Core Insights - A recently auctioned foreclosed property in the popular Bojingting community of Ningbo's Eastern New Town has garnered significant attention due to its unique location and high demand [1][3] - The property, with a total area of 134.28 square meters, was appraised at 6.3 million yuan, with a starting bid set at 4.41 million yuan [1][3] Auction Details - The auction attracted nearly 30,000 online viewers and 8 registered bidders, leading to 49 rounds of bidding within the first 9 minutes [3] - The final transaction price was 6.016 million yuan, approximately 44,800 yuan per square meter, reflecting a 36.4% premium over the starting price [3][5] Market Comparison - Despite the high premium, the final price is still lower compared to previous years, with a similar property selling for 7.525 million yuan in August 2023 and another larger unit fetching 24.495 million yuan earlier this year [5] - The competitive nature of foreclosed properties in popular neighborhoods like Bojingting indicates sustained market interest and investor confidence in Ningbo's Eastern New Town real estate sector [5]