Core Insights - The auction of a standalone villa in Shenzhen's Overseas Chinese Town Pure Water Coast Phase 12 set a new record, selling for approximately 3.65 billion yuan, marking the highest price for a judicial auction property in Shenzhen and surpassing similar properties in Beijing and Shanghai [2][3][7] Auction Details - The villa, with a construction area of 639.35 square meters, achieved a transaction price of 57.09 million yuan per square meter, breaking the previous record for judicial auction properties in Shenzhen [2][3] - The auction attracted over 180,000 viewers and involved six bidders, starting from an initial price of 215 million yuan, which escalated through 118 rounds of bidding over four hours [2][3] - The final price exceeded market expectations, with a premium of 1.49 billion yuan, resulting in a premium rate of 69.3% compared to the starting price [3][6] Property Background - The original owner purchased the villa for 188 million yuan in December 2010, indicating a significant appreciation of over 1.76 billion yuan over 14 years, with an average annual increase [3][4] - The villa's unique features include its prime lakeside location and spacious layout, with an actual usable area of 2,500 square meters, making it a highly sought-after asset [4][5] Market Context - The auction reflects a broader trend in the high-end real estate market, where core assets continue to attract strong interest even during market adjustments [6][7] - The judicial auction market has shown resilience, with a notable increase in participation, as evidenced by a 62.48% year-on-year rise in the number of bidders across the national judicial auction market [6][7]

Core Insights - A villa in Shenzhen's Huashan City was sold for approximately 365 million yuan, setting a record for judicial auction prices in Shenzhen and surpassing similar properties in Beijing and Shanghai, making it one of the highest-priced residential properties in the national auction market [1][3] Auction Details - The auction attracted over 180,000 viewers and involved six bidders, starting from a base price of 215 million yuan, which escalated to 365 million yuan after 118 rounds of bidding over four hours [1][3] - The final price of 364 million yuan exceeded market expectations, with a premium of 149 million yuan, resulting in a premium rate of 69.3% [3] Property Characteristics - The villa has a total area of 639.35 square meters, with a market listing price of 520 million yuan in August, indicating a significant price difference of over 300 million yuan from the auction starting price [3][4] - It is part of the Potofino Pure Water Coast community, which consists of only 48 standalone villas, highlighting its scarcity and desirability [4] Market Trends - The luxury auction market in first-tier cities remains active, with significant transactions occurring in Shanghai and Beijing, indicating a sustained demand for high-quality assets [7] - The overall auction market has seen a 62.48% year-on-year increase in participation, with a total of 591,200 bidders in the first three quarters of 2025, reflecting a growing recognition of asset value [7]

Core Insights - A villa in Shenzhen's Huashan City was sold for approximately 365 million yuan, setting a record for judicial auction prices in Shenzhen and surpassing similar properties in Beijing and Shanghai, making it one of the highest-priced residential properties in the national judicial auction market [1][3][8] Auction Details - The auction attracted over 180,000 viewers and involved six bidders, starting from a base price of 215 million yuan, which escalated to 365 million yuan after 118 rounds of bidding over four hours [1][3] - The final price represented a premium of 149 million yuan over the starting price, with a premium rate of 69.3%, breaking the previous record of 232 million yuan for a similar property in Shenzhen [3][8] Property Characteristics - The villa has a total area of 639.35 square meters, with a market listing price of 520 million yuan earlier this year, indicating a significant price difference of over 300 million yuan from the auction starting price [3][4] - It is part of a luxury residential community with only 48 standalone villas, emphasizing its scarcity and unique living experience, including a prime lakeside location and access to high-quality amenities [4][8] Market Trends - The judicial auction market for luxury properties in first-tier cities remains active, with significant interest in core assets. For instance, a property in Shanghai sold for 27 million yuan at a price of 500,000 yuan per square meter, and a property in Beijing saw a total transaction exceeding 300 million yuan [7][8] - The overall judicial auction market has shown growth, with a 62.48% increase in participation compared to the previous year, indicating a robust demand for high-quality assets [7][8]

Core Insights - A villa in Shenzhen's Huashan City was sold for approximately 365 million yuan, setting a record for judicial auction prices in Shenzhen and surpassing similar properties in Beijing and Shanghai, making it one of the highest-priced residential properties in the national judicial auction market [1][3][11] Auction Details - The auction attracted over 180,000 viewers and involved six bidders, starting from a base price of 215 million yuan and escalating to 365 million yuan after 118 rounds of bidding over four hours [1][3] - The final sale price represented a premium of 149 million yuan over the starting price, with a premium rate of 69.3%, breaking the previous record for judicial auctions in Shenzhen [3][11] Property Characteristics - The villa, with a construction area of 639.35 square meters, was originally purchased for 188 million yuan in December 2010, reflecting a significant appreciation of over 176 million yuan over 14 years [4] - The property is part of a luxury community with only 48 standalone villas, emphasizing its scarcity and desirability [5] Market Context - The auction's high engagement reflects a broader trend in the luxury real estate market, where core assets continue to attract significant interest, even amid market adjustments [10][11] - The judicial auction market has shown resilience, with a notable increase in participation and transaction volume, indicating a robust demand for high-quality assets [10][11]