Chapter 732: Disapproval
Hutchison Whampoa is actually in the future Cheung Kong Asset Group, and more important is its retail and port business. Pen fun and pavilion www.biquge.info
In particular, the retail business, which includes the No. 1 PARKnSHOP supermarket in Hong Kong and the world's largest Watsons chain, has brought a lot of profits and valuations to Hutchison Whampoa.
However, after Hutchison Whampoa joined Cheung Kong Group, the first battle of fame was the Whampoa Dock Renovation Commercial Housing Project - Whampoa Garden.
In Heung Kong, it is not uncommon for abandoned shipyards to be repurposed for real estate.
A few years ago, Swire Group used its own Swire Dock to repair its house, which has become a benchmark for the middle class of real estate in Hong Kong, and housing prices have risen again and again, making Taikoo Shing a lot of money.
Whampoa Dockyard is located in the Kowloon Hongkan area, facing the sea, facing the north corner of Hong Kong Island and Fortress Hill across the sea, with an area of up to 19 hectares, a full 285 acres, which is much larger than the more than 200 acres of Taikoo Shing!
There is a saying in Baidu that Taikoo Shing is only 53 acres, which is actually a joke.
Not to mention anything else, Taikoo Shing has 61 houses and more than 12,000 units, how many houses can you put down on 53 acres of land?
There's no space at all, and there's no way to put it down!
What's more, the greening and leisure area of Taikoo City is very good, and the floor area ratio is about 4 times at most, and 53 acres can't even be used as a green area.
Yin Jun remembers that after the completion of Whampoa Garden, it was a very successful property as another excellent housing estate in the middle of Hong Kong, with almost 100 residences, more than 11,000 residential units, and more than 40,000 people.
What's even more frightening is the profits of Cheung Kong Group.
Taking advantage of the lowest real estate crisis in Hong Kong, they applied to the government to convert the Whampoa Dockyard into residential and commercial office land, and the land difference paid hit a record low, only 391 million Hong Kong dollars, and then added 210 million yuan in road construction costs, that is, 600 million yuan.
You must know that in 1981, that is, next year, Cheung Kong Group also applied for this, and Hutchison Whampoa needed to make up a low price of 2.8 billion Hong Kong dollars!
With this amount alone, they have already saved 2.2 billion.
When the last phase of Whampoa Garden was sold out, Cheung Kong Group received a pre-tax profit of 5.3 billion Hong Kong dollars, plus a 1.7 million square feet shopping mall, which was used to slowly collect rent.
In this way, they have earned more than 10 billion yuan in the real estate business of Huangpu Garden alone, which is only a lot more!
Yin Jun can remember Hutchison Whampoa because he read Li Chaoren's biography.
This clever trick of forcing the government to use super-low land prices to encourage big real estate businessmen like them to start building houses and stimulating economic development by taking advantage of the bad way of the world is a very proud achievement.
However, the government is not a vegetarian, and when the economy eases up, Li Chaoren suffers a little loss in another development business that makes up the land price to change the use, which is several hundred million yuan higher than the normal price.
At this time, Li Chaoren talked about developing the Whampoa Dock, and Yin Jun was not surprised.
Because after he bought Hutchison Whampoa, he was actually playing the idea of Whampoa Dock, after all, there was a pearl from Taikoo Dockyard in front.
Now that Yin Jun agrees with his opinion, the real estate in Xiangjiang will collapse in two or three years at most, and he is a little anxious, and wants to develop the Whampoa Dockyard as soon as possible and make a few big profits.
As for the remaining sites and houses, they can be repaired slowly, anyway, they have made a lot of money, and the rest are not panicked, and when the real estate market is good, it is okay to accelerate the development.
But there is one point, if you want to develop such a large area of 285 acres of land as Huangpu Dock, Cheung Kong Group must at least prepare more than 5 billion funds for the development and construction of it.
If you want to borrow money from HSBC, and with so much of a loan, Cheung Kong Group will definitely face pressure and doubts from minority shareholders.
In this case, Li Chaoren is about to pull Yin Jun.
Not only because Yin Jun's shares and him together occupy the vast majority, but also because of Yin Jun's genius status in the hearts of all Xiangjiang people.
Many people are superstitious that as long as it is a business that Yin Jun is willing to mix, it will definitely make money!
Yin Jun dared to agree that Cheung Kong Group would invest billions of dollars to develop the Whampoa Dock, and the vast majority of shareholders would choose to support it.
"The Whampoa Dock covers an area of up to 19 hectares, and it is a good location near the sea...... Li Chaoren thought that Yin Jun didn't know much about the Whampoa Whammad, and talked about the advantages of the Whampoa Whampoa Dock for a long time, and finally said: "I think that we will first develop Phase 3 quickly, launch 1000-2000 houses, eat the fattest cake, and get a lot of cash, and then slowly develop, waiting for the opportunity, which is the best for our strength expansion." Yin Sheng, what do you think?"
Facing Li Chaoren's inquiry, Yin Jun shook his head directly this time: "Mr. Li, you think very well, if it is in a normal life, we will definitely be able to build the Whampoa Dock and make it a more dazzling existence than Taikoo City." But now the price of land in this world has gone crazy. How much do you think they will make us pay the difference in land price if we apply to the government for a change of land use?"
Li Chaoren said confidently: "I calculated, according to the proportion of Taikoo City, if it floats upward, it should be about 1.2 billion, and it is precisely because of such a large amount of expenditure that we have to ask HSBC for help." But Yin Sheng, as long as we get the land down, we will be sitting and counting the money in the future!"
Yin Jun smiled, "Mr. Li, you still haven't understood the horror of this crazy land price." 1.2 billion? You are underestimating the Xiangjiang government! It is now the end of the 80s, and I have here a document that I bought from a consulting company, which says that the auction price of land in the urban area of Xiangjiang and industrial land is about 3,000 Hong Kong dollars per square foot. Non-industrial land such as commercial buildings and casinos are about HK$12,000 per square foot, and residential land is about HK$14,000 per square foot.
Whampoa Dock is located in a good location, the northwest is the middle-class gathering place of Ho Man Tin, sitting on two sides of the beach, to the west is the Hongkan Undersea Tunnel, it is very convenient to reach the bustling area of Hong Kong Island. Do you think that the Xiangjiang government will not be able to see this kind of land, and only let us make up the 1.2 billion yuan in the district, so that it can be redeveloped instead?"
"Then how many billions do you think they will offer?" asked Li Chaoren with a frown.
"3 billion. Yin Jun said calmly.
"What!?"
Li Superman was dumbfounded.
If it weren't for Yin Jun, he would have opened his mouth a long time ago and said that such speculation was "extremely boring".
I have to build a house and make up the price of my own land, so why can't it be so expensive, right?
If this is the case, the land prices of the Xiangjiang government and Xiangjiang are really crazy!
"After all, after the beginning of next year is ready, Mr. Li can send someone to apply. Yin Jun said calmly, "Anyway, they said that if we don't repair the house, it doesn't matter, right?"
"The price is ......"
Li Superman didn't even know what to say.
At the same time, his heart began to be vigilant again.
Let's apply to take a look, if they really dare to shout 3 billion, their remaining real estate must be sold as quickly as possible, so as not to encounter a big collapse in the property market!
"Speaking of which, I still have something to ask Mr. Li for help. Yin Jun said: "I know that Mr. Li has a good relationship with Governor MacLehose, and he also has a good relationship with the people of the Broadcasting Authority and the Chief Executive. My Kylin TV wants to make a satellite TV and broadcast programs for free all over Asia, I wonder if Mr. Lee is willing to help persuade Governor MacLehose and the government to help me achieve my wish?"
"Satellite TV?" Li Ka-shing said in surprise, "Yin Sheng, how did you come up with the idea of doing this? It costs a lot of money! Just the launch and maintenance of satellites will cost a huge price." What do you use to ensure that your income can support such a large expense?"
"I'm going to buy the French for the purchase of satellites, they have good technology and they don't have any ill feelings towards us Chinese. Yin Jun said, "As for the launch and maintenance, I am going to hand it over to the rocket launch units in the mainland, so that the cost will be cheaper." TVB and ATV will not get in the way, and the most important thing now is to talk about the government. ”
"I don't have much experience in this area. Li Chaoren said first, and then said: "But Yin Sheng, you gave me too much help before, and I must return this favor." I'll get back and get to know better, and then I'll get back to you, okay?"
"Okay!"
Yin Jun nodded.
The current Li Superman is not the Li Superman who was surprised in the nineties.
At that time, Li Chaoren put forward the idea of a satellite TV Chinese channel, and after promising many conditions, the Xiangjiang government was able to agree.
But Xiangjiang is only him, and the future Phoenix Satellite TV is only the Xiangjiang part of the Chinese channel of Satellite TV.
It's just that Li Chaoren is a very good person, and no matter which government or governor he has with him, he can maintain a good relationship, which is what people are capable of.
Two years ago, when Li Chaoren hadn't swallowed Hutchison Whampoa, MacLehose took a group of wealthy people from Xiangjiang to Huajing to visit Xiao Lao, so he took him there, which is the proof.
Yin Jun is now a channel that needs to be dredged, instead of pinning his hopes on Li Chaoren.
When there are more intercessors, and he also has a detailed development plan on his side, I believe that with MacLehose's wisdom and atmosphere, Yin Jun has a great hope of success.
There is really not much time left for Yin Jun.
Once Li Hanxiang's movie starts filming, Gan Guiliang, Wen Jun and others will go to the mainland one after another, and the treasure island will definitely block Yin Jun without hesitation.
If there is no complete preparation, the foundation in Heung Kong will definitely be greatly affected.
Only by spreading out the stall in advance can the impact be further reduced.
The more you prepare in advance, the more you will be able to deal with it calmly, reduce losses as much as possible, and continue to move forward while maintaining the original goal!