According to a survey on high-net-worth Chinese in May 2021, purchasing new furniture and household appliances was the first choice of the interviewed wealthy group when they opted to upgrade their living environment in the coming year. 60 percent of respondents would move to a new house to increase the living condition, of which 38 percent preferred villas and 23 percent biased high-rise apartments.
Preference of ways to improve the living environment among high-net-worth individuals in China as of May 2021
average household net worth of the interviewed HNWIs is 32 milllion yuan
Method of interview
Questionnaire
Supplementary notes
Possibility score ranged between one to ten with ten as the highest possibility.
Among the interviewed HNWIs, females accounted for 59 percent and males 41 percent; 35 percent lived with their children/parents in two generations, 31 percent lived with partners, 24 percent live alone and nine percent live with three generations; the average indoor area of the residence was 170 square meters, and the average price was 70,000 yuan per square meter.
The industries to which the respondents belonged mainly covered technology/media/communications (35%), finance/investment (14%), social services (9%), entertainment/culture (8%), real estate (7%), etc.
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Hurun Research Institute. (July 5, 2021). Preference of ways to improve the living environment among high-net-worth individuals in China as of May 2021 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1255682/china-tendency-to-upgrade-the-living-environment-among-the-wealthy/
Hurun Research Institute. "Preference of ways to improve the living environment among high-net-worth individuals in China as of May 2021." Chart. July 5, 2021. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1255682/china-tendency-to-upgrade-the-living-environment-among-the-wealthy/
Hurun Research Institute. (2021). Preference of ways to improve the living environment among high-net-worth individuals in China as of May 2021. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1255682/china-tendency-to-upgrade-the-living-environment-among-the-wealthy/
Hurun Research Institute. "Preference of Ways to Improve The Living Environment among High-net-worth Individuals in China as of May 2021." Statista, Statista Inc., 5 Jul 2021, https://www.statista.com/statistics/1255682/china-tendency-to-upgrade-the-living-environment-among-the-wealthy/
Hurun Research Institute, Preference of ways to improve the living environment among high-net-worth individuals in China as of May 2021 Statista, https://www.statista.com/statistics/1255682/china-tendency-to-upgrade-the-living-environment-among-the-wealthy/ (last visited December 22, 2024)
Preference of ways to improve the living environment among high-net-worth individuals in China as of May 2021 [Graph], Hurun Research Institute, July 5, 2021. [Online]. Available: https://www.statista.com/statistics/1255682/china-tendency-to-upgrade-the-living-environment-among-the-wealthy/
