[baybal2]

Yes, but.... there is a lot of but there:

Technically speaking (literally), a shack in Gangxia, Shenzhen can have market value from $1m to $2m, but nobody will ever sell it. They have no value other than of land under them.

Rents for a room there were around CNY400 per month 5 years ago.

80ies era apartments - also cheap, but quite a lot of them are in even worse shape than property in villages.

post 2000 housing - gets better, actually livable somewhat. Look for 4k CNY in good locations.

Western like proper highrise apartments - no less than 9k, availability is smallish. Everybody is looking for then. I was looking for one in Huafu area, but they just go too fast to even get sense of a price