My Lord, you need to stand up!

Chapter 881 You get what you pay for, and excessive flattery is never a good thing.

Because it was in Cantonese, his wife quickly translated it, and Wei Dong didn't peek over to thank her.

Just like the comfortable "uh-huh" sound after using a suppository:

"That's the idea. It's something that most people would never see made public like this in their entire lives. I hope that through these things, we can connect the TV station with all the citizens of Hong Kong. It may cause some congestion in the short term, but we'll resolve it immediately."

Many city dwellers look down on country bumpkins, mainly because they speak loudly, disrupt daily order, and lack a sense of boundaries.

Wei Dong felt that he could understand.

Unexpectedly, the female director still insisted on moving out: "Otherwise, we will not approve it after this frequency band expires."

Qin Yuye's initial sense of relief froze.

Furthermore, this frequency band contract is renewed every ten years, and I still have five or six years left on this one.

Buying it for 200 million, investing such a huge amount, and then losing the license after a few years? Isn't that a huge loss?
Wei Dong remained calm and unhurried: "What's the reason? Just because we're encroaching on the road for business? Then we'll sue?"

Women can be really good at arguing: "I have reason to suspect that you are trying to exert ideological influence!"

Wei Dong laughed heartily: "Benefiting the people is the key. Fine, I won't move, and I won't change my determination to benefit the people of Hong Kong. When the time comes, we'll go to court and reason things out. I still believe that Hong Kong is a place where reason prevails. And ten years from now, let's see how this matter will be written in history."

The other party probably didn't immediately connect the dots to what ten years would be like: "What if I allocate another piece of land to you?"

Wei Dong was stunned. Are you really that determined to drive ATV away?

"Allocation? Do you need money? Where is it located?"

The female director's tone wasn't actually harsh: "In the New Territories, specifically Sha Tin, if you move all your television stations there, I can give you two additional channels for free, and the land price will be the lowest it's ever been, HK$200 per square foot. Is a 50,000 square foot plot enough?"

Sha Tin?
Wei Dong is practically a Hong Konger now, even though that's the countryside.

To be precise, the land in Hong Kong consists of three parts: Hong Kong Island, Yau Tsim Mong in Kowloon, and the New Territories.

Hong Kong Island goes without saying. Kowloon's Yau Tsim Mong district is separated from Hong Kong Island by Victoria Harbour. The remaining 90% of Hong Kong's area is collectively known as the New Territories.

It is said that when the lease was signed, Hong Kong Island and Kowloon were initially leased in a tiny area of ​​the port area. Later, the majority of the existing Hong Kong area was leased, along with more than two hundred islands of various sizes, hence the name "new concession area".

Yuen Long, Tuen Mun, Sai Kung, and other remote and peripheral areas all belong to the New Territories.

Don't say that basketball players look down on country bumpkins; even gangsters mock all sorts of bumpkins from Tuen Mun, Yuen Long, and Sai Kung.

Ho Sha Man is the epitome of Yuen Long refugee style. He now has over a thousand men under his command, yet he still dresses poorly, haha.

“We do want to expand the area... but not to go to the countryside. We are not like TVB, which sets up film studios and needs to build a lot of outdoor locations. We need a standard broadcasting building. I would like to expand the current building and make it taller.”

To everyone's surprise, Qin Yuye was already so excited he was almost out of control: "200 Hong Kong dollars?!"

Turning to Wei Dong, she gestured: "It's very cheap, very cheap! Residential land prices are around two thousand, commercial center land prices are three or four thousand, and even the cheapest industrial land is four or five hundred. Even in a remote part of Sha Tin, the price won't be lower than this!"

She has been working on the application process for converting dock land into commercial land, even though the land belongs to the Heinz Group, she still has to pay for the change.

So you could call yourself an expert.

The Wutaishan area is a high-end location for the broadcasting and film industry, where residential land prices are already around 4,000 yuan per square meter. How can this suburb only cost 200 yuan per square meter?!

Wei Dong frowned and did the math: "Fifty thousand square feet? That's five thousand square meters... roughly the size of a football field. Ten million Hong Kong dollars? Can I have ten times that?"

The land allocated to him by Jiangzhou Economic Development Zone for building his factory was 100,000 square meters!

It's free!

Of course, this also means that if the policy changes, the land can be taken back at any time.

This made Wei Dong realize that such a thing would basically not happen unless he courted disaster, which is why he dared to take over the construction of the factory and public areas, which are now worth about 200 to 300 million yuan, and the high-rise residential campus, which is worth more than 100 million yuan.

But since HK paid for it, the land now belongs to an individual!
Even if there are changes in the nature of the land and additional fees are required, this is a perpetual land right!
Since it's cheap, let's buy more. Qin Yuye quickly stopped the man who wanted to become a landlord: "It's not calculated like that. The Hong Kong land purchase calculation method is based on what you're going to do with it, and there's a coefficient. You're not going to buy it to build a one-story house, are you? Residential land is multiplied by 5, industrial land by 3, and commercial land by 8. Sister Anlin, what kind of land is this?"

The female director wasn't buying her intimacy: "This land is allocated for special facilities with television program production, broadcasting, and technical operations as its core functions. It's a 2x5 multiplier and cannot be used for other commercial purposes."

Qin Yuye was overjoyed: "Multiply by several means that the building area can only be several times the land area. The land price is calculated based on this. For special-use land, it means that the price can be doubled and the building area can be built at five times the land area. That's great!"

A plot of land of 5,000 square meters can be used to build a building of 25,000 square meters, but the land price is HK$20 million. That means the land price per square foot is only HK$80!

The price per square foot in Sha Tin is already between HK$800 and HK$1,000. Although it can't compare to the thousands or tens of thousands of dollars on Hong Kong Island, it's already considered very cheap.

However, the residential land price accounts for four or five hundred Hong Kong dollars. In short, the bulk of Hong Kong's high housing prices comes from land prices.

The cost of construction itself does not vary as much as housing prices in Hong Kong or Shenzhen. Even though the mainland has extremely low labor costs, Hong Kong can make up for it with new technologies and equipment.

Wei Dong already sensed something was wrong, so he deliberately pushed his luck further: "Twenty million Hong Kong dollars! Didn't I say I'd add ten times the land area?"

Sure enough, the female director finally couldn't hold back. Before Qin Yuye could even translate, she responded in standard Mandarin with a slight accent: "Don't be greedy! Double the amount at most, no more!"

Wei Dong's mind was racing. Why was this such a good thing happening? "What should we do with our original building?"

The female director said helplessly, "As long as you move all the TV stations out, it's your business to change the land use to other purposes, but it must not be used for illegal activities."

After saying that, he added bait: "Building high-end residences here is very expensive, with prices of five or six thousand Hong Kong dollars. Many real estate developers want to use the land here to build high-rise luxury homes. You can make a fortune."

It can be said that the most valuable part of the 200 million yuan that Weidong spent to buy Asia Satellite Television was this piece of land.

However, the land was originally acquired from the Broadcasting Department for special facilities purposes. If the Broadcasting Department does not support changing the land use designation, it cannot be traded on the market and appreciate in value.

This alone will allow Wei Dong to earn hundreds of millions!

So he narrowed his eyes instead: "Respected Director Tang, Uncle De has been running the satellite TV station for several years now, why hasn't the broadcasting department given him more freedom?"

The director chuckled sarcastically: "He's just a businessman. Has ATV changed in the past few years? Does it have a future? I don't deny that this deal was sudden, but what's even more sudden is that you brought these changes. Let me be frank, Asia TV can't stay here because there are a lot of uncertainties that could lead to trouble."

This made Wei Dong's eyelids twitch.

In the 1960s and 70s, when those small Asian, African and Latin American countries were trying to establish a government, their first priority was to seize control of radio and television stations.

Therefore, the HK Radio headquarters building is surrounded by two layers of walls, just like a military camp, with exaggerated sharp steel spikes and barbed wire on top!
Wei Dong looked at the other person and asked, "So, do you think this change is good or bad?"

The female section chief beat around the bush: "I don't know if it's good or not, but I really enjoy watching it, and my family likes it too. But I also know that you must have some ulterior motive behind this, right?"

Let Wei Dong think about it and admit: "No matter how I explain that this has nothing to do with the mainland, you will definitely have prejudices. I do have the first advertising company in the mainland to broadcast commercials on TVB. I still hold 75-second commercial slots in two prime time slots on TVB. But I never get involved in politics, and I have never thought about spreading politics in Hong Kong. What I want is to make young people in Hong Kong fall in love with basketball, music, variety shows, international information and advanced technology, so that they can live better and happier lives. Even more profoundly, it can reduce gangsters and increase social stability. That is my purpose in taking over the TV station. Of course, I can also make some money on the side. It would be even better if I could become a social celebrity. We make big money at Citibank and small money in the mainland. It's okay if we don't make money in Hong Kong."

The female director was casually writing something down, while the secretary, who was obviously supposed to be taking notes, quietly pulled Qin Yuye aside and asked what she was saying. What kind of secretary doesn't understand Mandarin?

The female section chief, looking up, demanded a result: "To move or not?"

Wei Dong smiled and said, "I said, it's okay if we don't make money in Hong Kong, so I don't care about clearing this place out to build high-end residences. The main problem is that Sha Tin is too far away. Can't you give us the authority to demolish and rebuild this building to make it taller, and guarantee that the purpose will not be changed?"

The land still occupies more than 5 square meters. In Kowloon, where land is extremely valuable, the land alone is worth 3 million. If you can get a permit to build a high-rise building five times that and a low-density luxury residential building three times that, the land price will be three to five hundred million, not to mention the selling price.

The female director shook her head firmly: "No building in this area is more than ten stories high. It's strictly controlled and not allowed to exceed that... Didn't you develop real estate in Clear Water Bay? That's much farther than Sha Tin. Even TVB can move there."

In fact, Wutaishan is located at the foot of Lion Rock, and right at the entrance of the tunnel. Currently, the only tunnel in Hong Kong is just a few kilometers away from Sha Tin.

On the contrary, Clearwater Bay is extremely remote, about 20 or 30 kilometers away, and TVB's filming location is also about 10 kilometers away.

Wei Dong wanted to weigh the situation further: "I'll think about it. After all, this is a big change. For example, we racked our brains to plan to use such a remote plot of land as Qingshui Bay to build an artists' village, and we still don't know if it will work out."

The two could converse in Mandarin, so Qin Yuye casually translated for his secretary, only to see a gleam of light instantly flash in her eyes!

Wait, you can flirt with this?!

(End of this chapter)