September 30th is a fresh start for the people of Xiangjiang. Pen "Fun" Pavilion www.biquge.info

Because on this day, Governor MacLehose presided over the opening ceremony of the first subway line in Hong Kong and took the first subway.

Although the subway is only halfway completed, only a few stations from Kwun Tong to Shek Kip Mei have been opened, and there are only four subway cars running back and forth at this time, Heung Kong has opened an underground rail transit.

For a small and densely populated city like Xiangjiang, underground rail transit is an absolute artifact to help the development of the city.

People can go to work from all corners of the city through the subway that extends in all directions, without worrying about traffic jams, traffic accidents, vehicle delays, etc., which has contributed to the formation of a large urban circle.

From now on, Hongjiang people can move outside the city and live in housing estates with cheaper prices, rather than having to find a place to live in the heart of the city.

Many important urban commercial entities can no longer be crowded in places like Central and Admiralty, and they can drive wherever there are more people.

But one thing is that has begun to change now, and will become the most important factor in measuring business value in the future.

That's the subway station along the subway!

Because the subway entrance is the connection point of the city, basically after the subway is built, it will become a support point on the spider web, supporting the underground rail transit of the entire Xiangjiang River.

If people want to have a convenient living and working environment, then there must be a border traffic environment for a long time.

Where do you find such a traffic environment?

It's easy!

Isn't it the most convenient that I live at the subway entrance?

Not to mention living not far from the subway entrance, it is to live in a few hundred meters, one or two kilometers of the subway entrance, you can walk to it in ten minutes, and then you can take the subway to the place I want to go, which is a good commuting and school condition!

Therefore, ordinary people must be willing to live in the subway, and if the subway is not good, they will live near the subway, anyway, the closer the better.

All right.

As a result, will housing prices around the subway entrance rise?

And because the population is gathered within a radius of one or two square kilometers around the subway entrance, then shopping malls, hospitals, schools, cinemas and other facilities and institutions will definitely be gathered here!

Since these facilities and institutions necessary for people's lives are around the subway entrance, will more people want to squeeze into it?

Needless to say, that's for sure!

As a result, the real estate around the subway entrance continues to appreciate, and the population here is increasing, thus forming a densely populated and commercial area.

Basically, if you blow up a two-kilometer radius of each subway entrance in Xiangjiang, then there will be no people in Xiangjiang, and there will be no commercial facilities at all.

Of course, there are no such crazy people, and Yin Jun also hopes that Xiangjiang will have such prosperity now.

As long as Xiangjiang can prosper, then it can support more real estate economy.

With the prosperity of the real estate economy, Yin Jun will be able to make more money and develop his own cultural and entertainment empire.

The next day, October 1, the subway was officially opened, but the people were not as enthusiastic as expected.

Except for the first hour or two, the four subways, two back and forth, especially at noon, were empty a lot of the time.

There was an uproar in the newspapers and in the news, and it was a little incredible, but Yin Jun was not surprised at all.

The first reason is that the current subway fare is too expensive, such a short distance, a few stations, actually cost 1 yuan.

For the same distance, the bus costs only 2 millimeters, which is only one-fifth of the price of the subway.

You mean that the subway is convenient and fast, but now Xiangjiang people are not rich, a day to work back and forth is 2 yuan, 2 yuan can barely eat a box lunch outside, or a bowl of noodles!

A little more than 10 minutes of sitting can save so much money, who wouldn't want to?

They are all people who work hard, and they will have to get married and have children in the future, mortgage and medical care, etc., all of which will cost money, who doesn't want to save if they can?

As a result, not many people are willing to take the subway, except for a few people who are new to it.

The second reason, and the most important reason, is that this subway is only the northern section of the first subway in Xiangjiang.

After that, the station was extended to Tsim Sha Tsui, Yau Ma Tei, and Mong Kok...... Until February next year, the southern section of the cross-harbour subway Tsim Sha Tsui-Central section will be opened to traffic, which will immediately greatly increase the enthusiasm of the people to take the subway.

The advantage of the subway is that the farther the distance, the cheaper the cost, and then the speed is also faster, and it can also save more time!

Such a short section may be about 10 minutes away from the bus, but if you go from Kwun Tong to Mong Kok, the bus will walk for an hour, but the MTR will only take 16 minutes, do you think anyone is willing to save this 45 minutes of time?

Absolutely!

Nothing from Yau Ma Tei to Tsim Sha Tsui, but what about you cross the harbour from Yau Ma Tei directly to Central or Admiralty Station?

The Star Ferry takes 20 minutes, not to mention the time of queuing, not including the time of bus transfer, more than an hour of car time, less than 20 minutes to arrive by subway, and it is a bustling area to come out, so convenient and fast, but few people are willing to give up, right?

This is only the first line of the subway, and when the second, third, and fourth lines are built, the subway can easily and quickly lead to any prosperous area of Xiangjiang, and the number of people using the subway at that time is really conceivable how crowded and hot!

It is also conceivable how profitable the Xiangjiang MTR Company will be.

Although the Heung Kong Metro Company is still very poor and has to rely on selling the properties above the subway station to raise funds for the construction of the subway, as long as it survives the past few years and when the subway network extends in all directions, the subway company will undoubtedly become a terrifying money-absorbing weapon and make money softly!

You know, the subway company is not only in the business of buying and selling tickets, every shop in every subway station is theirs, and many subway station properties also have their shares!

Think about the dozens of large and small stations of the subway, as well as the countless commercial buildings above the stations, the income of this stall is more than ten times more than selling tickets!

If the Xiangjiang Metro Company is a listed company, now is undoubtedly their most difficult period, as long as Yin Jun buys their shares, he will basically be able to live a comfortable life with dividends in the future.

Unfortunately, the Heung Kong Metro is still 100% owned by the Hong Kong government.

Two years after the listing of the Hong Kong Metro, the Hong Kong government will announce that because the subway is a public business, no company other than the Hong Kong government can acquire more than 5% of the subway shares without permission.

It would not be until more than 90 years later that this regulation would be revoked, but in the following decades, the government of Heung Kong was still the first shareholder - and no one was willing to compete with the government in this regard.

Speaking of which, this time the first subway in Xiangjiang passed through the area, Tsim Sha Tsui East reclamation is one of them.

In the sixties and seventies, the Tsim Sha Tsui area of Hong Kong was only confined to the vicinity of Cameron Road and was already crowded, so in order to continue and expand the economic development of Tsim Sha Tsui, the Heung Kong government carried out large-scale reclamation projects in the surrounding Tsim Sha Tsui East and obtained about 18 hectares of land.

The land was sold at auction, and the Huang family's Sino Real Estate bought 9 hectares of land, all at a high price, which was satirized as a crazy move.

But 75 years later, because of the expectation of the subway, the plot of Tsim Sha Tsui East became popular all of a sudden.

So far, Sino Land has only developed two projects – Tsim Sha Tsui Centre and Empire Centre – and has already earned back the money from the original land purchase, and there are hundreds of millions of Hong Kong dollars in profits.

Now, Sino Land has up to 6 hectares of land in its hands, and there are two-thirds left!

It is conceivable that with the continuous development of real estate and the continuous rise in prices, after three or five years, seven or eight years, fifteen or sixteen years, these lands will be developed one after another, and they will simply make a lot of money!

Yin Jun also knew that in the future, the Huang family's Sino Real Estate would be known as the "King of East Tsim Sha Tsui", and then they directly changed the company's name to Tsim Sha Tsui Real Estate!

In addition, the king of Central is Hongkong Land, and Wharf dominates Tsim Sha Tsui by relying on Harbour City.

Hysan Land, which is now the property of the Ritchie family, the chairman of TVB, will also become the tyrant of Causeway Bay!

The development of these companies has nothing to do with the real estate tycoons in Hong Kong in the future.

They all relied on the layout of more than ten years ago, decades ago, or even a hundred years ago to get such an opportunity, in fact, it was the current situation that created them, not their real strength.

In the future, the real Hong Kong real estate super-rich, their layout is in the whole Hong Kong!

They rely on one real estate project after another, continue to develop, and continue to develop and grow with the development of Xiangjiang, instead of being like these companies above, they can only guard their own territory and do not develop, so in the end, they just collect rent and eat.

And Yin Jun has never envied these people who have taken the lead.

Even he has nothing to envy for the four major real estate tycoons in Xiangjiang.

From the very beginning, Yin Jun had already set a goal.

The direction of his struggle is the empire of culture and entertainment.

Any real estate industry is only for the purpose of accumulating capital and strength, and it is all for this goal.

With Yin Jun's heart, of course, he will not be so intoxicated with the money of buying and selling houses that he forgets what he should do.