Becoming a Russian Oligarch After Rebirth
Chapter 1299 - 1049: A Highly Profitable Good Business_2

Chapter 1299: Chapter 1049: A Highly Profitable Good Business_2

"You must have heard from Yu Xin," I said, "I deal in luxury real estate. Previously, my clientele consisted either of Xiangjiang locals or foreign tycoons. However, since the year 2000, the number of clients from the Mainland has increased substantially.

Take the luxury property I am currently promoting, for example. The current owner is a wealthy individual from the Mainland who purchased it in 2001. The transaction price back then had reached a staggering 280 million Hong Kong Dollars, sending shockwaves through the entire Xiangjiang real estate circle! It was also notable in the worldwide luxury property market.

After purchasing the mansion, he spent a full five years renovating and remodeling it, practically making it as good as new. The market value now could easily double!"

Yu Xin, standing beside, exclaimed in surprise, "What? Dad, are you talking about selling that mansion known as the number one luxury house in Xiangjiang? Wouldn’t the asking price be around ten billion Hong Kong Dollars? Who could afford that! Even if someone could afford it, who would spend so much money on a house in this economic climate? But that house is truly magnificent, be it the location, the view, or the feng shui layout, and the surrounding environment—it’s absolutely flawless."

It seemed that the mansion her dad mentioned was quite famous, as even Yu Xin was well aware of it.

Yu Xin’s father nodded, "The asking price is indeed quite high, at 900 million Hong Kong Dollars."

"Tsk tsk! Nine hundred million Hong Kong Dollars! They really dare to ask for it," Yu Xin’s mother exclaimed. "Wasn’t the mansion bought for 280 million? And now they’re selling it for so much more; no wonder no one has bought it yet."

Yu Xin’s father showed a wry smile, spreading his hands as he explained, "Actually, the price isn’t unreasonable. Don’t forget it was bought back in 2001, basically when Xiangjiang property prices were at their lowest. Although the current economic environment isn’t great, property prices have still risen considerably since then. Besides, after purchasing the house, the owner continually renovated and refurbished it. From what I know, just the renovation costs alone were around one to two hundred million Hong Kong Dollars. All things considered, the owner invested about five hundred million Hong Kong Dollars in this property, not to mention five years of time cost."

Wang Ye nodded; he found the price reasonable.

If, as they said, this was indeed the "number one luxury house in Xiangjiang," selling it for nine hundred million Hong Kong Dollars was not outlandish.

In his previous life, he remembered seeing news about Lao Ma and other Mainland tycoons starting a trend of acquiring properties in Xiangjiang, and each tycoon spent several hundred million to over a billion Hong Kong Dollars.

Even with such high prices, they weren’t labeled as owning one of the top luxury houses, so one could imagine that what they bought wasn’t even the most top-tier in Xiangjiang.

From this, one could infer just how outrageous the prices for true luxury houses in Xiangjiang could be a decade later...

Thinking this, Wang Ye was struck by an idea; he had always been paying attention to the economic development in the Mainland and had made numerous investments in Peng City, yet he had always overlooked Xiangjiang, their "neighbor."

Speaking of which, investing here might be even more suitable.

After all, this place is a global free trade port, the financial center of Asia, with almost all worldwide financial institutions having branches or offices here.

Not to mention, the ease of capital flow here is incomparable to the Mainland.

And the investment returns here, particularly in luxury houses and high-end office buildings, are absolutely not low!

In his past life, the foreign trade company he was part of once wanted to set up an office in Xiangjiang around 2016, which Wang Ye was personally involved in, so he vividly remembered the office rents here...

Compared to the "incredibly low" office rents in Peng City, the rents in Xiangjiang were outrageously high!

It was said that the rent for the most expensive office buildings had reached over two thousand Hong Kong Dollars per square meter per month, and just the iconic office buildings in Central could make over ten billion CNY just by collecting rent yearly...

If one could buy a few office buildings at a low price while the Xiangjiang economy isn’t booming, just living off the rent could make one super rich!

Of course, Wang Ye understood that even in 2006, to buy a high-end office building in Central Xiangjiang required a huge amount of capital and definitely would not be cheap.

But this was something worth looking into more deeply; perhaps there was an overlooked opportunity...

Although the office buildings here are expensive, the finance sector is extremely developed. If nothing else, he could take a business loan. With the money in hand, just pay the loan from the rent and wait for the rises in rent and property prices.

Certainly, this was a highly profitable business!

Compared to high-end office buildings, luxury houses didn’t hold much attraction.

Because of a mansion, let’s talk about the so-called "Xiangjiang’s number one mansion" which now costs just under ten billion Hong Kong Dollars, and after more than ten years, it might just sell for thirty billion Hong Kong Dollars!

So what about that...

For such a small profit, Wang Ye is too lazy to make a move!

...

Thinking of this, a smile appeared on Wang Ye’s face. He smiled shyly and asked Yu Xin’s dad, "I wonder if Uncle Liu is familiar with the office building market in Xiangjiang?"

Yu Xin’s dad was startled and then realized what was being asked. He smiled and said, "What? Manager Wang is interested in developing in Xiangjiang, planning to rent an office building? Although I don’t specialize in office building business, I also have plenty of resources in that area. I can definitely help you find a satisfactory property. First, let’s talk about your requirements, like location, rent, total budget, etc."

He thought Wang Ye was planning to open a branch or an office here, which is very common, especially after ’97, with many enterprises from the Mainland coming over.

Yu Xin was somewhat surprised. She knew exactly who the "Manager Wang" beside her was. Such a big shot, why would he want to come to Xiangjiang to rent office buildings for business...

However, she was also very smart and said nothing, just quietly sitting next to Wang Ye, helping him pour water and fetch fruits.

Wang Ye pondered and slowly said, "Location... of course, the best would be within Central District, it must be a high-end office building, and if it’s one of those iconic buildings, even better..."

Yu Xin’s dad’s eyes widened a bit because, according to Wang Ye’s requirements, this clearly wasn’t just some "small fry" business!

Being a real estate professional, he certainly understood how high the rent for those iconic high-end office buildings within Central District was. The companies that could afford those office spaces were all world-famous large financial institutions or top 500 global enterprises!

Average small and medium-sized companies simply couldn’t afford such steep rents!

He hesitated for a moment and interjected, "Manager Wang, this... the rent for those high-end office buildings is very high, and there are also high requirements for the enterprises that want to move in. Even if you are willing to pay a lot of money to rent, if your company’s strength doesn’t meet others’ thresholds, the property won’t rent to you."

His words were somewhat tactful, because from his perspective, anyone who could become "friends" with his daughter, a novice journalist, even if they were a company’s boss, their capabilities would likely be quite limited. Calling him "Manager Wang" was just to give him face.

Really thought he was some big shot, talking about Central District’s high-end office buildings the moment he opened his mouth...

Of course, Wang Ye could hear the implications in his words, but he didn’t say anything. He just smiled, gestured for him to not rush, and continued, "Uncle Liu, you may have misunderstood; I am not looking to rent office buildings..."

Upon hearing this, Yu Xin’s dad felt a bit provoked. You’re kidding me right!

Since you weren’t planning to rent office buildings, why were you discussing so much with me...

Just about to say something, but Wang Ye didn’t give him the chance and directly said, "Because I originally intended to buy several office buildings within Central District!"

"Cough... Ah... Cough..." Yu Xin’s dad almost choked on his own saliva.

He just casually pulled out a tissue to cover his mouth, to prevent the saliva from spitting out, which would be too rude.

At the same time, he stared at Wang Ye, dumbfounded, his mind in a whirl.

To buy office buildings in Central District...

And to buy "several"!

Does this guy understand what that actually means?!