Why is He Hong Changbai Building so cheap?

Because it's an apartment, not a house.

Apartment is a kind of living form in business or real estate investment, and its appearance is generally satisfactory. Each floor has several suites and public corridors, bathrooms, bathrooms, mainly to facilitate office life and external leasing.

The apartment is for commercial use, and the water and electricity charges are calculated according to the commercial use. The land use period is 50 years, and it is not allowed to move accounts. Residential water and electricity charges are calculated by civil use, and the land use period is 70 years. Taxes and land transfer fees paid by apartments are higher than those paid by houses, so the selling price of apartments is slightly higher than that of houses.

The number of residents is small, with only 3-4 people per household, with a quota of 3.5 people; There are usually many people in an apartment, 4 to 8 people in each room, sometimes more. People who live in houses, mainly family members, live for a long time, years, decades or even a lifetime; People who live in apartments, mainly members of society, live for a short time, days, months or years.