Core Insights - The auction of a luxury villa in Shenzhen's Overseas Chinese Town successfully concluded at a price of 364 million yuan, marking a 69% premium over the starting price of 215 million yuan, and setting a record for the highest total price for a single residential unit in judicial auctions nationwide [1] - The property, with a construction area of 639 square meters and a usable area exceeding 2000 square meters, includes a 1000 square meter private garden and is the only "villa king" model in the community [1][2] - The villa was previously owned by an individual who purchased it for 180 million yuan in 2010 and was subject to forced execution due to loan disputes [1] Auction Details - The auction attracted six bidders and involved 118 bids, ultimately won by individual Chen Yingxia [1] - Prior to this auction, the property had been auctioned twice before, with initial prices of 315 million yuan and 300 million yuan, but both attempts ended in failure [1] - The property was part of a larger asset package that included other properties, but this specific auction focused solely on the villa [1] Market Context - The project, which is part of a high-end residential community developed by Overseas Chinese Town Group, consists of only 48 standalone villas across 16 phases [2] - The auctioned villa is the largest among ten standalone villas in the twelfth phase, with a certificate area of 639.35 square meters [3] - According to a report from the Ke Rui Research Center, the supply of judicial auction properties has reached a high level, with 42,000 units available in September, reflecting a 31% month-on-month increase and a 10% year-on-year increase [3]

Core Insights - The auction of a luxury villa in Shenzhen's Overseas Chinese Town achieved a record price of approximately 365 million yuan, marking a nearly 70% premium over the starting price of 215 million yuan, and setting a new high for judicial auction properties in Shenzhen and nationwide [1][5] Group 1: Auction Details - The auction attracted six bidders and involved 118 bids, with the final price translating to about 570,000 yuan per square meter [1] - The villa's previous record was held by a property in Shanghai, which sold for approximately 315 million yuan [1] - The property was previously listed on the secondary market for as high as 520 million yuan, indicating a significant price discrepancy [1] Group 2: Property Specifications - The villa has a total construction area of 639 square meters and a usable area exceeding 2,000 square meters, featuring a private garden of over 1,000 square meters and a lakeside location [1][5] - It is part of a high-end residential community developed by Overseas Chinese Town Group, which consists of only 48 standalone villas [5] Group 3: Previous Auction Attempts - The property had been auctioned twice before, with initial prices of 315 million yuan and 300 million yuan, both of which ended in failure [5] - The third auction attempt saw the price drop to 270 million yuan, but it also failed to attract buyers [5] Group 4: Market Comparisons - A similar villa in the same community is currently listed for 360 million yuan, with a price per square meter of approximately 650,000 yuan [6] - The average listing price in the community reached 715,400 yuan per square meter in September 2023, although there are currently no available listings [6]

Core Insights - The auction of a luxury villa in Shenzhen's Overseas Chinese Town successfully concluded at a price of 364 million yuan, marking a 69% premium over the starting price of 215 million yuan, and setting a record for the highest total price for a single residential property sold through judicial auction in China [1] - The property attracted six bidders and underwent 118 rounds of bidding, ultimately being won by individual bidder Chen Yingxia [1] - The villa has a construction area of 639 square meters and a usable area exceeding 2000 square meters, featuring a private garden of over 1000 square meters and a unique "villa king" layout within the community [1] Company Insights - The auctioned property is part of a high-end residential community developed by Overseas Chinese Town Group in Shenzhen, which consists of 16 phases with only 48 standalone villas [2] - The specific phase of the auctioned villa is the twelfth phase, located on the southern side of Yanzhi Lake, with only 10 standalone villas in total, and this particular villa is the largest among them with a certificate area of 639.35 square meters [2] Industry Insights - According to a report from the Ke Rui Research Center, the supply of judicial auction properties has reached a high level in September, with 42,000 units available, reflecting a 31% month-on-month increase and a 10% year-on-year increase [2] - The transaction volume for judicial auction properties was 5,033 units, showing an 8% decrease month-on-month, but still remaining at a high level for the year [2]