More of my media appearances here: Media Appearances

 

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View Weimin's media appearances here: Weimin's Media Appearances

Manhattan's first week of Reopening

The Manhattan property market was on PAUSE for 15 weeks.  This week, as part of Phase 2, we reopened.  Property agents are showing again, with masks, hand sanitizers, a lot more disclosures.  

My article, Manhattan's first week of Reopening, shares the key observations from the 15 week lock down until today.

Manhattan's Asian American property agent Wei Min Tan

Manhattan, New York's Asian property agent Wei Min Tan focuses on investors of Manhattan residential condos.  He is a market expert who has been interviewed more than 100 times by top media including CNBC, CNN, New York Times, Wall Street Journal.  Wei Min lives in Tribeca with his family and has been living in Manhattan since 1999.  Wei Min speaks English, Bahasa Malaysia, Cantonese Chinese, conversational Mandarin Chinese and Hokkien (the Southeast Asian version).  Click on the link, the first sentence, for his bio.

Food in Manhattan

Having lived in Manhattan for 20 years, experiencing restaurants is part of life here.  Over time, instead of trying new places all the time, I've come to stick to a few favorites.  Food in Manhattan summarizes my favorite restaurants here in this great culinary city.

Facebook and Amazon Expanding in Manhattan

Just wrote article, Facebook and Amazon are expanding in Manhattan.  Facebook is in talks to lease 700,000 square feet opposite Penn Station.Along with Google’s expansion of 1.3 million square feet in Hudson Square, New York is becoming the East Coast’s tech hub.

Closed on foreign client's new launch condo in Gramercy

We just closed on our foreign client's new launch condo last week.  Booked at pre-construction stage about two years ago.  The building, 200 E 21 St, is targeting LEED Gold certification.  Luxury finishings, hardwood floors, marble bathroom.  

Read about it at:  Manhattan New Launch Condo Investment For Foreign Client.

Buying new property launches in Manhattan, pros and cons

My article about the pros and cons of buying new property launches in Manhattan. Includes examples of our clients' deals.

Read article:  Pros and Cons of New Property Launches in Manhattan

Best New York property agents

Bio overview in pictures on my experience and life as a New York property agent focusing on investors.

Read article:  Best New York property agents

Buying New Condo in Manhattan, Tips for the Foreign Buyer

Buying new condos in Manhattan is a strategy that many of our foreign clients pursue.  The objectives are either for rental return or for use as vacation home.   By the time a foreign investor client reaches out to me, he would have researched extensively online and have a strong understanding of the Manhattan market.

In addition, the client would have read a lot of my articles on the subject of investing in Manhattan condos.  Still, there are many questions.  Understandably, buying a condo in a different country is a major undertaking.

Here are some tips for foreign investors:

Read article:  Buying New Condo in Manhattan

Best Condos in Manhattan, New York

Which is the best condo building in Manhattan?  The answer depends on the purpose of the client.  For example, buying to rent out has different criteria vs buying as vacation home or buying merely to park money.  

This article talks about several condos and why they are "the best" in their respective categories.

Read article:  Best Condos in Manhattan

The art of picking new property projects in Manhattan

Buyers are constantly overwhelmed with ads for new property projects, whether here in the US or even abroad.  With so many projects and corresponding beautiful photos, I can imagine how overwhelmed a buyer would be. 

Investing in new property projects is one of our focus niches when representing buyer clients from all over the world. 

We pick projects with good appreciation potential.  Client books the property and wait two years for completion.  The advantage is the price discount given to buyers who buy pre-construction (before the building is built).

Factors we look at include demand for the type of property, wow factor and competition from other buildings. 

Check out the full article I wrote about How We Pick New Property Projects In Manhattan. 

Best areas to invest in Manhattan

Article I wrote about one of the most popular questions clients ask, "Whats the best area to invest in Manhattan?"  

There is no one best area, it's all about evaluating the upsides and downsides relative to your objectives.

This article gives examples of some of the most popular neighborhoods and their respective upsides/downsides.

Read article:  Best areas to invest in Manhattan

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 

My favorite Japanese restaurants in New York

By Wei Min Tan

As a New York property agent, bringing clients to nice restaurants is part of the job which I enjoy a lot. This has given me the opportunity to try a lot of restaurants in New York. 

These are two of my favorite Japanese places in New York. Japanese is popular here. In fact, the most expensive restaurant in the U.S., Masa, is a Japanese restaurant in Manhattan.  

Buying a loft in New York

Owning a loft apartment in New York is having one of the ultimate New York assets. While residential condominiums continue to be built, a true loft apartment is scarce. Supply is limited and New Yorkers love lofts (if they can afford it). This is because lofts are:

(i) Big and spacious

(ii) Have high ceilings and large windows which make the space feel voluminous

(iii) So charming 

Advice on buying New York property to benefit from the Trump wave

By Wei Min Tan

March 15, 2017

While the last 2 quarters of 2016 saw buyers sitting on the fence and sales volume down, since Trump’s historic win, there has been an increase in sales with Manhattan condos. We focus on buyers of residential condominiums for investment. In Q3 and Q4, there was plenty of time for our clients. Apartments were sitting on the market. But in January alone, we started seeing clients lose deals because of not acting fast enough.

Buying opportunities as sales drop 20 percent

 By Wei Min Tan

It’s now official. Consistent with my previous updates about now Manhattan being a buyer’s market, recently published reports show Q3 2016 sales volume down 20 percent.  

The market is especially favorable to cash buyers and this is evidenced by the numerous deals, whether pricing or concessions, we managed to negotiate for buyer clients recently.

How investing in New York’s next hottest area provided handsome returns for our clients

By Wei Min Tan

The 16-acre World Trade Center site has been the hottest upcoming development and the pinnacle of Downtown’s revitalization in New York for the past decade. 

Best type of investment property in New York

By Wei Min Tan

Our clients, who are successful business owners or corporate executives from around the world, invest in Manhattan, New York property for diversification and long term stable asset growth. To this end, Manhattan, New York property, given its stable appreciation trend over time, meets the objective very well.

As we often explain to buyer clients, Manhattan property will not appreciate 50 percent a year like in certain emerging countries. This is because Manhattan, New York is not a speculative market. About 70 percent of buyers in Manhattan are locals, buying property to live in. This makes market prices stable. A market becomes volatile when majority of buyers are investors and even more volatile if these investors are from one or two countries.