Bidder Raises 22.11 Million to Secure Shenzhen Villa, But Regrets Purchase

Recently, a villa in Shenzhen was auctioned on the Ali Judicial Auction platform with a starting price of over 37.92 million yuan (RMB), where a bidder increased the price by 22.11 million yuan in one go, successfully winning the bid for over 60.03 million yuan. Subsequently, the bidder regretted the bid, and the 7.584 million yuan deposit paid was lost.

On April 28, the Ali Judicial Auction platform indicated that the villa was again put up for auction by the Shenzhen Intermediate People’s Court. The starting price remained over 37.92 million yuan, with no changes in the bidding deposit and increment. The auction is scheduled to take place on June 9, and currently, no one has registered.

According to the platform’s announcement, the villa is located in Xili Village, Xili Lake Road, Nanshan District, Shenzhen, with a built-up area of 683.78 square meters and an assessed value of over 54.17 million yuan.

On March 10 and 11, the villa was officially auctioned with a starting price of over 37.92 million yuan and a bidding deposit of 7.584 million yuan. On March 10, two people registered but did not bid, and on March 11 at 9:55 am, one person bid slightly over the starting price at 37.923 million yuan. One minute later, another bidder directly raised the price by 22.11 million yuan to 60.03 million yuan. As no further bids were made, this bidder successfully acquired the villa.

The announcement stated that the villa was registered at the Shenzhen Real Estate Registration Center in 2019 with a registered price of 50 million yuan, equivalent to a unit price of 73,122 yuan per square meter.

On April 24, the court announced on the judicial auction platform that the confirmed transaction for the property had not been completed.

As per the court’s auction rules, if the buyer regrets the bid, the paid deposit of 7.584 million yuan will not be refunded.

A worker, contacted by a news outlet, stated that the villa was re-auctioned because the previous buyer had withdrawn their bid, citing reasons that could not be disclosed.

The news has attracted attention, with a renowned real estate consultant in Shenzhen, Luo Zhongyi, posting on Weibo that the bidder during the auction mistakenly assumed the other party would counter, leading to their own downfall. There were comments questioning why someone would forego nearly 8 million in a deposit and speculating whether the original property owner brought in a high bidder.

In conclusion, the ongoing saga of this villa auction in Shenzhen continues to captivate the attention of many, showcasing the complexities and uncertainties of the real estate market.