"Sold out so quickly?"

Li Xin's eyes widened in shock. "It's only been a few days?"

"Seven days."

He Tongyuan replied, "The first batch of houses sold out in three days. The second batch was pre-sold out in less than four days."

Even before construction on the third batch of housing began, people were already inquiring about it.

"Yeah?"

Li Xin took a deep breath.

"Your Highness,"

He Tongyuan explained, "Our Dongning City now has a population of sixty to seventy thousand."

The first and second batches of housing together only number ninety units, which is not enough to house many people.

This time, after the various work teams were divided into job levels, there were over a thousand employees at level four and above alone.

"Hmm."

Li Xin nodded silently.

He knew that these more than a thousand people were the potential main force of home buyers.

That's not all. Some third-level employees, or families with two or three second-level employees, are also potential major buyers.

It seems the real estate market is indeed enormous!

Come to think of it, most of the people in Dongning City still live in dugouts.

The place is small and the environment is poor.

Compared to a spacious and bright new house, it has many drawbacks.

Families with a little money will buy new houses in advance.

As a result, the sales of new housing in Dongning City are booming.

While Li Xin was pondering, He Tongyuan continued, "Your Highness, the new-style housing is selling very quickly."

Moreover, the profits from it are quite substantial!

"profit?"

Li Xin was stunned and asked, "Have you calculated the profit?"

"Yes, Your Highness!"

He Tongyuan nodded and replied, "It just so happens that we have an accountant in our palace, so I had him take some time to calculate the profits of the new-style housing."

"Your Highness, would you like to take a look?"

"OK!"

Li Xin nodded with interest.

He also wanted to know just how profitable the real estate market really was.

Not long after, a young man in his early twenties walked in.

“Su Xin,”

He Tongyuan said, "Report what you told me yesterday to His Highness."

"yes!"

Su Xin nodded and said, "Your Highness, the first batch of houses has been sold out in three days."

During this period, data on materials and labor used in the first batch of housing were recorded.

The first batch of houses, the first construction to begin, used bricks, tiles, cement, and timber that were all fired in separate kilns.

Among them, 367 people were involved in firing bricks and tiles, which took half a month and involved a total of 5,505 workers.

The cement-making process involved 421 people and took 16 days, totaling 6,736 workers.

Two hundred and twelve people worked for twenty days to cut down and process the timber, totaling four thousand two hundred and forty workers.

The construction of the houses involved 360 people and took 30 days, totaling 10,800 workdays.

Including other miscellaneous tasks of 492, the total number of tasks was 27,773.

The vast majority of them were level two workers, with a portion being level three skilled workers and twelve level four skilled workers.

After conversion, each worker's salary was a little over fifteen coins.

Therefore, the total salary expenditure amounted to 420,000 coins.

In addition, the daily expenses for these workers' food, work clothes, etc. during this period amounted to 280,000 coins.

The total amount is 700,000 coins.

The first batch of housing consisted of thirty houses, with monthly repayments of 800 cash per house for five years, totaling 48,000 cash.

Thirty houses, totaling 1.44 million coins.

After deducting costs, there was still a profit of 740,000 cash, a little more than half.

"Half the profit?"

Li Xin was utterly astonished.

Before even doing the calculations, Li Xin knew that real estate profits were extremely high.

After some calculation, I was surprised to find that the profit was more than 50%!

That's truly unbelievable!

No wonder there were so many real estate developers in later generations!

"Your Highness,"

Su Xin said, "Actually, more than half of the profit is because nowadays we build houses mostly with bricks, tiles, cement, and wood that we produce ourselves."

Moreover, apart from materials and labor, there are no other costs.

That's why the profit margin is somewhat high.

"If this were in the capital, just buying the land would cost a lot of money..."

"Oh, I understand!"

Li Xin suddenly understood.

In Dongning City today, all the workers are under the command of Prince Xin's Mansion. Land is free, and all materials are produced by themselves.

The houses that were sold were purchased in installments by his subordinates using their own salaries.

That's why there are such large profits.

In later generations, it probably wouldn't be this high!

However, this is in Dongning City!

Since this industry is so profitable, and the potential homebuying force in Dongning City is enormous, then this industry should be developed properly!

Thinking it over, Li Xin took a deep breath and said, "He Tongyuan, Su Xin, since the new houses are selling very well, isn't our construction speed a bit too slow?"

In this way, another group of people were recruited from within the city to join the engineering team.

All of them were incorporated into the housing construction plan.

You should discuss with Liu Jingxuan about planning the third and fourth batches of housing as soon as possible.

If the area within the city is not enough, then we will expand towards the east side of the old city.

There's so much space outside!

My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!