Year: I had a good time when I was young

Chapter 821: One Place, Three Uses

After listening to He Chaosheng's complaints, Chu Xiangqian knew very well that this guy was just jealous of Zheng Yutong.

After all, if 42.5 tons of gold are used as Chow Tai Fook's gold reserves, no jewelry company in Hong Kong Island, or even in the whole of Southeast Asia, will be able to match Chow Tai Fook's hard power in the future.

If Zheng Yutong took advantage of this fame and lowered the gold price a little, it is foreseeable that in 64, Zhou Dafu's business would be much better than in previous years.

It is possible that the turnover may even double.

As for the net profit, although it is a little less, overall the profit is definitely more.

It can be said that Zheng Yutong won a great victory by inviting Chu Xiangqian to invest in Zhou Dafu.

Even the market value of Zhou Dafu suddenly exceeded 1 to 30 million US dollars last year because Chu Xiangqian was willing to use million US dollars to purchase only % of the shares.

Of course, Chu Xiangqian did not give cash, but instead provided rough diamonds worth 3 million US dollars and gave them to Zhou Dafu to sell.

But he only got back US$1500 million, which was equivalent to spending US$1500 million to buy 30% of Zhou Dafu's shares.

This is of course a win-win for Zheng Yutong and the Zhou family. Anyone who doesn't agree is a fool.

For Chu Xiangqian, he did suffer a loss in the short term, but he naturally made a lot of money in the long run.

Otherwise, Zheng Yutong and the Zhou family would not have agreed to give Chu Xiangqian 30% of the shares.

If the company goes public in the future, it will need to invest at least 25% of its shares in the stock market.

Even if Chu Xiangqian lost a quarter of his shares, he still had 4%. Once he quietly acquired shares in the stock market, he could easily increase his shares to 22.5%.

By then, unless Zheng Yutong and the Zhou family’s shareholding can reach 51%, Zhou Dafu will most likely have to change his surname to Chu.

So there is no problem in introducing partners, but bosses who directly sell 30% of shares to partners are really rare.

Of course, this does not apply to the early stages of a business.

Fortunately, Chu Xiangqian never thought of taking over other people's property, and he didn't have enough energy to take care of Zhou Dafu.

It would be better to let Zheng Yutong work for him. Just 22.5% of the shares will be worth tens or even hundreds of billions of dollars in the future.

The results also proved Zheng Yutong's vision and courage.

At the same time, Chu Xiangqian's reputation is unparalleled in Hong Kong Island, and more people want to cooperate with him or be his followers.

Unfortunately, Chu Xiangqian has always been unenthusiastic, even cold, towards strangers.

Seeing that He Chaosheng had complained, Chu Xiangqian certainly would not favor one over the other.

But he would not take out dozens of tons of gold again, not to mention that the gold was actually used as a reserve margin for shorting the pound.

So Chu Xiangqian thought about it and soon had an idea.

In the future, not only will there be greyhound racing events in Macau, but someone will also open a horse-drawn carriage racetrack in Macau.

These two events once forced the Hong Kong Jockey Club's performance to drop by 40% to 50%.

Unfortunately, although dog racing was popular for more than 20 years, it gradually declined.

To some extent, dogs and racehorses are naturally incomparable in terms of profit.

As for the chariot race, Chu Xiangqian knew as soon as he heard it that this event would not last long.

Who would want to watch horse racing when there is horse racing to watch in Hong Kong Island?
But this also made Chu Xiangqian realize that although Aomen is very small, it is not even as big as a town in the Celestial Empire.

But there is still a lot of idle land in Macau.

Moreover, the land in Macau is much cheaper than that in Hong Kong Island.

But the development prospects are not much worse than those of the prosperous areas of Hong Kong Island.

In the future, there will be a super rich man in Macau who owns land reserves of 33.6, 53.8 and 443.4 square meters in Hong Kong Island, Macau and China respectively.

These lands alone made the other party the capital of Macau for a time, with assets worth tens of billions.

But it is not a good time to develop real estate in Macau at this time. After all, the economy of Hong Kong Island has just entered the fast lane.

The development here in Macau will be slower.

So Chu Xiangqian quickly thought of using big projects to grab land.

However, since the greyhound racing and horse carriage projects were doomed to fail, Chu Xiangqian thought about it for a moment and thought of the future of the Australian Formula One racing car.

This investment will not only not conflict with the Hong Kong Jockey Club, but to some extent will also complement each other.

The Jockey Club can attract tourists, but racing is definitely more attractive to tourists and local people from Hong Kong and Macau.

Moreover, the land required for a racing track is much larger than that required for a Jockey Club.

After figuring it out, Chu Xiangqian smiled and said to He Chaosheng, "If I build a car rally track in Macau, will those Portuguese ghosts agree?"

He Chaosheng was stunned. Zheng Yutong, Nie Wanlong beside Chu Xiangqian and the brothers He Zanyuan and He Zanxian who had already walked in also had surprised expressions on their faces.

But if you think about it carefully, if a world-class race track is really built, there will definitely be more tourists coming to Macau in the future.

And several people quickly guessed that Chu Xiangqian's goal was land.

Aomen is not even as big as a town, so no matter where the stadium is built, it will not be far from the bustling area.

The land prices around the stadium will surely soar after it is built.

Even with the geographical limitations of the Hong Kong Olympics, although the track is noisy during the competition, the land prices tend to become more expensive.

If this happened in Europe and the United States, the foreigners would definitely not understand the thoughts of the Hong Kong people and the local people of Macau.

But the fact is that housing prices around Happy Valley Racecourse are much more expensive than other places.

For hotels of the same type, room rates are at least 30% more expensive. If they are sold as a whole, the price can be 50% or even double that.

Chu Xiangqian could have used the land to build the stadium and at the same time asked for more land to build residential buildings.

After all, his investment in building the stadium would cost at least hundreds of millions. With such a huge investment, he asked Macau to give him more land to make up for the loss. I believe it is unlikely that the foreigners would refuse.

At worst, we can give the foreigners more benefits.

After the land was acquired and construction of the stadium began, there was no rush to build residential buildings.

The dark spots in the center are divided into 10 years, 5 phases, or even 20 years, 10 phases to build residential communities.

Just by waiting for Macau to develop and selling houses, the return can be at least 10 times, or even dozens of times.

There is a precedent for this. Not to mention that the Happy Valley Racecourse was once a wasteland, it has now become the area with the most expensive land prices.

The two brothers, Da Ma and Xiao Ma, together with Zheng Yutong, He Chaosheng and several other second-generation members of Hong Kong's Olympic elite families, set up a dog racing track in an almost abandoned stadium in Kowloon. The surrounding land prices have almost doubled in the past two years.

Zheng Yutong and He Chaosheng also relied on this project to double their funds in the past two years.

As for the site selection issue, as long as the investment funds are sufficient, the foreigners will definitely not mind granting Chu Xiangqian some undeveloped land.

Even though they knew that Chu Xiangqian wanted to make money from the residential buildings, it was impossible to give all the land around the stadium to Chu Xiangqian.

Use his money to increase land prices, boost the economy, and increase the number of tourists, so that foreigners and local Macau people can earn more.

It’s just that Chu Xiangqian is smart, and the others present are not stupid either.

As the head of a prominent local family in Macau, He Zanxian suggested without hesitation, "Mr. Chu, let's make money together. Don't forget to help us friends."

Chu Xiangqian shrugged, the idea of ​​building a racetrack was just a spur-of-the-moment idea.

But he also knew that he couldn't do it alone. The brothers He Zanyuan and He Zanxian were the heads of the most famous and prestigious families in Macau.

The construction of the Great Wall Hotel started smoothly and was completed in a little over a year without anyone causing any trouble.

In addition to He Chaosheng's family, which is also a large family in Macau, the connections of brothers He Zanyuan and He Zanxian also played a big role.

Moreover, there are still many undeveloped areas in Macau at this time.

But Chu Xiangqian was still unwilling to choose the land south of Aomen. Although it was not far from the central area, the closer to the central area, the better.

As for land prices, they will be more expensive, but there will be more room for house prices to rise in the future.

At the same time, it was only in the 6s and 70s that it was possible to buy 2 square kilometers of land in Macau specifically for the construction of a professional racing track.

After all, the entire Macau is only 32.8 square kilometers.

And 2 square kilometers is a total of acres of land.

If calculated based on a circle with a circumference of 5 kilometers, the area of ​​this circle is exactly 1.9 square kilometers.

So for Chu Xiangqian, 2 square kilometers of land is the best. If he really can't buy such a large piece of land, then he will have to have a square with a side length of 1 kilometer.

The 4km track is at least not at the bottom among the top ten Formula One tracks in the future.
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After He Zanxian finished talking about wanting to form a partnership, He Chaosheng took the lead and said, "Mr. Chu, there is a piece of land on Lianhua Road west of the Great Wall Hotel that can be used to build a golf course.

We can definitely take over the project in advance and use it to build the stadium while no one is willing to take it on."

Chu Xiangqian's face lit up with joy. Thinking carefully, he realized that he had actually seen that piece of land.

The only problem is that there are three or four mustaches mixed in between the grass and the woods.

It is indeed very suitable for building a golf course, but if it is used to build a competition venue, the cost will definitely be higher.

But that area is not far from the beach on the left and only one block away from the central area. It will indeed be considered a good second-rate place in the future.

But looking at it from another perspective, the racetrack doesn't require that much land.

The outer circle is the racing track, so we avoid several lakes. As for how to add turns, it is actually not difficult.

It just consumes a little more land, and not much is wasted.

A golf course was built on a large area of ​​land within the racetrack, and the lawns, woods and small lakes immediately became unrelated to the racetrack.

There is no need to worry about foreigners or locals refusing to buy the land because they think it is suitable for building a golf course.

However, there is simply not enough land for a golf course to be used.

It is entirely possible to construct functional buildings for the competition, such as rest areas, viewing areas, repair areas, etc., and the remaining land can be used to build leisure villas, hotels, or even mobile high-rise residential buildings.

Or simply don’t build residential buildings, but instead build office buildings and rent them out.

The events and competitions are all held during the day and do not affect the residents and hotel patrons' rest at night.

As for the office building, we will try to hold future events on weekends.

If it really doesn't work, there's nothing we can do. Since you're willing to live there and use it as your office, you must understand in advance that it will affect your work on the day of the game.

If the tenant still wants to rent the property even though it is like this, then that is the tenant’s own problem.

This design of three uses on one piece of land can maximize the utilization rate of land.

Maybe it will become a landmark building in the future.

The more Chu Xiangqian thought about it, the more he felt that there was a way to do it. Of course, this was just his initial idea.

It is definitely necessary to invite professionals to evaluate it.

As for the cost, Chu Xiangqian chatted with He Zanyuan, He Zanxian and He Chaosheng for a while and quickly determined that the land was definitely more than 3 acres.

Maybe even four thousand acres.

However, since it is quite close to the central area, He Zanxian estimated that the land price would not be less than HK$10 per acre.

If all 4 acres of land were acquired, that would be 4 million Hong Kong dollars.

Even if we only take 3 acres, it would cost 3 million.

Otherwise, there wouldn't have been so few people willing to buy that land after the Portuguese wanted to build a golf course.

But if the foreigners were asked to build it themselves, they would not be willing to spend such a large sum of money to build a stadium with a very low return rate.

Of course, a golf course doesn't require that much space.

But even the 72-975 acres of standard 1125-bar land is still too expensive for He Guilao, a local wealthy man in Macau.

There are certainly people who can come up with hundreds of millions of Hong Kong dollars, but it would take too long to recoup the investment just to build a golf course.

If one is not careful, a family that was once wealthy can easily go into decline due to year-on-year losses.

Moreover, acquiring the land is only part of the investment; professional tracks are very expensive.

Including the ancillary buildings, golf course construction and office building construction, the final total investment will definitely not be less than 4 million.

5 million is not impossible.

For a moment, except for Chu Xiangqian, everyone else looked embarrassed.

Chu Xiangqian didn't care about other people or how much cash he could take out.

Focusing his attention on the Novice Village warehouse, a rough calculation revealed that there were more than 200 million US dollars in cash.

Converted into Hong Kong dollars, it is almost 9 million.

If it remains unused like this, it will depreciate by 5% every year.

Spending money to buy land is also a project that can make money with your eyes closed.

But Chu Xiangqian suddenly thought, why spend so much money to build a racing track in Macau?
It can definitely be built on Hong Kong Island!
As soon as this thought came to his mind, Chu Xiangqian couldn't help but feel moved.

If the news spreads from Macau to Hong Kong Island first, the people in Hong Kong will become anxious.

Otherwise, I would have to go and discuss the project with the foreigners in Hong Kong Island, even if Harder from the Chief Secretary and Nelson from the Land Office agreed.

Those foreign businessmen and politicians who run companies and engage in politics in Hong Kong Island will inevitably be jealous and want to get a piece of the pie.

They might even just take the project away.

This is really not impossible. Even if Chu Xiangqian has a good relationship with the royal family, when it comes to interests, capitalists will not care whether you are a princess or a prince.

Anyone who prevents them from making money will be defeated even by God.

Chu Xiangqian immediately felt that this matter needed to be handled in a roundabout way.

Moreover, the most favorable situation would be if Hong Kong and Macau competed to win over me.

Seeing that the He brothers, He Chaosheng, and Zheng Yutong were still thinking about where to find the money, he smiled and said, "Okay, this matter can't be rushed, and it's impossible to wait for a month or two to complete it.

After the Lantern Festival, we will get together to discuss this when we attend the opening ceremony of the Great Wall Hotel."

After saying that, Chu Xiangqian looked at He Chaosheng again, "Ah Sheng, I'll have to trouble you to ask the Portuguese for their opinion in the next few days. If possible, I want all the 4 acres of land.

As for the price, think of more ways, understand?"

(End of this chapter)