1. Diexi Garden (Zengcheng Zhucun)
In 2018, the new home prices peaked at 21,000 CNY/sqm, but by 2025, the transaction price plummeted to 4,700 CNY/sqm, a drop of about 77%. Zengcheng's 'sleepy city' dream has shattered, leaving investors with heavy losses.

2. Vanke Happiness Residence (Huangpu Knowledge City)
In 2021, the price per unit for a three-bedroom was 38,700 CNY/sqm, but by 2025, it fell to 10,500 CNY/sqm, a drop of about 73%. The suburban concept has shown its true colors after the tide recedes.

3. Jinbi Century Garden (Old Huangpu)
In 2021, the price per unit hit 54,500 CNY/sqm, but by 2025, it only stands at 19,500 CNY/sqm, a drop of about 65%. Even the benchmark in Old Huangpu couldn't withstand the market's full contraction.

4. Vanke East Huicheng (Huangpu Science City)
In 2021, the north-facing two-bedroom units were at 48,100 CNY/sqm, dropping to 16,900 CNY/sqm by 2025, a decline of about 65%. The myth of the Science City has been brought back to reality.

5. Guangzhou Agile Garden (Panyu)
In 2021, the guidance price was 36,800 CNY/sqm, falling to 17,400 CNY/sqm by 2025, a drop of 53%. Once the 'white-collar paradise,' Panyu's prices have nearly been cut in half.

6. Jinbi Lingxiu International (Huangpu)
In 2021, the guidance price was 43,100 CNY/sqm, and by 2025, the net sign price is down to 22,000 CNY/sqm, a decrease of 49%. Even the advantages of school zones and metro access can't resist the overall price drop.

7. Huajing New City (Tianhe)
In 2021, the guidance price was 55,800 CNY/sqm, with the net sign price at 30,300 CNY/sqm in 2025, a decline of 46%. This old prominent district has also been caught in the price drop vortex.

8. R&F Tianlang Mingju (Tianhe)
In 2021, the guidance price was 50,700 CNY/sqm, dropping to 28,100 CNY/sqm by 2025, a 45% decrease. The once-hot financial city concept has taken a heavy hit.

9. Lanting Shenghui (Dongpu, Tianhe)
In 2023, the unit price could still reach 99,500 CNY/sqm, but by 2025 it plummets to 43,800 CNY/sqm, a drop of 56%. This 'internet celebrity' property built over the highway has faced a revaluation as the noise issue comes back to haunt it.

10. Poly Xinyu (Tianhe Zhujiang New City)
The unit price peaked at 175,900 CNY/sqm in 2022, falling to 76,200 CNY/sqm by 2025, a staggering 57% drop. Even luxury homes in the core area weren't spared; liquidity issues have been a fatal blow.

11. Pearl River Emperor's View (Haizhu Pazhou)
In 2021, the unit price was 102,000 CNY/sqm, dropping to 47,700 CNY/sqm by 2025, a decline of 55%. This old luxury property along the riverside has aged, and the premium for views is no longer valid.

12. China Overseas Flower Bay No. 1 (Liwan Guanggang New City)
In 2021, the unit price was 57,700 CNY/sqm, falling to 28,500 CNY/sqm by 2025, a drop of 51%. The new city concept has cooled, with an enormous supply of second-hand properties causing a price crash.

13. Jinbi Yayuan (Baiyun New City)
In 2021, the unit price was 42,800 CNY/sqm, declining to 21,700 CNY/sqm by 2025, a drop of 50%.

14. Asian Games City (Panyu)
In 2021, the unit price was 31,400 CNY/sqm, dropping to 13,700 CNY/sqm by 2025, a decline of 57%. This mega project has been hit first in the suburban adjustment.

15. Zhu Guang Haizhu New City (Haizhu)
At its peak around 100,000 CNY/sqm, the current price is 38,000 - 40,000 CNY/sqm, a drop of about 50%. Developer funding issues and forced sales have dashed expectations for this area.

16. Xinghui Haizhu Bay (Haizhu)
At its peak, 75,000 CNY/sqm, now just over 30,000 CNY/sqm, a drop of about 60%. High proportion of apartments, investors are liquidating, leading to a massive supply of second-hand units.

17. Yijing Cuiyuan (Haizhu)
At its peak, 68,000 CNY/sqm, currently priced at 32,000 - 35,000 CNY/sqm, a decline of about 46%. A typical 'old and dilapidated' property over 15 years old has been siphoned off by newer products.

18. Poly Xuefuli (Huangpu)
Some listings have dropped from 65,700 CNY/sqm in 2021 to 25,900 CNY/sqm by 2026, an astonishing decline.

19. Junjing Garden (Tianhe)
In 2021, the guidance price was 51,800 CNY/sqm, dropping to 32,300 CNY/sqm by 2025, a decline of 38%. The peak transaction price exceeded 76,000 CNY, far exceeding the guidance drop.

20. Huangpu Garden (Huangpu)
In 2021, the guidance price was 38,600 CNY/sqm, falling to 22,000 CNY/sqm by 2025, a decline of 43%.

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From silently making big bucks to quietly taking a big dive.