Foreign nationals are generally restricted to buying one property for their personal use, although business organizations may purchase more for the use of their employees. These properties can be anywhere in the municipality apart from areas classified as “sensitive” by the government. And you should check that the developer or seller has been given clearance to sell to foreign nationals. You should also check that your agent has conducted thorough checks on the seller, including, in the case of developers, their registered capital and commercial credit.

Each property should generally have five certificates: a certificate for the use of state-owned permit, a project planning permit, and a permit for the advance sale of the property. Contracts are generally standard, but should still be checked thoroughly. Some points to double check include:

• The hand-over date
• What responsibilities fall to the developers in the case of late delivery of a property
• Special stipulations regarding any changes to the standard property layout
• Quality guarantees
• Provision of utilities and broadband

When buying the property, the funds must first be converted into RMB. Foreign currencies cannot be used, even by transferring from the buyer’s foreign exchange account. If the deal cannot be completed, the funds can be converted into a different currency and remitted to a foreign exchange account or overseas account.

Obtaining a mortgage can be difficult for foreign nationals in China. Banks tend to have their own individual regulations, so it is worth shopping around. Normally you will have to provide a revenue certificate, education certificate, credit certificate and a local guarantor.

It is worth pressing the developer for a payment by installments methods of purchase, with the final payment made upon delivery of the property. The money can also be entrusted to a third party such as a law firm to avoid any “misunderstandings” with the developers.

When the property is ready for the handover, you should first inspect it thoroughly, and maybe bring in some experts recommended by your agent to check the quality. The developer should give you a “letter of guarantee,” and you will have to sign to confirm you have received the keys and a “letter of handover.” However, make sure that you are satisfied with the property before signing these last two documents. If you are not satisfied, you should raise any concerns with the developers and ask for a response in writing to protect your rights later. Finally, you should check that everything listen on “the form of final acceptance of construction” has been completed and that the form has been sent to the relevant supervisory departments.

After selling a property, paying all relevant taxes, and being granted permission by the departments responsible for foreign exchange, the funds may be converted out of RMB, transferred into a foreign exchange account or out of the country.

Additionally, thanks to concerted government efforts, issues such as crime have been decisively dealt with and crime-rates have fallen drastically making the city one of the safest in China.

Chongqing’s unique culture and situation in the heart of China make it a fascinating place from which to explore western China and beyond. With a history stretching back millennia, the municipality is home to a fascinating array of ancient sites and monuments whilst its stunning mountain scenery, home to rare species such as the golden monkey and the south China tiger, offer expats a range of outdoor activities. It is also a growing transport hub for central and western as western Sichuan or Tibet, city-breaks in Shanghai or Hong Kong, or holidays throughout the Asia-Pacific region.

Relocation services

For expat staff, relocating to a new city, and maybe city in a new country, can be an arduous and worrisome task. To smooth the transition, Maxxelli Real Estate provides a complete relocation service for foreign nationals.

Maxxelli has experienced multilingual staff, and an established track record of providing excellent professional assistance to employees of small, medium and large international companies.

Chengdu, the city you came to, and you never want to leave

The Arcadia Court
- Located in the south of Chengdu, near center of Chengdu.
- Near the subway, municipal parks, Ito-Yokado’s, the largest flagship supermarket in Chengdu, and Tianfu International, the new foreign international community
- High-quality property management team, a very unique style of decoration, from Hong Kong developers
- Paradise Island marine park near the eye, which covers business, entertainment, restaurants, theme parks, hotels, art center and other variety of city functions

Please see the following project profiles for more information
E-mail address: marketing1@maxxelli.net
Tel: 4000 150 600

Is it not strange: the little scissor used for cutting toenails is taken from you, also bottles of water and wines? But the cell-phone, which according to the cabin staff security lecture can tilt the entire airplane out of balance, is allowed to take on board.

So what happens if someone decides to call or SMS during take-off or landing? Are the airlines taking a chance by allowing cell-phones on board? Is the cell-phone really a security risk?

Cell-phones can in the first hand disrupt communication systems in the cockpit. In second hand it can affect the navigation system. It can mean danger, but a cell-phone that is switched on does not constitute a big enough security risk to motivate a prohibition to carry it in the cabin.
Since there are no accurate tests that can be made it is hard to know how much the cell-phone might cause disruptions. So why do you have to switch of the cell-phone during take-off and landing? An overall conclusion can be put like this:

“There are reports which prove that cell-phone usage does NOT cause disruption in aviation systems, but there are reports that have shown it might be so. “

Another perspective is that during take-off and landing radio beacons are used to secure the aircrafts position in relation to the landing strip. If radio-active equipment disrupt the sensitive receivers on the plane, manual and visual methods must be used, which increases the risk of danger during bad sight and sudden events.

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The most studied function of capsaicin is its analgesic properties, or pain relief shown in studies for fibromyalgia and osteoarthritis, which shows its potential in blocking the sensory receptor and is the basis for a medicine used for pain relief against osteoarthritis. Anti-cancer activity in capsaicin is related to prevention of cell differentiation and migration, the hallmark of cancer growth. Capsaicin has been shown to prevent clotting factors and aggregation factors important in the prevention of cardiovascular diseases such as heart attack or stroke. Chilies are rich in vitamin C and carotene, and are a good source of most sorts of vitamin B.It is therefore a healthy fruit and also a fruit with social benefits, as it often lets people experience constrained risks in the sense of the spicy extreme sensations that are evoked.

Enjoy the spicy Xi’an foods, if you dare!

Please contact Maxxelli for any further informations or leave a comment.

Hot Property Feb. 2012_First Edition_