Core Insights - The auction market for judicial properties in October 2025 continued to show high transaction volumes, with a total of 5,169 units sold, representing a 3% month-on-month increase and an 8% year-on-year increase [1][6] - The transaction rate for judicial properties reached 21.4%, up 2.1 percentage points from the previous month, indicating a return to a relatively high level for the year [1][13] - A record-breaking transaction occurred for a villa in Shenzhen, which sold for 364 million yuan, with a premium of 69.5%, setting a new record for judicial property prices in Shenzhen [2][4] Transaction Details - The villa in question has a building area of 639.35 square meters and was sold at a unit price of 57.09 million yuan per square meter, surpassing similar properties in Beijing and Shanghai [2][4] - The auction attracted over 200,000 viewers and started with a minimum bid of 215 million yuan, with six high-net-worth buyers participating, leading to 118 rounds of bidding [2][4] - The property was originally purchased for 188 million yuan in December 2010, indicating a significant appreciation in value over 14 years [4] Market Trends - In October, the total transaction amount for judicial properties reached 5.9 billion yuan, with 66% of properties sold at a premium [6][9] - Shenzhen led the market with a transaction amount of 840 million yuan, followed by Shanghai at 580 million yuan and Hangzhou at 440 million yuan [9] - The auction of a high-end club in Xiamen also saw a high premium, selling for 112 million yuan, reflecting strong demand for premium assets [12] City Performance - Guangzhou had the highest number of judicial property transactions at 205 units, with Wenzhou, Hangzhou, and Ningbo following closely [9] - Shenzhen's transaction rate was the highest among major cities at 45%, with several other cities also exceeding 30% [16] - The trend of ordinary second-hand properties being sold through judicial channels is becoming more common, with 9.4% of transactions being normal sales, indicating a shift in the market dynamics [19]