厦门楼市彻底崩溃！原443万的房价跌至160万！

Core Viewpoint - The recent sale of a property in Xiamen at a significantly reduced price has sparked concerns about a potential collapse in the local real estate market, with many observers suggesting that Xiamen's housing prices have plummeted dramatically over the past few years [1][3]. Price Trends - A property in the "Lian Yue Li" community sold for 1.6 million yuan (approximately 160,000,000 CNY) at a price of 25,712 yuan per square meter, a stark contrast to the 4.436 million yuan (approximately 443,600,000 CNY) price for the same type of unit in June 2022, indicating a 65.8% drop in price [3]. - The average price of new residential properties in Xiamen has fallen to 39,383 yuan per square meter as of October 2023, down from previous averages of 70,000 to 80,000 yuan per square meter [9]. - The average listing price for second-hand residential properties has also decreased to below 35,000 yuan per square meter, currently at 34,978 yuan [9]. Market Dynamics - Xiamen's real estate market has been characterized by high prices relative to its economic standing, with the city ranking around 30th in GDP among Chinese cities, yet maintaining high property prices that are not reflective of its economic fundamentals [5]. - The price decline has been particularly pronounced in the island area, with some regions experiencing drops of over 20% from previous highs [11]. - Observers note that the lack of industrial development and economic drivers in Xiamen may lead to further declines in property values, with some predicting prices could drop to around 10,000 yuan per square meter in the coming years [13][14].