Why is Caoqiao Xinyuan House cheap?

The house in Caoqiao Xinyuan is cheap because of the lack of parking spaces. Caoqiao Xinyuan is located between the Third Ring Road and the Fourth Ring Road in Beijing. The residential area is an above-ground parking space, and the related parking spaces are very tight. It is inconvenient for owners without parking spaces to go to the parking lot outside the community, so the house price in this community is relatively cheap.