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Late October. Pen | fun | pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

Xu Cheng quietly established Huangtu Land Company, and Mei Aifang served as the general manager of Huangtu Land.

According to the "New Territories Lease Agreement" signed between the Qing government and the British G, it was stipulated that the New Territories would be returned to China after 99 years (1997).

As a result, the legal period of the land in the New Territories sold by the British government is only more than ten years.

I don't know when a saying began to circulate in Hong Kong called the '97 Great Limit' -- which roughly means that all the land bought in the New Territories will be recovered and confiscated by the China G in 1997.

In such a situation, who would dare to buy land in the New Territories?

As a result, the selling price of industrial sites in Kowloon Bay fell by 93 per cent from the peak of $360 per square foot in December 1980 to $25 per square foot in terms of floor area.

Others dare not buy it, what is Xu Cun, who knows the result of the negotiation, dare not buy?

After some negotiations, Xu Cun, in the name of Royal Land Land, spent HK$210 million with the British government to buy a 75-hectare plot of land in Tseung Kwan O (i.e. the northern part of Tai Chi Sha, three kilometers southeast of Tseung Kwan O New Town) in the southeast of the New Territories (i.e. the entire Tseung Kwan O Industrial Park).

At this time, the Tseung Kwan O Industrial Park was desolate, like a desert.

In addition, because of the wrestling of the Iron Lady, the British government in Hong Kong has also lacked confidence in the Xiangjiang 97 issue.

Therefore, Xu Cun, the unjust boss, is willing to spend 210 million Hong Kong dollars to buy the wasteland in the east of Tseung Kwan O in the southeast of the New Territories, and the British government in Hong Kong naturally can't ask for it!

Although he bought 7.5 million square feet (750,000 square meters) of land for just over 200 million yuan, the black-hearted Xu Cun still did not forget to take advantage of the fire to loot -- during the negotiation process, Xu Cun asked to add a clause to the contract: Xu Cun could fully plan the land in the Tseung Kwan O Industrial Park.

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Once Royal Land was established, Xu Cun merged the federal and international buildings in Central into Royal Land.

Built in 1964 at 71 Des Voeux Road Central, Federation Building was the tallest commercial building in Hong Kong from 1964 to 1966.

The International Building is also a commercial building located at 141 Des Voeux Road Central (Junction of Cliffman Street) in Central, Hong Kong Island to the south and 73 Connaught Road Central to the north. Built in 1967, the 32-storey International Building, owned by Wheelock Commonwealth Estate, was once the tallest building in Hong Kong.

In '81, the monthly rent of Grade A office buildings in prosperous areas reached $28 to $30 per square foot. Therefore, as long as the current cold winter period is passed, the annual rent of the federal and international buildings will have to be 200 to 300 million Hong Kong dollars (excluding management costs).

The federal and international buildings are not too far apart, so there is a natural competition between the two.

After some comprehensive consideration, Xu Cun emptied the second and third floors of the International Building and rebuilt a multiplex cinema with six halls and 500 seats each, and named it the International Cinema.

For this reason, Xu Cun also specially asked Jeffrey to help him find the most professional team to design cinemas in the United States.

Des Voeux Road and Connaught Road are both very prosperous areas, and everyone knows that building a large cinema or a large cinema in this area will definitely have a lot of customers, but the question is who can afford to open a large cinema or a large cinema here?

Take Xu Cun's multiplex cinema as an example.

The two-storey building is about 24,000 square feet, and at the rent of 81 years, the rent of renting these two good floors is 800,000 or 900,000 yuan per month, or more than 9 million Hong Kong dollars per year.

In addition, decoration and other miscellaneous expenses.

If you want to build a large cinema or a large cinema such as an international cinema, you will have to invest more than 10 million Hong Kong dollars at one time.

Except for local tyrants such as Xu Cun, who would spend so much money to build a large cinema or a large cinema here?

Of course, there are also two small theaters with two or three hundred seats nearby.

But so what?

Will they be able to outperform the six-hall, 3,000-seat international cinema backed by DreamWorks?

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Located at the junction of 31 Queen's Road Central and Theatre Lane 1-7 Theatre Lane, the original site of the Queen's Theatre built in 1925 was demolished and rebuilt in 1958 into the 13-storey Luk Hai Tung Building, which is the first generation of buildings in Hong Kong.

On 21 July 1961, the ribbon was cut at the opening ceremony of the Queen's Theatre, which had an escalator for the audience to walk by, and before its dismantling was the oldest escalator of the Hitachi brand in Hong Kong.

Lu Hai Tong Building was originally owned by the veteran real estate developer Lu Hai Tong.

This time, the stock market plummeted and the real estate market collapsed, which greatly impacted Lu Haitong, so that the capital turnover was not effective.

Therefore, Xu Cun spent 140 million Hong Kong dollars in the name of Huangtu Land to buy the Luhaitong Building and the surrounding buildings of the Luhaitong Building from Luhaitong, and renamed it the Queen's Building.

The Queen's Building is not the only building that Xu Cun bought on Queen's Road, and the entertainment store not far from the Queen's Building was also bought by Xu Cun from China Entertainment for 76 million Hong Kong dollars in the name of Huangtu Land.

The small 5,800 square feet of the entertainment store was the site of the first Hong Kong clubhouse in 1846.

In 1928, the entire building was demolished along with the "Comparative Cinema" behind it, and in 1931 it was converted into the first generation of "Entertainment Cinema" with air-conditioning.

In 1963, the entertainment theater was demolished and rebuilt into a 13-storey entertainment theater, and a new "entertainment theater" of the second generation was built at the same time.

The Queen's Mansion and the entertainment store are not far away, and if it was just to buy a theater, Xu Cun would not have bought the Queen's Theater and the Entertainment Theater at the same time, two theaters so close to each other - even if the traffic in this location is currently enough to meet the coexistence of the two theaters.

The reason why Xu Cun bought the Queen's Building and the entertainment store at the same time was for investment.

In just a dozen years, Xu Cun now spent more than 200 million Hong Kong dollars to buy the Queen's Building and the entertainment store, each of which is worth at least more than a billion Hong Kong dollars. If Xu Cun spends money to rebuild the Queen's Mansion and the Entertainment Store and build them into buildings with more than 30 floors, then their prices, especially the Queen's Building, will never be lower than the two federal and international buildings.

Let's not talk about the far, let's talk about the near -- aside from the rent of the Queen's Theater and the Entertainment Theater, as long as the current cold winter period is over, the Queen's Mansion and the Entertainment Store can bring Xu Cun at least 40 or 50 million yuan in rental income a year.

……

(To be continued.) )