Rebirth: The Era of Hong Kong Tycoon

Chapter 312 [Four Residential Villages]

It's spring again.

XNUM X Year X NUM X Month.

Lin Rongheng came to Evergrande Real Estate in the morning, and General Manager Wu Hao was the first to report to Lin Rongheng's office.

Wu Hao handed over a tender and said, "Boss, this is our tender for the property on top of Lantian Subway Station, let's take a look at it!"

Lin Rongheng nodded, took it over and flipped through the pages. The property above the Lantian subway station is a large housing estate. It can build 20 residential complexes with 28 to 34 storeys, and can provide about 4100 units.

This bid is a joint bid by Evergrande Real Estate and CITIC Group, and all points are bound to be won.

Over the years, Evergrande Real Estate has been making a fortune with several Chinese-funded groups. The purpose is to strengthen relations with the mainland. Although some people say that Lin Rongheng is a 'red businessman', Lin Rongheng's company has no red capital, so he also needs to cooperate with Chinese capital. The group has established a good relationship to facilitate its own large-scale investment in the mainland in the future.

Seeing that the total price tag was 10.8 billion Hong Kong dollars, Lin Rongheng nodded secretly. The executives of Evergrande Real Estate won his favor, and the price was basically stable.Although the price is high, the house price in Xiangjiang will skyrocket in the next few years, so there is no need to worry about no profit.

"Well, get ready to hand it up!"

"Ok."

Then, Lin Rongheng asked again: "The reserve land will reach 5000 million square feet this year, isn't it a big problem?"

Wu Hao said with a smile: "No problem! Since the global stock market crash in October last year, the land has fallen a lot, and we have basically won the land exchange rights in the New Territories, and we also drank a few sips of soup from Xindi and Henderson. ."

Lin Rongheng nodded. After the global stock market crash, the land in the New Territories fell by [-]%, and even appeared to be 'no one cares';

Of course, Evergrande Real Estate immediately took out the funds and bought it in a big way.

At this time, the real estate monopoly of Heung Kong has become increasingly serious. Five real estate companies, led by Evergrande Real Estate, supplemented by four real estate companies of Xindi, Henderson, New World, and Changshi, have almost monopolized about 70% of the housing supply in Hong Kong; The large real estate department provides about 26% of the residential buildings in Hong Kong, far exceeding the 20% of Cheung Kong in the previous life.

The real estate department has such a monopoly, and Lin Rongheng has no choice. Evergrande real estate department has sufficient funds and its own vision. How can it not reach this level step by step?

In the field of commercial real estate, several of Lin Rongheng's companies are also very remarkable, and they own too many high-quality properties.Of course, there are many commercial buildings in Xiangjiang, and Lin Rongheng's buildings account for no more than 10%, but high-quality buildings account for a high proportion.

Lin Rongheng's 'monopoly' in the real estate field will inevitably attract gossip.

Not to mention commercial real estate, after all, there are many hidden properties that have not been disclosed; residential buildings have been criticized, but fortunately, Lin Rongheng is much better than Li Chaoren in his previous life. He owns the super enterprise of Xiaomi Group, which supports the electronics industry of Xiangjiang. It supports tens of thousands of Hong Kong people; there are many industries that Li Chaoren did not have in his previous life, such as comics, toys, media, Red Bull.
In addition, Lin Rongheng donates a huge amount every year. Just for the preparation of Hong Kong University of Science and Technology, Lin Rongheng personally donated 5 million Hong Kong dollars, second only to the Hong Kong Jockey Club's 15 billion Hong Kong dollars.

In any case, Lin Rongheng will at least not be said to have "no contribution at all" in the future, because Xiaomi Group has supported a strong electronic industry chain for Huaxia, from memory chips, liquid crystal displays, lithium batteries, to electrical appliances and electronic products. It basically covers the entire electronics industry; although overall, Xiaomi Group's technological strength lags behind the United States, Japan, and South Korea, but it can still compete with Taiwan Island and Singapore.

After Wu Hao left, Lin Rongheng was lost in thought.

Evergrande Real Estate has four housing estate projects in the 90s, all of which have been fully prepared:

"Laguna City" in Cha Kwo Ling was originally a large oil depot in Cha Kwo Ling of Chamker Petroleum Company. Hutchison Whampoa exchanged this oil depot with the shipyard site on Tsing Yi Island, as well as the Clamker Oil Depot in Ap Lei Chau.At present, the preparatory work has been done well, and it is expected to start construction next year, and it can be sold in stages in the early 90s.A total of 55 residential buildings are planned for this project, with about 8000 residential units and a large shopping mall attached.

The "Haiyi Peninsula" in Ap Lei Chau, the original large-scale Hong Kong Electric power plant in Ap Lei Chau, plus the oil depot of Clam Ke Company; the first phase of Hong Kong Electric Company's power plant on Lamma Island was put into use in 1984. The second phase is expected to be put into use in 1990; therefore, the Ap Lei Chau Power Plant is expected to withdraw from the stage of history in the early 90s, and will be developed by Hutchison Whampoa to provide about 10000 residential units.

At the beginning of the year, Evergrande Real Estate had reached an agreement with Huarun Group to develop this large-scale residential land of about 420 million square feet; Evergrande Real Estate guaranteed that Huarun Group would obtain at least The profit of 10 billion Hong Kong dollars, if it exceeds this profit, Evergrande Real Estate will increase its share step by step; for example, Huarun Group makes a profit of more than 10 billion Hong Kong dollars, and Evergrande Real Estate’s share increases from 49% to 75%; Huarun Group makes a profit 20 billion Hong Kong dollars, the Evergrande real estate share was further increased to 80% (the total profit of this project in history was 175 billion).Kingswood Villas will be the largest residential project in Hong Kong's history, and its development is so difficult that only the strength of Evergrande Real Estate will dare to take over it; after the development is completed, it will be able to provide 15000 residential units; the entire project is expected to be completed in 10 years. Sale in installments.

For the 'Huijing Garden' on the Lantian Metro Station, Evergrande Real Estate and CITIC bid together, which can cover 20 residential complexes with 28 to 34 floors, and can provide about 4100 units.

The four major housing estate projects have a total area of ​​750 million square feet and can provide a building area of ​​3000 million square feet, including more than 4 residential units, with an estimated total investment of HK$185 billion.

Lin Rongheng came to Admiralty Oriental Plaza, which was the world-famous 'Pacific Place' in the previous life, and ranked among the top ten luxury shopping places in the world; in this life, Lin Rongheng naturally couldn't make Swire Pacific bigger, with 8 million Hong Kong dollars and 13 28.8 million Hong Kong dollars, respectively, won the No. [-] and No. [-] plots of the Dolly Barracks, with a total of [-] square feet of Admiralty Land King.

After spending 21 billion Hong Kong dollars, Lin Rongheng spent another 25 billion Hong Kong dollars in construction costs, plus the huge decoration and bank interest in the later period. The entire project is expected to cost nearly 60 billion Hong Kong dollars, far exceeding the previous life of Taikoo's more than 50 billion.

At present, the first phase of the Oriental Plaza has entered the late stage and is expected to be completed next year (1989), and the second phase of the Oriental Plaza is expected to be completed in 1991.

With a safety helmet, accompanied by Zhang Ruohuai and others, they inspected the Oriental Plaza project.

"I am very satisfied with the progress, pay attention to the construction quality!"

"Don't worry, boss, you'll save on materials, we promise to build a first-class project!"

Lin Rongheng nodded. Lin Rongheng has always been generous in his family's business.

Wharf currently has three major projects in Hong Kong: Harbour City, Times Square, and Oriental Plaza.

Preparations for the redevelopment of Harbour City have already begun. The redevelopment will be divided into two phases:

The first-phase reconstruction plan of Harbour City is to rebuild two high-end residential buildings into two 2-storey Gateway Buildings, which are expected to obtain 38 million square feet of commercial buildings; the original recreational facilities will be reconstructed in the first phase It is expected to start in 120 and be completed in 1989.

The second-phase reconstruction plan of Harbour City is to rebuild three high-end residential buildings into three 3-storey Gateway Buildings, with an estimated commercial building of 46 million square feet; the second-phase reconstruction is expected to start in 280, Completed in 1991.

The rebuilt Harbour City is expected to have a total property area of ​​950 million square feet, all of which are commercial rental areas.

Times Square is expected to be completed in 1989, with a rental area of ​​260 million square feet.

Oriental Plaza is expected to be completed in 1991, with a rental area of ​​500 million square feet.

The entire Wharf Group's investment property portfolio will be as high as 1700 million square feet, excluding overseas and mainland investments.

(End of this chapter)