The value isn't in the house, but in the land.
Old Factory Street is located in the Jiangbei Old City District. Although the infrastructure around it is outdated, schools, hospitals, markets, and supermarkets are all available, marking it as a prime area.
Otherwise, it wouldn't attract so many workers and lower-class families to settle here, nor would it draw the coveting of gang members fighting over territory.
Of course, due to a series of recent events, both the Three Wolves Gang and the Red Tiger Gang have retreated in discouragement.
Currently, no gang dares to meddle in the North Point District.
Apart from a few idle hooligans, no one dares collect protection fees here, thus improving public security considerably.
If it gets demolished in the future, the compensation for this piece of land could easily double or triple.
Buying this building not only solves current living issues but also serves as a lucrative long-term investment.
