"Properties with starting bids of 1 yuan" have appeared in many places.

According to a report released by the KERUI Research Center, a total of 278 housing listings in June had a starting price set at 1 yuan. It is worth mentioning that these listings are not from litigation or bankruptcy disposal, but rather second-hand homeowners choosing to test the auction market to speed up the turnover. Most of these listings come from Weihai, Shandong, totaling 216 units, all of which are sea-view houses in Rushan, and are not concentrated in a single neighborhood. In addition, some first and second-tier cities also have "1 yuan starting bid" properties. In June 2025, Shanghai, Ningbo, Suzhou, and Nanning all had "special price houses" starting at 1 yuan. Yan Yuejin, deputy director of the E-House Real Estate Research Institute in Shanghai, said: "'1 yuan starting bid' is just a gimmick used by some auction companies to attract buyers. It is important to pay attention to whether there are any hidden tricks or debts behind it, and to prevent incurring new costs after subscribing. For buyers, it is advisable to keep a distance from some novel sales and property transaction models. There are many reasonably priced properties available on the market now, and it is not necessary to purchase through this type of auction method."