The real estate industry in Hong Kong is recovering, and everyone is happy.
Everyone has been patient for more than two years, and now the clouds are clearing and the moon is shining brightly.
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 because everyone doesn’t know what the future of Xiangjiang will be, especially the property deeds, they don’t dare to buy it, for fear that it will be greatly affected after buying it.
Now that the "Joint Statement" has come out, everyone is finally no longer afraid.
So, revenge consumption comes.
These people began to get involved in real estate and continued to raise housing prices in Xiangjiang.
Especially under the covert promotion of real estate companies that have been frustrated for more than two years, this hype has become even more popular.
Hutchison Real Estate Company, Soochow Real Estate Company, Land Group and other real estate development companies under Sioux City have also begun to experience a surge in profits.
Although they hold many properties mainly for rent, not all properties are for rent, and some of them also need to be sold.
For example, these companies have purchased a lot of government land and land in the past two years. It is impossible to build commercial buildings on all of these lands, and some of them also have residential buildings.
Residential buildings are not as easy to rent out as commercial buildings, especially when the entire community is owned by a company, so it is not easy to rent out.
Moreover, all of them are mainly for rent, but the funds for rent collection are too low and the funds are withdrawn too slowly.
So this kind of investment is very suitable for sale and used to raise funds, so as to develop better.
Otherwise, it will be like the Wharf Group in the past, because most of the funds are suppressed and the funds are slowly withdrawn, which leads to low profits and low stock prices, and Li Ka-shing secretly takes the opportunity to absorb shares, and is eventually wrapped up Yugang successfully acquired.
February 20, 1985, was another Spring Festival.
This year’s Spring Festival, the Su family villa is still bustling with activity.
Basically all the big guys in Xiangjiang came to visit.
Even the Governor, Mr. Youde, came to visit him personally.
This shows how high Sioux City’s status in Xiangjiang is now.
During the Chinese New Year, in addition to paying New Year greetings to the heads of various companies, Su Cheng spent most of his time at home with his family or chatting with visiting bosses. His life was very fulfilling.
In March, the atmosphere of the Spring Festival gradually dissipated, and everyone was doing what they were supposed to do.
On March 6, the Lantern Festival, a traditional Chinese festival, Su Cheng appeared in the president's office of Hutchison Whampoa Group.
Sitting opposite him was Mr. Wei Li, the famous working emperor of Xiangjiang.
From 1975 to 1985, Mr. Wei Li has been in charge of Hutchison Whampoa for more than 10 years.
Over the years, Hutchison Whampoa has grown steadily and rapidly under his leadership.
Although most of the reasons are due to Sioux City, otherwise Hutchison Whampoa would never have achieved its current results.
However, without Wei Li, Hutchison Whampoa Group would not have achieved such an achievement.
His achievements are also very great.
Therefore, Sioux City has always been not stingy. The treatment for talented people has never been low. People like Wei Li and Yang Chaoye can earn more than hundreds of millions of Hong Kong dollars a year. Others like Chen Zhibai , Li Yihui, etc., with an income of at least tens of millions of Hong Kong dollars a year.
This is simply impossible for professional managers in other companies in Hong Kong.
Of the professional managers who have followed Su City for several years, there is no one who is not a billionaire, and most of them have incomes exceeding HK$500 million.
The more you work, the more you get. If the treatment is not good, who will work with you all the time?
And their income, compared with Su City's income, is just a drop in the bucket.
This is also the reason why none of these people go out to start a business even though they are all billionaires.
It is difficult to earn such income when starting a business.
Their income is all formal income. If there is corruption, Su City will usually know it quickly.
Although Su Cheng doesn't seem to have much control over various companies, in fact he has inserted many informants into each company, and these informants do not know each other's identities.
The ones that Su Cheng keeps an eye on the most closely are the finance departments of several companies. Whenever 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 completed.” Wei Li said with emotion.
In 1978, Sioux City successfully acquired the Hutchison Whampoa Group.
Subsequently, as funds increased, I had special ideas for the Huangpu Shipyard land.
I have the impression that in another parallel world, after Li Ka-shing acquired Hutchison Whampoa, he developed the land of Whampoa Dockyard and eventually turned it into the famous Whampoa Garden.
Whampoa Garden has a total of 12 phases, of which phases 6 and 8 are shopping malls and the rest are residential buildings. There are 88 residential buildings with a height of 16 floors, providing a total of 10,431 units with a total area of 19 hectares.
It can be said that this land is very large.
However, after Sioux City acquired this land, it had no intention of building it into residential buildings.
After long talks with the Hong Kong government in 1981, we finally reached an agreement with the government to pay a land premium of HK$230 million and an additional road construction fee of HK$100 million, which ultimately converted this industrial land into commercial land.
After the land use was successfully changed, Su Cheng handed over the land to Mr. Bei for design.
His request is simple: to turn 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 Harbor, across the sea from Central District, and next door is Tsim Sha Tsui.
Although there is the famous Heung Kong Kai Tak Airport next door, the new airport has been decided and will be built on Lantau Island. Relocation is a matter of time.
In addition, the Huangpu Shipyard 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 have no impact at all.
After the design by Mr. Pei and his team, the design drawings of Hung Hom CBD were finally released at the end of 1981.
This design plan was supported by the then Governor, Mr. MacLehose.
During the real estate crisis, Sioux City deliberately acquired multiple pieces of land near Hung Hom, eventually controlling 50 hectares of land.
That is a full 0.5 square kilometers. In the southern part of the Kowloon Peninsula of Hong Kong, where land is at a premium, the value of this land is immeasurable.
Among them, one piece of land was bought from Li Ka-shing, and that is the land in Yingni, Qingzhou.
Originally, Li Ka-shing was unwilling to give up. He felt that it would be better to develop it by himself. However, Su City later raised the land price, and Qingzhou Yingni Company also wanted to relocate, so in the end Li Ka-shing reluctantly sold the land to Su City for the sake of Su City.
Therefore, Sioux City has opened up the land in Hung Hom and Tsim Sha Tsui to form a large connected land.
These sites even include a small portion of the Tsim Sha Tsui site.
Because the area of Hung Hom CBD is not small, it was eventually divided into five phases of construction. A total of 45 skyscrapers with a height of 120 meters to 260 meters are planned. In addition, there is also a skyscraper with a height of 388 meters. Building and a comprehensive commercial building covering an area of 3 hectares, with a total investment of HK$45 billion.
It can be said that once this plan is successful, it will be priceless.
At the same time, it also makes the cityscape skyline of Xiangjiang more beautiful.
Now, the first phase of 9 skyscrapers has finally been completed!
This is indeed news worth celebrating.
“Let’s go over and inspect it while we are free today!” Su Cheng said with a smile.
“Boss, that’s what I mean!” Weili nodded and smiled.
This is a very spectacular plan, and it has the support of the Xiangjiang government, so everything from planning to construction went very smoothly.
For the Xiangjiang government, Sioux City spent a lot of money to turn these industrial lands into commercial lands.
For the sake of money, the Xiangjiang government will naturally support it strongly.
It is not very far from Tseung Kwan O to Hung Hom. Now Tseung Kwan O is connected to Mao Wushan between Tseung Kwan O and Kwun Tong, making travel more convenient and time-saving.
A motorcade set off from the Tseung Kwan O headquarters base and after a twenty-minute journey, finally arrived at the Hung Hom CBD Phase 1 project.
Here, it turned out to be the land of Huangpu Dockyard.
When Su Cheng got off the car, he immediately saw 9 high-rise buildings towering in front of him.
More than 100 meters high, more than 200 meters high, each building has a different height. The well-proportioned design will look more beautiful.
If high-rise buildings are all designed to be about the same height, then this beauty will be greatly weakened.
“Boss, this is our plan.” Weili handed a plan to Su Cheng so that he could refer to it.
Su Cheng nodded, and after taking the plan, he compared it with the actual scene.
Each building has a unique building name, and the name is very poetic.
Genting Monarch Tower, "Yunding" symbolizes the towering characteristics of skyscrapers, while "Junjue" conveys an atmosphere of nobility and luxury.
Skyline Huacai Building: "Skyline" directly points to the height of the skyscraper, while "Huacai" represents the magnificence and colorfulness of the building.
Star Tower Building: "Star Tower" is used to describe a skyscraper that shines like stars in the night sky, while "Tower Tower" emphasizes its identity as a landmark building.
Shengshi Jingxuan Building: "Shengshi" represents an era of prosperity and prosperity, while "Jingxuan" means the delicacy and elegance of the building.
Lingyun Cuige Building: "Lingyun" expresses the towering and majestic characteristics of the skyscraper, while "Cui Ge" adds a touch of natural and fresh feeling.
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" means auspiciousness and beautiful scenery, while "Dengfeng" directly points to the supreme status of skyscrapers in the city.
Brilliant Tianque Building: "Brilliant" conveys the magnificence and splendor of a skyscraper, while "Tianque" symbolizes the palace in the sky, implying the nobility and extraordinaryness of the building.
Dream Yunting Tower: "Dream" represents people's beautiful vision for the future, while "Yunting" means that the skyscraper is like a courtyard above the clouds, a place full of dreams and hopes.
Nine buildings stood like this, facing the buildings on Xiangjiang Island opposite.
Over in Central, the world's tallest building, the 556.6-meter Heung 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 acquiring the Land Group, Sioux City has actually become the largest landowner in Central.
These are grand designs built by the former Jardine Matheson and Land Group, which ultimately cheapened Sioux City.
Now, diagonally across from Central, a new financial and business district is once again being built.
The following is a simply modified version of the paragraph you provided to make it more fluent and consistent with Chinese expression habits:
The most prosperous and core area of Xiangjiang can be said to be almost all occupied by Sioux City is in control.
Such a thing is simply unimaginable to others. Even the former Land Group could not do this.
However, Su City did it.
Not only that, Sioux City also has a large number of properties in prosperous places such as Causeway Bay, Wan Chai and Tsim Sha Tsui.
These properties were all purchased by Sioux City’s companies at the time of the real estate crisis, looking at the right opportunity and decisively buying them.
Facing the crisis, many people are worried and scared, but Su Cheng is not afraid.
Buying is his strategy to deal with the crisis.
Putting down the design drawings, Su Cheng said with a smile: "Let's go and visit, let's go to the Xinghui Tower Building."
This building, with a height of 236 meters, is also the tallest among the nine buildings. Several buildings are built around it like guards.
So, this building can be regarded as the landmark building of Xinghui Tower Building.
Of course, after the five phases of development are completed, the Star Tower Building will look a little ordinary. The 388-meter-high skyscraper is the landmark building of Hung Hom CBD and will be here. 50 hectares of land in the center.
Next to this skyscraper is a 3-hectare super shopping mall, which Sioux City plans to build into a commercial landmark comparable to Harbor City.
As for whether this super mall can attract as much money as Harbor City in the future, it is still uncertain and will not be known until it is completed.
According to the plan, the development cycle of Hung Hom CBD is as long as 15 years, and it is expected that it will not be officially completed until 1996.
Although time is still far away, if we don’t start construction, who can predict the future results!
The Xinghui Tower Building has 70 floors above ground and 5 floors underground.
Get on the elevator of the Xinghui Tower Building and soon reach the top floor, above 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 among the top five tallest buildings in Hong Kong.
Therefore, standing on the 70th floor is enough to overlook the entire Xiangjiang city. It is magnificent and shocking.
“Okay, really good!” After inspecting it, Su Cheng sighed.
Another landmark building that belongs entirely to him was born. (End of this chapter)