…

end of October.

Xu Cun quietly established Huangtu Land Company, with Mei Aifang 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 1999 (1997).

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

I don't know since when, a saying called the "Nine-Seven Great Limit" began to spread in Heung Kong. The general meaning is that all land purchased in the New Territories will be recovered and confiscated by China G in 1997.

Under such circumstances, who would dare to buy land in the New Territories?

As a result, the price of industrial land in Kowloon Bay, in terms of floor area, fell from a peak of $360 per square foot in December 1980 to $25 per square foot, a drop. up to ninety-three percent.

Others dare not buy it, what does Xu Cun, who knows the outcome of the negotiation, dare not buy?

After some negotiation, Xu Cun bought the eastern edge of Tseung Kwan O in the southeast of the New Territories (that is, Da Chi Sha, three kilometers southeast of the new town of Tseung Kwan O) for HK$210 million with the British Hong Kong government in the name of Huangtu Land. 75 hectares of land in the north) were purchased (that is, the entire Tseung Kwan O Industrial Park).

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

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

Therefore, Xu Cun, a big-headed man, 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. Naturally, the British Hong Kong government could not ask for it!

Although he bought 7.5 million square feet (750,000 square meters) of land for just over 200 million Include a clause in the contract: He Xu Cun can fully plan the land of Tseung Kwan O Industrial Park.

...

Once Huangtu Land was established, Xu Cun merged the Federal and International buildings in Central into Huangtu Land.

The Federation Building is located at No. 71 Des Voeux Road Central, Heung Kong Central. It was built in 1964 with a height of 31 floors. From 1964 to 1966, it was the tallest commercial building in Hong Kong.

The International Building is also a commercial building. Its south is located at No. 141 Des Voeux Road Central (junction of Gilman Street), Central, Heung Kong Island, and its north main entrance is at No. 73 Connaught Road Central. The International Building was built in 1967 with a height of 32 floors. The building was built by the Federal Realty under Wheelock and was once the tallest building in Hong Kong.

In 1981, the monthly rent of Grade A office buildings in prosperous areas reached 28 to 30 yuan per square foot. Therefore, as long as the current cold winter period is passed, the annual rent of the two buildings of the Federal and International Buildings will have to be 200 to 300 million Hong Kong dollars (not deducting the management fee).

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

After comprehensive consideration, Xu Cun emptied the second and third floors of the International Building and rebuilt it into a multi-hall cinema with six halls and five hundred seats each, and named it International Cinema.

To this end, Xu Cun also specially asked Jeffrey to help him find the most professional team to design a cinema in the United States.

Des Voeux Road and Connaught Road are very prosperous areas. Everyone knows that building a large-scale cinema or a large-scale cinema in this area will surely attract a lot of customers, but the question is who can afford a large-scale cinema or a large-scale cinema here?

Take this multiplex cinema opened by Xu Cun as an example.

The two-storey building is about 24,000 square feet. Based on the rent in 1981, the monthly rent for these two good floors is 800,000 to 900,000, or more than 9 million Hong Kong dollars per year.

Plus, decoration and other miscellaneous expenses.

If you want to build a large-scale theater or a large-scale movie theater like an international cinema, the one-time investment will cost more than ten million Hong Kong dollars.

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

Of course, there are also two small theaters with 200 to 300 seats nearby.

But what about this?

Can they still do better than a six-hall, three-thousand-seat international cinema supported by DreamWorks?

...

Lu Haitong Building is located at the junction of No. 31 Queen's Road Central and No. 1-7 Cinema Lane, Central, Heung Kong. Lu Haitong Building is the first generation building in Heung Kong.

On July 21, 1961, the inauguration of the building and the opening ceremony of the Queen's Theatre were presided over by Sir Chow Tin-nian. The Queen's Theatre had escalators for the audience to walk on.

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

This time, the stock market plummeted and the real estate market collapsed, and Lu Haitong was also greatly affected, so that the capital turnover was not working~lightnovelpub.net~ Therefore, Xu Cun spent 140 million yuan in the name of Huangtu Land. Ten million Hong Kong dollars bought Lu Haitong Building and the surrounding buildings from Lu Haitong Building, and renamed it Queen's Building.

The Queen's Building is not the only building Xu Cun bought in Queen's Road. The entertainment store not far from the Queen's Building was also bought by Xu Cun from China Entertainment for HK$76 million in the name of Huangtu Land.

The area of ​​the entertainment shop is not large, only 5,800 square feet. In 1846, it was the seat of the first-generation Hong Kong club.

In 1928, the entire building was demolished together with the "Comparison Cinema" behind it, and in 1931 it was converted into a first-generation "entertainment theater" with air-conditioning.

In 1963, the entertainment theater was demolished and rebuilt, and it was built into a thirteen-story entertainment store. At the same time, a second-generation new "entertainment theater" was built.

The Queen's Building and the Entertainment Store are not far from each other. If it was just to buy a theater, Xu Cun would not have bought the two theaters, the Queen's Theater and the Entertainment Theater, which are so close together - even if the traffic in this area is currently It is enough to satisfy the coexistence of these two theaters.

The main reason why Xu Cun bought the Queen's Building and the Entertainment Store at the same time was for investment.

In just over ten years, each of the Queen's Building and Entertainment Store, which Xu Cun bought for more than 200 million Hong Kong dollars, can be worth at least one billion Hong Kong dollars. If Xu Cun spends money to rebuild the Queen's Building and the Entertainment Store, and build them into buildings with more than 30 floors, then their prices, especially the price of the Queen's Building, will never be lower than the two buildings of the Federal and International Buildings.

Let’s not talk about what’s far away, let’s talk about what’s near — aside from the rents of the Queen’s Theater and the Entertainment Theater, as long as the current cold winter is over, the Queen’s Building and the Entertainment Store can bring at least four or five thousand dollars a year to Xu Cun. million rental income.

...

(To be continued.)