People in Hong Kong create super chaebols

The recovery of Hong Kong's real estate sector has welcomed the whole nation.

We have all been patient for more than two years, and now we can finally see the light at the end of the tunnel.

Over the past two years, as the impact of the oil crisis has gradually dissipated, everyone's brokerage conditions have actually begun to improve.

It’s just that no one knows what the future of Hong Kong will be like, especially things like property deeds, so no one dares to buy, for fear that they will be greatly affected after buying.

Now that the "Joint Statement" has come out, everyone is finally no longer afraid.

So, revenge consumption comes.

These people began to enter the real estate industry, continuously pushing up housing prices in Hong Kong.

Especially with the secret promotion of real estate companies that have been depressed for more than two years, the hype is even more intense.

The profits of real estate development companies under Suzhou City, such as Hutchison Property Company, Su's Property Company, and Swire Properties, also began to soar.

Although they own many properties mainly for rental, not all of them are rented out, and some also need to be sold.

For example, these companies have bought a lot of government land and plots of land in the past two years. It is impossible to build commercial buildings on all of these plots; some of them are also used to build residential buildings.

Residential properties are not as easy to rent as commercial buildings, especially when an entire community is occupied by companies, which can be difficult to rent out.

Moreover, all of them are mainly rented out, but the funds collected from rent are too low and the capital recovery rate is too slow.

Therefore, this type of product is very suitable for selling and using to recover funds, so that it can develop better.

Otherwise, it would be like the former Wharf Group, because most of the funds were tied up and the funds were recovered slowly, which led to low profits and low stock prices. Li Ka-shing secretly took the opportunity to absorb shares, and was eventually successfully acquired by Bao Yugang.

February 1985, 2, it was another Spring Festival.

During this year's Spring Festival, the Su family villa is still bustling with activity.

Basically all the bigwigs in Hong Kong came to visit.

Even the Governor, Mr. Youde, came to visit in person.

This shows how high Su Cheng’s status is in Hong Kong today.

During the Chinese New Year, apart from greeting the heads of various companies, Su Cheng spent most of his time at home with his family or chatting with visiting bosses. His days were very fulfilling.

As March came, the atmosphere of the Spring Festival gradually dissipated and everyone went back to doing what they were supposed to do.

On March 3th, the traditional Chinese festival Lantern Festival, Su Cheng appeared in the president's office of Hutchison Whampoa Group.

Sitting opposite him was Mr. Wei Li, the famous Hong Kong working emperor.

From 1975 to 1985, Mr. Weeley had been in charge of Hutchison Whampoa for more than 10 years.

Under his leadership, Hutchison Whampoa has grown steadily and rapidly over the years.

Although most of the reasons are due to Suzhou, otherwise Hutchison Whampoa would not have achieved its current results.

However, without Weeley, Hutchison Whampoa Group would not have achieved such success.

His achievements are also very great.

Therefore, Su Cheng has never been stingy and has always paid high salaries to talented people. People like Wei Li and Yang Chaoye earn over 100 million Hong Kong dollars a year, while others like Chen Zhibai and Li Yihui earn at least tens of millions of Hong Kong dollars a year.

This is simply impossible for professional managers in other companies in Hong Kong.

Among the professional managers who have followed Su Cheng for a few years, none of them are not billionaires, and some even have an income of more than 500 million Hong Kong dollars.

The more you work, the more you get. If the treatment is not good, who will keep working for you?

And their income, compared with the income of Su City, is just a drop in the bucket.

This is also the reason why none of these people, who are already billionaires, go out to start a business.

It is difficult to earn such income by starting a business.

All of their incomes are regular incomes, and if there is any corruption, Su Cheng will usually know about it very quickly.

Although Su Cheng seems not to care much about the companies, he actually has a lot of informants in each enterprise, and these informants don't know each other's identities.

The department that Su Cheng keeps the closest eye on is the finance department of several companies. If there is any problem, the finance department will be the first to feel it.

"Boss, the first phase of the Hung Hom CBD project, which has been planned for six years, is finally going to be completed." Wei Li said with emotion.

In 1978, Suzhou City successfully won the Hutchison Whampoa Group.

Later, as the funds increased, he began to have special ideas about the Huangpu Dockyard land.

I have the impression that in another parallel world, after acquiring Hutchison Whampoa, Li Ka-shing developed the land of Whampoa Dock and eventually turned it into the famous Whampoa Garden.

Whampoa Garden has 12 phases, of which Phases 6 and 8 are shopping malls and the rest are residential. There are 88 residential buildings with 16 floors in total, providing a total of 10 units and a total area of ​​431 hectares.

It can be said that this piece of land is very large.

However, after Su Cheng acquired the land, he had no intention of turning it into a residential area.

After long talks with the Hong Kong government in 1981, an agreement was finally reached with the government to pay a land premium of HK$2.3 million and an additional HK$1 million for road construction costs, which ultimately converted this industrial land into commercial land.

After the land use nature was successfully changed, Su Cheng later handed the land over to Mr. Bei for design.

His request was simple: to develop the Hung Hom area into a CBD like Central.

After all, the Hung Hom area is not bad. It is right on the coast of Victoria Harbour, across the sea from the Central District, and next to Tsim Sha Tsui.

Although there is the famous Hong Kong Kai Tak Airport next door, the new airport has already been decided and will be built on Lantau Island, so relocation is only a matter of time.

In addition, the Huangpu Dockyard is not a waterway and will not be affected by the height limit at all.

Tsim Sha Tsui and Hung Hom already have many high-rise buildings, so building a CBD here will not have any impact at all.

After design work by Mr. Pei and his team, the design drawings of Hung Hom CBD were finally completed at the end of 1981.

This design was supported by the then Governor-General, Mr. MacLehose.

During the real estate crisis, Suzhou City deliberately acquired several plots of land near Hung Hom, and eventually controlled 50 hectares of land.

That's a full 0.5 square kilometers. Considering the extremely high land price in the southern part of Kowloon Peninsula in Hong Kong, the value of this piece of land is immeasurable.

Among them, there was a piece of land that was bought from Li Jiacheng, that is, the land in Yingni, Qingzhou.

Originally, Li Jiacheng was unwilling to give up, as he thought he could do better with his own development. However, Sucheng later raised the land price, and Qingzhou Yingni Company also had to relocate, so Li Jiacheng reluctantly sold the land to Sucheng for Sucheng's sake.

Therefore, Suzhou City has opened up the land near Tsim Sha Tsui in Hung Hom, forming a large connected plot of land.

These lands even include a small portion of land in Tsim Sha Tsui.

Since the Hung Hom CBD is not small in size, it was eventually divided into five phases for construction, with a total of 5 skyscrapers ranging from 45 meters to 120 meters in height. In addition, there is a 260-meter-high skyscraper and a comprehensive commercial building covering an area of ​​388 hectares. The total investment is as high as HK$3 billion.

It can be said that once this plan is successful, it will be priceless.

At the same time, it also makes Hong Kong's urban landscape skyline more beautiful.

Now, the first phase of 9 skyscrapers have finally been completed!
This is indeed news worth celebrating.

"Let's go over and inspect it while we have some free time today!" Su Cheng said with a smile.

"Boss, that's exactly what I meant!" Wei Li nodded and smiled.

This is a very spectacular plan, and it has the support of the Hong Kong government, so everything from planning to construction went very smoothly.

For the Hong Kong government, Suzhou spent a lot of money to convert these industrial lands into commercial lands.

For the sake of money, the Hong Kong government will naturally give strong support.

It is not very far from Tseung Kwan O to Hung Hom. Now Tseung Kwan O has opened the Mao Wu Shan between Tseung Kwan O and Kwun Tong, making travel more convenient and time-saving.

A convoy set out from the Tseung Kwan O headquarters base and after a twenty-minute journey, finally arrived at the Hung Hom CBD Phase I project.

It turns out that this was the land of the Huangpu Dockyard.

When Su Cheng got off the bus, he immediately saw nine tall buildings standing in front of him.

Some are over 100 meters high, some are over 200 meters high, and the height of each building is different. The staggered design makes it look more beautiful.

If all high-rise buildings are designed to be of similar height, then this beauty will be greatly weakened.

"Boss, this is our plan." Wei Li handed a plan to Su Cheng so that he could refer to it.

Su Cheng nodded, took the plan, and then compared it with the actual scene.

Each building has a unique name, and it is very poetic.

Genting Grand Laguna, "Genting" symbolizes the towering characteristics of the skyscraper, while "Grand Laguna" conveys an atmosphere of dignity and luxury.

Skyline and Colorful Building: "Skyline" directly refers to the height of the skyscraper, while "Colorful" represents the magnificence and colorfulness of the building.

Starry Tower Building: "Starry" is used to describe the skyscraper as bright as stars in the night sky, while "tower base" emphasizes its identity as a landmark building.

Shengshi Jingxuan Building: "Shengshi" represents an era of prosperity and prosperity, while "Jingxuan" implies the sophistication and elegance of the building.

Lingyun Cuige Building: "Lingyun" expresses the towering and majestic characteristics of the skyscraper, while "Cuige" adds a touch of nature and freshness.

Yufeng Xuanyu Building: "Yufeng" symbolizes the tallness and stability of the skyscraper in the wind, while "Xuanyu" emphasizes its grandeur and spacious sense of space.

Ruijing Peak Tower: "Ruijing" implies auspiciousness and beautiful scenes, while "Peak" directly refers to the skyscraper's supreme status in the city.

Glorious Tianque Building: "Glorious" conveys the magnificence and splendor of the skyscraper, while "Tianque" symbolizes the palace in the sky, implying the dignity and extraordinaryness of the building.

Dream Cloud Court Building: "Dream" represents people's beautiful vision for the future, and "Cloud Court" implies that the skyscraper is like a courtyard above the clouds, a place full of dreams and hope.

The 9 buildings stand there, facing the buildings on Xiangjiang Island opposite.

In Central, the world's tallest building, the 556.6-meter Hong Kong World Trade Center, has been completed for many days, which has greatly improved the appearance of Central.

As for other buildings in Central, to be honest, the nine buildings in the first phase of Hung Hom CBD are not inferior to those in Central, and some are even better.

Since successfully taking over the Jardine Matheson Group, Su Cheng has actually become the largest landlord in Central.

These were all grand designs constructed by the former Jardine Matheson and Land Development Group, which ultimately came cheap to Suzhou City.

Today, a new financial business circle is being built diagonally opposite Central.

The following is a slightly modified version of the paragraph you provided, making it more fluent and in line with Chinese expression habits:
It can be said that the most prosperous and central areas of Hong Kong are almost all controlled by Suzhou.

Such a thing is simply unimaginable for others. Even the former Landmark Group could not do it.

However, Sioux City did it.

Not only that, Suzhou also owns a large number of properties in prosperous areas such as Causeway Bay, Wan Chai and Tsim Sha Tsui.

These properties were purchased decisively by Suzhou's companies when the real estate crisis hit.

Faced with the crisis, many people were worried and afraid, but Su Cheng was not afraid at all.

Buying is his strategy for dealing with crises.

Putting down the design drawings, Su Cheng said with a smile: "Let's go, let's go for a tour, let's go to the Xinghui Tower Building."

This building, which is 236 meters high, is the tallest among the nine buildings. Several other buildings are built around it like guards.

Therefore, this building can be regarded as a landmark building of the Xinghui Tower Complex.

Of course, after the five phases are developed, the Xinghui Tower will seem a little ordinary. The 388-meter-high skyscraper will be the landmark building of Hung Hom CBD and will be located in the center of the 50-hectare land.

Adjacent to the skyscraper is a 3-hectare super shopping mall, which Suzhou City plans to build into a commercial landmark comparable to Harbour City.

As to whether this super mall will be able to attract as much money as Harbour City in the future, it is still uncertain at present and will only be revealed after it is completed.

According to the plan, the development cycle of Hung Hom CBD will last 15 years and it is expected to be officially completed by 1996.

Although it is still a long way off, if we don’t start construction, who can predict the future results!
The Xinghui Tower has 70 floors above ground and 5 floors underground.

Taking the elevator of the Xinghui Tower, we soon arrived at the top floor, the 70th floor.

This building, now completed, is the tallest building in the entire Kowloon Peninsula. Although it cannot be compared with the tallest building in Central opposite, it is also one of the top five tallest buildings in Hong Kong.

Therefore, standing on the 70th floor, you can overlook the entire Hong Kong city area, which is magnificent and shocking.

"Good, really good!" Su Cheng exclaimed after inspection.

Another landmark building that completely belongs to him was born. (End of this chapter)