Pudong Real Estate ... 
  Should I rent or buy an apartment in Pudong, China?
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Pudong Real Estate Calculator

Finding a Home In Pudong
If you plan to rent or buy a property in Pudong, finding your property will be a major step in your relocation to Pudong. If you have not lived in Pudong, you should rent rather than buy your property in Pudong, at least for six months. If you would like to rent or buy a real-estate property in Pudong 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 Pudong is the place you want to live or retire for the next few years, but also if Pudong is suited for you.




Apartments & Houses in Pudong
If you are planning on living in Pudong, 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 Pudong to point out the negatives of a place they're trying to rent or sell you.

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

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

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

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

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

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

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

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

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

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

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

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

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

The Pudong 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 Pudong.

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 Pudong

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


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

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


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


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


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