总价从270万跌到98万，黄埔第一网红盘太惨了吧！

Core Viewpoint - The once-celebrated Vanke Happiness Yu has transformed from a symbol of wealth in the Guangzhou real estate market to a source of pain for some investors, reflecting the broader challenges faced in the property sector [1][14]. Market Performance - Vanke Happiness Yu was a unique symbol in the Guangzhou real estate market, with transaction volumes sometimes exceeding those of other properties for an entire year [3]. - The property experienced a significant price increase from just over 20,000 yuan per square meter in mid-2020 to over 30,000 yuan per square meter by mid-2021 [7]. - In 2021, a 71.51 square meter unit sold for 2.7 million yuan, with a price per square meter reaching 37,700 yuan [5][8]. Price Decline - Since 2021, similar two-bedroom units have seen a price drop of nearly 500,000 yuan annually, with current prices for the same unit type falling below 1 million yuan [8]. - A recent transaction for a 72 square meter unit was completed at 980,000 yuan, translating to approximately 13,000 yuan per square meter [8]. - The property has undergone nine price adjustments and had a low transaction rate of 0.4%, indicating a challenging sales environment [9]. Long-term Trends - The property was initially priced at around 8,500 yuan per square meter in 2014, with a staggering increase of 218% over six years, peaking at 37,000 yuan per square meter in 2021 [13]. - Current prices have plummeted to around 15,000 yuan per square meter, with some units even dropping to 13,000 yuan per square meter, reflecting a 63.7% decline from the peak price [13]. Market Conditions - The anticipated benefits from infrastructure and planning in the Knowledge City area have not materialized, leading to slow job growth and insufficient population influx [14]. - The cancellation of the 2改5 policy in 2023 has resulted in a surge of investment properties entering the market, with listing rates soaring to 9%, significantly above the industry safety line of 3% [14]. - Many owners are reluctant to sell at a loss, leading to a rise in short-term rental conversions, which have caused various community issues [14].