Qin Weidong's smile was a little forced. "No, five plots of land? Is Chu Yu joking?"
"No, Manager Qiao, could you give us a breakdown of the current land prices?"
Manager Qiao didn't hide anything from him, and smiled as he said, "Our land prices are not much different from those in Pengcheng. President Qin has developed real estate in Pengcheng, so he should have some understanding of land prices. Nanhai has recently introduced a series of preferential policies. Right now, ordinary land is only a few hundred thousand yuan per mu. Good land is more expensive, but not outrageously so."
Suppose a residential area has 60 acres of land, the land purchase alone would cost seven or eight million. Chu Yu wants five plots of land at once. If the plots are large, it would cost more than ten million.
The purchase of land requires cash. They need to come up with at least 50 million yuan in cash to buy these five plots of land, pay the deposit, and complete the relevant procedures.
This doesn't even include subsequent development; building houses and such requires money, and Qin Weidong felt that Chu Yu's appetite was too big.
After agreeing on a time for a follow-up meeting with Manager Qiao, Qin Weidong pulled Chu Yu into the car. "Sister, Sister Zhou! Aren't you being a bit too greedy? You're asking for five yuan right off the bat. We must have fifty million yuan in cash, right? Where are we going to get so much money?"
Chu Yu didn't think it was too much. If tens of thousands of yuan per mu was expensive, then what about the later land price of six million yuan per mu?
While others play the game of musical chairs with houses, for Chu Yu, nothing beats the thrill of playing with land.
If she wants to play the game of passing the buck, she needs to buy more land to hold onto.
"Fifty million is a lot? Qin Weidong, we may not have that much cash, but that doesn't mean we can't get the money."
"You mean... a bank loan?" Qin Weidong frowned, thinking her appetite was too big.
Taking out a loan of tens of millions means they owe the bank tens of millions without earning a single penny.
Qin Weidong is here to do business, not to risk his life. He can't handle something this big!
Chu Yu didn't know what Qin Weidong was afraid of. These days, the bold get rich and the timid starve. Chu Yu didn't have that much money. The three of them could only scrape together 30 million at most, leaving a shortfall of 20 million.
Chu Yu, however, was not worried at all. Nanhai had just been established, and local banks in Nanhai would probably need orders. They could buy land in Nanhai, mortgage the houses on the blueprints to the banks at high prices, and then get money to resell the land.
Banks are stingy with ordinary people, haggling over every penny, but they are incredibly generous to large developers.
Chu Yu doesn't even need to spend a single penny to get a large loan. What's fifty million? She could have a hundred million if she wanted it! She's not in a hurry at all.
Chu Yu's madness frightened Qin Weidong. He felt she was being a bit reckless, so he called Dai Donglin that very night.
Dai Donglin was training with the team when he received the call and asked, "Has something happened to Chu Yu?"
Qin Weidong felt bitter inside. "Why do you only care about your wife?"
"I'm hanging up now, that's all."
"Wait! It wasn't her who got into trouble, it was me!" Qin Weidong complained.
Dai Donglin frowned. "Spit it out if you have something to say. I just want to answer my wife's call. Who wants to chat with a man like you late at night?"
Qin Weidong was truly exasperated with these two; they were both just looking for trouble for him.
“Your wife is really crazy. She wanted to acquire five plots of land as soon as she arrived in Nanhai! You didn’t see Manager Qiao’s expression. He treated us like fat sheep, wishing he could deliver the land to us right now so we could choose whatever we wanted! But, Donglin, you’ve also worked in real estate. You know better than me what five plots of land mean. Where are we going to get 50 million to acquire land? Even if we did, wouldn’t we need money for subsequent development and building the houses? Nanhai has only just been established. Who am I going to sell the houses to after they’re built? Just thinking about it gives me a headache!”
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