“睡城”改称呼了？房价一路下跌，却仍没人买账

Group 1 - The article discusses the transformation of Yanjiao from a "sleeping city" to a "ghost town," highlighting the drastic decline in property prices from 40,000 yuan per square meter to below 20,000 yuan [1][21][37] - Yanjiao was once considered a desirable location for Beijing's workers due to its proximity and lower housing prices, leading to a rapid increase in demand and property prices [3][5][11] - The peak of Yanjiao's real estate market occurred in 2017, driven by policies in Beijing that restricted housing purchases, prompting many potential buyers to turn to Yanjiao [9][13][19] Group 2 - The decline in Yanjiao's property market is attributed to a combination of strict regulatory measures, including increased purchasing thresholds and tightened mortgage policies, which significantly reduced market demand [21][24][26] - Overdevelopment in the region led to an oversupply of housing, with the number of new properties doubling from 2017 to 2021, resulting in a surplus that further pressured prices downward [28][30] - The economic foundation of Langfang, where Yanjiao is located, is weak, lacking sufficient job opportunities and failing to attract talent, which exacerbates the decline in the real estate market [32][34]