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Chinese Luxury
The number of millionaires
Between 2007 and 2008 the number of
millionaires in China grew by 20.3
percent.
The estimated number of millionaires in
China is approximately 415,000
The rate of growth in millionaires in
China greatly exceeds the average of
8.7 percent in the other 9 major
markets, including other powerful Asian
markets such as India and Japan.
Where do the Rich Live?
Typically the rich (million plus wealth) have
chosen to live in gated and secured
neighborhoods in Shanghai and Beijing.
These neighborhoods have names like
Napa Valley, Palm Springs, Long Beach,
Park Avenue etc.
Average cost of these new single family
homes are on average $800,000.
Western influence: Spanish Arches, Greek
Columns and Faux Roman sculptures
Forest Manor
Shanghai