The Birth of Shanghai's First Conglomerate

Chapter 38 Preparing to Speculate on Real Estate
Xiao An'an is still living a happy life.

Especially after her parents were no longer short of money, she could have whatever she wanted.

Her parents' love for her was genuine and heartfelt.

Seeing that she was bored at headquarters, her aunt Chen Qi would take her out to play.

She's been on vacation for over a month and is all tanned from playing around.

This even made my aunt Chen Qi look a bit darker.

"You two haven't eaten yet, have you?"

Song Yanxi found a seafood buffet that looked pretty good and decided to take them there to try it.

Chen Qi now works in finance at a company, earning seven or eight thousand yuan a month, and her working hours are relatively flexible.

She herself drove an Audi A4. At her age, being able to drive such a car actually means she has already avoided a lot of undesirable relationships.

As the saying goes, if you're working in a factory or earning a few thousand yuan a month, you can't possibly chase after a beautiful girl driving an Audi.

Aren't you guilty?

If she were given a Panamera, she'd probably stay single forever.

She doesn't dare pursue those who are suitable for her, and those she dares to pursue are definitely not suitable for her.

Little An'an is such a little foodie; she's so small but eats a lot.

One big shrimp in one bite, no hesitation.

When Du Juan talked to Song Yanxi about beauty and skincare, Chen Qi learned that her brother actually wanted to open a high-end beauty salon.

"Sister-in-law, why didn't you tell me that my brother wanted to open a high-end beauty salon?"

“You didn’t ask. He just mentioned it a few times, saying that beauty salons seemed to make a lot of money.”

"Beauty salons don't just make money, they make exorbitant profits."

Chen Qi did work as a receptionist at a beauty salon a few years ago; the beauty salon she worked at was a very famous one in Shacheng.

"Let me put it this way, the French treatment you were talking about today, the products are actually only worth a few thousand dollars at most. The rest, apart from the beautician's service fee and some sales commission, is all profit."

"A treatment costing 68,000 yuan, and the products are only worth a few thousand?"

Song Yanxi was surprised, thankfully she hadn't become that sucker.

"That's not it?"

Chen Qi explained, "The most important thing in opening a beauty salon is the customer base. It's not like selling fruit. The customers who can enter a beauty salon must be wealthy. Only these customers can truly afford to spend money. A truly successful high-end beauty salon will have an annual profit of no less than eight or nine million."

That's exaggerated, it really is quite exaggerated.

The more Song Yanxi thought about it, the more she felt that beauty salons had potential.

Her man has already invested in the entertainment industry, and he has told her his real purpose.

If they can bring a few celebrities into the entertainment industry, they won't lack customer resources thanks to the star power.

What we really lack now are people who know the stuff.

After all, Song Yanxi herself would never do beauty treatments for others.

“Xiaoqi, if you have any resources in this area, please keep an eye out for your brother. If your brother opens a beauty salon in the future, no matter how big the investment is for the first store, you won’t have to put in a penny. Your sister-in-law will make the decision for you and give you a quarter of the shares.”

Her husband only has one younger sister, and he can't let her keep receiving a fixed salary of seven or eight thousand.

This income isn't low in the southern province, but it's nothing in the capital.

Housing prices are still skyrocketing.

The small villa they bought has increased in price to 35,000 yuan per square meter in just a few months.

They made millions for no reason.

This house is really quite helpless.

Song Yanxi thought about it, what if her sister-in-law really settled down in Beijing?

As her sister-in-law, she still had to give her a house no matter what.

It doesn't need to be too big, a hundred square meters or so is enough.

We need to find her a home.

This young lady is working so hard on her own, when will she be able to buy a house?

She planned to go home and tell her husband about it.

As for her sister Song Wu, there's no need for that.

If you can't make it in the entertainment industry, you'll just have to wait to inherit your family's business.

As the older sister, the most she can do is not compete with her for things.

Chen Qi hadn't even realized that her sister-in-law was already thinking about housing for her. The main reason was the soaring housing prices; buying early would save money.

If you buy late at this rate of increase, you might end up buying at the peak.

That would be even more disadvantageous.

Song Yanxi had her own considerations; she couldn't let the money in her account just sit there unused.

We need to find a way to make money from money.

Speculating on real estate is undoubtedly the best option.

My eyes lit up – what a great idea!

Her eyes were almost slits from laughing so hard.

Chen Qi was thinking of poaching her former colleagues, but then she asked, "Sister-in-law, how much are you planning to invest if my brother opens a beauty salon?"

"If we're going to do it, we'll definitely only do the highest-end."

Song Yanxi thought for a moment and said, "The first store is expected to require an investment of three million."

Wow... If three million were spent on hardware and renovations, that would be the ultimate luxury.

It's so much better than the one they went to today.

Song Yanxi added, "Your brother and I don't know much about beauty yet. The person in charge in the early stages is crucial. Her competence can determine the success or failure of this store. So, I can make the decision that she will receive 20% of the shares for free without any investment."

If we calculate 20% of three million, that's six hundred thousand.

If these conditions were offered, someone would definitely be tempted.

After all, most people who work in the beauty industry are girls from rural areas, and after so many years, very few can afford to start a business with hundreds of thousands of yuan.

But those who invest in beauty are different; they have money but no skills.

Only through cooperation can both sides achieve a win-win situation.

This is also what her husband has always advocated: if you want to cooperate with someone, you must make sure that the other person makes money.

Only in this way will others be willing to work for you wholeheartedly.

Zhang Tao, Liu Jing, and the others are all examples.

Without them, their fruit business would never have developed so quickly.

Michelle Song followed suit.

When she got home, she told Chen Pingsheng about it.

He had no objections whatsoever; on the contrary, he thought it was great.

Instead, she wanted to speculate on real estate, but Chen Pingsheng remained silent.

Speculating on real estate can definitely make money.

Given his family's current situation, even without using public funds from the fruit shop to speculate, they could only speculate on two or three sets a year at most.

It's a good idea to earn a little more.

The hardest part of making money is the initial stage. Once you have accumulated some initial capital, making money isn't actually that difficult.

"There are purchase restrictions in Beijing, so if you want to speculate on real estate, don't take out a loan. Also, it's better to buy a second-hand property than a new one."

"Honey, why are you so reluctant to buy an off-plan property?" Song Yanxi asked, puzzled.

Nowadays, the only way to buy a new house is to buy an off-plan property.

Chen Pingsheng explained, "We're all in business, don't you understand? What is off-plan housing?"

"Real estate developers bid for a piece of land, then use that land to get a bank loan, and after getting the loan, they develop that land."

"They've only laid the foundation, yet they've already started selling apartments off-plan, and then used the money from our purchases to develop other land."

"Do you know how high the financial risks are here? I feel that if the real estate industry continues like this, it will eventually collapse, and the entire Chinese economy may face a crisis of collapse."

"so serious?"

"I hope I'm overthinking it."

Chen Pingsheng said, "I certainly don't object to you using your own money to speculate on real estate. As long as you don't take out bank loans and speculate with cash, no matter how the real estate market changes, our family will not face any risks."

Song Yanxi thought about it and realized that her family had already passed the initial stage of accumulating wealth.

They run quite a few businesses now, including fruit supermarkets and investments in the entertainment industry.

They're also planning to open a beauty salon.

Real estate speculation is just a side business; it's better to be cautious.

(End of this chapter)