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's capital scrambles as 'Civilized Kunming' audit looms
发布者They are still doing signage in our residential area. Maybe some remediation is required.
Rebranded and remade, Kunming's annual investment expo opens
发布者On the news it showed tubes of coins. It might have been that money changers were supplying vendors with the small coin they would need when serving customers. In this case the money changers would have been ripping off the foreign vendors.
There were also 100 rmb and 10 rmb notes shown in the news report.
Lijiang observatory helps unravel mysteries of quantum communication
发布者Related article.
Scientists make quantum leap towards a secure new kind of internet.
www.theguardian.com/[...]
Well done Patrick for picking up the Lijiang connection.
Rebranded and remade, Kunming's annual investment expo opens
发布者If you are going, be on your guard. Local TV news reports of:
Fake currency, down to 1rmb coins.
Thieves.
Chinese student apologizes after Maryland graduation speech sparks firestorm
发布者Most -isms seem to be problematic.