"Big property" houses can be listed for sale and transfer. "Small property rights" houses are cheaper, but they can't be loaned at the time of purchase and can't be listed and traded after purchase.

/kloc-before 0/998, houses built on state-owned land in cities also issued small red books. According to the announcement of the Ministry of Construction (10/997112), all provinces, autonomous regions and municipalities in China must issue a unified format of real estate license at the latest, that is, a big red book. At the same time, the real estate license is renewed, so if there is no new unified real estate license, it may be the old little red book.

Xiaohong is the title certificate issued by the district and county governments to the owners of houses built on collective land. Many of them refer to the reconstruction projects of villages in cities. There is no property right certificate, only a residence permit issued by the village. This card is usually issued to their own villagers and is nicknamed "Little Red Book" by everyone. Now many villages in the city are for sale and enjoy the treatment of villagers. It is possible to get a formal property right certificate in the future.