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.
Great Britain in Kunming schedule of events
发布者Nice try, but this is an open to the public event.
I can well afford, but choose not to pay 368 for a buffet.
Hell! I doubt they even have any cider.
Whoever attends will only be offering cash.
Great Britain in Kunming schedule of events
发布者Apparently the food event at the Intercontinental Hotel will be 368RMB, unless you get discount coupons.
I will not be going.
These are stupid rich prices. I am not poor, but not stupid either. I won't be going.
Great Britain in Kunming schedule of events
发布者The cultural events are all open to the public.
I can understand why the whiskey night, and cheese and wine events are invitation only. I wouldn't want me in either of those. Trough, gurgle, burp... LOL
Great Britain in Kunming schedule of events
发布者Get them all, it is on for a week.
Great Britain in Kunming schedule of events
发布者That last comment was a bit unfair. There will be local officials who have to be seen there.
Think of this more as a conference, and trade event, with some public exhibits on the side, and less as an exhibition open to the public.