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Are rules different when buying real estate????
Jul 14, 2006 02:01
  • DIMSUM
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Hello again!
Need information about chinese purchasing real estate vs foreigner buying real estate.
Are prices the same? Same costs / different costs? Different requirements? How about a Villa, do you own the land or is it leased from the government? Condos in high rises, can you own the air space because it is not on the land?
Curious how it works (the process in purchasing)
Jul 17, 2006 01:50
#1  
  • BELLELI
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Not sure whether the price is the same between Chinese and foreigners.

Just know for condos in high rises, you can't own the air space. As far as I know buying a house in Hainan, you just get the ownership for 60-75 years.
Jul 17, 2006 20:33
#2  
  • CALIFORNIA
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Hi,Belleli,

70 years ownership!!!
Jul 17, 2006 20:38
#3  
  • CALIFORNIA
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By the way,

For house,apartment,like these for living,70 years ownership;

For office building,50 years ownership;

For commerce site,40 years ownership.
Jul 17, 2006 20:46
#4  
  • MAY001
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Wow, Cali, you are an expert!
Jul 17, 2006 20:54
#5  
  • CALIFORNIA
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Haha,May,

It is in the law:-)
Jul 17, 2006 20:56
#6  
  • BELLELI
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? Really, Cali? As far as I know, some apartments in Hainan just have 60years ownership, and some have 75years ownership.

Don't know. hehe...
Jul 17, 2006 20:59
#7  
  • CALIFORNIA
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Haha,Belleli,

I am sure there was no 60 or 75 years ownership,haha:-)

Does Hainan in China???Haha!!!
Jul 18, 2006 21:30
#8  
  • BELLELI
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:) Don't know, maybe you are right.

Have a nice day! Cali.
Jul 19, 2006 00:46
#9  
  • CALIFORNIA
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Haha,you too,Belleli:-)
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