The birth of the Hong Kong Island family

The conference room of Cheung Kong Group.

Lin Zhichao asked: "How are the sales preparations for Saixi Lake going?"

The Saixi Lake plot covers an area of ​​864,000 square feet. The Yangtze River Industrial Group allocated less than 100,000 square feet of land and built 10 24-story residential buildings. The Saixi Lake project consists of 925 residential units, each of which is a large residence of 1,260 to 1,640 square feet.

And the remaining land will be built into a large-scale activity venue integrating entertainment, sports and leisure, connected with the beautiful Saixi Lake Scenic Area. In addition, shopping malls, parking garages, etc. have also been built, among which the ‘Saixi Lake Shopping Mall’ will be used for long-term rent collection.

Hu Zhaoxu said: "We have obtained the pre-sale permit and plan to launch sales in early May. The combined unit price will be 288 to 356 Hong Kong dollars per square foot, with the average price exceeding 300 Hong Kong dollars per square foot. Each household will receive a free parking space."

Lin Zhichao calculated that the total floor area is 1.3 million square feet, which is a sales volume of 400 million Hong Kong dollars; the total land cost is only 85 million Hong Kong dollars, plus construction fees and miscellaneous expenses, the investment is less than 250 million Hong Kong dollars.

Therefore, the profit from residential properties alone has reached 150 million, with Cheung Kong Group and Canadian Imperial Bank each sharing HK$75 million.

The Canadian Imperial Bank provided low-interest loans (7%) in this project, which is also the reason for the low cost of this project.

“This project will all be sold this year, so we can do it as early as possible!”

"No problem, we plan to sell out in two installments."

In this way, the 75 million profit is calculated in this year. The annual profit of Cheung Kong Group in 1977 can definitely exceed 300 million Hong Kong dollars.

With different partners, Lin Zhichao has also formulated different strategies. For example, in the Saixi Lake site, the partner is the Canadian Imperial Bank of Commerce. He does not need to consider making more money. What he needs to consider is the quick return of funds. This is something the bank is happy to see.

For example, 'Oriental New Village', 'Elizabeth Building', and 'Locke Building' all cooperate with real estate developers. Naturally, they have to adopt installment sales to maximize profits; of course, there is also a hierarchy of installments, 'Elizabeth' Bo Building' and 'Locke Building' will be sold in two years, and Oriental New Village will be sold in three years.

Next, Huang Changhonghui reported: "Chairman, Rogers of Qingzhou Yingni wants us to buy 9.6% of his shares at a premium and give you the chairman of the board of directors of Qingzhou Yingni."

Lin Zhichao was not surprised. This year, the Hang Seng Index opened at 465 points. After being listed at only 470 points, it fell rapidly. As of early April, it had fallen to 430 points.

In this general environment, Rogers considered that Qingzhou Yingni's stock was still rising, and he understood that Yangtze River Industrial was still increasing its holdings; once Yangtze River Industrial's shareholding reached more than 35%, he could move into Qingzhou Yingni through the board of directors.

By then, the value of his shares will become uncertain.

Therefore, facing this situation, Rogers felt that his arm could not twist his thigh, and it would be best to take the initiative to cash out.

Lin Zhichao said: "How much stock do we hold? What is the market value of Qingzhou Yingni?"

Huang Changhong said: "We already hold 35% of the shares. Qingzhou Yingni's market value is HK$110 million, which has increased by more than 20% against the market trend."

No matter how you take advantage of the general environment or buy in installments, the stock will definitely rise under such a large amount of buying. The same is true for Wharf Group. In his previous life, Li Jiacheng made a secret purchase for only HK$13 to HK$14, but by the time he held 20%, it was already more than HK$35 per share.

Now that Universal Group is secretly purchasing the shares of Wharf Group, its stock itself will fall to HK$13-14 per share, but under Universal Group's secret purchase, it will definitely not be lower than HK$16 per share.

Of course, the net value per share of Wharf Group should be above HK$50.

"If the premium is 10%, we will win. One more point won't matter. After all, we only need 5% of the equity to enter Qingzhou Yingni's dominant authority through the board of directors."

"Well, I believe Rogers can understand this too."

Lin Zhichao then said: "After Qingzhou Yingni was taken over by us, the first step was to move the main factory to Tuen Mun, and the second step was to upgrade the technical equipment. Later when we take over, I hope to see your plan come out without delay. "

He made a request, and his subordinates naturally had to perfect the details.

Changjiang Industrial Group has been deeply involved in the field of building materials for more than 20 years. From the earliest stone mines to later steel bars, cement (agents), etc., there are almost fifty or sixty such building materials companies. This kind of development is also called horizontal development and internal development.

"Yes, boss!"

After the meeting, everyone got busy again.

Today's Cheung Kong Group's profits are more than three times as huge as those of the Cheung Kong Group at the same time in its previous life. Of course, logically speaking, it should be more than five times larger.

However, too many commercial projects to invest in and too many land reserves are factors that restrict the ratio between assets and profits.

For example, in the previous life, the asset value of Cheung Kong Group may have been HK$600-800 million during this period, but its annual profit could reach HK$90 million. Today, the asset value of Cheung Kong Group is around HK$4 billion, but its profit can only be HK$300 million.

Because the Changshi Group in the previous life had less profit from rent collection, it all relied on Li Jiacheng to "support war through war." After making money, he immediately invested in developing the site.

but.

In this life, there is no other way for Lin Zhichao to do this. The total profit from developing real estate is only so much. If he eats it alone, other real estate developers will not have to eat it, and it is also possible to reach an 'imbalance between supply and demand' very soon.

Therefore, the commercial project profits of the Yangtze River Industrial Group account for more than half. For example, last year's profit of 200 million, the profit from rent collection and other businesses was as high as 120 million, and the development of real estate (residential) only accounted for 80 million, which is only more than 10 million Hong Kong dollars more than Sun Hung Kai.

This year, Cheung Kong Holdings expects a profit of HKD 300 million, with commercial projects reaching HKD 160-170 million and development projects only HKD 130-140 million.

In the chairman's office of Qingzhou Yingni, Rogers looked at the office with souvenirs.

After a while, Karen, the general manager of Qingzhou Yingni, came to the office.

"Chairman"

Karen is just a part-time worker and is an executive with good management skills.

Rogers said: "Karen, I have planned to sell my shares to Changjiang Industrial Group and withdraw from the board of directors. They have promised that they will continue to let you be the general manager."

What can he do if he doesn't sell? Facing the Cheung Kong Group, he has no way to fight back.

Fortunately, the stock in his hand is in the same Hang Seng Index range, and its market value has increased by more than 50%. Once he sells it, it is equivalent to exiting at a profit.

Karen was surprised. He only knew about this now, but he quickly said: "I wonder if the Changshi Group will make drastic changes when it takes over Qingzhou Yingni?"

Rogers suddenly understood that Karen only cared about his future, not how he felt, and he felt sad.

"Yes, we will move the cement factory to Tuen Mun and increase production capacity. It is said that we also plan to introduce foreign investment and improve technology. In addition, they value the land in Hok Yuen the most. If you want Based on the company, you can only cooperate with the work of Cheung Kong Group, otherwise they will not allow you to be in the company."

"Thank you, Chairman, for telling me that the Chairman plans to return to the UK?"

Rogers nodded and said, "Take the money and go back to China for retirement." After saying that, he felt a little lonely.

Who wants to retire?

This is probably what capable men fear most.

A week later.

Cheung Kong Industrial Group and Qingzhou Ying Cement jointly announced that Changjiang Group has acquired 46% of the shares of Qingzhou Ying Cement. Mr. Lin Zhichao will serve as chairman of the board of directors of Qingzhou Ying Cement. Karen will remain as general manager. The new Qingzhou Ying Cement will seek to relocate the main factory. , introduce advanced technology and increase cement production.

As for the 900,000 square feet of land at Crane Garden in Hung Hom, no proposal has been made.

Shangri-La Hotel.

Lin Zhichao invited Guan Shan to have dinner together, and Guan Jiahui sat next to him.

This scene made Guan Shan helpless and forced to accept it. He once regretted taking Lin Zhichao's one million, but he soon forgot his worries.

Lin Zhichao felt very comfortable. What is the purpose of making money? Isn’t it just enjoyment?

"Guan Sheng, I heard that you are doing some business?"

"Well, it's all small business, done with friends."

Lin Zhichao smiled and said: "It's usually difficult to make money in this kind of business, right?"

He said it from a professional perspective. If you start a small business with your friends, you will most likely lose money. Regardless of how the business is going, conflicts will arise, which will affect the business.

Guan Shan didn't think so. He said, "It's okay. We are doing trade between Taiwan and Hong Kong. We all get along well and work together."

Lin Zhichao stopped talking nonsense and said: "I want to entrust you to represent Jiahui and set up a real estate investment company. I will pay you a salary of HK$5,000 every month. When Jiahui meets the conditions, you can transfer it to Jiahui."

He is not worried about Guan Shan escaping with money, after all, a long-term meal ticket is obviously more important, not to mention that Guan Shan still likes Guan Jiahui, otherwise he would not have threatened Guan Jiahui not to marry in his previous life.

As for not forcing him to death in this life, it may be that he was still in love with his lover and did not expect that his daughter could become his cash cow; and because Lin Zhichao was so good, it was not unacceptable for his daughter to follow him; not to mention, Zhang Bingqian made the decision in the beginning. He knew it was too late, his daughter already had a heart.

Guan Shan and Guan Jiahui were both stunned. They didn't expect Lin Zhichao to be so generous.

"Real estate investment company?" The father and daughter said in unison.

Lin Zhichao smiled and said: "It's a real estate speculating company. Although I don't like this kind of business, and I can't personally participate in real estate speculation. But Jiahui will definitely be able to start a small business and then go into a big business in the future. So, I plan to Give her 3 million Hong Kong dollars to buy our company's Saixi Lake property."

To him, a mere few million means nothing. It is naturally very cost-effective to use to please women. Moreover, this kind of investment method can actually save a lot of money in the future.

As for buying your own house, it is not illegal at all, nor does it violate the regulations of listed companies; as long as you are not buying your own company's stocks and others notice it, there is no problem.

Guan Shan immediately said: "Will houses continue to rise?"

Lin Zhichao smiled and said: "Of course it will rise, otherwise why would I want to do real estate?"

The opening price of Saixi Lake was an average of 300 Hong Kong dollars per square foot. By 1981, it had risen to 1,200 Hong Kong dollars per square foot without any problem, and there was still a four-fold increase!

By then, Guan Jiahui will become the youngest multi-millionaire woman!

Later, Guan Shan readily agreed to set up a company according to Lin Zhichao's arrangements.

After dinner, Guan Shan left first. He knew that his daughter could no longer be saved, so he simply made up his mind. In fact, he had another idea in his mind, that is, his daughter would definitely become rich if she followed Lin Zhichao, because Lin Zhichao looked like a man who was 'very willing to spend money on women'.

Lin Zhichao brought Guan Jiahui to the hotel suite and immediately transformed into the Legend of the Hungry Wolf.

"Brother Chao, I believe you!" Guan Jiahui said between breaths.

Lin Zhichao held her beautiful face and said seriously: "Well, just believe me!"

After that, start again.

When the time comes.

Served with white towels.

The girl hummed.

Woman is born.

In early May, Cheung Kong Group released 400 residential units in Saixi Lake, with each unit priced at HK$360,000 to HK$480,000.

Since buyers and speculators lined up 48 hours in advance, Cheung Kong Group needed labor force personnel to maintain order. This is because the Saixi Lake site is a high-end residential area with many public facilities and free parking spaces, making it very popular in the market.

Although 400 Saixi Lake residential units are for sale, some of the residential units are sold internally, and the targets are some agents of the Cheung Kong Group.

As a large real estate developer in Hong Kong, Cheung Kong Holdings naturally needs the cooperation of many agencies (real estate speculators), so this is a problem that Lin Zhichao cannot avoid.

No one is cheering you up, so obviously you are the one who is affected.

Cheung Kong Group.

Huang Changhong and Hu Zhaoxu came to Lin Zhichao's office hand in hand.

"Boss, all 400 residential units in Saixi Lake are sold out, and the market is very hot!" Hu Zhaoxu said happily.

Housing prices have risen too fast. During the low period at the end of 1974, the average residential price in Hong Kong and Kowloon was HK$176 per square foot. Now, less than two and a half years ago, it has risen to HK$300 per square foot. Of course, it has risen the fastest since the beginning of 1976, with an annual increase of more than 30%.

Lin Zhichao said: "It seems that the 525 Saixi Lake residences in the second half of the year can be sold at higher prices!"

Later, Huang Changhonghui reported: "Boss, there will be an official land auction this month. There is a land parcel on the seaside in East Tsim Sha Tsui. It covers an area of ​​41,000 square feet and can be used as hotel land and a commercial complex."

Based on Huang Changhong's description, Lin Zhichao knew that the site should belong to the Shangri-La Hotel in his previous life, so he naturally wanted to take it. Currently, commercial land in Central costs more than HK$10,000, and land in Tsim Sha Tsui costs more than HK$6,000.

However, East Tsim Sha Tsui is a newly reclaimed area, and the entire area has not been developed, so it is not comparable to the land in Tsim Sha Tsui. I am afraid that the price of two to three thousand Hong Kong dollars per square foot is already very high.

As a businessman with forward-looking vision, Lin Zhichao can naturally see the prospects of East Tsim Sha Tsui. In the future, this area will be a mecca for business and entertainment, and the prospects are very good.

"This piece of land is really good. I plan to take it and build a hotel! Later, I will ask Huai'an and Ruihuan to participate, so that the opponent will be caught off guard."

"good"

According to the pattern of the previous life, although there is a Shangri-La Hotel on Hong Kong Island, Lin Zhichao planned to end the contract with Hilton Hotel during the negotiations in the 1980s and build a first-class office building at 1 Queen's Road. As a result, the Hilton Hotel in Central ended more than ten years early.

It's not that I'm worried about crowded hotel business. After all, Hong Kong's tourism industry in this life must be more developed than in the previous life. Moreover, future generations will flock to many five-star hotels in Hong Kong, but the return rate is very high.

After acquiring the 41,000-square-foot land in East Tsim Sha Tsui, Lin Zhichao planned to introduce other hotel brands. After all, according to his idea, there can only be one Shangri-La Hotel in a city, which is the best expansion model.

After a while, Zhou Huaian and Lin Ruihuan came to Lin Zhichao's office. Lin Zhichao asked them to separate and conduct the auction this time.

"Huai'an, you are our Changshi spokesperson, so many people must know you; Ruihuan, you have always been behind the scenes, and this time it happens to be the main photoshoot. Huai'an, you also bid, but you are the secondary photoshooter." Lin Zhichao arranged.

He is indeed not short of money, but that doesn't mean he doesn't want to save money.

In the past two years, Huang Changhong and Zhou Huaian often participated in the auctions instead of Lin Zhichao. Now if Lin Ruihuan suddenly participated, he would definitely catch people off guard.

Zhou Huaian and Lin Ruihuan said at the same time: "Okay!"

They don't know what Lin Zhichao's highest price is. As someone close to Lin Zhichao, they must know the real estate trend in the next few years. So, they can make their own decisions.

What's more, as the eldest son, Lin Ruihuan heard his father's real estate analysis more than once, and he believed it deeply.

Cheung Kong's cash flow will reach its peak next year, because the land fees paid to the subway company will actually all be returned to the Cheung Kong Group next year.

Therefore, investing in commercial projects now does not require too much consideration. (End of chapter)