Core Insights - The auction of two commercial properties in Kunming attracted significant attention due to their ordinary appearance but strategic location in a thriving community commercial area [1][4] - The properties, with a total area of 507.8 square meters, had an initial auction price set at 374.2 million, which was 75% of the assessed value of 498.9 million [1][4] - The final auction price reached 751.42 million, more than double the starting price and 50% above the assessed value, indicating strong demand for commercial properties in the area [4] Auction Details - The auction process for the two properties involved an impressive 989 bids, lasting over two hours, with each bid increment set at 2,000 [4] - The final price per square meter was calculated at 14,797.6, reflecting the competitive nature of the bidding [4] - The overall auction results for commercial properties in Kunming show a low transaction rate, with only 20.56% of commercial properties sold last year [4] Market Context - Kunming is noted for having a high volume of auctioned properties, with 9,325 properties auctioned last year and 4,658 in the first three quarters of this year [4][5] - The properties belonged to Yunnan Hengyu Real Estate Company and are part of the Jin Kun Century project, which has a high occupancy rate and a dense population in the surrounding area [5][6] - The auctioned properties were previously rented out to a restaurant and a pharmacy, which likely contributed to their attractiveness to bidders [5] Comparative Analysis - In contrast to the successful auction of these two properties, two other similar properties from the same developer failed to sell in previous auctions, highlighting the variability in demand for commercial properties [8] - The total area of the five properties auctioned from Yunnan Hengyu was 1,222 square meters, with a total assessed value of 1,186.1 million, indicating a broader trend of competitive bidding for certain properties [7]
罕见!28个买家竞购昆明两间法拍商铺,出价989次才成交
Sou Hu Cai Jing·2025-10-22 13:14