who can translate and explain the sentence for me?

问题描述:

who can translate and explain the sentence for me?
It is situated in what we call a residential development area and i guess you could call it fairly luxurious.
in this sentence what does the residential development area mean and living in such an area sounds luxurious?

它座落在我们称之为住宅开发区的地方,我想你会觉得它相当奢侈.
在本句中,住宅开发区指什么?为什么说住在这里听起来是奢侈的?
要回答这个问题得结合全文.