Chapter 1213: Still a Rich Man

The sale of Hedong Garden has only made a lot of noise in later generations, in addition to its super high selling price. Also because it is an ancient building.

There are not many old buildings in Hong Kong, so every change will attract great attention. For example, in 98, the Hu family sold the Haw Par Villa to Li Chaoren.

In order to change the community, Li Chaoren decided to demolish the former Haw Par Villa, which caused great dissatisfaction among Hong Kong citizens, and the reputation of the Li family in Hong Kong has not been very good in recent years.

In the end, Li Chaoren had to compromise and only half of it was demolished, and the core building of Haw Par Villa was kept as a tourist attraction. Elsewhere became neighborhoods.

Hedong Garden actually has the same problems as Haw Par Villa. However, compared to the Hu family, the Haw Par Villa was sold and demolished by Li Chaoren.

The He family wanted to demolish Hedong Garden and turn it into a real estate project. This proposal was strongly opposed by the Hong Kong Historic Buildings Conservation Team.

At that time, it was reported that the Hong Kong government also proposed a compensation plan of 3 billion yuan in cash, but the He family refused. Because the price of the He family is 7 billion.

Later, one wanted to be demolished, the other strongly opposed, and finally the two sides were deadlocked for a while. In the end, the He family directly sold Hedong Garden for a high price of 5.1 billion, and the Hong Kong government immediately announced that it would strictly enforce the stamp duty on this transaction.

After the completion of the transaction, the buyer paid as much as 1.1 billion yuan in various taxes and fees. But even this did not shake the buyer's determination, and in the end, the grand deal was completed.

Then Hedong Garden was demolished and turned into a real estate project where developers could earn tens of billions. Of course, with the current price of real estate in Hong Kong, this project will definitely not make so much money. In the end, even if a deal is struck, it will not be as exaggerated as later generations.

After all, 15 years ago, the Hong Kong housing market has fully recovered, and prices are even crazier than before the financial crisis. Houses in the wealthy area on the top of the hill are as high as more than one million yuan per square meter.

However, even though Hong Kong real estate is still struggling in the quagmire, the transaction of Hedong Garden still attracts the attention of many people. After all, the entire Hedong Hedong Garden covers an area of 124,000 square feet, which is about 11,160 square meters, of which the buildable floor area is more than 5,500 square meters. This piece of meat is absolutely fatty.

It is also important to note that Hong Kong people believe in Feng Shui, and there is no doubt about the Feng Shui of the location of any historical building. You must know that the He family in the past was the first family in Hong Kong, and even the current He family is still rich and powerful, and the Hong Kong gambling king is a member of this family. In this way, the sale of Hedong Garden is a very hot topic even now, and there is no shortage of buyers.

"The He family wanted to demolish Hedong Garden for real estate development a long time ago, but the government has not agreed. After that, there was a financial crisis, and I didn't talk about it again.

Now that Hong Kong's economy is starting to recover, so is the real estate market. The government also needs some big real estate projects to stimulate the market, so the He family once again proposed to develop Hedong Garden, but the official still did not agree to the demolition of Hedong Garden. So the He family released the words that they wanted to sell Hedong Garden. The sixth uncle explained.

Yang Dongxu nodded, this sentence was probably released in a circle, and it was normal for him to not get the news for the time being. And it is very likely that the He family does not necessarily have to sell Hedong Garden, but just use this trick to put pressure on the government.

After all, because of the reason of one country, two systems, the management of private property in Hong Kong is based on the sanctity of capitalist private property.

And the He family is a big family in Hong Kong, and while it is deeply rooted in Hong Kong, it also has a lot of involvement. So the government didn't agree, and the He family didn't dare to come hard.

But selling to someone else is different, as long as all the formalities are completed and the handover is completed. Whether the person who bought the Hedong Garden demolished the Hedong Garden or preserved the ancient building depends on the mood of the buyer, and the Hong Kong government is not easy to ask.

"The people who bought Hedong Garden are probably rushing to demolish the previous building and develop a top real estate project to make a profit. If the He family really makes a move, it will be a bit cost-effective for me to buy it. Yang Dongxu thought for a while and said helplessly.

The He family has too many involvements in Hong Kong to force it, and Yang Dongxu also has a lot of assets in Hong Kong, but he has the nickname of Yang Bancheng.

Li Chaoren demolished half of the Haw Par Villa and was scolded by the people of Hong Kong and had to stop, if he dared to demolish the building after taking Hedong Garden, his reputation is estimated to be even more stinky than the current Li Chaoren.

But if the Hedong Garden is not demolished, the profit margin of the development of real estate projects will be limited. After all, as the only building on that land, Hedong Garden occupies the most essential part, and the design of the other houses in the whole project is a big obstacle if it is not demolished.

So even if the He family really wants to sell Hedong Garden, if he buys it. For the sake of reputation, consider not demolishing Hedong Garden, and build a community on other land, and the profit margin is actually similar to the development of other real estate projects.

In addition, after buying Hedong Garden, whether it becomes a scenic spot like the current Haw Par Villa, or as the owner of Hedong Garden, it is very troublesome to repair and protect the ancient buildings. And Yang Dongxu is undoubtedly the most afraid of trouble.

Of course, the profit is limited, but relative to the current housing price, if the two years can take the Hedong Garden. Even if the previous buildings are not demolished, some villas will be built on other vacant lots.

By the time Hong Kong's real estate took off, the profits made in it were still a lot of money. After all, the housing prices in the wealthy area on the top of the mountain are now less than 100,000 yuan and less than 200,000 square meters. But in another decade or so, housing prices soared to one million square meters.

There is at least seven or eight times the return on investment, and this return is still a huge investment base, seven or eight times more than the report. For example, according to the current housing price of 2 billion yuan, almost 2.5 billion cap to win Hedong Garden, it is estimated that there is no big problem.

In the case of preserving the ancient buildings and not demolishing them, discussing the tax issue with the Hong Kong government can save a lot of money. Counting the cost of developing other real estate projects, the overall investment of 3.5 billion yuan can be opened.

After more than ten years, an investment of 3.5 billion yuan can earn at least 20 billion profits after removing the capital, and this is only a conservative estimate. When the time comes, if you do it properly, you can have more profit margins.

Of course, if the garden can be demolished and the land can be reasonably replanned, the profit earned can be at least 5 billion yuan.

"So you're not going to make a move?" The sixth uncle couldn't help but be a little disappointed, in fact, before he was sure whether the He family really wanted to sell Hedong Garden, he told Yang Dongxu the news.

The sixth uncle just wanted to see if Yang Dongxu could really take down the Hedong Garden, and then make a profit in other aspects on the premise of preserving the ancient buildings.

This is undoubtedly the best of both worlds, and as an old man from that era, he still misses the old. Especially since both the former owner of Haw Par Villa and the older generation of the He family are friends.

In fact, if it weren't for the fact that the funds did not allow it, if the He family really sold Hedong Garden, he would have taken it. When the time comes, not to mention making money, he will be very satisfied with building a few villas elsewhere as long as he can keep the capital.

"It's too early to say whether to make a move, and the Ho family may just put a smoke bomb to put pressure on the Hong Kong government. Let's see, it's too much when they actually want to sell. Yang Dongxu said with a smile.

It's not a buying and selling that goes on the pole, let alone such a large transaction, and it definitely can't let the opponent grasp his own ideas. And there is really no need to rush this deal, it doesn't matter if it drags on for a year or two.

"If you are willing to preserve the ancient building and not demolish it, no matter whether the He family set off the smoke bomb this time or not, I will help you talk about it. The sixth uncle spoke.

Yang Dongxu glanced at the sixth uncle in surprise, but seeing the look on the sixth uncle's old face, he obviously understood a little. So he nodded and didn't look for any excuses: "Then ask, if the other party is not a lion, find a time to talk." ”

Since I came to Hong Kong to see Uncle Six, I would definitely not stay in a hotel at night, so I talked with Uncle Six for a while after dinner. Yang Dongxu stayed overnight in the sixth uncle's old house.

"Are you interested in Hedong Garden?" Zhou Ya sat in front of the dresser and smeared some maintenance cream. The little one was playing crazy in the yard in the afternoon, and he was already asleep by this time.

Zhou Ya had spent a lot of time in Hong Kong before, so she was very familiar with the situation in Hedong Garden even if Yang Dongxu didn't say it.

"I'm not interested in Hedong Garden, I'm more optimistic about Hong Kong's future real estate projects. Chen Xin has a large amount of money in his hand and has nowhere to spend, so I am ready to take Hedong Garden with private investment and make a long-term investment. Yang Donggu said.

"What do you expect to be like in Hong Kong?"

"Look at the mainland's housing prices will definitely soar again after this regulation, and Hong Kong's geographical location is too special, and the housing prices here will definitely be higher than those in the mainland.

Therefore, even if the Hedong Garden cannot be demolished at that time, the development of the buildable area on the land alone will be very profitable. Yang Dongxu said casually.

Zhou Ya nodded: "How are things going on over there of the rich family?"

"Dade Real Estate filed for bankruptcy, and more than half of its previous assets were recovered by the bank, and then divided among other real estate companies. Hong Kong's industry is also scattered.

However, Fu Dehai bought a lot of houses in Hong Kong with me before, and even if he went bankrupt, he could get a sum of money. In addition, Fuchaming also has his own jewelry company, if he doesn't mess around, it is not a problem for the family to be rich. ”

The emaciated camel is bigger than the horse, don't look at this time the rich family planted a big heel. But even if the assets in his hands have shrunk greatly, they are not comparable to ordinary people.

Especially at this time, Fudehai has at least hundreds of millions of funds in his hands, although compared with the previous market value of tens of billions of Dade Real Estate, Fudehai is worth tens of billions. There is only one percent left in this downfall, but one percent is also 100 million, which is beyond the reach of many people.

And Fudecai still has shares in Haina, and the jewelry store in Fuchaming's hands is now worth more than 2 billion. So rich families are still billionaires even if they go bankrupt.

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