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.
New Kunming hospital to spearhead provincial heart health drive
发布者Was the pun intentional?
Baiyun Lu closed for 18 months, civilian "air raid shelter" to be built
发布者You probably couldn't get a mandate to redevelop an area and build an underground shopping mall. Especially if it causes major disruption.
There is an existing mandate to build bomb shelters, and there are added benefits to both the infrastructure and opportunities for business that can be captured too :-)
University in Yunnan requires students to run 240 kilometers for graduation
发布者? their?
University in Yunnan requires students to run 240 kilometers for graduation
发布者My university and tertiary students only had lectures between 8am and noon, Many didn't even turn up for lectures, but would turn up for exams. There is an old joke in China, that university is hard to get in (Gaokao), but easy to get out (very hard to fail). I was told by my Dean, in one provincial level uni., that if SS failed and exam they would resit up to twice and would be given an automatic pass after the second resit.
At a tertiary college in Kunming, I had about 30 regular SS out of 60 on the register, but 110 turned in exam papers. Half of them scored less than 30% (and I had pretty much told them the answers and where to find them (in the PPTs I gave them). Lo and behold, I was told by management that the SS all had to pass, including the guy who got 9%.
The problems of students staying in the dormitories, not working and playing computer games has been in the Chinese news several times in recent years. Unless the authorities have got a grip of this recently, I doubt it will have changed.
University in Yunnan requires students to run 240 kilometers for graduation
发布者I see opportunities for the jocks to earn a little extra cash.
As for university students being overworked, hahahahahaha, really.