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Why hasn't Huo Yingdong's 30,000 mu of land in Nansha been developed? What are the Huo family waiting for?
In the past few years, Li Ka-shing has been relying on the slow development in Beijing, Shanghai, Wuhan and Chengdu to hoard land, which has caused great controversy. Li Ka-shing enriched his wallet, but it greatly affected the development of the city. The city introduced Li Ka-shing in the hope that Li Ka-shing would become a leading figure and attract more consortia to invest in its own city. However, it backfired. Many lands in Li Ka-shing have not been developed for 20 years.

In fact, this controversy also exists in the Fok Ying Tung family, another giant in Hong Kong. Henry fok's life to the country and people is naturally impeccable. His contribution to the Korean War and later to China's sports, education and economic development was also enormous. But Henry Fok's biggest controversy is in Nansha. Why do you say that?

Nansha's achievements today are naturally inseparable from Henry Fok. It's just that Fok Ying-tung's 30,000-mu land in Nansha has not been developed, but it has caused great controversy. Some people in Nansha said that the Fok Ying-tung family's delay in developing this land has greatly slowed down the development of Nansha.

Nansha covers an area of 780 square kilometers, and Henry fok occupies 22 square kilometers. Although the proportion is not high, only less than 30%, but Henry Fok's 22 square kilometers is the essence of Nansha, all concentrated in Nansha Bay, with a 7-kilometer golden coastline.

These lands are all in Huo's hands, but Huo's family has been developing slowly. Guangzhou has no choice but to unify the planning of Nansha soon, and even many plans have to avoid this huge plot. So why hasn't the Huo family been developing it? What was Henry Fok's original intention?

1993, Henry fok and Panyu jointly developed this 22-square-kilometer land, equivalent to 30,000 mu. Fok Yingdong's family company holds 5 1% of the shares. How much did Henry Fok spend on land? Some people say that 600 yuan is only available per mu, but it is reported that it costs 60,000 yuan per mu. From the point of view of rationality, it should be 60,000 yuan per mu. In other words, Henry fok spent a total of 65.438+08 billion to buy these lands, accounting for 565.438+0% of the shares, which means that Henry fok's contribution should be around 900 million yuan.

However, from 1993 to now, these sites have not been moved, and Henry fok's original intention of winning these sites is definitely not to sit on the ground and start at a price. Because Henry Fok invested billions of yuan in the early stage of Nansha development, most of the more than 20 investment projects are aimed at improving Nansha's popularity, and there is almost no economic return.

1997, Henry fok decided to transfer all the rights and interests of Nansha held by his family company to Henry fok charitable foundation at the price of 1 yuan, which further showed that Henry fok developed Nansha not out of self-interest, but in order to really support the development of the country.

Fok Ying-tung did not develop this golden land in the early days, which should be because the overall development of Nansha has not yet started, so the value of this land has not really been reflected, so it has not moved. In the early days, Henry Fok focused on developing Nansha infrastructure, including building roads and bridges. In this regard, Henry fok invested a lot of money. The second step is to attract more people to develop in Nansha, so Fok Yingdong invested in Nansha Hotel, Yingdong Middle School and World Trade Center.

In other words, before 2003, the value of the whole Nansha was not highlighted, so it is not a problem to develop this land. After 2004, Henry Fok suffered from cancer for the second time. From 2004 to 2006, Henry Fok was in a coma for a long time. Huo Zhenting later recalled: Every time Huo Yingdong woke up, he always kept pulling people around him to discuss Nansha. Fok Ying-tung made his last public appearance before his death, and also attended the meeting of the company's top management to discuss the future development of Nansha.

Henry fok talked alone for more than an hour and didn't notice his body at all. There is no doubt that Henry Fok developed Nansha's boxing heart. After the death of Henry Fok in 2006, the development of Nansha was delayed. In 20 1 1 year, the Fok Ying-tung family fell into infighting, and 10' s sons were fighting for Fok Ying-tung's property. So who has the heart to develop the Nansha project?

After the death of Henry Fok, the investment of the Huo family in Nansha began to stagnate. After Henry Fok's death, the investment of the Huo family in Nansha was far less than that before Henry Fok's death. Fok Ying-tung kept beating Nansha with the money earned from other businesses. Nowadays, most of the projects in Nansha still can't make money, and the other businesses of the Huo family are not as good as before. Naturally, it is impossible to continue to transfuse blood to Nansha.

During the 20 13 struggle of the Huo family, one thing was exposed, that is, when Fok Yingdong transferred the rights and interests of Nansha to Fok Yingdong Charity Fund in 1997, it also left a foreshadowing, that is, before 2007, the Fok Yingdong family companies had the same repurchase rights.

However, after the death of Henry Fok, the executor of his estate did not buy it back before 2007. 20 13 Huo Zhenyu claimed that his second brother Huo Zhenhuan concealed the repurchase, questioned the legality of the repurchase and filed a lawsuit. This lawsuit has been dragged on by the Hong Kong courts and has not yet been heard.

Because of the ownership, this 30,000 mu of land has been dragged. Earlier, it was reported that the Huo family planned to develop together with the subway line, but the result was somehow dropped. In fact, as can be seen from the investment ratio, the total investment of the Fok Ying Tung family in Nansha does not exceed 8 billion, but they occupy the best place. Nowadays, it will cost tens of billions to build a subway, and Xu Jiayin has invested 654.38+050 billion in the new energy automobile factory in Nansha. The investment in these projects far exceeds that of the Fok Ying Tung family in Nansha.

But in the end, no matter what investment you make in Nansha, the biggest beneficiary is the Fok Ying Tung family, because they own the core land, and it is also 22 square kilometers of land. What is the concept of 22 square kilometers of land? The whole area of Macao is only 32 square kilometers.

In fact, the Fok Ying Tung family has obviously been in a leaderless state in the past few years. The eldest son, Huo Zhenting, is not involved in business, but only in sports. Huo Zhenhuan, the second son, and Huo Zhenyu, the third son, are not fuel-efficient lamps. Everyone is in their own way, and no one is convinced. Fannie and Freddie can't participate in the operation, which leads to the talent gap of the Huo family.

Of course, Henry Fok is brilliant in connecting the past with the future, but his sons may not have his talent and mind. In fact, it may be a bit excessive for the Huo family to develop such a large place now. Mainland real estate consortia are now developing very rapidly, and the strength of leading companies such as Evergrande, Wanda and Country Garden far exceeds that of leading real estate companies in Hong Kong. In fact, if the Huo family really wants to actively support the development of Nansha, they should have an open mind. However, whether this land belongs to the Fok Ying Tung Charity Foundation or the Fok Ying Tung family should be opened to other powerful consortia for joint development. That is the best support for Nansha.