Core Viewpoint - The emergence of a "price alliance" among homeowners in the Shanghai Yangpu District's Rongxin Century Jiangwan, with multiple similar properties listed at a uniform price of 14.6 million yuan, reflects a strategic attempt to stabilize property values amidst market fluctuations [1][8]. Group 1: Market Dynamics - The price of small units in the Century Jiangwan community peaked at 19,000 to 20,000 yuan per square meter before experiencing a significant decline due to market adjustments [1]. - Current listings show two 93-square-meter units priced at 14.6 million yuan, with others slightly varying around 14.59 million and 14.7 million yuan, indicating a price per square meter exceeding 15,000 yuan [1]. - The average listing price for second-hand homes in Century Jiangwan has surpassed 15,000 yuan per square meter, while the average transaction price in September was 13,500 yuan per square meter, highlighting a notable price discrepancy [8]. Group 2: Buyer Sentiment - Potential buyers express hesitation towards the 14.6 million yuan listings, noting that for the same price, larger and more desirable properties could be acquired in other areas [9]. - The lack of viewings for multiple listings, with some properties recording zero viewings in the past 30 days, indicates a cooling buyer sentiment and a rational market response [9]. - Buyers are considering new developments, such as Jianfa Haichen, which offers more competitive pricing at approximately 11,600 yuan per square meter, further emphasizing the price gap with existing second-hand homes [8]. Group 3: Price Trends and Comparisons - The price of school district properties in the New Jiangwan area has shown resilience, with previous transaction prices for smaller units reaching close to 20,000 yuan per square meter [10]. - The current market conditions have led to a perception that school district premiums are diminishing, with some agents suggesting that the value of school districts is now almost negligible [10]. - In contrast, other neighborhoods, such as Zhujiatan, have seen significant price reductions, with current listings reflecting prices comparable to those from 2015, indicating a broader trend of price stabilization across the market [12].