Why is Shanghai Gaohang Oasis cheap?

Shanghai Gaohang Oasis is a small property right house. Small property rights have no property rights. The so-called small property houses refer to houses built on farmers' collective land, which are much cheaper than commercial houses and do not need to pay land transfer fees. Because there is no land use certificate and pre-sale permit issued by the state for small property houses, the State Bureau of Land and Housing Management will not record the purchase contract, and it is impossible to apply for a certificate of immovable property rights. Gaohang Oasis was built by Shanghai Waigaoqiao Co., Ltd. on 20 10, with 85 buildings and 2364 houses.