In early January, New Era Group made another move and announced that the comprehensive development plan for the power plant site at Hok Yuen Street in Hung Hom, co-operated by New Era Group and CLP, had been approved by the Hong Kong City Planning Commission on January 6, 1992. Committee approved.
The site covers an area of more than 600,000 square feet (changed, real data). New Era Group plans to develop 25 residential buildings, providing 4,750 residential units, with a total floor area of 3.5 million square feet. The commercial floor area is 300,000 square feet. Another A children's center, kindergarten and other rest facilities will be built. The entire development plan will be constructed in three phases.
For a time, Hong Kong and Kowloon were shaken.
New Era Group only announced last year that it would build two large housing estates and a commercial complex in Tsuen Wan, with a total investment of 18 billion (including land).
Just over three months have passed, and New Era Group has once again announced a big plan. People can't help but sigh: Lin Chaoren is not inferior to Li Chaoren at all.
Some media also pointed out that in this cooperation, New Era Group only spent 2.6 billion Hong Kong dollars on land compensation, and the average floor price was only 685 yuan per square foot, which is ridiculously low.
Even based on the current floor price, the selling price of this project is more than 17 billion. New Era Group has once again won a hugely profitable project.
Lin Chaoren also learned from Li Chaoren. After the collapse in 1989, he immediately negotiated with the Hong Kong government. This time, the Hong Kong government can only say that it learned a little bit, but it did not fully learn to be smart, which saved New Era Group at least 1.2 billion.
The media pointed out: Li Chaoren has plans for three major housing estates, and Lin Chaoru also has plans for three major housing estates. They are really superhuman.
.......
China Electric Power.
Lin Zuhui came to the old Kadoorie's office. This 93-year-old man still sat in the office for 10 hours a day and refused to retire until his death.
This makes Lin Zuhui, who only works eight hours a day (occasionally working overtime), and often takes time to eat with fairies at noon, feel ashamed.
But then I thought about it, Buffett spends a lot of time studying financial reports every day, while Lin Zuhui only invests based on memory; to put it bluntly, Buffett's efforts of more than 30 years are not as good as Lin Zuhui writing an answer sheet for an hour on paper (provided that Have capital and strength).
It confirms the sentence: Some people are born (travel) in Rome, and some people are born as cows and horses.
In the office, there were also Gordon and Michael Kadoorie, old retainers of the Kadoorie family.
It seems that when the old Kadoorie dies next year, Gordon will have to take over as chairman of the board of directors of CLP. When the time comes, he will hand it over to Michael Kadoorie.
In fact, Michael Kadoorie is 51 years old this year, but he became a father only last year.
Old Kadoorie said: "Mr. Lin is really good at timing. Your company only spent 2.6 billion on the land replenishment fee for the Heyuan Power Plant. It can be called Li Chaoren's Huangpu Dockyard."
Lin Zuhui said with a smile: "In any case, CLP has not suffered a loss, right?"
Although New Era Group's share is 55%, the land compensation fee and construction fee are all New Era Group's, so in total, CLP still does not suffer a loss.
In general projects, the land and construction fees are paid at 50/50 each. Obviously, because of the land supplement fee for this piece of land, the Kadoorie family did not even pay for the entire land.
Kadoorie said with a smile: "Of course! There are many people who work with Lin Sheng, and most of them praise you. We are also very satisfied with this cooperation."
In fact, according to Lin Zuhui, this project can be sold for an average of 7,000 yuan per square foot, with sales of almost 30 billion (including shopping malls), land compensation fees, construction fees, and tax costs of almost 8 billion, with a net profit of 200 yuan.
More than 100 million.
New Era Group can earn more than 11 billion yuan, which is not very exciting.
Huijing Garden can also earn more than 10 billion because it exclusively shares profits.
Li Chaoren's Laguna City will also earn 11 billion. As for the projects in Ap Lei Chau and Tin Shui Wai, they are basically more than 20 billion.
Real estate in Xiangjiang is so profitable!
Lin Zuhui said modestly: "Win-win cooperation is what it should be!"
Everyone chatted about the project, mainly Lin Zuhui introducing the development plan of this project to the Kadoorie family. After all, this project is developed by New Era Group, and CLP only shares the profits. Let them understand it properly, which can reassure people.
Kadoorie and his son are very satisfied. The development experience of New Era Group is no less than that of any real estate company in Hong Kong, and it has slightly better strength.
When Lin Zuhui left, Michael Kadoorie gave him a lift. As the two worked happily together in the hotel, Lin Zuhui and Michael Kadoorie became friends and occasionally held friends' gatherings.
Although the Kadoorie family is Jewish, their relationship with Israel is only average because of some grievances back then. Therefore, the Kadoorie family's charity activities are generally in mainland Hong Kong, Europe and the United States, but the proportion is disproportionate to Israel.
Precisely because the Kadoorie family regards Xiangjiang as its base, everyone can be friends, mainly because they often meet each other.
"By the way, what do you think of Thailand investing in a Peninsula Hotel?" Lin Zuhui suddenly asked.
Michael Kadoorie said somewhat conservatively: "Hong Kong's tourism industry has been sluggish in the past two years, resulting in a low occupancy rate in the hotel industry. The Peninsula Hotel's occupancy rate is only over 70%. Is it a bit inappropriate to expand now? Of course, I also
I am more optimistic about Thailand and investing in a Peninsula Hotel is still possible.”
From 1980 to 1986, the average occupancy rate of Hong Kong hotels was 86%, higher than the international average level of 65% to 67%. 1988 was the golden year of Hong Kong's hotel industry, with an occupancy rate as high as 92%. During the peak tourist season, almost every hotel
"Overflowing", many hotels have repeatedly apologized for being unable to accommodate bookings from overseas tour groups.
Precisely because of such a good market, a large number of luxury five- and four-star hotels were built in Xiangjiang in the late 1980s. As a result, by the time these hotels were built, Xiangjiang's tourism industry had already slumped.
This chapter is not over yet, please click on the next page to continue reading! Currently, only the Peninsula Hotel and the four hotels under New World can maintain an occupancy rate of more than 70%. Even the Furama Hotel has an occupancy rate of only 65% after renovation.
.
The Mandarin Hotel is even worse. In 1990, the occupancy rate was only over 40%, and in 1991, the occupancy rate was only over 50%. (The occupancy rate can reach breakeven when the occupancy rate reaches 48%)
When Lin Zuhui heard Michael Kadoorie's conservative words, he did not rush to promote it, but said: "Then let's keep this for now, and then think about it after Hong Kong's tourism industry flourishes!"
Michael nodded happily. Even though Lin Zuhui was only the vice chairman of the board of directors of the Grand Hotel, he had already established a firm foothold in the Peninsula Hotel. Mainly because he advocated the acquisition of the remaining equity of the Peninsula Hotel in Manila, New York, and Los Angeles, which saved the company money.
Got a lot of money.
The important thing is that Lin Zuhui is still the major shareholder of the hotel, and the Kadoorie family has only increased its shareholding to 25%, but it is no longer able to increase its holdings.
Because the market value of Peninsula Hotel has reached 30 billion!
Ever since Lin Zuhui took over Peninsula Hotel, the company's market value has remained high. Even when the stock market plummeted in 1989, Peninsula Hotel was very resilient and quickly rose.
This situation has set up great obstacles for the Kadoorie family to increase their holdings.
No solution!
.......
1 Barker Road.
At night, Lin Zuhui was lying on the bed, feeling a little excited because Guan, Li, and Lin were creating surprises for him.
I don’t know why, but Lin Zuhui particularly likes this combination, 38-year-old Lin Zixia, 30-year-old Guan Jiahui, and 22-year-old Li Jiaxin. (pictured above)
After a while, three beauties walked in, and Lin Zuhui was stunned!
"You use this to test cadres?" He couldn't help but say something.
Fortunately, the three women all know that Lin Zuhui is a mainlander and a new immigrant, and Lin Zuhui doesn't care if others say he is a mainlander. A mainlander can be the richest man in Hong Kong and can make tens of thousands of people in Hong Kong work for him. This is his strength.
Li Jiaxin was wearing a college uniform and said in a tone full of resentment: "Brother Hui, these are the same clothes as in "Blue Life and Death". Why did ATV write that the heroine has cancer? I cried every episode of this drama.
, I heard that this is the drama you selected?"
Lin Zixia was wearing a set of light beige fashion, which looked like a "Hong Kong fashion" style. What satisfied Lin Zuhui the most was her amazing bust. She looked like she was about to cry, and said: "This drama is really tragic, but
It’s just so addictive that you want to watch it!”
Guan Jiahui also dressed in Hong Kong fashion, nodded seriously, and then asked pitifully: "Can you tell us, has the heroine's cancer been cured? Did the two of them get together in the end?"
Lin Zuhui was speechless. Where were the expectations he had promised?
Except for Li Jiaxin's academic style, which is somewhat expected, it seems that she should be imitating the heroine's school days. The other two girls really have no allure at all.
"How can I spoil it? This is the most immoral thing!"
The three girls immediately gathered around!
"Zu Hui, you really know the ending, can you tell us? We promise not to spread it randomly!"
"It's Brother Hui, tell us!"
For a moment, Lin Zuhui felt the charm of "Blue Life and Death".
"No, I won't do anything that goes against my principles! But I'm curious, have all the clothes you are wearing been sold?"
Lin Zixia and Li Jiaxin were immediately disappointed, but Guan Jiahui said: "Yes, it was still a brand under the fashion brand at the time, and it designed the costumes for the male and female protagonists of this drama! Didn't you say you would do a 'star-matched style' gimmick? Our stores are all
The advertisement has been placed!”
Lin Zuhui nodded with satisfaction. Hong Kong culture naturally also includes clothing, and Leit Group has two clothing brands, which specially design the Hong Kong clothing styles described by Lin Zuhui, and sell and promote them in Hong Kong.
Although he is not a designer, he can always remember some styles of clothing from previous lives, describe them a little, and then let the designers develop their own ideas.
"Very good, it is necessary to keep up with Hong Kong culture! In this way, our clothing can be more popular in the world!"
After a simple praise, Lin Zuhui looked at the three women and shook his head, expressing dissatisfaction!
The three of them had deliberately teased Lin Zuhui, so they burst into tears and laughed, and then they all dressed up again.
After a while, the three of them walked in wearing satisfactory clothes and came to Lin Zuhui to show off.
There shouldn't be tragedies in this world. I hope tragedies only exist in TV dramas.
However, in January in Hong Kong, there were indeed two to three million people, shedding tears while watching "Blue Life and Death". As the first drama in Hong Kong culture, what it wants is to leave a deep impression.