With just a few blueprints, Chu Yu secured a loan of over 100 million yuan. With this capital, Chu Yu was not only able to acquire ten plots of land, but also develop several residential communities.
“As I suggested, we should offer the contractors a higher price, provided that they advance the funds first.”
You can't expect to make a sure profit without taking risks.
Chu Yu is not a philanthropist. She offers high prices and will not delay payments to contractors, but only if they are willing to weather the storm with her. Those who are willing to take on these residential projects will make a fortune later.
At worst, they can mortgage the land and houses. The housing market in Nanhai is gradually heating up. These houses can be mortgaged to the construction companies, who can then recover their investment and make a fortune from the houses. Why not?
Qin Weidong had already been dragged onto the pirate ship, with no possibility of getting off. He figured the contractors wouldn't be so stupid as to jump into this pit with no money to spare. After all, they all needed to eat and wear clothes, so what kind of business would it be to advance funds first?
To their surprise, there were quite a few fools, and many contractors wanted to work on their projects.
It turns out that Huachu Future's reputation had already spread far and wide. Local contractors all knew that this company had acquired ten plots of land. With the Nanhai Special Economic Zone just established, Huachu Future was the only real estate developer to enter the market. They wouldn't take Huachu's business, nor could they get business from anyone else.
Moreover, all ten plots of land are in Hua Chu's hands. If one doesn't work out, he can just transfer to another. But no matter where he transfers them, they are all businesses in Hua Chu's pocket. He has to make money whether he wants to or not!
In this way, Chu Yu got the project running without even taking a penny out of his own pocket. Several residential areas started construction and development at the same time! All the model rooms were under construction.
"Find a good designer to design the show flat, and make sure to make the most of the space. The designer should also do a good job with the soft furnishings so that people will want to buy it."
Qin Weidong wandered around the construction site every day, getting several shades darker from the sun. He thought to himself, why should he give up his comfortable life as a young master and come here to suffer like this? But the work also brought him endless joy!
The development of ten plots of land by Huachu Future has brought thousands of jobs to the local area. Locals work at Huachu Future and have great respect for Qin Weidong, the nominal boss.
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