Chapter 490

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Protagonist:

Li Xiulan

"So expensive!"

Wang Erhai immediately cried out in surprise.

"These houses are around four thousand per square meter, yet the parking spaces dare to sell for sixty thousand each — will anyone buy them?"

Niu Chunsheng chuckled:

"Nanqiang's people told me they never intended to sell the parking spaces at all; they plan to package the whole thing as a financial product and operate it that way — that can make far more money than selling the spaces."

Wang Erhai was puzzled:

"Operate it as a financial product — how does that work?"

Niu Chunsheng smiled:

"I don't know the specifics, only the general idea — package the entire underground parking lot, take it to a bank for mortgage, and you can pull out a huge lump sum at once."

Wang Erhai suddenly understood, yet worried:

"Wouldn't doing that carry risk?"

Niu Chunsheng said:

"There's definitely risk, but many real estate developers and property companies do exactly this now; if it blows up in the end, the buyers are the ones who bear the loss — I'm just a small figure; although Spring City Real Estate was developed by me single-handedly, I can't call the shots on many things — many big enterprises and big powers in the county want a slice of the pie; my project not only had its property management rights taken by Nanqiang, but also let Huangsheng buy in — in short I only earn a bit of hardship fee, and after all the networking up and down, the actual profit is even lower than selling vegetables at the market."

Speaking to this point, Niu Chunsheng couldn't help but sigh.

Before, when he switched to real estate, honestly, he was a bit naive — he didn't understand the ins and outs here and just plunged in headfirst; he only saw that Yinzuo entering the county would deal a huge blow to his supermarket, but he didn't see the various dark pits behind the real estate boom — and so he fell right in.

If he were allowed to choose again, he would absolutely never set foot in the real estate industry again.

The water in this industry is too deep.

Niu Chunsheng then said:

"Erhai, if you plan to buy a house in the future, you must keep your eyes open and choose carefully — the current real estate play is all high leverage, high turnover; even Evergrande uses this play — this play can inject chicken blood into a real estate project, accelerate development progress, shorten the construction cycle — but there's a huge risk: if the capital chain snaps, it's finished — meaning ghost buildings can easily appear."

Wang Erhai laughed and said:

"If I buy a house in the future, I'll definitely buy from a big real estate company — like Evergrande, Country Garden — those big developers surely won't end up as ghost buildings no matter what? Or I'll just buy from you, Uncle Chunsheng — we know each other inside out, so there's no risk."

Niu Chunsheng smiled and nodded:

"Buying from a big real estate company does indeed lower some risk."

After strolling around the Spring City Garden construction site, Niu Chunsheng took Wang Erhai back to the company office, where they discussed the cooperation matters in detail.

Niu Chunsheng took out the pre-drafted cooperation agreement for Wang Erhai to read; Wang Erhai and the lawyer he brought read it through together, found no issues, and signed it.

This cooperation was thus finalized.

But the work wasn't over — on the contrary, it was only the beginning.

The busy work coming up was plenty.

First, a Shanhai Real Estate branch company had to be opened on the county side.

The various procedures for opening a company were very troublesome.

Once the company was set up, they had to immediately start formulating a sales plan.

As the general sales agent, they couldn't keep soliciting customers and promoting like a salesperson.

They needed a concrete sales plan, then distribute it to the people below to carry out sales.

If their own company couldn't absorb that many quotas, they could also outsource to other real estate agencies and let them act as agents for promotion.

Many sales agency companies choose the outsourcing distribution strategy — they only need to formulate the sales plan and then pocket the middle difference.

For example, if Spring City Real Estate gives Shanhai Real Estate a 2% commission, and Shanhai subcontracts it out, they can give other real estate agencies a 1% commission — doing nothing themselves, just sitting and collecting the other 1% commission.

Shanhai Real Estate will certainly also outsource and distribute some housing sources — after all, Shanhai Real Estate's scale isn't large to begin with; it's impossible to monopolize the sales rights for all nine buildings of Spring City Garden in one gulp.

So, after the company is established, Wang Erhai will still have to rush around negotiating cooperation with the other real estate agencies in the county — this is a big project, requiring talks with one agency after another.

There aren't many real estate agencies in the county, but there are several dozen.

Some too-small agencies can be skipped, but those with relatively more influence must be contacted.

Wang Erhai still has many things to do — he definitely can't return to Guangzhou for a while.

So he needs to find a place to stay in the county.

That afternoon, he had the lawyer drive back to Guangzhou alone, while he himself went to Niu Chunsheng's home.

By now Wang Xiaohua had already come from the hometown to the county; he was continuing to tutor Niu Linxin and Wang Xiaoqian with their homework.

That evening Wang Erhai and Wang Xiaohua ate dinner together at Niu Chunsheng's home, then went to the small room Wang Xiaohua rented and stayed one night.

"Your room is way too small, and it's this damp — living here is bad for your health; I'll rent a bigger one another day and you move in to live together."

Wang Erhai saw his younger brother's rented single room, narrow like a coffin and dim and damp, and couldn't help feeling heartache.

"Second Brother, I have to report to university in September — making do is fine."

Wang Xiaohua laughed and said so.

But Wang Erhai said:

"Tomorrow I'll go look for a house — once I find one you move in to live together."

"But I paid a deposit on this room and agreed with the landlord to stay until September." Wang Xiaohua was stunned — mainly he ached over the deposit he paid.

"It's only a few hundred yuan — treat it as a gift to the landlord; we don't lack these few hundred now."

Wang Erhai said this, and also said:

"Don't make do with everything — otherwise you'll end up just like Dad and Mom."

Wang Xiaohua was stunned; Wang Erhai's words touched his inner heart.

Before, when he wrote his college entrance exam essay, he had criticized his parents' bad habit of eating hardship unnecessarily, but now the choice his subconscious made — was that not also eating hardship unnecessarily?

Fortunately Wang Erhai reminded him; otherwise he still would not have realized this problem.

"Alright, Second Brother, then once you find a good house tomorrow, I'll move over and live together."

Wang Xiaohua answered like this in the end.

Wang Erhai smiled knowingly:

"Okay, sleep early tonight, rise early tomorrow, there'll be plenty to keep busy with."

Wang Erhai was full of motivation.

This time, the Spring City Garden project — he would definitely do it beautifully.

He would produce results that belonged to him.

Otherwise everyone would think he only knows how to freeload off his eldest brother.

He had to prove that he, too, was capable.