As urban construction has been leaping forward recently, large-scale land subsidence has been caused in Kunming due to the special hydrogeological conditions of the city; the subsidence scope has stretched out, and the subsidence rate has been rising year by year. As a consequence, Kunming’s sustainable development has seriously hindered. The PS-InSAR (Persistent Scatterer Interferometric Synthetic Aperture Radar) and the SBAS-InSAR (Small Baseline Subsets Interferometric Synthetic Aperture Radar) technologies were adopted to process the descending Sentinel-1A data stacks from July 2018 to November 2020 to monitor the land subsidence of Kunming, so as to ensure the sustainable development of the city. Moreover, the causes were analyzed. As revealed by the results, (1) the overall subsidence trend of Kunming was large in the south (Dian lakeside), whereas it was relatively small in the north. The significant subsidence areas showed major distributions in Xishan, Guandu and Jining district. The maximal average subsidence rates of PS-InSAR and SBAS-InSAR were −78 mm/a and −88 mm/a, respectively. (2) The ground Subsidence field of Kunming was analyzed, and the correlation coefficient R2 of the two methods was reported as 0.997. In comparison with the leveling data of the identical period, the root mean square error (RMSE) is 6.5 mm/a and 8.5 mm/a, respectively. (3) Based on the urban subway construction data, geological structure, groundwater extraction data and precipitation, the causes of subsidence were examined. As revealed by the results, under considerable urban subways construction, special geological structures and excessive groundwater extraction, the consolidation and compression of the ground surface could cause the regional large-area subsidence. Accordingly, the monthly average precipitation in Kunming in the identical period was collected for time series analysis, thereby indicating that the land subsidence showed obvious seasonal variations with the precipitation. The results of this study can provide data support and facilitate the decision-making for land subsidence assessment, forecasting and construction planning in Kunming.