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.
Kunming's metro could cost 300 billion yuan
Posted byIf they worry about cost, and only provide minimum service until things pay for themselves, then they will always be in a debt cycle. For example, if the service only runs the cheapest (minimal) service from 9-5 people cannot possibly use it for work. They screw themselves.
There is a real need to bite the bullet. Then the best returns can be realised, only if they take the risk and run the service as a viable alternative to driving. Short term loss will be high, but utilisation will follow very quickly.
There is a need to follow the models of service provision in Shanghai and Beijing, but accept that the break even point in Kunming will take longer to realise. However, if you don't, the losses will continue for many years.
Kunming to offer visa-free transit stays
Posted byNot sure, but would that be transiting? I think transit ticket is for an onward journey to a third country.
Perhaps you could fly from somewhere, via Kunming, to HK or vice vesa.
Airport temper tantrum lands Yunnan official in prison
Posted byThat last statement contradicts itself.
Kunming to offer visa-free transit stays
Posted byShanghai and Beijing are also major business hubs and doing a few days extra business, while breaking a long haul trek, makes sense. Also, both cities are tourist centres in themselves.
Kunming is neither. Kunming wants to be a trade centre with ASEAN, but that is not yet happening. Kunming is not really a destination, more of a spring board to Yunnan (which you cannot do in 3 days). All you can really do is play golf, which some people do.
Airport temper tantrum lands Yunnan official in prison
Posted byI think the crime was getting caught, and so publically. Getting caught on camera and having it go viral is an embarrassment to gov. This is not good for social order.
There has also been a trend towards more unruly behaviour at airports, some of which have gone viral (like the Shandong woman in Guangzhou airport). This case in Kunming might be an exemplory/detterent sentencing.
Either way, it is a step in the right direction.