Chapter 378 can be exchanged for letter B!
Li Changhe returned to the banquet hall. At this moment, there were fewer people in the banquet hall.

Some people come for their own purposes, while others come simply to build relationships and become familiar with others.

However, Pao Yu-kong is still the center of the crowd. After all, Pao Yu-kong can be said to be one of the top Chinese in Hong Kong Island today.

"Ayang, where have you been?"

"You disappeared when I wasn't paying attention."

Li Changhe was just about to find a place to sit down, but before he found one, he was stopped by someone.

Turning around, it was Chen Tinghua.

"Uncle Chen, I just went out for a while."

When Li Changhe saw that it was Chen Tinghua, he smiled and responded casually.

"Come on, let's sit down and talk for a while."

"I just heard Qi Ran say that you also acquired the Bosak Group in Europe?"

"Why, you still want to go into the textile business?"

Chen Tinghua did not talk about buying land directly, but started talking about other things.

"I have this consideration. People always need clothes for food, clothing, shelter and transportation. Textiles still have a future."

Li Changhe said with a smile.

"You're right, but the textile market is not doing well right now. I'm sure you know that I used to be in the textile business. Nan Fung Textile produces 640 million pounds of yarn every month. I'm second in Hong Kong Island, and no one dares to claim first place."

"But to be honest, I think the textile industry has come to an end in recent years. The market is not good. Otherwise, I would not have shifted my focus to real estate."

"In fact, we can also see from your acquisition of the Bosak Group that the European market is also very bad."

"To be honest, this is not a good time for you to join the game!"

Chen Tinghua said seriously.

Li Changhe smiled and nodded: "Uncle, from the perspective of the market, it is true, but the market is always changing. By the way, your Nanfeng Textile is now focusing on real estate."

"Then can you introduce me to some high-end talents in the textile industry? I am very short of people right now."

Although Weiersi is capable, he majored in finance and does not have enough knowledge about the textile industry, so Li Changhe cannot rely entirely on him.

We still need some more professional talents who are immersed in this field.

Nowadays, when you feel sleepy, someone will send you a pillow. Isn’t Nanfeng Textile bringing talents to your doorstep?

Hearing Li Changhe's words, Chen Tinghua smiled and said, "You are really good at taking advantage of opportunities."

"Well, when we get back, I'll recommend you a few good managers. They are all my former subordinates. Their abilities are absolutely no problem."

As Nan Fung Textile transformed, some people were able to adapt to the cross-border business, but some people naturally could not and were eliminated.

These people may not be good in other industries, but they are very capable in the textile industry. Now that Li Changhe needs them, Chen Tinghua is naturally happy to sell them well.

"Thank you very much, Uncle Chen!"

Li Changhe thanked Chen Tinghua sincerely.

Chen Tinghua waved his hand: "This is just a small matter, it doesn't matter."

Since you want something from someone, of course you should show your willingness first.

"Ayang, uncle, let me ask you one more question. When we came here just now, you promised me something. Were you kidding me?"

"Can Jardine Matheson really sell me a piece of land?"

Seeing that the time had come and that he had sold out his plan, Chen Tinghua decisively got to the point and asked Li Changhe.

Li Changhe smiled when he heard this, and then said seriously: "Uncle, I won't joke with you about this kind of thing."

"There is a piece of land in Mong Kok owned by the Hong Kong Land. It used to be the ice-making factory of the Dairy Farm Company. It has an area of ​​about 50,000 square feet and has been planned for commercial use. How about selling it to you?"

Although Swire Properties is known as the King of Central, it means that it owns the most core plots of land in Central, but it does not mean that it only owns land in Central.

Hong Kong Holdings also has some undeveloped plots of land in Kowloon, but these plots of land are factory lands of other subsidiaries. For Hong Kong Holdings, these lands are not of the best quality and have been left there without being developed. Sometimes they are even sold out.

For Jardine Matheson at that time, it was not difficult to work with the Hong Kong government to change the nature of these lands. After all, Jardine Matheson forcibly acquired Dairy Farm International for the land of its factory ranches.

For Swire Properties, land in a place like Mong Kok is nothing, but for a small real estate developer like Nan Fung Group, a piece of land in Mong Kok is already very good.

You have to know that the plots of land they had acquired before were all in remote areas, and even in Hong Kong Island, they could only get a small piece of the pie.

For example, a few years ago, Chen Dinhua spent a huge amount of money to buy a piece of land on Hong Kong Island from Swire Group and Cheung Kong Holdings and built Nan Fung New Village. The location was on King's Road, at the easternmost end of Hong Kong Island.

But even so, the rise in housing prices still made him a lot of money.

Now, although the Mong Kok given by Li Changhe is in Kowloon, it is considered a prosperous commercial district in Kowloon. The real estate here is easier to sell, and most importantly, the commercial land can be built into commercial buildings.

Once a commercial building is built and rent can be collected, it will be a stable golden goose that lays golden eggs.

However, despite his joy, a hint of embarrassment appeared on Chen Tinghua's face.

"Ah Yang, the prices in Mong Kok are not cheap!"

Today, commercial real estate is the most expensive land price in Hong Kong Island. The price per square meter at auction by the Hong Kong government in Central and Tsim Sha Tsui can be as high as HK$13 per square meter.

Although Mong Kok cannot compare with areas like Central and Tsim Sha Tsui, it is also a prosperous commercial area in Hong Kong Island today. Even if you don’t calculate it based on the maximum price, one square meter would cost around HK$100,000.

Fifty thousand square feet is about 5500 square meters, which means the price of this land is about 5.5 million Hong Kong dollars.

Although Chen Tinghua was known as the cotton spinning king and also invested in real estate, it was very difficult for him to take out such a large amount of money.

You should know that his Nan Fung New Village is sold at a price of only HK$450 per foot, which is equivalent to four thousand dollars per square meter.

"Uncle Chen, you can just go with the normal market price. This is the biggest discount I can give you."

"You have to know that the current real estate market, especially commercial land, prices are rising every day."

Li Changhe spoke to Chen Tinghua seriously at this moment.

Chen Tinghua also sighed helplessly.

What Li Changhe said was right. Now Li Changhe could sell him a piece of land at the market price, which was already a great discount.

The current real estate prices are actually in a super bull market.

The swindler Carrian Group bought the Golden Gate Building from Swire Properties for HK$9.96 million and will sell it for HK$16.8 billion by the end of the year.

Although there is a reason that Jianing Company boasts about the fraud, there is no doubt that this price is actually recognized in the market.

This also represents the glory of Hong Kong Island real estate.

The period from 1980 to 1981 was a super bull market for real estate in Hong Kong Island. Population poured in, prices skyrocketed, and any real estate business made money.

Therefore, Chen Tinghua was very clear that what Li Changhe gave him was indeed a piece of fat meat.

However, if he wanted to take advantage of this piece of fat meat, he couldn't come up with so much cash, unless he sold everything he had and borrowed money from the bank.

But that is obviously impossible.

"Uncle Chen, are you short of funds?"

Looking at Chen Tinghua's posture, Li Changhe said with a smile.

He did it on purpose, using the land in Mong Kok to lure Chen Dianhua.

There is not much land left in Kowloon owned by Swire Properties, and the land in Mong Kok is considered to be the best one among them.

The fact that it has been kept means that Swire Properties is optimistic about its location and value. However, compared with places like Exchange Square, it is still inferior, so Swire Properties has kept it.

"Hey, Ayang, you've really given me a difficult problem. It's really hard for Nanfeng to come up with this money right now!"

Chen Tinghua said this with embarrassment at this moment.

He wanted to propose installment payment or stock pledge, but he felt that was too shameless. As an elder, asking Li Changhe to buy land was just taking advantage of him. If he continued to take advantage of him, it would be unacceptable.

Even if Li Changhe fell out with others, no one would blame him.

After all, they have given you face and preferential treatment, and you still want to take advantage of them, then you can't blame them for not giving you face.

"Uncle Chen, I heard that Nan Fung Group has a lot of Type B land rights certificates, right?"

Seeing that his appetite had almost disappeared, Li Changhe started to get straight to the point.

"Yes, I can't participate in land auctions, and I don't have any channels to buy high-quality plots of land. I can only buy some letterB."

Letter B is the Type B land exchange rights letter!
The Hong Kong government divides the land exchange rights certificates in the New Territories into two types. One is letter A, also called Type A land exchange rights certificate. This type is because the nature of the land itself is building land, such as a personal house. Therefore, when exchanging the commercial building with the Hong Kong government, the area ratio is 1:1, one square meter for one square meter.

The other type is letter B, also known as type B land exchange rights letter, which mainly refers to farmland. When the Hong Kong government develops farmland, it will use this certificate to exchange land. The negotiated ratio is 5 to 2, that is, 5 square meters of farmland for 2 square meters of buildings, and the remaining square meters will be used as public land.

After Chen Tinghua finished speaking subconsciously, he suddenly reacted.

He was able to build such a big business, so he must be very smart. Li Changhe would never bring up this matter for no reason.

so?
"Ayang, do you want letter B?"

Chen Tinghua asked seriously at this time.

"If uncle's funds are not in good hands, you can use letter B to bid the highest price."

"I can receive letter B here!"

Li Changhe said with a smile.

"Is that so?"

Chen Tinghua began to think at this time.

To be honest, letter B is a helpless move for small real estate developers like them.

After all, good plots of land are hard to buy, and they don’t have the money or capital, so they can only find ways to buy land exchange rights certificates from farmers, which is a disguised way of buying land from the Hong Kong government.

But now, although the price of the land exchange rights certificate has increased a bit, it has also encountered difficulties.

The dilemma is that the Hong Kong government will not pay!

There is no time limit for the land exchange rights certificate, but you cannot redeem it at will. The prerequisite for its redemption is that the Hong Kong government has sufficient development floors to redeem it.

But now, the Hong Kong government has also encountered a problem.

The original exchange ratio for farmland was 5 to 2, which was appropriate at the time.

However, with the development of real estate in recent years, the public land area has become larger and larger, and the ratio of 5 to 2 is no longer appropriate. In other words, if a 5 to 2 ratio is used to exchange the land exchange rights certificate for each piece of land developed, the actual floor space in the hands of the Hong Kong government will not be enough.

It is a loss-making business. The more it is exchanged, the more the Hong Kong government loses.

The Hong Kong government will never continue to do such things that will harm itself.

Therefore, the Hong Kong government subsequently stopped developing the land in the New Territories. Alas, it doesn’t want to play anymore!
The current situation is that the land exchange certificate can nominally be exchanged for land, but in reality, it has little effect.

After all, the initiative to develop the land lies in the hands of the Hong Kong government. If the Hong Kong government turns a deaf ear to it, it will be of no use even if you hold the land exchange rights certificate.

Moreover, the land exchange rights certificate can currently only be exchanged for land in the New Territories and cannot be used in other places.

Land and properties like Kowloon and Hong Kong Island, which are owned by the Hong Kong government, have high commercial value, and even a fool knows that it is impossible for the government to allow you to exchange them.

So the land exchange rights certificate is valuable, but not too valuable.

For Chen Tinghua, this thing is a bit useless now.

Currently, Nan Fung Group holds approximately 60 square feet of land rights certificates, some of which are Type A and most of which are Type B. The total price of these land exchange rights certificates is worth about million yuan.

But even so, Chen Tinghua estimated that it was still not enough.

He can currently come up with 1.5 million in cash. If the company mortgages a portion of it, it can also borrow some funds, but this would be too risky.

"Uncle, if it's still not enough, you can find someone to partner with you!"

"But I have priority in purchasing the land exchange rights certificate!"

Li Changhe took the initiative to speak to Chen Tinghua at this time.

To put it bluntly, he also spread the word about his acquisition of the land exchange rights through Chen Dinhua.

Land exchange rights certificates are basically in the hands of Chinese real estate companies, as British real estate companies look down on these rural farmlands.

What Li Changhe needs to do now is to use some high-quality plots of land in Kowloon and Hong Kong Island to attract these Chinese real estate developers and let them use the land exchange rights certificates to exchange for the high-quality plots of land in the hands of Swire Properties.

From the perspective of long-term economic benefits, Swire Properties is actually losing money. The future appreciation potential of land in Hong Kong Island and Kowloon is much greater than that of the new towns in the New Territories.

But again, the land exchange rights certificate represents not only land to Li Changhe, but also the right to develop the land in the New Territories in the future.

Housing prices are an important issue that will affect the ecology of Hong Kong Island in the future. The difficulty in developing land in the New Territories is an important factor hindering the Hong Kong government's ecology and driving up housing prices in Hong Kong Island.

Li Changhe remembered that Future Light Sun Hung Kai Properties and Henderson Land Development jointly owned nearly 60 million square feet of farmland in the New Territories, which is a total of 666 hectares of land.

The future area of ​​Beijing's Tiantongyuan will be 11 square kilometers, or about 1100 hectares.

The resident population of Tiantongyuan is 60, and that is based on the planning of the capital.

If the public housing planning is similar to that of Hong Kong Island, Li Changhe feels that the population capacity can be doubled.

Li Changhe does not require to sweep up all the land exchange rights certificates on the market. As long as the area of ​​the land exchange rights certificates he holds exceeds that of Sun Hung Kai and Henderson Land, then in theory, he can provide the country with developable public housing land for at least 500,000 people in the future.

This is a very important trump card for high-level officials to infiltrate Hong Kong Island and influence the people's livelihood.

Moreover, even if it is the construction of public housing, the project and property rights will most likely fall into Li Changhe's own hands. After all, he only needs to take out these plots of land to cooperate with the policies of the top leaders.

This does not mean that the land must be handed over to the state.

After hearing this, Chen Tinghua immediately understood that Li Changhe was hinting at him that he could bring other real estate developers into the market.

"Ayang, wait for me to go back and discuss it with someone, and then I will contact you."

After getting Li Changhe's guarantee, Chen Tinghua no longer had any intention of staying here.

After all, eating and drinking is not as important as building a high-quality building.

Afterwards, Chen Tinghua went to say hello to Bao Yugang and others, and then left in a hurry.

He has to find a partner.

At this moment, Bao Yugang also came over, looked at Li Changhe, and asked with a smile: "Have you also negotiated with Lao Chen?"

"Seeing how anxious he is, has he agreed to exchange the land rights certificate with you?"

Li Changhe nodded: "Uncle, I'll give them a piece of land in Mong Kok as fat meat, they will definitely eat it."

"The two elder brothers from the Shao family have also left. It seems that you have also reached an agreement with the theater chain?"

Bao Yugang asked curiously again at this time.

"That's about right. I think Uncle Shao is at least interested!"

Li Changhe said with a smile.

Bao Yugang became interested at this time.

He thought that Li Changhe would use TVB's affairs to influence Shao Yifu, but he didn't expect that he actually convinced Shao Renmei?
"Come on, tell me how you convinced Shao Renmei?"

Li Changhe then told Bao Yugang his ideas. After listening, Bao Yugang looked at Li Changhe in surprise.

"You actually set your sights on Shao Weiming, really..."

It was the first time for him to see someone using someone's son as a bargaining chip in a business negotiation.

(End of this chapter)