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.
Scientists "99 percent" certain SARS originated in Yunnan bats
Posted by@satirical... The person who needs to read it will probably either ignore it, or not recognize themselves.
Summiting Yunnan's majestic Haba Snow Mountain
Posted bySounds like a great trip, and some very sound advice. For anyone who has not climbed or hiked at altitude before, you need to be fit to cope with heights over 4500m, and the air seems to thin exponentially above that.
Op-ed: Officials spoiling cities they should be improving
Posted byIn some streets trees definitely limit pedestrians, sometimes pushing them to walk in traffic..Remember, just because you have not seen it, that does not make the messenger wrong.
Scientists "99 percent" certain SARS originated in Yunnan bats
Posted byScientists probably have different ideas about how the virus may have been transmitted and transferred between species. Some may be fairly certain., but the cannot say with absolute certainty, and so they say that they do not know.
Why do they say this? Because even if they are '99 percent certain'some idiots will shout "FAKE NEWS, FAKE NEWS'.
Op-ed: Officials spoiling cities they should be improving
Posted byI live near Haigeng Park. I love the way that there is a new section of Hubin Lu that is not safe for pedestrians, and another part that is not safe for cyclists. They have now banned cycles from a section of, what was, cycle path along the side of DianChi lake.
Another example of lack of continuity. There is a huge spend to upgrade Cuihu (Green Lake) area. It would be nice if they finish the long overdue subway first. Hopefull Cuihu will be finished before we have another change of Mayor, who will focus on HIS projects as the priority.