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.
England's Prince William in China, to visit Yunnan
发布者True, but they are taking everyone else's. Perhaps a new spin on nimbyism.
England's Prince William in China, to visit Yunnan
发布者I have nothing against shooting foxes. It is a far more humane form of pest control that hunting with dogs, or poisoning.
Provincial toilets soon to be less disgusting
发布者And I thought it was about cottaging.
Provincial toilets soon to be less disgusting
发布者@opper, the issue of the toilets in local businesses is the standard of the plumbing, which can be integral to the building and so it is hard to change.
Some of the older buildings would have had retro fitted plumbing, as they were built in the days of the communal toilets at the end of the street. As such the sewer system in the street is also not up to the job (no pun intended).
Year of the Goat
发布者And all the best for all the GoKunming team for Yang Year.