Inside the luxurious black car, the man sitting in the passenger seat pointed out to the area outside of the car and turned to speak to the man in the backseat, âBoss, this is Pangâan Village. From here on out, the subway station is 5 minutes to the South, and only 20 minutes or so by car to the central business district. This area is perfect for apartments, except thatâŚâ
With a troubled look, he continued, âPeople here were difficult to work with. They asked for way too much in compensation.â
Pingâan Village wasnât a small district, but in the format of tube-shaped structures.
These structures were built 40 ~ 50 years ago. Back then, they were used by factory workers as dormitories. Due to some historical reasons, these houses were never registered as properties. After the factories had shut down, they had become personal properties of their residents.
Pingâan Village was very nicely located. Tens of years ago, this was still the factory area, but after the city development, all the factories either shut down or moved away, and this area had gradually turned into a busy area in the city.
The location was great, but the actual area wasnât very big, so no developers gave it a second look back then. Over time, this location had become busier and busier, and the house prices were going up a couple of tiers a day. By then, when the developers looked over here again, the residents had asked for outrageous prices.
âThere were a few companies who had their eyes on this location, but none of them were able to seal the deal. Rong Haoâs people tried a few months ago, but the residents were asking for $50,000 per square meter.â The man in the passenger seat tightened his lips a little, as though the ask was purely ludicrous. âThe average house prices in this area was only $50,000. The building looks like it could come crumbling down any day, how could they ask for such a price?â
Could the developers not afford this price? Of course, they could afford it.
But businessmen were in it for the profit. The lower the cost, the higher the profit. This area had slowly been surrounded by tall buildings and the utilities underground were undergoing development. They just needed to pull a few strings, and it wasnât impossible to cut off water and electricity supply to this area.
Once there was no water and electricity, itâd be much more difficult for the residents to stay here. Then the ball would no longer be in their court during the next negotiation.
This was the idea of most of those who were eyeing this area, including the man in the passenger seat.
He carried on, âI have confirmed with the city and they would start the development of the utilities toward the end of the year. Or we can look into Zhangxing Village. What do you thinkâŚâ
The man in the backseat did not say anything.
He looked a tad shy of 30, handsome with an elegant aura. His slender, long finger tapped on the laptop keyboard, making those around him feel nervous.
Jiang MingYuan looked at the city plan on the screen in front of him for a little bit and said, âThis location is fine. Letâs not wait around anymore. Go and negotiate with them. Letâs try to have everybody move out by the end of the year.â
âBut the pricing!â
âGive them the fair market value.â He looked up and said to his subordinate who had expressed his concern, âThe government will also be willing to negotiate some when the residents are being difficult.â
His subordinate was still a bit hesitant. But that would never cover what they have given outâŚ
âWhat? Do you have more questions?â Jiang MingYuan looked up.