Hong Kong Movie: At the beginning, Big Boss B asked me to draw the death lottery

Chapter 121 Po Leung Kuk: Mr. Ho's noble character is truly admirable!
"So, Judy, you're not planning to drag this out any longer?"

Faced with Ho Yiu-chung's questioning, Tang Judy could only sigh helplessly.

"The essence of competition among real estate companies is to seize by trickery and force."

This charity project in Kowloon Walled City was initiated by Hysan Development Company. Do you know why?

"do not know!"

"The reason is simple: it's not because these real estate tycoons want to monopolize the top spot."

Rather... Ho Yiu-chung, your Heng Yiu Properties has set a very bad precedent for the Hong Kong Island property market!

He Yaozong understood and immediately gave a self-deprecating laugh.

"Does Judy mean that I spent a lot of money building resettlement housing for those citizens, which made these real estate tycoons very unhappy?"

"It's fair to say that real estate development in Kowloon and Hong Kong Island is now approaching saturation."

To continue the real estate boom on Hong Kong Island, the New Territories have become a hot development area, and in fact, that's what the Lands Department plans to do as well.

As Tang Judy spoke, she took a box of Marlboro from the drawer and tossed it to He Yaozong.

He then said, “We’ve started this in Hong Kong and Kowloon. What do you think the indigenous people of the New Territories will think?”
If this scale is built several more times, all future public housing construction will be carried out on the same scale as Lok Fu Estate!
Moreover, the acquisition of Ding Quan will also be a difficult problem. The indigenous people of the New Territories will discuss with the developers in advance, and the template will be based on your Heng Yao Real Estate's resettlement plan.

By doing this, you're essentially breaking the rules of the game that these tycoons have established over decades in the Hong Kong property market!

He Yaozong opened the pack of cigarettes that Tang Judy had given him, took out one, and lit it.

After taking a puff, he couldn't help but frown.

“When I was starting out in the community, someone was constantly telling me about the rules.”

Now that I've finally shown some compassion and entered the housing market, damn it, someone wants to follow the rules!
There are so many rules in every industry in this world, why can't I set some rules?!

Tang Judy frowned and said, "Don't be silly, handsome. Those tycoons could bury you in money!"

Their family has accumulated wealth over decades or even centuries; you and I alone cannot defeat them.

"I don't believe they can bury me in money!"

"Then why do you waste so much money on people you don't even know?"

"I don't understand!"

Ho Yiu-chung shook his head: "I also grew up in public housing. We are all good people. Why should we be crammed into those birdcage-like rooms from birth!"
I spend my own money to do what I like, why should I have to cater to the whims of these rich people?

Tang Judy couldn't help but sigh.

"Ah Yao, taking a step back opens up a whole new world."

People from Hysan Development have already come to see me. They asked me to pass on a message to you: if you have time tomorrow noon, go to the Regal Hotel in Causeway Bay to talk to them.

Tomorrow at noon, the Chief Investment Officer of Hysan Development will be hosting a tea party at the Regal Riverside Hotel.

I will also be attending. If the negotiations fail, the development project in Kowloon Walled City might truly become a project meant to benefit the people!

"So, in the end, they're still trying to force us to give in?"
I just can't understand how a comprador who made his fortune by selling opium for foreigners and consuming the blood of Chinese people has the right to talk about projects that benefit the people.
Since they're so keen on doing projects that benefit the people, let them do as many as they want!

Seeing that she couldn't get through to him no matter what she said, Tom Judy couldn't help but get anxious.

"Boss, I'm begging you, even if you don't think about yourself, at least think about Huasheng Real Estate."

This project involves too much money and concerns the livelihoods of thousands of employees at Huasheng Real Estate. I can't stand by and watch them ruin this land!

"Okay, then I won't make things difficult for Judy!"

He Yaozong knew that he could not persuade Tang Judy at the moment.

She has her own difficulties, and she has her own way of making money.

Once the small resettlement project in Lok Fu Estate is completed, it will bring him at least 300 million in rebates.

If he could, he would gladly take over all the public housing projects on Hong Kong Island!

Upon returning to Sham Shui Po from Central, Ho Yiu-chung immediately called Siu Wai over.

"Two things. In a moment, go to 66 Leighton Road and donate HK$660,000 in the name of Hengyao Real Estate."

Then I'll have them find reporters to conduct interviews and reports on the resettlement project at Lok Fu Estate. I want the whole of Hong Kong Island to know how Heng Yiu Properties builds resettlement housing!

Xiao Hui nodded, then asked, "Brother Yao, what about the second thing?"

He Yaozong threw a real estate purchase contract on the table.

"After you finish your business at Po Leung Kuk, take this contract to Chan Tin Yee Law Firm and have them review it carefully for any flaws."

In addition, Hengyao Real Estate's legal department really needs to make some preparations.

Go and schedule an appointment with Chen Tianyi, have him review the project, and get Hengyao Real Estate's legal team up as soon as possible!

Xiao Hui didn't dare to be negligent. She simply nodded solemnly to He Yaozong, then grabbed the contract document and went out to get things done.

After Xiao Hui left, He Yaozong sat in his office, drank a cup of tea, and then picked up the phone to call Shuang Fan Dong in Yuen Long.

The phone rang a few times before being answered.

"Uncle Tung, how have you been in Tsim Sha Tsui lately?"

"It's Ah Yao! Thank you for your kind consideration. Tsim Sha Tsui is so much better than Yuen Long!"

"Hey boss, what do you need me to tell you?"

Shuang Fan Dong smiled obsequiously on the other end of the phone, afraid that a slight misstep in his tone might offend Wo Luen Shing, the powerful figure in charge.

"Uncle Dong, it's really nothing important."

I just wanted to ask you about something. It seems Hysan Development recently acquired land rights in the Po Lok Fong area and is planning to build there, right?

"Yes, but the acquisition of that batch of Ding Quan didn't go very smoothly. After all, Baolefang can't be considered a rural area anymore."

"Why is the leader suddenly asking about this?"

"It's nothing, I just wanted to find some business to do over there, I was wondering if you would be interested."

"Oh, thank you so much, Boss, for your kindness."

"But that's the territory of the Yi-character gang. I'm not afraid of being laughed at by you, boss, but if I were qualified to compete for business there, I wouldn't have needed to be guarding those pigsties in Yuen Long before."

He Yaozong spoke into the microphone: "I'm not asking you to go over there and compete with the number gang for building materials business. I'm asking you to go over there and do some ideological work with the neighbors. I'm planning to go to the New Territories to do a Ding Quan commissioned development!"

The transactions involving dating rights in the New Territories are not actually legal.

There are generally three ways for real estate developers to obtain the development rights of indigenous people.

One approach is to directly allocate huge sums of money to the owners of Ding rights, allowing them to transfer their Ding rights to real estate developers under the guise of relinquishing their applications for Ding houses or entrusting development, thus creating a nominal collective development.

However, this acquisition method is extremely costly and requires village representatives to take the lead in acquiring the rights of residents in an area and developing it into a mature business district before real estate developers can make a profit.

The second option is to directly purchase a completed Ding house, which is simpler and more convenient in dealing with legal provisions.

The biggest challenge is that real estate developers can't agree on prices, and some will try to raise prices arbitrarily.

To cope with this situation, real estate developers typically spend money to hire gangsters to force residents to sell their houses at the prices offered by the real estate company.

This method can also be called expropriation by force.

The third method is land swap, which is something only real estate tycoons can pull off.

Generally, those who use this method to acquire land rights must have a large land reserve, and make acquisition adjustments based on the municipal government's future development plans for Hong Kong Island.

Typically, several years in advance, before the municipal authorities have even hinted at their plans, they will rush to acquire large-scale land rights in an area through land swaps, and then proceed gradually.

Non-foreigners acting as front men cannot obtain such inside information, nor are they qualified to make such strategic plans!

It is worth mentioning that Hysan Development acquired Ting Kuen in Yuen Long's Po Lok Fong using the second direct acquisition method.

This is also why the power of the Ding family in the Baolefang area has not been completely brought under control.

He Yaozong instructed Shuang Fandong to go there to discuss the joint development with Ding Quan, using the method that is least popular with real estate developers.

Collaborative development, shared profits!

Essentially, Hengyao Real Estate funded the integration of the original Dingwu houses of Baolefang residents and transformed them into a commercial area.

A profit-sharing agreement will be drafted later, and the two parties will then share the profits based on the value created by the commercial area.

This is the most popular method among Dingquan owners, but also the least favored by real estate developers.

No real estate developer wants to see a bunch of country bumpkins stealing food from their bowl!
After He Yaozong finished explaining, Shuang Fandong was dumbfounded.

If we approach Bao Le Fang with He Yaozong's method to discuss the Dingquan commissioned development, then winning over the indigenous people will definitely not be a problem.

The most crucial question is... where did he get so much start-up capital?

How could they withstand the pressure from Hysan Development?

It's worth noting that the Lee family was the financial backer of many Hong Kong triads back then. Even if they got their hands on Ding Quan of Bao Le Fang, could the subsequent development work proceed smoothly?

However, Shuang Fandong didn't ask any further questions. He knew these things weren't his concern. What he needed to do was to follow the leader's instructions diligently. As for any subsequent problems, it wasn't his place to offer advice to He Yaozong.

……

In the afternoon, He Yaozong was taking a nap at the hotel when there was a knock on the door.

Upon opening the door, I found Xiwei standing there.

"Brother Yao, Xiao Hui asked me to tell you that someone from Po Leung Kuk has come over."

"Who?"

"He seems to be an officer from Po Leung Kuk, his name is something like Fung Ka-lok!"

"What are you waiting for? Get someone up here!"

"Oh!"

Before long, Xiao Hui appeared at the door with a middle-aged man wearing a light brown suit and gold-rimmed glasses, who looked very refined.

"Brother Yao, this is Mr. Feng Jiale, an officer of Po Leung Kuk."

After I went to Po Leung Kuk in the afternoon to explain my purpose, Mr. Fung reviewed the materials I provided. He personally went to Lok Fu Estate, then called me, insisting on meeting me.

Without He Yaozong's invitation, Xiao Hui did not step into the room, but stood by the door frame and said to He Yaozong.

He Yaozong gave her a wink, and Xiao Hui immediately understood, turning around with a smile and leaving.

"Mr. Feng, it's a pleasure to meet you!"

"Not at all! It would be an honor for me to meet Mr. He!"

Unable to hide his excitement, Feng Jiale immediately extended his right hand to He Yaozong.

The two shook hands tightly, and after receiving He Yaozong's invitation, Feng Jiale entered the room.

He adjusted his gold-rimmed glasses and was deeply moved.

A thousand years ago, Shaoling Yela wrote a poem that said, "How can I obtain thousands of mansions to shelter all the poor scholars of the world and make them all smile with joy!"

It's unbelievable that Mr. Ho spent so much money to resettle the refugees of Kowloon Walled City, yet his own living quarters are so simple.

Even compared to Du Zimei's magnanimity of extending empathy to others back then, it's no less impressive!

Even He Yaozong blushed upon hearing these words.

"Mr. Fung is joking. I also came from a poor family in a housing estate."

"Right now, I'm just doing what I can; I really don't deserve Mr. Feng's praise!"

"Mr. He is certainly qualified!"

Feng Jiale walked to the window of the simple suite and reached out to open the blinds.

He then became emotional and said, "I have been engaged in social assistance work at Po Leung Kuk for almost twenty years!"
Over the years, I have also dealt with many philanthropists.

Among them are genuine philanthropists, and there are those who use charity as a pretext to seek personal gain.

But I've rarely seen such a magnanimous and selfless person as Mr. He!

The repeated flattery made He Yaozong feel rather uncomfortable.

Perhaps he was narrow-minded before, believing that so-called charitable organizations were essentially just using the guise of helping the people to do business.

But the way this Officer Feng was admiring me didn't seem to be faking it.

Or does he think he's a big fish and is putting on an act here to try and get me to donate more money to Po Leung Kuk?
Six hundred and sixty thousand? That's more than enough for them to invite reporters to come and interview us!

He Yaozong had no intention of escalating the situation, so he simply stated it directly.

"Mr. Feng, you've already praised me enough."

I donated HK$660,000 to Po Leung Kuk, simply because some people with ulterior motives instigated me to smear Heng Yiu Properties under my name some time ago.

If Mr. Fung truly believes I am a magnanimous person, why not lend a hand and, on behalf of the Po Leung Kuk, invite major media outlets on Hong Kong Island to report on the resettlement project at Lok Fu Estate!

Feng Jiale nodded immediately.

"Mr. He, this is what we should do!"
I have already extended invitations to Oriental Daily News, Ming Pao, and ATV's news department on behalf of Po Leung Kuk.

We at Po Leung Kuk will make sure to publicize this matter effectively for you!

At this point, Feng Jiale paused, and before He Yaozong could speak, he excitedly continued.

"Those who gather firewood for the masses should not be left to freeze to death in the wind and snow!"

I have already reviewed the documents Mr. He sent.

The total cost of this resettlement project in Lok Fu Estate is estimated to exceed 300 million!

Mr. Ho used the land title deed of Kowloon Walled City as collateral to obtain this fund from Wah Shing Properties.

Ho Yiu-chung chuckled: "I didn't expect Po Leung Kuk's investigation methods to be so swift!"

Feng Jiale did not respond to He Yaozong's words, but continued to speak with emotion.

“We at Po Leung Kuk are deeply grateful for Mr. Ho’s great deed and would like to do our part.”

When I got back, I applied to the board of directors for project approval, hoping to raise a small amount of funds to help Mr. He.

Furthermore, in front of the media, I promise to personally donate HK$800,000 to help Mr. Ho complete the resettlement project at Lok Fu Estate!

……

He Yaozong was speechless for a moment.

He didn't expect that Feng Jiale would actually be willing to spend real money!

Could it be that I'm judging a gentleman by my own petty standards?

However, no matter what, he couldn't let Feng Jiale get involved right now.

He didn't have the same magnanimity as Fung Ka-lok. For the Lok Fu Estate project, he wanted to get back double what he spent. He felt uneasy if others were to contribute even a penny more!

"Mr. Feng, please give up this idea!"

The resettlement project at Lok Fu Estate is inherently a commercial activity; I don't need anyone's help!

Feng Jiale was deeply moved, assuming that He Yaozong was afraid that Po Leung Kuk would be tarnished by this.

"Mr. He, you can make the accounts public once."

In the eyes of Po Leung Kuk, your act of kindness is no different from doing charity!
You deserve more help; why try to cope alone?

He Yaozong shook his head and decided to change the subject with Feng Jiale.

"Mr. Feng, since you're so eager to help me, why don't we change the subject and talk about something else?"

"Mr. He, please speak!"

“I’m in the New Territories, and I’m also interested in a joint development project for Ting Uk.”

However, there might be some resistance along the way, and I hope that the Po Leung Kuk can step in and speak up for me then!

"Mr. He, could you tell me the details?"

"Let's talk about it later. In any case, I am very grateful for Mr. Feng's kindness. Let's keep in touch in the future!"

To be able to work for Po Leung Kuk, one must have high emotional intelligence.

Fung Ka-lok also knew that Ho Yiu-chung didn't like to talk about Lok Fu Estate anymore, and assumed that he was afraid that Po Leung Kuk would come and snatch away the exclusive honor that belonged to Heng Yiu Properties.

He immediately reached into his pocket and pulled out a business card.

"Mr. Ho, if you ever need Po Leung Kuk's help in the future, as long as it involves public welfare or convenience, Po Leung Kuk will definitely provide our full support!"

"Furthermore, I have a favor to ask, and I hope Mr. He will consider it."

"Mr. Feng, please go ahead."

"I arranged for reporters to go to Lok Fu Estate to conduct interviews that evening, hoping that Mr. Ho would make an appearance."

In my limited perspective, doing good deeds deserves social praise, and I hope Mr. He will not refuse!

He Yaozong pondered for a moment, and finally readily agreed.

"Okay! Then I will go to the construction site at Lok Fu Estate at 8 p.m. as Mr. Feng said."

However, I might not have much time and won't be able to give a long interview over there.

"Mr. He, rest assured, if there's anything you're uncomfortable saying aloud, I will explain it clearly on your behalf in front of the media!"

After saying that, Feng Jiale extended his right hand and shook hands firmly with He Yaozong.

He then said no more, got up to take his leave, and prepared to return to Po Leung Kuk to prepare for tonight's interview.

(End of this chapter)