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

Guangdong Real Estate Calculator

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

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


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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Guangdong 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 Guangdong.

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 Guangdong

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


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

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


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


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

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