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.
China university rankings released, Yunnan gets low marks
发布者Before we get our knickers in a knot. 90k rmb per year is affordable for millions of Chinese now. These are not programs for a privileged elite or programs for the super rich. The programs at the last two high schools I worked at cost that much and more.
These programs are not affordable to the masses (most working class), but hell how many kids back home cannot afford to go to college either, and how many more don't want to invest in higher education?
Many import cars cost the equivalent of three years study on these programs. And many of these cars are paid for with cash. I don't know of anyone who has taken out finance on a car.
Kunming's former party boss charged with corruption
发布者We nearly all live in China and I doubt if anyone is surprised.
Kunming's former party boss charged with corruption
发布者Like taxes, they will only be punished for the money that is found or declared. However, I know someone who is looking at 10 years jail time. Also the correction facilities for government people have a fearsome reputation. Even today.
Provincial toilets soon to be less disgusting
发布者I was out in Phuket, on a lesser known, almost deserted beach by the airport. The toilet was walled, but had no roof. I thought to myself, here we go. To my surprise, the toilet was very clean.
Public toilets in UK are now slowly becoming a paid for convenience. However, the people who take the money keep them clean, very clean.
In China I pay, and some of them are not cleaned. The public toilets in the older parts of town can be the worst. I am sure that the 'keepers' who take the money are supposed to clean them, but if so, no one seems to monitor or enforce any standards.
I have been to a public toilet in a village, that seemed to be a hang out for youths, even though there were no lights. From the light of my phone it reminded me of the betting shop toilets in 'Train Spotting'.
Documentary Under the Dome captivates China
发布者Perhaps local media were told to play it down, in order that central can control the message more easily. Looking at the quality of some local news reporting, that would not be in the least bit surprising.