Many have asked about whether we focus on foreign / international clients from Asia purchasing property in Manhattan to take advantage of the weakened dollar and economic downturn. Answer is yes, 50% of our clients are high net worth individuals from Asia, specifically Malaysia, Singapore and Hong Kong.
Reasons include growing up in Malaysia, familiarity with the cultures and expectations, ability to speak Chinese Cantonese, Hokkien and Malay. We are familiar with the property buying process there and can put the process of buying Manhattan, New York real estate in context. Further, we can discuss the ROI, yield and appreciation potential of Manhattan property relative to those at the home countries of our clients.
We are expanding our client development efforts in Malaysia, Hong Kong and Singapore. Also, we continue to see increased interest, especially from savvy investors looking to take advantage of the economic downturn.
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Contact Wei Min at tan@castle-avenue.com to discuss how we can help you grow wealth through Manhattan real estate.
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