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.
China hands out happy city awards, Kunming sad
Posted byI tend to agree with JanJal on this one. Financial security and the peace of mind that comes with it, may be a more important factor in some cultures than it is in others.
Kunming's bike share options: A user guide
Posted byThe 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.
Kunming's bike share options: A user guide
Posted byBluegogo 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?
Belt and Road pushing Yunnan companies international
Posted bySeeing 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.
Tomorrowland resident DJ Yves V descends on China
Posted byHow much is the Wyndham buffett?