The Birth of Shanghai's First Conglomerate

Chapter 86 Family Property Planning
Chen Pingsheng didn't pay much attention to "Diamond Lover," mainly because he didn't have much money left in his pocket.

He accumulated 180 million yuan in savings through the big event Yang Mi came to.

Later, he gave his wife, Song Yanxi, 50 million yuan to open five Shuiyunjian stores in the Second Ring Road.

They invested another ten million in Boiling Sheep.

In between, they spent more than 70 million yuan to hoard houses, including a villa in Shuiyunjian that was over 1,000 square meters with a unit price of 28 million yuan.

Another property is Diaoyutai No. 7 Courtyard, located between the Second and Third Ring Roads, with a unit price of 60,000 yuan per square meter. He bought a unit of over 400 square meters.

It's smaller than Wanliu's, but it's still quite comfortable for his family to live in.

If he lives within the Second Ring Road in the future, he won't want to live in a villa anymore; a large apartment would be more comfortable.

Of course, this is on the premise that the area is large enough.

He thought anything over 400 square meters would be pretty good.

In addition, they bought five small apartments of over 100 square meters each in Shijingshan District, fully furnished, to serve as staff dormitories.

All these things added up to about 1.3 million.

In addition, when he returned home, he donated money, held lavish banquets, and spent nearly 20 million yuan on cars and houses.

He only had less than 30 million left.

Money just disappears so quickly; before you know it, you only have this little bit left in your account.

It's unlikely that we'll be able to invest in any more large-scale TV dramas.

He will only have a large income after Tengying finishes filming Hua Qian Gu, or after Shuiyunjian opens.

We'll have to be careful with how we spend these 20 million.

Bai Xin went to teach Chen An'an. While Chen An'an might doze off during the teacher's class, she wouldn't.

You can always learn something from it.

After Chen Pingsheng discovered that his family was buying more and more houses, he went to his wife to check the accounts.

Let's calculate their total investment in the house last year.

Song Yanxi will be able to give birth to her second child in June, and now her younger sister Chen Qi has moved into her house.

The main reason was to make it easier to take care of her sister-in-law, and incidentally, to also take over the kitchen.

If it's your own sister, you have to exploit her.

His sister, Chen Qi, used to be very frugal when she didn't have much money. Although her monthly salary wasn't high, she was still able to save a considerable amount.

After receiving the three million yuan, he went and bought a white Porsche 911.

The final price is around 150 million.

The remaining two million was used to buy an 80-square-meter apartment in Shijingshan, at the suggestion of her sister-in-law.

It can be considered a financial investment.

House prices in Shijingshan have also risen rapidly, increasing by 13 yuan per square meter in just one year from the beginning to the end of 13.

Now, even the best locations cost over 20,000.

With soaring housing prices, those who have migrated to Beijing for work will only become more and more anxious.

Fortunately, they no longer have this problem.

Song Yanxi was reading in her room, enjoying the peace of mind. Wealthy pregnant women don't have many worries, so they can focus their time on improving themselves.

"Honey, have you kept track of how much we spent on the house last year?"

"Of course I've kept track of the money spent on the house," Song Yanxi said after putting down her book.
"Yes, our family spent a total of 140 million yuan on houses last year. The price has risen from more than 10,000 yuan per square meter at the beginning to 20,000 to 30,000 yuan now. This money is considered a stable income."

Song Yanxi was very proud of herself; before she knew it, her family had accumulated over 100 million yuan worth of houses in Beijing.

All payments were made in full, with no bank loans involved.

It's very comfortable.

Chen Pingsheng had never been in charge of housing matters, so he asked curiously, "Have you compiled statistics on the increase in housing prices over the past year?"

"Yes, I have."

Song Yanxi took out a calculator and said seriously, "We first bought a house in Shijingshan. According to the beginning of last year, the price was only 15,000 yuan per square meter. This year it has exceeded 20,000 yuan. If we calculate based on last year's price, the increase is close to 60%."

What does 60% mean? It means that in just one year, housing prices in the Fifth Ring Road area of ​​Beijing have nearly doubled. This is undoubtedly extremely exaggerated.

This also means that people in Beijing, without parental support, cannot keep up with housing prices if their annual salary is below 300,000 yuan.

For example, last year a 100-square-meter apartment only cost 1.5 million yuan in full.

A 30% down payment would be 450,000.

This year, it's still the same house.

The full price has increased to 2.4 million, while the same 30% down payment would be 720,000.

Look, you earn an extra 300,000 yuan in a year, but you also have to pay an extra 300,000 yuan in down payment.

If this rate of increase continues, those earning less than 300,000 yuan a year without parental support will not be able to outpace housing prices within ten years, even if they don't eat or drink.

After all, no one can earn 300,000 a year and still save 300,000.

This is an exaggeration.

It's even exaggerated to an unimaginable degree.

Chen Pingsheng himself used to earn an annual salary of 300,000 yuan. Heaven knows how difficult it is for someone like him, without education or background, to earn that kind of money in Beijing.

He was certain that at least 80% of families in Beijing did not receive this income.

This means that if housing prices continue to rise like this, they could very well become a life-altering threat to ordinary people.

It could even trigger more serious problems.

That's just worrying unnecessarily.

His family is clearly one of those who benefited from the rise in housing prices.

Didn't you see Song Yanxi doing the math with a smile? Last year, her family invested 140 million yuan in real estate alone.

Even without pre-sale properties, the investment here has yielded a return of over 80 million so far.

This means that his family owns real estate in Beijing worth more than 200 million yuan.

This doesn't even include the four well-developed companies it owns.

If you really think about it, his family is already considered wealthy.

They certainly don't belong to the elite class, but they are undoubtedly wealthy.

Total assets are around 500 million.

This is not some virtual asset valued in the stock market or the internet, but a real cash asset that is still appreciating.

The kind that's incredibly reliable.

"Honey, let's not invest in Beijing real estate this year."

"If we don't invest in Beijing, where else can we invest?"

“Shanghai,” Chen Pingsheng said, “is a freer financial city, a bustling metropolis. Our family can transfer our real estate investments there, and we can also develop Shuiyunjian there.”

The houses in Beijing are definitely not going to change; if anyone wants to buy one later, they'll just have to go to Shanghai.

It still mainly consists of luxury apartments and large single-level units.

Once you have money, you need to plan ahead for many things.

For example, financial management is undoubtedly very important.

If he had a little more money, he would like to go to Hong Kong.

Given his family's current size, they're not even qualified to buy a house in Hong Kong, where prices are often in the hundreds of thousands, and even a 500-square-meter apartment would cost over 100 million.

He doesn't have that ability yet.

Of course, Hong Kong property prices are calculated per square foot, so a thousand-square-foot mansion is actually equivalent to a small apartment of a little over a hundred square meters here.

It's just that the price of the house is so high that it's called a luxury house.

To put it bluntly, the standard for a luxury house is one that an ordinary person could never afford in their entire life.

Just like he did before.

(End of this chapter)