Core Viewpoint - The recent significant price drop of 3.8 million yuan for a property in the Greentown Gui Guan Dongfang has sparked discussions, highlighting the current state of the second-hand housing market in the Asian Games Village area [1][3]. Property Pricing and Market Dynamics - The Greentown Gui Guan Dongfang property was initially listed at 11.8 million yuan, equating to approximately 68,000 yuan per square meter, and was later reduced to 8 million yuan, resulting in a price of about 46,300 yuan per square meter [4]. - The property has seen a surge in viewing interest, with an average of over one group viewing per day in the past week, and more than 40 potential buyers showing interest [4][9]. - Despite the price drop, the property remains unsold due to additional costs such as parking spaces, which are priced at 800,000 yuan for two spaces, making the effective price less attractive [9]. Market Trends and Comparisons - The Asian Games Village area has a diverse range of properties, with prices varying significantly based on location, building type, and unit size, leading to a wide price range in the second-hand market [11]. - The average listing price for second-hand properties in the Asian Games Village is around 70,000 to 80,000 yuan per square meter, with some properties still priced close to their original purchase price [13]. - The overall second-hand housing market in Hangzhou has seen a decline in transaction volume in July, with 6,840 units sold, a decrease from June, but still showing resilience compared to the same period in previous years [16][17]. Future Market Outlook - Market analysts predict a potential upward trend in the housing market during the traditional peak selling months of September and October, with expectations that prices will stabilize and possibly increase [15][17]. - The current market is characterized by a strategy of "price for volume," indicating that sellers are adjusting prices to attract buyers amid a high inventory level of approximately 160,000 listings [17].