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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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I think the issues are related to a lack of mitigation to the environmental impacts of fracking. The licences were rushed through, by the govt. to avoid the new regulations about to be issued, by the govt.

The other industries mentioned are problematic, but there are regulations and controls in place. Even if not rigorously enforced.

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I would think that building more cafes lakeside will do little to preserve the green areas.

Generally walking, playing on the grass is not permitted in most Chinese parks.

Don't worry about missing the ground breaking ceremony. Seen one, seen them all. Big platform with long red dressed table. Lots of flowers, lots of people in suits.
Long wait, photo calls, followed by even longer self congratulatory or self promoting speeches, the whole thing can take 3 or more hours. Then a few people go over to mound of earth sticking up out of a red carpet, pick up a shovel and 'break' the ground where a back hoe did the job earlier.

Then they light lots of fireworks and there is a band with drums and cymbals making a terrible racket.

The dignitaries then go off for lunch, and an army of workers pick up the litter.

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.