The British government of Hong Kong ruled Hong Kong from January 26, 1841, to the MacLehose era, a total of 25 governors, MacLehose from 1971 to 1982, the term of office as long as 10 and a half years, a total of four renewals, a total of four renewals, is the longest in the history of Hong Kong.

Although MacLehose had no administrative experience before he took charge of Hong Kong, he did a lot of practical things for the whole of Hong Kong due to his lack of bureaucracy, and during his tenure, Hong Kong carried out drastic reforms in housing, clean government, education, health care, infrastructure, transportation, economy and many other social welfare, the most famous of which was the development of new towns, the 10-year housing construction plan, the nine-year free education, the establishment of the Independent Commission Against Corruption and the construction of the underground railway.

The last three have basically achieved their initial goals, but the first two have not been successful.

In 1978, MacLehose proposed the "Home Ownership" scheme to provide high-quality and low-cost housing for the middle class in Hong Kong, which was actually the prototype of the "80,000 Five-Year Plan" after the return of Hong Kong.

However, the "Home Ownership" program affected the interests of too many people, and even the Governor of Hong Kong found it difficult to vigorously promote this plan, and finally the two sides formed a balance, and the number of low-cost housing launched every year was greatly reduced, and it became an "image project!"

In the original Tin Shui Wai development plan, the reason why China Resources was able to obtain such a large project was that MacLehose also managed a lot from it, one was to make friends with the mainland government, and the other purpose was that he took a fancy to the background of China Resources, hoping that it would not be affected by some capital and could provide cheap and dignified housing for the ordinary people of Xiangjiang.

It is a pity that Tin Shui Wai cannot be developed at all in the current era due to its own geographical location and some political reasons.

After learning of Xu Zhi's plan to build a town, MacLehose discussed with several staff members and unanimously decided that if the plan is really followed, a new town that can accommodate 300,000-500,000 yuan can indeed be successfully built, which can not only stimulate the economy of Hong Kong, but also alleviate the huge population pressure of Hong Kong.

Although the governors of Xiangjiang are biased towards the British on the issue of the ownership of Xiangjiang, and MacLehose is the same, this does not mean that he does not care about the Chinese under his jurisdiction, at least compared to other governors, it is much better, which is why Xu Zhi hopes that MacLehao can promote this development plan before leaving office.

In the following month, Xu Zhi visited the Hong Kong Governor's Mansion and the Hong Kong Polytechnic several times, and finally, after accepting the donation of a new electronic laboratory building from Midea Company, the Polytechnic agreed to open another large department to provide 500 outstanding graduates every year.

In terms of real estate, the Hong Kong government has agreed to the construction plan of Tin Shui Wai, and will approve the construction of corresponding livelihood institutions according to the development progress of Evergrande.

Evergrande will invest HK$20 billion in the next 20 years to build a new town in Tin Shui Wai, New Territories, which can accommodate more than 300,000 people, and will also build several large-scale factories to provide tens of thousands of jobs.

When the news came out, the Hang Seng Index skyrocketed, and even the entire real estate stocks also rose sharply, and Evergrande wanted to invest 20 billion Hong Kong dollars to enter the local market, which shows that Xu Zhi behind him is also optimistic about the real estate market.

But in fact, Evergrande's so-called huge investment is just a plan, this is a total of 20 years of investment plan, the total amount looks scary, but the project is developed one after another, and the start-up capital of the subsequent project is completely the profit of the previous one.

And there will be no large-scale construction in the next two years, after all, in a few months, the Iron Lady will enter Beijing, and the Xiangjiang side will usher in the biggest real estate crisis.

However, for the market, a "good news" is enough to pull up the stock price or land price, and for many people, it is enough that they just need to take advantage of this "headline".

In the past, Hongkong Land bid for the king of Central for HK$5.3 billion, and then Evergrande announced that it would invest HK$20 billion to develop Tin Shui Wai.

Xu Zhi didn't bother to care what outsiders thought, many people or companies invested heavily in the housing market because of his news, and it can only be said that these people are unlucky.

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After reaching an agreement with the Hong Kong government on the development of Tin Shui Wai, after Wang Liming signed the contract, he immediately returned to Hutchison Building directly from the Hong Kong Governor's Office, came to Xu Zhi's office and asked: "Chairman, now that the agreement with the Hong Kong government has been signed, please take a look." ”

Xu Zhi took this document with hundreds of pages, looked at the table of contents carefully, and then spent more than ten minutes looking through some of the key contents behind.

Fortunately, the land in Tin Shui Wai has always been privately owned, and after Evergrande acquired it, it has a certain degree of autonomy over what projects to develop on it, otherwise the construction of this new town is just a variety of contracts with the Hong Kong government, and it is estimated that a bookcase can be piled up.

"Chairman, since we have reached an agreement with the Hong Kong government, when will we start construction of the first batch of properties?" asked Wang Liming excitedly, a company independently developing a new town, which has never been done in the history of Hong Kong.

Xu Zhi shook his head and said: "This matter is not in a hurry for the time being, now you actually know very well that the housing prices in Xiangjiang have completely entered a state of decline, and the reason why there is sometimes a rebound is entirely because of the forced entry into the market by large consortia such as Hongkong Land, Jianing, Swire, and Hang Lung. ”

"I've thought about that. Wang Liming said: "Chairman, my idea is that the land area of Tin Shui Wai is as high as 5 square kilometers, and such a large area of development requires us to develop slowly from small to large.

Second, the Midea company's LCD factory, Taurus beverage production plant has been completed, the number of employees in these two factories has been as high as 3,000 people, although the employees have dormitories, but it is not excluded that some people have their own idea of buying property, after all, employees have families, or need to start a family, we develop a few small real estate, can also meet their needs, even if the future housing prices fall, we can not lose, after all, the cost of this land is very low.

The third is according to the chairman of your investment plan, at present, Evergrande and Hutchison have a lot of land has been suspended or completed, a large number of contracted construction workers under our two companies are in a state of semi-shutdown, the current market situation in the whole Xiangjiang is not good, we also need to open some additional projects to stabilize these workers, otherwise I am afraid that these people have the technical ability to leave the job, ordinary workers will encounter economic problems, and when we need it in the future, we will rebuild the team, we will encounter a lot of problems。 ”

"There's a point in what you're saying. After listening to this, Xu Zhi nodded in agreement, many real estate companies in Tin Shui Wai are not optimistic about this land, because the local economy cannot achieve sustainable development, but several other companies under his own umbrella can solve this problem.

After this problem is solved, the whole Tin Shui Wai is a huge cornucopia, although Xu Zhi spent nearly 1 billion Hong Kong dollars before and after the acquisition, but spread to 5 square kilometers of land, the price per square meter is only less than 200 Hong Kong dollars, this kind of land price, even if Xiangjiang encounters a real estate crisis, the house price is cut in half, and the profit margin of real estate on this side of Tin Shui Wai is as high as outrageous.

Of course, the higher the housing price, the higher the profit, but if you just choose a small piece of land now, develop a few small residential areas, provide cheap housing for some employees, and at the same time take the first step for the development of Tin Shui Wai, you can first build supporting commercial and living facilities based on these communities.

According to the time, when the real estate crisis in 84 is over, the commercial facilities can also be completed, so that the follow-up construction of the surrounding communities can be directly started.

"I agree with building a few small residential complexes, but it's unlikely that a few residential complexes will meet the needs of so many construction workers in our companies.

In this way, when we build a new town, in addition to real estate, we also need to invest a lot of internal roads and some supporting infrastructure, and the company first designs the development plan for the entire Tin Shui Wai, and then arranges construction workers to build infrastructure facilities according to the plan. Xu Zhi thought for a while and said.

From September '82 to December '84, during the Sino-British negotiations, the Heung Kong real estate industry was sluggish, and a large number of construction workers were industrial, and the cost of internal infrastructure construction in Tin Shui Wai during this period was the lowest, and the first step of the development of the entire Tin Shui Wai could be carried out first, and at the same time, it could also help the families of these people, which was a way to kill two birds with one stone.