support from the Wu family, the unfavorable impact of the Sino-British negotiations will actually exist for two years;
In the past two years, Hong Kong real estate is destined to be in a state of "sluggishness and stagnation". It is already very good if there is no sharp drop.

So, let’s talk about it later!
(End of this chapter)