C17 [i Don't Need to Choose Anymore. I Want All of Them!]!
Hee Meng nodded, clarifying, "If you're looking to purchase another house, you'll need to wait two years, and you'll be required to make a 50% down payment."
"Okay," Gao Chi replied, a touch of disappointment in his voice. Buying a house was at the top of his spending list.
He didn't have any other investment channels.
As Gao Chi's disappointment set in, Hee Meng interjected, "However, Mr. Gao, if you're considering an investment, I believe commercial properties might be a better option than residential ones."
"Are there no restrictions on commercial properties?" Gao Chi inquired.
Hee Meng launched into a quick rundown, and Gao Chi finally got it. Residential properties were limited to one or two purchases, but commercial properties had no such cap!
"That's right. With commercial properties, you simply buy as many as you want and pay the corresponding taxes. There are no other issues," Hee Meng confirmed.
"Great, can you recommend a good commercial property then?"
Gao Chi pondered. The returns on commercial properties weren't any less than those from real estate investments. Plus, he'd be a landlord in the future, which was an exciting prospect. He imagined strolling with his future girlfriend, buying whatever caught their fancy—what a thrill that would be!
Hee Meng tapped on her tablet and looked up at Gao Chi. "There's a newly completed commercial street. The developer owns it and has tasked our company with sales and leasing."
"As of today, we've sold three units, with over a hundred still available. Including the commercial spaces on the second and third floors, there's a total of around two hundred units. How many are you interested in, Mr. Gao?"
Gao Chi didn't rush to respond.
"Where is this place?"
"It's located in the heart of Jingzhou City, right next to Grand Plaza. To the left of the plaza is a pedestrian street, and to the right, a newly developed residential building."
Gao Chi reflected briefly. He remembered the area being quite desolate when he arrived by taxi. He hesitated, but then his ultimate goal resurfaced in his mind—wasn't it all about spending money for points?
"I'm not lacking in funds. Even if this area doesn't take off, it's no big deal!"
Seeing his concerned expression, Hee Meng assumed he was worried about how the area's development might impact his investment prospects. She offered a reassuring smile and said, "You're overthinking it, Mr. Gao! Are you familiar with the South District? It's an upscale neighborhood. The retail spaces here sell themselves!"
Upscale neighborhood, indeed. With such an area nearby, there was bound to be a steady stream of people.
"Alright, let's go take a look at the property!" Gao Chi agreed without hesitation. The prospect of investing to make money, and spending to earn points, struck him as doubly delightful.
Hee Meng grabbed the keys and hopped into her modestly priced QQ car. "Mr. Gao, please, get in!"
He hadn't expected this young woman to be so resourceful. The car might not have cost much, but it still served as a mark of her status.
As they drove, Hee Meng briefed Gao Chi on the details. The newly constructed Bridge Street spanned roughly 20,000 square meters, with a total built-up area of about 50,000 square meters. It featured two-story buildings, with some sections rising to three stories, and included a two-level underground parking garage with 400 spaces. The main entrance was conveniently located next to the Great Ming Plaza.
The developers had modeled Bridge Street after the finest commercial districts, ensuring a well-thought-out mix of retail, dining, children's play areas, and fitness facilities in a semi-open, street-style commercial complex.
Half an hour later, they reached their destination. The South District took up the rear half of the street, with the first half still vacant. The sold units were already being fitted out, and the shop owners greeted Hee Meng warmly as she passed.
As they strolled, she explained, "This is the overall layout, Mr. Gao. You have free rein with the interior design! Just make sure you're up to date with your taxes, and everything should be fine."
Surveying the area, Gao Chi noted that the spaces were all unfinished shells, with even the smallest unit exceeding 100 square meters—perfect for a restaurant or other leisure business.
"How much are we talking about here?"
"It depends on which space you're interested in, as the prices vary. The units further down are larger, and while most buildings here have two floors, some offer three. Mr. Gao, would you like to go up for a better look?"
Hee Meng finished her spiel and glanced at Gao Chi, worried he might not have caught every word.
"Alright, no need to choose anymore. Let's go with this! Inquire about those three shops that have already been sold. I'm interested in buying them all—it'll make management easier down the line!"
"Sure thing, Mr. Gao... Wait, what? Mr. Gao... You... You want to buy the whole of Bridge Street?"
Hee Meng was rooted to the spot, her eyes wide with disbelief as she stared at Gao Chi.
Buy an entire street?
What sort of move was that?
Was this some kind of international joke?
The area might have been newly developed, but its commercial potential was undeniable. The smallest shop was going for tens of millions, and the priciest had already hit the billion mark...
To buy the whole street would cost tens of billions!
...
Though Bridge Street had sold three shops and rented out about a dozen more, it hadn't officially opened for business, so it was quite deserted.
As Hee Meng and Gao Chi made their entrance, the shop owners couldn't help but come over to say hello.
A few were particularly eager to show their warmth.
Liu Teng had mortgaged his parents' home half a month back, borrowing over a million yuan to launch his own business. He had met Hee Meng when he was renting his shop.
That very day, he felt like he'd fallen head over heels.
He would often reach out to Hee Meng on WeChat, chatting about this and that.
And today, with Hee Meng bringing someone to see the shops, he was so eager to ask her out for a meal that he left his renovation work unattended and hurried over.
But before he could get a word in, he overheard Gao Chi's remark, "You want to buy the whole street?"
He sized up Gao Chi with a critical eye. The guy looked like a classic broke loser, probably not even twenty-five.
Buying a whole street.
Was this some kind of joke? Even if you were the heir to the wealthiest Wang family in Jingzhou City, I can't believe your dad would hand over billions to a twenty-something to play with!
"Bro Teng, this kid's trying to muscle in on your turf!" Ma Hao, a fellow tenant, murmured to Liu Teng.
Liu Teng jolted with realization. "Holy smokes, that's it! This guy's trying to flaunt his money in front of Mengmeng. She's so sweet and naive—she better not get taken in by his act!"
Regardless of whether others put stock in Gao Chi's claims, Liu Teng was certain he wouldn't. He glanced around at the other tenants and bellowed, "Has this kid lost his marbles? We're talking about renting a place, and he wants to snap up the whole lot? What does he think this is, a shopping spree or a bulk purchase?"
"Brother Teng, it's pretty common for the young ones to exaggerate," Ma Hao chimed in, eager to smooth things over. "Just look at him, he's obviously just a student!"