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Forums > Living in Kunming > Where would you live?

We also looked at a nice house on the mountain to the north of the city. Mostly villas (30k/m rent), and town houses (15K+/m) up there.
This is about 5km past the Garden Expo site.

Some nice local places to dine out, and local farmers at the market. Nearest supermarket is Carrefour on Beijing Lu.

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Forums > Living in Kunming > Housing

Danmairen

I can't give you a link. Try Kunming Govt. Website.

We got the information from China Merchants Bank, when we enquired about selling property A (mortgaged) to buy property B (with a mortgage). If we had bought in December, we could have done it.

This is not a case of some bank counter bunny not knowing what to do. My wife is in the industry, and was using contacts.

Reason for most people not renting, it isn't worth it.

As a side note for those who do not know, when you get the keys for a new property in China it is undecorated. This means there is a bare screed floor, maybe no proper staircase, one electric socket in each room, one light fitting, skim coat on the walls of most rooms (except bathrooms and kitchen), no sinks, no toilet, no kitchen, no internal doors. All you get is walls, roof, external doors, windows, and one set of services coming into the house.
You need to decorate.

We have an empty property, because of its location we would need to decorate nicely. This would cost us at least 600k and easily 1m rmb. It would take us 4-10 years to get the decoration costs back, depending on how the rental market for town houses is fairing. By that time we would want to redecorate to some degree anyway.
We could spend only 200k, but where we live we would not find a tenant, and rent would have to be so low, it would still take years to get the money back.

Decorating does not add greatly to the value of a property, as most new owners will want to re-decorate.

Additionally, the house purchase can be done on a mortgage, the decoration will be for cash.

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Property taxes would be easy to enforce, as there is a registered owner(s), and may help get rid of a lot of zombie properties. We know a guy who owns over 30 properties, well at least his company does. All of these properties are empty. Companies have these 'assets' on the books often at optimistic values. A company owns a house where we are. They want about 30% over market value for it, only then will they sell.

People may think, 'Zombie property, so what?'. If an area has low occupancy, no small businesses can flourish, and the local economy can be in a downward spiral.
If people/companies have to pay tax on empty property it becomes a liability as well as an asset. It is also possible to charge a higher levy on empty property, if a government chooses to do so. They are talking about doing this in London.

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This has moved.
The cut flowers are about 700m east on Duonan Jie. The plants and trees are about 700 m west and follow Duocai Section.

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A reasonable choice of lumber that has improved over time. Fancy hardwoods like walnut, and mahogany are in abundance. There are some plywood and rubber-wood boards available. There are also some kiln dried imported softwoods and merbao available. Some of the lumber is very green, so look for the kiln dried if you need stable timbers.

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Echo everything said by others.
Breakfast great and the serve from 8am. Most other places say 9am and they still are not ready.
Sandwiches are cheap 22-32, and really packed full of filling. We got some sandwiches for a day out, the only mistake I made was ordering two, as this was too much. These are seriously good sangars, and they are wrapped in alu foil.

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In fairness to Metro, they are a wholesalers, and not really a supermarket. Hence the need for a card, which can be got around.

They have improved in the year I have been away. They now carry a more consistent range of imported foodstuffs and they also seem to have sorted out the mported milk supply.

They have a wider range of electrical appliances now, there is a coice of more than one toast. There is also a better range of seasonal non foods, like clothes, shoes, garden furniture and camping gear.