Why is the housing price in Xiangcheng so cheap?

Ownership cannot be transferred. According to the relevant public information, as of May 5, 2023, Xiangcheng and Jiayuan did not have the property right certificate for the demolition of houses, so they could not borrow and transfer. The transaction is risky, so the price is cheap. He Chengjia is located in Yuanhe, Xiangcheng City, Suzhou City. Belonging to municipal construction, the property is 1977. The residential property company is Suzhou Xiangcheng Hui Yuan Property Management Co., Ltd.