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Forums > Living in Kunming > Transferring money into China

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.

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I think the airport mentioned here will be for heliport and small private planes of the corporate variety.
This may be linked up to the plans for the area east of Dianchi Lu and north of Guangfu Lu that was previously earmarked for new financial district.

BUT at least Shanghai Tongji know what they are doing. It just depends on whether the local gumint will listen to their advice.

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The non protected thing was the issue with HuaXia Bank scandal. It was likened to a Ponzi. People lost huge amounts and it killed the market.
CMB is big enough to have the assets to cover any potential losses, and has decided that the only way to have a wealth management product that sells is to guarantee the principle. To not honor the promise would be damaging to the CMB brand and would cost them more money than swallowing the loss.
IMHO. Because of the nature of CMB's core business, and their place in the market, they can be trusted. Unlike smaller banks like HuaXia.

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This has moved.
The cut flowers are about 700m east on Duonan Jie. The plants and trees are about 700 m west and follow Duocai Section.

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A reasonable choice of lumber that has improved over time. Fancy hardwoods like walnut, and mahogany are in abundance. There are some plywood and rubber-wood boards available. There are also some kiln dried imported softwoods and merbao available. Some of the lumber is very green, so look for the kiln dried if you need stable timbers.

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Echo everything said by others.
Breakfast great and the serve from 8am. Most other places say 9am and they still are not ready.
Sandwiches are cheap 22-32, and really packed full of filling. We got some sandwiches for a day out, the only mistake I made was ordering two, as this was too much. These are seriously good sangars, and they are wrapped in alu foil.

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In fairness to Metro, they are a wholesalers, and not really a supermarket. Hence the need for a card, which can be got around.

They have improved in the year I have been away. They now carry a more consistent range of imported foodstuffs and they also seem to have sorted out the mported milk supply.

They have a wider range of electrical appliances now, there is a coice of more than one toast. There is also a better range of seasonal non foods, like clothes, shoes, garden furniture and camping gear.