Reaching the age of thirty, my income randomly doubled-Chapter 839 - 641 November

Day by day, November arrived in the blink of an eye.

The matter of Hengda’s loans had caused widespread unease across the entire real estate industry.

After Chen Pingsheng dealt with the problematic unfinished buildings of his relatives, Tang Jing unexpectedly reported to him that many employees had also purchased Hengda’s off-plan properties.

Now, they were facing the same outcome of not receiving their homes.

However, Tang Jing wasn’t asking him what to do; she simply brought it up for discussion.

To be honest, as early as 2018, or even earlier, he had warned the group’s employees not to invest in real estate, let alone speculate on housing.

Yet, there were still many facing genuine housing needs who ended up buying unfinished properties.

He didn’t even know how to evaluate the situation anymore.

Chen Pingsheng couldn’t step in, nor was it something he could manage, especially since he had too many employees under him.

By the end of the year, it was estimated to exceed one million.

Moreover, this month, the deputy mayor of Magic City who was stationed on Golden Mountain came to ask him whether he was considering taking Tengfei New Energy public.

If he was, Magic City could offer a slot and provide full support for Tengfei New Energy’s listing.

So far, Tengfei was still the best-selling electric vehicle brand in the country.

Its reputation was particularly strong, and its investment level was also the highest.

If it were to go public, quite a few people would undoubtedly look forward to it.

The only pity was that the valuation offered by the capital markets was in the range of 150 billion to 180 billion at most.

While it seemed decent, in reality, it wasn’t even enough to cover the principal he had invested over the years.

If it went public at this valuation, he wouldn’t even recover his principal, let alone make a profit.

The primary purpose of going public is to raise funds and cash out.

Clearly, Tengfei New Energy had no such need.

Moreover, it wouldn’t pursue listing unless the valuation exceeded 200 billion.

Not to mention Tengfei New Energy, he was instead considering taking Tengde Era public first.

This battery factory had already cost him no less than 80 billion in total investments, and significant progress had been made in solid-state battery research and development.

They had already managed to bring production costs for solid-state batteries down to the 600,000 range.

In another three years, they might be able to bring it down to 300,000.

Once that 300,000 cost barrier was breached, they could be used in all-electric vehicles at the 800,000 price range.

Battery costs have always been a significant component of electric vehicles. If that 300,000 production cost barrier could be broken,

then he would have a core competitive edge in electric vehicles at the 800,000 range.

Tengde Era could also leap into becoming one of the world’s top battery manufacturers.

This step appeared simple but had, in reality, required an investment of over 80 billion and six long years to execute without yet being completed.

Anyone else would have given up long ago.

Without true core technology, neither Tengfei New Energy nor Tengde Era could surpass a 200 billion market valuation.

Let alone those AI intelligence technologies he had invested in.

AI intelligence itself also encompassed chips, intelligent driving, and a whole series of critical technologies.

He had invested heavily in this area as well, spending four or five years.

What the future would hold was uncertain, but one thing was clear.

Batteries, vehicles, AI intelligence—they would all be spun off into separate listings and would not merge into a single entity.

Tang Jing had another major piece of news to report: the Tengying Jinshan Super Villa project was now complete.

It spanned over 200 acres and consisted of 228 floor-to-ceiling villas in total.

These villas weren’t being sold to ordinary employees but to senior executives of the group.

While the senior executives of the group earned high incomes, their accommodation standards were naturally high as well.

Chen Pingsheng had planned this as early as last year, and it was only completed this year.

From purchasing the land, to planning, to construction, it had cost him a total of 5.6 billion.

This villa complex was also being referred to as Tengying Senior Talent Housing.

Once the list of eligible buyers was finalized, sales could begin.

Tang Jing said, "Boss, this is the list of prospective buyers prepared by the HR department. If you have no objections, we can proceed."

Given that he acquired land at a much lower price than regular real estate developers, and construction costs weren’t particularly high either,

each villa was priced at only 30 million. Buyers could also obtain an interest-free loan from the group.

This would significantly reduce their purchasing costs. Ever since word spread within the group that these villas were under construction, countless people had been signing up.

Now that the construction was complete, all that was left was to finalize the list and conduct a lottery for the buyers.

Of course, while an interest-free loan was available, buyers still had to provide at least a 50% down payment.

As senior executives of Tengying Group, coming up with 15 million shouldn’t be difficult for them.

Shelling out 30 million in one go, however, might be somewhat challenging.

After glancing over the list to ensure nothing was missing, Chen Pingsheng said, "Handle it however you see fit. They can’t choose the specific villa—they’ll have to draw lots."

At 30 million, you could already buy a villa in Golden Mountain, but these villas were particularly large and came with uniform, luxury interior designs.

Additionally, the appliances and other facilities were top-notch, ensuring that the new owners could move in immediately without additional hassle.

The interior renovations of each villa alone cost no less than 5 million.

It could be said these villas were exceptionally lavish. At the same price point, it would be impossible to find such high-quality villas in Golden Mountain.

All the money for the land and construction had come out of his own pocket. Once the villas were sold, he could quickly recoup dozens of billions.

Not a bad deal at all.

After blinking her eyes while holding the folder, Tang Jing asked, "Boss, can I buy one as well?"

"You already own two houses, and you’re your parents’ only child. Do you really need to buy another?"

"Of course I do."

With a slight pout, Tang Jing said, "I’ve never lived in a villa before. Now that I have the chance, of course I want a place I love, and I really like it over there."

"Sure, just add your name to the list. Whether you get a good number depends entirely on your luck."

"Hehe… Thank you, boss."

Tang Jing immediately ran off happily. For her, coming up with 10 million wasn’t too much of an issue. If her salary wasn’t enough, she could always sell one of her houses.

A villa over a thousand square meters would surely be more comfortable than those small urban apartments anyway, right?

Her salary certainly wasn’t low—2 million per year at the bare minimum. Plus, she could make small side investments alongside her work.

Her annual income wouldn’t be less than 3 or 4 million. To come up with the 15 million down payment, she’d only need to borrow a bit from her parents.

The group’s senior executive villa project was a major event for the entire corporation.

Many employees were eagerly awaiting the villa lottery sale.

As for Tengying’s Phase II and III of the high-end small apartment community, there was still no progress in sight.

The primary reason was that housing prices were currently declining. Even Chen Pingsheng believed that waiting another two years to acquire land would ensure the lowest prices.

If he could secure lower land prices, he could offer employees more affordable benefits.

In reality, his housing and real estate projects did still generate some profit—just minimal.

The Phase II and III planning would officially begin once Xiao Ya arrived at Golden Mountain.

This could be considered his graduation gift as her uncle.

After all, it was a project worth hundreds of billions—not just a simple number, but a resounding achievement.