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.
Forest fire menacing outskirts of Kunming
Posted byToday in Dianchi, I can not only see a brown tinge to the colour of the sky, I can smell the burning.
Great Britain in Kunming schedule of events
Posted byIf you mean the food event finished earlier, I was at the hotel on Wednesday and did not see any evidence of a promotion.
Police shutter black market Kunming noodle-maker
Posted byI am sure someone was talking about getting their burger fix on another thread yesterday. As such the notion of food culture imperialism is a bit incongruous.
Forest fire menacing outskirts of Kunming
Posted byOne of the biggest problems in controlling fire will be the strong winds we are having recently.
Police shutter black market Kunming noodle-maker
Posted byBK maybe not so comparatively bad after all.
The problem I have with looking at additives that are used in the EU/US is that the dosing of the chemicals is carefully controlled. I am not sure many back street factories would have so much control of how much of certain things go into a product. Possibly why the government introduced the 'no additives in fresh foods' policy.