Real Estate in Shekou, China
Last updated on May 04, 2024
Summary: The most desirable neighborhoods in Shekou, China are Sea World, Houhai, and Shekou Port. The average cost to buy a nice 2 bedroom home in Shekou is around $400,000 USD, and a nice 3 bedroom home is around $500,000 USD. These properties typically include modern amenities such as air conditioning, high-speed internet, and a balcony. There are no restrictions on foreign ownership for properties in Shekou. An expat should search for a home to buy in Shekou by researching the different neighborhoods, looking at listings online, and visiting the area to get a better feel for the area. It is also important to consult with a real estate agent who is familiar with the area and can provide advice on the best properties to buy.
How do I find a place to live in Shekou?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Shekou, can be done through a variety of avenues. The most direct way is to use the services of local real estate agents. Most agents are familiar with the area and can help you find properties that meet your needs. Additionally, there are many online sites like RentFaster, 5i5j and SouFun that list available homes in Shekou. Additionally, there are many WeChat and other social groups dedicated to helping people find housing in Shekou. Lastly, you can use classified websites, such as 58 and Ganji, to search for and contact landlords who are renting properties in Shekou," said one person in Shekou, China.
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What is a typical expat home or apartment like in Shekou?
"Expat homes and apartments in Shekou, typically feature large living spaces, comfortable bedrooms, and well-appointed kitchens. Most have balconies that offer sweeping views of the city, soothing hillside scenery, or a rainbow of brightly-colored kites skimming across the sky. Amenities commonly found in these residences include air-conditioning, modern appliances, and the latest in technology. Security and safety features such as video intercoms, CCTV cameras, and secure doors ensure a secure living environment for its occupants. The close proximity to many leading international schools and superb transportation links makes it a popular destination for expatriates living in the area," remarked one member in Shekou, China.
What is the average cost of housing in Shekou?
If you are thinking about moving to Shekou, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Shekou varies depending on the area and type of property. Generally, apartments and houses can range from moderately-priced to luxurious, with most average-priced options being on the high end. Prices of single-family homes can range from 10,000 Yuan per square metre to more than 25,000 Yuan per square metre," remarked one member in Shekou, China.
Should I buy or rent a home in Shekou?
If you have not spent a lot of time in Shekou, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"When considering whether to buy or rent a home in Shekou, it is important to consider your long-term plans. Purchasing a home in Shekou is a good option for those who plan on staying in the area for several years. Buying a home also offers the potential for a financial gain in the future if the value of the property increases. However, renting may be more cost-effective in the short-term, and allows more flexibility and freedom since tenants can choose to move at the end of their lease. Ultimately, the decision to buy or rent should depend on an individual's own budget, timeline and goals," remarked one member in Shekou, China.
What do I need to know when buying property in Shekou?
When we asked expats what advice they would give a foreigner before buying a property in Shekou, they said:
"1. It is important to research the local market and understand the current trends in the area before making a purchase. 2. It is important to understand the local laws and regulations regarding property ownership and rental agreements. 3. It is important to understand the local tax laws and any other fees associated with purchasing property in Shekou. 4. It is important to understand the local infrastructure and amenities available in the area. 5. It is important to understand the local culture and customs when purchasing property in Shekou. 6. It is important to understand the local banking system and any restrictions on foreign ownership of property. 7. It is important to understand the local real estate market and the availability of properties in the area. 8. It is important to understand the local rental market and the potential for rental income. 9. It is important to understand the local housing market and the potential for capital appreciation. 10. It is important to understand the local economy and the potential for economic growth in the area," said one expat in Shekou.
Are foreigners allowed to own property in Shekou?
When we asked expats what advice they would give a foreigner before buying a property in Shekou, they said...
"Yes, foreigners are allowed to own property in Shekou. According to the Chinese government, foreign nationals are allowed to purchase residential property in certain areas of the country, including Shekou. However, they must obtain approval from the local government before they can purchase a property. Additionally, foreign nationals are not allowed to purchase agricultural land or land designated for industrial use," said one person in Shekou.
What appliances are typically included in a rental?
We asked foreigners in Shekou what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Shekou, rental properties typically include a refrigerator, washing machine, air conditioner, and water heater. Other common appliances may include a microwave, oven, and range. Depending on the property, some may also include a dishwasher, television, and other electronic devices," explained one expat in Shekou.
Additional Information about Searching for a Home in Shekou:
We asked foreigners in Shekou what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Shekou by looking online for real estate listings, contacting local real estate agents, and asking other expats for recommendations. They can also search for expat-friendly housing communities and look for rental postings on social media. Additionally, they can attend local expat events and network with other expats to find out about available housing options," said one in Shekou.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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