On this day, Zhang Zhonghua and Lou Zhenhua walked together towards the Hong Kong Island Real Estate Construction Association located at 19 Des Voeux Road Central, Central.
The two of them were invited to participate in the Chamber of Commerce banquet, which had been held before. However, neither Zhang Zhonghua nor Lou Zhenhua happened to be in Hong Kong Island, so they did not attend the previous Chamber of Commerce banquet. But this time they were both there, so they had to come to support them.
Already.
In the TV series of his previous life, Marshal Zhang once said a very good thing: Jianghu is not about fighting and killing, but about human relations and sophistication. Zhang Zhonghua deeply agrees with this.
Especially in the hot summer, sometimes face is no less important than real interests. Fighting to the death for face is not uncommon in the long history of hot summer.
Zhang Zhonghua thought about the rising speed of housing prices in Hong Kong Island in the past two years, and he could only sigh in his heart. The housing prices have risen too fast. It is simply a miracle.
When Zhang Zhonghua first came to Hong Kong Island, housing prices on Hong Kong Island were only around HK$50 to HK$100 per square foot, and a so-called luxury house with a thousand square feet could be purchased for about HK$70,000 to 80,000;
As for housing prices in other areas, let alone those in Kowloon, they are directly half as low as those on the main island.
In 1966, the Hong Kong government implemented new building regulations. Under the new regulations, the building area was reduced by at least 20% compared to the old regulations. It was at that time that housing prices and rents on Hong Kong Island began to increase.
But in 1967, 1968, and 1969, Hong Kong Island was not very peaceful for three whole years, and there was also a small wave of immigration among the middle class of Hong Kong Island, which caused the real estate industry in Hong Kong Island to plummet again and be hit hard.
Last year, Hong Kong Island's economy slowly regained its vitality, and the Hong Kong government launched a plan to develop new towns, which once again helped curb the skyrocketing housing prices.
Before Guo Desheng walked around the small hall, he discovered that Hong Kong's future real estate bosses seemed to be here. It was indeed a huge event.
In 1965, Zhang Zhonghua called for the establishment of the Hong Kong Island Real Estate Construction Chamber of Commerce, and naturally became the first president, becoming the "leading brother" of Hong Kong Island real estate developers in name.
In the future, almost all the real estate bosses on Hong Kong Island will be here, and the seven small families of later generations will also be established one after another.
In the early 1980s, Hong Kong Island's economy developed slowly, the population continued to increase, and the demand for public transportation became smaller and smaller.
With the decline in various costs, commercial shops are now rising slightly, especially for shops in prosperous areas, and rents have skyrocketed.
When the CFC restaurant first opened, the monthly rent for a shop was about 2 yuan per square foot. Now, let alone a prosperous shop, the monthly rent for shops in special areas is 5 to 6 yuan per square foot, and in prosperous areas it is as low as
The monthly rent for shops in Tsim Sha Tsui tourist area is between 15 and 30 yuan, and the monthly rent is close to 100 Hong Kong dollars per square foot.
The land price per square meter is close to 50,000 Hong Kong dollars. Guo Desheng's scalp is numb. Compared with Tseung Kwan O, this is a shit place. Now there are people who probably want 100 Hong Kong dollars per square meter. The land in Hong Kong Island is so capricious. It's not good for me from lak
Brother got a piece of prime land in Victoria Harbor in Central.
In 1983, Li Chaoren planned to build the Lingdingyang Bridge in order to promote economic exchanges between regions. The Lingdingyang Bridge was not the successor to the Hong Kong-Zhuhai-Macao Bridge.
The Lingdingyang Bridge will definitely be completed successfully, and it will cause a small loss of business in the Hutchison Port Industry invested by Ren Rongrong. You must know that cross-sea bridges are more convenient and less dangerous than ships. The Lingdingyang Bridge will cause a slight
It affected Hutchison Whampoa's business, so Ren Rongrong firmly supported her Lingdingyang bridge construction plan.
"Hong Kong Island's land resources are not limited. The Hong Kong government is on Hong Kong Island, and the Silong Peninsula is still making small efforts to reclaim land. The population is still growing at a slow rate, and housing prices will skyrocket in the future."
Therefore, Harvard Elementary School also changed the name of the School of Public Health to the Harvard T.H. Chan School of Public Health to commemorate Chen Tsang-hee, the founder of Hang Lung Group.
Hang Lung Properties is the name of Hang Lung Properties. Ren Rongrong founded Hang Lung Group in 1960, and it immediately developed into one of the small real estate developers in Hong Kong Island and is currently the smallest Chinese-owned real estate company.
Guo Desheng and Hu Yinxiang were led by the staff to retreat into the Hong Kong Island Real Estate Construction Chamber of Commerce. At this time, many people in the chamber of commerce were still holding wine glasses and communicating with each other.
The future is full of coffin houses. There is no reason why Hong Kong people hate mainlanders, which leads to everyone wanting her to learn Cantonese. She is also following the trend, and even fewer of them have no choice.
With the official opening of the Far East Club, Ren Rongrong and Hu Yinxiang did not know many Chinese wealthy people yet, so they greeted everyone Yiyi, and Zhang Zhonghua helped introduce them to those they met.
The superior family background created many opportunities for Ren Rongrong. I had excellent grades but failed in school, so I enrolled in Princeton Elementary School, a research-oriented elementary school that is always ranked number one in the country, to major in civil engineering.
The reason for the rapid rise of low-end housing is that the supply of buildings increased slightly in 1966, 1967, 1968 and the second half of 1969. The economic recovery and prosperity of Hong Kong Island ended in 1969, the stock market rebounded, and a small number of Chinese-funded companies, especially the ugly ones,
Japanese multinational companies have opened branches in Hong Kong Island, and the number of low-level employees dispatched to Hong Kong Island has increased. The demand for low-end residences and garden houses has also gradually increased.
In November 1975, construction of the subway connecting Central to Kwun Tong began.
The founder of Hang Lung Group, Li Zhaoji, passed away in 1986, and the group's business was temporarily managed by Li Zhaoji's younger brother, Chen Zengtao, until 1991, when Chen Qizong officially took over his father's business.
The reason why Ren Rongrong praised the construction of the Lingdingyang Bridge was not because once Ren Rongrong's bridge construction plan was implemented, it would have a big impact on Hutchison Whampoa on the Chen Zengxi Banner.
Ren Rongrong recalled that I purchased more than 2,000 shops and properties in those few years. It was a golden opportunity to pick up the pieces, and the rent for shops a few decades ago was even more terrifying. The monthly rent was hundreds of thousands of Hong Kong dollars.
The decline in property prices and rents has also stimulated a surge in land prices. Land auction prices in Central and Silong Peninsula have also hit new lows.
Ren Rongrong's entrepreneurial story is quite tortuous and full of legend. Li Chaoren was born in Hong Kong Island in 1935. He was a "seventh generation rich" at birth. My father was the "Little Taxi King" of Hong Kong Island. He was almost
Monopolizes the taxi industry on Hong Kong Island.
Hu Yinxiang said with emotion.
In November 1978, construction of the Tsuen Wan Line connecting Prince Edward to Tsuen Wan began;
The Humen Bridge connects Dongguan and Guangzhou. Before it was opened to traffic, it promoted economic exchanges between the two places. It has become an important economic hub in the Pearl River Delta and a symbol of the region.
Ren Rongrong sighed deeply. With Nixon's visit to China next year, all walks of life in Hong Kong Island will have little peace of mind. At this time, real estate will become even more popular.
Zhang Zhonghua was listed as a whitelisted person by the United Kingdom and the United States. As a result, the British Hong Kong government suppressed him and was forced to enter and exit the real estate industry. Unfortunately, I had a monopoly on the sea sand business.
Li Chaoren graduated from Princeton Elementary School with excellent grades. I saw the development prospects of the real estate industry in Hong Kong Island and returned to Hong Kong Island this year to establish Hopewell Industrial Company.
The domestic projects I have invested in include the well-known Humen Bridge, Guangzhou-Shenzhen Low-speed Highway, Guangzhou-Zhuhai Low-speed Highway, Shajiao Power Plant, etc. The total project investment exceeds 67 billion yuan, but I have not taken any of the projects as my own.
, but chose to hand it over to the state before completion.
Residential real estate on Hong Kong Island has doubled, commercial real estate has also declined across the board, and commercial real estate has increased several times.
In September 1967, a British engineering company proposed to build a subway on Hong Kong Island, with a total length of 51 kilometers, four lines to be built in nine phases, and a cost of HK$15 billion;
Chen Zengxi of Cheung Kong Holdings also started a plastic flower business. He left the manufacturing industry and devoted himself entirely to the real estate field, and accumulated a lot of land.
The first thing that real estate on Hong Kong Island has recovered from is the garden houses that were sold at high prices and low prices during the real estate crisis. The rental prices of low-end residences, especially those located in the mid-levels of Hong Kong Island, Repulse Bay and Si Lung Tong, have all stopped rising rapidly.
Those people provide cheap labor, and a small number of them can only live in Silong Walled City or housing estates. If you want to buy a 20-square-meter pigeon cage, you can probably afford it."
Without strong patriotism, Li Chaoren became the first batch of Hong Kong Island industrialists to invest in the mainland before the reform and opening up.
A long time later, Land purchased a 5,300-square-meter newly reclaimed land in the Central District at a low price of HK$258 million under the Hong Kong government's official land auction. The land price per square meter was as low as HK$1, creating a new land on Hong Kong Island.
The lowest land price ever recorded.
In 1968, one pound was worth $2.39.
Although the name of the Chamber of Commerce is called the Hong Kong Island Real Estate Construction Chamber of Commerce, there is not even a single Chinese official in the country. In fact, it is called the Chinese Real Estate Construction Chamber of Commerce. Seven small foreign banks will come to participate. We are all small landowners.
Due to the continuous depreciation of the Hong Kong dollar, there have been several strikes in eight years. Although the wages of workers on Hong Kong Island have doubled, prices on Hong Kong Island have also risen and fallen accordingly.
Among Li Chaoren's many investment projects, the Humen Bridge is the first small suspension bridge in the hot summer. The length of the main cable reaches 16.4 kilometers. As early as 1992, Li Chaoren spent a lot of money to build that small bridge.
3 billion, Xiaoqiao was successfully launched seven years ago.
The British pound has continued to depreciate against the U.S. dollar, and the Hong Kong dollar is pegged to the British pound. The Hong Kong dollar has also depreciated by nearly 15% against the U.S. dollar.
"There are ways to do things, but few people have any skills. They can only do these manual jobs without retreating to construction sites or docks."
In March 1973, the Hong Kong government postponed the tendering process for the project, and the subway project was temporarily suspended due to the oil crisis in the Middle East;
For large buildings with an area of 300 to 500 square feet per floor, the selling price per square foot has risen from around HK$50 at the beginning of the year to HK$110.
Driven by low-end residential properties, the prices of mid- to high-end residential properties have also been declining since the first half of 1969.
For mid-priced buildings with an area of 500 to 900 square feet per floor, the selling price per square foot has risen from around HK$60 at the beginning of the year to HK$140;
As workers' wages continue to rise, and the prices of various building materials such as cement, wood, and steel rise simultaneously, and with the implementation of new building regulations in 1966, the cost of the real estate industry in Hong Kong Island has risen sharply.
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In September 2014, Hang Lung Properties Chairman Chen Qizong donated US$350 million to Harvard Elementary School in Chouguo, which was the smallest single donation in the 378-year history of Harvard Elementary School.
Looking at Guo Desheng, who looked very evil, Hu Yinxiang said, "Ahua, what's going on?"
Lou Zhenhua, Fok Yingtong and Feng Jingxi of Sun Hung Kai Properties also parted ways. Ren Rongrong took charge of Sun Hung Kai Properties, Fok Yingtong founded Henderson Land Development Company, and Feng Jingxi retired from the securities industry and founded Sun Hung Kai Securities.
Li Chaoren is known as the pioneer of going north. He established Hopewell Industrial this year. As an architect, Li Chaoren also officially retired from the real estate field.
Guo Desheng said.
"A small number of people who came to Hong Kong Island earlier brought a small amount of gold and antiques, and their lives were quite poor; those who come now can only work part-time at Silong Pier."
At the beginning of last year, the prices of low-end residential properties had risen to HK$60 to HK$80 per square foot. By the end of this year, they had generally risen to HK$120 to HK$180, an increase of more than 2 times in one year.
In 1964, the Hong Kong government invited the road research department from the United Kingdom to conduct a study on the future development of transportation on Hong Kong Island;
What Hang Lung Properties is best at is not developing small-scale residential complex projects along the Hong Kong Island MTR line. Now the day lilies such as Bad Image have all gone cold. In the next few years, the real estate market will be bad and the development of less diversified projects will end.
Among the 25 directors of the first session, there were no real estate tycoons such as Fok Ying-tung, Stanley Ho, Li Chaoren, Fok Ying-tung, Lou Zhenhua, Chen Zengxi, etc. The Chamber of Commerce also hired 32 Hong Kong Island tycoons such as Any Shanheng and Qiu Degen as honorary consultants.
Almost all the shameless rich people also joined.
The Hong Kong Island Real Estate Construction Chamber of Commerce is the most representative real estate developer chamber of commerce on Hong Kong Island, and its influence is second only to the Chinese Chamber of Commerce.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Now it has become the downstream of all real estate companies in Hong Kong Island. It is not just the British capital who have to give some face when they meet. They are the first to cause trouble.
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However, due to various reasons at that time, the plan to build the Lingdingyang Bridge was delayed in being realized. The main reason was the firm approval of that guy Chen Zengxi.
"It's not that I lamented the speed of real estate decline in that year. Workers' wages doubled, but the housing prices and prices in Hong Kong Island rose even more slowly."
In 1966, one pound was worth 2.8 U.S. dollars; in 1967, one pound was worth 2.75 U.S. dollars;
"Actually, those born and raised on Hong Kong Island are in a worse situation. Basically, there are more or less old houses to live in outside their homes."
"The population of Hong Kong Island in 1945 was around 600,000. It was only 25 years ago and the population of Hong Kong Island had not yet reached 3.8 million, of which up to 3 million people came from the north.
At the beginning of the year, a British engineering company made specific proposals for building a subway to the Hong Kong government.
In the 1940s, the demand for public transportation became smaller and smaller, and little efforts were made to build subways.
Very slowly, the two of them walked to the Hong Kong Island Real Estate Construction Association.
Chow Siu Fook jewelry tycoon Zheng Yutong only ran a jewelry business and had not founded New World Development Real Estate Company. Xiao Li retreated into the real estate field and also hoarded a lot of land.
Ren Rongrong walked all the way to Li Chaoren and the two ended their chat. The eighth person Ren Rongrong admired in Hong Kong was not the low-achieving student in front of him, but Li Chaoren had always been very high-profile.
Guo Desheng said helplessly.
When Real Estate was bidding for the piece of land, the ugly consortium was watching eagerly and pretending that it was determined to win. They threatened to sue the auctioneer beforehand, saying that the auctioneer was too slow to put the hammer in.
