Why is the price of Shanghai Xinlong Garden low?

The competition is fierce. There are many properties launched by real estate developers around Xinlong Garden, and the competition is fierce, resulting in relatively low housing prices. House price (real estate price) refers to the market value of buildings and their occupied land in a specific period, that is, house price: land price+floor price, which is the most important adjustment mechanism for real estate economic operation and resource allocation. The price positioning of house prices is composed of many factors.