Chapter 853: Chapter 650: The Big Picture
Xiao Le finished her freshman year, while her sister Xiao Ya as expected smoothly entered the Golden Mountain governnt trainee program.
No surprise, when Xiao Le finishes her junior year, she will also work at Golden Mountain.
For now, it’s all about accumulating experience for that stage.
The arrangents made by her uncle are still very clear; while freshman year is spent on campus, inside the tower of youth, it is also the true beginning of engaging with society.
Especially over the past year, she has genuinely broadened her horizons thanks to her uncle.
Most of her classmates from Magic City are locals, each with varying advantages.
Few co from underprivileged families, and maintaining contact now is all about building a foundation for future connections.
This is the significance of attending a good university, far beyond what an average university can offer.
It can be said that most students at her school are placed in a predefined path as early as their freshman year by their parents.
So join the family business, others enter various national enterprises, or prepare for civil service exams.
How one’s path after graduation is chosen doesn’t rely on their academic major at all.
Instead, it’s a matter of their parents’ capabilities.
Take her sister Xiao Ya for example—her internship straight out of school was at the Golden Mountain Governnt Office.
Anyone allocated to this office for internships unquestionably has parents with significant influence.
The reason is simple—this is one of the departnts closest to leadership.
It’s also the fastest track for career advancent.
To put it plainly, even securing the most inconspicuous position in either of the offices, even just as a janitor.
Upon reassignnt, one could easily take on a role such as the head of a comprehensive public safety managent team.
This is the advantage of being in the dual offices.
One is the municipal committee office, the other is the governnt office.
Magic City, being a directly governed municipality, offers positions that are consistently half or a full rank higher than other regions.
Working hard in school certainly has its significance, but its relevance is limited.
Because relying solely on academic effort makes it nearly impossible to even reach the threshold here.
The path she will take mirrors her sister Xiao Ya’s to a large extent.
As for her classmates, their choice of major was already predetermined by arrangents; they are all far from ordinary individuals.
Their future outcos will rely thirty percent on destiny, fifty percent on family support, and only twenty percent will be within their own control.
It’s simply this surreal.
When Xiao Le attended class reunions in the past, Xiao Ya was already stationed at the group headquarters.
Chen Pingsheng t with District Chief Jin to officially launch the larger-scale second phase of Tengying’s premium residential project.
The planned developnt of residential units may range between thirty thousand and fifty thousand hos.
The site planned for comrcial residential land acquisition exceeds one thousand acres.
The investnt forecast is between thirty billion and fifty billion RMB, and from land acquisition to construction completion it will take roughly two years.
The funding for this project isn’t coming out of Chen Pingsheng’s pocket; he is rely responding to the employees’ demand for housing to build these hos.
After all, buying land and building houses collectively, excluding bank interest and employees’ personal mortgage loan interest.
The cost would drop to a level acceptable to everyone.
Consider a one-hundred-square-ter ho—if they were to buy externally, even a decent community in Golden Mountain would cost thirty to forty thousand RMB per square ter.
A one-hundred-square-ter ho with shared spaces factored in amounts to roughly 115 square ters.
The purchase cost for such a ho would reach over 3.5 million RMB, and factoring in loan interest, even repaying over ten years, the total cost would exceed 5 million RMB.
Building their own houses makes a significant difference—firstly, Tengying Group’s housing has no shared space deductions.
One hundred square ters ans precisely one hundred square ters.
Additionally, since this is employee talent housing, the land cost will be significantly lower than standard prices.
It will largely reflect land costs from 2015 and 2016.
Moreover, there’s no need to rely on bank loans for construction, which eliminates loan interest costs.
The remaining costs are simply land, construction, and eventual renovations.
It should be noted that not only do hobuyers face funding costs, but developers also have funding costs.
All of this originates from loan-related additions—removing this aspect alone lowers the price by at least thirty percent.
For the construction, developnt, and renovations of a house with one hundred square ters of net space, the cost would require only 1.5 million RMB.
If sold to employees, it would be approximately 1.8 million RMB.
It’s worth noting that this isn’t sothing just anyone can accomplish; only he has the financial capacity to support such a massive funding scale.
Requiring loans would push costs up by thirty percent or more.
Furthermore, this excludes all shared space deductions, which is why Group employees eagerly await housing developnts from him.
Other options wouldn’t offer hos this affordable, with pri locations and high quality.
The only challenge is, Chen Pingsheng himself must pay all upfront costs for land acquisition and developnt.
Only once construction and renovations are complete does he officially sell to the employees.
He never sells pre-sale hos, as this is the best assurance for employees and hobuyers alike.
The land has already been scouted, awaiting negotiations before approaching Golden Mountain’s governnt and the Ministry of Land Resources with the purchase intention.
Over one thousand acres of land will cost between 15 billion and 18 billion RMB.
The exact figure will depend on final negotiations.
It must be said, completing this project will still allow him to gather significant amounts of luck value.
The greatest benefit of luck value is blessing his family with health and safety, ensuring a lifeti of peace.
Chen Pingsheng will cash out another 0.5% stake in NVIDIA, which alone will yield 4 billion US dollars.
Converted to RMB, that’s roughly 28 billion.
It’s sufficient to cover 80% of the project’s progress, and he has also established a dedicated second-phase developnt fund for the project.
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