For many global investors, not every asset in a portfolio is meant to maximize returns. Some assets serve a different purpose: stability.
Manhattan residential real estate has long played that role. For many high-net-worth Asian investors allocating wealth internationally, Manhattan property is often viewed as a place to park capital when global markets become uncertain.
Read the full article here: Why Manhattan Is a Place Investors Park Capital When Global Markets Become Uncertain
About:
Wei Min Tan is a Manhattan, New York property broker focusing on global investors of Manhattan condominiums. Wei Min has been interviewed by CNBC, CNN, Wall Street Journal and New York Times on the Manhattan property market. Wei Min can be reached at tan@castle-avenue.com
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