What does private house (cooperative building) mean?

Private houses, also known as private houses and private houses, are houses purchased and built by individuals or families, and are the only houses with property rights that can be used as bank loans.

Cooperative housing refers to a form of real estate development in which one party provides land use rights and the other party or parties provide funds to jointly develop real estate. Another original "cooperative housing" can be summarized as: * * joint investment, planning, land purchase, housing design, construction, acceptance and occupancy. In 2004, Lenovo IT engineers put forward the "cooperation" plan for the first time, in which residents participated in the planning, the property was independent, they enjoyed low prices, and they shared the benefits of shops and public facilities, which quickly gained wide attention from the society.