Why is the price of Mingzhu Building low?

The second-hand house Pearl Building is located in Xicheng. The average price of second-hand houses in this area is128,343 yuan/square meter, which is relatively cheap. The average price of new houses in this area 145869 yuan/square meter. Mingzhu Building Community is located at No.80, South Beijing West Railway Station Road, Xicheng District. It is planned and developed by technogym (Shanghai) International Trading Co., Ltd., Shanghai Lanhai Zhidian Enterprise Management Co., Ltd. and Shanghai Sheng Di Meiqiong Catering Management Co., Ltd. Jing 'an Store. The property type is apartment, with a construction area of 68,059.0 square meters. There are about 775 elevators in three buildings. The service property is Beijing Heanfang Property Management Company, with thoughtful service and perfect management.