越来越多人在偷偷收购“步梯房”？内行人说出大实话，太真实了...

Core Viewpoint - The resurgence of interest in older walk-up apartments, particularly top-floor units, is driven by their affordability and potential for future value appreciation through urban redevelopment and renovation projects [1][3]. Group 1: Market Dynamics - Older walk-up apartments are being purchased due to their significantly lower prices compared to newer developments, with examples showing prices as low as 200 million yuan for 60 square meters in Shenzhen and 10 million yuan for 80 square meters in Tonghua [3]. - The price difference for top-floor units can be substantial, with savings of 40-50 million yuan for a 100 square meter apartment in Shanghai compared to lower floors, creating a profit margin for investors [3]. Group 2: Investment Opportunities - Investors are betting on potential demolition and compensation, as compensation is calculated based on area rather than floor level, leading to high return rates if redevelopment occurs [5]. - Renovation of older apartments can significantly increase their value, with post-renovation price premiums of 15% and rental yields rising by 15-20%, making them attractive for rental income [6][7]. Group 3: Government Policies - Local governments are actively purchasing older properties for redevelopment, which boosts market confidence and provides a safety net for investors [9][11]. - Policies supporting the acquisition of older properties are making previously unsellable units more appealing, as they may be eligible for government buyouts [9]. Group 4: Location and Demand - The location of older walk-up apartments is crucial; those near public transport and essential services are more desirable, ensuring a steady demand for rentals and easier resale [12]. - Low total price points for small units are attracting budget-conscious investors, with quick turnover potential in markets like Weihai [14]. Group 5: Risks and Considerations - While top-floor units offer high potential returns, they also come with risks such as uncertain demolition plans and high maintenance costs due to aging infrastructure [16].