User profile: GoK Moderator

User info
  • Registered
  • VerifiedYes

Forum posts

0
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.

Classifieds

No results found.

Comments

•

This isn't a rant. It is said with a little sadness.

This development is good for Kungfu, but perhaps not so good for Buddhism. Anyone who has visited the main Shaolin Temple will have experienced Kung Fu Incorporated. Including the Kung Fu cabaret, Cirque de Soleil rip off, blatant commercialism, and overpricing. The only thing missing are the harlots and moneychangers. Call me cynical, but many Chinese visitors I have spoken to are also saddened and disappointed (with a capital D) by the culture.

Many temples are now attracting money from many sources, and the need for commercialism is not as strong as it used to be. Those temples that have not already died, seem to be more stable than before, many are renovating.

•

@ James,
This is sadly the result of unrestrained capitalism.

There is nothing new under the sun. A book was recommended to me, Upton Sinclaire's 'The Jungle' about the meat industry in Chicago in 1905. Not just tainted meat, but other fake foods, tainted milk (sound familiar), exploitation of factory workers (Fox... anyone?), crime, trafficking, drugs, etc.
The jungle was a protest book, and shares common flaws with other protest books, but the parallels with life in modern China are uncanny.

•

Ref. shit brew.
That is more to do with the processing, and not so much the bean.
There is a reasonable variety of different 'flavours'/roasts of Arabica beans available. Some of it really good.
Nestle seem to specialise in instant coffee. The top one is Gold Blend which is not very hard to find, probably too dear for local tastes, but a damned sight better than UCC's offerings IMHO.

Reviews


By

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.


By

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.


By

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.