The lowest housing price in Ping Shui, a district in Guangzhou, China, can vary significantly depending on various factors such as location, property type, and market conditions. As of the latest available data, the lowest housing prices in Ping Shui typically range from around 10,000 to 20,000 yuan per square meter. This range is based on the average prices of smaller apartments or houses in less developed areas of the district.

The reason for these relatively low prices in Ping Shui can be attributed to several factors. Firstly, the district is not as developed as some other areas in Guangzhou, which often leads to lower property values. Additionally, the infrastructure and amenities in Ping Shui may not be as advanced as those found in more central or upscale neighborhoods, further contributing to lower housing prices.

According to a report by the Guangzhou Real Estate Research Center, the average housing price in Ping Shui has been steadily increasing over the past few years, but it still remains significantly lower than the city's overall average. This trend is likely to continue as the government invests in infrastructure improvements and development projects in the area, which could attract more residents and investors, thus potentially increasing property values.

Moreover, the supply and demand dynamics in the housing market also play a crucial role in determining prices. In Ping Shui, there is a relatively high supply of affordable housing units, which helps to keep prices low. However, as the demand for housing in the area grows, particularly with the influx of new residents and businesses, there may be upward pressure on prices.

It is important to note that housing prices can fluctuate significantly based on the specific location within Ping Shui. For instance, properties in areas closer to the city center or with better access to transportation and amenities may command higher prices. Conversely, those in more remote or less developed areas will likely have lower prices.

In conclusion, the lowest housing prices in Ping Shui, Guangzhou, currently range from 10,000 to 20,000 yuan per square meter. This is due to the district's relative underdevelopment, lower infrastructure and amenities, and the overall supply and demand dynamics in the housing market. As the area continues to develop, it is possible that these prices may increase, but for now, they remain relatively affordable compared to other parts of Guangzhou.