Core Insights - A villa in Shenzhen's Overseas Chinese Town 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] 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 price of 364 million yuan 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][4] Property Characteristics - The villa has a total construction area of 639.35 square meters, with a market price previously listed at 520 million yuan, indicating a significant price difference of over 300 million yuan from the starting auction price [3][4] - This property is part of a limited development of only 10 standalone villas in the twelfth phase of the project, highlighting its scarcity and desirability in the luxury real estate market [4] Market Trends - The luxury judicial auction market in first-tier cities has remained active since 2025, with high-quality assets continuing to attract competitive bidding [7] - Nationally, the judicial 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, indicating a growing recognition of asset value in the market [7]