The number of real estate developers who came to us was far less than the number of bank representatives.
There are also construction companies, building materials companies, design, surveying, decoration, greening, etc. Su Yehao's assistant office is often guarded by a large number of people at the door, all wanting to get a piece of the Kai Tak Cyberport project.
These are issues that need to be considered only after acquiring the land.
When Vice President Zheng Yongwen saw Su Yehao again, he sighed and told:
"I fell into your trap, and the task is more complicated than I thought. Those developers hold a lot of land, and the houses before the bubble have not been fully digested. In addition, there are many bankrupt and discounted properties on the market. Reliable allies are very good.
It’s hard to find. They just want to invest a small amount of money and continue to wait and see the situation. They were all frightened by last year’s sharp decline and have not completely escaped from the panic.”
Su Yehao stood up and spoke without any pain in his back, and joked: "Did such a small setback make you start to have difficulties? When did you lose your dream?"
Zheng Yongwen concurred with dignity and said:
"When I agreed to cooperate with you, at least all of Asia... No, one of the richest small groups of people in the world. I have already contacted potential investors that I can contact, and I have received many rejections. The rest
It all depends on your performance. If people know that our progress is not going well, the entire project will probably collapse. The higher-ups already have some doubts about your ability. If you can be a good Internet company, you may not be able to develop such a large piece of land."
Su Yehao waved his hand and replied calmly:
"Don't forget, real estate is my Su family's old business. Hearing that I am so ambitious, my old man is very happy. He has been worried that my business will be messed up and wishes that I would invest all my money in the real estate market. The Bank of China gave me
I replied that if the land is used as collateral, a loan of 10 billion Hong Kong dollars will not be a big problem. It is difficult for President Peng to go back and forth to the 49 cities twice in five days. It is said that he almost broke the table with the big banker."
Vice-President Zheng Yongwen's personality is not optimistic and cheerful. He seemed a little more positive only when facing interviews. At this moment, he poured cold water on him and said: "A large loan of 10 billion Hong Kong dollars, even if it is only one ten thousandth of the bonus, the amount is
It’s a lot, but I may not really help you wholeheartedly.”
"Don't worry about this. Anyway, I can get 20 billion Hong Kong dollars by selling iron and steel. The financial management on Nasdaq is still rising. There is no guarantee that I won't need a loan by then. As long as I can handle the majority of this, there will be no rest."
Question?"
After hearing Su Yehao say this, Zheng Yongwen was obviously much more relaxed, smiled and said:
"With this guarantee, it is basically stable. After negotiating again yesterday, they are worried about roads, greening, and parks. Someone has calculated that the bearing capacity of the runway is insufficient, and parks will be built on large tracts of land. If sold,
The land has received 20 billion, and at least 4 billion must be used for infrastructure construction. Who will come up with this money is also a question."
Su Yehao didn't even think about it and continued: "Since you are afraid of paying, then give me more residential building areas. Wouldn't it be okay?"
What he means is that if the residential building area is planned to be 800,000 square meters, and the land transfer price is calculated as 20 billion Hong Kong dollars, if the residential building area is raised to 1 million square meters now, it will be sold for more than 20 billion Hong Kong dollars.
There was no loss, but more money was gained. It was undoubtedly a trouble-free method.
"...Master Su, if you are willing to pay more, it will be easier to get it done."
Vice President Zheng Yongwen coughed twice. He was currently standing on the Sihai International yacht, looking at the high-rise buildings in Central on the shore. He added: "They have begun to consider infrastructure spending. This is barely good news. It means that they have seriously discussed your plan."
Plan. However, now that I am thinking about collecting money, it also means that the possibility of choosing plan B is relatively high. With a sum of cash now, the land on the tarmac can be slowly developed in the future."
The Bank of China is willing to provide funds, and there are many other bank representatives who come to the door. If most of the land is used as mortgage guarantee, Su Yehao only needs to pay a small part himself, and the financial pressure is not too great.
so.
Su Yehao, who has a lot of money and a bold tone, told: "Whether it's A or B, just get it as soon as possible. It's not about building a wafer foundry. It's actually easy to say it's troublesome..."
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After the two had a brief conversation, Zheng Yongwen felt enlightened again.
In the blink of an eye, a few days later, a new plan based on Plan B was released.
The content is to spend approximately 23 billion Hong Kong dollars to obtain approval for a total construction area of 1.49 million square meters, including the Cyberport and residential land, with a lease term of fifty years.
The land in Hong Kong City adopts a leasing system, which is only rented but not sold. However, the buildings on the land are privately owned, so the lease period issue does not actually have much impact.
The total area of the runway is more than 1,700 acres, and the overall planning and design is based on low-density buildings.
The green infrastructure part is paid for by the above, while the docks, parking lots, etc. are paid for by Su Yehao and enjoys the right to operate and manage them. The park is a public facility and is open to the public free of charge.
It's different from the Li family's fussing over everything.
This time Su Yehao's plan was quite sincere, and the negotiation speed was relatively fast. The formal discussion and review began a few days later.
It must be because the higher-ups are particularly short of money that the efficiency is extremely fast.
The advancement speed exceeded everyone’s expectations...
unconsciously.
Time has entered May.
On May 6th, Su Yehao and official representatives jointly held a press conference.
Zhao Yimeng's father, He Shaofan's father and others also came. They are all partners in the project, involving a total of sixteen companies, with investment amounts ranging from 100 million to 2 billion.
Sun Hung Kai spent 2 billion Hong Kong dollars, which is indeed a wealthy company.
Donghuang Group gritted its teeth this time and took out 800 million Hong Kong dollars. He Shaofan's father took 350 million Hong Kong dollars. There were also other investors with varying amounts of investment. Wharf took one billion Hong Kong dollars.
come out.
According to the final agreement, 23.5 billion was spent to obtain approval for a construction area of 1.4 million square meters, with a lease term of 50 years.
Zheng Yongwen and Su Yehao only found HKD 6.7 billion from outside, and Su Yehao borne the rest.
After the news was announced, the unveiling ceremony of the new company followed closely.
The name was chosen by Su Yehao himself and is called "Green Diamond Group". The logo is a green diamond with a red lightning symbol drawn inside it. It will lead the development and management of the Kai Tak Cyberport project.
If you are in a good mood in the future, you may get pink diamonds, black diamonds, yellow diamonds, etc.
No matter what the other partners think, Su Yehao believes that the name has not been messed up this time. It is both green and noble. He holds 75% of the shares in this new company.
In other words, Su Yehao spent HK$17.625 billion to buy the land, and other shareholders contributed HK$5.875 billion.
Other shareholders still have more than 800 million Hong Kong dollars left. Su Yehao will also spend more than 2 billion Hong Kong dollars as start-up capital to first develop office buildings, hotels, and shopping mall complex projects in Cyberport.
The consensus of all shareholders is that they hope that residential land can be suppressed and construction will not start until the property market picks up to prevent profits from being too low.