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.
Forgotten Flying Tigers headquarters and barracks found in Kunming
Posted byI hope that whatever preservation they do does not ever come under the control of the tourism office.
China cracks down on pyramid scheme "epidemic"
Posted byThere are many MLM companies operating in around the world. Amway, Avon, Mary K, and many others operate in China. but many are not a scam. Many of them are selling products that people consume. From the article the government is clamping down on the scams that focus on growing the network only, for a promise of unachievable incomes.
Update: Kunming Metro Line 3 open as of August 29
Posted byThanks Alex.
Update: Kunming Metro Line 3 open as of August 29
Posted byDoes anyone know a link to a more up to date map in PinYin?
New Yunnan hybrid chili may be world's spiciest
Posted byInteresting, but I have to wonder what the effects to the soil will be if/when peppers fall from the plant and rot into it. There are a lot of small organisms and animals that provide vital functions to soils health. It might be organic, but it is still potentially toxic.