1982 Started from Hong Kong

Chapter 355 Sharp Island

The Sino-British Joint Declaration had just been signed at that time.

Real estate developers in Hong Kong are particularly concerned about the word "property rights".

Industry leader Lei Zhendong was invited to go north to offer advice.

He first suggested that the mainland should start pre-selling property and common areas after opening up its economy, and for the first time proposed shortening the property rights period of leased land to 50 years.

When the news reached Hong Kong, it caused a stir among many local real estate businessmen.

As a result, they accelerated the pace of land acquisition, hoping to make a fortune before the transfer of power.

The most popular of course are the past indefinite and 999-year leasehold land properties, and then 75-year commercial land has also become a hot commodity, because it can be renewed once during the period of use. Swire Group directly strives to renew areas such as Pacific Place, Marriott Hotel and shopping malls in Admiralty until the 150-year period.

Ye Zhiming's Sharp Island is of this type.

"In recent years, apart from residential land, it is almost impossible for real estate developers to obtain unlimited or 999-year property rights. Unless they have a British background like Swire, they are the best choice! The land of Taikoo Dockyard is as large as ten Kowloon Walled City, and the lease can be extended to 2899 AD. It's outrageous!"

Ye Zhiming's eye-catching Rolls-Royce was docked at the Saigon Pier, and a speedboat had been waiting there for a long time.

We boarded the boat and sailed out to sea. The speedboat was riding the sea breeze and breaking the waves. Ye Zhiming stood on the bow and pointed out the situation: "But don't underestimate my Qiaozui Island Resort. In 81, I spent millions of dollars just to build this marine park. Later, my Colorful Group encountered a financial crisis. Chen Songqing and Qiu Degen wanted to take advantage of the situation and force me to sell. Ha! The two losers would never have thought that I, your father, would be able to revive with a gambling boat."

Zhai Yuan bit the wave of seawater that splashed on the corner of his mouth and laughed and joked: "A debt of 40 million is considered a small financial crisis?"

"Brother, you read a lot of news, right?" Ye Zhiming's eyes showed a hint of nostalgia, and then a smug smile appeared on his face again: "It was indeed a bit troublesome at the beginning, but things are different now."

In the mid-1970s, Ye Zhiming lost everything in the oil market and sold his ancestral property to establish the Colorful Group. In just a few years, Colorful quickly emerged as a rising star in the business world with comprehensive development in clothing, fashion, film, cinema, food... It was also at that time that he became famous as Diamond Ye with a net worth of one billion.

However, due to over-expansion, the potential crisis quickly erupted. First, the jeans sold to North America were owed tens of millions of dollars by foreigners. Then, the movies produced by Colorful Film Company were well-received but not popular, and its Lianhua Cinema Line fell into losses. The newly acquired Sharp Island required another huge investment from the land to the construction of the sea park. With these things piled up, Ye Zhiming's cash flow quickly broke down.

Later, Chen Songqing of the Carrian Group and Qiu Degen of the Far East Group set their eyes on this piece of fat meat and invested 40 million Hong Kong dollars in the Colorful Group. Ye Zhiming was really brave enough to take it, but 40 million Hong Kong dollars was still a drop in the bucket compared to his losses at that time. When Ye Zhiming was heavily in debt, Chen Songqing and Qiu Degen changed their previous philanthropist attitude and not only took away his clothing and fashion companies, but also wanted to swallow up the Sharp Island Sea Park in front of them.

In a parallel universe, Ye Zhiming had to sell his Sharp Island at a low price to pay off his debts. He also tried to make a comeback and moved to Panyu in Guangzhou, where he continued to run a resort and a record company. Unfortunately, it seemed that he had used up all his luck in the first half of his life, and the results were not satisfactory. The resort in Panyu was still losing money, and the most popular singers under his company were only a few such as Julian Cheung and Liang Yanling. Even his sister Ye Yuqing went to make a third-level movie to gain fame. Ye Zhiming became disheartened and became a monk.

Zhai Yuan narrowed his eyes and sighed: "Yes, things are different now."

"Don't be afraid of you laughing at me, A Yuan. At that time, I was so poor that I wanted to jump off the building. All my assets were only over 20 million."

Ye Zhiming sighed, "Fortunately, you came up with the Natural Selection. If you didn't want to show up on stage, I would have done it. At that time, I had only one thought in mind: as long as I could make money and start a comeback, I would be willing to sell shit!"

It can be seen that Ye Zhiming is now truly debt-free, and he is willing to take the initiative to mention the difficulties he faced in the past, which is not easy for someone like him who used to be a tycoon.

However, Zhai Yuan felt that even if he was willing to sell shit, even if he sold it until he was eighty years old, it would probably not be as good as the winnings or losses of a deck of cards in the gambling boat today.

"At the beginning of the year, Carlos Chan came to my house to pay New Year's greetings. I heard that your rice washing business is getting bigger and bigger now?"

"There are indeed a few big clients. The security company went to the Soviet Union to buy arms and got to know a few officials there who were ready to have sex. By the way, we did some ruble business and helped them solve their problems~"

"Sharp." Zhai Yuan praised. He said that even the rice washing in Hong Kong could be transferred to the Soviet Union. His professional skills were really strong.

"If you don't want to take the share of the rice washing, then I'll take this island as a dowry."

Sai Kung Pier is only 1 nautical mile away from Sharp Island Pier, and the speedboat can reach the shore in a few minutes.

Ye Zhiming put his arm around Zhai Yuan's shoulders and got off the boat together.

He pointed to the playground, barbecue stall, beach volleyball and other projects not far away.

He smiled and said, "I don't know what kind of theme park you're talking about, but my water park isn't bad at all~"

“Why are there no tourists?”

"Pick! Last month, a group of young men came up to have a BBQ during a thunderstorm, but they were struck by lightning and two parasols were broken. The Hong Kong government asked me to close the business for rectification. If I punish him, do I have to go to the God of Thunder to make peace?"

Zhai Yuan also felt that what he said was too ridiculous. He smiled and shook his head, then walked on the beach with Ye Zhiming and looked around.

Sharp Island is not large, with the entire island less than 200 hectares in total. There are only a few households on the island. Apart from the pier and the beach, other places are covered with dense and lush hills and forests, and the environment is quite primitive.

"The primeval forest environment is quite suitable for filming the dinosaur blockbuster. If we build a theme park later, the site seems a bit small."

Zhai Yuan stroked his chin in thought, then turned to ask Ye Zhiming: "We just passed by on the boat. Are there any other outlying islands nearby?"

"Nearby outlying islands?" Ye Zhiming thought for a moment and pointed to the islands that were exposed on the sea level in front of him. "The closest ones are the two islands in front, Pillow Island and White Sand Island. However, they cover a smaller area than Qiaozui Island. Together, they cover less than 50 hectares."

Zhai Yuan nodded: "How much is it to rent it all together?"

"There is not even a living person on the two islands. It would be enough if you could give them tens of millions of dollars. The Hong Kong government would like to thank you for providing them with financial revenue."

Ye Zhiming spoke loudly, then frowned and said, "Are you really planning to enter the real estate industry and engage in tourism development?"

"The competition in the city is fierce, so let's try it out in the outlying islands."

Zhai Yuan smiled slightly and looked towards the lush primeval forest on the island. The scene of dinosaurs galloping seemed to appear before his eyes.

As I said before, in the film industry, the real money-making lies in the IP-derived industries.

At present, Disney theme parks have sprung up everywhere, and its own movies are more like products for expanding the influence of IP. The copyright of any peripheral product far exceeds the box office of the movie.

Hong Kong movies are dominated by police and gangster films, but I don’t have the innate conditions for this.

Fortunately, Zhai Yuan has his own material library.

Therefore, the first step to enter the real estate industry is to start with the preparation of "Jurassic Park"!
(End of this chapter)