CHAPTER 317: 315, BUYING A 20 MILLION PROPERTY? CASHBACK PLAN?

"Boss, long time no see."

"Indeed, Mr. Luo. It’s been quite some time since your last visit. Let me introduce you. This is Li Hua, the owner of the restaurant across the street, and he’s also the owner of that two-story building," Boss Zhang said, making the introduction.

"Hello, Boss Li!"

"Hello, Mr. Luo," Li Hua said. "I hear you’re planning to purchase a commercial property."

"That’s right. Could you tell me more about it, Boss Li?" Luofeng asked.

"Certainly. The property has two floors, currently decorated in a Chinese style, and is equipped with a modern kitchen. It’s roughly valued at..."

Luofeng directly interrupted Li Hua.

"Pardon me for interrupting, but I won’t be running a food service establishment after taking over. So, you can pack up all the furniture and take it with you, or sell it as second-hand."

Li Hua pondered for a moment. "Alright then. Let me describe the property. The first floor is 240 square meters with a well-maintained interior, an eight-meter-wide storefront, and it’s thirty meters deep. The second floor is nearly identical, and there’s also a 120-square-meter backyard, mainly used for parking."

So, the two floors together are about 480 square meters.

Luofeng had initially thought it might be smaller, but a slightly larger size wasn’t a major issue.

After all, I have a basic real estate cashback card, and it can provide a cashback of one to three times the amount.

"What about the price?" Luofeng inquired.

"This is freehold property... and the land for the backyard is included as well."

Luofeng nodded.

If the backyard is listed on the Property Ownership Certificate, then the price would naturally be higher. It can’t be considered a freebie.

"It’s also classified as residential property with a seventy-year land use right, of which sixteen years have already passed. If Mr. Luo has the right connections, you could even establish residency here in Shu City," Li Hua explained.

Boss Zhang chimed in from the side, "Actually, all the properties on this commercial street are of this nature."

The fact that it’s residential definitely means a higher price.

"Just state the price. If it’s fitting, we can talk," Luofeng cut to the chase.

"The building itself is priced at 35,000 per square meter, and the backyard area at 32,000 per square meter."

That seemed like a fair price.

After all, the land is the most expensive part, isn’t it? How costly can the building materials be? If they were any more expensive, the price of the house would be astronomical.

"The 540 square meters of building area comes to 18,900,000. The 120-square-meter backyard adds 3,840,000, for a total of 22,740,000!"

"Since there’s no intermediary, the largest transfer expense will be the three percent deed tax!"

"Given that the building is sixteen years old, the seller isn’t liable for business tax. Adding the stamp duty for both parties, the total is roughly 3.1 percent, which amounts to 600,000."

Luofeng chuckled. "I won’t haggle over the 35,000 price. I have a fair idea of its worth, right, Boss Li?"

"I’m being sincere. I’m 50 and planning to retire," Li Hua said.

"That’s a good mindset to have. Our main point of disagreement is the backyard. Although it’s listed on the Property Ownership Certificate, it can only be used as a backyard, correct? I assume there’s no permit to build on it. If there were construction rights, this price would be acceptable to me. But for land that cannot be developed, the price is too high. Any attempt to build would be an illegal structure." Luofeng chuckled.

Li Hua immediately fell silent.

"A backyard like that can only ever be a parking lot or a garden. So, 32,000 per square meter is truly not a fair price."

"Then, Mr. Luo, how much are you willing to offer?"

"My offer is 20,000,000 flat, and I’ll cover all transfer fees. Typically, in domestic sales, the buyer covers these costs anyway. As soon as the sales contract is filed with the Housing Management Bureau, I’ll transfer the funds immediately. The penalty for late payment will be 10,000 per day. If I fail to transfer the funds within fifteen days, you have the right to terminate the contract, and I will pay you 500,000 in liquidated damages," Luofeng stated confidently.

Li Hua thought for a moment, then nodded. "Deal! I appreciate your straightforwardness, Mr. Luo. It’s a shame my child is a son; otherwise, I’d introduce my daughter to you."

"..."

Luofeng was rendered speechless by this rather bizarre offer.

「The next day.」

Luofeng had Chen Ping from his investment company handle the property purchase. This was mainly because Luofeng himself lacked the qualifications to purchase property in Shu City, so it needed to be registered under the company’s name. Since Luofeng held 100% of the company’s shares, everything effectively belonged to him anyway.

At 11:00 AM, Luofeng was in a lecture hall, attending a class on mainstream economics.

Luofeng wasn’t listening attentively.

It’s just as I always say; it’s not as efficient as adding Attribute Points myself.

DING! The host has successfully used the real estate cashback card! A three-times cashback has been drawn!

DING! You have received a 60,000,000 cashback!

Luofeng smiled faintly. He didn’t choose to withdraw the money immediately.

Having previously made a quick 5,000,000 from the Tong Sushi bargain, Luofeng’s account had enough funds for his daily expenses.

He messaged Chen Ping, instructing him to coordinate with Gu Yongjie on the newly acquired two-story building. The first floor was to be renovated into a high-end general supermarket, and the second floor into a Light Food and leisure café. The backyard was also to be transformed into a garden.

These tasks would naturally be handled by a professional design firm; Luofeng didn’t need to manage them personally.

「In late October.」

Luofeng made a trip back to Shanghai and then went to Capital City to "make trouble" with some long-legged women.

Bai Ningbing in Jingzhou remained engrossed in her studies. Although Bai Ningbing held Luofeng in some regard, no suitable opportunity to advance their relationship had presented itself.

Time flew swiftly, and a month quickly slipped by.

Luofeng’s high-end supermarket on North Wind Second Road was nearing completion. Therefore, even though it was the weekend, Luofeng remained in Shu City instead of traveling.

Since environmentally friendly materials were used, there was no need to wait several months for formaldehyde levels to decrease.

Gu Yongjie was on-site, supervising the work. He was full of drive, clearly envisioning a promising future for the supermarket.

"Boss Luo, I have an idea. Based on our current progress, we can open by early December. Should we organize some students to distribute flyers for us? We could also offer some coupons to build our reputation. Even if most people are not our target customers, positioning ourselves as a high-end general supermarket is, in itself, a high-class selling point. If the publicity is done well, it will definitely yield good results," Gu Yongjie suggested.

Luofeng smiled and nodded. "No problem. However, later I’ll give you someone’s information. You need to hire her to distribute flyers and then recruit her into the store. Arrange a non-strenuous job for her."

Gu Yongjie was quite puzzled. However, as it was the boss’s request, he naturally had to agree.

"No problem."

Luofeng sent Bai Lu’s information to him. "Actually, she’s the one I brought to your old workplace when we delivered those donations to the orphanage."

"Ah?" Gu Yongjie sounded a little surprised. "Okay, I remember now."

He didn’t wish to pry into the relationship between Luofeng and Bai Lu.

Why should I try to pry into the boss’s private affairs?

DING! The host has helped Student Egret!

DING! Reward: One business secret!