After entering the 21st century, the lifestyle of Chinese cities rapidly shifted towards individualization, and high-rise tower residences quickly replaced other forms of housing as the main texture in super large and high-density cities such as Shanghai and Guangzhou.
The ‘concept input’ from Hong Kong played an important role in this process.
The promulgation of the ‘Interim Measures for Urban Construction Comprehensive Development Companies’ in 1984 marked the beginning of real estate development companies participating in the process of urban real estate resource allocation as relatively independent economic concepts.
