Can man say it's love?

[Willy The Londoner]

70 Years only David!   Well I am 60 now so you mean I have only got another 70 years in the place I want to buy then I am out!!!   What will I do then at that age?

Willy

[Chong]

Here in Kaiping,Guangdong ... it's 60 years. Our building is brand new. We pay 90 RMB per month towards security and maintenance. My mother-in-law's place is 20 years old and looks like a rat hole. I'm not kidding, there are mices and roaches in the staircases. Residents just care about their interior space and not the common areas. They don't have any security or maintenance program in place.

My wife says that community property is the law in China for residence homes regards husband and wife.

[David5o]

Chong,

That's right, it is normally 60 years but there are a few provinces that issue 70 year leases. I've never heard of, or come across a 99 year lease to date...

Yes it is the common areas that are left uncared for. Some owners/residents will clean outside there front door, but they are few and far between...lol!!
Some of the new ultra modern developments are incorporating  communal area cleaning into there maintenance charge, which will cover communal staircases and floor lobbies, as well as the external communal areas.

Lots of improvements need to be made in the construction and provision of maintenance facilities on new developments. It is improving, but far too slowly, ....basically because of the costs involved in such improvements!!!

David.....

[ttwjr32]

ive never heard of the 99 year lease either but i am glad to hear westerners
can buy in other cities. I live in Guangzhou and for what ever reason they seem
to be the first in many matters i China for whatever reason. looks like they were
dragging their feet on this one.

we pay 75 a month for our outside maintenance and i must say they do a really
great job here. they paint the stairwells when needed, they repaint the gates every
other month but it amuses me they dont know what a drop cloth is. on one side you
can see were the paint bucket was as he dripped paint walking with the brush to
paint the gate lol!!!! that is just to funny  move the bucket closer to your work???

they also wash down the stairs every last day of the month so when you get to
the front gate on the last day at mid day you can have a koi pond there but i
must really give them an a for effort

but the building is 9 years old and you would think its as old as i am and thats old lol!!!
and they empty the trash buckets outside at 5 am and at 7 pm

[David5o]

The main problem for these buildings looking like ''Tips'' after just a few years, is that there is no provision for maintenance of the exteriors to these blocks. On similar western buildings provision would be made for cradle hoists so that cleaning is provided for, along with painting and minor exterior repairs...

If only some of these developers utilised some of the modern exterior surfaces and paints, (many of which are ''self cleaning'')....these buildings could easily look so much better than they presently do after 5 to 10 years!! With so much pollution in Chinese cities they really do need these modern finishes on their buildings.

But alas the Chinese business philosophy once again comes into play, and saving a few RMB is far more important than what there building is going to look like, a few years down the line.....

David.......

[rockycoon]

On the cleaning, heck, what does it take to get a broom and sweep your porch or the entrance, perhaps put a flower pot or two
next to your door.  A little sprucing up takes nothing and can be infectious with the neighbors.  Rats, mice and other critters would
not come around.  Doesn't anyone care around there at all  :huh:   The parks are beautiful and outside is the same, so what is
the problem with were they live  I would think that my front porch would be the first thing.  Climbing over garbage to get
in my room is just beyond my thinking. :s

[David5o]

rockycoon,

Yep!!, I couldn't agree more with you, the mind just has to boggle as to what they are thinking, by leaving all that crap outside there own front door!!!  

David....

[Neil]

Rocky, I would imagine the reason parks are so beautiful is because they are state owned and maintained.  Wake up early and you'll probably see the army of cleaners.  Streets too.

[David E]

David E,

You sure it's a 99 year lease?? The most i've seen is 70 years, then the government can take the property back, unless they let you renew the lease of course.

David....

My "Brother-in-Law -to-be" is handling all the detail, and I am only listening to what he is telling me !!....he is a "High Power" in the Local Government...so who knows what will transpire in the end. But if it's only 50, 60 or 99 years Lease, I wont give a hoot !!!...I'll be pushing up daisies long before then !!!

Just seems a better idea than having to rent short-term or stay in Hotels when I go to China with Ming to see family etc . And just maybe she will eventually persuade me to stay there and teach or something :icon_cheesygrin:

Anyway, I will get to find out the real story next week when I am over there (Yippee !!!!!)

David

[David5o]

David E,

Yeah, you go have a great trip now, ...nothing like knowing, what your going too and who your going to be with.

As i said all the properties that we have bought came with a 60 year lease, apart from the last one, that had a 70 year lease. Like yourself we let Lucy's father sort out everything, if and when Lucy or i can't get there. Always seems to go much smoother when he does things anyway...lol!!!  One thing, the property you purchase will have to be in Ming's name, with your name showing, ....only what they call there ''an interest''  haha!!!

All our properties are in new developments and are basically our investments,  ....all are rented out!!! When we go to China, either together or on our own, we stay at her parents apartment, ....It's oldish, but a big un, around 200 sq/m!!  haha!!

Yes, Oh So True, we'll all be pushing up those daises long before any of the leases run out....lol!!

David.....

[David E]

Yes Dave

I agree that buying property in China for investment is a much better proposition than here in Aus. We cant get anything better than a dog box for less than a million dollars !!!

And our new "socialist" Government under Rudd the Mouth regards anybody who has more than $5 as a bloated plutocrat and must be taxed untill your nose bleeds !!!

I want to move as much of my asset base off-shore whilst I can...because this lot is eyeing off local assets as a potential taxation windfall :dodgy:

It is possible for me to legally use Ming as a foreign wife to own 50% of my assets...and this is the loophole I hope to dive through. Mind you, there is a risk...she could nip off with the lot and its all gone...that's why I have been so cautious in my search for my Chinese Princess (amongst other reasons ):icon_cheesygrin:

So I will have some interesting times in Chengdu for the next 2 weeks as I try to make this plan unfold !!

Cheers

David

[David5o]

David E,

Well when you find the right woman for you like i have, the idea of her running off taking the lot, just doesn't even come to mind. Jeez, ...i'd be a mental wreck if i did ...haha!!
Just in the 4 Chinese properties so far, i'm in for over 2 million RMB alone!!!!
No, ....I trust her completly as she does me. She's not short of a few bob herself, so money has never been an issue with her.

I agree, with your plan too, you have to use all means available these days to stop these thieving bureaucrats from getting there hands on your hard earned cash/assets. It used to pay to be up front with everything (well with in reason..lol!!) but these days it just doesn't pay to be honest at all, cause they will just want to take more ...haha!!!



David........

[ttwjr32]

i did that just liquidated everything and brought cash to China
 so the govt couldnt take anymore from me. thats a good idea to
 do this if your plan is to be here for the duration.

[ttwjr32]

well it been pretty quite here from Sly. maybe all the issues
are getting sorted out between the two of them which would
be a good thing

[Scottish_Rob]

Heard from sly the other day...This problem about his broadband is why he is not on as much...:icon_cheesygrin: