Only time will tell, whether this new buildings will make things better or worse. Eventually, we cannot go backward, we must all move forward and progress. High-rise building is a huge investment (in billions of RMB) and it is also a sign of economic development. All of this developments are linked to the government "One Belt, One Road" initiative & it is anticipated that Yunnan will be a new hub center among nearby countries.

This 219-meter skyscraper located at Huancheng Xi Lu will be dwarf by a new 345-meter skycraper located at Dong Fung Dong Road by the end of next year. Also, just a few blocks from this new skycrapper, Shangri-La Hotel is currently being constructed. That means Kunming is progressing quickly. The downside is that cost of living (rental & basic commodities) will go up. Property prices will definitely be in upward trend. So, if you have extra cash savings on-hand, a good unsolicited advice is to invest in Kunming property. My old mentality is: "Why should I invest in KM property, I will not be staying in KM for too long". A quick answer is, you can sell the property, when you leave KM. A similar experience I had in Shenzhen 8 years ago when I purchased my flat at RMB5,000 per square meter, today it can be sold at least RMB50,000 per square meter. There are no regets when you purchase a flat, it is a physical tangible asset, it can be rented out or you can live-in it. As China population grows and dispensable house-hold income increased, more and more people will be looking for a place to live, hence property prices will go up. Therefore if you invested in a couple of properties today, you will have a better retirement in the near future :-)