The Wang family has two sons. Old Master Wang put the eldest son in charge of shipping and the second son in charge of real estate. However, the real estate market was sluggish this year, and the second son was reckless. He took out a lot of loans from the bank to buy land, but the houses were built and could not be sold. He had no choice but to ask his father for help.
Mr. Wang was also very angry, but his son had problems with his business, not with gambling and prostitution. He couldn't blame his son for making reckless investments just because his son lost money.
In business, it's normal to have both wins and losses. A few years ago, Mr. Wang bought a piece of land in the hillside, thinking he could build a house there to retire in. Who knew that before the house was even built, his son would cause this kind of trouble.
Mr. Wang had no choice but to sell his house to pay for his son's expenses.
This land was given to Mr. Wang as payment for a debt. It was originally purchased for 300 million yuan, but now it's worth much more than 300 million yuan.
Land on the hillside is becoming increasingly scarce. Mr. Wang had collected this piece of land for his retirement, and now he has no choice but to sell it. He is reluctant to part with it, but he has no other option.
“Mr. Wang is asking for 600 million yuan, and it must be paid in cash immediately; otherwise, he won’t sell,” Yu Xiangwen said.
Six hundred million is an astronomical price! However, land in the Mid-Levels of Hong Kong is not cheap to begin with. This piece of land is relatively large and in a good location, even better than Mr. Li's piece of land.
Is the price negotiable?
"It might not be easy. I'll take you to meet Mr. Wang and ask him what he said."
Mr. Wang is also a big shot in the industry, and Chu Yu respects him very much. Mr. Wang also greeted Chu Yu and, upon learning that she had such financial resources at such a young age, repeatedly expressed his admiration.
“It’s good that you young people have the ability. It’s a pity that my son made bad investments. Otherwise, I would definitely use this land for my retirement.”
Mr. Wang planned to use 1 billion yuan to build a house and make it nice, but unexpectedly, something happened and he can only live in a flat with a sea view in the city center.
Houses in the port city are not very big, and it is very difficult to live in a villa.
The house Mr. Wang lives in now was built by buying one floor and then converting it into a single unit.
But it can't be considered luxurious.
He still wants to live in a villa.
Now there's no chance left, so we can only sell the land.
Fortunately, this piece of land is quite valuable, and many people want it. Several people negotiated with him and discussed the price, but Mr. Wang did not budge.
That's how scarce resources are; once one is sold, another one is gone. If Chu Yu isn't in a hurry, he can wait patiently. Maybe five years, maybe ten years, someone will eventually be willing to sell the land.
But when it really comes to that, it's not very meaningful.
Mr. Wang's price is indeed a bit too high.
But next time we buy, we might not be able to get this location. During this time, Chen Sheng helped Chu Yu speculate in stocks in Hong Kong. Chu Yu made more than 300 million yuan, which was just enough to buy land.
Consider it as the Hong Kong stock market making money for me.
Since Mr. Wang wouldn't budge, Chu Yu had no choice but to agree.
"Okay, this price is fine. Let's sign the contract now."
Mr. Wang exclaimed, "You're a man of your word, you really have guts! I'll sell this land to you. I hope you find a good designer in the future and don't waste this piece of land. I'm not bragging, but you won't find another piece of land this good in the entire port city."
Or perhaps Mr. Wang is unwilling to accept this.
There isn't such good land in Hong Kong; this area is full of top-tier wealthy people.
Chu Yu's wealth is nothing here.
Even wealthy people might not be able to come up with 600 million in cash all at once.
Chu Yu's strength lies in his straightforwardness.
After completing the property transfer with Mr. Wang, Chu Yu finally breathed a sigh of relief. She already owned many courtyard houses in Beijing, and she had also bought prime real estate in Hong Kong, as well as dozens of houses in Hong Kong.
I might buy some more in the US if I have the chance in the future.
In short, Chu Yu achieved most of his life goals.
Yu Xiangwen smiled and said, "You're really obsessed with houses. You spend 600 million to buy a piece of land, and after buying the land, you have to build a house. After building the house, you have to find security. It's one thing after another. This house will cost a lot of money."
"Hearing you say that, I suddenly regret buying the land."
"No way? Really?" Yu Xiangwen asked with a smile.
Chu Yu smiled. She didn't regret it, but she wouldn't build the villa right away. She would wait a few years, earn more money, and then build the villa in Hong Kong.
In the following days, Chu Yu often looked through the works of designers, hoping to find a suitable designer to design a villa for him. He didn't have to build the villa, but he could start designing it first.
The design alone takes several years.
Time flew by and it was the Spring Festival of 1995. Chu Yu specially bought red sweaters for the family of four. Duo Duo and Zhou Zhou looked especially cute in their red tiger-head sweaters.
Chu Yu wore a white shirt underneath her red sweater, with some of the edges peeking out, which was both warm and festive.
Zhou Yun looked at the family of four and smiled with satisfaction. All four of them were good-looking. Chu Yu was beautiful and her children were also beautiful. The two children were both incredibly smart and incredibly cute. As a grandmother, she couldn't stop smiling every time she saw her adorable grandchildren.
We had our New Year's Eve dinner at Dai Donglin's house at noon, and then went back to Chu Yu's house for dinner. We also celebrated the New Year at Shu Huishu's second uncle's house. Shen Jun also came. Everyone gathered together, and we set up two whole tables. It was very lively.
Xiao Jiang has grown up and grown taller. Every time Chu Yu sees him, she is reminded of that little boy with a runny nose.
"Come here, let your uncle give you a hug." Xiao Jiang clapped his hands at Zhouzhou.
Zhouzhou snorted and turned her head away, ignoring her uncle.
Xiao Jiang was disappointed, but then clapped his hands at Duo Duo. Duo Duo was very accommodating and smiled at his uncle, revealing his cute little teeth, which made Xiao Jiang very happy.
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