People in Hong Kong create super chaebols

Chapter 149 Urban Complex

"Actually, I know some inside information, so you can plan it in advance." Su Cheng suddenly smiled.

"Oh? What's the inside story? Boss, please tell me." Weili asked in surprise.

In fact, both the revised early system lines and the Tsuen Wan Line were finalized before 1977.

The subway currently under construction only has revised early system lines, which will be put into operation next year.

As for the Tsuen Wan Line, its construction was approved by the Xiangjiang government as early as last year, and the start date has been set, in November this year.

Therefore, these two lines have also been laid out in advance by major real estate companies.

"I learned from the Hong Kong Governor's Office that the third Hong Kong MTR line will be the Hong Kong Island Line. This line will run from Sheung Wan to Chai Wan, and will intersect with the Tsuen Wan Line's Central and Admiralty lines to form an interchange station. The entire line will have 14 stations." Su Cheng picked up a pen and circled dots at each of the 14 places on the map.

There were various subway lines planned in Hong Kong in the early days, and the Hong Kong Island Line was one of them.

But until the government doesn't approve the construction, no one knows whether these plans are just plans or whether they will end up being nothing.

After all, the system lines in the early stages of construction and correction also went through revisions and modifications, and after many shutdowns, the project finally progressed smoothly.

The first route is so difficult, let alone the long-term planned route map.

Therefore, with so many planned routes, no one can say which one will be finalized and which one will eventually be aborted!

As a result, although some real estate companies will try to invest in line sites that are still under planning, they will not invest on a large scale. Such a result will naturally not have a great impact on these places. Land prices It won't go up too much.

"Boss, are you sure?" Weili asked seriously.

These are related to Hutchison Whampoa's future development strategy, so he can't help but ignore this issue.

Although Hutchison Whampoa has many industries, it is undeniable that the real estate industry is definitely one of the most profitable industries among Hutchison Whampoa's many industries.

Therefore, Weili attaches great importance to Hutchison Land Industry.

Although there are very developed places in Hong Kong along the Hong Kong Island Line, the difference between those with and without access to the subway is still very big.

Let's put it this way, if the Hong Kong Island Line is not eventually completed, although Hutchison Real Estate will not lose money by investing in these places, it can even make a lot of money, but compared with investing near MTR stations, the rate of making money will be obviously much slower. .

One can earn 10 billion, and the other can earn 30 billion. Wei Li will naturally choose the latter one.

"I am very sure that this line is expected to be approved for construction by the Xiangjiang government in two years, so it is the best time to plan it in advance before construction is approved!" Su Cheng said with certainty.

According to the original historical trend, in December 1980, the Hong Kong government officially approved the construction of the Hong Kong Island Line. If nothing else, this will not be easily changed because of Sioux City, a traveler.

If it really changes, Sioux City can only intervene in it personally and allow the Island Line to be built ahead of schedule.

Because today's Su City has this ability!

"Okay, I will make the layout based on this route." Weili nodded and said.

The current layout does not actually have to wait until the opening of the subway. When the Hong Kong government officially approves the construction of the Hong Kong Island Line, the land purchased in advance will rise.

As for the longer-term route, there is no need to talk about Sioux City.

Except for the revised early system line, Tsuen Wan line, and Hong Kong Island line, which are short-term lines, the other lines are all long-term plans, and there is no need to pay attention to the layout. "Besides this, I actually have some suggestions." Su Cheng looked at the business plan of the subway station that Weili brought over and thought for a while before saying.

In the plans given by Weili, the land around each station was either used to build single-family commercial buildings or residential communities. The value utilization level was really low, so he had to give Weili some advice.

"Oh? What do you think, boss?" Wei Li asked directly and humbly.

He didn't look down on Su Cheng's suggestions because he was young. After all, the man in front of him was a famous business tycoon and his boss. Compared with him, he, a professional manager, was nothing.

"I suggest that among these sites, select a few places to build urban complexes!" Su Cheng said directly.

"What is an urban complex?" This was the first time Weili heard this word.

“Urban complex is a “city within a city” that is based on building groups and integrates the five core functions of commercial retail, business offices, hotels and restaurants, apartments, and comprehensive entertainment. It is an urban economic agglomeration with aggregation of functions and intensive land.

Its contents include large commercial centers, urban pedestrian streets, five-star hotels, office buildings, apartments, etc. It integrates shopping, catering, culture, entertainment and other functions to form an independent large-scale business district.

Why build urban complexes?Because it is not only our real estate and properties that can benefit, but many other industries under Hutchison Whampoa can also benefit.

For example, in every urban complex, a large chain supermarket, a hotel, a cinema, a children's playground, etc. are built, which can benefit related industries under Hutchison Whampoa.

An urban complex that integrates various types of consumption can attract more consumers to consume, thus becoming a representative building in the local area. "

Su Cheng explained the characteristics of urban complexes to Weili in detail. These are actually the products that will be born when the city develops to a certain extent in the future.

Su City took it out in advance because Xiangjiang already has the conditions for building an urban complex.

In terms of urban population, consumption power, transportation, etc., Xiangjiang performs very well.

In later generations, the Wanda Plaza, Pacific Place, Vientiane City, Wuyue Plaza, K11, etc. that people are familiar with are all urban complexes.

If multiple urban complexes are deployed in Xiangjiang, this will be very beneficial to the future development of many of its industries.

As a professional manager, and a top manager at that, Weili naturally has a very good vision.

Therefore, the more he listened, the more surprised and excited he became, which opened up a new path for Hutchison's future development.

Indeed, there is a huge gap between the urban complex mentioned by the boss and the single commercial complex currently planned by Hutchison Real Estate.

In fact, the first-generation urban complex has already appeared in this world, but compared with the urban complex mentioned in Suzhou City, it is simply too out.

"Boss, can you elaborate more on the urban complex you mentioned?" Wei Li had already taken out paper and pen, intending to record everything Su Cheng said.

"In that case, let me explain it to you in detail!

The urban complex I am talking about must have these characteristics: ultra-large spatial scale, channel tree system, modern urban design, and high-tech facilities.

Its functions should include business, commerce, residence, hotel, entertainment, etc. The more complete the functions, the more likely it is to attract consumers..."

Su Cheng began to introduce to Weili in detail what the new generation of urban complexes in the future should look like.

Wei Li was like a student, holding a pen and taking notes while listening. In the office, the only sounds left were Su Cheng's speaking and Wei Li's writing. From time to time, Wei Li would raise his own questions.

(End of this chapter)