The total price is tens of thousands of times, and the “holy house” is becoming the “shambles” of the auction market。
In recent times, thousands of large houses have been built on the market in several cities, and some of the housing sources have taken ultra-high premium rates. In beijing, the housing stock started at $8 million and ended at $1. 430 million; in shenzhen, the housing stock started at $1. 54 million, resulting in a turnover of $33,566,000 and a premium rate of 123 per cent。
Industry experts have indicated that the housing estate itself is somewhat scarce, and that, together with higher discounts on starting prices than market prices, market interest is high. In addition, the recent increase in the number of signals about market-level stability and the increased willingness of home buyers to enter the market have also led to a market for “quality standards”。
It's a big house
Since the beginning of the year, the “hospitals” method in several core cities has increased heat。
In beijing, the guanghai data research institute indicated that on 17 april, the central villa of the sun-yang “first opening room 7 (villa)” was shot at a price of $8 million, attracting 26 applicants and up to 161 bids, ultimately at $1. 430 million, with a premium of over 70 per cent. There is, however, some room for “leaking” compared to the market price of $16 million。
Shenzhen's mansion is more popular. On 14 april, the ali asset justice platform indicated that the central garden of shami lake, fukuda district, shenzhen city, had been set up at a marketable source, at a total price of $1. 54 million, and that there had been a strong bidding after the opening of the auction on the same day, when 18 participants, after 35 rounds of bidding, had finally been sold at $335. 6 million, with a premium of 123 per cent。
The description of the relevant subject item shows that the auction was based on the name “(2026) 粤 0304, no. 3416”, that a total of 203. 62 square metres of the building, now in a “mortgage seal” state, was seized in two cases, which were cleared when the judicial auction was concluded, and that there was a shortfall of $3919. 7 for property from january to may 2025。
According to another method taken from the ali auction platform, on 7 april, two units of 1102 on mount shenzhen street (1xiv) were located in 2 flats, located on the plain water bank in shenzhen city and located in the southern mountains. The auction was completed after 45 bids and 22 postponements at a price of $18. 81 million and $1. 55 million, which were ultimately negotiated at a premium of $35 million, representing a premium of 13. 52 per cent over the 1995 premium, which is also located in the highest residential area in shenzhen。
Hangzhou also has a hot house on board. On 20 april, the city of hangzhou's “top-notch” district opened with a set start-up price of $217. 9 million. The auction attracted a total of five participants and, after 52 rounds of bidding and several time-lapse transactions, the house was sold at a cost of $23431,000, or approximately $862 million (including parking space)。
However, during the high-profile auctions, there was also a streaming of the “top house” sources。
On 17 april, a set of methods for shooting the room was taken from the conjoining hall of the top mansion in guangzhou. The building, which covers 308. 69 square metres, was evaluated at a total cost of $8. 64 million, started at a total cost of $6,049. 55 million, and was registered by one person after ali's assets had been put up, attracting around 17,000 people. However, at the time of the formal auction, no one was expected to film and eventually announce the film. The relevant auction announcement indicated that there was currently no rental, but that there were still residents, in the case of a dispute concerning the division of commons。
Fighting for "quality markers"
Why is there a lot of "go-round" cases
The chief research fellow of the centre for housing policy studies in guangdong province, li yu jia, told me that there were a number of reasons behind the fact that the law of houses attracted fierce competitions and even high price premiums compared to ordinary homes. On the one hand, second-hand mansions are often located at the heart of cities, where the irreplicable and mature top-level combination of land resources is itself extremely scarce. For many buyers, these traditional plots and projects are scarce assets worth holding。
On the other hand, house-taking tends to have a discount rate, with “missing” space and price attractions. In addition, there have been a number of recent signals about market bottoming, and this sentiment has been transmitted to the market, leading to competition for “quality standards”. The emergence of high turnover and premium rates reflects market recognition of the value of the properties in the core regions and the gradual restoration of confidence。
It is worth noting that in large cities, the clearing and discount rates vary widely。
According to data from the institute, in the first quarter of 2026, the first-line urban method was to produce the 1963 housing stock. Of these, 276 were settled in beijing, with a clearing rate of 44. 5 per cent and a discount rate of 74. 3 per cent; 407 in shanghai, with a clearing rate of 59. 0 per cent and a trade rate of 75. 4 per cent; 809 in guangzhou, with a clearing rate of 47. 3 per cent and a trade rate of 76. 9 per cent; and 471 in shenzhen, with a clearing rate of 64. 9 per cent and a trade rate of 91. 5 per cent。
Lee woo-ja stated that shenzhen law is leading the way in the clearing of houses, on the one hand because shenzhen court of justice has vigorously pursued the policy of “cleaning up” and “paying each tax” to address institutionally the most painful point of the auction - delivery difficulties and unclear taxes and fees - and has significantly reduced the risk and uncertainty of buyers. In terms of demand structure, the characteristics of investment in shenzhen properties are more prominent, and when institutions predict that deep markets are expected to rebound, they may drive some investors into the market. In addition, shenzhen's second-hand mansions are mainly concentrated in areas such as shamy lake, the back sea and shenzhen bay, and are recognized as areas with high value added for assets。
The institute also indicated that in the first quarter of 2026 there was a double increase in the volume of the market set and the volume of the exchange, an increase in the activeness of the exchange, an increase in the clearing rate and a steady rise in the percentage of the exchange. In recent years, market-based transactions have become increasingly market-oriented, involving more institutions, banks and home buyers。
However, despite increased market rules and transparency, there is “learning” space for prices, and potential risks remain to be noted in the case of home buyers' participation in house shootings, and there are still many “fells” for house purchases。
Lee woo-ja told me that the first thing to be noticed by the participants was property rights and legal risks. “sold and sold rents” are one of the most common traps. If there is a legally valid long-term lease (even possibly forged in bad faith by the original owner) and even if the property is filmed, the tenant cannot be required to move, which may lead to “poaching of the house”. In addition, new owners have no right to ask for eviction if they have established residency rights for others。
The second is the risk of hidden costs, which typically need to be borne by the buyer in respect of property, utilities, heating, etc., that the original owner defaults on, for example, the estate. At the same time, while the trend of “various taxes” has emerged, some properties may incur high taxes and charges due to their special nature (e. G. Non-ordinary dwellings) and are clearly borne by the buyer。
The third is funding and delivery risk. The legal auction usually requires payment of the full amount in a very short period of time, and although some banks provide “legal loans”, pre-trial proceedings must be completed ahead of time, otherwise defaults due to the non-availability of funds may lead to the confiscation of the deposit. In addition, there may be uninformed quality problems, non-construction or renovation damage, and the cost of follow-up maintenance should be borne by itself。
