The Secret of the Yoga Club: The Women's Identity is Not Simple
Chapter 227 News about school district housing
After their revelry, the carriage was filled with the mingled smells of their sweat and the unique warmth of the enclosed space.
Ye Qinghan leaned against him, only two buttons of her silk shirt fastened, and faint red marks from their passionate moment still lingered on her collarbone.
Her hair was loose over her shoulders, a few strands of hair were damp with sweat and stuck to her forehead, and the flush on her face had not completely faded.
She reached out and adjusted the air conditioner vent upwards, letting the cool air blow on her for a while. Then she picked up the thermos on the center console, took a sip of water, and handed it to Lin Feng.
The two of them straightened their clothes and adjusted the seats back to their normal positions.
Ye Qinghan took out a small mirror from her bag, looked at her face in the light of the garage sensor light, wiped the smudged eyeliner from the corner of her eye with her finger, and then tucked her loose hair back behind her ears.
She turned her head to look at Lin Feng, her lips moved as if she was choosing her words carefully.
"The official notice regarding the old city renovation will be issued next week. The district has already established a special working group, headed by Mayor Liu, and I am the deputy head. This renovation covers a large area, involving the replanning of several plots of land. Preliminary plans have already been developed for the use of several key plots—some for commercial complexes, some for parks, and some for schools."
He paused for a moment, tapping his finger lightly on the center console. "Do you know what kind of houses sell best right now? School district houses. As long as there's a good school nearby, the price can be significantly higher than the surrounding area. Plots 3 and 5 both have educational land plans next to them, one for an elementary school and one for a middle school."
Lin Feng was fastening his seatbelt when he heard this and stopped.
Leaning back in the driver's seat, he turned to look at Ye Qinghan and remained silent for about ten seconds. The garage was quiet, with only the faint hum of the air conditioning vents.
My mind was racing. The contract for the Qingyuan scenic area project had just been signed, and the first batch of construction payments was about to be transferred. The renovation of the Keda Hotel was still in its final stages, and the final purchase of soft furnishings would also require a considerable expense. Although the down payment for the new energy truck was made through an interest-free loan from Jiangnan New Energy, the subsequent insurance and charging pile installation were real expenses.
The Dragon Scale Tent doesn't have much readily available capital, but the opportunity Ye Qinghan mentioned is simply too tempting.
"If we could acquire a piece of land, the mere mention of 'school district housing' would guarantee profits. But I can't handle it all by myself; the financial pressure would be too great. I'm thinking of bringing in He Qianwen's Tianlong Group and Chao Yuan's company, so the three of us can jointly invest in a project company and distribute equity and profits according to our investment ratio. This way, the financial pressure will be spread out, and we can also leverage Tianlong's brand and Chao Yuan's political and business resources in Qingyuan. With the three of us tied together, we can continue to cooperate on any good projects in the future."
After listening, Ye Qinghan thought for a moment and nodded. "This idea is feasible. Although Tianlong isn't a long-established player in the Hehai City real estate circle, He Qianwen is a reliable person who has developed several projects without any quality issues. Chao Yuan has readily available tourism resources in Qingyuan, and with his father's connections in the tourism bureau, project approvals will be much smoother in the future. You take the lead, they provide the funding and resources, and all three parties get what they need."
She paused, tapping her fingers lightly on her knee twice. "The Municipal Planning Bureau will hold a bidding briefing the day after tomorrow, which is basically an internal briefing to introduce the basic information and planning conditions of the plots of land to be auctioned. The formal bidding will take place next week, but you can get a lot of key information at the briefing. I have a spot available, and I'll add you to it tomorrow. You can come then, and focus on plots three and five. These two plots aren't particularly large, but they're in good locations with complete surrounding planning facilities. The starting price won't be low, so be prepared; it'll probably cost over a hundred million."
Lin Feng did a rough calculation in his mind.
The Dragon Scale Tent currently has about 30 million in cash available. He Qianwen previously mentioned that Tianlong has tens of millions in working capital. Although Chao Yuan's scenic area project has just started, there should be some surplus funds in the accounts.
If the three parties pool their resources and obtain additional loans from the bank, they should be able to raise around 100 million yuan in funds.
He shared this estimate with Ye Qinghan, who said that this amount of capital was not large in the real estate circle of Hehai City, but as a first-time venture into real estate development, it was wise to test the waters with a small plot of land.
A few more points were added: the primary school next to Plot 3 is a branch of the city's key experimental primary school, and the new campus of the planned experimental middle school is next to Plot 5.
A middle school has a wider reach than a primary school, and its influence on surrounding property prices is more pronounced. In the long run, Plot No. 5 may have greater potential for appreciation than Plot No. 3.
After dropping Ye Qinghan off, Lin Feng didn't go straight home, but instead drove to Baijinhai.
Shangguan Jinghong was still in his office, with a renovation settlement sheet for the Keda Hotel spread out in front of him, and he was checking each item on it with a red pen.
Seeing Lin Feng push the door open and come in, he put down his pen, leaned back in his chair, and rubbed his temples.
Lin Feng sat down opposite her and recounted in detail what Ye Qinghan had just said about the land transfer for the old city redevelopment project.
Plots 3 and 5 are adjacent to planned educational land, making them ideal for school district housing – a sure-fire way to make money.
He wanted to get Tianlong and Chaoyuan involved, with the three of them jointly investing in a project company, with Longlin taking the lead.
However, Dragon Scale currently only has about 30 million in funds available, and the rest will have to be raised by Tianlong and Chao Yuan.
After listening, Shangguan Jinghong leaned back in his chair and remained silent for a while, tapping his fingers lightly on the desk.
She didn't need to do the math to know it was a good deal. School district housing projects in Hehai City have always been in high demand and short supply. As soon as the land is acquired, the houses are snapped up before they are even finished being built.
However, Longlin is indeed facing a tight cash flow situation recently. The final payment for the Keda Hotel is due soon, the first batch of construction funds for the scenic area project has just been transferred, and they have also taken out another loan. The amount of money available in their accounts is indeed around 30 million.
She thought for a moment and said she would figure out the money later. There was still a portion of the 50 million yuan credit loan approved by the bank that hadn't been used up, and she could withdraw more.
In addition, the two assets with stable cash flow, Platinum Bay and Billiards Hall, can be used as collateral for a short-term bridge loan from a bank. The loan can then be repaid with dividends after the equity structure of the project company is finalized.
There are risks, but the returns on school district housing projects are enough to cover them.
That night, Lin Feng stayed at Bai Jinhai's place, and the two discussed some project details in the bedroom until late at night before going to sleep.
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