Why is Tan Palace in Shanghai deserted?

Market positioning is wrong and pricing is too high. Shanghai Tangong is a luxury villa, located on the west side of Xijiao Hotel, Hongqiao Road, Shanghai. The architectural style is based on the classic buildings of Britain, France, Italy and Spain. Each building is worth hundreds of millions, and it is known as "the first luxury house in Shanghai". The address is 555 Qingxi Road, Changning District, Shanghai. However, due to market positioning errors, high pricing, unfinished business due to lack of buyers, broken capital chain of developers, substandard construction quality and other issues, we had to give up.