When will commercial housing in China start?

1979 Guangdong Dongpu New Village real estate construction is the earliest commercial housing community in the local mainland. 1In July, 1987, construction started in Tianhe District, Guangzhou, and the Guangzhou Municipal Government raised funds to build tianhe sports center at the expense of the development and operation of Tianhe Construction Community.

This is the mode of China's development in exchange for urban construction funds, which all cities in China yearn for. 1September 8, 987, Shenzhen sold the first piece of state-owned land use right by negotiation and bidding, and sold the second piece of state-owned land use right by bidding three days later, which is of epoch-making significance.