Tao Liangchen
Chapter 60 Real Estate Market
I took the time to call my mom.
During the call, we discussed the details of picking up the insurance money tomorrow, agreeing to meet around ten o'clock in the morning at the Hai Gang City Pier.
Su Yehao then called his dad, subtly inquiring about the contract signing while mentioning the insurance money.
He learned that it was done.
The contract had already been signed, at the price discussed during dinner last night.
Su Yehao felt a tightness somewhere.
A great weight lifted from his heart, it felt amazing.
That ticking time bomb had been moved from the Su family to the Huang family.
Embracing the idea of "better a dead friend than a dead me," Su Yehao could only mourn for Huang Zewen and his father, hoping they could start selling units to the public as soon as possible.
Su Yehao had forgotten about the three-story building that his junior Gao Feng had mentioned, not even bringing it up on the phone when talking to his dad.
Thinking the deal wasn't quite right, he decided to put it aside for the time being, and ask about it when he got home.
Mainly, his relationship with Gao Feng wasn't good enough for him to lose money to help him.
Gao Feng's father had brought it upon himself. Besides, they weren't really destitute yet, with the supermarket and shops still there. He couldn't blame anyone for ending up like this, gambling was harmful in the first place.
Losing seven or eight million in two days was far from "a little gambling for fun"; it was pure madness.
Before afternoon classes, he called Yin Liuli again.
Mainly to discuss helping her repay her debts.
Now, whenever Yin Liuli received a call from Su Yehao, she tensed up.
She felt like she had been beaten all over, with aches everywhere, and was buying daily necessities near the apartment.
Learning that someone would help and she wouldn't have to show her face, she breathed a sigh of relief. She told him that she would withdraw the five hundred thousand and use it to pay off the debt first...
During afternoon break.
Su Yehao suddenly thought of something, patting the buck-toothed Jun sitting in front of him, asking, "How much is housing in Hong Kong right now? And here, how much is Gao Feng's three-story building worth?"
"...You're really planning on buying it?"
Buck-toothed Jun was holding a small mirror, admiring himself. He was planning to have two teeth pulled and get braces soon.
Looking at Su Yehao, Buck-toothed Jun added,
"The housing prices in Hong Kong have gone crazy these past two years. A slightly better apartment costs seven or eight thousand Hong Kong dollars per square foot. My brothers were planning to buy a place before, but now they've given up, they can't even think about it anymore. Your family is selling a building, and you're asking me about housing prices?"
Su Yehao was speechless himself, coughing slightly as he asked, "I haven't been paying attention, what about here?"
"Housing prices here can't compare to Hong Kong, they're not even a tenth of Hong Kong's. Otherwise, how could your family be making so much money these past few years? Remember to take me out, Hao-ge! Let's go to the Galaxy Club again when we have time!"
Su Yehao was thinking it wasn't too expensive.
Suddenly, he realized that Buck-toothed Jun was talking about seven or eight thousand Hong Kong dollars per square foot. Su Yehao was stunned!
Didn't that mean it was more than seventy thousand Hong Kong dollars per square meter?
He was new here and hadn't really looked into the market prices.
In reality, Hong Kong housing prices had been rising steadily, and the average price had already exceeded sixty-nine thousand, which was why Su's father was having trouble selling his properties – most people couldn't afford them anymore.
Having lived in the mainland for so long, his impression of the mainland in the nineties was that houses were cheap, people weren't rich, it was a time of reform and opening up, and the economy was growing rapidly.
It seemed that the mainland had really been out of touch for too long.
No wonder the older generation immediately thought of "rich," "developed," and "high salaries" when they heard about Hong Kong.
Whether it was per capita income or housing prices, it was really hard to compare them these days.
Su Yehao thought about the two apartments he was about to receive.
Even if the attics weren't included in the area, wouldn't one apartment be worth thirty million Hong Kong dollars, possibly even more?
His mouth opened slightly.
Two apartments right off the bat... He really was his parents' precious son, the treatment was different.
He was touched, he wanted to cry.
Once he got the two apartments, adding everything up, even though he hadn't done anything, Su Yehao's net worth would soon be close to a hundred million.
Suddenly, he remembered that housing prices would fall in a while, and he began to feel like crying again.
If he held onto the properties, his net worth of over a hundred million would only be fleeting, and he would be exposed once the tide went out.
Fortunately, he didn't have a mortgage.
He had to keep the free apartments, he couldn't let his father's concubines benefit.
Su Yehao still remembered the third concubine's subtle inquiries this morning.
The value of those two apartments exceeded Su Yehao's expectations. He was considering finding an opportunity to tell his father about the third concubine's schemes, completely cutting off that woman's thoughts.
Hong Kong was more developed and more populous than Macau.
Macau only had five or six hundred thousand people, so the demand for housing wasn't as strong, which led to the distorted housing price difference.
Housing prices in Macau were five or six thousand Macau patacas per square meter, while in Hong Kong they were sixty or seventy thousand Hong Kong dollars, there was no comparison.
This had led to many Hong Kong residents bringing their families to Macau to buy homes and settle down in recent years, otherwise local housing prices would be even cheaper.
Looking at both sides of Victoria Harbour, with their tall buildings and thriving economy.
While Macau today, most of Taipa Island was wasteland, the Las Vegas casinos and high-end hotels hadn't arrived yet, and there weren't many new buildings in the city, so it wasn't very attractive. The residents' living pressure was much lower than in Hong Kong.
Learning this, Su Yehao felt like he had discovered a new world. In his imagination, housing prices in Macau shouldn't be so cheap.
This could barely be considered a good thing, meaning that his family's golf course, Panlong Villa, city center hotel, and long-term rental apartments had huge potential for appreciation.
He finally understood why the news said the Su family's assets were three or four billion, but Su Yehao himself felt that something was off, as if something was missing.
The buildings and land in Macau weren't worth much yet.
He had traveled here with his girlfriend twenty years later, and housing prices in Macau had already risen to seventy or eighty thousand per square meter.
Due to his lack of knowledge of local history.
There was a discrepancy between his memory and reality, Su Yehao often treated Macau as the Macau of later generations.
In this way.
The price of Gao Feng's three-story building was far from as expensive as Su Yehao had originally expected.
The first floor was a shop, and the second and third floors certainly wouldn't sell for the price of a street-front shop, and it wasn't necessarily on the main street...
&/
Realizing that Gao Feng's building had potential for appreciation, Su Yehao gradually had a vague idea in his head.
Without rushing home.
He made an excuse to see a friend and asked Driver Ni to take him to Yin Liuli's apartment...