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Core Viewpoint - The perception of stairway apartments has shifted, with high-net-worth individuals increasingly seeking these properties in urban core areas due to their unique advantages over elevator apartments [3]. Group 1: Advantages of Stairway Apartments - Stairway apartments are located in prime urban areas, built during the 1980s and 1990s, providing convenient access to essential amenities such as subway stations, hospitals, and schools, which significantly reduces commuting time for families [5][7]. - The price competitiveness of stairway apartments is notable; for instance, a 70 square meter stairway apartment in Jing'an District, Shanghai, may cost around 4.5 million yuan, while a similar elevator apartment could reach 5.2 million yuan, making stairway apartments a more affordable option for young families [9]. - In emergencies like fires or earthquakes, residents in stairway apartments can evacuate quickly via stairs, whereas elevator residents face greater risks if elevators malfunction, highlighting the safety advantages of stairway apartments [9]. Group 2: Reasons for High-Net-Worth Individuals' Interest - High investment return rates attract wealthy buyers; for example, investing 2 million yuan in a 40 square meter stairway apartment can yield a monthly rental income of 4,000 yuan, resulting in an annual rental return rate of 2.4%, which is more appealing than current bank deposit rates [11]. - The potential for significant appreciation due to urban renewal projects is another reason; many old stairway apartments are included in renovation plans, enhancing their value and rental prospects after improvements [12]. - The prospect of substantial compensation from potential demolition drives wealthy individuals to acquire stairway apartments, as seen in Shanghai, where a 43 square meter unit purchased for 2.6 million yuan could yield compensation of up to 6.8 million yuan if demolished, presenting a lucrative investment opportunity [13].