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.

CNN mention on Chinese investors coming to U.S.

Chinese homebuyers are flocking to these U.S. states

View article at CNN.com

By Les Christie  @CNNMoney July 23, 2014: 5:11 PM ET

 NEW YORK (CNNMoney)

 

Chinese buyers are now the biggest international players in the U.S. housing market and some states are seeing billions of dollars in real estate deals as a result.

Asian American New York Property Agent

Wei Min Tan is a Manhattan property agent often interviewed by top media such as CNN, New York Times, Wall Street Journal and NBC.   He focuses on condominium apartments and serves global investors interested in asset diversification through Manhattan property.  

Interviewed by CNN: Top 10 U.S. Cities For Chinese Homebuyers

NEW YORK (CNNMoney)

As the Chinese economy continues to boom, Chinese are looking abroad to spend money on real estate.

Where are they buying?

West Village, an oasis of personality

West Village in Manhattan, New York is a charming village full of personality and character.  Maybe that's why many celebrities call West Village home.  It feels like a village, has neighborhood charm and parts of West Village may even make you think you're in an European town.  The photo of the bakery below is example of the village feel of West Village.

 

New York Chinese property agent on Chinese investors

New York chinese property agent on why Chinese investors are flocking to New York property.  The main reasons are overvaluation of property prices in China/Hong Kong and buying in anticipation of children coming to the US for higher education.

Chinese investors buying New York property

Chinese investors have been aggressively buying up Manhattan New York property in the past year.  I have been interviewed by CNN (Foreigners scoop up U.S. homes), New York Times (China's Wealthy Buying Condo Apartments) and Bloomberg on the topic and thought I'd do a summary of the trend in this blog post.


Overall, there is fear of a double dip in the US economy and the fear is reinforced by current news about the European debt crisis.  China's property market is beginning to slow and it seems there are few safe havens for investment.  Manhattan, New York property may be one of these few safe havens.  Chinese investors observed New York's price stability from the prior recession and view now as a time to enter the New York market while prices are recovering.

China's wealthy buying New York luxury condo apartments

Wealthy buyers from mainland China buying New York luxury condos.  New York Times article in which I was interviewed.

The boxy glass 15 Union Square West appeals to Chinese buyers, brokers say.

By CLAIRE WILSON

Published: August 12, 2011

Chinese buyers New York property

Chinese Buyers Trickle into New York real estate - The Real Deal

Interviewed by The Real Deal on Chinese buyers of New York luxury property.  A large portion of our clients are foreign buyers from Asia - China, Hong Kong, Singapore, Korea.

Chinese Buying New York Property (interviewed by Bloomberg)

Wealthy Chinese investors have been snapping up New York luxury residential property especially during the past 1 year.  Bloomberg interviewed me on the trend and below is the article, note the section under Trump appeal. 

Chinese on Global Homebuying Spree as Local Markets Tighten On a sunny Saturday in early June, Larry Zhou strolled the floor of a property exhibition in Hong Kong, wondering whether it was time to buy another home -- not in the city, where residential prices have soared 50 percent in the past two years, but maybe in Thailand or Malaysia.

New York luxury property overview

New York Luxury Property Overview

Our foreign buyers are divided into two groups - clients who want to get a piece of Manhattan, New York and clients who want to get the best of Manhattan, New York.  This article is about the latter and what luxury property means in Manhattan.  Luxury in this context refers to the most expensive apartments.

A luxury property in Manhattan usually have one or more of the features below.  The most luxurious apartments will have all the below.

Chinese Real Estate Agent New York

As Founder of Castle Avenue Team at Rutenberg Realty, I am pleased to share that we are expanding marketing efforts to serve Chinese buyers of Manhattan, New York real estate.  Over the past 2 years, we have seen an explosion of Chinese buyers from mainland China and Hong Kong.  Buyers from Singapore, Taiwan and Malaysia are also increasingly diversifying funds into Manhattan property.

Chinese Property Agent in New York City

I am a Cantonese Chinese speaking real estate agent in Manhattan, New York serving foreign and international investment property buyers. Our clients include investors from Hong Kong, Singapore, China and Malaysia.

I grew up in Klang, Malaysia, and came to the US for college and MBA education.  Consequently, I worked as a banker at Citigroup for 9 years and attained numerous achievements.  Four years ago, I left corporate world to focus on being a full time real estate investor and broker.

Our clients usually purchase investment condos in new developments in Manhattan because Manhattan has shown to be an asset that sustains its value, despite the current recession. For example, Manhattan prices decreased by about 20 percent during the current recession. This decline is much lower than the declines at similar major cities such as Los Angeles and San Francisco where prices declined by 40 to 50 percent. Manhattan prices are also more stable relative to stocks where in 2008, prices declined by 40 percent.

Reasons for our clients' purchases include:
(i) taking advantage of the current downturn
(ii) purchasing residence for children attending college or university in Manhattan, such as at New York University or Columbia University.

We also represent clients purchasing commercial investment property in Manhattan, including mixed use buildings and commercial condos. Besides Cantonese Chinese, I also speak Malay, the national language of Malaysia.

Visit Our Overseas Buyer's Guide
New York historical price appreciation
New York investment property overview
Property yield
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Visit our website at http://www.castle-avenue.com/

Best,
Wei Min
tan@castle-avenue.com
212.682.8494

Cantonese Chinese speaking agent, Manhattan New York condo

I am a Cantonese Chinese speaking property agent in Manhattan, New York serving foreign and international investment property buyers.  Our clients include investors from Hong Kong, Singapore, China and Malaysia.

Our clients usually purchase investment condos in new developments in Manhattan because Manhattan has shown to be an asset that sustains its value, despite the current recession.  For example, Manhattan prices decreased by about 20 percent during the current recession.  This decline is much lower than the declines at similar major cities such as Los Angeles and San Francisco where prices declined by 40 to 50 percent.  Manhattan prices are also more stable relative to stocks where in 2008, prices declined by 40 percent.