Banks intensively list "direct supply housing," accelerating the disposal of non-performing assets

On November 19th, four shops directly supplied by NJBK were successfully auctioned, with a total assessed value of 17.83 million yuan, a starting price of 6 million yuan, and a transaction price of 7.21 million yuan, which is 60% of the market price. Recently, the number of "direct supply properties" from banks on the Alibaba auction platform has significantly increased. "Direct supply properties" refer to real estate with complete ownership obtained by banks through creditor rights after borrowers default on loans, which are then sold in the open market. Banks selling properties are not doing so without considering costs, but rather to dispose of non-performing assets, quickly recover funds, and supplement current profits. Industry insiders expect that the number of "direct supply properties" from banks will continue to rise in the future. (Securities Times)