Cost of buying apartment in Guangzhou

[jmike]

I want to know how much a decent 2 bedroom apartment in the Panyu district of Guangzhou would run. If I can afford to do so, can I buy one even though I'm not a Chinese national? I'm looking to buy not rent.

Thanks in advance!

[rezaf]

have a look at this:

http://guangzhou.anjuke.com/v2/sale/W0QQp1Z269QQpZ1QQdsmZmmQQp5Z43

[jmike]

Is there anyway I can view this in English?

[rezaf]

I don't think so, but here is a brief vocabulary:

at the top you can see

售价（price):

面积（area):

房型（the number of the bedrooms)

using them you can limit your search.

平米= square meter

室=room

厅=living room

元=yuan

万=10000 yuans, so 50万 means 500000 yuans

楼层=floor

单价=price for 1 square meter

[rezaf]

I don't know about the regulations in Guangzhou but here in Shanghai a foreigner should have lived in China for at least a year before he is allowed to buy an apartment. There are some difficulties for foreigners in terms of buying and selling apartments in China but nothing serious and you should consider the tax when you sell the apartment. I think you should keep the apartment for 2 years before you sell it otherwise the tax will be high. One more thing, It's hard to take a loan as a foreigner unless you are buying the apartment with a Chinese person like your wife or whatever. If you share the ownership then it will be easier.

[viener]

1, what kind of house would you like to buy? is a second-hand house accepted?

2, what price are you able to afford? RMB 500,000?

[BrandeX]

I live in Clifford Estates, Panyu. Anything I'd consider decent and want to own starts around 1 million rmb. I rent instead. My current apt. I am renting (1600rmb a month plus utils) is for sale for 600k by the owner, but I wouldn't want to own this particular one.

Edited March 6, 2010 at 04:11 AM by BrandeX

[viener]

You live in 祈福新村 ?

Since the apartment you are now renting meets your requirements, why not buy it straight?

[jbradfor]

They are asking 500x selling price over the monthly renting price? Not sure about Guangzhou market, but compared to worldwide standards that seems really high. They are either asking waaaay to much for that, or you're getting a really good deal on rent.

[viener]

why you change your account name every now and then?

I had visited your home page (onplanetchina.com) it tell me that you got a Chinese wife, then why not inquire your wife for these information?

[chrix]

viener, BrandeX is not the OP (楼主), jmike is.

[BrandeX]

You live in 祈福新村 ?

Since the apartment you are now renting meets your requirements, why not buy it straight?

It does not, and I don't have that kind of money anyway. For something approaching 100k USD if I had that kind of cash, I'd go back to northern MN and get a 5+ bedroom home on a lake with garage, and many acres of land, etc. before a little apt. in China.

[jbradfor]

I live in MN (SE MN, though), and you can't get that for 100k. Several acres by a lake, yes, but you're not going to get much of a house. Maybe 200k if you're OK living in the middle of nowhere.

[BrandeX]

SE MN is not the Iron Range I guess