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.
A friendly reminder from the Kunming Public Security Bureau
Posted byEdit - correction.. Whoring can be to act as a whore, or to consort with whores.
A friendly reminder from the Kunming Public Security Bureau
Posted byI kind of read whoring as the customer having sex with whores, no matter how they are procured. This is a different crime to prostitution.
Soliciting is the prostitute offering sex to a customer, in exchange for money.
Snapshot: Preserving Yunnan woodworking traditions in Jianchuan
Posted byI would be interested in learning more about these centers of artisan skills around Yunnan. For example Jianshui is a centre for a specific kind of pottery, and Dali is a center for marble work.
A friendly reminder from the Kunming Public Security Bureau
Posted byI was being ironic.
A friendly reminder from the Kunming Public Security Bureau
Posted byWell I certainly had no idea about No. 9.