And so, they planned to sell off all the apartments, keeping only the shopping mall and office building to manage and lease themselves. They'd then use the profits to acquire new land, letting the money compound and grow.
This was the suburbs, so property prices couldn't compare to the city center. Nevertheless, Jiang Zishi set the price at a mid-range 1,000 yuan per square meter. If they sold everything, they could recoup forty-five to forty-six million, which was even more than they had anticipated.
This single project alone would net them a return of over five million Pounds, principal and interest included. And that wasn't even counting the three other projects they had waiting for funding to begin construction...
Reality, however, was a bit cruel. Commercial housing developments had been popping up one after another since 1986, and people were taking a wait-and-see approach. Those who were looking to buy were prioritizing properties in the city center.
