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.
Green Lake to get wetter, brighter, noisier
发布者To be honest, this noise and light show will be another reason not to visit Green Lake.
Spinal Tap did not invent turning it up to 11.
Green Lake to get wetter, brighter, noisier
发布者Many other cities have failed to introduce admission to long established public parks in cities. This includes RenMin Park in Shanghai.
All due to pensioner power.
The Box says goodbye
发布者You will be missed.
So long and thanks for all the cheese.
Trafficking in endangered animals on the rise
发布者If the snow leopard pelt was real it would fetch a very high price and I doubt it would have been for sale on the street.
Although I agree, the Chinese are not very good at faking.
Trafficking in endangered animals on the rise
发布者And you believed him?