Chapter 344: [New Building Regulations] (Look for a monthly pass!)
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Chapter 344 [New Building Ordinance] (Ask a monthly pass!)
In early March 1962, the Hong Kong government promulgated a new building regulations, stipulating that the area of new buildings should be reduced by 20%. The new regulations came into effect on January 1, 1966.
The real estate industry on Hong Kong Island was shaken for a while, and the area of new buildings was reduced by 20%, which means that the same land, the number of residential units that can be built is much less, and the profits will naturally decrease.
Real estate companies that own the land have sharpened their knives one after another, striving to complete the approval and construction before 1966.
Real estate developers are building houses madly, amateur speculators and professional speculators have also stepped onto the stage. Real estate speculation includes both the straggler-style working-class and scalpers, as well as group combat-style real estate companies and large consortia;
The wind of building speculation has become increasingly hot, almost to the point of madness.
Changjiang Industrial is not in a hurry, after all, there are already six large-scale residential properties under development, and the remaining three will be developed in the second half of the year;
Wu Guangyao deliberately convened a management meeting. At the meeting, Wu Guangyao shouted the slogan, ‘Stand steadily, fight step by step! ’;
Cheung Kong Holdings only develops existing projects, and Cheung Kong's houses are not allowed to become a paradise for real estate speculators, and are only sold to people who really buy houses.
Everyone's impetuous hearts calmed down. The boss made a speech, and everyone should do a good job of the project, no need to think about other things.
Wu Guangyao knows the history, no matter how much money he has, he will not invest in other real estate projects now;
Furthermore, Wu Guangyao has too many properties in his hands, and it will take several years to digest and digest, by the way, waiting for the next big opportunity.
However, the fact that Cheung Kong Holdings does not make additional investments does not mean that the real estate market on Hong Kong Island is cold; on the contrary, the market is booming, with hot trading!
all know the truth of ‘buying while low’, but in fact, most people are ‘buying high’;
The higher the price of real estate, the more people are speculating, and the more people are buying;
This is true for citizens who just need it, and so are speculators who speculate in real estate.
The reason?
is very simple, here is the question of ‘how long will the low tide last’;
If the low tide passes quickly, bargain-hunting buyers can naturally make big profits;
What if this low tide lasts for many years, unless there is a big boss with a lot of capital to ‘paste’ the house, otherwise ordinary businessmen can’t even afford the principal and interest of the mortgage to buy a house, and in the end they can only cut their flesh to save their lives.
It is better to explain in the minds of the citizens who just needed it. When the house price is hot, he is worried that it will rise, so he will buy when it is high;
When housing prices were down, he was worried that it would fall, so he held a wait-and-see attitude;
Two kinds of people (businessmen and citizens) have two kinds of psychology, but they all have one thing in common: I don’t buy when the house price is low, and I want to buy when the house price is high!
It is precisely because of their psychology that Wu Guangyao can take advantage of every opportunity to purchase the high-quality land and properties with the funds in his hands;
After the low tide, the land and properties in Wu Guangyao's hands are like silver turned into gold, which is a huge profit.
Don’t have to wait until the nineties, Wu Guangyao is the largest landlord on Hong Kong Island.
Until now, Wu Guangyao has seized two opportunities:
Once it was the “Hong Kong Island Crisis” caused by the establishment of New China in 1949, which caused panic among the people on Hong Kong Island and a sharp drop in land prices (house prices did not fall).
Once it was because in 1958, the real estate plummet caused by the surplus of real estate, land prices and house prices plummeted by about 70%.
After the two opportunities, Wu Guangyao's strength in real estate is already one of the best on Hong Kong Island.
Currently, Cheung Kong Property, which is wholly-owned by Wu Guangyao, is undoubtedly very powerful. Its assets are as follows:
One and five old-fashioned commercial buildings located in the business district of the Central District, which can be demolished to build new commercial buildings in the future. The current value is about 100 million Hong Kong dollars.
Two, 200,000 square feet of commercial land, four commercial buildings can be built in the future, and the current value is about 60 million Hong Kong dollars.
3. The global building under construction has a bare land value of as high as 40 million Hong Kong dollars, and construction costs as high as 80 million Hong Kong dollars. After completion, it will be a 46-storey landmark commercial building in the central district, worth about 200 million Hong Kong dollars.
Four. The Yangtze River Building under construction, which was built after the demolition of the original Global Building, has a height of 28 floors. The current value is estimated to be around 70 million Hong Kong dollars.
To sum up, the fixed assets of Cheung Kong Real Estate should currently be 430 million Hong Kong dollars.
Wu Guangyao’s other real estate company, Cheung Kong Holdings, is a listed company. The current value of each share has risen again, reaching 16.8 yuan per share;
The total market value of Changjiang Industrial has reached 800 million Hong Kong dollars, and Wu Guangyao’s shares are worth 500 million Hong Kong dollars;
Changjiang Industrial includes assets including:
1. Yangtze River Center Commercial Complex (for rent only, not for sale), with a floor area of 2.51 million square feet, and the current annual rent can reach 25 million Hong Kong dollars.
Two and nine residential real estates, it is expected that all developments will be completed with a profit of 300 million Hong Kong dollars (prices soaring).
Three, three single 10-storey industrial buildings under construction, with a total floor area of 500,000 square feet. The business model is renting but not selling, and the annual rent can reach about 2.8 million Hong Kong dollars.
Four or two commercial buildings located in the central area of the island, the annual rent can reach 1.8 million Hong Kong dollars.
Calculated like this, Wu Guangyao is worth 930 million Hong Kong dollars in real estate.
If you want to make up a net worth of 10 billion, Wu Guangyao only needs to count two more companies!
What is the value of Universal Group?
First, calculate the global shipping fleet, which is currently 7.2 million tons of new ships (new ships fully paid), with a total value of 1 billion US dollars;
Next, we will calculate the value of Global Terminals. There are currently 15 terminals, and the total value should be 200 million U.S. dollars;
Finally is the value of Island Airlines. If it is higher, the value should be 50 million US dollars;
To sum up, the fixed value of the Global Group should fluctuate up to 1.25 billion US dollars. Based on Wu Guangyao's 76% of the shares, Wu Guangyao's net worth in Global Shipping should be 950 million US dollars, which is equivalent to a net worth of HK$5.5 billion.
What is the value of PG zipper?
Currently, PG Zipper Group (including Yaoshi Industry and YKK Zipper) can bring Wu Guangyao's net profit of 40 million U.S. dollars each year. If someone wants to acquire him, then please take 800 million U.S. dollars in exchange.
Excluding the shares of the rest of YKK Zipper, Wu Guangyao can also sell at least 700 million US dollars, with a total value of 4 billion Hong Kong dollars.
It can be said that in these three industries, Wu Guangyao's net worth is already 10 billion Hong Kong dollars!
Furthermore, Wu Guangyao’s cash has come to 180 million U.S. dollars, which is quite sufficient in ammunition.
On March 22, the seven major electrical appliance manufacturers in Dongying prepared for more than a month of the "TV War", which suddenly broke out in the United States.
Under the impact of thousands of cheap Japanese TV sets, the U.S. TV industry quickly became a mess;
Color TV, priced at only more than US$400, is undoubtedly a sweet pastry in the eyes of the American people;
Everyone did not even hesitate to choose Dongying's brand. As for domestic brands?
The United States is not interested in that. In the United States, interests are paramount!
Soon, eight TV manufacturers and several smaller companies were squeezed out of the industry, and many large manufacturers were also washed out.
In the US semiconductor industry, Motorola, the largest manufacturer, has always been the leader in TV production. As early as 1959, it had established a branch in Japan, and the impact this time was not small.
As Wu Guangyao analyzed, this war has already started, but American manufacturers have no countermeasures at all, only disappearing in the river of time.
Even if there are trade sanctions, Wu Guangyao estimates that it will take about five years. After all, the US court trial will take three years, and other procedures will take one or two years.
At that time, there are only a few manufacturers in the United States that produce TVs that are seriously injured.
At that time, Lenovo Electric will directly purchase Motorola's TV industry with a huge sum of money. They will not refuse this huge sum of money.
(End of this chapter)
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Chapter 344 [New Building Ordinance] (Ask a monthly pass!)
In early March 1962, the Hong Kong government promulgated a new building regulations, stipulating that the area of new buildings should be reduced by 20%. The new regulations came into effect on January 1, 1966.
The real estate industry on Hong Kong Island was shaken for a while, and the area of new buildings was reduced by 20%, which means that the same land, the number of residential units that can be built is much less, and the profits will naturally decrease.
Real estate companies that own the land have sharpened their knives one after another, striving to complete the approval and construction before 1966.
Real estate developers are building houses madly, amateur speculators and professional speculators have also stepped onto the stage. Real estate speculation includes both the straggler-style working-class and scalpers, as well as group combat-style real estate companies and large consortia;
The wind of building speculation has become increasingly hot, almost to the point of madness.
Changjiang Industrial is not in a hurry, after all, there are already six large-scale residential properties under development, and the remaining three will be developed in the second half of the year;
Wu Guangyao deliberately convened a management meeting. At the meeting, Wu Guangyao shouted the slogan, ‘Stand steadily, fight step by step! ’;
Cheung Kong Holdings only develops existing projects, and Cheung Kong's houses are not allowed to become a paradise for real estate speculators, and are only sold to people who really buy houses.
Everyone's impetuous hearts calmed down. The boss made a speech, and everyone should do a good job of the project, no need to think about other things.
Wu Guangyao knows the history, no matter how much money he has, he will not invest in other real estate projects now;
Furthermore, Wu Guangyao has too many properties in his hands, and it will take several years to digest and digest, by the way, waiting for the next big opportunity.
However, the fact that Cheung Kong Holdings does not make additional investments does not mean that the real estate market on Hong Kong Island is cold; on the contrary, the market is booming, with hot trading!
all know the truth of ‘buying while low’, but in fact, most people are ‘buying high’;
The higher the price of real estate, the more people are speculating, and the more people are buying;
This is true for citizens who just need it, and so are speculators who speculate in real estate.
The reason?
is very simple, here is the question of ‘how long will the low tide last’;
If the low tide passes quickly, bargain-hunting buyers can naturally make big profits;
What if this low tide lasts for many years, unless there is a big boss with a lot of capital to ‘paste’ the house, otherwise ordinary businessmen can’t even afford the principal and interest of the mortgage to buy a house, and in the end they can only cut their flesh to save their lives.
It is better to explain in the minds of the citizens who just needed it. When the house price is hot, he is worried that it will rise, so he will buy when it is high;
When housing prices were down, he was worried that it would fall, so he held a wait-and-see attitude;
Two kinds of people (businessmen and citizens) have two kinds of psychology, but they all have one thing in common: I don’t buy when the house price is low, and I want to buy when the house price is high!
It is precisely because of their psychology that Wu Guangyao can take advantage of every opportunity to purchase the high-quality land and properties with the funds in his hands;
After the low tide, the land and properties in Wu Guangyao's hands are like silver turned into gold, which is a huge profit.
Don’t have to wait until the nineties, Wu Guangyao is the largest landlord on Hong Kong Island.
Until now, Wu Guangyao has seized two opportunities:
Once it was the “Hong Kong Island Crisis” caused by the establishment of New China in 1949, which caused panic among the people on Hong Kong Island and a sharp drop in land prices (house prices did not fall).
Once it was because in 1958, the real estate plummet caused by the surplus of real estate, land prices and house prices plummeted by about 70%.
After the two opportunities, Wu Guangyao's strength in real estate is already one of the best on Hong Kong Island.
Currently, Cheung Kong Property, which is wholly-owned by Wu Guangyao, is undoubtedly very powerful. Its assets are as follows:
One and five old-fashioned commercial buildings located in the business district of the Central District, which can be demolished to build new commercial buildings in the future. The current value is about 100 million Hong Kong dollars.
Two, 200,000 square feet of commercial land, four commercial buildings can be built in the future, and the current value is about 60 million Hong Kong dollars.
3. The global building under construction has a bare land value of as high as 40 million Hong Kong dollars, and construction costs as high as 80 million Hong Kong dollars. After completion, it will be a 46-storey landmark commercial building in the central district, worth about 200 million Hong Kong dollars.
Four. The Yangtze River Building under construction, which was built after the demolition of the original Global Building, has a height of 28 floors. The current value is estimated to be around 70 million Hong Kong dollars.
To sum up, the fixed assets of Cheung Kong Real Estate should currently be 430 million Hong Kong dollars.
Wu Guangyao’s other real estate company, Cheung Kong Holdings, is a listed company. The current value of each share has risen again, reaching 16.8 yuan per share;
The total market value of Changjiang Industrial has reached 800 million Hong Kong dollars, and Wu Guangyao’s shares are worth 500 million Hong Kong dollars;
Changjiang Industrial includes assets including:
1. Yangtze River Center Commercial Complex (for rent only, not for sale), with a floor area of 2.51 million square feet, and the current annual rent can reach 25 million Hong Kong dollars.
Two and nine residential real estates, it is expected that all developments will be completed with a profit of 300 million Hong Kong dollars (prices soaring).
Three, three single 10-storey industrial buildings under construction, with a total floor area of 500,000 square feet. The business model is renting but not selling, and the annual rent can reach about 2.8 million Hong Kong dollars.
Four or two commercial buildings located in the central area of the island, the annual rent can reach 1.8 million Hong Kong dollars.
Calculated like this, Wu Guangyao is worth 930 million Hong Kong dollars in real estate.
If you want to make up a net worth of 10 billion, Wu Guangyao only needs to count two more companies!
What is the value of Universal Group?
First, calculate the global shipping fleet, which is currently 7.2 million tons of new ships (new ships fully paid), with a total value of 1 billion US dollars;
Next, we will calculate the value of Global Terminals. There are currently 15 terminals, and the total value should be 200 million U.S. dollars;
Finally is the value of Island Airlines. If it is higher, the value should be 50 million US dollars;
To sum up, the fixed value of the Global Group should fluctuate up to 1.25 billion US dollars. Based on Wu Guangyao's 76% of the shares, Wu Guangyao's net worth in Global Shipping should be 950 million US dollars, which is equivalent to a net worth of HK$5.5 billion.
What is the value of PG zipper?
Currently, PG Zipper Group (including Yaoshi Industry and YKK Zipper) can bring Wu Guangyao's net profit of 40 million U.S. dollars each year. If someone wants to acquire him, then please take 800 million U.S. dollars in exchange.
Excluding the shares of the rest of YKK Zipper, Wu Guangyao can also sell at least 700 million US dollars, with a total value of 4 billion Hong Kong dollars.
It can be said that in these three industries, Wu Guangyao's net worth is already 10 billion Hong Kong dollars!
Furthermore, Wu Guangyao’s cash has come to 180 million U.S. dollars, which is quite sufficient in ammunition.
On March 22, the seven major electrical appliance manufacturers in Dongying prepared for more than a month of the "TV War", which suddenly broke out in the United States.
Under the impact of thousands of cheap Japanese TV sets, the U.S. TV industry quickly became a mess;
Color TV, priced at only more than US$400, is undoubtedly a sweet pastry in the eyes of the American people;
Everyone did not even hesitate to choose Dongying's brand. As for domestic brands?
The United States is not interested in that. In the United States, interests are paramount!
Soon, eight TV manufacturers and several smaller companies were squeezed out of the industry, and many large manufacturers were also washed out.
In the US semiconductor industry, Motorola, the largest manufacturer, has always been the leader in TV production. As early as 1959, it had established a branch in Japan, and the impact this time was not small.
As Wu Guangyao analyzed, this war has already started, but American manufacturers have no countermeasures at all, only disappearing in the river of time.
Even if there are trade sanctions, Wu Guangyao estimates that it will take about five years. After all, the US court trial will take three years, and other procedures will take one or two years.
At that time, there are only a few manufacturers in the United States that produce TVs that are seriously injured.
At that time, Lenovo Electric will directly purchase Motorola's TV industry with a huge sum of money. They will not refuse this huge sum of money.
(End of this chapter)
Chapter 344 New Building Ordinance Ask a monthly pass!In early March 1962, the Hong Kong government promulgated a new building regulations, stipulating that the area of new buildings should be reduced by 20%. The new regulations came into effect on January 1, 1966.The real estate industry on Hong Kong Island was shaken for a while, and the area of new buildings was reduced by 20%, which means that the same land, the number of residential units that can be built is much less, and the profits will naturally decrease.Real estate companies that own the land have sharpened their knives one after another, striving to complete the approval and construction before 1966.Real estate developers are building houses madly, amateur speculators and professional speculators have also stepped onto the stage. Real estate speculation includes both the straggler-style working-class and scalpers, as well as group combat-style real estate companies and large consortia;The wind of building speculation has become increasingly hot, almost to the point of madness.Changjiang Industrial is not in a hurry, after all, there are already six large-scale residential properties under development, and the remaining three will be developed in the second half of the year;Wu Guangyao deliberately convened a management meeting. At the meeting, Wu Guangyao shouted the slogan, Stand steadily, fight step by step! ';Cheung Kong Holdings only develops existing projects, and Cheung Kong's houses are not allowed to become a paradise for real estate speculators, and are only sold to people who really buy houses.Everyone's impetuous hearts calmed down. The boss made a speech, and everyone should do a good job of the project, no need to think about other things.Wu Guangyao knows the history, no matter how much money he has, he will not invest in other real estate projects now;Furthermore, Wu Guangyao has too many properties in his hands, and it will take several years to digest and digest, by the way, waiting for the next big opportunity.However, the fact that Cheung Kong Holdings does not make additional investments does not mean that the real estate market on Hong Kong Island is cold; on the contrary, the market is booming, with hot trading!all know the truth of buying while low', but in fact, most people are buying high';The higher the price of real estate, the more people are speculating, and the more people are buying;This is true for citizens who just need it, and so are speculators who speculate in real estate.The reason?is very simple, here is the question of how long will the low tide last';If the low tide passes quickly, bargain-hunting buyers can naturally make big profits;What if this low tide lasts for many years, unless there is a big boss with a lot of capital to paste' the house, otherwise ordinary businessmen can't even afford the principal and interest of the mortgage to buy a house, and in the end they can only cut their flesh to save their lives.It is better to explain in the minds of the citizens who just needed it. When the house price is hot, he is worried that it will rise, so he will buy when it is high;When housing prices were down, he was worried that it would fall, so he held a wait-and-see attitude;Two kinds of people businessmen and citizens have two kinds of psychology, but they all have one thing in common: I don't buy when the house price is low, and I want to buy when the house price is high!It is precisely because of their psychology that Wu Guangyao can take advantage of every opportunity to purchase the high-quality land and properties with the funds in his hands;After the low tide, the land and properties in Wu Guangyao's hands are like silver turned into gold, which is a huge profit.Don't have to wait until the nineties, Wu Guangyao is the largest landlord on Hong Kong Island.Until now, Wu Guangyao has seized two opportunities:Once it was the Hong Kong Island Crisis caused by the establishment of New China in 1949, which caused panic among the people on Hong Kong Island and a sharp drop in land prices house prices did not fall.Once it was because in 1958, the real estate plummet caused by the surplus of real estate, land prices and house prices plummeted by about 70%.After the two opportunities, Wu Guangyao's strength in real estate is already one of the best on Hong Kong Island.Currently, Cheung Kong Property, which is wholly-owned by Wu Guangyao, is undoubtedly very powerful. Its assets are as follows:One and five old-fashioned commercial buildings located in the business district of the Central District, which can be demolished to build new commercial buildings in the future. The current value is about 100 million Hong Kong dollars.Two, 200,000 square feet of commercial land, four commercial buildings can be built in the future, and the current value is about 60 million Hong Kong dollars.3. The global building under construction has a bare land value of as high as 40 million Hong Kong dollars, and construction costs as high as 80 million Hong Kong dollars. After completion, it will be a 46-storey landmark commercial building in the central district, worth about 200 million Hong Kong dollars.Four. The Yangtze River Building under construction, which was built after the demolition of the original Global Building, has a height of 28 floors. The current value is estimated to be around 70 million Hong Kong dollars.To sum up, the fixed assets of Cheung Kong Real Estate should currently be 430 million Hong Kong dollars.Wu Guangyao's other real estate company, Cheung Kong Holdings, is a listed company. The current value of each share has risen again, reaching 16.8 yuan per share;The total market value of Changjiang Industrial has reached 800 million Hong Kong dollars, and Wu Guangyao's shares are worth 500 million Hong Kong dollars;Changjiang Industrial includes assets including:1. Yangtze River Center Commercial Complex for rent only, not for sale, with a floor area of 2.51 million square feet, and the current annual rent can reach 25 million Hong Kong dollars.Two and nine residential real estates, it is expected that all developments will be completed with a profit of 300 million Hong Kong dollars prices soaring.Three, three single 10-storey industrial buildings under construction, with a total floor area of 500,000 square feet. The business model is renting but not selling, and the annual rent can reach about 2.8 million Hong Kong dollars.Four or two commercial buildings located in the central area of the island, the annual rent can reach 1.8 million Hong Kong dollars.Calculated like this, Wu Guangyao is worth 930 million Hong Kong dollars in real estate.If you want to make up a net worth of 10 billion, Wu Guangyao only needs to count two more companies!What is the value of Universal Group?First, calculate the global shipping fleet, which is currently 7.2 million tons of new ships new ships fully paid, with a total value of 1 billion US dollars;Next, we will calculate the value of Global Terminals. There are currently 15 terminals, and the total value should be 200 million U.S. dollars;Finally is the value of Island Airlines. If it is higher, the value should be 50 million US dollars;To sum up, the fixed value of the Global Group should fluctuate up to 1.25 billion US dollars. Based on Wu Guangyao's 76% of the shares, Wu Guangyao's net worth in Global Shipping should be 950 million US dollars, which is equivalent to a net worth of HK$5.5 billion.What is the value of PG zipper?Currently, PG Zipper Group including Yaoshi Industry and YKK Zipper can bring Wu Guangyao's net profit of 40 million U.S. dollars each year. If someone wants to acquire him, then please take 800 million U.S. dollars in exchange.Excluding the shares of the rest of YKK Zipper, Wu Guangyao can also sell at least 700 million US dollars, with a total value of 4 billion Hong Kong dollars.It can be said that in these three industries, Wu Guangyao's net worth is already 10 billion Hong Kong dollars!Furthermore, Wu Guangyao's cash has come to 180 million U.S. dollars, which is quite sufficient in ammunition.On March 22, the seven major electrical appliance manufacturers in Dongying prepared for more than a month of the "TV War", which suddenly broke out in the United States.Under the impact of thousands of cheap Japanese TV sets, the U.S. TV industry quickly became a mess;Color TV, priced at only more than US$400, is undoubtedly a sweet pastry in the eyes of the American people;Everyone did not even hesitate to choose Dongying's brand. As for domestic brands?The United States is not interested in that. In the United States, interests are paramount!Soon, eight TV manufacturers and several smaller companies were squeezed out of the industry, and many large manufacturers were also washed out.In the US semiconductor industry, Motorola, the largest manufacturer, has always been the leader in TV production. As early as 1959, it had established a branch in Japan, and the impact this time was not small.As Wu Guangyao analyzed, this war has already started, but American manufacturers have no countermeasures at all, only disappearing in the river of time.Even if there are trade sanctions, Wu Guangyao estimates that it will take about five years. After all, the US court trial will take three years, and other procedures will take one or two years.At that time, there are only a few manufacturers in the United States that produce TVs that are seriously injured.At that time, Lenovo Electric will directly purchase Motorola's TV industry with a huge sum of money. They will not refuse this huge sum of money.End of this chapter
