Low-cost bank-direct homes have surged in quantity, with some bank-direct homes priced 25% lower than market value.

A property valued at around 2 million yuan in a market was recently sold for 1.5 million yuan on a third-party auction platform, with the bank as the seller completing the transaction directly. Behind this "bargain hunt" is the acceleration of property direct sales business by multiple banks. According to incomplete statistics compiled by reporters, including Agricultural Bank, China Construction Bank, and Bank of Communications, many banks have recently sold a large number of properties directly through online platforms. The number of properties for sale by some banks has exceeded a thousand, and the disposal speed has clearly accelerated. These properties, referred to in the industry as "bank direct supply properties," are mostly from the disposal of non-performing loans. When a corporate or individual borrower is unable to repay the loan, the bank acquires full ownership through debt stripping and then sells or rents the property directly as the landlord. Insiders revealed that banks are speeding up the disposal of properties mainly to improve debt recovery rates. During a period of real estate market adjustment, this direct sales model is becoming a new choice for banks to quickly revitalize assets.