Chapter 517 I want to trouble you
It’s approaching noon.

I met Zuo Ziyan’s parents on the Bund and we went to a restaurant to have Italian food.

After lunch, we took a bus to Wujiaochang Wanda Plaza. On the way to meet Mr. Wang, Mr. Zuo said with emotion:
“I came to Shanghai more than a decade ago. It was shabby everywhere then. Now it looks much more comfortable. The buildings being built on the other side of the river are really tall. But the rent is cheaper in the mainland. Can such a large investment really recoup the cost?”

Fan Wumian was not very clear about the specific situation. He turned his head while sitting in the passenger seat and said with a smile:
“It should be OK. They are not investing in the present, but in the future. Moreover, many Fortune 500 and China’s top 500 companies have their headquarters in Shanghai and need space for offices. Developers can add a little money to the cost and sell it to customers. There should be many buyers. Someone once asked me if I wanted to buy an office building in Yanjing, but it was soon sold.”

Zuo Ziyan’s parents are mainly busy with real estate development, property management and other businesses. After hearing this, they suddenly realized.

It is true that local office rents are cheap, but that doesn’t matter if the properties are only developed for sale rather than kept for a long time to collect rent and make money.

If you invest 5 million yuan in a project and earn only 10% net profit, you will still get 5000 million yuan in profit. In addition, considering that the real estate prices in the mainland are skyrocketing, if you are lucky enough, you can make extra money.

As one of the windows for the mainland to showcase the achievements of reform and opening up, the Shanghai Stock Exchange has developed rapidly, but compared with international metropolises like Hong Kong, the gap is actually quite obvious.

The rapid development period of the Hong Kong city was in the 90s. The city’s appearance today is still relatively new. Due to the limitation of small land area, so many high-rise buildings are concentrated on both sides of Victoria Harbour, making it look more prosperous.

In contrast, in Shanghai, construction is underway everywhere in Lujiazui, and for now, it looks just okay.

Outsiders who come here to travel or work may exclaim in amazement after seeing it, but Mr. Zuo and his wife have seen the world, so they will naturally not be surprised.

Zuo Ziyan’s mother’s name is Qiu Qiaoping. At this time, she was busy taking out her lipstick to touch up her makeup and said with a smile:

“In the 1930s and 1940s, my ancestors opened a factory here and made a lot of money producing fertilizers. Later, they sold the factory and moved to the port city, leaving only an old house.”

“This house was first taken away, and then returned to my family in the 80s. In 2000, I spent about 370 million Hong Kong dollars to hire a designer to help tidy up the old house, and paid a land transfer fee for 70 years of property rights. I didn’t expect that I would never live in it after the renovation.”

“It seems that these old houses are now protected and can be sold for 13 to RMB per square meter. I plan to sell the old house this time. Anyway, I don’t think I will live in it in the future. I will use the money to renovate No. Big Wave Bay.”

Fan Wumian had once heard his girlfriend Zuo Ziyan mention this old house, and at that time she felt that life was different because of wealthy ancestors.

After hearing this, he said in a surprised tone:

“Why not keep it? Old houses for sale in Shanghai are quite scarce, so there is potential for appreciation in the future.”

“It’s better to use the money to decorate the garden in Big Wave Bay. It’s a headache if the area is too large. It will cost tens of millions to complete the renovation.”

After Ms. Qiu finished speaking, she added with a smile:
“I want to trouble you with something. I have brought all the information about the house. Ah Mian, you are doing business in the mainland, can you find someone to help me keep an eye on it?”

“It’s too much trouble to go back and forth. I just need to take people to see the house occasionally and find a reliable buyer for me.”

“This old house of mine has been renovated and has a large yard. It should not be too much to calculate it at 4 yuan per square meter. The building area is 418 square meters, so I will list it at 1650 million yuan. If I meet a straightforward buyer, I can sell it at a minimum price of 1500 million yuan.”

While saying “Can I trouble you a little?”, he handed a folder directly to Fan Wumian, although he did not treat this junior as an outsider.

It’s just a small thing.

Fan Wumian said cheerfully:

“Of course, no problem. Are old houses in Shanghai so expensive? The average price of a Siheyuan is only a few dozen yuan. It is calculated based on the building area, right? The Siheyuan is calculated based on the land area. No wonder the price is so different.”

The old courtyard houses that remain are usually made of wood. If they are not regularly repaired and cannot withstand the test of time, buyers usually just treat them as buying land and then invest in demolition and reconstruction.

These old villas in Shanghai are different. Most of them were built in the 1930s and 1940s. Their walls are made of cement and bricks, so they have a longer service life.

Buyers can save the expense of completely demolishing and rebuilding old houses. In addition, most of them are two- or three-story buildings, and the number available for sale is even scarcer than that of courtyard houses, so the prices are rising.

While chatting, Fan Wumian opened the file bag with interest and checked the information about the Qiu family’s old house.

From the documents, it was found that this old house is located at 8888 Julu Road. In addition to the more than 590 square meters of property certificate area, there are also attics and basements, plus a garden of about square meters. In the photos, the whole building has been renovated, with white stone walls on the outside and French retro decoration inside. From the wine cellar to the study and garden, the overall design is particularly exquisite and exudes an elegant taste.

I thought that if I started a fund business, I would probably put the headquarters in Shanghai. I would come here quite often in the future, and it would not be convenient to always stay at the Peace Hotel.

Finding that the price, location and building itself were all very good, Fan Wumian took a closer look and continued:
“If you really want to sell it, why not just sell it to me? You stay in a hotel every time you come here, and it’s quite troublesome to have people coming and going. Several projects have arranged branches in Shanghai, and I should be able to use them.”

Upon hearing this, Ms. Qiu instantly thought that if Fan Wumian married her precious daughter in the future, it would be like transferring money from one hand to the other, and the ancestral home would still be in her family’s hands.

She immediately replied:

“Okay, this saves a lot of trouble. You usually help Ah Yan so much, just give it to her as you see fit. It’s definitely different from selling it to outsiders.”

Boss Zuo said straightforwardly:

“Give me whatever you want. You can just take it and live in it if you need it. I don’t mind spending a little money to decorate my mansion anyway.”

Not sure if it was a polite remark, Fan Wumian certainly wouldn’t be so shameless as to say it, so he quickly said:
“One thing is another. The money still needs to be paid. Uncle and aunt are both here. We can go to the real estate transaction center this afternoon.”

Last night, Fan Wumian went to a business meeting. If he hadn’t been worried about the crowds in the hotel and something might happen, he might have taken advantage of the alcohol and taken Ling Ling back with him.

Also because they were staying in a hotel, even though the Allure Girls were recording a program in Suzhou next door, it was not convenient for him to bring Guo Biting over to play.

As a paradise for the rich and dissolute, it would be nice to come here occasionally and stay for a while after the Shanghai stock market has fully developed.

Instead of spending millions to renovate a remote villa given by a developer, which will be difficult to resell in the future, it is better to take over Zuo Ziyan’s old villa and move in directly after a little cleaning. It is more convenient and saves trouble.

The deal was finalized in a few words, and neither side paid much attention to this small matter.

Wujiaochang Wanda Plaza.

Mr. Wang personally brought a number of people to stand on the roadside to greet them, and his attitude was very enthusiastic.

Boss Zuo asked in broken Mandarin:

“Are all of these Mr. Wang’s projects? The scale of the mainland is really different. If it were Hong Kong, it would probably cost 20 to 30 billion to develop it.”

Mr. Wang said politely:

“Yes, this is the third generation of our group’s plaza. Two years ago, I went to Hong Kong to inspect Harbour City and Times Square.”

“There are currently two third-generation plazas like this. One is here, with a total investment of 21 billion yuan, and the other is in Ningbo. Both are expected to open before New Year’s Day. The shops are basically rented out, and the decoration is a bit noisy.”

“Last year, in order to raise funds, I sold all nine first- and second-generation shopping malls under my control to an Australian company, but they are still managed by Wanda.”

Fan Wumian was only responsible for matchmaking and saying a few good words.

Whether it will be successful or not depends on whether Mr. Wang can convince Zuo Ziyan’s parents. While inspecting and listening to Mr. Wang’s introduction, we can see that a shop at the gate has already hung up a Valentino sign, and the Holy Flame Meow Meow Cat Cafe is also being renovated.

He no longer had much interest in buying a villa or something like that; it was just for convenience.

Only a large commercial complex like the one in front of him can make him feel excited.

The initial investment of 21 billion yuan is only the first phase. Supporting facilities such as apartments, office buildings and hotels are also under construction. The total investment amount is as high as 30 billion yuan. After completion, the total construction area will be about 33 square meters.

This reminded Fan Wumian of the piece of land he had in Shenzhen. He really couldn’t spare the spare money to develop it at the moment.

(End of this chapter)