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.
Around Town: Spring Festival business schedules
发布者Nope
It is last years list. Doh!
Around Town: Spring Festival business schedules
发布者Are the months wrong?????????
Lijiang to restrict risqué ads targeting tourists
发布者Another reason to consider revoking the World Heritage Status. I don't think there are any precedents for this, but now China has so many such sites I think the political fall out will be much less. I think that the original mistake was putting the matter of reconstruction in the hands of someone so inexperienced.
37% of Kunming university students consider plastic surgery
发布者Also consider that résumés in China are expected to have a photograph. It is widely thought, and probably true, that a lot of candidates are rejected based on their appearance in the photo.
Season's greetings from the Kunming PSB
发布者In my country, you don't need a licence as such (to sell most products). But you are regulated, which amounts to the same thing.
At the very least you must be a registered trader, pay tax, VAT, have insurance, and if you employ people the regulations get more complicated. There are very few exceptions to this, garage sales and church fundraisers being two of them.
And Merry Xmas everyone, even if that isn't PC anymore.