We are all reborn, who wants to be the richest man?

Chapter 734 The Development of Ap Lei Chau

"Hello sir, how can I help you?"

"Book a double room and stay for three days."

"Okay sir, the double room is 1980 per day, a total of 5940 Hong Kong dollars."

"So expensive?" Another companion next to the man handling the business exclaimed.

"This is already very cheap, sir. You should know that our Grand Hyatt is the most cost-effective hotel in Hong Kong. We have not raised the price at all during this peak tourist season."

The receptionist did not ignore him because he was not the one who paid, but explained patiently.

"Here, 6000 Hong Kong dollars, and the rest will be your tip."

"Thank you very much, sir. Please show your ID cards and I will check you in right away."

"Li Bin, ID."

The young man who exclaimed just now asked hesitantly, "Duan Peng, do we really want to live here? It's too expensive."

"Nonsense, didn't you see I paid the money? Don't worry, I said this trip is all on my behalf."

Duan Peng's family has some capital, and judging by his familiarity and lack of stage fright, this should not be his first time staying in such a luxurious hotel.

Duan Peng urged him, and Li Bin handed over the documents even though he felt bad.

The two of them quickly completed the check-in procedures and were led to their room by the staff.

As soon as he entered the room, the first thing Li Bin did was to see what the difference was between this room that cost HK$1980 a night and the hotel in Pengcheng.

Duan Peng, on the other hand, threw down his backpack and walked straight to the window, looking excitedly at the vague mountains in the distance.

"It's so expensive, a room costs HK$1980 and it's so small."

Faced with his friend's complaints, Duan Peng replied without even turning his head.

"What do you know? This is Hong Kong Island. For a hotel of Grand Hyatt's level, the room rate is no less than HK$1200.

And where is this place? This is Ap Lei Chau, one of the four major tourist core areas along with Lantau Island, Central and Future City in the New Territories, so it is naturally more expensive."

What is Ap Lei Chau now? It is the holy land of the second dimension in the world. To some extent, Ap Lei Chau is more famous than Lantau Island and Central.

For tourists, unless they are elderly, they don’t have to go anywhere else in Hong Kong Island. Ap Lei Chau is a must-visit place.

As a result, Ap Lei Chau has experienced rapid development, and the biggest beneficiaries are Far East Travel and China Electric.

Needless to say, Far East Tourism Group was responsible for the development of Ap Lei Chau from a poor fishing village to the world-famous tourist destination it is today in just ten years.

As for China Electric Light, it took advantage of the indigenous people.

Originally, the western part of Ap Lei Chau belonged to the power plant of China Electric Light Corporation. After the development of Ap Lei Chau, the power plant was demolished two years earlier than originally planned. Now it has become a major revenue generator for China Electric Light Corporation.

Why does China Electric Light have a market value of more than HK$250 billion, making it an alternative giant among the many technology, retail and real estate stocks in Hong Kong stocks?

In addition to the overseas expansion in recent years and the market share gained through equity acquisitions in Southeast Asia and Australia, there is another point that no one can ignore, and that is the real estate business.

Hong Kong Island developed rapidly, and China Electric was undoubtedly one of the companies that took advantage of the situation.

The large amount of land for power plants means that China Electric Light can no longer be described as having a rich harvest, but rather as extremely wealthy.

Take Ap Lei Chau for example. What was Ap Lei Chau like before? It was not much better than the countryside in the New Territories.

A small village, a few dilapidated fishing villages, and local residents depend on the weather for their livelihood.

But now? The New Territories have become the future development center of Hong Kong Island, which is known to everyone in the world.

It is not only driven by the New Territories Future City and Oriental Silicon Valley, but the key is that now only the New Territories have a large amount of developable land in Hong Kong Island.

Ap Lei Chau has also transformed itself into a popular check-in destination for tourists from Hong Kong Island in the past decade, and is well-known all over the world.

Therefore, the large piece of land at the Ap Lei Chau Power Plant was directly transformed from a wasteland into gold and platinum. Not to mention the only housing estate built in Ap Lei Chau along the coastal area, the housing prices have remained high.

In the slightly inland areas, China Electric Light Corporation joined hands with other Far Eastern companies to build Times Square, Grand Hyatt Oriental Hotel, etc.

China Electric Light Corporation invested in the company by purchasing land, and basically did not spend a penny, but enjoyed almost half of the profits.

You know, Ap Lei Chau is a tourist destination, but there is only one two-dimensional snack street in the central and eastern parts, which cannot meet the needs of tourists at all, so the commercial area in the west has become the focus.

Not to mention other things, the shops in Times Square alone are fully rented every year and it is difficult to find a shop.

Not to mention the office building upstairs, which is not used for office purposes at all, but is divided between two hotels.

One is Robert Kuok, who split up Jardine Matheson, took over Mandarin Oriental, renamed it Shangri-La, and realized his dream of becoming a hotel tycoon.

There is also a Regent Hotel in Hong Kong Island. These two hotels, together with the Grand Hyatt Hotel which occupies an entire independent office building not far away, make up the luxurious hotel complex in Ap Lei Chau.

Obviously, three hotels cannot satisfy the tourists from all over the world on Ap Lei Chau, but how can the prices be raised if there are too many hotels? This is obviously a deliberate move by China Electric.

It is impossible to build a hotel in Ap Lei Chau now. Not to mention hotels, there is no space even for commercial areas. The remaining land in the central part is reserved by the Hong Kong government for Far East Tourism and the development of the second dimension. Everyone knows this, so don't even think about it.

This is not enough. You should know that the land reclamation project to the east and south of Ap Lei Chau has never stopped since the moment Ap Lei Chau was developed by Far East Culture and Tourism.

However, there is also good news. The two-dimensional entertainment area is getting bigger and bigger, with more and more tourists, and the commercial area in the west will definitely develop again.

By then, part of the land in the west will have been reclaimed, and then we can bid to build a hotel.

Not to mention other high-end hotels, even Shangri-La and Regent Hotels are waiting for this moment to happen. It is true that the world has been suffering for a long time.

Is it profitable to open a hotel in Ap Lei Chau? Needless to say, the prices are high and the occupancy rate is high, both of which are impeccable.

But what's the point of earning more money? It's just working for China Electric for nothing. The rent is too expensive.

Not to mention the seaside housing estates in cooperation with Cheung Kong, the two buildings where Times Square and the Grand Hyatt Hotel are located make huge profits every year, which is enough to make the wealthy people in Hong Kong Island envious.

According to statistics from the consulting company under the Far Eastern Bank, it is very likely that China Electric Light and its related investment companies will recoup their investments in five years. Do you think the market value of China Electric Light will not rise sharply?

This is not the only key point. The power plant in the New Territories Future City, which was built only about ten years ago, is said to be demolished in the near future.

No one expected that the development of the New Territories Future City would be so rapid and the city would expand so quickly. Once the power plant there is abolished, it will become a major profit project for China Electric Lighting.

"Let's go, we'll go eat first, then have fun in Ap Lei Chau, and then go to other places in Hong Kong Island tomorrow."

Duan Peng shouted loudly, his voice rising to the sky.

"By the way, did you leave a letter for your mother when you came out?"

"Uh" Li Bin paused as he walked to the door, and turned back mechanically, "Didn't you say you should stay? If I stayed, we would have been arrested before we even got on the plane."

The two of them stared at each other, then shuddered at the same time, thinking of the ending after they returned.

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like