@AC

Allow me to tie our discussion back to the original topic:

Your aforementioned cliff east of Erhai Lake is not where the new city hall will be, but is actually the luxury residential development by the same YMCI developer michael2015 just brought up...

In recent months, this SOE (state owned enterprise) juggernaut of Yunnan, developer YMCI, has been exhibiting/selling their Dali cliffside villas/townhouses (named 海东方) in Beijing housing expos. Sale prices (开盘价) for their 三期 third stage development alongside Banyan Tree Resort are over 30K. A staggering jump from 9K nearly a year ago. The units released to the market were all sold out in one day.

This is my original point for the OP - the slow growth rate of Kunming housing prices are nowhere near even neighboring cities like Dali.

@michael2015

Not bad for locally reputable YMCI near Dianchi.

Said BJ apts a decade ago most likely resided in the CBD. I regret selling mine just after the Olympics. Didn't think Beijing housing near third ring would continue to skyrocket past 40k just a few years later.

If all government departments of Wuhua, Panlong, Guandu, Xishan, etc.. moved to Chenggong, perhaps it would be be the future of Kunming.

@AC

We have an agreement on KM being relatively cheaper. But to OP's original question regarding its housing prices in the future... well, that remains to be seen.

I would however caution in investments in rural Yunnan. The lack of provincial government infrastructural spending there would impede growth.

Regarding Dali, the old town in the west and south are still pretty cheap. The future is in the east where the city government will be moved to. No, not Dali Vista.

Good points on the geographic of Shangri-La. You may not be updated on recent properties in development though. No "red books" (房产证) in the old towns (古城), same as in Dali and Lijiang, nor any other state protected old towns in most Chinese cities.

@lemon lover

only anonymously ;)

@Alien

Braving developer sales offices and wasting countless hours chatting away with their army of savvy sales agents en route to my second prospective house buy in KM, so curious onlookers like Baroquian can get the quick facts without the time consuming journeys, arduously putting up with opportunists at every turn.

I'd like to think if I was interested in the Shenzhen area, friendly community forumers there would assist me in kind.

That said, housing prices change on a monthly basis. In this cyber age of misinformation, always fact-check. Best to conduct on site due diligence in person rather than adhere to hearsay.

Kunming's real estate market has been relatively slow in recent years. Even apartments above shopping centers w/ subway (KRT) stations have risen in moderation to average prices of only ~1.2 - 1.3万 from 期房 prices of 8K a few years back. The landmark Shuncheng Shopping Center (@五一路 station - eventual double KRT line) apartments can be purchased for 2 to 3万, having crawled up from 1.6万 eight years prior.

In contrast, I bought two earlier this year. One lake/mountain view hotel flat in Dali, Yunnan. High-speed rail will connect KM to Dali in Q1 2018. Another ocean/forest/space launch view apartment in Wenchang, Hainan. Both doubled in value to ~2.6万 in just 9 months.

Will be eyeing a purchase in Shangri-La City in Yunnan early next year as high-speed rail is set to connect from Lijiang by 2020. Only 4-6K for grassland/mountain view apartments. Still relatively untapped housing market.