698, Huangpu Commercial Center shocked Xiangjiang(1/2)
‘The largest commercial land development in the history of Xiangjiang!’--"True News"
Just when Xiangjiang was speculating on whether Hopewell International-Wheelock was really going to develop the former Huangpu Dockyard site, the official newspaper of Jiaku, Zhenbao, published such a front-page headline!
This is equivalent to official recognition!
The sensation caused by this incident in Xiangjiang did not stop because of the report by "True News", but became even more lively.
The Whampoa Dockyard is located at the old site of Hung Hom and covers an area of 19 hectares, about 2 million square feet, which is larger than the land originally acquired by Zhulu Real Estate in East Tsim Sha Tsui. Everyone knows what this means for commercial development of such a piece of land.
As long as this old site is developed smoothly, then Wharf's Harbor City, New World's New World Center, Zhulu Real Estate's Zhulu Plaza, plus Hehe International-Wheelock's Whampoa Commercial Center will connect the entire East Tsim Sha Tsui.
If the business atmosphere is good, Tsim Sha Tsui East may become the second commercial center in Hong Kong after Central in ten or twenty years.
Among these four commercial centers, Zhulu Plaza and Huangpu Commercial Center are both owned by Jiaku.
At this time, Hehe International-Wheelock has not officially announced the construction status of Huangpu Commercial Center, but some clues can be seen just from Zhulu Plaza.
A total investment of 10 billion Hong Kong dollars was invested in Zhulu Plaza, with a 10-year construction period. Construction started in October 1975. It is now 1979, nearly 4 years have passed, and Zhulu Plaza has completed nearly 40% of the construction period, not counting
Shops, department stores, hotels and other buildings, including only commercial buildings, have nearly 6 million square feet of rentable property. According to the current rent of commercial buildings in East Tsim Sha Tsui is HK$18 per square foot per month, then only the current Zhulu Plaza
The annual rent has reached HK$1.296 billion.
This is only 40% of the rental income. When the construction of the entire Zhulu Plaza is completed in the future, the total will be 17.25 million square feet.
According to Chu Huan's calculations, when the time comes to the late 1980s, the rent of commercial buildings in East Tsim Sha Tsui will be HK$80 per square foot per month, and the annual rental income of Zhulu Plaza alone will reach 165.6
billion Hong Kong dollars.
Of course, if daily maintenance is deducted, the net profit will reach HK$14.0076 billion per year!
This rent will double in future generations, and if other properties in Zhulu Plaza are included, it will exceed the 50 billion Hong Kong dollar mark in future generations.
However, the current Xiangjiang media must not know this number, but they also have their own analysis.
First of all, there is no height limit policy in the construction of Huangpu Commercial Center, and the land area of the former Huangpu Dockyard exceeds Zhulu Plaza. This leads to the construction area of Huangpu Commercial Center to exceed the 20 million square foot mark. As for how much,
That depends on the final architectural structure of Huangpu Commercial Center, but in any case, the construction of such a large piece of land.
Regardless of the initial capital or after the final construction is successful, the annual rent will reach an astronomical figure.
When thinking of this, all the Xiangjiang media were shocked. If this was the case, based on this year's rent calculation alone, the Huangpu Commercial Center of Hehe International-Wheelock and the Zhulu Plaza of Zhulu Real Estate would bring 400 yuan to Jiaku every year.
billion Hong Kong dollars in rent.
This is only the rent of these two projects. If you add Zhulu Real Estate and other commercial buildings owned by Hehe International-Wheelock, this is simply an appalling figure.
Before this, everyone thought that the most profitable industries in Jiaku were fantasy comics and Wolf Smoke games. At this time, these talents discovered that Chu Huan was already guarding a gold mine.
Secondly, such a large project affects not only Hehe International-Wheelock, but also all aspects of the real estate industry, including raw materials, construction, sand and gravel, cement, as well as later decoration, office supplies, etc.
Even after it is completed, shops, hotels, merchants in the mall will move in, etc.
The profits generated from this have shocked all walks of life in Hong Kong.
It is precisely because of this situation that the threshold of John Qiao's office was almost trampled to pieces, and the door of Chu Huan's office was also visited by many people, hoping to conduct business with Hehe International-Wheelock.
cooperate.
"Ah Huan, our previous cooperation at the Shangri-La Hotel in Zhulu Plaza has proven to be very successful. Now the Huangpu Commercial Center project must have a hotel. You are also a shareholder of the Shangri-La Hotel. Regarding the operating status of the hotel, you should
You know, I believe our cooperation this time will definitely be more successful!"
Guo Henian appeared in Chu Huan's office at this time, and he came to see Chu Huan this time because he actually came to deal with the Huangpu Commercial Center.
Shangri-La Hotel is the first completed project of Zhulu Plaza. It has been operating in Xiangjiang for nearly three years. Although it is still not as famous as Peninsula Hotel and Mandarin Oriental, Shangri-La Hotel and New World Regent Hotel
It has become a new hotel symbol in Xiangjiang.
Regarding this situation, Guo Henian has always wanted to expand the Shangri-La Hotel in Xiangjiang, but has never found a better opportunity. Now that the Huangpu Commercial Center project is about to be launched, it is an excellent choice for Guo Henian.
Chu Huan sat there with a helpless look on his face. He smiled and said to Guo Henian, "Uncle Guo, I'm afraid we won't be able to cooperate this time!"
Guo Henian showed a hint of disappointment, but still tried hard: "Ah Huan, are you cooperating with a big hotel group?"
Chu Huan has a close relationship with the Kadoorie family of the Grand Hotel Group. This is known throughout Hong Kong. As a member of the Hong Kong super consortium established by Chu Huan, Guo Henian naturally understands the relationship between Chu Huan and the Kadoorie family better.
It’s related.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Chu Huan shook his head and said: "No, this time our Jiaku wants to set up a separate hotel group to be responsible for this matter!"
Guo Henian showed a look of vigilance. Although Chu Huan's Jiaku has now entered the hotel industry, it is more cooperating with other hotel groups, including their own Shangri-La Hotel, the Kadoorie family's large hotel group, Chu
Everyone has their own shares.
When everyone was cooperating, Guo Henian naturally hoped that Chu Huan's funds could enter. But if Chu Huan entered the hotel industry by himself, according to the land reserves of Zhulu Real Estate, Hehe International-Wheelock in Xiangjiang and the land reserves held by Chu Huan,
The number of commercial buildings has made Guo Henian feel that competition may become more intense in the future.
"It seems that from now on, we will not only be partners, but also rivals!" Guo Henian said helplessly.
Chu Huan said with a smile: "Uncle Guo, don't you always focus on Xiangjiang? There are many cities around the world that can build more hotels, and there are not only high-end brands of hotels in the world.
, in fact, the low-end brand hotel market is also very large!”
Nowadays, no matter who enters the hotel industry in Xiangjiang, they are actually aiming at the high-end market of the hotel industry. Everyone hopes to make their hotel the most famous hotel in the world.
This is actually the same as the current consumption level in Xiangjiang. Compared with the world, the consumption level in Xiangjiang is considered high-end. Naturally, most of the people who come here to travel are rich, so in the high-end area of Xiangjiang
The hotel market has always been a battleground for the Xiangjiang hotel industry!
Guo Henian's eyes lit up when Chu Huan said that, and he immediately asked: "Ah Huan, what do you mean, you want to turn the hotel in Huangpu Commercial Center into a mid-to-low-end hotel?"
If this is the case, then there will be no competition between the two parties!
Chu Huan shook his head and said: "We plan to build the hotel in Huangpu Commercial Center into a world-class hotel!"
Guo Henian: "......"
Then what you just said is of no use at all.
Chu Huan continued to talk to Guo Henian: "Uncle Guo, I don't mean Xiangjiang. Didn't I just say that Xiangjiang is too small? We should not just focus on Xiangjiang, Southeast Asia, Japan, and South Korea.
, the same can be said for places like Taiwan!
Although Hong Kong’s tourism industry is now very developed, I believe that as the world situation improves, there will definitely be more places suitable for building hotels!”
Guo Henian still didn't understand what Chu Huan meant at first, but he soon guessed what Chu Huan meant.
Asked: "Do you already have other choices besides these places?"
Guo Henian knew about Southeast Asia, Japan, South Korea, and Taiwan, and everyone else knew about it, so Guo Henian knew that Chu Huan would definitely not say these things without any reason.
Chu Huan nodded and said: "Uncle Guo, you should know that our Jiaku is currently preparing to build four hotels in our hometown, right?"
Guo Henian smiled bitterly again and said: "Ah Huan, of course I know this, but the four hotels you built in your hometown are not mid- to low-end hotels anyway, right?
And according to the current situation in my hometown, only high-end hotels can have a market in my hometown, and it is impossible for mid- to low-end hotels to have their own market!"
Naturally, the economy of my hometown has not developed, but it is precisely because of this that the tourism industry has not yet officially emerged in my hometown at this time. The foreigners and Hong Kong and Macao businessmen who went to my hometown during this period were basically wealthy people looking for markets.
, and if ordinary old family members go out, they prefer to stay in cheap guest houses instead of hotels.
So at this time, the mid- to low-end hotel market in my hometown is not suitable!
Chu Huan said: "It's not suitable now, but it doesn't mean it won't be suitable in the future. Uncle Guo, our business is not about the present, but the future. Of course, if the market in my hometown develops in the future, the market for high-end hotels will definitely be
It will be better, but I believe that the mid- to low-end hotel market will also develop with that period.
You have to know that your hometown is a vast land with abundant resources and countless historical monuments. Tourism will definitely be a very important pillar industry in your hometown in the future. If the tourism industry flourishes, more ordinary people will go to your hometown by then. The mid- to low-end hotel market
It will develop naturally!”
Guo Henian shook his head and smiled bitterly, "Of course I understand what you said, Ah Huan, but if we make plans now, it's still too early. Your Jiaku has the capital, but we don't!"
Chu Huan spread his hands and said: "Then I have no choice, but if Uncle Guo wants to enter the hotel market in his hometown in the future, we, Jiaku, are really willing to help!"
Guo Henian also understood at this time that what Chu Huan said to him was actually just one sentence. This time, he did not want to take others to the hotel in Huangpu Commercial Center.
"We'll talk about the rest later, but Ah Huan, if you need partners in the hotel industry in Xiangjiang in the future, don't forget us!"
Chu Huan smiled and said: "This is natural!"
After Guo Henian left, Xu Yi came to Chu Huan's office.
We are still talking about building a world-class hotel in Huangpu Commercial Center.
"Boss, we have no problem with funds, but management is a big problem!" Xu Yi said straight to the point.
As mentioned before, although there are many hotels in Xiangjiang, in fact, there are only two top hotel management teams in the world. One is the large hotel group that Chu Huan is currently cooperating with, and the other is Jardine.
of Mandarin Oriental.
What Chu Huan wants to do is actually a chain of high-end hotels, so a professional management team of his own is a must!
This chapter is not over yet, please click on the next page to continue reading! This cannot be accomplished by recruiting a team from Jiaku. This team also needs to have professional hotel management capabilities.
Chu Huan said without paying much attention to this: "Don't worry, it will happen sooner or later. What you have to do now is to recruit a team in Jiaku to make them familiar with the business of the hotel industry, so that they can also do it in the future." Better integration with the new team!”
Xu Yi nodded and said: "I know!"
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Sha Tin Racecourse, Kowloon!
To be continued...