190 Buying a mansion
Purchasing a fixed residence in Xiangjiang is both a practical need and an excellent investment project for Lantianyu.
The Hong Kong real estate market has experienced three major collapses in history, and the past 1997 was the most serious one. In 1997, the price of the Hong Kong real estate market reached an all-time high, with the average residential price reaching HK$626o per square foot. Today, the average residential price has fallen to about HK$38o per square foot, and the price has dropped by about 40%.
Affected by last year's financial crisis, the real estate industry in Xiangjiang was in a slump. Major real estate companies launched a bloody price war. At this time, purchasing some scarce real estate resources will definitely make the future profits very considerable.
Zhao's Group is a large group with diversified operations. Although its real estate companies are not their main business, they are also small in scale.
Hearing that Lan Tianyu had the intention to buy a house, Zhao Wenhai first took him to two properties in Repulse Bay that his real estate company had just launched.
Repulse Bay, known as the "No. 1 Bay in the World", has the reputation of "Oriental Hawaii" and is the most representative beach in Xiangjiang.
Repulse Bay is located south of Xiangjiang Island, surrounded by mountains and seas, the bay is crescent-shaped, with gentle slopes and long beaches, calm waves and quiet waves, clear and fine sand, wide and clean beaches and shallow beaches, warm in winter and cool in summer, with water temperatures between 16 degrees Celsius and 27 degrees Celsius. It has always been a destination for Xiangjiang people to absorb summer and get tides, and a famous scenic spot that tourists must visit.
As one of the luxurious residential areas in Xiangjiang, many villas and mansions are spread all over the slopes of the bay. The two properties opened by the Zhao Group are mainly high-end residential areas; the other is located on the beautifully landscaped Dalang Bay, with only 18 villas in total, hidden among the lush forests between the mountains and the seas, making it difficult for outsiders to see their true appearance.
Zhao Wenhai directly pulled Lantianyu to visit the five unsold villas.
These five villas are designed by famous artists. Although they are large and small, they are either luxurious, atmospheric, exquisite and elegant, and each has its own characteristics. The most important thing about Blue Sky Rain is the Louwang, a three-story villa with an area of over 12,000 square feet.
After entering this largest and most luxurious villa, Lan Tianyu was satisfied after seeing it inside and outside, and said, "I like this villa very much. If you ask your subordinates to calculate how much the total cost, I will issue the check for you now."
"Since the financial crisis last year, the real estate market has plummeted, and the remaining five villas have been unsold, especially this one, which is too large, and is even less popular. The price for sale to the outside world is only 10,000 yuan per square foot, and the total price of this villa is about 10,000 Hong Kong dollars."
Zhao Wenhai continued earnestly, "If it weren't for your miracle doctor's actions, my grandfather's illness would have been difficult to cure. With such a great kindness, I wouldn't have asked for a reward or reward for these sad words. But as a gift, according to our old man's wishes, you must give this villa to you. You must not refuse the old man's little intention."
Putting aside personal feelings, Lan Tianyu's medical expenses are indeed quite expensive, and it is appropriate to use this villa to repay it.
Since this is Mr. Zhao's intention, if Lan Tianyu refused to accept it, it would be unbearable, so he replied: "Old Zhao is too generous to take action. I am really flattered to such a heavy gift. However, since this is the wish of the elders, I will be disrespectful."
Lan Tianyu agreed readily, Zhao Wenhai breathed a sigh of relief, showed a bright smile on his face, and ordered an executive around him: "Please complete the procedures for President Lan as soon as possible, and according to President Lan's requirements, clean up and do not delay President Lan's check-in."
"I am very satisfied with the decoration style of this villa. There is basically nothing to improve. But the location here is a little remote and is very suitable for vacation and leisure. If it is a daily living, I still hope to buy a property in the mountain top area or the mid-mountain area to move in. The real estate market is in a slump now, so you should be able to find a suitable property? If there are suitable properties, I plan to buy one or two more properties, and treat it as an investment." Lan Tianyu asked.
Xiangjiang's scarce real estate resources can only be successfully purchased during this period of depression in the real estate market. After the real estate market rebounds, not to mention the rise in housing prices, there will definitely be no more choices now.
"After the financial crisis, all the wealthy people in Xiangjiang have plummeted and their capital turnover is difficult. Some people are really interested in taking idle real estate, and there must be some luxury houses in the Mid-mountain and Peak District. I will ask a few well-informed friends now."
After several consecutive calls, Zhao Wenhai quickly contacted several suitable properties. He and Lan Tianyu rushed to the Mid-mountain area.
The Mid-mountain area of Xiangjiang is located between the top of Taiping Mountain and the Central Ring Road. It starts from the border between Wanchai District and the Central Ring Road in the east, reaches Pok Fulin in the west, reaches the Suburban Park in the south, and reaches the Sheung Wan in the north. It offers a view of Victoria Harbor, and is also close to the business and commercial centers such as Sheung Wan, Central Ring Road, and Admiralty, with extremely convenient transportation.
Because the Mid-mountain area is surrounded by mountain scenery resources, rich vegetation and fresh air, the high-quality properties here have long been chosen by dignitaries and prominent celebrities. In addition to the government's attention, the Mid-mountain area has excellent public security and ranks first in all districts in Xiangjiang.
The luxury houses in the Mid-mountain area can be said to be a combination of landscape, urban central area, ecological resources, good public security, privacy and other conditions.
Since 1990, the Mid-mountain area of Xiangjiang has been carefully divided: the Mid-mountain area, along with the luxury residential area of Po Fulin, is called the "West Mid-mountain", the Madonnu Road, Kenny Road and Baoyun Road are called the "Mid-mountain", and the Dakeng, Happy Valley and Jardine Mountain are called the "East Mid-mountain".
The residents in the above three different divisions also vary in the area. For example, the central mid-mountain is mainly rich; the western mid-mountain is mainly middle-class people with higher incomes; the eastern mid-mountain is mainly senior government officials and top professionals. The entire Xiangjiang mid-mountain is most famous for the "central mid-mountain" close to the core area of the Central Ring Road.
Because Lantianyu tends to buy large-scale luxury houses, the first property Zhao Wenhai visited with Lantianyu was a real estate located in the middle and mid-mountain area of Wu Qingming.
The building area of this luxury house is about 23,000 square feet. The back of the house is equipped with a small garden, which is decorated in European style. Although someone is taking care of it, no one has lived in it in the past two years.
After the visit, the blue sky rain was quite satisfactory and it should be a good choice for investment. However, if it is used for living, it still needs to be renovated and cannot be moved in for a short period of time.
Chapter completed!