Tuesday, March 29, 2016
By Wei Min Tan
1. What is the new rule?
New York is piloting a new disclosure rule that requires LLCs to disclose the names of its members. This new rule, on a test run, will take effect from March till August 2016. The rule is aimed at uncovering money laundering activity.
2. What types of property are affected?
The rule will only impact transactions involving:
(i) all cash
(ii) property priced at $3 million or higher
(iii) LLC (limited liability company) ownership
Wednesday, February 3, 2016
Sunday, January 31, 2016
The core of the Manhattan, New York residential condominium market for investment purposes lies in the $1 million to $4 million price point. This segment represents the studio to 3 bedroom sizes which are most in demand. Anything larger than a 3 bedroom in Manhattan is a mansion by our standards. Here are three strategies we use when recommending investment buys to our clients.
Tuesday, January 26, 2016
Interviewed about the 2016 Manhattan property outlook by Sino Vision's Living in NY TV show.
Wei Min Tan is a property broker focusing on Manhattan, New York luxury condominiums and foreign buyers. He is often interviewed by the media including CNN, The New York Times and The Wall Street Journal on the subject of foreign buyers of Manhattan property. Wei Min can be reached at +1.212.380.6134, firstname.lastname@example.org
Thursday, January 7, 2016
By Wei Min Tan
Jan 7, 2016
Global investors who have already invested in a Manhattan, New York condominium have reason to be cheerful. In 2015, Manhattan condo apartments far outperformed major global indices.
Sunday, November 29, 2015
Monday, November 2, 2015
111 Murray in Tribeca
111 Murray is Tribeca's new super tower, expected completion 2018. Designed by Kohn Pedersen Fox, 111 Murray rises to 800 feet and 64 stories, culminating with a distinctive crown at the top. It is located one block from the World Trade Center and across from Goldman Sachs.
One bedrooms start at $2 million and 2 bedrooms between $4.5m to $5m.
Website: 111 Murray