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.
Governor: Provincial highway bathrooms China's worst
发布者They know how to flush, they just don't want to because the toilet is a dirty place. Self fulfilling cycle. But hey! it then becomes someone elses problem.
Governor: Provincial highway bathrooms China's worst
发布者They will be high anyway.
Jinghong farmer trampled to death by elephant
发布者The problem is not the elephants. Sadly the authorities will see the opposite.
Massive financial center announced for Wujiaba
发布者I think the airport mentioned here will be for heliport and small private planes of the corporate variety.
This may be linked up to the plans for the area east of Dianchi Lu and north of Guangfu Lu that was previously earmarked for new financial district.
BUT at least Shanghai Tongji know what they are doing. It just depends on whether the local gumint will listen to their advice.
Report: Yunnan bonds shaky
发布者The non protected thing was the issue with HuaXia Bank scandal. It was likened to a Ponzi. People lost huge amounts and it killed the market.
CMB is big enough to have the assets to cover any potential losses, and has decided that the only way to have a wealth management product that sells is to guarantee the principle. To not honor the promise would be damaging to the CMB brand and would cost them more money than swallowing the loss.
IMHO. Because of the nature of CMB's core business, and their place in the market, they can be trusted. Unlike smaller banks like HuaXia.