Hong Kong 1980: The Savage Era

Chapter 404 405 [Over a Billion Dollars]

"How's the Entertainment Building doing? Most of the tenants have moved out, right?" Luo Qihong stamped the document.

The Entertainment Building covers an area of ​​only 5800 square feet, which can be said to be a small building, but after being rebuilt by Liu Luanxiong in the previous life, it has 32 floors and a property area of ​​up to 17 square feet.

At its peak in 96, it was sold to Hysan Property for HK$36 billion, a transaction that was much talked about by peers.

This was undoubtedly a huge profit.

Later, Hysan Development Company resold the building for HK$2005 billion in 27, with a loss of HK$9 million. However, it also made a lot of money from rental income in the past ten years. In fact, the loss was not as big as it seemed on the surface, and it even made a profit.

After all, in the past ten years, the rent in Central has risen by more than a few price points.

The person who took over was the fourth wife of King D. A few years later, the valuation reached 70 billion yuan, making it the most valuable property under the fourth wife.

The value of this building lies in its location - where the banking and retail areas of Central are concentrated. It can be said that this is the core of the core of Central.

"All the tenants have moved out, and Baohua Construction Company has also moved in. According to Baohua Construction's plan, the building will have a floor area of ​​17 square feet and can be completed around New Year's Day 90," Su Qishan reported.

Luo Qihong thought for a moment and suddenly considered whether to privatize Baohua Construction Company. The crisis in 89 was a good time node and it could be done at a very low cost.

"The construction cost of the Entertainment Building is about 5 million yuan, mainly because the commercial building next to it is too narrow, and the construction is more difficult than that of ordinary commercial buildings." Su Qishan explained.

The new entertainment complex has fashionable shops, western restaurants and Chinese restaurants on the ground floor, and office buildings on the upper floors. It looks like a mirage, a castle with corner towers, and is a classical-style skyscraper.

According to the current rental price in Central, the Entertainment Building's rent is HK$42 per square foot, which means the annual rent is HK$8500 million and the net profit is HK$6000 million, which can be recovered within ten years.

Based on the land price in the entertainment industry, this building could be sold for 10 billion yuan.

In recent years, the core land prices in Central have skyrocketed like a helicopter, increasing by more than 3 times.

The Financial Plaza owned by Dehe Real Estate Company is even more valuable. It has now risen to 40 billion yuan, with each building worth 18 billion yuan (there is also a four-story podium building as a shopping mall).
At this time, the asset value of Dehe Real Estate Company had exceeded 200 billion yuan, including China Entertainment Properties Company, Dehe Plaza, Financial Plaza, New Sun Plaza, 50% equity in China Hong Kong City, and Federal Real Estate Company.

Furama Hotel Deluxe Room

Wu Guofang, her daughter and her two daughters were sitting together with Luo Qihong, and the waiter was pouring wine and serving them food.

"Mr. Luo, I heard that this hotel is yours?" The ordinary-looking sister Li Jiaming looked around, unable to hide a hint of greed on her face.

Luo Qihong shook out his napkin and smiled, "It's not mine, it's from my company, to be more precise, it's owned by Zhaoan Real Estate Company, but I also have a hotel under my personal name that's better than the Furama Hotel."

"Brother Hong, I heard that you are going to acquire a large hotel group. Doesn't that mean the Peninsula Hotel and Kowloon Hotel will also be yours?" Li Jiaxin asked in a more reserved manner.

It can be seen that Wu Guofang's educational cost for Li Jiaxin is greater. As for Li Jiaming, he is just a decoration. However, Li Jiaming doesn't seem to care about this. It can be said that he has accepted it.

"Jia Xin, don't talk nonsense. I'm just a major shareholder of the Grand Hotel Group. At least on the surface, the Grand Hotel Group belongs to the Kadoorie family. It's hard to say what will happen in the future." Of course Luo Qihong had to pretend in front of these three mother and daughter, otherwise how could he hold them tightly.

"Mr. Luo asked us out for dinner, your wife won't be jealous, right?" Wu Guofang couldn't help but ask a personal question.

She cultivated Li Jiaxin so carefully just so that Li Jiaxin could bring them, mother and daughter, to wealth and glory in the future. What Wu Guofang wanted most was to make Li Jiaxin a real wealthy wife.

It's a pity that she couldn't cultivate Li Jiaxin's ability to secure her position, she just had peerless beauty.

Luo Qihong smiled and said, "I am jealous for sure, but I still have the right to treat three beauties to a meal."

Li Jiaming was of course very happy to hear someone praising her as a beauty, and the other person was one of the richest people in Hong Kong.

Wu Guofang was not so happy immediately. She guessed from Luo Qihong's conversation that Mrs. Luo's position was very stable and her daughter was unlikely to intervene. And according to her understanding, Bai Jinyan was very capable and controlled Dean Securities Investment Company with a market value of over 10 billion Hong Kong dollars.

Rich people will not lose the big picture for the sake of small gains. How can they easily give up assets worth tens of billions?

But Luo Qihong was so rich that any little money left between his fingers would be enough for her and her daughter to live on for a lifetime, so she was reluctant to give it up.

"Aunt Wu, Jiaxin and Jiaming can come to the Furama Hotel often if they like. Just put the bill with me." Luo Qihong said lightly.

When fishing, you need to give some bait, but not too much for now.

After dinner, Luo Qihong sent Wu Guofang, her mother and daughter back home.

They lived in an old building, which made Luo Qihong feel very uncomfortable. It might be that he was used to going in and out of high-rise buildings and forgot the days when he lived in Kowloon Bay.

Wu Guofang said awkwardly, "We just came to Hong Kong and are staying here temporarily. We will move out soon."

Luo Qihong nodded and said, "I also lived in the old building a few years ago. Where is Aunt Wu going to move to?"

"I happen to have a vacant high-end residential apartment in the Mid-Levels area. If you don't mind, you can live there first."

Wu Guofang certainly knew that it was not easy to accept things from rich people, and that there would be a price to pay for accepting them, but she had not thought about it for Li Jiaxin yet.

Who knew that Li Jiaming quickly took the key and smiled happily, "Thank you, Mr. Luo! We will move in in two days."

"If you move, please let me know and I'll send someone to take you there. The security personnel at the luxury residential area don't know you yet." After saying this, Luo Qihong waved and left.

After the convoy left, Wu Guofang's face turned cold and he said, "Jiaming, you shouldn't have taken Luo Sheng's keys."

"Mommy. I..." Li Jiaming was startled.

Li Jiaxin somewhat understood what Wu Guofang meant, but she still helped her sister and said, "Mommy, it's okay, just take it. If there is any problem, I will return it to Brother Hong later."

Back at the residence, Wu Guofang sat down and sighed, "Mr. Luo has a wife. It seems that he has never thought about divorce. There are so many wealthy people in Hong Kong. There is no need to be a mistress."

"Mommy, I just heard from the staff of Furama Hotel that Luo Sheng has a lover named Guan Jiahui, who gave birth to a son for him. Now she owns a real estate company and is worth over 1 billion. Ordinary rich people cannot give her so many things." Li Jiaming said weakly.

Of course, this was something that Luo Qihong arranged for someone to tell her specifically.

"More than a billion? Did you hear that correctly?" Wu Guofang calmed down, "Who knows if this is true or not?"

"Gossip magazines in the past few years have all written about that woman. She seemed to be Luo Sheng's first girlfriend, but later her position was taken by Bai Jinyan." Li Jiaming told all the news he had heard.

A fortune of more than one billion is the wealth of Hong Kong's top tycoons.

Wu Guofang suddenly felt that being a mistress was okay, as being the wife of a wealthy man did not have that much wealth.

"Jiaxin, what do you think?"

Li Jiaxin was silent for a moment, then said, "Brother Hong is handsome and rich, but he got married too early."

"It's okay. Let's move into the luxury house in the Mid-Levels first and talk about the other things later. Luo Qihong is rich and he shouldn't be stingy anyway." Wu Guofang said with some anticipation.

(End of this chapter)