In 1990, Stephen Chow bought Building 12 of Hong Kong's Peak View Garden for as much as 4.75 million yuan, a decision that attracted many people's incomprehension and ridicule. His friends said, "This building is not worth so much money at all!" However, Stephen Chow maintains firm confidence in this building.
Stephen Chow's mother gave him crucial support and encouragement, and she said to Stephen Chow: "No matter what happens, this building can't be sold!" This sentence became the source of motivation for Stephen Chow's persistence. Despite the remote location and inaccessibility of Peak View Garden at the time, Stephen Chow believed in the building's future potential.
A few years later, with the opening of the Hong Kong Central MTR, the geographical advantages of Peak View Garden gradually emerged, and housing prices began to soar. The people who used to laugh at Stephen Chow gradually realized his vision and began to show respect and approval for his decision.
Although housing prices are rising, and his mother has suggested that Stephen Chow sell the building, he chose to hold on. He believed that the value of the building would continue to grow, and his persistence paid off, with the market value of the house already exceeding HK$1.1 billion.
In addition to real estate investment, Stephen Chow has also demonstrated his business acumen in other areas. In 2004, he cooperated with Dianling Group and spent 320 million yuan to purchase a treasure piece of land on the Peak of Hong Kong. Although the move worried his mother, Stephen Chow firmly believed it was the right decision.
He turned the hilltop plot into four luxury villas, two of which were sold at a high price and made a considerable profit. After the third villa was sold, the house price reached 800 million Hong Kong dollars, and the fourth villa was even offered 1 billion Hong Kong dollars, but Stephen Chow chose to refuse.
Through his precise investment vision and risk-taking spirit, Stephen Chow has achieved great success in the business sector. His story teaches us that success requires vision and perseverance, and only by constantly working hard and persevering can we ultimately achieve our goals.