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.
How To: Getting a Chinese driver's license in Kunming
发布者There is Zuche, which is associated with Hertz, that has rental offices in Kunming. en.zuche.com/.
Celebrating Chinese Dragon Boat Festival
发布者I am pretty sure last years article was incorrect. I contacted GoKunming at the time.
Celebrating Chinese Dragon Boat Festival
发布者From the article "...In Kunming, Dragon Boat Races used to be held during the holiday at the Yunnan Nationalities Village. " This seems unambiguous, but I think erroneous.
Celebrating Chinese Dragon Boat Festival
发布者I am not sure that dragon boat events were ever held in the Minorities Village. This could be a hang over from erroneous remark in an article on dragon boat festivals a year or two ago.
The only dragon boat events I know of, in the last 10 years, were held on the northern half of Haigeng Dam (Daba). These now fall on the calendar of the international dragon boat racing events.
A friendly reminder from the Kunming Public Security Bureau
发布者I guess Hainan might be a pilot scheme for licencing and taxing gambling and prostitution (speculation). If things are legalized, it can take them out of the hands of criminal enterprises.