By Grandpa Journey
Recently, you may have seen flashy TikTok and YouTube posts claiming that houses and condos in Chinese cities — like Zhongshan — are selling at huge discounts, even 40–50% off. It sure sounds like an unbelievable bargain… but the truth is a lot more grounded and practical.
Let’s unpack it in plain language.
📊 Current Reality: Prices Are Not All “50% Off”
Here’s what verifiable data tells us about Zhongshan’s housing market today:
📍 Zhongshan’s average property prices are still in the range of around ¥8,000 – ¥20,000 CNY per square meter depending on the neighborhood and type of property — new or resale. iHouse 凤凰网+1
• Popular areas like Ma’an Island or Dongqu still see prices around ¥16,000 – ¥25,000 per m². iHouse 凤凰网
• Overall citywide listings currently show around ¥8,000-ish per m² on the resale market. Anjuke
That’s not a 40–50% collapse from a few months ago — it’s consistent with a modest soften-and-correction market, not a miraculous clearance sale overnight.
📉 So Why the Misleading Discounts Online?
Those “40–50% off” claims aren’t completely made up — but they are usually:
🔹 Specific deals on distressed or slow-selling units
When a developer or seller is under financial pressure, they may cut prices heavily to close a deal fast — not because the whole market tanked overnight.
🔹 Selected resale units in less-desirable areas
Secondary market prices fluctuate more than average citywide prices. Some older units may lose value faster than newer or high-quality ones.
🔹 Old high-peak comparisons
Some TikTok clips compare today’s prices with peak prices during the 2016–2021 boom, making discounts sound massive even if prices have only slowly drifted down over years.
👉 The real national picture shows property prices in many Chinese cities still under pressure and gradually declining, but not free-for-all half-off rates. Reuters
🏙️ What’s Driving the Zhongshan Market’s Movement?
Here are the main factors shaping homes in Zhongshan:
1. Slower Sales & Buyer Caution
Across China, property buyers are more cautious, waiting for price stability and clearer economic signals before buying. Reuters
2. Moderate Pricing Versus Big Cities
Cities like Guangzhou or Shenzhen get headlines — but Zhongshan is still a middle-tier city, with slower growth and more measured demand. iHouse 凤凰网
3. Local Market Activity
Sales volumes in Zhongshan show activity, but not a frenzy. Many developers are still selling units but with pricing strategies aimed at movement, not panic fire-sales. Sina Finance
4. Government Policy Support
Broader policies across the Greater Bay Area (which includes Zhongshan) aim to steady the market, not crash it. This supports stabilizing prices and boosting buyer confidence. Cushman & Wakefield
🧠 What This Means for You — Grandpa Journey Style
Let’s speak plainly:
✔ No — Zhongshan isn’t having a sudden 50% discount market — at least not as a general rule.
Major headlines grab views, but data shows more moderate shifts with occasional deep discounts on individual listings.
✔ Yes — some properties can be negotiated more than a year ago.
Sellers and developers with unsold units are more flexible — especially if a property is older or less well located.
✔ Buying now means doing homework.
Look at real price lists, compare average prices over time (not just dramatic TikTok claims), and understand that a “great deal” is relative, not a universal bargain.
🏡 Final Thought from Grandpa
Real estate isn’t like a clearance sale at a store. Even when markets soften, prices don’t just halve overnight.
Zhongshan’s housing market is changing — slowly and with bumps — not collapsing wildly. If you’re curious about living there, investing, or just following the news, keep your eyes on real stats, not just viral videos.
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