Hong Kong's new giants

Chapter 554 [I don't lie]

As Jingwei Capital sent "Cyberport Feasibility Reports" to the Hong Kong government one after another, the planning became more and more clear, and the Hong Kong government finally decided to discuss it seriously.

At the meeting of the Legislative Council, everyone was more inclined to agree with the establishment of the 'Cyberport'. In their view, selling the land to Lin Zuhui would allow the Hong Kong government to obtain a sum of financial revenue; as for the success of the Cyberport, it was up to Lin Zuhui' The fat-pocketed 'rich' go for it.

It was successful, and the Hong Kong government has contributed to it, and approved the project!

If it fails, the Hong Kong government has money to make, and a large land sale fee can alleviate the loss of the current decline in official land.

Of course, this matter still needs to be communicated with the Mainland authorities, but members of the Legislative Council of the Hong Kong Government believe that with Lin Zuhui's face, there is no problem with the Mainland's agreement.

Fat Peng took a look at the chief secretary he had appointed, she was the first Chinese chief secretary in Xiangjiang, and because of this, she followed her own ideas instead.

The Chief Secretary immediately understood that her superiors had already communicated with her, so she said, "This is a government project, how can it be handed over to private developers. What if the private developers just use the name of technology to develop real estate, We can make a lot of money on this project. Therefore, I suggest that the Hong Kong government also participate in the equity participation. We will provide the land and private developers will pay for the construction costs. At the same time, we must emphasize that the rental price of residential and office buildings should not exceed half of the urban area, so that It is truly beneficial to the development of Xiangjiang.”

Representatives were quickly persuaded because it made perfect sense.After all, real estate developers are greedy, even Lin Zuhui is not enough to trust them.

From everyone's point of view, with Lin Zuhui's shrewdness, it is indeed possible to use the concept of "Cyberport" to make a fortune in real estate.Because this project has a floor area of ​​585 million square feet in the latest plan, of which the residential floor area alone is as high as 380 million square feet, the office building is 150 million square feet, the retail area is 30 square feet, and the hotel is 25 square feet. ruler.

For such a huge project, even if the land is sold at a higher price, Lin Zuhui may still make a lot of money because there is no competition.

As for the so-called "Cyberport" to develop emerging technology industries, everyone is not sure that Hong Kong can develop, but they think it is a good thing.

Some MPs said: "It should be true. If private developers agree to cooperate, we can control the price of office buildings at half the level, and then our Hong Kong government and private developers will cooperate to set up a committee. Only real technology companies can Staying in the Cyberport, this can be regarded as our Hong Kong government supporting emerging technology industries.”

Everyone thought it made sense, but they didn't say that they would take out the land for bidding, after all, it would be easy to offend Lin Zuhui; this is not the most important thing, the important thing is that this project needs Lin Zuhui to communicate with the mainland officials, and also needs a leader like Lin Zuhui Leading such a huge project.

In Hong Kong, no one is more suitable for this project than Lin Zuhui. Everyone knows that Lin Zuhui has invested in Xiaomi technology, game development, software development and other industries. It is said that he has also established a venture capital fund in the United States.

It can be said that without Lin Zuhui, everyone has no confidence at all to do this project well!
Fei Peng finally said: "Okay, since this is the case, then we agree to continue the research. The Hong Kong government will set up a project team to communicate with private development."

He just wanted to agree to this project, because it was one of his political achievements, delivered to his door; therefore, he arranged for the chief secretary to present his ideas.After all, although he is a Hong Kong boss, he still has to consider the opinions of the Legislative Council.

Generally speaking, if the Legislative Council agrees, Hong Kong and Hong Kong D will also agree.

As the Hong Kong government intends to cooperate with Lin Zuhui's private investment company on the "Cyberport" project, the Hong Kong media also got the news one after another, and began to report wantonly, which immediately pushed Lin Zuhui to the forefront of public opinion.

The media and public opinions have expressed their opinions one after another, but it seems that most of the 'experts' and 'critics' have expressed their disapproval, thinking that Xiangjiang is not suitable for the development of high technology.

Greater public opinion is yet to come. The Hong Kong government has kept the "Cyberport" plan secret beforehand. After the plan was announced, the nine major real estate developers woke up like a dream. At this time, Lin Zuhui had already taken the lead. .

Since Lin Zuhui obtained the development right of "Cyberport" by way of free land grant, which is the first time in Hong Kong (subordinate social organizations are not counted), it naturally attracted suspicion from many people. The attacks followed, and the Hong Kong media also criticized the Hong Kong government.

Although the Hong Kong government has repeatedly emphasized that this is a high-tech project, public opinion believes that since more than 6% of the buildings are residential buildings for sale, "Cyberport" is just a fancy name for real estate.In this way, Lin Zuhui got a lot of benefits. He only needs to use a small amount of funds (the construction fee can be sold through loans and installments), and he can have 380 million square feet of residential development rights and a large number of office buildings. You can earn 50 billion Hong Kong dollars (half and half with the Hong Kong government), no wonder the public opinion is wary.They are also worried that once the example of free land grant is made, it will become an excuse for everyone to follow suit in the future.

In the "Cyberport" plan, the nine major real estate developers (including Cheung Kong, Henderson Land, Sun Hung Kai, Swire, Hong Kong Land, New World, Hysan, Hang Lung and Great Eagle) did not get any "oil and water", and their attitude became more intense up.They accused the Hong Kong government of changing the rules of the game of buying land with cash, and granting land through private negotiation is partial.And the price per square foot of leased office buildings is only half, which is far lower than the rental price of their launched office buildings, which hurts their interests and has a great impact on them. These have made several major developers very angry.

Lin Zuhui didn't expect such resistance. He had a good communication with the mainland officials, but he didn't expect that the major real estate developers and public opinion in Xiangjiang would make a fuss.

To be honest, his original intention was that the Hong Kong government approved the land to be sold to him, and the Hong Kong government intended to participate in the development.Of course, Lin Zuhui is not stupid, it is the Hong Kong government who wants to come in to get a share of political achievements and money.

However, after the Hong Kong government and the Mainland expressed their support, unexpectedly, real estate developers in Hong Kong became noisy again.

In business talk business, Lin Zuhui can understand their thinking.But it doesn't prevent Lin Zuhui from labeling them as "short-sighted", because Lin Zuhui knows that this project really can't make money.

It seems that there are 380 million residential buildings, but after the Asian financial crisis, Hong Kong residential buildings fell by 60~70%, how can we make money?

As for office buildings, the rent is only half of that in the urban area, and they don't make much money!

Even if the house can be covered up and sold when the real estate recovers, the annual interest generated during the period will still be expensive.

So, soon Lin Zuhui conveyed his voice through the media.

First, his idea at the beginning was that the Hong Kong government would sell the land to him, and his own private investment company would develop it. It was the Hong Kong government who was responsible for this project, so it was willing to give up the high land sales fee, participate in it, and contribute to the development of Hong Kong. contribute.

Second, I am not optimistic that this project can make a lot of money. If there are developers who are willing to join, I welcome it; anyone who is interested in investing can take a share, but the project is jointly led by Jingwei Capital and the Hong Kong government.

Soon, Lin Zuhui's remarks were reposted in the media one after another, and it was very lively again for a while.

It can be said that the public opinion has once again turned its direction and favored Lin Zuhui's side, because:

The first point is that Lin Zuhui’s meaning is very simple. He is not short of money and can buy land for independent development. The Hong Kong government believes that this project needs government supervision, so it is involved.

For the second generation, this project 'doesn't make a lot of money', everyone is interested in investing, and Lin Zuhui welcomes it.

For a while, the nine major real estate developers also started discussing.

New Era.

Zheng Jiachun said to Liang Zhijian: "I know him, he said that he doesn't make money, maybe he really doesn't make money!"

Liang Zhijian said suspiciously: "There is no reason not to make money. The selling price of 380 million square feet alone is about 180 billion; the construction cost is 80 billion, plus taxes and interest, the cost of 120 billion is enough! Hotels, The rent of office buildings and retail parts is also expensive every year.”

Zheng Jiachun also thought about it immediately, and said: "Maybe he is not optimistic about the future of Xiangjiang. Of course, it is also possible that the rent will be used to develop the technology industry of Cyberport. Therefore, this project really cannot make a lot of money!"

Liang Zhijian had no choice but to say: "The general manager means that we will not participate?"

Zheng Jiachun nodded and said, "Forget it, my father also meant the same thing. After all, with Lin Zuhui's power, even if everyone is not allowed to join, it's not the same as reaching a cooperation agreement with the Hong Kong government after two days of trouble."

Liang Zhijian thought, this is really the case, everyone is making trouble, but if the Hong Kong government signs a contract with Lin Zuhui, what can everyone do?

"Okay! But the rent is only half of the urban area (half of Wanchai), which really hits the property market!"

"I can't say that. Lin Zuhui is the largest rent collector in Xiangjiang, and he is the one who suffers the biggest losses. Fortunately, there is only a 150-square-foot office building, so the impact will not be great."

Like the Zhengs and his sons, there are still several real estate developers who suddenly felt that they would not make much money by joining this project (under control, and the current real estate price is declining), so they all stopped speaking out to show that they would not participate.

Those who still think that this project can make a lot of money include Hysan Land, Cheung Kong, Hongkong Land, Sun Hung Kai, and Great Eagle. They openly hope to participate in it.

Lin Zuhui saw that they were all companies that were not very 'friendly' to him, so they didn't trust themselves, and immediately decided to pull everyone into the water and make a contribution to Xiangjiang's technology industry.

He also entrusted this project to New Era Group. After all, it is meaningless to entrust Jingwei Capital to do it.

Assuming that the project started in 1995, it is obvious that the first phase of off-plan housing could still be sold in 1997, but after that, the Xiangjiang house was adjusted from 8000 to 10000 yuan per square foot to about 3000 to 4000 yuan per square foot, and this project will no longer be available. If the profit is too large, it may be a small profit, or it may be flat.

But in any case, Lin Zuhui's goal is a "digital city", office buildings can attract technology companies to settle in, retail areas can sell electronic products and electronic parts, hotels can attract guests, and residences can provide residences for technology personnel.

As for whether large companies can enter the Cyber ​​City, I believe that with Lin Zuhui's connections and his own industry, it is many times better than that of Li Zekai in his previous life.

The New Era Group quickly set up a project, and of course absorbed the project team and materials from Jingwei Capital, and quickly entered the state.As for those real estate developers willing to join, Lin Zuhui gave them 25% of the shares, while New Times Group owns 30%, and the remaining 45% is held by the Hong Kong government.

After the Cyberport is completed, of course it will be operated independently as a company. Lin Zuhui's original intention is to consider the development of Hong Kong.

(End of this chapter)