Looks like Alibaba could rake in some dough if China sees a major foreclosure wave. A boss in Suzhou couldn't pay his mortgage and the court auction failed after two rounds. Now the Suzhou villa will be auctioned later this month on Taobao, for 66% of its appraised value.
苏州一老板无力还贷 千万别墅遭六六折拍卖
471 sqm villa
Appraised value: ¥14,860,000
First round starting price: ¥15,300,000
First round bids: 0
Participants: 2800
Second round starting price: ¥12,250,000
Second round bids: 0
Participants: 1600
Third round starting price: ¥9,800,000
Location: 司法淘宝 Taobao Court Auctions
There are sites for every province in China, but Wenzhuo (3800+ properties), Hangzhou (2800+ properties), Ningbo (2400+ properties), along with Suzhou (1700+ properties) appear to be the most active pages.
Here's the Zhejiang site if you want to buy some Chinese foreclosures.
How about this car dealership in Ningbo for ¥29 million, 35% off appraised value?
Here's Wenzhou's page.
Lots of empty apartments being auctioned in Hangzhou. Maybe a developer went bust, or a big investor, since many of the apartments on the first page appear to be in the same building.
How about trademarks? They're up for auction too.
How about a giant pile of coal (550 tons) in Suzhou for ¥292,000?
Or do you want to buy your shirts by the ton?
Some land in Sha county, Fujian.
Factory Equipment
This ¥6 million villa in Chun An county, Zhejiang looks nice.
How about 1,745,612 shares in the Xiamen Rural Credit Union?
How about your own Home Inn in Shanghai?
April 19th COVID Update: Weekly Deaths Decreased
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[image: Mortgage Rates]Note: Mortgage rates are from MortgageNewsDaily.com
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