People in Hong Kong create super chaebols

In fact, according to historical trends, Xiangjiang's real estate market will collapse in 1982, and the first thing to bear the brunt will be land prices.

If Sioux City didn't buy it now, he could pick up a more affordable plot of land at a lower price in 1982.

According to records, during 1982, land prices in Xiangjiang generally fell by 40% to 60%.

However, the location of the land owned by Jardine Matheson and Land Group is really good. Now is a good opportunity to buy it. If it is left until then, it may not be available to buy.

The place in Central is so small, there is even less open space, and there are even fewer places on the shore of Victoria Harbor in Central. It really means that every one is built and one is missing.

If Su City does not take advantage of Jardine and Land's lack of money this time to acquire this land, it will be difficult to acquire it again in the future.

Therefore, Su Cheng is willing to pay hundreds of millions of Hong Kong dollars to get it now, otherwise, this piece of land will no longer be available to him.

Anyway, now he is buying it at a price much lower than the market price. Even if the real estate crashes, he will not lose much.

Moreover, it is only 1979. If construction starts now, by 1982, not to mention completion, at least the main body of the building will be built.

For example, the current tallest building in Hong Kong, Kangle Building, started construction in October 1971 and held a grand "topping out" ceremony in April 10, which only took a year and a half.

This can be considered a layout for the future.

Su Cheng became curious about the fact that Bao Fuda's words had additional conditions.

If it's a loss, he will definitely not agree to it. It depends on what additional conditions are proposed by Real Estate.

"Mr. Bao Fuda, can you tell me what the conditions are first?" Su Cheng asked directly.

"Mr. Su, we Land want to exchange the Kamei Building here in Jordan with the headquarters building of your Su Group. The Kamei Building is 19 floors high and has a land area of ​​48000 square feet. It is far away in terms of height and area. It's much more than the Su Group Building, which is only eight floors. I think you won't lose out on this." Bao Fuda stated his conditions.

Exchange building?

Su Cheng was a little surprised.

Unexpectedly, Bao Fuda actually made such a suggestion.

He did not rush to answer, but asked Xiao Ai to find the information.

They must have a purpose in wanting the Su Group's land.

As expected, Xiao Ai quickly provided Su Cheng with a piece of information.

It turns out that Land is currently implementing a ten-year redevelopment plan. The first phase of the project is to rebuild Alexander Building, the second phase of the project is to rebuild Gloucester Building and the Royal Bank, and the third phase of the project is to demolish and construct the building. The Duke's Building was built adjacent to Duke's Row and Princess' Row.

One characteristic of all these construction plans is that they are all organized into a group.

After all projects are completed, including Connaught Building, Swire Building, Heritage Hotel, Prince's Building, Alexander Building, Gloucester Building, Duke's Building and Landmark Plaza, they will eventually be connected, with connecting corridors built between the buildings, like an independent kingdom .

Land's goal is very big. They want to build a central heart in Central. To this end, they have invested billions of Hong Kong dollars.

After seeing Land's plan, Su Cheng couldn't help but admire Land's idea.

This idea is very advanced!

As expected of the oldest real estate company in Xiangjiang, they are planning for the future!

It seems that Bao Fuda and the other leaders behind Land are indeed capable.

And why do they want to replace the Su Group Building with the Kamei Building? Sioux City soon found the answer.

The location of the Su Group Building is right next to the Duke Building. If they want to build the Duke Building, it is best to take over the land of the Su Group Building as their own, so that the construction area of ​​the Duke Building will be larger. Planning It can be better.

Although the location of Jordan is not bad, it is still far behind Central.

In terms of housing prices, the difference between the two places can be doubled or even more.

This is also the reason why Bao Fuda is willing to exchange the Kamei Building for the Su Group Building.

After learning about Bao Fuda's purpose, Su Cheng couldn't help but sigh. It was a wise choice for Su Tianhe to buy the Su Group Building more than ten years ago!

When Su Tianhe bought this building, he spent more than 10 million Hong Kong dollars.

At that time, more than 10 million Hong Kong dollars was a lot.

But today, although the So Group Building is only eight floors high, it is worth at least more than 300 million Hong Kong dollars.

And since Land is in urgent need of this piece of land, it can't be calculated at market price, it can still be priced at a premium!

Although the Kamei Building is not bad, if he were asked to exchange it for the Su Group Building, Su City really wouldn't change it.

In Su Cheng's view, if the Su Group Building is rebuilt, the future prospects will be much more promising than the Kamei Building.

Although So Group Building is not close to the sea, it can be considered to be in the core area of ​​Central.

Even though there is not much difference in value between the two now because the Meka Building has a larger building area, the value gap between the two will only get wider in the future. The one with the higher value is of course the Su Group Building.

Therefore, what seems to be an equal transaction today is not equal in Su Cheng's view.

"Mr. Bao Fuda, you want to take over the Su Group Building because you want to build an annex to the Duke Building there, right?" Su Cheng said with a smile.

"I didn't expect Mr. Su to know that our Land Group had actually discussed this matter with your father, Mr. Su Tianhe, but your father refused at the time." Bao Fuda said regretfully.

"To be honest, Mr. Bao Fuda, I have to tell you the truth. In your opinion, the value of the two seems to be about the same, but in my opinion, the Kamei Building is far inferior to the Su Group Building." Su Cheng said with a smile. .

"Does this mean there is no need for discussion?" Bao Fuda asked directly.

"It's not negotiable, but if you want to exchange for the Su Group Building, you'd better exchange it for something else. To be honest, I don't like the Meka Building."

Su Cheng said it very directly and his meaning was very simple. In his opinion, the Meka Building was not worthy of being compared with the Su Group Building.

Bao Fuda and Nui Bijian looked at each other, and they both stood up at the same time. Nui Bijian said, "Mr. Su, let's discuss it again."

This is also an opportunity for Land, even though Sioux City has not said anything.

Because they all knew that this piece of land would have to be sold no matter what, and the additional conditions were just specially proposed by Bao Fuda. Even if Su Cheng didn't agree, there was nothing they could do. In the end, the land would still have to be sold at a loss.

Therefore, since Su City is willing to exchange, they will discuss which property is better to exchange with the Su Group.

If people don’t want Meka Building, then they should choose other properties.

There is not much land, only commercial buildings.

With nearly a century of development history, Land's properties are spread all over Hong Kong and Kowloon, especially in Central. (End of chapter)