GoKunming Forums

House Ownership Redbook

HFCAMPO (3062 posts) • 0

Fang Wu Suo You Quan Zheng - 房屋所有权证.

Guo You Tu Di Shi Yong Zheng - 国有土地使用证.

Here are some terms to research and learn before buying a house - They may have an impact on the HuKou.

1 - Hua Bo - 划拨 - Transfer -
2 - Chu Rang - 出让 - To Sell -
3 - Shang Ye Fang - 商业房 - Commercial -
4 - Zhu Zhai - 住宅 - Residential -

laotou (1714 posts) • 0

Heard at a notary public in China, when asked about how to transfer ownership of a property from parent to child, "Wait for the parent to die"...

An expert notary came out shortly after to give considerably more professional advice - to include tax consequences.

From what I understood, there are three ways to own property:

1. Inherit
2. Purchase
3. Gift

As suspected - the notary also related, there is NO limit on the number of residential or commercial properties a company may purchase or own - at least in Kunming and potentially greater Yunnan.

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