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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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Tier ones, in the downtown/CBD areas will always be a good bet, but not so good in the suburbs unless serviced by or soon to be serviced by, Metro/subway lines.

Lower tier cities also have potential. Henan, Zhengzhou has boomed. Due to the city being named as an expanding rail hub for the Belt and Road initiative. Also, anywhere not yet serviced by a metro line. There is still room in this latter category in Kunming, but there is a need to be fast as the metro line as planned should be completed by next August.

I would also avoid buying new. Some of the more upmarket villas in SW Kunming are very poorly built, many are apartments and villas are overpriced and people are fighting to buy the more affordable.
Buying second hand may be less of an investment opportunity, unless a new metro line is going through. However, you can see quality or other issues more clearly and find out the reputation of buildings and management, you can buy already decorated (ready to occupy), there will be fewer unknowns.

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The story of Li Bai always reminds me of:
The Little Fete
by J.C. Cooper
I take a bottle of wine and I go to drink it among the flowers.
We are always three -
counting my shadow and my friend the shimmering moon.
Happily the moon knows nothing of drinking,
and my shadow is never thirsty.
When I sing, the moon listens to me in silence.
When I dance, my shadow dances too.
After all festivities the guests must depart;
This sadness I do not know.
When I go home,
the moon goes with me and my shadow follows me.

Reviews

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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.