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.
Chinese man kills ostrich in bizarre suicide attempt
Posted byLike the links to Youku.
Great enhancement.
Manufacturer addresses Kunming metro safety, comfort concerns
Posted byHa
Just de-railed, no signal needed.
Can Kunming become a real international city?
Posted byDefine international city.
If you mean and international trade centre for SW China, I think Yunnan has missed the boat. Chongqing was on a par with KMG 6 or 7 years ago. It is now streets ahead. With the global recession, and even China's economic downturn, there are few opportunities to develop a new trading centre in SW China.
I know KMG and YN govt. want it, but I don't think they will get it. For Vietnam/Thailand/Etc. the extra flight time to Chongqing does not add a lot to the total door to door time. And when you get there all the main financial services are needed are already well developed, unlike KMG.
The other issue is how do you staff institutions from a work pool of people with a poor work ethic. Yunnan has never been known to be industrious. Chongqing is a cut-throat business environment, like Shenzhen, Guangzhou and Shanghai. In Yunnan people want easy money, and then kick back and play Mah-jong.
Bronze Age relics unearthed in Baoshan
Posted by@voltaire
Thank you for a very informative and interesting post, explaining more of the relevance of this find.
Flying Tigers memorial opening tomorrow
Posted byPerhaps words like 'tomorrow' should not be used in editorial that will be read at a later date. At the time of me writing this, tomorrow was already yesterday ;-)