After rebirth, I became a great master

Chapter 607 Making Money Isn't Easy
What exactly is the controversy?

Zhou Haoran cares a lot about this matter.

This was an incredibly profitable project; in fact, it could be said that the Tomson Riviera project ultimately sustained the entire Tomson Property company.

Tomson Riviera consists of five buildings.

Two buildings are luxury residential properties for sale; the other two are luxury apartments for rent only.

There is also a Tomson Club.

You can make billions just by selling houses.

The property management fees amount to hundreds of millions of yuan annually, and the rent from the apartments and clubhouse also amounts to hundreds of millions of yuan annually.

However, making money is secondary.

Zhou Haoran's companies are all located near the Huangpu River, so it would be best for him to settle down nearby for convenient transportation. Currently, his family lives in a regular house and only gathers at the large villa on weekends.

It's not only too frugal, but also too scattered.

Ideally, the whole family should live in the same area so that they can easily look after each other.

However, what if we built a villa area, with each person getting a villa...?

That would be like a royal palace.

Each concubine was assigned a palace.

That's too conspicuous.

Some wealthy people in China do this: they allocate a piece of land, build several villas, each with a room, and the male owner spends the night in a different bedroom each day. This is a bit too high-profile.

If it's a high-rise luxury apartment, then there's no such worry.

Everyone lives on different floors of the high-rise luxury apartment building.

This would provide a high level of privacy.

During holidays or rest days, we can all gather in the main house. We live separately at other times, but we are all living in the same building... This can perfectly solve the problem, avoiding conflicts caused by living under the same roof for too long, and also giving people the feeling of being a family living together.

If we acquire the Tomson Riviera land, once the project is completed, we'll set aside a luxury mansion specifically for the Zhou family.

There can also be security guards on duty at the entrance.

Outsiders are not allowed to enter.

It offers both privacy protection and a low-key feel, as well as a luxurious and opulent lifestyle experience.

Compared to buying someone else's house, it's more reassuring to build your own high-rise luxury residence, which is exclusively for the Zhou family!
During construction, the best materials were used, without fear of spending money or wasting resources, all in pursuit of the best possible result...

“Asian financial crisis…” Li Changxing felt that this economic crisis came at a very opportune time. Zhongbo Real Estate grew by taking advantage of the opportunities provided by the times and buying at the bottom. “Among the listed companies in Hong Kong and Taiwan, the real estate companies suffered the most severe losses.”

Zhou Haoran suddenly realized, "Tomson Group is also a listed company!"

Li Changxing laughed and said, "Yes, they've gone public, which makes things very difficult for them. This time, international capital's influx into the Asian market has impacted the real estate industry in various countries. The mainland has strong policy support, and its real estate market has fully recovered. Hong Kong and Taiwan are not doing so well; I estimate it will be difficult for their real estate market to recover in less than three to five years!"

Tomson Realty is a Taiwanese company, and Zhou Haoran inquired about the real estate situation on the other side of the Taiwan Strait.

Li Changxing told him, "It's terrible!"

Tomson develops luxury residential projects and faces significant inventory pressure!

"Luxury homes don't depreciate much, only about 20%. However, Tomson Group mainly develops luxury residential projects, which are difficult to sell out in a short time like ordinary commercial and residential properties. Often, a single project can take eight to ten years to sell out."

Li Changxing immediately seized upon Tomson Group's weakness.

Houses are not selling, and there is a lot of inventory.

It cannot be converted into cash flow.

If a company can't generate cash flow but still needs to grow, it has no choice but to take out loans... This creates a vicious cycle. Inventory keeps piling up, loans keep piling up, and most manufacturing companies go bankrupt because they're crushed by excess inventory.

Zhou Haoran then understood the cause and effect: "Tomson Property is now heavily indebted, but its luxury housing projects have been impacted by the economic crisis, resulting in very low sales volume. They are now facing debt pressure and cash flow difficulties."

"Yes, Tomson Group is in trouble. According to the plan, they should have started developing this land last year in accordance with the contract terms. But they don't have the funds to operate such a top-tier project."

Li Changxing explained the source of the controversy.

Zhou Haoran was very happy, "So they breached the contract?"

Li Changxing said, "Yes, it's a breach of contract. They didn't develop it within the time limit stipulated in the contract. This is the Huangpu River waterfront, the most central area of ​​Lujiazui. It's an important part of the Huangpu River night view, and it was planned by the authorities long ago. But now, Tomson Group's delay in development has caused problems with the city's planning for the scenery on both sides of the Huangpu River."

Zhou Haoran said without hesitation, "Then let's act quickly! This is a rare opportunity!"

“That’s not easy.” Li Changxing shook his head. “It’s complicated. Even if we breach the contract, it will be difficult for the authorities to take back the land.”

"Ok?"

There are middlemen involved.

"Middleman?"

Zhou Haoran frowned. He knew that the middlemen involved in projects of this caliber were no pushovers.

Li Changxing was currently in the private tea room of the Grand Master at the Red Mansion Teahouse, but his expression remained wary. He whispered, "This plot of land is actually quite small, only about 30 mu (approximately 2 hectares), and the plan is for only five buildings. It was sold in 1995. According to the land price at that time, the highest price per mu would not exceed 2 million. Even if this plot of land is too scarce and the location is too valuable, I estimate that 3 million per mu would be about right. The actual land price will not exceed 100 million!"

Zhou Haoran narrowed his eyes, "Tomson Group offered 5 million?"

"It's less than 5 million, probably around 4.5 million. If there are other public relations expenses and hidden costs, 5 million is about right."

Li Changxing wore a meaningful expression.

This is arguably the best piece of land along the Huangpu River, and as a Taiwanese company, Tomson Group couldn't just acquire it with money alone... They went through a middleman. After acquiring the land, the middleman sold it to Tomson Group at a higher price.

Here comes the problem.

The contract with the authorities was signed with a middleman. Even if Tomson Group defaults, and the authorities reclaim the land and re-auction it, at most they will just return the 1 million yuan transfer fee they initially received.

But Tomson Group paid a full 5 million!
This led to a series of troubles.

Even if Tomson Group defaults on its contract, the prolonged lack of development will affect the overall urban planning of Lujiazui and the Huangpu River area, making it difficult for the authorities to reclaim the land.

Because middlemen are bloodsuckers; they won't give back the money they get their hands on.

Zhou Haoran asked, "So what's the progress now?"

Li Changxing said, "I don't know. The local authorities are still negotiating with Tomson Group. But I estimate that it might not be easy to directly take back the land. The middleman is quite powerful, and no one dares to offend him."

"pretty good."

Zhou Haoran was very happy.

"Shall we go in?"

Li Changxing was ambitious and had already seen through the Grand Master's will.

Zhou Haoran said in a deep voice, "Go in! We must go in!"

“If we get involved…” Li Changxing’s expression turned serious. “There’s a crucial point now: Tomson Group might have to pay a fine to keep the land. That could be another huge sum of money!”

Zhou Haoran laughed and said, "They've breached the contract, so paying a fine is only right. However, even if they pay the fine, Tomson Group might not be able to start construction for another two or three years... Forget it, let's do them a favor! Zhongbo Real Estate will pay the fine!"

"I heard that the authorities invited Tomson Group to make up the difference based on the current land price..."

Li Changxing's concern was that it would cost too much money.

Zhou Haoran didn't care at all. "These are all minor matters. Old Li, remember what I said: in this project, don't worry about spending money! As long as we can acquire the land, spending a few hundred million more is nothing!"

"what?"

Li Changxing was stunned.

This is just a tiny plot of land, only 30 acres. It can't possibly cost 10 billion or 8 million to acquire it, can it?
Wouldn't that be a huge loss?
"Do as I say! I'm going to the US on a business trip tomorrow. When I get back, I want to hear your good news!"

Zhou Haoran, with his foresight, didn't care about such a small amount of money.

How expensive can it be?
There's no land speculation going on yet. What Li Changxing considers overpriced land is like free money to Zhou Haoran.

Once the project is completed, a single apartment in Tomson Riviera will be able to sell for 100 million yuan.

"This matter is too complicated. It involves local authorities, well-connected intermediaries, and Taiwanese companies with sensitive identities... It involves hundreds of millions of dollars. This kind of thing needs to be dealt with quickly. If it drags on, it will put enormous pressure on all parties. If the differences cannot be resolved in time, it will be difficult for any party to explain themselves."

Zhou Haoran also got involved in this project with a compassionate and selfless attitude.

What is a "great teacher"?

"The Great Master is a timely rain in the martial arts world."

Making money is not easy!

"They're in trouble, I'll help them!"

……

That evening, Zhou Haoran finally went to He Jin's place again.

More than a month has passed.

Under He Jin's resentful gaze, many intimate photos of her without clothes were taken in her bedroom, living room, kitchen, and bathroom. She was compliant and cooperative, and the completion rate was very high.

Only then did they enjoy the pleasures of love.

It's worth mentioning that her younger sister, He Yao, has now moved in. She's a beautiful, fashionable urban woman in her mid-twenties with curly hair.

She already knew about Zhou Tai and her sister's affair.

But taking photos still broadened her horizons.

It was taken right under her nose, and not only were the subjects naked, but many of the photos were close-ups of their private parts... He Yao wasn't involved, and the photos weren't taken of her. But watching it from the side, she felt a little embarrassed, her heart was pounding, and she was so nervous she dared not breathe.

This is so embarrassing!

What if someone sees the photos after they're taken? Even if no one sees them, Zhou Tai can save them on his computer and look at them whenever he wants... Just thinking about it makes me want to crawl into a hole.

He Yao was initially quite envious of her sister, who had bought a new house and a car in less than a year.

She even considered how to improve her relationship with Zhou Tai and follow in her sister's footsteps.

She also wants to buy a house and a car.

Unexpectedly, taking photos at home for half an hour made her feel panicked.

Making money is really not easy!
After Zhou Tai finished enjoying himself, he saw his sister carrying a basin of water and kneeling on the floor to wash his feet. His sister was kneeling at his feet, completely naked, and looked up at him, chatting idly with a charming smile, her voice alluring and seductive.

Zhou Tai sat on the edge of the bed, buttoning his shirt, looking relaxed and at ease.

What a harmonious scene!

This dealt He Yao a devastating blow.

Making money is hard!
(End of this chapter)