Core Viewpoint - The emergence of "bank direct supply housing" is significantly impacting the Chinese real estate market, with major banks like Agricultural Bank, Construction Bank, and Transportation Bank engaging in direct property sales primarily from non-performing loan disposals [3][6]. Group 1: Bank Direct Supply Housing - Major banks are increasingly adopting a direct sales model for real estate, which is a departure from traditional debt disposal methods, allowing for quicker recovery of non-performing assets [6][8]. - The scale of direct property sales is experiencing explosive growth, with local banks and rural credit cooperatives notably increasing their listings. For instance, Lanzhou Bank has over 1,779 properties listed, a 50% increase from the previous year [7][8]. - The direct sale model reportedly offers a 15%-20% higher recovery rate for non-performing assets compared to traditional debt transfer methods, and the processing time is reduced by over one-third [8]. Group 2: Price Advantages and Risks - "Bank direct supply housing" typically offers significant price advantages, with properties priced 10%-30% lower than comparable second-hand homes. For example, a property listed by Lanzhou Rural Commercial Bank is priced at 2,300 yuan per square meter, while similar properties are listed at 33,000 to 46,000 yuan per square meter [8][10]. - Despite the attractive pricing, potential buyers must be cautious as the low prices may indicate underlying issues with the properties, such as lack of liquidity or legal complications [10][11]. Group 3: Impact on Real Estate Market - The large-scale direct sales by banks are expected to challenge the current property price system, potentially leading to further declines in both second-hand and new home prices [16][18]. - The influx of lower-priced bank properties could exacerbate the existing pressures on the real estate market, leading to a downward spiral in property values and increased hesitation among buyers [18].