Table 1 Residential area classification.
Level | Class 1 | Class 2 | Class 3 | Class 4 | Class 5 |
|---|---|---|---|---|---|
Range of House price (yuan/m2) | >50,001 | 20,001–50,000 | 15,001–20,000 | 10,001–15,000 | <10,000 |
Residential class | Villa area/upscale neighborhoods | Middle to high-grade neighborhoods | Mid-range neighborhoods | Low- and mid-range neighborhoods/old neighborhoods | Low-grade neighborhoods/bungalows |
Residents’ income | High income | Middle to high-income | Middle Income | Low to middle-income | Low income |
