Chapter 333: Entering the Real Estate Market of Treasure Island
Compared with the problems on the bank's side, the discussions on the development issues in the future period were quite lively.
All parties have placed Baodao as their first choice for going global, and mainly Taipei and Hsinchu. Whether it is Chinese Real Estate, Kowloon Construction and Guanghua Construction, in the next two or three years, they all want to focus on these two places.
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Each of the reasons is quite sufficient, Zhang Guangwen said: "Baodao and we have the same origin, we are both descendants of the Yan and Huang people, and the economic development there in recent years is not much slower than that of Xiangjiang.
Taipei is the political, economic and cultural center of the island. Coupled with the development of the automobile industry in recent years and the upcoming Taipei MRT, the real estate industry has great potential.
There are many universities in Hsinchu, and with the establishment of the Hsinchu Science and Technology Park, the future development is unlimited. I believe that we will benefit a lot from the layout of the Hsinchu real estate industry."
Because of the Taipei MRT, Xinjian Real Estate will focus on Baodao in the next few years. We also hope that several real estate companies will form a group to develop together, which will be more conducive to the development of all parties.
On the contrary, Hutchison Real Estate, because its main business is high-end luxury communities and commercial buildings, it hopes to focus more on Japan than on the Baodao market.
Currently, Japan is far away from Shengbao Island and other Southeast Asian countries, both from a market perspective and from an economic perspective.
What is not good for Hutchison Real Estate is that the relationship between the Tung Wah Association and the Japanese consortium is quite unfriendly, and it is not very smooth for Hutchison Real Estate to develop alone.
Compared to the Baodao market, Li Jianhui actually hopes that everyone will enter the Japanese market. He has memories of his past life and knows very well how crazy the Japanese real estate market was in the 1980s.
It was a pity that all parties focused on the Baodao market, and since the Tung Wah Association and the Japanese consortium were not easy to deal with, he also respected the opinions of these people and focused on developing the Baodao market in the next few years.
As for the Japanese real estate market, he is planning to let several secret holding groups enter to grab a bone before the Japanese real estate market bubble bursts.
After the speeches of these real estate company executives, Li Jianhui said: "Since so many people are optimistic about the real estate market in Baodao, we will focus on developing the market in Baodao before the property market in Xiangjiang picks up.
I suggest that you focus on Taipei, Hsinchu, and Taoyuan. I don’t need to say much about the first two. Although Taoyuan currently has few advantages, it only has one international airport.
In the future, Taipei MRT will connect Taipei and Taoyuan, Xinjian Group will also increase its industrial layout in Taoyuan, and the Jade Lion Jaguar Automobile Manufacturing Company, a joint venture between Jade Lion Group and Jaguar, will be located in Taoyuan.
And according to the news reported by Jade Lion Group, Jaguar Motor Group intends to establish its own automobile production base in Taoyuan."
Hearing that Li Jianhui supported the focus on the real estate market in Baodao, Li Guobao and others also breathed a sigh of relief.
They know very well that Li Jianhui has always hoped to focus on entering the Japanese real estate market. Currently, Wheelock Land has built Wheelock Plaza in Tokyo, and also plans to acquire land in Osaka and Nagoya to build the second and third Wheelock Towers in Japan.
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Wei Li has not been idle in Japan. In addition to establishing a Wheelock Cinema chain for the Xin Jian Department, which ranks fifth in Japan, he has also made considerable progress in retail and real estate through joint ventures with local companies.
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Fortunately, Li Jianhui did not go all out to ask everyone to form a group to enter the Japanese market, but respected their opinions.
In the view of Li Guobao and others, the real estate development in Baodao is not much worse than the Japanese market, and the Baodao market is safer and will generally not be disturbed.
And with the news from Li Jianhui, they can make arrangements in advance to obtain more benefits.
Unlike in the past, which was obtained through auctions, following Li Jianhui in the past few years, they were accustomed to acquiring land at extremely low prices and waiting for the land value to appreciate before developing it.
Whether it's Tseung Kwan O, Tin Shui Wai, North District, or Baodao, they have laid out their plans in advance. When these industries enter the market, land prices will naturally soar, and they will earn a lot of profits from this.
For example, in the current property market in Xiangjiang, even if housing prices have been cut in half, not to mention that all their development projects have been sold at high prices, even if they are sold at the current price, several major real estate companies will not lose money in several major areas.
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While many real estate companies acquire land at prices as high as two to three hundred per square foot, companies such as Chinese Real Estate and Kowloon Construction have acquired land at prices six to seven times lower than these companies because of their advance layout.
After tasting the benefits, they increasingly like this model in Tseung Kwan O, Tin Shui Wai and North District.
Plan in advance, and after acquiring the land, let the industry enter. After the industry is established, the value of the previously acquired land will naturally increase, and major companies can easily make profits.
The model of Li Jianhui and others has not been studied by several other major consortiums in Xiangjiang. Unfortunately, the other several companies cannot compare with the Xin Jian Group in terms of industry, and there is no way they can copy it.
While the real estate side focuses on developing the Baodao market, the bank side is shifting its focus to the ASEAN market.
In the next few years, the four major banks will focus on Southeast Asia. Not only providing loans to Southeast Asian enterprises, financing is also an important business of these major banks, especially financing some enterprises with relatively high potential.
After the meeting, Li Jianhui, Li Guobao and other members of the Donghua Association held a small meeting alone.
At present, Tung Wah Club is focusing on the Baodao market and the Southeast Asian market, which will inevitably make some people think too much.
Since the end of the first ASEAN-Hong Kong Economic Cooperation Forum, there have been some rumors for more than a month.
At such a time, many real estate companies from the Tung Wah Club have entered the Baodao real estate market on a large scale. I am afraid that the rumors on the market will become more serious.
Feng Jingyao said in a deep voice: "These gossips in the market are just trying to sow discord between us and the North, and I believe the North can see clearly.
At present, the property market in Xiangjiang is collapsing. If our industry wants to develop, it must step out. This is normal business behavior. If some people really make dark speculations about this, we have nothing to do with it.
Jianhui, sometimes you just care too much and are conscientious. Our Donghua Association is worthy of that, but what?"
Li Guobao and others also expressed their opinions one after another and ignored the rumors for the time being. They sat upright and none of those present had any intention of transferring their household registration.
Xiangjiang is where they have lived since childhood, and this is their root. No matter how the situation changes, they will never choose to leave Xiangjiang.
Moreover, the people present are all businessmen, and they naturally act according to the standards of the business world. When they see no benefit there, they will naturally turn elsewhere.
Although Li Jianhui has memories of his past life, he cannot make decisions for these people. He knows very well that it will take at least five or ten years for real estate to develop there.
It is impossible for these real estate companies to be stuck and waiting for such a long period of time. After all, these companies need to develop and their employees also need to eat.