In the end, Lu Yiming won the bid for the property development for 5 billion yuan, along with several adjacent plots of land!
As Lu Yiming walked out of the conference room, he felt incredibly refreshed!
Brilliant!
5 billion!
It's all gone at a loss!
If they return ten times that amount, wouldn't that mean we'd have 50 billion in hand?
Wonderful, wonderful!
"Chairman... it's one thing to buy the buildings, but why did you buy these plots of land?" Mu Xia asked curiously from the side.
"Hey! Buying apartments isn't enough!" Lu Yiming said excitedly.
"My purchase of this property is not simply about taking over the existing stock!"
I'm going to use this land! To build a huge, luxurious amusement park! I'm also going to build a shopping mall! I'm also going to build a park!
I want to develop this development into a top-tier, high-end residential area comparable to Tomson Riviera in Shanghai!
hiss!
Upon hearing Lu Yiming's words, Mu Xia gasped in shock!
It was originally thought that taking over unfinished buildings at high prices was the limit for Lu Yiming!
But she never expected this!
Lu Yiming's appetite is so big!
They also want to build shopping malls, amusement parks, and parks?
This whole series of bizarre operations must have involved an investment of at least tens of billions, right?
Where would their company get so much money?!
“Um… Chairman Lu… I might have to remind you…”
That's right, we don't have that much money in our accounts right now.
This 5 billion yuan is money we barely scraped together by selling nearly half of our shares in other companies.
And in this development, 80% of the units had already been sold by the developer.
The purchase price has already been paid to the developer.
It's fair to say that we can only sell about 20% of our stock right now.
"Holy crap! All the houses are almost sold out? No wonder no one's willing to buy them!"
"Wow! There are only a few houses left. Apart from Lu Yiming, there really isn't anyone else foolish enough to take them on."
"I feel that Lu Yiming's actions this time are really baffling. He spent so much money to buy this ultimate unfinished building? Isn't he afraid of bankrupting the whole company in one fell swoop?"
...
The viewers in the live stream were completely bewildered by Lu Yiming's actions and flooded the chat with comments.
"It's alright, we can just buy back the remaining 80% soon enough," Lu Yiming said nonchalantly.
"Huh?" Mu Xia looked at Lu Yiming with a bit of confusion.
He simply couldn't understand the meaning behind Lu Yiming's words.
"What's the current price of this property?" Lu Yiming asked again.
"When it first opened, the peak price was over 80,000 yuan per square meter."
Later, the price dropped to over 60,000 yuan per square meter.
"Now that it's been abandoned for so long, I estimate that even if it were sold, it would probably only fetch 30,000 yuan per square meter, or even just over 20,000 yuan per square meter," Mu Xia said.
Although the location of this property is not bad, there is a subway nearby.
But this is a super unfinished building.
Even if the price is cheap, most people wouldn't choose to buy this kind of property.
What if the person who takes over also goes bankrupt?
Then they would truly be left with no one to turn to for help.
"Then we'll buy the houses from those owners at a price of 40,000 yuan per square meter!"
Buy back all their houses if possible!
Once we've built all the shopping malls, amusement parks, and other facilities on these plots of land...
"After driving up housing prices, we'll sell them at an even higher price!"
Honestly, when Lu Yiming said those words, Mu Xia felt like her entire worldview had been shattered.
To be honest, this was the first time she had ever seen such unpredictable business tactics!
They're practically the cream of the crop in the business world!
They spent tens of billions to build these facilities, just to inflate the price of a 2 billion yuan unfinished building?
What kind of pointless, unnecessary action is this?!
What's more, they want to buy back these houses at a high price!
This is even more incomprehensible!
Mu Xia was certain that once their company announced the repurchase of this unfinished building, countless owners would rush over like madmen to demand refunds!
Even the viewers watching the live stream were utterly shocked.
"Holy crap! Lu Yiming, are you serious? This is just pointless! You've spent so much money, do you think you can even recoup it by selling the house?!"
"It's over, Lu Yiming is going to go bankrupt! Has he not considered where he'll get the money to build those shopping malls and amusement parks after he buys back all these houses?"
"To be honest, I've always felt that Lu Yiming is a bit eccentric, and it seems he's really quite ill."
...
"Chairman...would you...please reconsider..." Mu Xia was still trying to make a final effort.
"No need to think about it anymore! Go and issue a notice immediately, telling all the homeowners to come to the sales office to cancel their purchases within three days!"
Just refund them the price of 40,000 yuan per square meter!
Those who don't want a refund won't be forced to.
"After the announcement, let's go take a look at that property development."
"The project has been stalled for so long, and the homeowners have waited so long. We can't wait any longer; we must get them moving in as soon as possible so they can move in with peace of mind!"
...
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