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Thread: Seeking locals help on all Chongqing matters!
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[quote=CYTOKKY ,7936]I think the average prices of apartment in CQ is about RMB2500 per square meter currently, although those apartments in central CQ CBD can cost up to RMB6000-7000 per square meter for those with premier location. Legal procedures is quite straightforward, although i think foreigners will have to pay in full, rather than getting a bank loan as not many banks lend to foreigners, but think a few foreign banks are going to set up branches in chongqing soon, so this may change soon. Do note that the land is only for a 50 year lease, very different from singapore where it is usually 99 year. There are many websites on property purchases in China, if you want more information.I won't say i like Chongqing very much, but i think that it is a city with great potential, esp when it is now a municipality under the control of the central government. So you can find lots of opportunities around. The city is also poised for significant growth in years to come. However, the living environment in CQ is not very good, lots of pollution, traffic jams, ultra hot weather, although cost of living is cheap. I think many singaporeans would not be used to the living environment there.CheersIn a singaporean point of view, can you explain what makes you have a liking to CQ?Thanks![/quote]
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