Manhattan deal activity in August 2024, one of the stronger Augusts in recent years.

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Wei Min Tan on The Growth Booth

The Growth Booth - talked about how real estate builds wealth via the lucrative Manhattan market.

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Buying property in New York to rent out

Buying a New York property to rent out is an excellent long term investment strategy. Yes, the yields are low and perhaps less than what one gets from a savings account in a foreign bank. But a Manhattan property appreciates well, and is a blue chip asset to have in one’s portfolio.

Read the full article here: Buying property in New York to rent out

Manhattan Real Estate Buyer’s Agent, Weimin Tan

Buyer representation is standard practice in the U.S. and hence the New York real estate market. The role and responsibilities of a buyer’s agent are explicitly outlined in the Agency Disclosure Form, which clearly indicates the agent’s fiduciary duty to the buyer.

Read the full article here: Manhattan Real Estate Buyer’s Agent, Weimin Tan

Property investment in New York

We were in a buyer’s market for the past two years, but now it’s a neutral market. The current market is characterized by low sales volume and limited supply. Despite the low sales volume, prices have been surprisingly stable. Prices are so stable because sellers here are seldom in a force sell situation. They have the financial cushion to wait it out.

Read the full article here: Property investment in New York