My article, New vs Resale Condo in New York, analyses the advantages of each. New condos have better facilities and buyers are booking their condo unit at a discount to what the eventual price at completion would be.
Meanwhile, Resale condos have advantages including better price negotiability, more options and buyers can better understand the building's history.
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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