Kevin Chan's Page

"i heard that you have to got resident permit/ work visa to loan and purchase an apartment. with L visa, don't think you can buy one."

"I've been here 6 years. I've asked many people about property ownership. I've gotten many answers, often conflicting. My conclusion: rent."

"And they call this super-inflation, or the effects of...sure it is Chinese bigwigs, how about a little more transparency! :-("

"its increased from the previous 1% to 15% or 17% w.e.f. April 1. source: article in Shenzhen Daily newspaper 10 days ago."

"sure you can buy just need to be sure about 1. purpose is for self stay not commercial 2. provide source of income 3. legally employed incase want bank financing. 4. if you plan to bring money from overseas there is a process for bringing money more…"

"Damn Right! "

"All foreigners are rich, we don't need no stinkin' banks!"

"and can go down just as fast when the bubble bursts or the government decides to strictly control it.  The one main factor though; Why in the hell would a foreigner want to buy property in a Communist country?"

"Sorry .........my norrow mind ,why i always think people they are bad ."

"Yep, right on both occasions. They should have a thread on here, "How much to transfer ownership". I have heard that at the moment it is 10,000 yuan, and in April, it is going to be 10% of the purchase price of the apartment. I don't…"

"If you really want the answer, you should ask agent."

"But jointly, they can purchase a few, as is the case in my situation."

"Why would foreigners want to invest their money here? :-)"

"no problem, you can buy one on a 30 day tourist visa."

"How's work permit related to buying an apartment?  You need a residence permit and not only they are not the same, but also not every work permit will allow you to acquire a residence permit (while I know it's a technicality, because…"

"You need a working permit that is already valid for a year as the requirement. "