China » The Purchase Process

If you are planning on living in Shanghai, it is likely that you will be living in an apartment/condo versus a house. Make sure that modern equipments, such as electricity and water should function to the maximum. 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. It is good to check everything yourself. 

With last year's incredible growth of the property market, the Chinese government implemented a variety of measures to dampen the market in the short term such as increase capital gains tax. Bearing in mind that private property ownership has only existed in China for a handful of years, the Chinese government are being very cautious about controlling all growth, and with prices in central Shanghai still a third of other global financial centres, these may be unwelcome in the short-term but are actually very sensible moves.