| View previous topic :: View next topic |
| Author |
Message |
Joe C.
Joined: 08 May 2003
Posts: 993
Location: Witness Protection Program
|
 Posted: Wed Jun 27, 2007 1:47 am Post subject: |
 |
|
| vikuk wrote: |
| at today's city prices - a 150,000 RMB home would be a shoebox!!!!!! |
In a larger city, true. But in many smaller cities in China it is totally reasonable to find 1,000 RMB per m2. And in many towns and villages, less. |
|
| Back to top |
|
 |
englishgibson
Joined: 09 Mar 2005
Posts: 4345
|
| Posted: Wed Jun 27, 2007 4:50 am Post subject: |
|
|
yes, smaller cities have prices at 1,000 RMB or even lower...a few months ago i was tempted to buy a 130 square meter home for 130 000 yuan in southern guangdong, but the view out of it was not "tempting" enough 
| Joe C. wrote: |
| englishgibson wrote: |
as far as i know China does not allow a "dual citizenship", so if any lucky foreigner wished to become a Chinese he/she would've to give up his/her first citizenship
after leavin' for a period of time, i'd wonder whether i'd have to come back to China on an "L" visa as a tourist, if i owned a 150 000 yuan home in the country...i mean would i be a "resident" in this lovely country  |
Right.
Unfortunately owning property in China, unlike in other countries, doesn't help when it comes to getting a visa.  |
that should worry laowai property owners, shouldn't it? can you imagine not being able to get any entry visa to a country where you own a home
peace to shoeboxes of some
and
cheers and beers to all hard working FTs that've got nice homes for low prices in China
_____________________________________________________________
worry not about your visas, since marriage can bring you happiness |
|
| Back to top |
|
|
vikuk
Joined: 23 May 2007
Posts: 1842
|
| Posted: Wed Jun 27, 2007 4:51 am Post subject: |
|
|
| Quote: |
| But in many smaller cities in China it is totally reasonable to find 1,000 RMB per m2. And in many towns and villages, less. |
And here your problems may just be at a beginning - since out in the sticks the rights concerning "home owners� may be far different than those found in the cities.
For example - "buy" a property in a large city and with present laws you have 70 years tenure from the state and you also have rights concerning the land the property is built on. In smaller towns this tenure may be down to 30 years - and you may have no land rights (which can complicate selling a property further) and in such places maybe only a small number of newly built buildings can be legally sold!!! These type of laws protect local authorities who want to make cheap and easy compulsory possession orders on property when new construction work is ordered - and they also adhere to the more trad tennants of red law that the people (in the form of the party) not individuals own the land.
There are new laws coming that should allow people to actually own property � replacing the present system where the state owns everything - but these rules may only apply to the major cities!!!
In the countryside there is a mass land-wide rehousing project for rural inhabitants - moving them to the small town building projects that are springing up everywhere.
So when you are checking around on seemingly cheap deals out on the land - just make sure you know what you're getting yourself into!!! |
|
| Back to top |
|
|
Joe C.
Joined: 08 May 2003
Posts: 993
Location: Witness Protection Program
|
| Posted: Wed Jun 27, 2007 5:55 am Post subject: |
|
|
| englishgibson wrote: |
yes, smaller cities have prices at 1,000 RMB or even lower...a few months ago i was tempted to buy a 130 square meter home for 130 000 yuan in southern guangdong, but the view out of it was not "tempting" enough
| Joe C. wrote: |
| englishgibson wrote: |
as far as i know China does not allow a "dual citizenship", so if any lucky foreigner wished to become a Chinese he/she would've to give up his/her first citizenship
after leavin' for a period of time, i'd wonder whether i'd have to come back to China on an "L" visa as a tourist, if i owned a 150 000 yuan home in the country...i mean would i be a "resident" in this lovely country |
Right.
Unfortunately owning property in China, unlike in other countries, doesn't help when it comes to getting a visa. |
that should worry laowai property owners, shouldn't it? can you imagine not being able to get any entry visa to a country where you own a home |
Why should it worry anybody? In case you haven't noticed, buying property in the US doesn't qualify you for squat, either. It's rather naive to believe that just buying property means a country is obligated to provide special visa terms. |
|
| Back to top |
|
|
Joe C.
Joined: 08 May 2003
Posts: 993
Location: Witness Protection Program
|
| Posted: Wed Jun 27, 2007 6:06 am Post subject: |
|
|
| vikuk wrote: |
| Quote: |
| But in many smaller cities in China it is totally reasonable to find 1,000 RMB per m2. And in many towns and villages, less. |
And here your problems may just be at a beginning - since out in the sticks the rights concerning "home owners� may be far different than those found in the cities.
For example - "buy" a property in a large city and with present laws you have 70 years tenure from the state and you also have rights concerning the land the property is built on. In smaller towns this tenure may be down to 30 years - and you may have no land rights (which can complicate selling a property further) and in such places maybe only a small number of newly built buildings can be legally sold!!! These type of laws protect local authorities who want to make cheap and easy compulsory possession orders on property when new construction work is ordered - and they also adhere to the more trad tennants of red law that the people (in the form of the party) not individuals own the land.
There are new laws coming that should allow people to actually own property � replacing the present system where the state owns everything - but these rules may only apply to the major cities!!!
In the countryside there is a mass land-wide rehousing project for rural inhabitants - moving them to the small town building projects that are springing up everywhere.
So when you are checking around on seemingly cheap deals out on the land - just make sure you know what you're getting yourself into!!! |
You're too alarmist.
Nobody is talking about buying land in a small farming village hundreds of miles from the nearest telephone.
As long as you purchase the property and are certain to receive the deed as issued by the provincial land bureau, you have the same property rights as those in any other city of China. The trick is making sure that the developer has obtained permission from the provincial land bureau and for this reason it is always good to obtain a mortgage for the property whether you need one or not. No bank will ever allow a mortgage to be processed unless the bank has assurances from the provincial land bureau that clear, legal title will be passed.
By the way, just because you buy a home in a major city doesn't mean you get clear, legal title either.
The 70 years runs from the date the developer first obtained use of the land from the provincial land bureau. There is more often than not a long delay between the time the developer gets the land until the date they actually start -- and ultimately finish -- constructions. Nine times out of ten the purchaser of a new home is lucky to get 60 years. |
|
| Back to top |
|
|
11:59
Joined: 31 Aug 2006
Posts: 632
Location: Hong Kong: The 'Pearl of the Orient'
|
| Posted: Wed Jun 27, 2007 6:24 am Post subject: |
|
|
| And, realistically speaking now, how likely is it really that the property will still be standing in 60 years? Most if not all property that I have ever seen in Mainland China seems to be jerrybuilt. Some buildings collapse (or are condemned and are demolished) but three or four years after initial construction. |
|
| Back to top |
|
|
latefordinner
Joined: 19 Aug 2003
Posts: 973
|
| Posted: Wed Jun 27, 2007 6:42 am Post subject: |
|
|
Quoth 11:59
| Quote: |
| Some buildings collapse (or are condemned and are demolished) but three or four years after initial construction. |
<gulp!> Our building is 4 years old. No wonder we were able to buy our own little shoebox this year. |
|
| Back to top |
|
|
vikuk
Joined: 23 May 2007
Posts: 1842
|
| Posted: Wed Jun 27, 2007 9:32 am Post subject: |
|
|
| Quote: |
| Nobody is talking about buying land in a small farming village hundreds of miles from the nearest telephone. |
At 1,000/m I think you'd be looking at some pretty poor areas!!!!!! |
|
| Back to top |
|
|
Joe C.
Joined: 08 May 2003
Posts: 993
Location: Witness Protection Program
|
| Posted: Wed Jun 27, 2007 2:31 pm Post subject: |
|
|
| vikuk wrote: |
| Quote: |
| Nobody is talking about buying land in a small farming village hundreds of miles from the nearest telephone. |
At 1,000/m I think you'd be looking at some pretty poor areas!!!!!! |
Wrong again.
In many of the smaller cities in Guangdong province you can buy new properties for about 1,600 - 1,800 RMB per m2. Previously owned constructions are hovering right around 1,000. |
|
| Back to top |
|
|
vikuk
Joined: 23 May 2007
Posts: 1842
|
| Posted: Thu Jun 28, 2007 4:11 am Post subject: |
|
|
| Quote: |
Wrong again.
In many of the smaller cities in Guangdong province you can buy new properties for about 1,600 - 1,800 RMB per m2. Previously owned constructions are hovering right around 1,000. |
wowwwwwwwwww the smaller cities of Gaungdong - they sound like tempting places to put down roots 
Better not laugh too much - since those who do invest will probally be laughing all over me in 5 years or so!!!!! |
|
| Back to top |
|
|
Joe C.
Joined: 08 May 2003
Posts: 993
Location: Witness Protection Program
|
| Posted: Thu Jun 28, 2007 7:01 am Post subject: |
|
|
| vikuk wrote: |
| Quote: |
Wrong again.
In many of the smaller cities in Guangdong province you can buy new properties for about 1,600 - 1,800 RMB per m2. Previously owned constructions are hovering right around 1,000. |
wowwwwwwwwww the smaller cities of Gaungdong - they sound like tempting places to put down roots
Better not laugh too much - since those who do invest will probally be laughing all over me in 5 years or so!!!!! |
Probably not tempting for you as I hear gay bars are few and far between in those cities, but almost every city in Guangdong province (aside from the more obvious Guangzhou, Shenzhen and, to a much lesser extent, Zhuhai) has a higher standard of living than virtually any other place in China with the exception of Beijing and Shanghai. |
|
| Back to top |
|
|
vikuk
Joined: 23 May 2007
Posts: 1842
|
| Posted: Thu Jun 28, 2007 11:11 am Post subject: |
|
|
| Quote: |
| but almost every city in Guangdong province (aside from the more obvious Guangzhou, Shenzhen and, to a much lesser extent, Zhuhai) has a higher standard of living than virtually any other place in China with the exception of Beijing and Shanghai. |
wowwwwwww you don't say - and I'm sure I'll find 1000/m property to buy in these high living standard areas. Joe - thanks mate - you're a mine of usefull info |
|
| Back to top |
|
|
englishgibson
Joined: 09 Mar 2005
Posts: 4345
|
| Posted: Sat Jun 30, 2007 4:27 am Post subject: |
|
|
so are you
| Joe C. wrote: |
| englishgibson wrote: |
yes, smaller cities have prices at 1,000 RMB or even lower...a few months ago i was tempted to buy a 130 square meter home for 130 000 yuan in southern guangdong, but the view out of it was not "tempting" enough
| Joe C. wrote: |
| englishgibson wrote: |
as far as i know China does not allow a "dual citizenship", so if any lucky foreigner wished to become a Chinese he/she would've to give up his/her first citizenship
after leavin' for a period of time, i'd wonder whether i'd have to come back to China on an "L" visa as a tourist, if i owned a 150 000 yuan home in the country...i mean would i be a "resident" in this lovely country |
Right.
Unfortunately owning property in China, unlike in other countries, doesn't help when it comes to getting a visa. |
that should worry laowai property owners, shouldn't it? can you imagine not being able to get any entry visa to a country where you own a home |
Why should it worry anybody? In case you haven't noticed, buying property in the US doesn't qualify you for squat, either. It's rather naive to believe that just buying property means a country is obligated to provide special visa terms. |
i thought that one buyin' a property in the US could get a legal residency there as well...sorry if i was wrong
| Quote: |
| ..almost every city in Guangdong province (aside from the more obvious Guangzhou, Shenzhen and, to a much lesser extent, Zhuhai) has a higher standard of living than virtually any other place in China with the exception of Beijing and Shanghai. |
that's quite true...i've just been to Nanhai Guangdong which is really expensive...by the way, i just got married there, although i live and work eslewhere in China
| Quote: |
| wowwwwwwwwww the smaller cities of Gaungdong - they sound like tempting places to put down roots |
there are cities like Guilin, Beihai in Guanxi or Maoming in Guangdong that i might know a bit about and those cities aren't too bad to invest in real estate...well, in my opinion 
peace to wowwwwwwwws of some
and
cheers and beers to ideas where to buy our own shoeboxes in China
_____________________________________________________________
Note that Nanning (Guanxi) is at about 3,000-4,000 a square meter but Baihai (Guanxi) is at apparently half that price
What's the topic |
|
| Back to top |
|
|
Joe C.
Joined: 08 May 2003
Posts: 993
Location: Witness Protection Program
|
| Posted: Sat Jun 30, 2007 9:28 am Post subject: |
|
|
| englishgibson wrote: |
| i thought that one buyin' a property in the US could get a legal residency there as well...sorry if i was wrong |
No, it doesn't get ya anything ... not even a tourist visa. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
