The Jiahe Community project launched by the Jessica Group is the earliest and so far the largest project, with hundreds of buildings of various sizes and tens of thousands of property owners. It is on par with a small town. The community facilities are not lacking and the greening is pretty good, but the problem is they can't collect the property management fees.
The average property fee in Jiahe Community is one dollar per square meter. For a 100 square meter house, that's 100 dollars a month. On average, there are 8,000 households with 100 square meters each. Based on 100 dollars per household, that's 800,000 dollars a month and nearly 10 million dollars a year. Such a large cash flow is crucial even for the Cloud Shadow Company.
However, due to poor management, only half of the property fees could be collected, barely maintaining the company's operation and far from reaching profitability. For a long time, this has become a big problem that shareholders are eager to solve.
