Chengdu Real Estate ... 
  Should I rent or buy an apartment in Chengdu, China?
China Travel and Hotel Guide

Chengdu Real Estate Calculator

Finding a Home In Chengdu
If you plan to rent or buy a property in Chengdu, finding your property will be a major step in your relocation to Chengdu. If you have not lived in Chengdu, you should rent rather than buy your property in Chengdu, at least for six months. If you would like to rent or buy a real-estate property in Chengdu you may email us at webmaster@china-travel-guide.de with your real-estate questions.

It is the best way to know not only if Chengdu is the place you want to live or retire for the next few years, but also if Chengdu is suited for you.




Apartments & Houses in Chengdu
If you are planning on living in Chengdu, it is likely that you will be living in an apartment/condo versus a house.

Please make sure that modern equipments, such as electricity and water should function to the maximum. Please double-check and make sure electrical outlets are located in every room and functioning.

Make sure you turn on the water and make sure that hot and cold water is functioning and flush the toilet, turn on the shower. Don't count on real-estate agents in Chengdu to point out the negatives of a place they're trying to rent or sell you.

Chengdu Agencies
Real-estate agencies in Chengdu advertise in local Chengdu newspapers and as well on their office windows.

You should be able to notice a real estate agency in Chengdu by the window full of ads for the different apartments or houses they have available for rent or sell in Chengdu.

Before you begin working with an agency in Chengdu, check that their fees are acceptable and that they are a member of the Chengdu Real-estate Assocation. In most rental agreements in Chengdu most agencies charge a month's rent for a twelve-month rental agreement.

When selling a property in Chengdu, real-estate agents in Chengdu usually charge between 2.5% and 3% of the final sales price.
Monthly rent Chengdu:RMB
Monthly Chengdu rental insurance:RMB
Expected annual inflation rate in Chengdu:  %
Purchase price of property in Chengdu:RMB
Down payment amount:RMB
Length of Chengdu mortgage term (years):#
Chengdu Mortgage's annual interest rate:  %
Discount points on purchase of home in Chengdu:  %
Origination fees:  %
Other loan costs in Chengdu:RMB
Mortgage Insurance (PMI):  %
Chengdu Homeowner's insurance rate:  %
Monthly association dues in Chengdu:RMB
Average monthly maintenance of Chengdu property:RMB
Chengdu Annual property tax:RMB
Chengdu plus government income tax rate:  %
Interest rate you expect to earn on savings in Chengdu:  %
Expected percentage your Chengdu home will appreciate by each year:  %
Number of years you will stay in Chengdu:#
Chengdu Realtor commission rate:  %
Total estimated cost of renting a property in Chengdu:RMB
Total estimated cost of buying a property in Chengdu:RMB
After coming to an agreement on a rental or purchase, both parties in Chengdu sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Chengdu with a tax stamp has been purchased and affixed to ther agreement. You have to make sure before finalising the lease or purchase that the official seal of Chengdu will be affixed to the agreement.

Renting
Real estate agencies in Chengdu are the safest way if you want to rent or buy a property in Chengdu. Please make sure they are a licensed agent in Chengdu and very familiar with the Chengdu property market.

Local newspapers in Chengdu also advertise apartments and houses for rent, but word of mouth is the best way in Chengdu. If you are currently an academic in Chengdu, you could check local at local universities in Chengdu, where apartments or rooms for rent are commonly posted.

In general rental rates in Chengdu, increase by a small percentage each year in accordance with the government's annual cost of living reports in Chengdu. You can find yearly leases in Chengdu, and more short-term housing is available near academic institutes or around tourism areas within Chengdu.

Short-term tourist housing in Chengdu is fully furnished and most of the time fully equipped. If you have the budget, you could rent a serviced apartment in Chengdu.

If you want to buy a property in Chengdu, I would highly suggest you to have the property checked out by yourself and hire a lawyer in Chengdu to check how much debts the property has currently registered and if those numbers matched with the seller of the property in Chengdu.

If you are buying a brand new property, you'll need to pay property tax in Chengdu. If your purchase is a luxury property, you may have to pay local taxes in Chengdu and possible stamp duty.

Even as a non-resident homeowner in Chengdu, you may become liable for all kind of taxes in Chengdu, including income tax.

Chengdu Mortgages
If you plan to take a mortgage in Chengdu you need at least a 20% downpayment of the purchase price of the property in Chengdu. Even if you generate rental-income from renting your Chengdu property out, it is not considered by most lenders as you may decide to move in, at a later time.

The Chengdu Real Estate calculator will help you to compare the costs of renting a house or condo in Chengdu to the costs of buying a house or condo in Chengdu. Since there are all kinds of forces at work behind the scenes such as the current interest in Chengdu, Chengdu property taxes, tax savings, appreciation in general to investments in Chengdu, comparing the cost of renting to the cost of buying in Chengdu is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment.

The Chengdu Calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision before buying or renting a property in Chengdu.

Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.

NOTE: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields.

Property Types in Chengdu

  • Chengdu Multi-Family
    Traditional, multi-family residential complexes located in Chengdu and suburban markets of Chengdu.


  • Chengdu Mixed-Use
    Properties in Chengdu that integrate and combine residential with different uses, including retail and office spaces.

  • Chengdu Office
    Traditional office or office type properties in Chengdu.


  • Chengdu Retail
    Properties in Chengdu with a mix of tenants that meet the convenience needs of neighborhood residents, including video stores, grocery, and financial services companies within Chengdu.


  • Chengdu Light Industrial
    Single- or multi-tenanted spaces in Chengdu used for warehouse, manufacturing, distribution, or research and development in Chengdu.


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