430 Four major investments
After Ma Shimin took the order to leave, Xu Zhi also quickly calculated that the cash in Hutchison's hands was as high as 15 billion Hong Kong dollars, such a large amount of money, even if the No. 7 berth wharf and the Whampoa Plaza project were carried out at the same time, it was more than enough, after all, no matter how many projects there were, even if it was an investment of more than 10 billion, most of them would use bank funds, and the investment would also be invested in batches, and the entire project would be divided into the first phase, the second phase and so on.
After entering the 90s, Xiangjiang Terminal has been the world's largest terminal for a period of time, until the rise of the mainland in the 21st century, the throughput of Hangzhou Bay Terminal in Shanghai and Ningbo Zhoushan Terminal exceeded Kwai Chung Terminal, but the business of Xiangjiang Terminal has not shrunk, but is getting better and better, and the container throughput of the terminal has been on the rise, but the increase is not as good as the mainland.
Although the investment may require 150~20 billion Hong Kong dollars, if a CBD business cluster with a total area of 20 million feet (2 million square meters) is built, then the income is enough to be comparable to a money printing machine.
In the 21st century, the price of office buildings in Hung Hom is as high as 15,000 Hong Kong dollars per square foot (almost 150,000 Hong Kong dollars per square meter), and the value of the entire Whampoa Plaza is about 300 billion Hong Kong dollars, not counting the value of some of the shopping malls far exceeding the office buildings.
Moreover, in this life, Xu Zhi intends to build Hung Hom into another economic center of Xiangjiang, and in the future, the value of real estate will only be higher.
In terms of rents, after the Sino-British negotiations, Hong Kong's economic institutions began to transform, with industrial retreat, rapid development of the service sector and tourism, and the increasing demand for office space in this economic model, which also led to a sharp increase in rents.
By the end of the 80s, the average rent of Grade A office space in Central was as high as 60 yuan per square foot per month, which means that if you own a 100,000 square meter office building in Central, then the rental income is 60 million Hong Kong dollars a month, and 720 million yuan a year (just income, not profit).
In the 90s, the mainland began to further comprehensive reform and opening up, and as a combination of Eastern and Western cultures, a large number of foreign capital entered, and countless Western enterprises intended to enter the mainland market opened offices in Xiangjiang one after another. At the same time, the mainland's economy has risen, and a large number of state-owned enterprises have begun to enter Hong Kong, which has led to a sharp increase in office prices and rental prices.
According to a 1992 report by Hongkong Land, the largest property management company in Hong Kong, 70% of the tenants of its properties were overseas international institutions, and foreign companies became the backbone of supporting the maintenance of high office rents in Hong Kong.
In the mid-90s, the rent of office buildings in Central was as high as HK$120 per square foot per month, which was expensive, forcing a large number of enterprises to start moving to other areas.
In the 90s, the normal office rent was as high as HK$30-40 per square foot per month, and aside from the commercial rental price of Whampoa Plaza, the monthly rent of an office building alone could be as high as HK$600 million to HK$800 million, and the annual rental income could be as high as 10 billion.
And in the 21st century, rental income is bound to be higher.
The real estate market in Xiangjiang is so unreasonable, but in 1991, the entire property market rose by 55% in a year, and in 97, the house price was 4 times that of 91.
In fact, the real estate bubble in Xiangjiang is even worse than that in Japan in the early 90s, but after all, it is a small city, and its influence is far less than that of Japan. Even after the bubble burst, with the help of the outside world, an even bigger bubble was gathered.
The total investment of these two projects is as high as HK$20 or 30 billion, but only a small part of the funds need to be paid in advance, but will be injected in batches in the next few years.
If it is an ordinary company, or even a master of management like Li Jiacheng, he will not carry out other large-scale projects, because the most important thing in running a company is not how much profit there is, but risk control.
However, Xu Zhi is not willing to stop at this time, the risk of others is not at all for him, of course, he will not prepare billions of Hong Kong dollars of funds, put them in the company's account to eat interest, in the next ten years, the price of housing in Xiangjiang will rise tenfold, although he will not buy houses everywhere at a low level, but if he encounters a suitable large-scale project, he will still choose the opportunity to move.
……
Time flies, and another half a month has passed.
However, the citizens of Xiangjiang have been bombarded by several big news during this time.
In October, the British government in Hong Kong made great efforts to finally stabilize the exchange rate of the Hong Kong dollar, and the main reason for this was not how much foreign exchange reserves the Hong Kong government has, but because China and Britain finally had a clear intention to negotiate on the future of Hong Kong.
For the first time, Downing Street publicly stated that it would no longer demand to continue to hold the sovereignty and governance of Hong Kong, and the main content of the subsequent negotiations was how to transition from 83 to 97, as well as the interests of British capital within Hong Kong......
Although the contradictions are thrown away, now China and Britain can finally sit down and negotiate steadily, the sword of Damocles hanging over the heads of the people of Xiangjiang has finally disappeared, and the worst outcome will not appear again, as long as they can negotiate, it is easy to say anything.
The problem of the future is solved, and the second most important thing is naturally the economy, and for many people, the economy is even more important than life, that is, ordinary people who have lost a large number of jobs because of the economic crisis.
More than half a month ago, Xu Zhi publicly announced the 20 billion Hong Kong dollar investment plan at the press conference, which gave countless people hope for survival.
The media in Hong Kong can't wait, and every newspaper and reporter wants to be the first to get accurate information.
Finally, half a month later, Evergrande announced its own investment plans, namely the Times Square project in Causeway Bay, the economic center of Hong Kong, and the Midea and Changxing headquarters in Hung Hom.
Times Square will be the largest commercial plaza in Hong Kong after Harbour City, with a total of 17 storeys of circular shopping mall, two 50 and 46 storey office towers above it, with a total gross floor area of 1.8 million square feet (180,000 square meters) and a total investment of HK$2 billion.
The headquarters of Midea and Changxing are built on the site of a former cement factory in Qingzhou, near Huangpu Square and also by the sea, and are planned to be 10 22-story office buildings, connected to each other by a glass plank road.
It's not that we don't want to build a high-rise, but because it's close to Kai Tak Airport, the height of the building is limited by law.
These investments, which have been reported before, are now only announcing specific figures, but compared with the two investment plans announced by Hutchison Group, they are one level behind.
After negotiations between the team led by Ma Shimin and the Hong Kong government, in the end, Hutchison Group won the No. 7 berth of Kwai Chung Pier in advance at a price of HK$3 billion, and then will invest HK$5 billion in infrastructure investment.
The plan of Whampoa Plaza shocked all real estate companies, and the 20 million square feet (2 million square meters) of self-owned projects could make Hutchison the largest real estate developer in Hong Kong.
You must know that the current Hongkong Land, the total floor area of its properties is 13 million square feet. Of course, Hongkong Land's properties are located in core locations such as Central, and the current Hung Hom is still far from worth it.
However, the focus of the media is much simpler: the four large-scale construction projects, with an investment of nearly HK$30 billion, just the demand for construction workers and other workers is as high as 50,000, not to mention that a large number of facilities also need sufficient supporting services, which will greatly end the unemployment problem that has plagued Hong Kong for more than a year.
As a result, the Hong Kong stock market rose on a large scale, especially in the construction sector, many of which rose by more than 50%.
While everyone was blown away by these investments, one person paid attention to something else: the Bank of East Asia (BEA) officially launched the Hong Kong Enterprise Support Programme.