Hang Lung Center!

Chu Huan was sitting in his office, and sitting opposite him was He Bingguang, the general manager of Hang Lung Properties.

“How much does a land exchange right deed in the Hong Kong New Territories cost now?”

In the 1960s, Hong Kong's population expanded rapidly, and urban land supply in Hong Kong Island and Kowloon became increasingly scarce. The Hong Kong government implemented a new town development plan in the New Territories, and Tsuen Wan was the first target.

The development of new towns often requires the construction of infrastructure and public places such as schools and hospitals, which requires the acquisition of a large amount of land.

Before January 1960, if private land was to be expropriated for public use, the Hong Kong government had to pay cash compensation to the land owners.

From January 1960 to March 1983, in order to reduce cash expenditures, the Hong Kong government issued "land exchange rights letters" to owners of private land who planned to expropriate land. The owners of the land could choose to receive cash or transfer to any new town in the New Territories in the future.

Development area in exchange for building land.

Most of the land acquired for the development of new towns is agricultural land.

According to the land exchange rights and interests document, every 5 square feet of agricultural land can be exchanged for 2 square feet of construction land in the future. This type of land exchange rights and interests document is called a Type B land exchange rights and interests document.

Each square foot of construction land can be exchanged for the same square foot of construction land in the future. This type of land exchange rights letter is called Type A land exchange rights letter.

Based on traditional concepts and values, most villagers in the New Territories prefer land to cash, so most land owners have chosen to exchange land in the future.

This is also the reason why when Chu Huan agreed to cooperate with the Hong Kong government on the mountain reclamation project, the Hong Kong government's asking price was so low, because it did not require the Hong Kong government to exchange land in Huaye City with the indigenous people in Shatin.

Letter of entitlement.

The land in Xiangjiang is limited. When Xiangjiang Island and Kowloon are almost fully developed, the Hong Kong government will have no choice but to develop into the New Territories.

In fact, the Hong Kong government is already doing this, such as the Shatin New Town where Huaye City is now located!

Since Chu Huan's business map includes the real estate industry, Chu Huan will naturally prepare for the company's future development.

Then the land exchange rights letter in the New Territories is inevitable.

What Chu Huan and Cao Yunshang talked about last night to earn some pocket money was actually the acquisition of land exchange rights deeds in the New Territories. The reason why Chu Huan thought of this was not because he saw Li Zhaoji!

In other words, Li Zhaoji's Henderson Development was able to develop actually because it acquired a large number of New Territories land exchange rights certificates and accumulated a large amount of New Territories land. This allowed Henderson Development to have a steady stream of land for its use in the future.

development.

In fact, not only real estate companies such as Henderson Land Development, Sun Hung Kai, and Cheung Kong have made acquisitions.

It was Chen Tinghua from Nanfeng Real Estate who really reminded Chu Huan of the land exchange rights and interests document.

Chen Tinghua’s Nanfeng Real Estate can be said to be the first real estate company in Xiangjiang to acquire land exchange rights letters.

At this time, Nan Fung Real Estate conservatively estimates that it has more than 300,000 square feet of Type B land exchange rights.

After Chen Tinghua passed away, his two daughters started a traditional drama among Hong Kong wealthy families because of this inheritance, and the wealthy families fought for property!

However, now the real estate developers in Xiangjiang are still looking at the real estate business in Xiangjiang Island and Kowloon. Therefore, except for Chen Tinghua, who started to acquire land exchange rights in the New Territories because his Nan Fung Textile factory is located in Tsuen Wan, other

The company's vision is not that far-reaching yet.

Naturally, He Bingguang couldn't see it anymore. He thought for a while and said to Chu Huan: "The land price in the New Territories is basically around 20 to 30 per square foot now."

Different land exchange rights documents have different square footage calculations, so when Chu Huan asked about the price of the land exchange rights documents in the New Territories, He Bingguang answered the land price in the New Territories.

By the end of the 1970s and the beginning of the 1980s, the speculative trend of land exchange rights and interests in Xiangjiang reached its peak, because at that time, real estate developers in Xiangjiang also realized that the development of real estate in Xiangjiang was bound to open up new areas in the New Territories.

battlefield.

By then the price will be at least seven or eight times higher!

Of course, there is another reason, that is, by that time, the Hong Kong government also discovered that they actually owed 138 hectares of "land debt", so the Hong Kong government stopped issuing land exchange rights certificates in March 1983.

.

The emergence of the land exchange rights letter actually represents the emergence of another real estate policy with strong characteristics in the Hong Kong New Territories, that is - Ding Quan!

It's the story told in the movie "Overheard 3".

If you want to develop the New Territories, you can't get the consent of the New Territories aborigines just by relying on a land exchange rights letter. Therefore, the Hong Kong government negotiated with the New Territories aborigines and finally gave them a unique real estate policy of Dingquan.

Ding Quan - The rule is that as long as they are over 18 years old, their father or above is a rural resident recognized in the New Territories in the 1890s, and they must be male, everyone can apply once within the recognized scope, and the construction scope is 3 stories high.

The maximum height shall not exceed 8.23 ​​meters and the area of ​​each floor shall not exceed 700 square feet.

A house built according to Ding rights application is called a Ding house.

However, the Ding Quan matter is not in a hurry right now. The first thing that needs to be settled is the exchange of land rights and interests.

Chu Huan continued to ask He Bingguang: "How much floor area is involved in the land exchange rights deed that has not been redeemed by the Hong Kong government?"

He Bingguang replied: "About 36 million square feet!"

Chu Huan nodded and said: "The company has set up a special department to acquire land exchange rights and interests documents, and we can charge as much as we can!"

He Bingguang was shocked and couldn't help but ask: "Boss, this is a big expense, and if you want to acquire a large-scale land exchange, you have to deal with the aboriginal people in the New Territories, so in terms of price

In terms of acquisition, it will definitely be more expensive!

Also, the company currently has several projects on hand. If the money is used to purchase the land exchange rights certificate, it will be different from the company’s previous development plan!”

Chu Huan chuckled lightly and said: "I will ask Jiaku Consulting Company to transfer the funds for the land exchange rights deed to the company's account. As for settling the affairs of the clan leaders in the New Territory, you need to do this.

, the company can give a 30% discount on the price per square foot, I believe this is enough to deal with those old guys!"

This chapter is not over yet, please click on the next page to continue reading! When Guo Bingxiang ran away from home for the first time, Chu Huan wanted Guo Bingxiang to help with this matter, but later on when things happened in Huaye City,

Shelved it, now naturally we can no longer look for Guo Bingxiang.

He Bingguang showed a wry smile and said, "It's really hard to deal with those clan leaders in the New Territory!"

Chu Huan chuckled and said, "If it's easy to handle, anyone can be the general manager of Hang Lung Properties!"

He Bingguang could only nod his head and said: "Chairman, how much money are you prepared to spend to acquire the land exchange rights deed in the New Territories?"

Since there are currently 36 million square feet of land exchange rights in the New Territories, if calculated based on the average price in the New Territories, it would cost more than HK$1 billion to buy them all!

Well, it doesn't seem to be much, but I just thought about this kind of thing. If I really do this, it will probably attract the attention of the whole Hong Kong in a short time. By then, all the real estate companies in Hong Kong will follow suit and speculate on land rights and interests.

This directly led to the early explosion of land prices in the New Territories, as well as the intervention of the Hong Kong government!

so......

"I will transfer 100 million to you first, and then ask me for it after you collect it!" Chu Huan said.

He Bingguang was stunned again. He didn't expect that Chu Huan would be interested in the land exchange rights deed in the New Territories at first. Then he didn't expect that Chu Huan would want so much?

But since there is no need to use the company's original funds, He Bingguang naturally has no objection as to the specific reasons.

He Bingguang has not been with Chu Huan for a long time, but when he chatted with Xu Yi once, Xu Yi told him something about Chu Huan.

"If one day you find that you cannot understand the chairman's decision, don't rush to defend the matter with the chairman. Instead, calm down and think about why the chairman did what he did."

"What if you still can't understand?" He Bingguang asked at that time.

Xu Yi's answer was: "Then wait, time will prove to you that the chairman's decision is definitely correct!"

He Bingguang kept Xu Yi's suggestion firmly in mind.

Since you can’t figure it out now, just wait!

"Okay, I will work hard to complete this matter!" He Bingguang said to Chu Huan seriously.

Chu Huan nodded with satisfaction: "It's best to spend all this money within two years, otherwise I will doubt your ability to work!"

He Bingguang smiled confidently: "I will definitely promise to spend all the money in more than one year and within two years!"

Chu Huan nodded with satisfaction. The content attracted too many people's attention in one year, so within two years it would be just right!

After finishing the conversation with He Bingguang, Chu Huan returned to Jiahu Building and found Xu Yi.

"How are you doing with the thing you were asked to do?"

Chu Huan asked Xu Yi directly.

Xu Yi was just stunned for a moment, and then immediately understood what Chu Huan meant, and said: "It has been arranged. I believe Li & Fung will not have a good New Year!"

"Very good, go and get busy. I will give myself a holiday in the next half month. If there is anything I need to solve..."

Before Chu Huan finished speaking, Xu Yi immediately said with a smile: "I will go to the villa in Repulse Bay to find you!"

"very good!"

...

Although it was a holiday for herself, Chu Huan actually still had a lot to do.

First of all, it is the end of another year, and various cocktail parties in Xiangjiang's business and political circles have also begun. One year has passed, and Chu Huan has done so many shocking things, and his reputation is naturally higher than last year.

So Chu Huan was invited to more cocktail parties.

But Chu Huan is still like that, he can hide if he can, and if he can't hide, he can only participate.

Especially the gatherings of the Xiangjiang Toys General Chamber of Commerce, Chu Huan has to attend. After all, Chu Huan is still the president of the Xiangjiang Toys General Chamber of Commerce.

At the cocktail party of the Chamber of Commerce, Chu Huan met Feng Hanzhu from Li & Fung Group.

Others have been secretly paying attention to Chu Huan and Feng Hanzhu. Everyone knows that Chu Huan has never reached a settlement with Li & Fung Toys, but now a few months have passed, and Chu Huan has acquired Jiahe and Chinese

Real estate, the acquisition of China Entertainment, and the opening of Huaye City have done so many things, but they have not targeted Li & Fung Toys.
To be continued...