Started from Hong Kong Island

Chapter 297 Chapter 295 [Still Leaked]

Changxin Real Estate Company Office

Zhang Wentao and Zhao Hongcheng came in to report on the progress of Hysan Development's acquisition activities in Causeway Bay, as well as the progress of projects in Causeway Bay, Sheung Wan, Kowloon Bay and other sites.

"Hysan Development's acquisition plan failed. They thought the prices asked by those owners were too high, and many of them lived abroad. It would take a lot of manpower and material resources to complete the plan, which was far from the initial estimate," Zhang Wentao reported.

"What about the results of our investigation? Can Changxin Real Estate realize this plan?" Li Wendi had already anticipated this result. After all, things that happened in the previous life were still very likely to happen, and the external overall situation was unlikely to be affected.

"The survey shows that the owners are all waiting for a good price. If we want to acquire the target land, the funds required are around 7500 million, which does not include the funds needed to find overseas owners." Zhang Wentao answered with a weak voice.

Hearing this figure, Li Wendi could not help but raise his eyebrows. In the long run, 7500 million is not a lot. It can be exchanged for 300 billion assets in the future. However, even if Changxin Real Estate Company is emptied, it may not be able to take it out. The market value of Changxin Real Estate Company is only tens of millions, and there are so many lands under development, so the funds are not abundant.

The road to payback for this project is long, unlike other projects where buildings can be sold to recover funds and make profits.

Li Wendi sighed, "Forget it, Changxin Real Estate can't afford such a large project."

Before he finished speaking, he thought of a better project, but it would definitely offend the Li family, so he decided to do it later as it was not appropriate to do it now.

"Boss, the Changluo Building in Sheung Wan has been built and renovated. When is the right time for us to sell it? Or should we collect rent for a while first?" said Zhao Hongcheng.

"What is the current price of Sheung Wan Building?" Li Wendi asked, crossing his fingers on the table.

"210 yuan per square foot, the rent is 4 yuan per square foot." Zhao Hongcheng said seriously, "The sale of the entire building can bring back about 2300 million yuan. Calculated based on a vacancy rate of 0, the monthly rent is 44 yuan."

Li Wendi fought with the villain in his heart for a while, and ordered, "Sell the whole building, we need the 2300 million."

Li Wendi knew very well that it was impossible for him to hold all the properties in his hands, and he could only keep those particularly high-quality properties, such as the commercial buildings in Central, the shopping malls in Causeway Bay, and the shops in Tsim Sha Tsui.

"Yes! I will release the news immediately. I believe there will be many buyers." Zhao Hongcheng continued, "First come first served or the highest bidder?"

"First come, first served!" Li Wendi said, "We need to make back our investment quickly. We can't lose the big picture for the small one."

"The commercial buildings in Sheung Wan are not high-quality properties. We are short of funds now. We need to save up funds to buy the two co-built Grade A commercial buildings on Connaught Road. We need to speed up the progress of other sites as soon as possible. Don't think about taking a small bite, as the land price will be higher."

"Yes! I will convey the boss's thoughts to all my colleagues." Zhao Hongcheng certainly knew that recovering the funds as soon as possible would have more advantages than disadvantages.

"What is the price of the property on Enping Road in Causeway Bay?" Li Wendi asked Zhang Wentao again.

Zhang Wentao has been in charge of Causeway Bay properties for a long time. It is impossible for him not to know the property prices in any location. If he fails to tell the price, he would be derelict in his duty.

"160 to 180 yuan per square foot!" Zhang Wentao replied, "Boss, Enping Road is the Li family's home base. I'm afraid it will be difficult for us to get in. Even if we can get in, it will cost a lot."

Li Wendi thought for a moment, "As I recall, only No. 1 Enping Road is owned by the Li family. The other properties are in the hands of other owners, right?"

Zhang Wentai nodded and said, "Yes, but the property at No. 1 Enping Road is the largest in Enping Road."

"Okay, then choose a suitable opportunity and secretly buy several properties on Enping Road. The only condition is not to let the Li family notice or discover it." Li Wendi instructed.

"Yes!" Zhang Wentao asked, "Boss, do you want to buy the entire Enping Road property?"

"We have such a plan, but it's a little too early now." Li Wendi said with a smile.

"This is difficult. No. 1 Enping Road is the ancestral property of the Li family. There is no way they can sell it." Zhang Wentao said worriedly.

"It is indeed difficult! But what if I acquire the entire Enping Road? Does Hysan Development, as a real estate developer, want to build nailed buildings?" Li Wendi did not believe that the Li family would sacrifice the interests of Hysan Development for the sake of their ancestral business. If all real estate developers came to build the Li family's nailed buildings in the future, the Li family would be unable to move forward.

Li Wendi stopped talking, but he still felt the situation was not optimistic.

“Even if we can’t get the No. 2 Enping Road property, the remaining properties No. 38- are enough to build a Grade A commercial building.” Li Wendi laughed.

Even without the property at No. 1 Enping Road, the entire piece of land can still be used to build a commercial building with a construction area of ​​hundreds of thousands of square feet, which would easily be worth billions by the 21st century.

After Li Wendi established his status as a super tycoon in Hong Kong, he would definitely come back to acquire this piece of land without fear of offending the Li family.

In the afternoon, a group of five people, including Li Wendi, Zheng Yutong, Li Zhaoji, Guo Desheng and Li Jiacheng, went to San Sha Tin to inspect the progress of the reclamation project and see the specific situation with their own eyes.

After several months of reclamation, the Shatin estuary has become a small river, but the foundation is still not solid and needs to be compacted by machines. The landfill at the seaside is progressing even slower, with not even one-fifth of it filled in. At the current rate, it may take until 78 to complete the reclamation plan.

"This speed is a bit slow. Can we speed up the process?" Guo Desheng said to Li Zhaoji.

Li Zhaoji shook his head and replied, "We can't speed it up for now. There is no way to meet the demand for building materials such as earthwork and stone, unless we ship materials from abroad, but that will greatly increase our costs."

"Is there not enough stone and earth in Hong Kong? Can we achieve this goal by acquiring other mining companies?" said Li Jiacheng.

“I’m afraid it’s a bit difficult because the Hong Kong government’s reclamation in Causeway Bay and eastern Tsim Sha Tsui requires a lot of materials, and any company must give priority to supplying the Hong Kong government.” Li Zhaoji has no hope for this.

Li Wendi asked, "Can construction waste be used to fill the sea?"

"We can consider this suggestion. The urban areas of Hong Kong are undergoing demolition and reconstruction, and there is a lot of construction waste." Zheng Yutong said, "Buying a few crushers can solve a small part of our current problems."

"Well, I'll ask the engineer later. If it's possible, I'll do it immediately." Li Zhaoji was not sure whether this idea would work. After all, no one had ever done this before.

"The Hong Kong government will definitely not give us the land at the seaport. I suggest discussing with the Hong Kong government about the land in the reclamation area north of our Xiaoliyuan Village. It is preliminarily estimated that 176 million square feet of land will be given to us," Li Zhaoji said, changing the subject.

Li Wendi thought about it and realized that it was the Shatin building complex in his previous life.

In fact, the five people present all have a large amount of land in Sha Tin. Li Wendi has the least, owning only more than 6 square feet of land, and is expected to make a profit of more than 4000 million (according to current land price estimates).

The tycoons all looked at the land through binoculars to judge its pros and cons, and had to admit that Li Zhaoji's choice of location was very good, and the Hong Kong government had no reason to refuse.

The five people inspected and discussed the current problems of the project until night fell, when they went to eat.

The next morning, Wendi Li sat on a chair with a gloomy face as he got to work. On his desk were several gossip magazines, which contained information about Wendi Li having a child out of wedlock, having multiple relationships, and his fiancée He Qijun being kept in the dark.
He Qijun has been turning a blind eye to this matter, which does not mean that she does not care, but she just does not want to cause trouble. Now that it has been reported, the nature of the matter has changed. It is equivalent to putting He Qijun on the table and she has to respond.

After much consideration, Li Wendi decided to go to the Qinian Newspaper to have a chat with He Qijun to prevent any changes from happening.

He Qijun naturally knew about the report and pretended not to know that Li Wendi had entered the office.

Li Wendi did not try to coax He Qijun, but instead said in a serious tone, "Have you read the report? What are you going to do?"

"Isn't how to do it something you should think about?" He Qijun hit back.

"Let's follow the old rules and come forward together to clarify this matter," said Li Wendi.

There is not much room for maneuver in this matter. The only options are to come forward to clarify or simply ignore it.

"I want to join the board of directors of Changxin Real Estate Company. I don't need to hold any shares and can just be an ordinary director." He Qijun took the opportunity to ask for something.

Li Wendi was slightly stunned, and after thinking it through, he said, "Okay, I will definitely be a director of not only Changxin Real Estate Company, but also China Gas Company."

He Qijun's eyes widened, not quite believing what he said, "Director of China Gas Company? You didn't say that in anger, did you?"

"What are you saying in anger? I am telling the truth, but I need to talk to other directors about this." Li Wendi said unhappily.

"Uh-huh!! So when are we going to hold the press conference?"

"Let's do it in the afternoon to avoid any more trouble." Li Wendi said helplessly.

He Qijun knew that this attempt to cover up the truth would not be very effective. Most Hong Kong citizens knew that Li Wendi was having affairs with several women at the same time, and clarifying it would not be of much use.

What He Qijun cared about was how much concessions Li Wendi would make for these things, and at the same time, she wanted to measure her weight in Li Wendi's heart. Now she has achieved good results.

He Qijun was well aware of the importance of China Gas Company. It was more important than Junfu Jewelry Company. Li Wendi had set his eyes on this company a long time ago and even thought of it as a family heirloom.

As for the position of director, it is just the entry point. You can do more things in the future. Otherwise, how can you achieve anything if you haven't even gotten in the door?

He Qijun plans to leave her own mark on all the important companies under Li Wendi, to tell everyone that she is not just a decoration but has real power.

(End of this chapter)