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.
Welcome to the new GoKunming!
Posted byGreat changes.
Thanks to the GoK team, all.
Yunnan reopens 13 international border crossings
Posted byAh! but what do they mean by "non-residents of Yunnan"? This sounds like Chinese nationals not resident in Yunnan. Which would allow non-locals to cross these borders.
This would not include foreigners.
As for the number, 13 re-open, when some were not closed. That is typical of the way things often get reported in some parts of the world. Like the list of 700 universities was published and China had x number in the 'TOP 700 world ranked universities'.
Kunming to monetize street vendor chaos
Posted byYes, I think Alex has a point. In Hangzhou (and other cities I have visited) it is organised. The vendors have a table and the tables are in clearly defined rows (some streets 4 rows, wider parts 6 rows). The pedestrians can navigate through the night markets.
The big advantage of tables is that you don't get the sprawl across the pavement, and there are clear walkthroughs. The other thing is that there are no people selling out of the trunk of the car, this alone takes up a lot of room.
Outside Sal's a few months back there was a problem, because there was no way to get onto the sidewalk to park a bike. Putting aside the rights and wrongs of who did what, it was the over abundance of street vendors that was the root cause.
Kunming to monetize street vendor chaos
Posted byAnd all to be 'policed', and ID checks by chengguan.
Now there is a money making opportunity if ever there was one.
Rumors swirl as Shanghai football club eyes Kunming
Posted byFor the people who run clubs in S.America and Europe it is all about the love of the 'beautiful game'. Somehow I think in Asia it is all about the love of filthy lucre.