December 24, Christmas Eve.
After playing Landlords in the morning, Chen Zhiwen returned home in the afternoon. Although he didn't care about Christmas in the West, Hong Kong still had a two-day holiday. Over the years, family gatherings had become a habit. Of course, the most joyful thing was the Chinese New Year.
However, when supplies were abundant, every day was a New Year celebration, and there was little interest in festivals. This was also the case in the mainland in later generations.
Today, Chen Tianfu and Wu Xiuling asked their Filipino maid to go home and rest, and the two of them cooked dinner by themselves. Chen Zhiwen was originally going to go upstairs to sleep. He was a little tired in the morning and naturally wanted to rest in the afternoon, but Wu Xiuling forcefully called him up and asked him to go to bed. He started to get started, and eventually, Chen Zhiwen found a good position making meatballs.
Meatballs are not pure meat, but glutinous rice and meat are mixed together, then rolled into a ball shape, and then fried in a pan until the surface is golden brown. I picked up the meatballs from the fried bowl next to me with my chopsticks and ate a dozen of them without even realizing it.
"Eat less, or you won't be able to eat any more for dinner later." Wu Xiuling quickly took away the fried meatballs, but Chen Tianfu also ate them secretly, and was scolded again.
After working in the kitchen for two hours, a sumptuous meal was successfully cooked, and it was almost dark.
There was no ceremony, and the three of them started eating. Fortunately, there was no turkey, which was the most unpalatable thing.
"There are too few people, son." Wu Xiuling said secretly while eating, "When will you bring a girlfriend back?"
"What's the rush? I'm still young and my career comes first." Chen Zhiwen quickly put "career" first and suppressed the topic. This is really a cliché. Every time he comes back, he will be questioned. It was the same in his previous life, and it is still the same in this life.
"Does it affect your career if you have a girlfriend?" Wu Xiuling said hummingly: "Your career is considered successful. Our Chen family is somewhat famous now, but only three people are eating this dinner."
Chen Tianfu obviously didn't take it seriously. He was eating his own food and he didn't want to worry about it.
Chen Zhiwen ignored it. He wanted to ask why he didn't let his father marry a "younger" when it was legal a few years ago because there were so few people, but he thought about it and let it go.
I was eating crabs that I estimated weighed a pound. I don’t know where they came from. They tasted very good. This type of food is most popular among rich people. It tastes very good, but you don’t really eat much. It can satisfy your taste needs very well. , and it won’t make people fat, let alone risk diabetes.
After dinner ended with a chat, Chen Zhiwen and Chen Tianfu watched the news on TVB. The most important topic in the news was naturally the economy, which introduced the situation of the global oil market, the price fluctuations of Hong Kong real estate, etc.
"Dad, how are your recent real estate projects going?" Chen Zhiwen asked casually. Chen Tianfu had several real estate projects under construction before. Later, after land prices plummeted, Chen Zhiwen gave him 8 million yuan for turnover.
"The house has been built, but it is not easy to sell. Many people are still waiting and watching." Chen Tianfu also answered casually. With enough funds, even if the house cannot be sold, there is no need to worry about problems.
Chen Zhiwen said: "Why don't you give me the house? I'm going to build a factory nearby, which will give my employees some place to live."
Previously, Chen Zhiwen deliberately purchased several pieces of industrial land and then built a 12-story industrial office building. The three office buildings totaled 800,000 square feet (about 80,000 square meters) and would also be the starting point of his industry. The location of this industrial building When he was there, he also deliberately chose a place close to his father's property.
"It's not a problem for you. Do you think Hong Kong's industry still has a lot of room for development?" Chen Tianfu asked.
"Of course, Dad, if you still have some funds, I suggest you directly invest in industrial real estate. The cost is low and you can acquire a lot." Chen Zhiwen said with a smile.
In the 1970s, Hong Kong's industry began to decline. However, due to the rapid expansion of the global market and the rapid expansion of the incremental market, even though the proportion of Hong Kong industry in Asia is getting lower and lower, the total amount is still getting higher and higher.
Hong Kong as a whole can still enjoy dividends for 10 years, and the growth rate of industrial real estate will exceed that of residential and commercial office buildings in the next few years. However, the plate is too small, and larger real estate companies will not fully invest even if they invest.
Chen Tianfu thought for a while and said, "Okay, I'll go check it out tomorrow."
Chen Zhiwen thought for a while and said, "Dad, you should know about the land certificate exchange for type B official letters, right?"
"I know, are you optimistic about this too?" Chen Tianfu asked. When his son mentioned this, he should naturally be optimistic about it.
Chen Zhiwen nodded and said, "Yes, I want to hoard some, but I won't be involved in the acquisition. Dad, if you know people in the industry, just buy it for me. As much as you want."
Type B official letter exchange for land certificates first appeared in the late 1950s. At that time, Hong Kong suffered a lot of heavy rains due to weather conditions. In order to achieve long-term development, the Hong Kong government had to carry out a large amount of land transformation to ensure that floods could be discharged in a timely manner, and at the same time, A certain amount of water storage must be carried out, otherwise Hong Kong will suffer from floods and water shortages, and the water supply will be unstable, which is very bad for the economy and will also affect the income of the Hong Kong government and the British consortium.
However, such a large land project requires a lot of demolition and a lot of funds. You must know that the water control project itself is very expensive. The Hong Kong government does not have enough cash, so it launched the "Type B official letter exchange for land certificate".
The Hong Kong government issued a "land exchange certificate" corresponding to the area of the demolished house in proportion to the area of the house to be demolished. Anyone who holds this certificate can exchange land with the government according to the proportion.
The "Type B Official Letter Land Exchange Certificate" has a certain priority. This is the government's original commitment. Even if the land auctioned by the Hong Kong government is within the specified range, no matter what price others offer, the Hong Kong government must follow the original contract. Land is given to those who have priority. It's just that this kind of priority privilege is not valued by most people.
At that time, the Kowloon Peninsula was waiting for development, and the land in the New Territories was worthless. If it was given to real estate developers, people might not even take a look at it. The government's thinking at that time was: those of you who have obtained the land exchange certificate, As long as you are in the specified habitable area, you can redeem the corresponding area. Anyway, there are plenty of empty spaces in other places in the New Territories, so you can choose whatever you want.
It’s just that the real estate market looks at population in the long term. When Hong Kong continues to absorb high-quality immigrants from the north, the demand for real estate cannot stop. The Kowloon Peninsula has a fatal flaw, which is that high-rise buildings cannot be built due to air traffic control. In addition, developing a commercial economy near the airport is really not a good choice.
As a result, big bosses with a future vision began to make plans very early. For example, Lee Shau Kee, as early as the early 1970s, began to purchase a large number of "Type B official letter land exchange certificates". This was because he had long ago judged that the New Territories were Hong Kong's The government must focus on developing areas.
This early foresight also laid the foundation for Lee Shau Kee's subsequent rise. In the 1990s, with the land exchange certificate, Lee Shau Kee acquired a large amount of high-quality land in the New Territories. Earning billions of Hong Kong dollars in net profits, Lee Shau-kee subsequently built Hong Kong's tallest building, IFC (Hong Kong International Financial Center), with the help of these profits. The annual rent is no less than Hong Kong's largest shopping mall, Harbor City.
Equally discerning is Chen Tingyao, chairman of Nan Fung Group. As early as the 1960s, he began to acquire land exchange certificates. With this investment, by the 21st century, the Chen family's family wealth reached hundreds of billions of Hong Kong dollars.
