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 new home sales plunge
Posted byPersonally, I do not see a huge re-adjustment of prices anytime soon.
The reason is that a lot of this property was bought for investment and is not used for homes. Many are undecorated and will remain so. Many Chinese are still looking to buy a bargain, but again as a possible investment.
No-one is in a hurry to sell, except developers. Unless the banks get heavy with them, and a red envelope usually cures that, they will not drastically drop prices to sell units. In fact if they did it would affect their equity, as the housing stock would be worth a somewhat less on paper.
Many private owner here have 2 or more properties. I know one guy with over 30. Many local companies also own properties, also mostly undecorated. The only thing that would force people to sell would be if there was a recession that hit China and people needed to liquefy their assets. Property prices could then tumble due to a rush to sell before the bubble burst, and this would become a self fulfilling prophecy.
But most Chinese will play the long game.
my 2 cents
Recipe: Spicy taro and greens
Posted byI would like to see more recipes like this.
Simple recipe for a common local food.
There are many fresh foods that I have not seen before and am not sure what to do with them. I am sure I am not alone.
There are also some dishes that are more palatable for foreigners, than others.
Perhaps GoK could open up to submissions of simple recipes from other writers.
Getting Away: Xishan
Posted byWent there last week. Did not see what happened at ticket office, but if you get the chair lift (I enjoy the ride) they make you buy tickets for Long Men (Dragon Gate) as well. Even if you don't want to go to Long Men.
Chinese college freshmen increasingly unfit
Posted byPS
The comment about kids going to the doctors during military training in the article. There is nothing wrong with the kids, this is a 'sick note' culture developing. "Mummy, I don't want to go to school today. My tummy hurts".
Chinese college freshmen increasingly unfit
Posted byThere is no emphasis on sport in schools. Yes kids to physical jerks every day, but it is not strenuous. Also, participating in a real sport will lead to improved physical dexterity (as well as strength), and for team sports kids will learn to be part of a unit that works together, something missing at the moment.
All of this will require taking time out of the classroom learning schedule. What many people here don't acknowledge is study burn out, taking time out of class for sport can and does improve classroom performance.
Not everyone will excel at sport, but all who do it will benefit in many ways. Not just in fitness.