Crossing the Hong Kong River: Empire of Wealth

Chapter 668
This time, the Bryan government did not remain indifferent. After the major real estate companies paid the land purchase funds, they immediately announced that the Xiangjiang New Airport and the subway line construction project from the new Tianshui City to the new airport through Tsuen Wan were officially called for bidding.

The total investment of these two projects is nearly billion Hong Kong dollars, which has greatly stimulated Hong Kong's economy, and the stock market has also rebounded, especially building materials and construction companies.

Li Jianhui didn't care about the situation in the stock market at this time. With the senior officials of the Xinjian Department, he didn't need to worry about it.

The main problem now is the more than hectares of land in Repulse Bay. Because of its location, it seems a bit extravagant to grow vegetables.

Other plots can not be developed for the time being, because this land is located in the superior geographical location of Repulse Bay, it would be too wasteful not to develop it.

It's just that there is a lot of disagreement among the top management of Hutchison Land and even Whampoa Holdings as to whether it should be developed into a luxury villa area, an office building, or something else.

In the meeting room of Hutchison Building, Li Huidong, the president of Hutchison Properties, took the lead in saying: "Li Sheng, Ms. Chen, according to our group's high-level discussions, the Repulse Bay plot is not suitable for developing office buildings.

The main reason is that the main office area of ​​our Donghua Club will be on Donghua Road. Jingao Road is the key area for our later office development. It is mainly leased to multinational companies for office work, and Hong'ao Road is also used as a reserve.

Sun Hung Club is also accelerating the construction of Sham Shui Po Sun Hung Business District. It is expected that most of the headquarters of Sun Hung Club will be relocated to Sham Shui Po by the end of next year.

New Asia Club is also building the New Asia Business District in East Kowloon, where the main industrial headquarters of New Asia Club will be located in the future.

In recent years, a large number of corporate headquarters will move away from the Central and Western District, and a large number of office buildings will be vacant here.

If we develop the Repulse Bay land as a commercial office area, I am afraid that it will be vacant for a long time. If the price is not far below the market price, not many companies will come to rent it. After all, despite the location of Repulse Bay Not bad, but not as good as Central. "

Li Jianhui is naturally aware of the current situation. Because of his butterfly effect, the east and west districts are no longer sacred. At present, except for the main corporate headquarters of the Far East Association and Nanjiang Association, which are still in the east and west districts, the other parties have already chosen other regions.

In terms of housing, although Victoria Peak is still famous, King Wah Village built by Tung Wah Club, Sun Hung Garden in Tsuen Wan by Sun Hung Club, and Green Bamboo Garden in East Kowloon built by New Asia Club are all as prestigious as Victoria Peak.

It can be clearly said that the land of Repulse Bay is tasteless to Hutchison Land, and it is a pity to discard it.

Whether it is developing a business district or developing a luxury villa district, it is not a very good choice.

As for the development of a commercial district, it is also unfeasible. Whether it is Central or Wanchai, they have long been famous, and even building a Wheelock Square is not of much use.

This is not a few years ago. At that time, when it came to shopping malls, apart from Mong Kok in Central, it was Wan Chai.

Now when it comes to shopping malls, apart from these three places, Tianshui commercial district, Tseung Kwan O commercial district, and Sham Shui Po commercial district are no worse than these places.

Especially Tianshui new urban area, not only has Wheelock Square, but also Tangcheng, Jiayi animation theme amusement park is about to be put into use, and many universities are gathered, and the future popularity will definitely rank in the forefront of Xiangjiang.

It is not that no one has ever persuaded Li Jianhui that this land is not of much use to Hutchison Land, but considering the land restrictions for the next ten years and the intention to attack Nanjiang Club and Xinhong Club, it cost a lot of money to acquire this land. down.

Faced with the problem of how to develop this land, Li Jianhui also had to think about a plan.

First of all, the item of office building was directly crossed out, and Hutchison Land focused on the development of Jing'ao Road in this regard, making it, Donghua Road and Hong'ao Road together form another urban business district in Xiangjiang.

The luxury villa area was also abandoned by Li Jianhui. Although Repulse Bay has a good reputation, there is a considerable gap compared with Victoria Peak, Jinghua Village, Xinhong Garden, and Cuizhu Garden.

Even if Hutchison Real Estate builds it extremely luxuriously, the price cannot be compared with these areas. This is not because of its location and comfort, but mainly because of celebrities.

Not to mention Victoria Peak, it has been the residence of Xiangjiang politicians and rich people for more than a hundred years.

Jinghua Village has become the largest wealthy residential area in Xiangjiang due to the settlement of the Xiangjiang member families of the Donghua Association. Four of the top ten families in Xiangjiang live here. In this respect, even Victoria Peak cannot compare with it. .

Sun Hung Garden is similar to Green Bamboo Garden, with members of Sun Hung Club and New Asia Club settled in, which also has a huge driving effect on it.

Forget about business. Li Jianhui has no plan to build another Wheelock Plaza. Heung Kong has three in Tseung Kwan O, Tin Shui Wai, and Sham Shui Po.

Li Jianhui is also not interested in the tourism industry. In a place like Repulse Bay, building a tourism industry is a complete waste. You must know that every inch of land is worth more than Hong Kong dollars per square foot. Even if Li Jianhui has a lot of assets, he can't do it. to such a waste.

The rest is a commercial and residential complex, but if this aspect is developed and sold now, Hutchison Real Estate will undoubtedly lose money, and the land price is too high.

After thinking for a long time, Li Jianhui realized that there was really no way out. It is no wonder that Hutchison Land and even the senior management of Whampoa Holdings could not make up their minds and finally reported him here.

"The land is on hold first, and Hutchison Land is currently mainly completing the existing projects in Xiangjiang, and the focus is on the Japanese market.

I will discuss with the vegetable company to see what is suitable for planting on this land, and this land will not be developed in a short time. "

When Chen Huiya, Li Huidong and others heard this, they understood that Li Jianhui had no choice but to use the development land purchased at a cost of billion Hong Kong dollars to grow vegetables.

This is also because the Xinjian department has a lot of money, and Hutchison Land has raised funds before the stock market crash to dare to do this. I am afraid that people like Li Jianhui who are rich and self-willed are talking about people like Li Jianhui.

Snatching the land in Repulse Bay can be said to be detrimental to others and not beneficial to oneself. Nanjiang Club intends to build a wealthy residential area in Repulse Bay like Jinghua Village, Xinhong Garden, and Cuizhuyuan, just because they have not developed it themselves. Due to land use, it has been delayed.

The result is that Hutchison Land does not know how to develop the land, and Nanjiang will want to develop the land that is not there, and it is impossible for the two parties to cooperate on this because of the relationship.

Now that Li Jianhui has made a decision, Chen Huiya and Li Huidong didn't mention it any more, and it's best to put it on hold for now.

After a few years, the specific development direction of this land will be determined according to the market conditions. They believe that because of the -hectare limit, both the development land price and the property price will rise sharply in the future.

Especially when Donghuahui is not in a hurry to develop, the land won by 80 billion at that time will no longer be inflated, and may even make a lot of money.

(End of this chapter)