Tao Liangchen

Chapter 529 Kai Tak Airport

After getting off the plane at the new airport on Lantau Island, Linda Yun, looking listless on the way to the city, noticed the silence in the car and asked curiously, "I remember the first time I came to Hong Kong, the airport was in Victoria Harbour. Now the new airport is so far from the city. Since a new airport has been built, what happened to the old airport? Did they tear up the runway and build houses?"

Su Yehao was stunned for a moment by this question. He said in surprise, "The old Kai Tak Airport in Kowloon should be vacant now. I have to say, that piece of land is perfect for building houses, with a good location, a good night view, and it's not on the street, so it should be easy to develop… I just don't know if the government is willing to sell it."

Linda Yun's casual remark set Su Yehao's mind racing.

Last year, in order to inspect hotels for Hong Kong Hao Tourism's customers, he had personally inspected the Regal Kai Tak Hotel and was still impressed with the surrounding environment.

The Regal Kai Tak Hotel, built in the 1980s, was previously called the Regal Airport Hotel.

After the airport moved to Lantau Island last year, the hotel's passenger traffic plummeted. More than ten million passengers disappeared overnight.

Coupled with the bursting of the real estate bubble, its business was very difficult. At that time, the asking price for a transfer was only about 160 million Hong Kong dollars, and it had a total of four hundred rooms.

Unfortunately, Su Yehao didn't like it, thinking that the surrounding night view wasn't beautiful enough, and eventually bought nearby apartment buildings.

Hong Kong doesn't have a large population, so it doesn't lack land, but it does lack high-quality land for development near the city on both sides of Victoria Harbour.

In Su Yehao's opinion, a good place like Kai Tak Airport is very suitable for being transformed into a brand-new high-end residential area.

So he called his father's secretary to inquire about the specific situation, including the ownership of the airport after the relocation, whether it could be used to build residences, and its estimated value.

After dropping Nong Qingying back at the Shangfeng Shangshui residential area on the Mid-Levels, Su Yehao didn't dare to get out of the car to avoid running into Jiang Yu and her parents, and drove away directly.

Immediately afterward, he received a reply.

Su's father's secretary told him that someone had already assessed it before, but because the airport fuel had accumulated over the years and seeped into the ground, it had contaminated about eleven hectares of land, making it unsuitable for living. They started cleaning up the pollution in October last year, and it was expected to take two or three years.

As for the passenger terminal after the closure of Kai Tak Airport, it was used as an official office building and was being renovated. The departure hall was leased out for short periods, becoming a kind of exhibition center.

The airport runway and apron are now basically abandoned and are often used for outdoor events such as open-air markets and kite-flying competitions.

The other party asked if he wanted to investigate the ownership again in detail. Su Yehao told him to keep looking. Since the polluted area could be treated, it meant that the problem wasn't too big. What he was interested in was just the artificial reclaimed runway, similar to the docks.

Taking advantage of the low prices in the Hong Kong real estate market, if he had the opportunity to take such a large piece of land at a low price and develop it into a super integrated complex project according to the cultural and tourism city model, he would definitely make a lot of money in the future.

It just so happened that he now had a valuable block of non-transferable shares in Yanwenzi Group. If he didn't use them for collateral loans and take the opportunity to profit, it would be a waste.

As a backup investment project, he would just find out more about it for now.

After returning to Big Wave Bay, the little girl immediately rushed over, excitedly jumped into his arms, and coquettishly said, "You've been away for so many days again, I missed you so much! Why didn't you take me to New York for the IPO? I've been following the news for the past two days, and your news is everywhere. Did you make a fortune again this time?"

Don't be fooled by Nangong Tian's height and figure. She only weighs a little over a hundred pounds, and she has everything she should have.

Su Yehao had taken a plane and traveled a long distance, making him exhausted. He almost fell while holding her. Hearing this, he smiled and defended himself, "I was too busy. Even if I took you, I wouldn't have time to accompany you, so it's better to let you stay at home. The book wealth has increased, but only the money in your own pocket counts as real money. It's enough to enjoy looking at the numbers, don't pay too much attention to it."

"Wow, why are you so intent on raining on your own parade?"

After hearing what the little girl said, Su Yehao continued, "There's no way around it, I also hope to keep it going, but unfortunately stock prices go up and down. I'm afraid you'll be disappointed when the time comes, so it's better not to take it too seriously from the beginning. I always feel like the market is acting strangely right now. Just listen to this, don't tell anyone else. If I accidentally ruin my own company's reputation, wouldn't that make me a fool?"

Nangong Tian was happy at the moment. Standing on the ground, she hugged his arm and said with a smile, "Don't worry, I'm not a fool. Anyway, you're super powerful now, and your net worth has surpassed the major Hong Kong tycoons who have been developing for so many years."

"...Okay, what have you been busy with recently?"

Su Yehao originally wanted to say that his foundation was not enough compared to the major old Hong Kong tycoons, but seeing her so happy, he didn't bother to argue.

"..."

After entering the house and greeting Nangong Tian's mother, they sat in the living room and chatted for a while. After Madam Nangong went upstairs to rest in the guest room, the little girl pulled Su Yehao together to the study to check out the trainee profiles that had been finally selected.

Calculating the time, the US stock market had already started trading. Su Yehao turned on the computer, found the real-time data of Yanwenzi Group, and found that it had risen another 6.1% at the opening today.

Sure enough, under a bull market, bubbles are always unreasonable.

Putting aside the future performance estimated by the institutions, based on the performance of Yanwenzi Group alone, a market value of more than 6 billion US dollars is already overspent, but other Internet companies are the same.

Not only Yanwenzi Group is rising, but also more than 200 million US dollars have been added to the wealth management account in the past few trading days, and more than 60 million US dollars have been earned in just one week in the account opened at Dai-ichi Kangyo Securities.

Warren Buffett's value investing theory is simply useless in today's Nasdaq market.

Only after finishing his own business did he have the mind to look through the resumes.

They were all handsome men and beautiful women, and those who could sing, dance, and had studied acting had an advantage. Among them, there were several girls that caught Su Yehao's eye.

The little girl said regretfully from the side, "Actually, there are many very suitable candidates, but unfortunately some families don't agree, and some are still in school, so we have to wait for the next batch. I've hired many famous actors to come and teach them, as well as top-notch dancers and singers. I always feel like there's something I'm not doing well enough, and I'll need you to help me with ideas when the time comes."

"It's already very good, I don't know any more about this industry than you do."

Su Yehao then suggested, "You can find someone to start adapting the purchased copyrights and prepare in advance. In order to successfully enter the mainland market, it's easy to step on landmines in many aspects. You must find some mainland experts to discuss how to avoid risks when the time comes."