Why are serviced apartments so cheap?

First of all, the property rights of such houses are low. Generally, the ownership rights of residential buildings are 70 years and can be automatically renewed after expiration. However, the ownership rights of commercial and residential buildings are only 40 or 50 years. They are not automatically renewed after expiration and must be paid back. This is no different from a long-term lease renewal.

Secondly, the costs of property, water, electricity, and public maintenance funds for this type of house are relatively high. Since the water and electricity prices for commercial and residential dual-use houses are subject to commercial standards, which are higher than those for general domestic use; and property charges are rarely restricted by government departments, there will be a mixed situation; public maintenance funds are also in contact with merchants Split the repairs on the ownership portion of the property. These reasons result in high expenses incurred in daily life for commercial and residential buildings.