Rebirth 1983: Building My Business Empire-Chapter 596 - 579: Recouping a Large Amount of Funds

Lu Jiaxin originally thought that selling over four hundred units would take at least a month or two, but unexpectedly, they sold out in just over half a month, with more than 150 units at DLG Towers selling out first.

Lu Jiaxin gained a deeper understanding of the Hong Kong property speculation team.

Chen Ming reported the sales situation to her, mentioning that the DLG Mansion was sold for 3.2 billion. The initial purchase was made with a 30% down payment, with the remaining 70% financed by a bank loan. Since there was still a piece of land left unsold, Xinxin Real Estate repaid the bank 1.3 billion, leaving 400 million unpaid, meaning that the DLG Mansion project recovered 1.9 billion in funds. The high-end apartments and residences in Sham Shui Po and Causeway Bay together sold for 2 billion, repaid bank loans of 880 million, and recovered 1.12 billion in funds.

Lu Jiaxin calculated in her heart that the properties sold this time recovered a total of 3.02 billion.

Chen Ming nodded and said, "Yes, 3.02 billion recovered, with 190 million originally in the account, so the company now has a total of 3.21 billion on the books."

They are a property rental company, so leaving several tens of millions for operating expenses on the books is sufficient. Thus, these funds will be transferred out before long.

Lu Jiaxin asked, "What were the costs, and how much was earned?"

Chen Ming smiled and said, "For the DLG Mansion project, after deducting subsequent taxes and the like, we made a net profit of 1.02 billion from these two luxury buildings."

It’s undeniable that the boss has a keen eye, earning so much in less than a year. Although it rode the wave of the real estate boom, luck is also a part of one’s ability.

"What about the other two properties?"

Chen Ming knew the details of these properties like the back of his hand: "The two projects in Sham Shui Po and Causeway Bay netted a profit of 810 million Hong Kong Dollars."

The properties in Sham Shui Po and Causeway Bay were purchased two years ago and have appreciated by more than double, though the prolonged time also increased interest expenses.

Upon hearing this, Lu Jiaxin couldn’t help but recall a saying she often heard in her previous life: The poor get poorer, the rich get richer. Like the DLG Mansion project, she actually only paid 30% of the down payment, and the rest was borrowed from the bank. In less than a year, the property price increased by over 65%, and the increased portion minus interest was pure profit.

The stock in Hong Kong was liquidated for a return of 1.57 billion Hong Kong Dollars, and the Nikkei Index matured with a return of 1.35 billion, totaling 2.92 billion greenbacks; Little Days and Star City’s Nikkei Index also matured and were closed out, together recovering 3.16 billion greenbacks.

With this calculation, Lu Jiaxin found that finance makes money faster. Xinxin Real Estate’s three projects earned 810 million in two years, a return of 100%; while another made 1.02 billion in just over half a year, a 56% return. But she more than eightfolded her investment in the Nikkei Index in a year and a half.

Chen Ming saw that there was no hint of happiness on her face and felt a bit uneasy: "Boss, is there something wrong?"

Lu Jiaxin snapped back to reality and smiled as she said, "You all did very well. This month, everyone worked overtime to sell the properties, so bonuses will be doubled."

Chen Ming liked bosses like Lu Jiaxin, where you earn more if you do more, unlike some bosses who just draw big pie-in-the-sky promises. Big pies can only quench thirst from a distance and can’t really satisfy hunger, so he decisively left the previous company. But Lu Jiaxin not only offered high salaries but also end-of-year bonuses, and additional bonuses for exceptional work.

After leaving Xinxin Real Estate, Lu Jiaxin said to Yan Yijun, "Let’s go to Wansheng Real Estate."

"Alright."

After Yan Yijun came over, he learned from Gu Wenfeng and followed his advice to get familiar with the routes in Hong Kong. He has his own method of memorization, so he knows the routes in Hong Kong like the back of his hand.

Wang Yadan saw that Lu Jiaxin had a stern face and felt a bit uneasy. Previously, whenever Miss Lu came, she was always smiling, so what’s going on this time? Could it be that the boss was caught cheating outside, and Miss Lu came to hold him accountable?

Thinking about how Nie Zhan usually avoided other women like the plague, she quickly dismissed the unnecessary thoughts from her mind. She cautiously walked up and said, "The boss is discussing matters with Manager Zhu, Miss Lu, please wait here for a while."

"Call him and tell him I’m waiting outside."

When Nie Zhan heard that Lu Jiaxin was waiting outside the office, he immediately ended his conversation with Manager Zhu, then personally came out to bring her in. As for anyone else, they were kept outside the office.

Seeing her unhappy expression, Nie Zhan asked in confusion, "With the real estate market so good in these past two years, DLG Towers made a fortune, and the buildings in Sham Shui Po and Causeway Bay should have also made a lot. Why are you still unhappy?"

Lu Jiaxin said, "These three projects made a total of 1.83 billion."

Nie Zhan’s estimated profits weren’t far from this figure: "Made so much and still not happy? Is it because the higher-ups at Xinxin Real Estate are being dishonest again?"

Lu Jiaxin shook her head and said, "No, I realized my mentality isn’t quite right. I’ve been indulging in the Nikkei Index for over a year now. Do you know how much I’ve made?"

"Gained several times over?"

Lu Jiaxin said, "Almost ninefold, and that’s with me being very conservative. If I had been as aggressive as during a stock market crash, I would have made even more. At that moment, I had a frightening thought: what if I had put all my money into the Nikkei Index instead."

She deliberately put on a stern face, not out of anger, but out of some lingering fear. Despite having so much money now, she still developed a sense of greed. Human desire is indeed a terrifying thing.

Hearing this, Nie Zhan laughed: "Desire is something everyone has. As long as you realize it’s not right and can control it, that’s what’s important. The finance industry can make you rich overnight, but it can also make you lose everything overnight. We can invest in financial products but should only allocate a part of it and never put everything on the line."

He knew that Lu Jiaxin had put out three to four billion greenbacks in succession into financial products. Relative to all of Lu Jiaxin’s wealth, that was only one-sixth or so, which was manageable, so he didn’t oppose it.

Lu Jiaxin said, "I now understand why some people pour everything into finance, even borrowing at high interest to speculate. It’s like an addiction, and once it reaches that point, they can’t control themselves."

She felt that she had become addicted to reaping the benefits of Little Days. Well, if addicted, then addicted, she’ll just keep reaping. Now, going long, then going short later, making a fortune—perfect.

Nie Zhan thought she was quite rational. Some people really get engrossed and can’t pull themselves out: "You don’t need to worry. I’ll keep an eye on you and won’t let you get addicted."

Only then did a smile appear on Lu Jiaxin’s face: "Let’s go out for dinner tonight! I want to have French cuisine. I wonder if Li Qinglei has the dishes I like over there?"

Nie Zhan thought this was quite simple, just a phone call and he’d find out: "Really? Okay, I’ll go over with Jiaxin tonight, at six o’clock."

But just a big meal won’t cut it; Lu Jiaxin also wants to go traveling. She’s been busy since the second half of last year and needs to go on a vacation to relax.

Lu Jiaxin said, "We haven’t gone out together for a long time. Find a week and let’s travel."

Nie Zhan agreed with a smile: "Once I arrange the company matters, we’ll go."

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