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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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@ Peter, people have been jailed for handling stolen rental bikes, there was a news story on local TV a couple of weeks back, and I think people were jailed in 3 separate cases. I think in two cases it was 15 days, I think the cops are targeting this, as the whole bike thing is a government initiative.

There are also grass roots volunteer groups liberating stolen bikes, and reporting stolen bikes. I think people trying would get reported, unusual for china as that is.
These bikes are probably too highly visible and recognizable to just chuck on the back of a sanlun che, and ride them through a scrap metal dealer's gates.

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I visited Dali, 2-3 years ago, and cycling around the lake I could not believe that they had built hotels/guest houses along the shore side.
One also needs to think about the run off from the construction sites, going into the lake, with local small building firms doing the jobs.
I am glad that they finally jumped on this.

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A few years ago, someone told me that several thousand Chinese business men, on business trips, just disappear every year. I am sure that shipments of goods disappear at an even more alarming rate. I wonder how many truck drivers are hijacked heading south and west, once they leave China. Probably a very big business opportunity for a logistics security service provider, with experience of this kind of work; which FSG seems to have.

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.