Core Viewpoint - The first batch of Guangzhou's allocated affordable housing, including Jia Cui Yuan and Luo Gang He Yuan, began selection on June 18, with significant participation and notable abandonment rates indicating market interest and buyer behavior [1][5]. Group 1: Selection Process and Participation - On the first day, approximately 240 participants selected around 150 units in Jia Cui Yuan, resulting in an abandonment rate of about 37.5% [2]. - In Luo Gang He Yuan, 180 participants selected around 120 units, with an abandonment rate of approximately 33.3% [5]. - The total number of units available in Jia Cui Yuan is 400, with a base selling price of 17,300 yuan per square meter, while Luo Gang He Yuan has 936 units priced at 15,800 yuan per square meter [7]. Group 2: Market Dynamics and Buyer Behavior - The number of participants in the selection process was roughly double the available units, indicating strong interest in the affordable housing market [7]. - A significant percentage of buyers opted for three-bedroom units, with 93% in Luo Gang He Yuan and 88% in Jia Cui Yuan, suggesting a preference for larger family accommodations [7]. - The initial abandonment rates provide insight into the popularity of the first batch of allocated affordable housing, reflecting buyers' considerations of project factors and personal circumstances [7]. Group 3: Market Outlook and Value Proposition - If the final absorption rate stabilizes around 70%, it would outperform many market commodity housing options, highlighting the competitive value of these affordable units [8]. - The depreciation rate for repurchase prices at 1% per year is seen as a significant advantage compared to the current declining prices of commodity housing, making these affordable units more attractive [8]. - The decision to purchase is influenced by buyers' desire for stability in living conditions, particularly for families with children, indicating a potential shift in housing demand dynamics [9][10].