I cosigned my wife's mortgage with CCB. Her name is on the property deed, as it's seriously complicated to transfer title deeds for foreigners. There's some paperwork showing the paper trail of income and bank account cashflow but nothing spectacularly difficult or complicated to overcome. My name on the mortgage, but wife's name ONLY is on the property deed, so technically I legally own NO overseas property for home country taxation purposes.
There'll be a plethora of taxes and fees associated with either property transfer or a purchase. Your real estate agent should be able to provide a list. If they can't - you're using the wrong agent. The gov real estate office also has a list of fees and taxes - but they probably won't give you the time of day for casual requests for information.
If you buy a new property - expect to spend upwards of CNY 200-300k for renovation from bare concrete walls to a move-in livable space. We used a reasonably reputable interior design and decoration firm to manage the entire process. Infinitely less stressful. You should do your own research so you know prices of labor and materials, so you'll understand ballpark numbers BEFORE you go shopping. Also beware the bait & switch - which is why we used a reasonably reputable interior designer. We also aired out our apartment for a couple of months, stuffed the closets with large shopping bags full of tea to instill the tea aroma as opposed to the smells of glue and paint. Tea also functions as a desiccant (sucks humidity out of the air), so there's that. I would NOT advise using the tea downstream for drinking. Seems it's a well known rural practice amongst tea farmers (who probably resell the tea once its served its purpose).
On that note - generally, property or other major assets acquired AFTER marriage are considered community property in China - regardless of how one tries to hide or manipulate the assets.
Good luck and best wishes.
Winners: Best of Kunming Awards 2018-2019
Posted byThere were no losers in this annual award. Each nominee provides excellent venues. It would be nice if Gokm (hint hint) posted a list of the nominees also...and as an added compensated or not benefit - each nominee and winner could then post the Gokm award or nomination logo on their review sites in the Gokm listings (added revenues for Gokm, to help offset updates and enhanced or new features...just a suggestion.
Alliance Française opens in Yunnan's capital city
Posted byCongrats to Thomas and Alliance Francais on the long haul to re-introduce the presence of French culture to this province. Let's hope it's followed by mutually beneficial economic relationships.
France has exceptionally strong agricultural bases, so that'd be a great first step, followed by Airbus, France Telecom, etc.
Kunming's sustainable food scene, an interview with Mira Qi
Posted byExcellent and informative article on evolving China's food chain in a multilaterally responsible manner.
Interview: Marco Conti on 14 years of business in China
Posted byWonderful news and information - I'll be looking for Marco at the next YFB meeting.
Diaper Drive! Help buy nappies for in-need tots
Posted byYereth - would you please do an article on the Sunrise Foundation sometime. And if possible - post a wechat/alipay link for recurring or one-time donations?