1. Location: The project is located on the edge of the city. Although it is close to the Grand Canal, it is also adjacent to the main road Wen 'er West Road. The location is relatively convenient, but it also brings noise and vibration problems, which affects its value.
2. Supporting facilities: Although it is close to the Grand Canal, the surrounding commercial, educational and medical facilities are not perfect, which is also an important factor affecting its housing price.
3. Building quality: It is reported that there are some quality problems in this project, such as leakage, which may also be one of the reasons for the low house price.
4. Market supply and demand: In Hangzhou real estate market, the supply of similar projects and products is relatively large, but the demand can not meet expectations, resulting in relatively low prices.
5. Tenant problem: It is reported that most of the tenants in this project are tenants, which also leads to the generally low housing prices in this community.
To sum up, there may be many reasons for the relatively low housing prices of famous works of Ming Chuan in Hangzhou, including geographical location, supporting facilities, building quality, market supply and demand, tenants and other factors.