My Lord, you need to stand up!

Chapter 725 Yes, that's exactly what I think.
So they deliberately offered Weidong a piece of vacant land and a warehouse as a "friendly donation" so he could come up with something new.

The first month or so was the groundwork, and we took it all in at a leisurely pace.

Now, in just two or three days, Wei Dong has begun to generate commercial value by leveraging the popularity he has already built up, and he immediately stepped in to reap the benefits.

Because if it's any later, the price will probably be even higher.

This surprised Wei Dong, who was limited by the business environment in mainland China and his own perspective.

My plans for the future of this plot of land were limited to small-scale tinkering with the existing warehouses, but I never expected that as soon as they saw any signs of progress, they would immediately launch a fierce attack!

The mainland market simply does not have the capacity to accept this.

But Hong Kong definitely can.

Pretending to have already planned this, she calmly nodded: "You noticed too, that's exactly what I was thinking..."

It's not entirely bragging; this is actually how business will look in mainland China in 20 or 30 years.

The top commercial centers in Tsim Sha Tsui are bound to be places that carry all kinds of common business formats, and are high-end places with luxury goods and watches as their core.

With a large number of basketball enthusiasts, this place can be positioned as a sports goods mall.

Extending this further, it can attract even more other categories: "The characteristic of this model is to attract potential consumers with events, clubs, and on-site experiences. Once you have popularity, the subsequent business will follow naturally. Basketball courts, bowling alleys, billiards, and so on can all be crammed in. This will attract young people from all over Hong Kong, and then the land will be speculated on, and apartments can be built around it slowly."

When Wei Dong first came to Hong Kong, he and Qin Yuye witnessed Uncle De's scheme of using amusement parks to hype up the surrounding land.

In fact, these tactics are quite common in the eyes of veteran Hong Kong businessmen.

But how much money would it cost Wei Dong to demolish this stadium?
Uncle De spent hundreds of millions of dollars and more than ten years developing amusement parks!
Several hundred million that started in the 1960s!
This is a month.

Although it's only just begun, it's already showing great promise.

What's even more surprising is that this is a sports-themed operation that Wei Dong "intentionally" did: "Oh, you'd better put a stadium here. Not only will it guarantee business for future large-scale international sporting events, but it will also be able to steal business from concerts and the like. Look how much money Hung Hom makes."

The Hong Kong Coliseum, which only opened to the public in 1983, doesn't host many sporting events, but it's already packed with concerts.

Old Heng was overjoyed but also regretful: "It's not enough. The land here is a long, narrow strip along the dock. It's fine for building commercial centers and apartment buildings, but the stadium is still too narrow."

Wei Dong casually remarked, "Reclaiming land from the sea, asking God for land, expanding it a little bit is what really matters."

Old Heng is quite shrewd, isn't he? "Pete, what kind of trick are you up to now?"

Wei Dong's bewildered look only provoked Lao Heng to burst into laughter: "You're acting so innocent! You just want to get people to work with you on your dock reclamation project, don't you?"

Oh, last year Wei Dong made a bold statement: the biggest drawback of the West Wharf is that the water depth in the Pearl River Estuary alluvial plain is not deep enough. I will definitely reclaim land from the sea to expand the West Wharf, and dredge the berths to increase the water depth, heading towards the deeper waters of the estuary.

I really want to borrow some acting skills from Leung Ka-fai right now. I finally managed to come up with that awkward "heh heh, you've caught me" expression: "Money isn't a big problem, the key is technique. I want the best technique, like that..."

After a few futile gestures, netizens will probably know in thirty years that the national treasure that was once widely discussed—the thing used to build islands in the South China Sea—was dredged here and the sand could be pumped out and piled up elsewhere, achieving two goals at once: dredging and land reclamation.

Old Heng felt he had caught the little fox by the tail and laughed heartily, clapping his hands: "I knew you had ideas! Okay, let's register this reclamation company together. The area reclaimed in Pengzhen will belong to our company, right?"

Wei Dong immediately realized that he had crossed the line again: "Hey, hey, you can't calculate it like that in the mainland. The land belongs to the state. At most, we can exchange it for some other building area. I'll help you exchange some land in the western district to build a residential area. I'm a bit caught up in the details right now. I'm focused on building the factory, and I really don't have enough capacity to build a residential area. You take over."

He definitely moved up the timeline for Hong Kong businessmen to build houses on the mainland.

Moreover, Wei Dong's thoughts were very simple: he didn't want Hong Kong businessmen to build too many residential buildings and drive up housing prices. No matter what happens in the future, he wanted to suppress the prices as much as he could while he still had influence.

Therefore, they mainly help Hong Kong businessmen build commercial buildings, office buildings, and hotels. Commercial and residential buildings are limited to apartments similar to international communities.

Jiangzhou, Shanghai, Beijing and other places are looking for Hong Kong businessmen at this time, actually more to learn their real estate business methods. But they found that Wei Dong and Chi Shiming's combination had already learned them and were not stingy in teaching them everywhere. So they were not very interested in doing business with Hong Kong businessmen. They were more willing to donate money.

This trend was evident at least in the mid-to-late 1980s.

Now, packaging plants, wafer fabs, sound card factories, and so on, as well as the idea that Wei Dong and Lao Fang want to build factories for these sports brands in the West District Industrial Park, will require a large number of residential buildings. Even if workers can't afford residential buildings, there will be a large demand from middle and upper-level employees and white-collar workers.

There's nowhere to live, how can we build a factory?

So Lao Heng immediately agreed: "Working with you is so efficient!"

Then the two old foxes began to stroll around the site, pondering how to transform this narrow plot of land, about one kilometer long, along the dock into a complex of buildings with a stadium.

The initial idea was to build a beautiful and exquisite stadium in the center, like a watch strap, and then expand outwards from it to form a series of high-rise buildings. Actually, at that time in Hong Kong, there weren't many sports brands available. There were only a handful of big names like Adidas, Mizuno, and Umbro, and Nike hadn't even grown into a major player yet.

In reality, there are many different brands in Europe and America, especially in those days when most brands were focused on a single sport, far from the scale of later giants like Adidas and Nike that spanned all categories.

So Wei Dong then revealed his backup plan: "Once these sports brands have tasted the sweetness of selling in Hong Kong, I will attract them to set up factories in mainland China for OEM production, and then sell to the world..."

Old Heng clapped his hands in delight and exclaimed, "Then we'll have to set up various offices in Hong Kong, and we won't have to worry about renting out office space in our commercial buildings!"

Right? That's all the Hong Kong business tycoons care about.

Rang Weidong was only slightly more concerned than him at the moment. He would be grateful if he could bring in contract manufacturers and revitalize the container factory and port business.

So this is a plan for a super seaside sports city that will consist of more than ten buildings in the future, half of which will be high-rise buildings of thirty to fifty stories, and the other half will be commercial centers of several dozen stories.

An investment plan spanning at least ten years!

To maintain Weidong's ability to attract foot traffic, it now needs to take a 20% stake in this initial plan.

However, it depends on how much he can invest in each building; otherwise, if he builds one building after another and distributes the proceeds, he will only be a small shareholder with a percentage to a few per thousand.

Leung Ka-fai, who was selling leather bracelets for a few Hong Kong dollars yesterday, skillfully played the role of an attendant secretary by wearing the same jersey as Rang Wei-tung and listened in on the business plan, which went from small talk to final decision.

Witnessing firsthand how what was once just a bunch of scattered basketball shoe counters, a dozen or so tables and chairs with Coca-Cola and beverage advertisements and sun umbrellas, plus a makeshift private basketball court, has been transformed into a super real estate project with a total value of at least tens of billions, or even hundreds of billions!

For comparison, the most expensive commercial real estate project in Hong Kong is Harbour City, which occupies the old pier in Tsim Sha Tsui. It was planned in the 1960s and is now only one-third complete, but its retail sales already account for 10% of Hong Kong's total.
The entire real estate project was estimated to be worth hundreds of billions of Hong Kong dollars by the 1990s.

In reality, thirty or forty years later, the annual rent collection will exceed 10 billion!
That dock was only 600 meters long.

One kilometer from here.

Previously, Lao Heng was unwilling to simply transform this place into a commercial and residential building, always wanting to turn it into a phoenix that lays golden eggs. Unfortunately, it was only two or three kilometers away from the most sought-after core plot. Unexpectedly, Wei Dong was able to use the popularity of sports to drive the development.

And there's no risk to him either.

The original plan was simply to renovate and build a new building; this approach is purely for driving up prices and making exorbitant profits.

In particular, they also brought in a collaborator like Rang Weidong, who had both strong background and ability to make decisions.

Because of its scale, even Lao Heng couldn't afford it, so he had to list the company on the stock exchange to raise funds from the financial market to build the building.

The process of shareholder dilution or amplification throughout the entire project took place within this listed company.

Having never traded stocks before, but holding some of the earliest original shares in the Shanghai Stock Exchange, Wei Dong never imagined it would be so complicated. He just nodded indifferently, pretending to be nonchalant, and said, "Let's take it one step at a time."

He seemed to be a seasoned veteran.

Therefore, when he quickly established the design firm for the Seaside Sports City project, he insisted on bringing in his own designers to serve as at least the second-in-command, which seemed like a check and balance to control the situation.

Old Heng looked at his expressionless face and thought it over before agreeing.

Who knows if this guy just invited Liu Xiaoyong over to participate in more learning, or if Liu Xiaoyong will be silenced or hunted down.

In Hong Kong, every designer who can lead this scale of work is a top-tier graduate from a prestigious university.

That guy was just a self-taught surveyor in an infrastructure team who then spent half a year studying at the not-so-famous Washington State University School of Architecture.

I walked the entire kilometer-long pier, which is now filled with all sorts of abandoned crane ships.

The future belongs to these two men; they can transform this place completely.

Wei Dong pointed to the middle section and gestured: "It protrudes here, and the side looks like the spring of a watch. We can build a yacht marina here, and also set up some water sports... Yes, sailboats and the like?"

He suddenly remembered that Hong Kong's first Olympic gold medal was sailing, right? It was a huge hit across the mainland, Hong Kong, and Taiwan, and the whole country was happy for Hong Kong.

This matter must be properly arranged.

Don't let your interruptions affect your performance.

(End of this chapter)