Tao Liangchen
Chapter 277 You Dare Dream of This Kind of Project?
In short, this plan was mainly to build an industrial park, providing office space for high-tech enterprises, as well as financial and tax support.
Because the government didn't have the money to build the industrial park with billions of Hong Kong dollars, the second young master of the Li family proposed a new plan. He hoped to plan a piece of land in the west of Hong Kong Island, part of which would be used to build the industrial park, and the other part to build houses for sale to the public.
It only required planning a large area of land, without the government spending a penny. The Li family would help build the Cyberport industrial park and return it to the government for rent collection.
The remaining land would be developed by the Li family, which was equivalent to using the money for buying the land to build the industrial park.
It seemed like a reasonable transaction, but Su Yehao always felt it wasn't that simple.
From a businessman's point of view, it was in line with the old saying that "no one gets up early without profit," especially when it was being planned by the old Li family, who were as shrewd as could be. This made Su Yehao even more interested.
So, while at his grandfather's house, he asked the old man to help him find out what tricks were hidden behind it.
In recent years, Old Master Tang's generation had been overshadowed by Old Li. In the early years, they were at the same starting line, and some even had more strength than Old Li, but one after another, they fell behind and were left behind by the Li family.
Especially in the past decade, with the retreat of British capital and the continuous sale of capital, the Li family's globalization layout had been quite smooth, with a tendency to become "the richest Chinese in the world."
Old Master Tang had never heard of the Cyberport project before. With a bit of interest, he made a few phone calls and quickly figured out the details.
It was after eight o'clock in the evening.
At this moment, Su Yehao's eyes were bright, and he asked impatiently, "Did you find out? Grandpa, tell me quickly, what are they after? It's killing me!"
"Young man, being impetuous is not good. In the end, it's still about that matter. They're eyeing the land in Hong Kong Island. The planning has already been done, each radish has its own hole. If you want to get land that is not in the plan, of course, you need a special reason, and the Cyberport is that reason."
Old Master Tang was old, but his brain was still sharp.
Sitting on the sofa, drinking tea, he continued to tell with a slow and unhurried voice:
"An office park can be built for three to four billion. The remaining large piece of land, that kid from the Li family didn't specify the construction area. In other words, there is a lot of room for manipulation. A two-story villa occupies so much land, and a thirty or forty-story apartment building occupies the same amount of land, but the price is different. If the Li family really pulls it off, they will definitely make another fortune."
Su Yehao understood.
Seemingly, they were kindly assisting in building an office park, but in reality, they were after the remaining land.
The west side of Hong Kong Island was very close to Sheung Wan and Mid-Levels, and the average price of housing was much higher than that of Kowloon and Mong Kok. The environment was also particularly good, with low building density, belonging to the type of good location that the rich liked.
Before, Su Yehao felt that the Cyberport project was too far away from him. After Zheng Yongwen, the vice-principal, mentioned it, he was too lazy to spend time thinking about it carefully.
It wasn't until now that he realized that this game was a bit big.
Once they really took advantage of loopholes in the construction area, there might be billions of Hong Kong dollars in profits hidden. Compared with the investment amount, there was a chance to make a profit of one or two times over. Even Su Yehao began to feel tempted.
He asked his grandfather, "You can find out the tricks in it by casually inquiring. Don't others know? Does no one compete with the Li family? Although they are quite powerful, they haven't reached the point of being able to cover the sky with one hand, right? Is no one rushing to earn billions?"
"...Hearing you say that, it seems a little strange. If you hadn't mentioned it, I wouldn't have known that there was this project. It's too low-key."
Old Master Tang touched his chin, pondered for a moment, and smiled:
"I understand. They are planning to play the trick of secretly crossing the Chencang, wanting to avoid the land auction and quietly get the land. No wonder even some of my friends haven't paid attention to this matter. When asked, they know nothing about it. It is estimated that Old Li has cleared himself of responsibility and let his youngest son take care of it, so that it is not easy to be watched."
"If it weren't for my aunt's ex-boyfriend, who is specifically responsible for the planning of this project, asking me to ask my dad if he was interested, I probably wouldn't have cared."
Su Yehao didn't have much contact with some of the top wealthy families in Hong Kong. He usually closed the door and worked on his own business, at most planning for his parents, friends, and lovers. It was inevitable that the news wasn't so well-informed.
Like many ordinary people, he was too far away from certain special circles, and mainly relied on newspapers for information.
Old Master Tang casually asked, "Little Zheng asked you to contact your dad, is he planning to bypass the Li family and raise funds to develop the Cyberport?"
"That's right, he seems to be planning to find a few developers to bypass the land auction and use the money from selling the land to build the industrial park."
After Su Yehao finished speaking, the old man suddenly realized and said, "Oh, that's a hard job. The houses can't be sold anymore, and it's hard to say when they will stop falling. Not many people are willing to take the land now."
Don't look at Old Master Tang being old, his experience and knowledge were there, and his mind was more flexible than many young people.
In terms of memory, he might not be as good as young people, but when it comes to the twists and turns of the business world, ten cobblers added together might not be as good as the old man.
Seeing his grandfather hitting the nail on the head, Su Yehao admired him:
"That's right, that's how I rejected my aunt's ex-boyfriend at the time. Looking back now, it was a bit rash. With house prices falling like this, the Li family's interest in Cyberport has greatly reduced, and they may not want to continue. If we take advantage of the lack of market confidence and submit our plan as it is, borrowing a chicken to lay eggs, building more houses, and holding the land in our hands for a few years, we might be able to earn thirty to fifty billion."
Old Master Tang vaguely sensed something was wrong, glanced sideways, and found that Su Yehao was indeed staring at him.
Good fellow, he was being targeted again!
The old man shook his head with a smile:
"Don't look at me, do you think I'm a money tree? Even if you sell me, you can't raise such a large sum of money. Not only is it to build the industrial park, but the cost of building the buildings later has to be paid separately. If your dad hadn't invested in the mainland, there would have been a chance to try it, but now the money from both families combined is still not enough."
Su Yehao calculated simply and found that he really couldn't support such a huge project.
He told him, "I'll pay about one billion myself, and the rest can be mortgaged with the land to get a loan from the bank. The interest rate in Japanese banks is low, and they might be willing to gamble with me. It's definitely not cost-effective to pay out of my own pocket, but using bank loans to invest is equivalent to leveraging land speculation, and the profits should be considerable."
Hearing Su Yehao say "my aunt's ex-boyfriend" again and again, his aunt had already rolled her eyes repeatedly.
Seeing that the grandfather and grandson were talking about serious matters, she didn't interrupt.
Su Yehao's mother smacked her lips at this time and shook her head with emotion:
"Pay one billion yourself and borrow several billion? Fortunately, I listened to your dad and didn't give you the family's charitable trust fund to manage yourself, otherwise, I might be carrying tens of billions of loans in a daze in the future. I might be kicked into a ditch by you and be dragged down to the streets by my own son. You dare to think about this kind of project?"
Su Yehao waved his hand and added:
"It takes time to plan a project, a year and a half is considered fast. What if I make another fortune in the next few months, and the stocks I invest in go through the roof? I definitely won't touch the family's money, don't worry, I know what I'm doing..."