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.
Venerable foreigner health check clinic moves to new location
Posted byI often turn up after 10 and the queues have gone by then. I turned up early a couple of times and have had to fight with large groups of Chinese getting their medical. One time a tourist group, another time I think was a gang of migrant workers.
Law prohibits new shared bike companies from coming to Kunming
Posted byLooking at the link in the last post. Really got me thinking about the carbon footprint of all the share bikes in China. Following on from that the footprint of all of the disposed of share bikes. If we remember these bikes are mostly steel, the production has a considerable environmental effect. These bikes seem to be disposable, which begs a question about the sustainability of the business model as well.
An astronomical monster grows in Guizhou
Posted byAstronomical monsters are often built in the middle of nowhere. Less interference from human activity. Guizhou fitted the bill.
If I was developing super computers, I would expect to do it somewhere where I could work secretly. I would also want physical security for something that will become a vital part of the telecoms/economic infrastructure. Guizhou has a history of building secure facilities inside mountains.
On a slightly different note, Guizhou seems to be developing must faster than Yunnan and may even have overtaken it. Guiyang has transformed itself in the last 15 years, and seems to have already overtaken Kunming. Some people were obviously very hard at work, while others were resting on their laurels.
Law prohibits new shared bike companies from coming to Kunming
Posted byAt last, some common sense effort to rein in the madness.
Inspired relaxation at Yunnan's Fuxian Lake
Posted byAddendum. These peddle boats seat up to 7. The water is very high quality. The sun sets later on the east side. On the west you have the mountains shadow and loose the sun much earlier in the day.