Sou Hu Cai Jing·2025-11-10 02:36Core Insights - Recent trends show banks like Agricultural Bank of China and China Construction Bank entering the real estate market with "bank direct supply houses," offering properties at prices up to 25% lower than market value, such as a property priced at 2 million being sold for 1.5 million [1][3] - The low-priced properties are part of banks' strategy to accelerate the disposal of non-performing assets, primarily consisting of collateral obtained through judicial processes, with banks opting for direct sales to quickly recover funds [3][4] - The direct supply houses offer clear property rights, alleviating concerns over hidden debts, but the low prices also indicate challenges in the judicial auction market, where the average discount rate for auctioned properties has been 31% since June, leading to increased instances of unsold properties [4][5] Investment Perspective - From an investment standpoint, bank direct supply houses present potential opportunities for bargain purchases; however, investors should be cautious as these properties are often located in third and fourth-tier cities or non-core areas, which may lead to liquidity issues when reselling [5][6] - Investors should remain patient and monitor price fluctuations, as banks may frequently adjust prices to achieve quick sales, making it essential to understand local real estate markets to ensure successful future transactions [5][6] - Overall, while bank direct supply houses offer potential investment opportunities, careful consideration of property location, liquidity, market trends, and pricing strategies is crucial for minimizing risks [6]