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.
Snapshot: A trip to the world's tallest bridge
发布者Some of those villages might still be quite isolated, as the connections to the highway might still be hard to reach.
$17 billion Chongqing-Kunming railway nears completion
发布者The train won't suffer fog or China Eastern delay disease either.
Spring City's tallest skyscraper nears completion
发布者Tier ones, in the downtown/CBD areas will always be a good bet, but not so good in the suburbs unless serviced by or soon to be serviced by, Metro/subway lines.
Lower tier cities also have potential. Henan, Zhengzhou has boomed. Due to the city being named as an expanding rail hub for the Belt and Road initiative. Also, anywhere not yet serviced by a metro line. There is still room in this latter category in Kunming, but there is a need to be fast as the metro line as planned should be completed by next August.
I would also avoid buying new. Some of the more upmarket villas in SW Kunming are very poorly built, many are apartments and villas are overpriced and people are fighting to buy the more affordable.
Buying second hand may be less of an investment opportunity, unless a new metro line is going through. However, you can see quality or other issues more clearly and find out the reputation of buildings and management, you can buy already decorated (ready to occupy), there will be fewer unknowns.
Mid-Autumn Festival, China's harvest celebration
发布者Translation is perhaps a better word than adaptation. There are over 40 translations of the poem listed here www.google.com/[...]
Mid-Autumn Festival, China's harvest celebration
发布者The story of Li Bai always reminds me of:
The Little Fete
by J.C. Cooper
I take a bottle of wine and I go to drink it among the flowers.
We are always three -
counting my shadow and my friend the shimmering moon.
Happily the moon knows nothing of drinking,
and my shadow is never thirsty.
When I sing, the moon listens to me in silence.
When I dance, my shadow dances too.
After all festivities the guests must depart;
This sadness I do not know.
When I go home,
the moon goes with me and my shadow follows me.