User profile: satii

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Forums > Living in Kunming > Housing Prices

Agreed, given the devalued Yuan right now, I can see foreign companies bought on BRI prospects sticking their flags on the bull's Eye for long-term investment.

Keep in mind, developers would release the bare minimum amount of units as required by law. So only a small fraction of total units have been "disposed" of, if the case. The sales sideshow is all pro forma. Junfa is playing the waiting game, albeit a slow one in Km.

As for the super rich Chinese, they go global where the USD is at. Buying houses in Bel Air for their "parachute kids." Units in NYC's Trump Tower to flaunt prestige to their friends. Entire luxury hotels in Hawaii. If in Mainland's lesser than tier one cities, entire buildings, even small skyscrapers.

I have stories, makings of fun conversation. But the amount of corruption that goes on with officials, could get myself and this website in trouble.

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Forums > Living in Kunming > Housing Prices

Back on topic...

Tiger, I not only match your sentiments on Eye of Spring's prime location, but I'll raise you.

EoS is essentially above the MRT station. If deemed a walking distance, it is a downstair descent.

Like the eye of a storm, the 'Eye' here denotes center of Spring City. Not the all-watching Mordor scanning Frodo variety.

Wherever KM's current CBD is designated, EoS along with Hang Lung's Spring 66 are destined to become the CBD epicenter. Four skyscrapers strong. Situated above possible triple MRT interchange station. Chinese may refer to such 'golden' locations as 金华地段.

Where our path diverge, however, is buyers' demand.

I've been to residential sale openings/开盘 where buyers push and shove while yelling at one another. Resembling famished survivors of post apocalypse battling for last morsel of tudou, or "po-ta-toe" in hobbit context.

In contrast, EoS sales office was practically empty like a LV store sans Chinese shoppers. Sales agents outnumber potential buyers 5 to 1.

Most telling was sales' unenthusiast demeanor when a few onlookers arrived at the sales center. A telltale sign the developer is neither intent on releasing units from their steel beam grip, nor incentivizing smiley-go-getter-inducing commission for their sales team. Apparently the team got the memo.

I may have been fooled by seagull hearsay, but that quiet church mouse congregation ain't pulling one on anyone. Particularly not the likes of infamous Wenzhou real estate speculators group (温州炒房团).

Professional/career 炒房者 like them are known to prepurchase in bulk without batting eye nor being present in body on 开盘 day. They would wire money days in advance, like entering cheat codes in the digital monopoly game. Claiming Boardwalk, Park Place, and the four Railroads before tossing the dice.

温州帮 and similar speculator groups scout nationwide for locations with optimal growth potentials. Maybe these savvy, real estate prospectors are cognizant Km real estate market is relatively slower, carry higher opportunity costs.

They've either gobbled up EoS without public knowledge, or made a hard pass knowing that flipping 10-20 million yuan per apartment unit is a risky endeavor w/ limited upside. Because how many buyers have 20-40M to buy one unit? Not many. Not the amateur 炒房 masses. Perhaps more in Shanghai, but less here. The wealthy would rather opt for garden villas, like ones of suburbia dream homes in American movies. Moreover, Km is still a long way from a Manhattan-esque metropolitan draw.

Remember, 40k/sqm "." Meaning, "starting price" for possibly the worst, lower units directly facing the opposite taller of the two skyscrapers with limited view. As consumers in China, we should all be vigilant with the small font "“ character.

Like I said earlier, perhaps Junfa developer is misleading the actual unit sizes to prevent speculators from flipping their smaller and cheaper units at early stages of construction, so as to reap more themselves later in development.

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Forums > Living in Kunming > Where do the Gulls Go at Night?

Thus the beauty of peer review.

Thank you Trumpster for fact checking, and GoKunming for mistake admission and retraction... hallmarks of responsible journalism in response to mistakes incurred unintentionally or maliciously, which happens to the best of news outlets or 'gatekeepers.'

My apologies to all for being GULLible. For the unknowing dissemination of misinformation to readers if in fact the source of my news of their current Zhaotong whereabouts turn out false.

My understanding from past experience is gulls arriving Km closer to end of October near November 1st.

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Forums > Living in Kunming > Housing Prices

For investors with money to burn, Eye of Spring (across from Spring 66) luxury apartments are now on the market. Completion in '22, but shopping mall below opens earlier, scheduled for Sep. next year.

Listing prices are sky high like skyscrapers themselves. 40K/sqm starting, 天价 ceiling tba. New housing price record for KM apts?

Units are huge. 300sqm are the smallest. Up to 1,000 sqm. Total prices are all above 1,200 for smallest units. Nearly the entire skyscraper, the smaller of the two EoS buildings on the south side, will be these high-end, ginormous apartment units.

Demand ought to be low imho. Highly difficult to sell given the relative lackluster economy and investment climate. Unless Junfa developer is trying to incubate for max returns by avoiding laws combating 养地养房 schemes for active projects. Junfa may be listing future value prices now to satisfy mandatory policy of allotting units for public consumption, in order to circumvent selling lower. So either they are not trying to sell PV prices, or lying about the unit sizes to exaggerate total price until three years when overall housing market prices may be higher.

But good news for those embracing the old and resisting modernity. Judging by the ground plan, Dongfeng Square will return with large public spaces with fountains to the North of their development in front of Dongfeng Road MRT entrances.

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Forums > Living in Kunming > Trekking Gear Stores..WeChat gps. Trekking Yunnan

For those who missed previous promotion, the 50 for 100 sale resumes on the 18th in two days all thanks to competition. Across the street from Aegean is the grand opening of another department store (called Living Mall?), also offering 50 for 100 shopping/dining vouchers. Aegean is trying to spoil their party.

So good luck finding your super discounted 唯品会 sports and trekking shoes this weekend.

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Someone should let CNN know, Frank Losonsky died at age 99 earlier this year in February. Apparently he was the last remaining Flying Tiger.

A lengthy piece on Flying Tigers just published on CNN. Also a short video showcasing one of the last three living volunteer pilots, a 96-year old Losonsky. Cool pictures of the cool P-40 fighter planes in air are featured too.

The article even briefly mentioned Kunming...

"Chennault expressed his disappointment at his group's first combat mission against Japanese bombers attacking the AVG base in Kunming, China, on December 20, 1941. He thought the pilots lost their discipline in the excitement of combat."

Read it here:

edition.cnn.com/[...]

Our collective love for Spring City is what fuels our solidarity. Much love to all.

Kunming Aegean Shopping Mall is now offering surgical masks on their official Wechat account. 50 masks for 120 rmb. Delivered to your door for those who may need them. The price is reasonable considering widespread price gouging on ebay, amazon, and the likes.

Are you back yet JanJal? Your warm donuts and hot shower await.

Exceptions excluded, I speculate younger generations on average harbour more tolerance toward bi/homosexuality than do their more senior peers.

Likewise, I suspect laws that do not favor nor protect gay couples in China are voiced by more senior members of the Central Committee, less so by their younger technocrat peers.

For the majority of Chinese parents in their early forties and under, their children may not have yet reached the marriage discussion age. Perhaps a topic more relevant for parents beyond late forties to early fifties given trend of postponed wedlocks.

Maybe Chinese parents in this age group can chime me on this issue.

Honest communication is probably the best way forward between straight parents and their LGBTQ+ kids. Though I stand to be corrected.

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