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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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The figures quoted from Bloomberg above are incorrect. Whichever source Bloomberg used, did obviously not sanity check. I watched an interview with the CEO of Mobike a while back, and I am pretty sure he said the cost of the bikes was CNY 1000, not USD 1000.
If you apply the same correction to the other figures, then Bluegogo would be CNY400 CNY, which seems about right; as three years ago I bought my daughter a cheap bike for CNY400 retail. Consider direct from manufacturer prices. As Ofo seem to be even lower quality, then CNY 300 would not surprise me.

Factor in these adjusted prices to business case calculations, and it all makes more sense.

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Bluegogo has gonegone.. It looks like ofo are flooding the streets with the cheapest of bikes, and Mobike looks like it has been forced to invest in cheaper machines. Now the questions are, can Mobike survive the swamping of the market by ofo? And can ofo's disposable bike policy be sustained?

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Seeing as said foreign country's company will probably pay for most of it, 55 years may not be so long, when you leverage risk factors. However, seeing as most tourism will be inbound from said country they should get a return.

The alternative is probably no airports, and no big (probably massive) increase in tourism revenues.
It would probably be a good idea to visit these places before they are consumed by the tourist industry.

Reviews

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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.