Core Viewpoint - The auction of a high-quality school district property in Hangzhou, specifically the combination of "Xuejun Primary School + Shisan Middle School," attracted attention due to its low bidding activity despite its desirable features [1][4]. Group 1: Property Details - The property located at 3-2 Xianing Lane has a building area of 141.15 m², featuring a duplex layout with 2 bedrooms, 2 living rooms, 1 kitchen, and 1 bathroom on the first level, and 1 bedroom, 1 bathroom, and a terrace on the second level [1]. - The starting auction price was set at 5.967 million yuan, translating to an initial price of approximately 42,300 yuan per m² [1]. Group 2: Market Context - The area around Xianing Lane has undergone renovations, improving its environment and amenities, including the installation of elevators in the building [4]. - Despite the property's strong attributes, including being in a sought-after school district and having a higher usable area compared to typical elevator buildings, it received no bids until 8 minutes before the auction ended, ultimately selling at the base price [4]. - Historical data shows that school district properties in this area have seen significant price fluctuations, with a notable drop in recent years. For instance, a property in the same district sold for over 15,000 yuan per m² in 2018, while recent transactions have seen prices fall below 5,000 yuan per m² [7][8].