格隆汇1月12日｜据中指研究院，2025年，法拍市场呈现挂拍量、成交量、成交金额及均价同比下滑态 势，全年挂拍71.9万套（同比降6.6%），成交16.9万套（同比降4.4%），总成交金额2536.2亿元（同比 降23.6%），平均折价率74.1%；物业类型以住宅为核心（成交金额占比51.9%），拍卖阶段二拍成交占 比最高（46.9%）。区域分布上，高价房源集中于一线及核心二线城市，深圳、上海、北京构成第一梯 队。同时区域分化加剧，重点城市表现分化显著，交易结构优化，二拍成为核心成交渠道，竞买人更倾 向于在价格更具吸引力的阶段出手。法拍房市场呈现独立周期性趋势，月度成交量、成交金额受法院执 行节奏影响较大，波动特征显著。 ...

Group 1 - The core viewpoint of the article indicates a decline in the national auction housing market, with a total of 649,000 properties listed for auction from January to November 2025, representing a year-on-year decrease of 6.5% [1][2] - The final transaction volume reached 152,000 units, down 3.5% year-on-year, with a total transaction amount of 225.39 billion yuan, reflecting a significant decline of 23.9% [1][2] - The average transaction price was 4,635 yuan per square meter, showing a year-on-year decrease of 13.5%, with an average discount rate of 74.3% [1][2] Group 2 - In terms of property types, residential properties dominated the market, accounting for 53.3% of the total transaction amount at 120.09 billion yuan, followed by commercial and industrial properties at 22.9% and 16.7%, respectively [1][2] - The auction stages revealed that the second auction became the primary channel for transactions, with 72,000 units sold, representing 47% of total transactions, surpassing the first auction (38.6%) and the sale phase (11%) [1][2][11] Group 3 - In November 2025, the national auction market saw 101,000 properties listed, a year-on-year decrease of 15.4%, with 15,000 units sold, down 13.5%, and a total transaction amount of 20.72 billion yuan, reflecting a 37.4% decline [2][19] - The clearance rate for the auction market was 23.5% for the year-to-date period, with a notable drop in November to 14.4% [2][19] Group 4 - The residential auction market saw 294,000 properties listed from January to November 2025, a year-on-year decrease of 9.9%, with 102,000 units sold, down 2.4% [12][19] - In first-tier cities, 6,345 residential auction properties were sold, totaling 32.81 billion yuan, with an average price of 36,318 yuan per square meter [12][19]

12月2日，杭州主城区3套黄金地段的豪宅法拍房同时拍卖，但结果大不同—— 其中，望江新城板块的次新豪宅翡翠海岸一套建筑面积161.05㎡的法拍房源以1079万元起拍，吸引了5人报名，经过55轮竞价，最终以1250.945万元成交， 折合成交单价约7.76万元。 而市中心寸土寸金的武林广场板块则有两套房龄10年左右的中生代豪宅法拍，分别是一套建筑面积173.27㎡的武林府房源，以847.6万元起拍，折合起拍单 价约4.89万元；另一套建筑面积200.33㎡的新华园房源，以1001万元起拍，折合起拍单价约5万元。起拍单价都不算高，但这两套最后却因为无人报名，双 双流拍。 2/6 拍 | 已流拍 |2025-12-02 10:00:00 杭州市拱墅区武林府5幢南楼801室房产 当前价 ¥8,476,000 0人报名 0次出价 678人提醒 13603次围观 作为曾经炙手可热的武林豪宅，新华园由绿城精心打造，武林府则是大家房产的心血之作，当初开盘时都曾吸引了诸多实力买家。为何这两套武林府和新 华园法拍房源无人问津？ 对此，一位手持千万元打算在市中心捡漏的意向买家李先生表示，他之前就关注了这两套法拍房，但发现各自都有一 ...

最近，广州法拍房市场发生的故事，比狗血伦理剧还要刺激。 先是前段时间，中海花城湾一套127平三房历经24轮竞价，以约8.46万/平的单价成交，让不少人哀嚎"跌回2018"年。 昨天，保利天悦一套199㎡的法拍房，却从1550万的起拍价被加到2395万，最后成交价高达12万/平，高于市场价成交，我朋友圈不少同行都说"疯了"。 同一座城市，同一个市场，同步上演截然不同的剧情。 一个巨大的问号浮现出来：广州的法拍市场，到底怎么了？ 今天，咱们就来扒一扒，广州法拍房市场，最近出现的几个有意思的变化。 亏本的次新房 在增加 第一个明显的变化，是次新房源的增加。 我们深扒了一下广州法拍平台，发现如今法拍平台上，收楼时间5年内的房源占比大大增加，甚至有些房源还未收楼， 就已经上了法拍。 像是一套中海观云府的法拍房，建面164平5房，起拍价781万，折合单价仅4.7万/平，相当于市场价7折。 据了解，这套房源位于1号楼，还未正式交付。 1号楼是当年项目的首开楼栋，164平户型开盘价基本在7.6万/平左右。目前，贝壳上同面积段房源的二手挂牌价在6.4-8.4万/平左右。 | 排序 · 144㎡以上 ~ | | --- | | ...

Core Insights - Baoneng Group's Baoneng City Limited has a non-performing debt of 14.081 billion yuan being disposed of by CITIC Trust, which includes a principal of 10 billion yuan, remaining interest of 2.265 billion yuan, and other fees of 1.816 billion yuan [1] - The collateral for the debt consists of 160 residential-commercial mixed-use properties in Baoneng City, Nanshan District, Shenzhen [1] - CITIC Trust has initiated legal proceedings against the debtor, seeking repayment and asserting priority rights over the auction proceeds of the collateral [1] Company Summary - Baoneng Group has faced multiple asset disposals this year, with properties in Baoneng City frequently appearing in the auction market [2] - In March, eight properties from the same community were successfully auctioned, with total transaction prices ranging from approximately 13.26 million yuan to 34.56 million yuan [2] - Currently, there are 69 units for sale in Baoneng City, with an average listing price of 108,502 yuan per square meter as of October [2] Industry Summary - The national auction market for distressed properties has seen a decline in both volume and price, with a 5.7% decrease in the number of properties auctioned in the first ten months of the year [3] - The total transaction amount for auctioned properties reached 204.87 billion yuan, down 22.5% year-on-year, with an average price of 4,668 yuan per square meter, reflecting a 12.3% decrease [3] - Luxury properties remain a hot topic in the auction market, with high-net-worth buyers actively seeking deals in this segment due to the scarcity of prime locations [3]

潮新闻客户端 记者 徐淑竞 地处杭州市中心贴沙河畔的兰园，是绿城第二代高层产品的代表楼盘，当初跟武林壹号差不多同时期开发，是那个年代市中心的标杆豪宅之一。 今天上午，一套建筑面积191.75㎡的兰园高楼层房源在法拍平台拍卖。该房源单元格局为两梯两户，室内户型布局为4室2厅1厨3卫3阳台，室内带精装修， 房子起拍价1666万元，折合起拍单价约8.69万元。虽然有将近1万人次围观，但最终因为无人报名而流拍。 兰园距离武林广场仅约2公里，住宅外立面采用干挂石材。园区虽然不大，但规划设计定位都很高端，如小区带有无边镜面泳池。2011年兰园首开时，主力 户型160㎡～200㎡，精装均价高达约5.38万/㎡。据悉，当初室内精装标准很高，在4000元/㎡～8000元/㎡。 不过兰园交付后，在二手房市场的表现不及武林壹号。兰园整个项目有酒店式公寓、小户型、洋房、高层大户型等多种产品，不像武林壹号，户型几乎都是 300㎡以上，面向的客户圈层相对更纯粹。 近年来，兰园在法拍房市场的价格呈现明显的下滑趋势。2021年和2022年期间，兰园有3套法拍房源都以单价约7.7万元成交，但今年兰园有2套法拍房源上 架，最终成交单价分别是6. ...

Group 1 - The national judicial auction market for real estate has shown a "decline in both volume and price" in the first ten months of this year, with a total of 605,000 properties listed for auction, a year-on-year decrease of 5.7% [1] - The total number of auction sessions reached 1,058,000, with 138,000 properties successfully sold, reflecting a 2.4% year-on-year decline, and a clearance rate of 22.8% [1] - The total transaction amount for judicial auctions was 204.87 billion yuan, down 22.5% year-on-year, with an average transaction price of 4,668 yuan per square meter, a decrease of 12.3% [1] Group 2 - The luxury property auction segment remains a market hotspot, attracting significant attention compared to ordinary auction properties, with high-net-worth buyers particularly interested in scarce locations [2] - A notable transaction occurred in Shenzhen, where a villa sold for over 364 million yuan, setting a record for the highest price in judicial auctions, with a price per square meter reaching 570,000 yuan [2] - In Shanghai, a luxury property auction saw a final price of 42.25 million yuan, reflecting a 54.47% premium over the starting price, indicating strong competition among bidders [2] Group 3 - Buyers participating in luxury property auctions perceive better value compared to the secondary market, as they can acquire high-quality properties that are scarce in the traditional market [3] - Core luxury properties exhibit stronger resilience during market adjustments, reflecting the long-term confidence of high-net-worth individuals in scarce real estate [3] - The transparency of the auction mechanism and improved platform services may position this market as a leading indicator for asset allocation strategies [3]

Overall Market Situation - The national auction housing market shows a general trend of "declining volume and price," with significant regional differentiation [1][28] - A total of 605,000 properties were listed for auction nationwide, a year-on-year decrease of 5.7%, with 138,000 properties sold, down 2.4% year-on-year, and a total transaction amount of 204.87 billion yuan, down 22.5% year-on-year [2][28] - The average transaction price was 4,668 yuan per square meter, a year-on-year decrease of 12.3%, with an average discount rate of 74.4% [2][28] Residential Auction Market - In the residential auction segment, 277,000 properties were listed from January to October 2025, a year-on-year decrease of 9.0%, with 92,000 properties sold, down 1.4% year-on-year, and a total transaction amount of 109.71 billion yuan, down 16.6% [9][28] - The average transaction price for residential properties was 11,897 yuan per square meter, with a discount rate of 77.5% [6][28] Regional Market Trends - In key monitored cities like Chongqing, the number of residential auction properties sold increased by 21.1% year-on-year, while some core cities like Shanghai and Shenzhen had clearance rates exceeding 60%, indicating significant regional market vitality differences [1][28] - In Chongqing, from January to October 2025, the auction market saw 53,000 properties listed, with a total transaction amount of approximately 7.18 billion yuan, a year-on-year increase of 2.3% [16][28] Auction Dynamics - The auction process includes multiple stages such as first auction, second auction, and resale, with the first auction discount rate ranging from 0.7 to 1.0 times the assessed value [7][28] - In Chongqing, 37.4% of residential properties were sold in the first auction stage, while 53.7% were sold in the second auction stage, indicating a higher activity level in the second auction [22][28] Price and Discount Trends - The average discount rate for residential properties in Chongqing was 67.3%, with the first auction discount rate reaching 78.7% [25][28] - The average transaction price for residential properties in Chongqing was 6,012 yuan per square meter, reflecting the overall market trend of declining prices [16][28]

Core Insights - The national auction housing market in China showed a "decline in both volume and price" from January to October 2025, with significant regional disparities observed [1][31]. Overall Auction Market Situation - A total of 605,000 auction properties were listed nationwide, representing a year-on-year decrease of 5.7% - The final transaction count was 138,000 properties, down 2.4% year-on-year - The total transaction value reached 204.87 billion yuan, a decline of 22.5% year-on-year - The average transaction price was 4,668 yuan per square meter, down 12.3% year-on-year, with an average discount rate of 74.4% [2][31]. Residential Auction Market Situation - For residential auction properties, 277,000 units were listed, a year-on-year decrease of 9.0% - The number of transactions was 92,000 units, down 1.4% year-on-year, with a total transaction value of 109.71 billion yuan, a decline of 16.6% year-on-year [9][31]. Key City Performance - In key monitored cities like Chongqing, the number of residential auction transactions increased by 21.1% year-on-year, while major cities like Shanghai and Shenzhen had clearance rates exceeding 60%, indicating significant regional market vitality differences [1][31]. - In first-tier cities, 5,791 residential auction properties were sold, with a total transaction value of 30.33 billion yuan and an average price of 36,730 yuan per square meter [13][31]. Monthly Trends - In October 2025, the national auction market saw 106,000 properties listed, a year-on-year decrease of 12.5% - The final transaction count was 16,000 properties, down 7.3% year-on-year, with a total transaction value of 19.34 billion yuan, a decline of 32.5% year-on-year [2][31].

Core Viewpoint - The recent auction of a luxury property in Shenzhen's Nanshan District has set a new record for the highest transaction price of a judicial auction property in China, with a final bid of 365 million yuan, reflecting a 70% premium over the starting price [1][10]. Auction Market Insights - The auction involved intense competition among six wealthy bidders, lasting nearly four hours, resulting in a price per square meter of approximately 57,000 yuan, which is unprecedented in the judicial auction market [1][2]. - The property, located in a prime area, is a unique "king unit" with significant features, including a lake view and a large private garden, contributing to its high auction price [11][12]. Market Conditions - Despite this record-breaking sale, the overall judicial auction market remains under pressure, with high supply and declining transaction volumes and prices [7][8]. - Recent data indicates an increase in mortgage default rates, suggesting ongoing challenges in the real estate market [5][6]. Debt and Financial Trends - The report highlights that the debt clearance process for real estate companies is progressing faster than that for individual homeowners, with a significant peak in debt maturities expected in 2025 [9]. - The total debt maturity for real estate companies is projected to reach 525.7 billion yuan in 2025, indicating a growing trend towards debt restructuring and reduction [9]. New Property Launches - The recent launch of new properties in the Chiwan area has seen prices drop to historical lows, with discounts reflecting the challenging market conditions [16][17]. - The average price for new properties in this area has fallen to around 71,544 yuan per square meter, significantly lower than prices four years ago [18][19].