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

Sichuan Real Estate Calculator

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

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


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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Sichuan 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 Sichuan.

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 Sichuan

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


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

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


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


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

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