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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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A thought on the aging population in China. We should not forget the economic changes that have occurred in the last two generations.
The people of retiring age over the next 10 years (50-65 now) are the generation who made the big money. What will they do with the money when they have time on their hands? One of the things they will likely do is travel.
This generation of middle class retirees is not the poor, financially dependent, aged who rely on their children for support. In fact many of them are supporting their children financially.
These people are mobile and rich enough to travel in a way that their parents could only have dreamed of. There are millions of them.

I would guess that the number of people who will be able to afford to travel by air will continue to increase, even if the population declines.
As for there being not a lot to do in Kunming, it has always been the springboard to other places in Yunnan. I just see more people using the springboard.

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.