Why Singaporeans are attracted to Manhattan, New York property

When investing abroad, Singaporeans have traditionally invested in the U.K., Australia and neighboring countries in the region. My Singaporean clients are always pleasantly surprised when learning about what Manhattan, New York has to offer as a property investment.

Here are some of the key reasons as to why Manhattan is an attractive property destination for Singaporeans: Why Singaporeans are attracted to Manhattan, New York property

Legal and Tax Tips When Buying New York Property

Interviewed Tim Wong, New York lawyer and accountant, in Legal and Tax Tips When Buying New York Property.  Includes best way to hold property, capital gains, estate, gift, withholding taxes. 

Foreign Buyer Guide 2018 Update

A few years ago, I wrote Foreign Buyer Guide To Investing In New York Property, which gained a lot of exposure, was widely shared, and resulted in a lot of media interviews.  

As an update, I just wrote Foreign Buyer Guide To New York Property 2018, which covers how  technology has impacted the buying process and the Trump tax law changes.  Hope you find it useful.


Wei Min 

Real estate deals with foreigners - Law360 interview

3 Tips For Doing Real Estate Deals With Foreign Investors

By Kaitlin Ugolik

As foreign investment in U.S. real estate continues to increase, experts say foreign investors, sellers and rival bidders alike should be wary of potential tax hurdles, differences in deal-making style and other cultural customs.

Fiscal cliff impact on New York, US Property

The majority of foreign investors of New York and US property have little to be concerned about the new 2013 tax laws resulting from the fiscal cliff deal.

The two components impacting property investors in New York and the US are as follows:

A.  Federal capital gains tax will increase from 15% to 20% for individuals making more than $400,000 per year ($450,000 for married couples).

Hong Kong, China buyers investing in Manhattan

I'm currently writing from Midlevels in Hong Kong, enjoying the cool winter weather on Christmas day.  Some property notes when comparing Hong Kong/China vs New York.  

- South China Morning Post reported that Beijing, China appreciated the most last year, 40%.  Hong Kong 17%, Manhattan 10%, London 20%.

NYC area sales + 39%

Told you the bottom was over.  For Manhattan, it was in Q4 2009.  WSJ: Strong Market Pumps Up Home Sales

New York Property - Bullish

New York Property - Bullish

Last year, I attended a New York property seminar where the key attraction was a panelist who is a property celebrity in New York (Manhattan).

During the panelist session, this panelist pulled out a New York property article and said she wanted to share points from an article she read about why we should be optimistic about New York property. She mentioned the points – good numbers, landlocked, demand from emerging markets and finally air quality is "pristine".  It sounded very familiar but that “pristine” quote confirmed that she was quoting my article that was published in TheStreet.com. This was confirmed after the panelist session.  Here are the points again, summarized and edited to reflect new info.

New York Property

Castle Avenue Partners focuses on residential and commercial investment property in Manhattan, New York.  Our value lies in analyzing and recommending the right New York property for our client, managing, and handling the eventual sale. Our recommendation will include appreciation and rental potential, neighborhood growth, yield relative to stocks and bonds and tax implications.  The goal is to serve as an acquisition partner to local, overseas and international clients and collectively grow wealth through New York property.

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Focusing on buyers, the entire Manhattan, New York market is our inventory. 

Castle Avenue Partners in the news
Our media appearances, articles and interviews on major networks such as NBC, CBS and TheStreet.com

New York property

New York Property Yield

New York property (Manhattan condo) as an investment would have a gross rental yield of 4 to 5 percent. After paying for common charges and taxes, the net rental yield reduces to about 3 to 4 percent.

Manhattan, New York property is not a yield but rather an appreciation game. An investor buying New York property focuses on the long term appreciation potential. Demand for Manhattan property is global, coming from all over the world. Manhattan is a brand and the vacancy rate is less than 2 percent, relative to the US's 10 percent average. Inflation would mean rents and property values will increase.

A yield strategy in the US would mean investing in a midsize of small city. For example, Syracuse, New York is a college town with a yield of 10 to 15 percent. From personal experience, the appreciation from a city like Manhattan New York far outweights the rental yield cashflow from a midsize of small city.

Our website Castle Avenue Partners - Manhattan investment properties
Historical price appreciation
New York Property ROI

New York Property Yield