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FIND YOUR DREAM HOME OR APARTMENT
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This is not the home shopping network.
117 USD/ sq. ft. does not sound unusual for the U.S. and Europe, but I'm wondering how most Chinese workers can afford this on a salary of less than 3 USD/hr.
How many square feet does the 'average' Chinese family require in which to live?
The realtor presents only a portion of the expenses associated with home ownership. I know it all too well! Over a ten year period we have been faced with expenses a renter will never have such as: taxes, a new furnace, a new air conditioner, repairs to wiring, a replacement window, plumbing expenses (repeatedly), water bills (rarely passed on to apartment tenants I understand), cleaning up a flooded basement, repairs to a ceiling caused when a pipe started to leak, and on and on. . . . these are the joys of home ownership.
The way I see it, the landlord pays all of these if you live in an apartment and if you don't like the apartment or if the neighborhood changes or if you want to live in another city, you just pack up and leave at the end of your lease.
And did I say that our house now might sell for about one half of what we paid for it? We feel stuck here.
Then, do you know how much house does over 1million Chinese Yuan buy in China?
In Chengdu, the capital of Sichuan province, a province in southwest China, the average price of each square meter is some 8,000CNY, i.e. 6,667CNY per square yard, or 743.5CNY per square feet, or 117USD per square feet. How's that? Do these measurement units make sense to ya?
We can do it this way:
- 2-storey lakeside villa: 4+ bedrooms, 2+ living rooms, swimming pool, 2+ baths...
- 159 square meter, or 1,711 square feet
- Quality property management service
- Good security
- And more...