Chapter 768 Central MTR Station

Chapter 768 Central MTR Station

Chapter 768 Central MTR Station

Yang Wendong, who was far away in Hong Kong, also received reports from his subordinates, including some pictures, showing many people queuing up to play his own arcade machines.

After Su Yiyi saw this, she said in surprise: "These people are so boring. They actually waited so long for the game?"

"Haha, it's normal for many people who like games to be crazy about it." Yang Wendong smiled;
Compared to the early days of Apple phones, when so many people stayed up all night to queue up in front of Apple stores, the current queues are nothing. Queuing can also allow you to participate in other people's games, which is also a kind of fun.
Su Yiyi continued, "It seems that Hong Kong's electronics industry is going to develop in great strides again. Brother Dong, you are really amazing."

"Haha, it's okay, but don't be careless. This industry is still not enough. Only when the civilian demand products are expanded can it be considered a success." Yang Wendong shook his head and said.

Although the profits from arms and aircraft were huge in the past, the entire market was too small to meet the most basic people's livelihood needs.
Among the world's top 500 companies, most of them are directly connected to people's livelihood, such as automobiles, home appliances, banks, beverages and foods, medicines, etc. The needs of billions of people will always be the largest market.

Su Yiyi smiled and said, "Then my clothes are also counted?"

Yang Wendong nodded and said, "Of course. If your Yiran House can be opened all over the world, you may become the richest woman in the world."

In the past, the bosses of ZARA and Uniqlo were also some of the richest people in the world, and occasionally they could even become the world's number one. So don't think that the clothing industry is a sunset industry. If it can be made bigger and stronger, it still has plenty of potential.

After all, food, clothing, housing and transportation are basic social needs, and the global clothing industry has a market value of hundreds of billions of dollars each year. It's just that there are too many competitors, and due to internal competition, profits are getting lower and lower.

Su Yiyi said: "Changxing Real Estate has already acquired properties in Japan, and currently it is mainly in Kyoto. Some of them have been acquired and are being renovated. Next year, some stores will be ready to open."

"Okay, then we can advertise it on a small scale. Hong Kong stars are somewhat famous in Japan now, so you can ask a few of them to go over and try." Yang Wendong followed.

Property investment in Japan will also be the core property of Changxing Real Estate in the future. After all, Changxing Group is too large in the Hong Kong real estate market, and it may not be a good thing if it continues to grow.
The same is true for other markets. The rates of return in Japan, Taiwan and other markets are no lower than that in Hong Kong. The downside is that you cannot hold them for a long time. But after cashing out in the 90s, you can invest in China. Many real estate and infrastructure projects in China also need a lot of investment funds, so they can also be held for a long time.

As for helping Yi Ran's family, that was just by the way.

The Hong Kong entertainment industry is now gradually gaining momentum in Asia. After Li Xiaolong opened up the market a few years ago, other Hong Kong films followed suit and some of them also achieved success, including in the local non-Chinese market.
The same is true for the Japanese market. Although the economy of this market is developed enough, the entertainment industry is not very good. In addition to music and comics, it was originally dominated by Hong Kong movies in the 1980s and 1990s. Many Hong Kong stars are also very famous in Japan.
Su Yiyi nodded and said, "Okay, but I won't use it for free. I will still pay for it."

"It's up to you." Yang Wendong didn't care. It was just giving from the left hand to the right hand anyway, so it all belonged to him.

Su Yiyi added: "By the way, Hung Hom has recently invested in a large shoe factory. I heard that it was also your direct order to supply goods to an American company called Nike."

"Yes, what's wrong?" Yang Wendong asked back;

After he successfully invested in 25% of Nike's stock two years ago, he also cooperated with Nike to set up a factory in Hong Kong to reduce Nike's production costs;
Hong Kong originally did not have any high-end sports shoe industry, so everything had to start from scratch. However, Yang Wendong issued an order to recruit people and technology from Japan and the United States to build it up.

Su Yiyi said: "Yi'ren's house also wants to sell some shoes, and we can purchase from this factory in the future."

"That's better, but you also have to be careful when making shoes so as not to affect your original business," said Yang Wendong.

Su Yiyi smiled and said, "Don't worry, I know it very well." "Yeah," Yang Wendong nodded, and he didn't ask any more questions about these trivial matters;

In the textile industry, he basically let his wife run it, but it was actually so smooth because of the support of Changxing Group's large real estate model and the whole industrial chain model;

If you own the property, purchase it cheaply, and have enough funds, it will be difficult to fail.
This is actually just to give your family something to do. Otherwise, a person without a career will be very bored, and over time, he may become depressed, which is not worth the loss.

Moreover, if the textile industry becomes bigger, although the profits may not be high, the employment it can generate will be considerable, which will be a good thing for both Hong Kong and the mainland in the future.

Time soon came to 1976. This year was a year of heartache for countless Chinese people. It is hard to describe.
Yang Wendong, who is in Hong Kong, can do nothing even if he knows some things. He can only go with the flow, but there are many things he cannot do.
In early January, Yang Wendong received a message that the Hong Kong MTR Corporation was preparing to bid for the property land of the subway stations in Central and Sheung Wan. The money would be used to develop the subway.

Most subways around the world are loss-making, but the Hong Kong subway will be able to make a profit in the future. This is also due to a business model designed by the Hong Kong government for the MTR Corporation, that is, the MTR Corporation can acquire properties along the road, sell them at auction, and obtain funds to develop the subway, and then make a profit by selling tickets;

This is also a manifestation of the Hong Kong government's lazy governance. In other places, subway tickets are very cheap, and the government subsidies are mainly to ease traffic and improve the efficiency of urban operation. However, in Hong Kong, because the MTR Corporation is independently operated, the ticket price will be very expensive in the future, so that the entire subway business does not play its due role.
However, as a businessman, Yang Wendong could not care about such matters. What he had his eyes on was naturally the properties around the stations of Hong Kong's first subway. These properties were located in Central and Sheung Wan, with a prime location and a value that was no less than that of the Kang Lok Building.

So Yang Wendong called Zheng Zhijie and said, "Although our company doesn't participate in auctions much nowadays, in principle we will not give up very high-quality properties. We want to take over this subway station property."

Zheng Zhijie naturally knew about this in advance, so he said, "Mr. Yang, all the famous real estate companies in Hong Kong will participate in this auction, but the MTR Corporation requires participation in real estate dividends, so it will not adopt an auction, but require each company to propose its own cooperation plan, and then the MTR Corporation will choose the most suitable one."

"How smart! They asked the heads of so many high-quality real estate companies in Hong Kong to discuss how to develop the property in order to obtain the greatest benefits." Yang Wendong said with a smile.
Although the MTR Corporation is a government-owned enterprise, it also needs to pursue profits as a business, just like companies like Hong Kong Electric and China Motor Bus;
They need to sell the land to get funds to develop the subway, but simply selling the land is too much of a loss. You have to know that except for the Hong Kong government, other consortiums will not sell the high-quality land even if they do not develop it at the moment.
So they want it all, cash and future real estate income, but it is very difficult to achieve this, after all, subway development is also very capital-intensive;
Therefore, this kind of bidding model throws the problem away.

Zheng Zhijie smiled and said, "Yes, there is no way. The location of the property launched by the MTR Corporation is very excellent. Looking at the historical experience of overseas countries, the future value and rental income of properties near subway stations are very high. No one can give up, even if they know they are being taken advantage of."

"Well, no matter what plan we are going to make, let's sign up first." Yang Wendong said, "Anyway, there are still a few months to go, so we can think about it slowly and see how to make a decision that will satisfy the MTR Corporation the most."

"Okay." Zheng Zhijie asked again: "Mr. Yang, are you going to sell the property built on this land or hold it for a long time?"

"Of course I will hold on to it." Yang Wendong shook his head and said, "If I can make money by selling it, I won't bother to participate."

Zheng Zhijie said: "I understand. I will go and investigate the basic information and see who else will participate in the auction."

Yang Wendong nodded and said, "Well, I guess all the famous real estate companies in Hong Kong will participate. In the future, many real estate businesses in Hong Kong will revolve around the subway."

This is also the basic development route of any city. Even if there was a wasteland near the subway station before, once it is announced, every inch of land will become valuable. The government will even deliberately make the subway station pass through places with few people. On the one hand, it forces people to develop here, and on the other hand, it allows the government to sell more unowned land.
Zheng Zhijie nodded and said, "Yes, there is already a precedent in Japan. Most of the areas around subway stations will become new commercial centers."

“We can just come along, and once we get the property, we’ll build a small commercial center.” Yang Wendong said with a smile.

Given the current scale of his group in the Hong Kong real estate market, Yang Wendong does not want to get involved too much unless it is a core construction business;
However, this first subway station is not only a subway station, but also located in Central and Sheung Wan. It can be said that in the next few decades, there may not be many such prime locations. At least in terms of transportation, the Connaught Building cannot compare;

The only downside is that the MTR Corporation also wants to share the dividends of the real estate market, so to a certain extent, it has to share with them; but they are an exclusive monopoly sector, plus the competition is fierce. In the past, Li Jiacheng gave most of the profits to the MTR Corporation before he successfully won the bid;
On my side, this is the only way to go to a certain extent, but the advantage is that I can tie myself to the MTR Group, which is still cost-effective in the long run;
PS: Please give me a monthly ticket
(End of this chapter)