亏损千万，顶流豪宅成了 “赔钱货”？

Core Viewpoint - The article highlights the significant losses experienced by homeowners in the luxury real estate market in Hangzhou, particularly at the Hangzhou Yihua Courtyard, where properties have been sold at substantial losses despite being marketed as new and desirable [1][2][3]. Group 1: Property Sales and Losses - A 225㎡ unit in the second phase of Hangzhou Yihua Courtyard was sold for 19.8 million, significantly below market value, leading to a loss of nearly 10 million for the previous owner who bought it for around 26 million three years ago [1]. - Another unit, a 134㎡ in the first phase, was purchased for 14.5 million but sold for only 12.5 million, resulting in a loss of 200,000 [2]. - The article notes that larger units, such as the 225㎡, have incurred even greater losses compared to smaller units, with previous owners facing losses of several million [3]. Group 2: Market Trends and Comparisons - The luxury real estate market in Hangzhou is experiencing declines, but the situation is less severe compared to other major cities like Shenzhen and Beijing, where losses can reach tens of millions [4]. - In Shenzhen, a 365㎡ unit that sold for 125 million in 2021 is now valued at only 71 million, reflecting a loss of 54 million over three years [4]. - The article emphasizes that while luxury properties in central areas may be more resilient, the absolute dollar losses can be substantial due to their high price points [5]. Group 3: Investment Perspectives - Many buyers in the Hangzhou Yihua Courtyard market believed that luxury properties would retain value and serve as a hedge against market fluctuations, but the reality has proven otherwise [5]. - The expectation of future price increases has not materialized, leading to a reassessment of the perceived value of luxury properties in the context of broader market conditions [5]. - The article suggests that the high entry costs and potential for significant losses create a challenging environment for investors, particularly those using leverage [5].