Haunted House in Hangzhou Sells for 75% of Market Value After 14 Rounds of Bidding
The recent auction of a "haunted house" in Hangzhou's Fuyang district has sparked intense online discussion. The house, located in the Dingxiang Huayuan Blue Court community, was sold for 160 million yuan after 14 rounds of bidding, with a final price per square meter of approximately 7971 yuan. This is equivalent to about 7.5 times the recent transaction price, a significant discount that has caught the attention of many.

1 June 2025
Netizens have been debating whether they would dare to buy such a house, with some expressing fear and reluctance, while others see it as a good investment opportunity. One commentator joked that "poor ghosts are more frightening than real ghosts," implying that the fear of financial loss is more daunting than any supernatural presence. The house in question has a dark history, with a person having jumped to their death from the building in 2015. This incident has led many to consider it a "haunted house," and the auction price reflects the stigma associated with such properties.
Despite the concerns, the auction attracted several bidders, with five people participating in the final round. The successful bidder ultimately secured the property at a price that is significantly lower than the market value, highlighting the impact of the house's history on its value. This incident has sparked a broader discussion about the market for "haunted houses" in China, with some arguing that such properties can be a good investment opportunity for those willing to take on the risk. Others, however, remain skeptical, citing the potential psychological and social impacts of living in a house with a dark history.

As the Chinese property market continues to evolve, it will be interesting to see how "haunted houses" like this one are perceived and valued by buyers and sellers. The opinions of netizens on the haunted house in Hangzhou are diverse and polarized. While some view the house with trepidation and fear, others are more pragmatic and willing to overlook its dark past as long as the price is right. This sentiment was echoed by others who believe that the house's history can be overlooked if it means getting a good deal.

However, not everyone is eager to live in a house with a reputation for being haunted. Some suggested that the house be repurposed as an office building or a shared rental property, which could attract young professionals looking for affordable housing. Despite the differing opinions, one thing is clear: the haunted house in Hangzhou has captured the public's imagination, sparking a lively debate about the value of a bargain versus the fear of the unknown.

The sale of the house raises questions about its future, with some speculating that as long as the price is right, there will be buyers interested, regardless of its past. Real estate experts in the area believe that while the discounted price may attract some buyers, the house's history could lead to stigma, affecting its resale value and potentially limiting its appeal to a niche group of buyers who are not deterred by such histories.
The real estate market in Hangzhou is known for its competitiveness, and properties with unique selling points or histories can sometimes attract a premium. However, the "haunted house" label might work against it, making it a harder sell compared to properties without such a reputation. Given the mixed opinions and the unique circumstances of the sale, it's challenging to predict the house's future with certainty. The house might find a buyer who sees potential for renovation or is undeterred by its history, or it could remain a difficult sell, a testament to how perceptions of a property's past can influence its marketability.
This event reflects a broader societal trend where the pursuit of wealth and material possessions takes precedence over fears or beliefs in the supernatural. It underscores the importance of economic gain in people's decision-making processes. The fact that a haunted house was bid on aggressively until it was sold suggests that financial gain can outweigh apprehensions about the supernatural, highlighting the priorities of contemporary society. This phenomenon raises questions about what drives people's choices and behaviors, suggesting that economic motivations can be more powerful than traditional beliefs or superstitions.
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