Chapter 368

September 30 is a fresh start for Xiangjiang people.

Because on this day, Governor MacLehose presided over the opening ceremony of the first subway line in Xiangjiang and took the first subway.

Although the subway is only half completed, and only a few stations from Kwun Tong to Shek Kip Mei have been opened, and there are only 4 subway trains running back and forth at this time, the underground rail transit has been opened in Xiangjiang.

For a small and densely populated city like Xiangjiang, the underground rail transit is an absolute magic weapon to help the city develop.

People can go to work from every corner of the city through the well-connected subway, without worrying about traffic jams, traffic accidents, or delays in vehicles, etc., which further contributes to the formation of metropolitan circles.

From then on, people in Xiangjiang can move out of the city and live in housing estates with cheaper housing prices, instead of looking for a place to live in the city center.

Many important urban commercial entities no longer need to be crowded in places like Central and Admiralty, and they can go wherever there are many people.

But one thing is that it has begun to change now, and it will become the most important factor in measuring business value in the future.

That's the subway station along the subway line!

Because the subway entrance is the connecting point of each city, basically after all the subways are built in the future, they will become the support points of the spider web, supporting the entire underground rail transit of Xiangjiang.

If people want to have a convenient living and working environment, they must have a boundary traffic environment.

Where can I find such a traffic environment?

Simple!

Isn't it the most convenient because I live at the entrance of the subway?

Not to mention living not far from the subway entrance, but living a few hundred meters or one or two kilometers away from the subway entrance, you can walk there in ten minutes, and then you can take the subway to where you want to go. This is very good Commuter, school condition!

Therefore, ordinary people are definitely willing to live near the subway entrance. If the subway entrance is not enough, they should live near the subway. Anyway, the closer the better.

alright.

In this way, will the housing prices around the subway entrance rise?

And because the population gathers within a radius of one or two square kilometers around the subway entrance, shopping malls, hospitals, schools, movie theaters and other facilities and institutions will definitely gather here!

Now that these necessary facilities and institutions for people's lives are all around the subway entrance, will more people want to squeeze in here?

Needless to say, this is for sure!

Therefore, this will cause the real estate around the subway entrance to continue to appreciate in value, and the population here will also increase, thus forming a densely populated and commercially prosperous area.

Basically, if you blow up the two-kilometer radius of each subway entrance in Xiangjiang, then there will be no people in Xiangjiang, and there will be no commercial facilities.

Of course, there is no such crazy person, and Yin Jun also hopes that Xiangjiang will have such prosperity now.

As long as Xiangjiang can prosper, then it can support more real estate economy.

With the prosperity of the real estate economy, Yin Jun can earn more money and develop his own culture and entertainment empire.

The next day, October 1st, the subway was officially opened, but the people were not as cheering as expected.

Except for the first one or two hours, the 4 subway trains, two trains back and forth, especially at noon, are actually empty most of the time.

There was an uproar in the newspapers and news, and I found it a bit unbelievable, but Yin Jun was not surprised at all.

The first reason is that the current subway fare is too expensive. It costs only 1 yuan for such a short distance and several stations.

Under the same distance, the bus costs only 2 cents, only one-fifth of the subway price.

You mean that the subway is convenient and fast, but people in Xiangjiang are not rich now. It costs 2 yuan to go to and from work a day, and 2 yuan can barely eat a boxed lunch or a bowl of plain noodles outside!

Who wouldn't want to save so much money by just sitting for an extra 10 minutes?

They are all hard-working people who will spend money on getting married and having children, mortgages, medical care, etc., who doesn't want to save as much as possible?

As a result, it is natural that except for some people who are early adopters, not many people are willing to take the subway.

The second reason, and the most important reason, is that this subway is only the northern section of the first subway in Xiangjiang.

After that, the stations will gradually extend to Tsim Sha Tsui, Yau Ma Tei, Mong Kok... Until February next year, the opening of the Tsim Sha Tsui-Central section of the cross-harbour subway in the south will immediately greatly increase people's enthusiasm for taking the subway.

The advantage of the subway is that the farther the distance, the cheaper the fare, and the faster the speed, it can save more time!

Such a short section may be ten minutes away from the bus, but if you go from Kwun Tong to Mong Kok, the bus will take an hour, but the subway only takes 16 minutes. Do you think anyone is willing to save this time? 45 minutes?

Absolutely!

There is nothing to go from Yau Ma Tei to Tsim Sha Tsui, but if you cross the sea directly from Yau Ma Tei, how about sitting in Central or Admiralty Station?

The Star Ferry takes 20 minutes, not counting the queuing time and the bus transfer time. It takes more than an hour to take the bus, and it takes less than 20 minutes to arrive by subway, and it is a bustling area when you come out. It is convenient and fast, but few people are willing to give up, right?

This is only the first line of the subway. When the second, third, and fourth lines are built, the subway can easily and quickly lead to any prosperous area in Xiangjiang. At that time, the number of people using the subway is really It is conceivable how crowded and hot it is!

It is also conceivable how profitable Xiangjiang Metro Company will be.

Although the Xiangjiang Metro Company is still very poor and has to sell the property above the subway station to raise funds for the construction of the subway, as long as it survives the past few years and the subway network extends in all directions, the subway company will undoubtedly become a terrible A sharp weapon for attracting gold, making money and earning soft hands!

You must know that the subway company is not only in the business of buying and selling tickets, any shop in every subway station is theirs, and many of the properties above the subway station also have their shares!

Think about the dozens of subway stations, large and small, and the countless commercial buildings above the stations. The income of this stall is more than ten times that of selling tickets!

If Xiangjiang Metro Company is a listed company, now is undoubtedly the most difficult period for them. As long as Yin Jun buys their shares, he can basically live a comfortable life all his life relying on dividends.

It is a pity that Xiangjiang Metro is still 100% owned by the Xiangjiang government.

Two years after the listing of Xiangjiang Metro, the Xiangjiang government will announce that since the subway is a public business, no company other than the Xiangjiang government can acquire more than 5% of the subway stock without permission.

This regulation will not be revoked until after 1990s, but in the next few decades, the Xiangjiang government will still be the first shareholder - and no one wants to compete with the government in this regard, public business , although it is not easy to make money, if something happens, it is guaranteed that there will be no good days.

Speaking of which, the Tsim Sha Tsui East Reclamation Land is one of the areas where the first subway line of Xiangjiang passed through this time.

In the 1960s and 1970s, the Tsim Sha Tsui area of ​​Xiangjiang was only limited to the area around Cameron Road, and it was already overcrowded. Therefore, in order to continue the economic development of Tsim Sha Tsui and expand the scale, the Xiangjiang government carried out large-scale reclamation in the surrounding East Tsim Sha Tsui Works, obtained about 18 hectares of land.

These lands were successively sold through auctions. Among them, Xinhe Real Estate of the Huang family bought 9 hectares of land at high prices, which was ridiculed as a crazy move.

But after 75 years, because of the expectation of the subway, the Tsim Sha Tsui East area became very popular all of a sudden.

So far, Sino Land has only developed two projects - Tsim Sha Tsui Center and Empire Center, and has already earned back the money from the original purchase of the land, and has a profit of hundreds of millions of Hong Kong dollars.

Now, the land bank in the hands of Sino Land is as high as 6 hectares, and two-thirds of it is left!

It is conceivable that with the continuous development of real estate and the continuous rise of prices, after three to five years, seven or eight years, and fifteen or sixteen years, these lands will be developed one after another, and they will make a lot of money Bowl full!

Yin Jun also knew that in the future Sino Land of the Huang family would be hailed as the "King of Tsim Sha Tsui Land", and then they directly changed the name of the company to Tsim Sha Tsui Real Estate!

In addition, the king of Central is Landmark, and Wharf relies on Harbor City to dominate Tsim Sha Tsui.

Hysan Land, which is now the property of the Lee family, chairman of TVB, will also become the king of Causeway Bay!

The development of these companies has nothing to do with the real estate tycoons in Xiangjiang in the future.

They all got such an opportunity by relying on the layout ten years ago, decades ago or even a hundred years ago. In fact, it was the current situation that created them, not their real strength.

In the future, the real Xiangjiang real estate super rich will have their layout in the whole Xiangjiang!

They rely on one real estate after another to continue to develop and grow with the development of Xiangjiang, instead of being like the companies above, they can only guard their own sites without opening up, so in the end it is Just rent and eat.

And Yin Jun never envied these people who took the lead.

Even he has nothing to envy about the four big real estate tycoons in Xiangjiang.

Yin Jun has set a goal from the beginning.

The direction of my struggle is the culture and entertainment empire.

Any real estate industry is just to accumulate capital and strength, and it serves this goal.

With Yin Jun's disposition, of course he would not be so intoxicated with making money from buying and selling houses that he would forget what he should be doing.