Just to be clear, in case someone comes to this thread on page 3 and draws the wrong conclusion about the rental multiplier. The rental multiplier does not set the property value. It is just a crude indicator to the level of property prices, i.e. overpriced (bubble) or under priced (depressed). I have heard figures of 200-300x being used to describe a sensible level, but that is of course subjective. I have only heard it used in this way, for the domestic property market.
As for leasing values of commercial property, that is a totally different market. People buy commercial property with the aim to earn/rent it out usually, and not as an investment. About 5 years ago we were quoted commercial property rents in Kunming (not in prime locations) that were higher than they were in comparable districts (not prime locations) in Shanghai. I cannot suggest reasons for this particular form of madness, except just dumb avarice.
Construction to close portions of Second Ring Road for months
发布者These are major works. I would not be surprised if they find faults with the roadway that will require some reconstruction leading to delays in completion.
Protecting ancient cliff paintings in western Yunnan
发布者lets hope kilroy ding does not visit
Construction to close portions of Second Ring Road for months
发布者If they had finished the proposed metro lines first, this would not have been so bad. People could have more easily got to work, or where else they needed to be.
Scientists "99 percent" certain SARS originated in Yunnan bats
发布者He is trolling you, and you keep taking the lure.
Scientists "99 percent" certain SARS originated in Yunnan bats
发布者More absurdity.