Unless you have paid tax in Kunming for 12 months you cannot get a mortgage. New regulation. Affects Chinese nationals as well.
If you already own one property in China, you cannot buy a second property in Kunming, unless you have a Kunming HuKou (Household ID, for Chinese nationals). Even with cash. New regulation.
If you already own 2 or more properties in China, you cannot buy in Kunming, even with cash. New regulation
Unless you have been resident in China for 12 months, you cannot buy property. Old regulation.
Regards real estate agents, things work differently to how they do back home. People who have property go to their local real estate agent, and this can be really local. Often 10 agents will have the same prop in the window, but only one will have the keys. There can be as many as 30 independent real estate agents in one small area.
Best way to find property is to go to the neighbourhoods where you think you could live. Have a good walk around to get a feel for the place, and look at buildings you might like to live in.
Look at local agents windows. There will always be at least one that looks more professional, possibly part of a chain. Hit these first. If you can, find an interpreter that you can trust not to try and act like an agent and try to get a commission.
Deposits vary, usually 2 months rent. You may also be expected to stump up the first 3 months rent in advance, but not always. The agent may expect a finders fee of one months rent (you pay), but this is easily negotiated down.
If you are looking to rent higher end accommodation or a house, there is a shortage of this type of property in Kunming. We tried to find 'middle class' prop of over 150m around Green Lake a few month ago. There were only 2 apartments available. We also looked for houses in the Dianchi area, only about 6, and only two were suitable.
There is a lot of empty prop around Kunming, but most of it not decorated (no kitchen, no bathroom), and of the little that is decorated many are unfurnished.
Celebrating a Miao Christmas in Yunnan
发布者For many societies, once people have elevated to a level of 'security', through wealth or power, these people turn away from religion towards mammon.
Kunming's bike share options: A user guide
发布者I would guess that a proportion of the money is being invested. Invested in setting up (dumping lots of bikes on the streets) in new cities to attract more deposits. If that is the case, there are parallels with Ponzi schemes.
Kunming's bike share options: A user guide
发布者Didi are unlikely to go broke anytime soon, but even if OFO is owned by Didi, if it is running at a loss, Didi will offload it very quickly. Once the business case is established, or not, people will either re-invest or divest.
The OFO bikes are cheap, have a manual lock, no GPS, I assume no app except for payment. These are the bikes mostly seen ridden by kids, who often are riding a misappropriated machine. It looks like the OFO business model is lowest cost, and accept the losses of assets.
The MOBIKEs have remote locking, and GPS tracking. The bikes were custom built and were expensive to have made, but the app helps to find the nearest bike, and you can reserve them, to save you walking to a bike which in the meantime is hired by someone else. The MOBIKE business model seems to be larger upfront costs, but better service, and traceability of the assets.
I am not sure if the OFO business case is sustainable, only time will tell.
Report: Kunming to add two Metro lines
发布者Elevated trains would have been quicker, which is why they use them for long sections of track outside the city.
However, it would have requited tearing down whole neighborhoods, causing huge disruption to city life, not just traffic. Then there is the socio-economic impacts of closing down large areas of the city. Additionally, the large numbers of demolitions would have a major impact on air quality, and what do you with all of the building rubble.
Finally, the increased cost for the whole process; bearing in mind that cost was also a major factor in the lack of progress thus far.
Around Town: Kunming's secluded Lianhua Temple
发布者It might be a new guy, or there is some other visit on this week. It is probably worth trying again, and if the same guy is there, just tell him you are going up to the temple.