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Forums > Living in Kunming > Buying Property In Kunming

@tonyaod
"There are some small consequences to consider when you put a lower sales amount. If the hold the property for 5 years or more before you sell, then it doesn't matter too much, however..."
All you need to do is sell and provide a lower sales amount on the documents.

It is not unusual here for the seller to want an net figure from the sale. As such the buyer often picks up the tax. Another reason for giving a smaller figure on the docs.
Although this is tax evasion, it is normal practice here in Kunming.

@laotou
"1. Individual purchases - Individuals may purchase multiple properties in different cities or areas. As most police databases are not linked - this is a legal blindspot - buyer beware"

As far as I am aware there has been a national land/property register in China for several years. That is why I cannot buy more property.

There is also a new regulation in Kunming, it may be rolling out from BJ, a household cannot purchase a third property any more (even for cash).
In addition, a person cannot get a mortgage in Kunming unless they have paid tax in Kunming for one year. These will cause problems for those who relocate from another city.
Firstly, from what I am told (and if I am wrong, please tell me) if you have 3 properties you will have to sell two in order to buy your new (2nd) property in Kunming.
Secondly, if you have a mortgage in another city, and you sell up, you will still need a new mortgage in Kunming, after you have paid your tax for a year.

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If 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.

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Not 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.

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Shanghai 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.

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I 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.

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.