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.
Yunnan ultra-runners are taking on the world, and winning
发布者Typo, edit.... now it is Yunnan's turn.
Yunnan ultra-runners are taking on the world, and winning
发布者Lots of high altitude training (everyday life) benefited Ethiopian runners, not it is Yunnan's turn. Go for it.
Elephants kill farm worker in southern Yunnan
发布者Fire is also responsible for many deaths, as is disease .
Snapshot: Tea, roast duck and other surprises in Yunnan's Yiliang County
发布者Does anyone know if the back road has re-opened after the engineering work?
Interview: Last Days of the Mighty Mekong author Brian Eyler
发布者I would guess that large infrastructure projects may be treated as state secrets. Sites may not be off limits (to Chinese nationals), but rather like collecting phone numbers/addresses, or using a GPS to map routes, it could get non-nationals into trouble.