文鼎苑顶跃拍出3.9万元/㎡，跌回2016年初水平

Core Insights - The recent auction of a property in the Wen Ding Yuan development highlights a significant decline in real estate prices, with a recent transaction at 39,000 RMB per square meter, reverting to levels seen in early 2016 [1][3][4] - The property, which had previously seen high demand due to its school district, has lost its appeal, leading to a drastic reduction in both price and transaction volume [2][7] Price Trends - The latest auction for a 153 square meter top-floor unit started at 5.85 million RMB, with a final sale price of 6.014 million RMB, translating to a unit price of 39,000 RMB [2][3] - The initial listing in November 2022 had a starting price of 7.0384 million RMB, equating to 46,000 RMB per square meter, but failed to attract any bidders [2][3] Transaction Volume - The monthly transaction volume for Wen Ding Yuan has decreased significantly, averaging around 5 units per month in 2023, compared to 8 units per month in 2022 [4][7] - The peak transaction months in 2022 saw 17 units sold, while 2023 has seen months with as few as 2 transactions [4][7] Historical Context - Wen Ding Yuan was launched in 2005 with an initial price of 7,900 RMB per square meter, benefiting from the introduction of a local school, which drove prices up to 128,000 RMB per square meter by 2021 [7] - The property has experienced a dramatic decline in perceived value due to changing educational policies and shifting buyer preferences, leading to a reduced competitive edge in the market [7]