2026-01-03 14:24:11

Every day, commuters who move to Beijing in the morning and return home at night are playing a gamble—the bet is whether their property can appreciate further. By the end of 2023, the average price of second-hand homes in a satellite city near the Beijing ring road was halved to 15,000 yuan/㎡, a 40% drop from the peak in 2017. This is not a joke; these are real listings popping up daily on agent apps: the same building, the same layout, sold for 2.85 million in 2016, now listed at 1.38 million last week. Owners write notes like "Urgent sale, negotiable," and waves of agency closures have left salespeople switching to selling down jackets. Even more outrageous is the phenomenon of "settlement houses"—developers unable to pay construction costs directly hand over keys to contractors, who are forced to take over and sell at a loss, creating a chain of downward spirals.

What about that legendary subway line? It is indeed expected to reduce commuting time to under 40 minutes once operational in 2025. But that won't save the situation. Beijing itself is reducing its footprint—companies in Chaoyang are moving to Tongzhou or even to Tianjin, and the savings on subway fares and time can't compensate for the loss of jobs. A neighboring new industrial city is different—there, they have industrial parks, cultural and creative bases, office buildings, and high-paying jobs. This city only has real estate developments—endless housing projects. What will the subway do? Turn it into a "sleep city" for migrant workers at high speed.

Currently, with a budget of 1 million yuan, you can find elevator apartments near the subway station from 2015, but the prerequisite is to check the mortgage status first and study auction rules. In 2023, legal auction properties in this area surged by 35% year-over-year, each number reflecting homeowners' helplessness. The subway is running, but the houses are still in hand.

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StopLossMaster

· 01-06 10:08

2.85 million down to 1.38 million, how desperate must that be? The agent switching to selling down jackets made me laugh directly. Even with the subway open, it can't save the situation. Honestly, it's still the lack of industry and job opportunities. Sleeping in the city is truly speechless. Foreclosure houses surged by 35%, and each one is owned by someone trapped. The risks of this deal are too high. How useful is faster commuting when jobs are lost? In the end, the gamble was lost. The chain reaction of forced sale houses, developers and construction companies all have to take the hit. No one can escape.

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DeFiChef

· 01-05 19:06

Oh no, the situation around Beijing and the surrounding areas has completely fallen apart. The subway can't save places without industry.

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TokenomicsTherapist

· 01-05 10:56

Selling down jackets hahaha, I really understand the despair of the agents. The subway opening turned out to be the beginning of a nightmare; it might have been better if it hadn't opened.

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FloorPriceWatcher

· 01-05 03:38

This subway line won't save the city either; the industry hasn't kept up. It's just a sleeping city. Spending 2.85 million down to 1.38 million—how desperate must that be? Foreclosure sales up 35%, what does that mean? Everyone wants to escape. Agents have all switched to selling down jackets; do you still expect housing prices to rise? The subway ticket time is saved, but job opportunities are gone—how do you balance the books? Be cautious when grabbing a bargain with 1 million; there are too many mortgage traps. Developers handing over keys to the foreman—this chain of stampedes is truly outrageous. "Urgent sale, negotiable" is everywhere—that's the market speaking. Industrial parks, cultural and creative bases, office buildings—others have them; what about us? Our properties are piled up like mountains. It's highly likely you'll lose your investment; a city without industry can't be saved by the subway.

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DYORMaster

· 01-03 14:54

Uh, I just want to know, how can 40 minutes of commuting time saved compare to losing your job? Agents have all switched to selling down jackets now, how desperate must that be? Shooting 2.85 million down to 1.38 million is outrageous, is this still a gamble? Just go all in. Foreclosure properties have surged by 35%, indicating that a bunch of people are bottom-fishing the houses of those who have died, not knowing what that feels like. Sleeping in the city, haha, so funny. Even with the subway now, it's harder to escape. This is the fate of having only real estate without industry. Adding three more subway lines is useless.

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pvt_key_collector

· 01-03 14:54

2.85 million down to 1.38 million, hilarious, how regretful this guy must be Unfinished housing projects and the subway can't save it either, it's purely a city of sleeping Foreclosure sales surged by 35%, what does that mean? It means the "roast ducks" really can't hold on anymore Commuting 40 minutes and losing the job, this deal isn't worth it Industrial hollowing out is the real killer, the subway is just a facade Agents have all switched to selling down jackets, this industry is really done for A 1 million bargain? First, find out if it's frozen or not Developers just hand over the keys, haha, how desperate must they be The city of sleeping is confirmed, and it's the same when you wake up This round of properties around Jingjinji is completely cooled off

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NFT_Therapy

· 01-03 14:47

2.85 million crushed to 1.38 million, how desperate is that... What's the use of the subway being built if there's no job left?

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LiquidationWatcher

· 01-03 14:41

2.85 million dropped to 1.38 million? That’s so despairing, even the agents have switched careers haha --- The subway opened but the job was gone, this is really ironic --- Foreclosure sales surged by 35%, what does that indicate... --- The word "sleeping city" is perfect, as soon as you wake up, the house depreciates --- Those companies that moved to Tianjin probably didn’t even look at this subway line --- 100 million yuan to buy a house sounds cheap, but who dares to take over actually --- Developers handing over keys to the foreman? That’s outrageous --- Why must you bet on the rise? Isn’t it better to just admit defeat

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OnChainArchaeologist

· 01-03 14:24

2.85 million down to 1.38 million... This is the cost of gambling, the illusion that the subway would save the market only ended up saving sleep quality.

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