"Manager Xu and Mr. Mao have flown to Singapore together. I believe there will be news back soon."
"So that's how it is."
Xia Yu nodded.
Xu Wenchang should have gone to have a face-to-face meeting with Lao Chen. A house worth 1 billion yuan would cost 40 million. The agent Lao Chen left in Shanghai did not have enough authority. Once the negotiations reached a stalemate, he could only contact the owner directly.
Because of illness, Old Chen has been recuperating in Singapore since he was 10 years old. He has no plans to return to Shanghai to settle down in the future, so he sold the newly renovated Yan Family Garden.
To be honest, Xia Yu had found a bargain. After all, given the scarcity of properties like old villas, they would be sold at a premium as long as they were put on the market.
The reason why Yan Family Garden has not been sold for such a long time is that the selling price of 1 billion is beyond the affordability of most wealthy people in Shanghai.
Based on a building area of 1,570 square meters, the average price is 637,000 yuan per square meter, which is even more terrifying than a courtyard house.
However, the old villa in the garden cannot be calculated in this way. The garden including the main building is nearly 5,000 square meters!
The green areas of the community belong to everyone, but the garden of the villa is all yours, not to mention the excellent geographical location.
"Then Mr. Xia, I'll go back first?"
Fang Sijin pointed at the door with her thumb and said.
She came here on the way today and had other things to do after delivering the property certificate.
"Okay, but don't forget what we agreed on before."
Xia Yu was referring to the issue of renting a house for her senior sister after graduation, which Fang Sijin had to help with.
"I haven't forgotten. Just call me when the time comes."
Fang Sijin also remembered that Mr. Xia still loved his girlfriend very much.
But his girlfriend probably doesn’t know how rich he is!
Yin Suya really didn't know. She only knew that Xia Yu's family was very rich and had bought a lot of expensive cars, but ordinary people had no real sense of the difference between ten billion, tens of billions, and hundreds of billions.
Jiang Baiying did, as her family was wealthy and she studied business, so she was very sensitive to numbers.
After working in the Finance Department these days, I have gained a new understanding of the terrifying cash flow of dozens of Xia Catering chain stores.
It turns out that running a restaurant is more profitable than running a factory. My senior’s business is really successful.
He is not that successful. He cannot catch the trend of the times. He can only rely on cheating to become a wealthy man. Unlike those reborn people, they only need to save up the first pot of gold and wait to acquire Ahri and Penguin.
Just kidding, it’s not that easy to make your first pot of gold.
Xia Yu asked Feng Manxue to help him send Fang Sijin off. As soon as he sat down, he received a long-distance call.
"Hello?"
"Mr. Xia, Mr. Chen agreed!"
Xu Wenchang's excited voice came from the receiver.
This was the biggest deal in his career. He chased it all the way to Singapore and finally made it.
"Oh? Mr. Chen agreed to sell me the house for 960 million?"
Xia Yu was also very happy, but asked again out of concern.
"Yes, Mr. Chen is still open to the mortgage proposal. He just hopes to complete the transaction as soon as possible."
From the time Old Chen took over Yan's Garden until his condition worsened after the renovation, he never lived in the house for a single day.
Now that eight or nine years have passed, he just wants to sell the house as soon as possible and recover the funds to invest in other areas.
In recent years, the annual inflation rate has been around 7%. Although Lao Chen has never lived in Yan's Garden for a day, this investment not only outperformed inflation, but also helped him make a small profit.
This is what rich people do. By diversifying their investments, their ability to resist risks and inflation is much stronger than that of ordinary people.
As for the increase or decrease of your net worth, you should just take it easy on these things on paper. Only when you cash it out, it is real money.
Just like Xia Yu holds 100% control of Xia’s Catering, the company’s valuation of more than 3 billion yuan cannot be converted into cash at all, and the only net profit that can be spent in his name is the after-tax dividend.
Xia Yu's current pocket money is enough for the time being, and the company is also in a period of growth, so there is no need for dividends.
However, it was really difficult to buy Yan Family Garden this time. No matter how much I tried, I could only afford the down payment, and the rest had to be mortgaged from the bank.
Mortgages are a great idea. You can borrow money from the bank to buy things for yourself. Don’t worry about the interest. The salary increase after the upgrade will be enough to fill the hole and more.
Ordinary people borrow tens of millions of yuan to buy a wedding house, while Xia Yu borrowed hundreds of millions of yuan to buy a house that can be passed down. In fact, everyone is similar in being a house slave.
Who says we are Chinese? No matter how much you hate something that is engraved in our bones, you have to admit it.
But Xia Yu is not greedy in this regard. He won't want two houses after he already has one, or want another house after he already has two houses. Calling him landowner is too blunt. We should call him landlord, who is more interesting because he carries sacks to collect rent!
Xia Yu didn't know whether it was enjoyable or not, because he had never collected rent.
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