Losing Money to Be a Tycoon

Manager Yang from the sales office was waiting for him at the main entrance of 'Dawn of Prosperous City'.

"Boss Pei! Welcome, welcome! I did not think that our small district would be of interest to you. I'm really flattered."

Pei Qian was too embarrassed to tell Manager Yang the truth, facing such enthusiasm from him. He came entirely because of the strange layout of this house.

This house was discovered by Pei Qian through an accident. He felt that it was good immediately after seeing the floor plan. He then got Assistant Xin to contact this place and confirmed that he could come to see the house today.

Manager Yang naturally attached great importance to his visit given Tengda's current reputation in Jingzhou.

"Boss Pei, shall we have some tea first, or shall we have a tour of the building directly?" Manager Yang asked.

Pei Qian's eyes did not leave the strange cylindrical-shaped building from the moment he got out of the car. "Let's have a tour of the house first."

Manager Yang nodded. "Okay, please follow me."

Pei Qian followed Manager Yang while scanning the surrounding residential building at the same time. There were many buildings in 'Dawn of Prosperous City'. Most of them were normal-looking and squarish, not any different from other ordinary communities.

Only this aloof cylindrical residential building was so unconventional.

It was in the center of the entire district. The characters 'Dawn of Prosperous City' was on top of the roof, showing its lofty status in this community. It was really possible for someone to be fooled if they were here for the first time.

However, Pei Qian did his homework.

This building had one unit per story, with an area of 248 square meters, five rooms, three halls, and four bathrooms. It had a total of 12 stories and had a height of 3.6 meters, higher than that of ordinary residential units.

If one looked at its floor plan, it would look like the circular mosaic pattern on the television when it was not broadcasting.

Pei Qian saw the post on the internet and saw many strange house types such as runway houses, sewer houses, toilet houses, warship houses, and so on.

Eye-opening and breathtaking…

Pei Qian wanted to buy them so badly. Unfortunately, the names of such districts were not in the posts so he did not know where to find them.

Moreover, most of them were not in Jingzhou.

As a second-tier city, housing prices in Jingzhou were not high compared to the whole country. Developers were not short of land so the probability of creating such a strange apartment was not high.

Generally speaking, such strange houses would only appear in first-tier cities with limited space, where the utilization rates were squeezed to the extreme.

However, his hard work paid off. He finally found this 360-degree sunlight 'sun never sets' apartment near the company.

Such a house type did not seem to be an isolated case. Many other cities such as Beijing and Shanghai had such house types with sizes, ranging from 200 square meters to more than 400 square meters. The circles were getting bigger.

As for why…

Who knew?

Perhaps the developer bosses felt that whales would like such apartments.

Such an apartment was beautiful but not practical at all. It might look good from the outside, but one should reconsider. How troublesome would it be if the living room, bedroom, and study of a house were all irregular-shaped?

The space utilization rate of such a house would be very poor. It might have 240 square meters, but it might not be much different from a normal 200-square-meter room.

What was more, people would get sick of watching the same scenery no matter how good it was. Most people bought houses for comfort and practicality.

The original rental price of such a house was about 15,000 yuan per square meter, but it had since dropped to 12,000 yuan per square meter because it was not selling well. However, even so, such a price was now selling at around three million yuan.

Wouldn't it be a great deal to a whale if he were to purchase such a huge house with three million yuan?

The current situation of such houses was that a whale would not buy it, and normal people could not afford it.

The entire district was almost sold out; only this building was still on sale on the internet.

The developer would not be happy if there was too much of a decline in price. A potential buyer would not buy if there was not enough of a decline in price.

Therefore, it entered a stalemate.

However, it fit Pei Qian's requirements perfectly. It was also a kind of happiness, having one's own unique needs so that one did not have to compete with the others!

Manager Yang led Pei Qian to a high-level show house and began his eloquent sales talk. Of course, not a single word entered Pei Qian's ears. He knew very well that it was all in the bid to sell him the building.

There was no need for him to bother about these. The one who would bargain with Manager Yang was not him but Assistant Xin.

Pei Qian felt good as he toured the place.

It was a 240-square-meter house, with windows 360 degrees around him. It was well-renovated and decorated. In any case, it was better than the ordinary rented apartment he was living in now.

This type of house was not selling well, not because of poor quality or flaws, but mainly because of the layout. This resulted in the low price-quality ratio.

There were too many better options at the same price.

The harder Manager Yang tried to sell, the more certain Pei Qian was that such a place was difficult to sell.

All the more he should buy it if that was the case!

Manager Yang and Pei Qian's requirements matched in such a strange way.

Manager Yang spoke so much that his throat was hoarse after half an hour. He stopped to drink some water while trying to dissect Boss Pei's expression. He could not dissect anything.

On the one hand, Boss Pei seemed to have seen through him and knew about the situation of this house; on the other hand, Boss Pei seemed to be very interested in this house.

These two contradictory expressions appeared on Boss Pei's face at the same time so Manager Yang did not know what Boss Pei was really thinking about.

Pei Qian thought about it for a while before asking. "How many units have people living in them?"

Manager Yang's heat sank.

'This is bad!'

Boss Pei asked such a sharp question!

In fact, only three units were sold so far, accounting for a quarter of the entire building. Moreover, most of these owners regretted their decisions and were trying to sell them.

What was the intention behind Boss Pei's question?

Could he have seen through the true situation of this place and deliberately asked this question to hint me to lower the selling price since it was not popular?

Manager Yang struggled a little within, but he did not dare lie because such things would not be able to hide for long.

"Boss Pei, rest assured that we have ample availability of our houses. You can pick which level you want…"

Manager Yang decided to reply in a roundabout manner.

Pei Qian frowned. "My question was how many units have been sold."

Manager Yang realized that he really could not pull wool over his eyes and had to tell the truth. "Three units.

"Boss Pei, our units are high-end. Ordinary people will not be able to afford them. The owners of these three units are all successful locals of Jingzhou. Of course, they are still far behind you, but…"

Pei Qian raised his hand and interrupted Manager Yang.

"Please inform these three owners that I intend to buy their units as well. I hope they can move out as soon as possible. I can even pay for their moving expenses."

Manager Yang, "?"

He froze for a moment. "Uh, Boss Pei, the units of the other floors are also on sale. You do not need to…

"Wait, Boss Pei, you mean…"

Manager Yang showed an extremely shocked expression. He had correctly understood the meaning behind Boss Pei's words but was afraid to confirm it.

Pei Qian nodded. "That's right, I want the entire building!"

Manager Yang was dumbfounded with tears gleaming in his eyes. Boss Pei's figure seemed to be exuding brilliance at that moment, reminding him of the savior.

…

…

In the afternoon…

Pei Qian was drinking tea leisurely in the office when Assistant Xin returned. It seemed like she had reached preliminary consensus after an afternoon of negotiations.

"Boss Pei, the three families were very dissatisfied with the layout of this apartment so they all agreed. They can all buy new houses with this money. They were more than happy.

"You said that you hope they can move out as soon as possible so I arranged a moving company to settle their moving for all three units and will reimburse them for the cost of staying in the hotel while they look for a new home."

"As for the price, the average price per is 12,000 yuan per square meters, 248 square meters, and 12 floors. Since we are buying the entire building we received 10% off and rounded down to the millions. The final price is 32 million yuan.

"We'll finalize this figure if you think there is no problem."

Pei Qian nodded. He had 100% confidence in Assistant Xin's negotiation skills. Buying such a building with such a house type with 32 million yuan was not entirely a loss.

Pei Qian only spent half of the money that was profited from the movie. The reason was simple. He wanted to test out his theory to see if the Sloth Apartments could indeed make a loss.

He would spend the rest of the money after confirming that point.

Other than that, Pei Qian found a great method of burning money. Renovations and decorations! A building like this was considered a fixed asset. It would still be 3.2 million yuan after the 10% conversion which would affect settlement.

Pei Qian expected the fixed assets in his hand would reach 90 million yuan at best for this cycle. It would not be so convenient to make losses if it were to exceed 100 million yuan.

However, renovation and decorations could be spent at will!

For example, purchasing expensive furniture, decorations, home appliances, etc. would not affect the settlement.

Of course, Pei Qian did not dare go as far as to buy a full set of top-brand luxury furniture. This place would become famous in no time if he were to do that. It might even attract all the local whales in Jingzhou. That would become a huge risk.

Ming Yun Private Kitchen was a good lesson.

Therefore, Pei Qian's target was to spend as much money on renovations and decorations without becoming too showy to achieve a perfect balance. Simply put, the balance would be: the rich look down on it while the poor could not afford it.

It would be best for the Sloth Apartments to be stuck in this awkward position!