As Jingwei Capital sent "Cyberport Feasibility Report" to the Hong Kong government one after another, the plan became clearer and clearer, and the Hong Kong government finally decided to discuss it seriously.
At the Legislative Council meeting, everyone was more inclined to agree with the establishment of the "Cyberport". In their view, the Hong Kong government can get a financial income from selling the land to Lin Zuhui. As for the success of the Cyberport, it depends on Lin Zuhui.
Rich people with fat pockets should do it.
It was a success, and the Hong Kong government deserves credit for approving this project!
If it fails, the Hong Kong government will make money, and large land sales fees can alleviate the current losses caused by the decline in official land.
Of course, this matter still needs to be communicated with the mainland authorities, but members of the Hong Kong Legislative Council believe that with Lam Cho-fai’s reputation, there is no problem with the mainland’s consent.
Fei Peng took a look at the Chief Secretary she appointed. She was the first Chinese Chief Secretary in Hong Kong. Because of this, she followed her own ideas.
The Chief Secretary immediately understood that her boss had already communicated with her, so she said: "This is originally a government project, how can it be handed over to private developers? What if the private developers just use the name of technology to develop real estate?
We can make a lot of money on this project. Therefore, I suggest that the Hong Kong government also participates in the project. We will provide the land and the private developers will pay for the construction fees. At the same time, we must emphasize that the rental price of residential and office buildings should not exceed half of that in the urban area. In this way
This is truly beneficial to the development of Hong Kong."
The congressman was quickly convinced because it made perfect sense. After all, real estate developers are greedy, and even Lin Zuhui cannot trust them.
In everyone's opinion, with Lin Zuhui's shrewdness, it is indeed possible to go into real estate under the concept of "Cyberport". This is because this project has a floor area of 5.85 million square feet in the latest plan, of which only
The residential floor area is as high as 3.8 million square feet, the office space is 1.5 million square feet, the retail area is 300,000 square feet, and the hotel is 250,000 square feet.
For such a huge project, even if the land is sold for a higher price, Lin Zuhui may still make a lot of money because there is no competition.
As for the so-called "Cyberport" to develop emerging technology industries, everyone is not sure that Hong Kong can develop it, but they think it is a good thing.
Some members said: "This should indeed be the case. If private developers agree to cooperate, we can control the price of office buildings at half the level, and then our Hong Kong government and private developers will cooperate to set up a committee. Only real technology companies can
By staying at the Cyberport, this can be regarded as our Hong Kong government supporting emerging technology industries."
Everyone thought it made sense, but they did not say that the land would be put out for bidding. After all, it would be easy to offend Lin Zuhui. This is not the most important thing. The important thing is that this project requires Lin Zuhui to communicate with the mainland officials, and it also needs a leader like Lin Zuhui.
Leading such a huge project.
In Hong Kong, there should be no one more suitable for this project than Lin Zuhui. As everyone knows, Lin Zuhui has invested in Xiaomi technology, game development, software development and other industries. It is said that he has also established a venture capital fund in the United States.
It can be said that without Lin Zuhui, no one has the confidence to complete this project!
Fei Peng finally said: "Okay, if that's the case, then we agree to continue the study, and the Hong Kong government will set up a project team to communicate with private developers."
He just wanted to agree to this project because it was one of his political achievements, delivered to his doorstep; therefore, he arranged for the Chief Secretary to come up with his own ideas. After all, even though he was the leader of Hong Kong, he had to consider the opinions of the Legislative Council.
Generally speaking, if the Legislative Council agrees to something, the Hong Kong government will also agree to it.
.......
After the Hong Kong government was interested in cooperating with Lam Cho-fai's private investment company on the Cyberport project, the Hong Kong media also got the news and began to report wildly, which suddenly pushed Lam to the forefront of public opinion.
The media and public opinion have expressed their opinions one after another, but it seems that most 'experts' and 'critics' have expressed their disapproval and believe that Hong Kong is not suitable for the development of high technology.
Bigger public opinion is yet to come. The Hong Kong government kept the "Cyberport" plan secret in advance. After the plan was announced, the nine major real estate developers just woke up. By this time, Lam Cho-fai had already taken the lead (the Hong Kong government was interested, but had not signed the contract).
.
Since Lam Cho-fai obtained the development rights of the "Cyberport" by granting free land, which was the first time in Hong Kong (not counting subordinate social institutions), it naturally aroused many people's suspicions about the private grant and acceptance between the Hong Kong government and Lam Cho-fai.
Criticisms came one after another, and the Hong Kong media also criticized the Hong Kong government.
Although the Hong Kong government has repeatedly emphasized that this is a high-tech project, public opinion believes that since more than 60% of the buildings are residential and are for sale, the "Cyberport" is just a fancy name for real estate. In this way,
Lin Zuhui has received a lot of benefits. With only a small amount of funds (construction fees can be obtained through loans and installment sales), he can have 3.8 million square feet of residential development rights and a large number of office buildings. The cost is small and the profit is high. It is estimated that the residence can earn
5 billion Hong Kong dollars (shared half and half with the Hong Kong government), no wonder public opinion is wary. They are also worried that once the free land grant is launched, it will become an excuse for everyone to follow suit in the future.
In the 'Cyberport' plan, the nine major real estate developers (including Cheung Kong, Henderson, Sun Hung Kai, Swire, Land, New World, Hysan, Hang Lung and Great Eagle) did not get any "oil and water", and their attitudes became even more fierce.
They accused the Hong Kong government of changing the rules of the game of buying land in cash and granting land through private negotiations. The price per square foot of leasing office buildings was only half, which was far lower than the leasing price of their office buildings, which harmed them.
interests and had a huge impact on them, which made several major developers very angry.
........
Lin Zuhui did not expect that the resistance would be so great. He had a pleasant communication with the mainland officials, but he did not expect that the major real estate developers and public opinion in Hong Kong would make a fuss.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! To be honest, his original intention was that the Hong Kong government would sell the land to him, and the Hong Kong government wanted to participate in the development. Of course, Lin Zuhui is not stupid, it was the Hong Kong government who wanted to
Come in and get a share of the pie - political achievements and money.
After the Hong Kong government and the mainland expressed support, unexpectedly, the Hong Kong real estate developers started making trouble again.
In business, Lin Zuhui could understand their thoughts. But that didn't stop him from labeling them "short-sighted" because he knew that this project really couldn't make any money.
It seems that there are 3.8 million residential buildings, but after the Asian financial crisis, residential properties in Xiangjiang fell by 60~70%. How can we make money?
As for office buildings, the rent is only half of that in the urban area, and you can’t make much money!
Even if the house can be covered up and sold when real estate picks up, the interest generated every year during this period will still be high.
Therefore, Lin Zuhui soon conveyed his voice through the media.
First, his initial idea was that the Hong Kong government would sell the land to him and his private investment company would develop it. It was the Hong Kong government that was responsible for this project, so he was willing to give up the high land sales fee, participate in it, and contribute to the development of Hong Kong.
Make a contribution.
Second, I am not optimistic that this project will make a lot of money. If a developer is willing to join, I welcome it. Anyone who is interested in investing can become a shareholder, but the project is jointly led by Matrix Partners and the Hong Kong government.
Soon, Lin Zuhui's remarks were reproduced in the media, and it became very lively again.
It can be said that public opinion has once again turned its direction, favoring Lin Zuhui's side, because:
First, what Lam Zuhui meant was very simple. He was not short of money and could buy land to develop independently. The Hong Kong government believed that this project needed government supervision, so it got involved.
In the second generation, this project ‘doesn’t make a lot of money’. Everyone is interested in investing, and Lin Zuhui welcomes it.
For a time, the nine major real estate developers also started discussing.
.......
New Era.
Zheng Jiachun said to Liang Zhijian: "I know him, he said he doesn't make money, maybe he really doesn't make money!"
Liang Zhijian said doubtfully: "There is no reason not to make money. The selling price of 3.8 million square feet alone is about 18 billion; even if the construction fee is 8 billion, plus taxes and interest, the cost of 12 billion is enough! Hotel,
The rent for office buildings and retail parts is also very high every year..."
Zheng Jiachun suddenly started thinking and said: "Maybe he is not optimistic about the market outlook of Hong Kong. Of course, it is also possible that the rent will be used to develop the technology industry of Cyberport. Therefore, this project really cannot make a lot of money!"
Liang Zhijian had to say: "What does the general manager mean, we will not participate?"
Zheng Jiachun nodded and said: "Forget it, my father means the same thing. After all, with Lin Zuhui's power, so what if everyone is not allowed to join? After two days of turmoil, we still haven't reached a cooperation agreement with the Hong Kong government."
Liang Zhijian thought about it, this is really the case, everyone is making trouble, but if the Hong Kong government and Lin Zuhui sign a contract, what can everyone do?
"Okay! But the rent is only half of the urban area (half of Wan Chai), which really hurts the property market!"
"You can't say that. He, Lin Zuhui, is the largest rent collector in Hong Kong, and he will suffer the most losses. Fortunately, there is only an office building of 150 square feet, so the impact will not be great."
.......
Similar to the views of the Zhengs and his son, there are still several real estate developers who suddenly feel that they will not make much money by joining this project (which is subject to regulation and the current real estate market is declining), so they have stopped speaking out to show that they do not participate.
Those who still believe that this project can make a lot of money include Hysan Land, Cheung Kong, Land, Sun Hung Kai, and Great Eagle, and they openly hope to participate in it.
Lin Zuhui took a look and saw that they were all companies that were not very 'friendly' to him, so they didn't trust him, so he immediately decided to get everyone involved and make a contribution to Hong Kong's technology industry.
He also handed over this project to New Era Group. After all, it was meaningless to hand it over to Jingwei Capital.
Assuming that this project started construction in 1995, it is obvious that the first phase of off-plan houses could still be sold in 1997, but after that, the price of houses in Xiangjiang increased from 8,000 to 10,000 yuan per square foot to about 3,000 to 4,000 yuan per square foot, and this project was no longer available.
If the profit is too large, it may be a small profit, or it may be flat.
But in any case, Lin Zuhui's goal is a "digital city" where office buildings can attract technology companies to settle in, retail areas can sell electronic products and electronic parts, hotels can attract guests, and residential buildings can provide accommodation for technology personnel.
As for whether big companies can enter the Cyber City, I believe that with Lin Zuhui’s connections and his own industry, he will be many times better than what Li Zekai did in his previous life.
New Era Group quickly established the project, and of course absorbed the project team and information from Jingwei Capital, and quickly entered the status quo. As for those real estate developers who were willing to join, Lin Zuhui offered them 25% of the shares, and New Era Group had its own
30%, and the remaining 45% is held by the Hong Kong government.
After the Cyberport is completed, it will of course be run independently as a company. Lin Zuhui’s original intention is to think about the development of Hong Kong.