Why did you make me reincarnate?

The next morning, Xu Chaoyang drove to Mingzhu Real Estate.

Despite being called a real estate development company, the premises were actually rented in an old office building in Ouhai District, with only three offices and a layer of dust covering the bronze plaque at the entrance.

The manager, surnamed Zhou, was in his forties and as thin as a bamboo pole. When he saw Xu Chaoyang arrive, he immediately stood up to offer him a seat, his smile carrying a hint of ingratiation.

"Stop with all that, just give me all the data that needs to be cleared up."

Xu Chaoyang didn't come here today for pleasantries; he had Boss Zhou retrieve all the information about Hongyi Apartment.

The project is located on the east side of Ouhai District, near a tributary of the Tanghe River. It was originally planned to consist of six low-rise buildings with a total of more than 400 households.

The main structure of the project has been completed, but due to a lack of subsequent funding, not only are the exterior walls unfinished and pipelines unlaid, but even the greenery is practically nonexistent, leaving it to rot there.

Most of the homebuyers are working-class families from Vancouver. They have caused trouble several times, and the authorities are under a lot of pressure and are eager for someone to take over this hot potato.

This is also why Xu Chaoyang was able to acquire it at a low price.

After spending the entire morning reviewing the documents, he came to a conclusion. The problem wasn't with the project itself, but with the developer making hasty and ill-advised decisions, diverting pre-sale funds to another project, which ultimately failed on both.

As long as the funds can be put to good use, the remaining projects won't actually cost much.

Xu Chaoyang used a tactic that is common in later circles, but was rarely used in 2002.

It was a debt transfer. He asked Boss Zhou to sort out the unsold remaining units and proactively contact the construction companies and material suppliers who were owed money for the projects.

The solution is simple: the money owed to you will be converted into the purchase price at a discount slightly higher than the market price. Those who want it can sign an agreement and take the keys; those who don't can pay in installments according to the original contract.

Almost everyone chose the house. They never expected to get the full amount back. Now they could exchange it for something tangible, which was much better than holding onto an IOU that they didn't know when it would be redeemed.

Moreover, the discounted price offered by Xu Chaoyang was nearly 20% lower than the market price, which was practically a free bargain.

The debt was cleared up in just a few days.

For the remaining 60% that needed to be paid in cash, Xu Chaoyang transferred less than five million from the company account, which, together with the bank transfer from Lu Qingqing, was just enough.

With the funding issue resolved, the remaining projects became much easier for Xu Chaoyang.

Through Xu Zhiyuan's connections, he got in touch with the general contractor of a long-established local construction company in Vancouver.

This man is named Wang Haisheng. He has worked in the construction industry his whole life, starting as a bricklayer and plasterer and eventually becoming a contractor with his own construction team. He is very well-known in the Wenzhou construction circle.

Xu Zhiyuan worked at the Urban Construction Bureau and had dealt with Wang Haisheng several times, knowing that he was a reliable person.

When Wang Haisheng called and introduced himself, he immediately arranged to meet Xu Ju's son at the construction site of Hongyi Apartment.

The sun was scorching at the end of August, and the weeds on the construction site were almost knee-high.

Xu Chaoyang parked his car outside the construction fence and saw an old man with dark skin, wearing faded blue overalls, squatting at the entrance of the building smoking.

Wang Haisheng was more down-to-earth than he had imagined. His first words upon meeting Wang Haisheng were not pleasantries, but rather he pointed to the exterior wall of Building No. 2.

"The mortar grade here is not high enough, and it will definitely become hollow in the future. These reinforcement bars are rusted like this. If we pour concrete without treating them, the roof will leak within three years."

Xu Chaoyang listened without saying anything, took two safety helmets from the trunk, and handed one to Wang Haisheng.

"Uncle Wang, let's go up and take a look first."

Wang Haisheng took the helmet and glanced at Xu Chaoyang, a hint of approval in his expression.

He had seen too many young representatives of developers who, when they came to the construction site, acted as if they were inspecting the site, standing far away in suits and ties, as if afraid of getting their shoes dirty.

This young man is different from the others.

They walked around the construction site for more than an hour. Wang Haisheng pointed out problems as they went, and he explained each one in detail. Xu Chaoyang's answers were also spot on.

As Wang Haisheng came out of the building, he tucked his hat under his arm and sighed that Director Xu's son was no ordinary person. Among the young people he had met, no more than three could understand these things.

Xu Chaoyang pondered for a while and then asked Wang Haisheng directly how long it would take to deliver the project if he were to be the general contractor and the construction was carried out according to the original blueprints.

Wang Haisheng squatted on the ground, picked up a pebble, and scratched it a few times.

"I can assemble a team. As long as you, Mr. Xu, guarantee that the project payment is in place, it can be delivered in a month and a half."

Xu Chaoyang immediately extended his hand, "Boss Wang, I wish us a successful cooperation."

Wang Haisheng shook hands: "The district has been watching this project for a long time. So many eyes are on it. If we do it well, it will be a great achievement and a source of pride."

The reason he agreed so readily was partly due to Xu Zhiyuan's face, but also because of this.

Revitalizing such a stalled project is a remarkable achievement for the general contractor, and it will be more useful than any qualification certificate when negotiating projects in the future.

The workers arrived the next day, the fences were put back up, and the mixers started rumbling.

I heard that Hongyi Apartments, which had been suspended for more than half a year, has been restarted. Nearby residents stop to take a look when they pass by, and homeowners even come over to take pictures outside the construction site.

With pressure on his shoulders, Xu Chaoyang would go to the construction site every few days. Sometimes he would deliver water for free and then squat in the shade to chat with Wang Haisheng.

Xu Chaoyang doesn't smoke in this life, but he always carries a pack of cigarettes in his pocket, which he scatters whenever he sees a worker.

Wang Haisheng increasingly felt that this young man was capable of achieving great things, because he not only had ambition in his eyes, but also other things.

As the project progressed smoothly, Mingzhu Real Estate's account balance began to recover, some homeowners paid the remaining balance, and many debt-converted properties were resold by material suppliers.

The funds began to circulate positively; the ten million that Xu Chaoyang had initially deposited not only did not decrease, but instead steadily increased.

The news quickly reached the bank, and the branch manager gave Shen Zhiyi a special report.

"Mingzhu Real Estate's project has restarted after being suspended for nearly a year, and the progress is far exceeding expectations. More notably, the company's account funds have not decreased due to the project's restart; on the contrary, they have shown a net inflow..."

This is extremely rare among similar cases of revitalizing abandoned projects, indicating that the operators either have extremely strong capital allocation capabilities or have adopted unconventional methods in debt restructuring.

Shen Zhiyi read the report three times, then picked up the phone and dialed the number of an old acquaintance.

After exchanging a few pleasantries, Shen Zhiyi casually asked, "By the way, I heard that a new cadre was promoted in the urban construction department?"

"You're so well-informed! I only found out a few days ago. Apparently, he was promoted from Longwan. He's very capable, and his name is Xu Zhiyuan... What's up, Mr. Shen? Do you need to see him?"

Shen Zhiyi said it was nothing, just asking casually.

After hanging up the phone, he sat in his chair for a long time, pondering Xu Chaoyang's information.

At just eighteen years old, he revitalized a stalled building that had left everyone helpless in just two months, using debt restructuring methods that no one had ever heard of before. It is very likely that he did it all by himself without any guidance.

This guy is simply a monster...

Shen Zhiyi pulled out the previous report, picked up the landline, and dialed an internal number.

"Could you arrange a meeting with Mr. Xu from Mingzhu Real Estate in my office?"