Brad (Q): Can you provide an overview of the New York property market at the moment?
Weimin (A): Manhattan, New York is leading the recovery in the US property market. As a result, we are seeing high net worth global investors coming back into New York to invest in property.
Q: Why do you say New York is leading the US recovery?
A: From a property perspective, New York (Manhattan) has always been the leader. Manhattan was the last to decline during the recession and the first to recover. Yes, it is the most expensive market in the US. But it's also the capital for finance, fashion, culture, tourism and food and these are factors that drive the real estate market.
