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Why is Caixin Xinbin Yipin cheap?

Property prices in this area are not cheap. Relevant data show that the latest reference price as of April 29, 2022 is 18000 yuan/square meter. Caixin Xinbin Yipin Property is located in the west section of Beibei Road, Jiangbei, Chongqing, and was carefully built by Chongqing Caixin Hongye Real Estate Development Co., Ltd.