Core Viewpoint - The emergence of "1 yuan starting bid" properties, particularly seaside homes, raises concerns about the underlying risks and marketing tactics involved in these auctions [2][4][11]. Group 1: Auction Characteristics - A significant number of properties, particularly seaside homes, are being auctioned with starting bids as low as 1 yuan, with 278 properties listed at this price in June 2025, primarily from Shandong's Weihai [4][5]. - The auctioned properties are mostly commercial auctions rather than judicial ones, meaning they do not come with the same guarantees regarding property condition or legal issues [7][10]. - Many properties listed at 1 yuan ultimately sell for prices that align with or exceed market value, indicating that the low starting price is a marketing strategy rather than a reflection of true value [6][8]. Group 2: Risks and Concerns - Buyers face various risks, including hidden costs such as transaction taxes and platform fees, as well as potential issues with property verification and transaction legitimacy [2][9]. - The auction process may involve manipulation, where intermediaries artificially inflate prices during bidding to create a sense of competition [8][9]. - Non-judicial auctions lack the protections typically associated with judicial sales, leaving buyers vulnerable to issues such as undisclosed debts or legal disputes over property rights [10][11]. Group 3: Market Context - The rise of these low-starting bid auctions is influenced by a slowdown in the second-hand housing market, prompting sellers to explore alternative sales methods [11]. - There is a call for better regulation of the auction process to protect buyers and ensure transparency in property transactions [11].