The Wealth Empire Crossing the Hong Kong

Chapter 123 The Tin Shui Wai Project

Tin Shui Wai, similar to Tiu Keng Ridge in the past, is remote and backward, but last year, there have been some changes here.

Wheelock Group and Cheung Kong Group acquired 1.5 hectares of land at a price of HK$488 per square foot, of which Wheelock Group holds 75% of the shares and Cheung Kong Holdings holds 25% of the shares.

Although the price is extremely low, the government has additional conditions. Wheelock and Cheung Kong must complete the entire development within 11 years and meet the housing needs of [-] people.

Everything was fine at first, but now that Wheelock Group has been controlled by Li Jianhui, the meaning is quite different.

Due to the notice from the Xiangjiang Land Planning Department yesterday afternoon, Li Jianhui arrived at the Morris office on time at [-]:[-] on Tuesday morning.

Li Chaoren had already arrived here, Li Jianhui just took his seat, and Morris entered today's topic.

"Mr. Li Jianhui and Mr. Li Jiacheng, since Wheelock Group and Cheung Kong purchased the land in Tin Shui Wai last year, a whole year has passed, and there is no sign of any construction.

According to Mr. MacLehose's request and according to the order of the Secretary of Administration, our Land Planning Department will take back your land in Tin Shui Wai at the original price. What do you two think about this? "

Li Jianhui is very familiar with the cooperation between Wheelock and Cheung Kong at the beginning. You must know that the land price he obtained in Tseung Kwan O was based on the price negotiated by Li Chaoren and the Land Planning Department.

Time has passed, and the former British-owned foreign firm has been taken under his command, and now he needs to face the development of Tin Shui Wai.

As for the government taking back the land, Li Jianhui will not agree. Just kidding, the 488 hectares of land is a huge amount of wealth. Now that it has reached his mouth, how can he spit it out.

Li Jianhui was not in a hurry to refute Morris, but asked Li Chaoren beside him, "Li Sheng, what do you think about this?"

Cheung Kong currently focuses on Hong Kong Island and the Kowloon Peninsula, and has no plans to develop Tin Shui Wai in recent years.

Due to the influence of Li Jianhui, there have been a lot of changes in this life. Tseung Kwan O has become another popular location because of Huihong Industrial Park and Hong Kong Polytechnic University.

Regardless of whether the government is the center of gravity or the real estate center of gravity, apart from Hong Kong Island and Kowloon, it is Sai Kung.

Even if Cheung Kong really develops Tin Shui Wai, there are basically no buyers for commercial housing in the past few years. These urban residents would rather choose Tseung Kwan O than the remote Tin Shui Wai.

After all, the subway from Hung Hom to Tseung Kwan O is already under planning. Once the subway is opened, it will only take a few tens of minutes from Kowloon to Tseung Kwan O.

And Li Chaoren knew very well that this time the government deliberately came to embarrass them.

To win such a huge land, it was not a problem to have a British foreign company in front of it.

Now that the Wheelock Group is controlled by Li Jianhui, the MacLehose government is obviously unwilling to let them hoard nearly [-] hectares of land in their hands at such a low price.

"Personally, I don't want the Planning Department to disregard the spirit of the contract, but if the government is determined to take it back, it can only choose to comply."

Morris immediately retorted: "Li Sheng, our government gave you the land at such a low price in the hope that you can build immediately and improve the living environment of Xiangjiang citizens, instead of letting you take the land in your hands and wait for the appreciation.

According to the agreement of the Administrative Bureau, if you enter the site within one month, complete the first phase of housing development for [-] people within two years, and then complete the housing construction plan for [-] people every two years, then the land still belongs to you.

One or two years if the [-]-yuan housing plan is not completed, then we will take back your undeveloped land on this project free of charge.

If you still just want to hoard land and not develop it, then our government can only take action to take it back now and find companies willing to develop it to take over. "

In the era when the subway was not yet planned, and even the bus still needed to detour through Tuen Mun, it would not take two or three hours to enter the city center.

Entering Tianshuiwei at this time is definitely not a good choice for real estate developers. The opening scene can appear in Li Chaoren's mind, even if there are not many customers, there will not be many customers.

According to his plan with Wheelock, the two sides will not carry out development in a short period of time. They are planning to wait until Tianshuiwei reaches the urban area with convenient transportation before entering the venue, which is at least five years later.

Moreover, John Marden, chairman of the board of directors of Wheelock Group at the time, also promised him that he would try his best to persuade the Xiangjiang government to build the Tai Lam Country Park Tunnel, so that Yuen Long can go directly to Tsuen Wan through the tunnel, and there is no need to go around Tuen Mun, which can save a hours or so.

Now that this person has gone to Australia, the original promise has become a dead letter. As for Li Jianhui, it is good if the Xiangjiang government does not suppress him now. Let Li Jianhui persuade the government to increase the development of Tianshuiwei. Not only will it not succeed, but it may also be counterproductive. .

"I have no intention of developing Tin Shui Wai for the time being, and I am willing to accept the government's plan to recover the original price."

Morris looked at Li Chaoren and smiled meaningfully, then asked Li Jianhui, "I don't know what Hui Defeng thinks?"

"I want to know if the Wheelock Group develops housing for [-] people every two years, and after the fifth phase is completed, the remaining land will belong to the Wheelock Group?"

"If the Wheelock Group completes housing construction for 10 people within 50 years according to the contract, the remaining land will naturally belong to the Wheelock Group."

What Li Jianhui was waiting for was Morris' words, and being able to kick Chang Shi out this time was exactly what Li Jianhui wanted.

It may be very difficult for others to develop Tin Shui Wai, but it is relatively easier for him.

At present, Huihong Industrial Park is already relatively crowded, and he is mainly building an electronic industrial park there.

Jiayi Group is planning to build its own printing factory, which can be located in Tin Shui Wai. In the future, he also plans to put the mobile phone communication and computer industries in Tin Shui Wai.

And aside from these, as the number of citizens in Xiangjiang continues to increase, he will also make a lot of money in the future. Now it is just a little more money.

This is not a problem for him who has a London gold cash machine. Even if he spends money, he still wants to get the nearly [-] hectares of land into his hands.

Li Jianhui promised that Wheelock Group will develop housing for at least [-] people every two years, with a total construction period of ten years, and asked the Land Planning Department and Wheelock to re-draft the contract and hold a press conference to announce it.

He is preventing the Land Planning Department and even the government from changing their minds again. Everyone in Xiangjiang knows that the Land Planning Department does not dare to damage the government's image.

Li Chaoren's 25% shares were also directly purchased by Li Jianhui. Starting today, the 488 hectares of land will only belong to the Wheelock Group.

When the contract was signed, the faces of the three were full of smiles, and they seemed to have achieved their goals.

No matter how you look at the situation, the situation is a bit weird. If it is understandable for Li Jianhui and Morris to achieve their goals, Li Chaoren is a bit strange.

(End of this chapter)