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.
Jianshui: southern Yunnan's cultural gem
发布者Great article.
The place is well worth a visit.
I had the pleasure of visiting last year. The old town is a bit like Dali without the tourists. Food and service are also good in hotels and restaurants, perhaps service ethic influenced by the old confucian culture. We didn't get price gouged either.
The area is also famous for its pottery. Some of it is really nice.
Tuanshan is great and well worth the money. Compared to other Yunnan sites (150+) it is good value too. Tuanshan is largely intact and un-modernised. You can actually see original painted beams with gold leaf, those that are in the shade are still very colorful.
Kunming-Shanghai railway delayed until 2016
发布者The posh new stations have different gates, but these bullet trains stop at many stations on route, that are not super modern. The trains then stop at regular ungated platforms, however the train stops on a mark, and the passengers are pre-lined up at the appropriate marks on the platforms.
I am glad for the delay. That should mean more time spent constructing the tracks to the standards required, and not just a rush to finish the line asap, with possible associated construction quality issues.
Recipe: Turmeric dumplings in pu'er tea
发布者Actually, if you go the the 3.5 website they have some nice recipes there. It is in Italian, but Google chrome translates it.
I will give the recipe a go. It can't be worse than some of the stuff I have been told to eat.
Getting Away: Heart 2 Heart Youth Hostel
发布者A good article.
Raccoon missing, feared kidnapped
发布者The others ate it.