Hong Kong films: Starting with Crossover and Luen Shing

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 more questions; he knew these were things he shouldn't be concerned with.

All he had to do was follow the leader's instructions and do things properly. As for any problems that might arise later, 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?