A few years ago, after paying off the mortgage again, the housing market in her old hometown had just begun to take off, and Lu Qingqing mortgaged the property to the bank and took out another loan.
She spent over thirty million to buy a floor of shops in a newly built landmark commercial complex for the apparel trade in Pengcheng City. Situated on a prime floor, the space consisted of more than a hundred shops of various sizes, which early on brought in rental income of a few million. The rents have been increasing year by year, and now even a tiny shop of over ten square meters commands an annual rent of upwards of one hundred thousand.
Lu Qingqing's third loan was paid off within a couple of years, yet the housing prices soared like a rocket, seemingly unstoppable.
Naturally, her net worth skyrocketed. The value of her properties in the first-tier cities has at least quadrupled, while those she bought in Pengcheng a few years ago have now increased in value by seven to tenfold.