The most profitable building in the world-Hong Kong International Financial Center Phase 2

Speaking of famous buildings around the world, many people may think of the Burj Khalifa in Dubai, the Shanghai Tower in Shanghai, Taipei 101, the Petronas Twin Towers in Kuala Lumpur, etc. But when it comes to the most profitable building in the world, it has to be the International Financial Center Phase 2 in Hong Kong.

The second phase of the International Finance Center reaches a height of 420 meters and was completed in 2003. When it was completed, it was the third tallest building in the world and the tallest building in Hong Kong. However, 17 years have passed and the International Financial Center Phase II has fallen out of the top ten in the ranking of global tallest buildings. Even in Hong Kong, Two International Finance Center has lagged behind the International Commerce Center.

Although the height of the second phase of the International Financial Center is no longer the highest, the rent of the second phase of the International Financial Center is the highest in the world. The rent in the second phase of the International Financial Center is astonishing. The current average monthly rent for offices in this building is as high as 2,000 yuan per square meter.

In other words, if you rent an office of 100 square meters here, it will cost 200,000 yuan per month and 2.4 million yuan per year. The most expensive office building in Beijing, China Zun, has a monthly rent of about 500 yuan per square meter. The monthly rent of Shanghai Tower is about 400 yuan per square meter, and the most expensive office building in Guangzhou, Chow Tai Fook Center, is only about 200 yuan per square meter.

From this perspective, you will know how expensive the rent in the International Financial Center Phase II is. To be able to afford renting such an expensive office building, the tenants are either rich or expensive. Tenants of the second phase of the International Financial Center include Nomura Group, Warburg Pincus, Swiss company UBSAG, Ernst & Young, State Street Bank, Financial Times, BNP Paribas, China Construction Bank, etc. In addition, after the completion of the second phase of the International Financial Center, the Hong Kong Monetary Authority spent a huge amount of money to buy all 14 floors, including the top floor of the second phase of the International Financial Center.

Based on the rent of the International Financial Center Phase II and its area, the building’s annual rental income has reached 9 billion. This has also made the International Finance Center Phase 2 the most profitable office building in the world. What is the concept of collecting rent of 9 billion a year? Wang Jianlin owns more than 300 Wanda Plazas in China. The current annual rent is only more than 30 billion, and the average annual rent of a Wanda Plaza is only 100 million.

In other words, the one-year rent for the second phase of the International Financial Center is equivalent to the rent for almost 100 Wanda Plazas. The International Financial Center Phase 2 is also very unique in its construction. In fact, many people don’t know that this building is actually built on the sea. In fact, land in Central, Hong Kong is very valuable, and many of the land has been developed long ago. The land for the International Financial Center Phase 2 is actually reclaimed from the sea. In order to build such a tall building, the builders of the building specially built a huge platform and then built the building on this platform.

The entire International Financial Center Phase II building weighs 500,000 tons. Such a tall and heavy building is built on the sea, and the technology is really powerful. When it was under construction, it almost reached a construction speed of one floor per day. During the construction of the second phase of the International Financial Center, Sany Heavy Industry's concrete pump once set a world record, successfully delivering concrete to a height of more than 300 meters.

The rent in the second phase of the International Financial Center is expensive because not only does the service here be very good, the hardware conditions are good, but the software facilities are also very good. Next to the International Finance Center Phase 2 is the Four Seasons Hotel, the best hotel in Hong Kong. In addition, underneath the International Financial Center Phase 2 is the famous Hong Kong MTR station.

In addition, at the International Financial Center Phase II, you can complete the early check-in procedures at the airport, etc., and then take a special car to the Hong Kong Airport. And because the headquarters of the Hong Kong Monetary Authority is here, the International Financial Center Phase II is also considered by various financial companies to be the concentration of Hong Kong's finance.

The second phase of the International Financial Center is jointly invested by the Hong Kong MTR Corporation, Sun Hung Kai Properties, Henderson Land and China Gas. Behind Sun Hung Kai is the Kwok Desheng family, and behind Henderson Land and Towngas is Lee Shau Kee. family. Lee Shau Kee's Henderson Land headquarters is also located in the International Financial Center Phase 2.

Many high-rise buildings have been built in the Mainland. However, the skyscrapers in the Mainland are often superficial, and their services are far inferior to those of the International Financial Center Phase II. As a result, the occupancy rates of many skyscrapers in the mainland are not ideal. The rent for the second phase of the International Financial Center is so high, but it is still fully occupied.