北京大户型房价，暴跌！

Core Viewpoint - The recent decline in Beijing's high-end residential market is driven by a combination of policy adjustments, supply-demand imbalances, economic conditions, and product quality issues, leading to a significant drop in property prices and increased selling activity among homeowners and investors [10][11][12][15]. Group 1: Market Trends - The housing market is experiencing a downturn, with homeowners selling properties to cover losses or invest elsewhere, particularly overseas [2]. - The demand for large units has decreased, with only first-time buyers actively purchasing, while larger homes are becoming harder to sell [2]. - In a notable case, a 369 square meter apartment sold for 29.5 million in April 2025, down from 35.6 million in January 2025, reflecting an 18% decline in just three months [3][4]. Group 2: Price Dynamics - The price of a similar unit dropped from 38.35 million in 2023 to 37.3 million in March 2024, indicating a minor decline before a more significant drop [5]. - A large unit sold for 25.7 million in April 2025, down 27% from 35 million in September 2022, showcasing the drastic price reductions in the market [9]. Group 3: Supply and Demand Factors - The supply of second-hand homes has surged, with listings increasing from under 130,000 to approximately 138,000, indicating a growing number of sellers [9]. - Approximately one-third of current sellers are investors, leading to significant price cuts on luxury properties, with some units dropping by over 1 million [11]. Group 4: Economic and Policy Influences - Recent policy changes in October 2024 aimed at stimulating demand have led to a temporary increase in transaction volumes, but developers are responding with price reductions to attract buyers [10][11]. - The overall economic slowdown and uncertainty in income expectations have weakened the investment appeal of high-end residential properties, shifting buyer focus towards more stable assets [12]. Group 5: Quality and Value Considerations - The market is witnessing a correction in property values, with some projects facing price drops due to quality issues, such as poor construction or unfavorable locations [13]. - For instance, a project near a heat plant saw prices fall by 40% due to noise concerns, highlighting the importance of quality in maintaining property values [13]. Group 6: Future Outlook - The current market dynamics suggest a potential bifurcation, where high-quality, scarce properties may stabilize in price, while those lacking in quality or location may continue to face downward pressure [15]. - Predictions indicate that while new home price declines may slow in 2025, a full recovery in market confidence will depend on broader economic improvements and sustained policy support [15].