On December 25, JD.com's Asset Trading Platform listed 21 properties located at No. 58 Alley, Xiarong Road, Pudong New District. Seven of these units were auctioned that day, with the remaining 14 scheduled for auction on December 30 and January 6, 2026, respectively.

These 21 foreclosed properties have garnered significant attention; one listing alone attracted over 34,000 views, with 54 individuals paying the deposit to register for bidding. As of press time, the most popular unit had already received 34 bids.

This batch of foreclosed properties originates from the mega-project SUNAC Future Financial City, located in the Tangzhen area of Pudong New District. During the heated property market of 2021, its new units sold out immediately upon launch.

However, due to debt pressures, the project company was subjected to court enforcement, leading to a total of 66 residential units, including the aforementioned 21, being listed for auction.

The seven properties auctioned on the first day each have an area of approximately 90 square meters. Their individual assessed values range from 5.95 million to 6.37 million yuan, with starting prices around 3.4 million yuan.

Auction information reveals that all properties have, without exception, already surpassed their starting prices, and each has attracted over ten thousand views. Judging from the listing photos, all units are brand new and unoccupied, with interior finishes—including doors, flooring, wall tiles, cabinets, and ceilings—in pristine condition.

The 14 properties awaiting auction have also drawn considerable interest from bargain hunters. For instance, one 90.79-square-meter unit in Building 15, with a starting price of 3.43 million yuan, has been viewed 7,329 times, received 180 clicks for follow-up, and already has one paid registrant for the auction.

This marks the second foreclosure auction for SUNAC Future Financial City. Previously, on October 13, the Beijing Second Intermediate Court listed 66 residential units for sale, with an average starting price of approximately 48,400 yuan per square meter, equivalent to a 30% discount off the assessed value. Ultimately, 42 units were successfully sold, with the most fiercely contested property receiving 39 bids. The current batch of 21 units is listed at a further 20% discount from the first auction's prices, with a starting price of about 38,000 yuan per square meter.

An individual close to SUNAC's Shanghai company noted that compared to the launch prices in 2021, the current listing prices are very attractive, which is one reason for the tens of thousands of views these auctions have attracted.

Looking back to the Shanghai property market of 2021, SUNAC Future Financial City was immensely popular, bolstered by its location in the Zhangjiang Technology Hub. The project, with a planned area of 1.09 million square meters, was developed across multiple plots. It launched for the first time in 2021 and concluded sales in 2024; its price rose from an initial 68,000 yuan per square meter at launch to a peak of 75,000 yuan per square meter.

Public data shows that in 2021, after experiencing "thousand-person lotteries" during its first two sales phases, SUNAC Future Financial City's third phase still attracted 1,216 groups of homebuyers. All phases triggered the city's scoring system for new home purchases and sold out immediately upon launch.

From a market perspective, new projects in the Tangzhen area, such as Poly Tianyi and China Merchants & CTS · Yijiang Zhendi, have an average selling price of about 83,000 yuan per square meter. Meanwhile, there are seven second-hand units from SUNAC Future Financial City listed for sale, with an average price of 67,000 yuan per square meter.

In terms of ownership, however, this batch of auctioned properties no longer belongs to SUNAC. Enforcement rulings from the Beijing Second Intermediate Court indicate that four investment enterprises—Jiaxing Dinghang, Jiaxing Dingrui, Jiaxing Xinyi, and Jiaxing Xinli—applied for compulsory enforcement, demanding that Shanghai SUNAC Real Estate Company and five other affiliated enterprises pay equity repurchase prices. After freezing and seizing bank deposits proved insufficient to cover the debts, the court lawfully seized this batch of properties from SUNAC Future Financial City.

Furthermore, according to the auction information, the timeline for vacating and delivering these properties is uncertain, and the status of any outstanding utility and management fees is unknown. Any such fees would be the responsibility of the successful bidder. Delivery will be based on the current condition of the properties, and "prospective bidders are advised to participate accordingly, as any legal issues arising from the aforementioned circumstances, including inability to transfer title, shall be borne solely by the buyer."