New Development Guidance

Posted by Wei Min Tan on March 5, 2025

Dear Potential Client,

 

The advantage of buying a new development is you get a brand new property which will have full service amenities.  Our buyer clients will book at pre-construction stage, wait for completion and pay the balance at closing.  New developments, while priced at a premium to resales, also command premium rents.

 

We have guided clients from all over the world with regards to booking at the best pre-construction developments.  Negotiations with a new development differs from negotiating a resale, and it’s very important to understand the finer points.  Also, I always explain downsides to clients.  For example, amenities are often not completed at time of closing etc.  There are pros and cons of new developments, which we explain to each buyer client.

 

We look forward to partnering with you on identifying the best new development project in Manhattan.

 

Weimin Tan

 



Contact Weimin



641 Lexington Avenue,
22nd floor,
New York, NY 10022





641 Lexington Avenue,
22nd floor,
New York, NY 10022





About Wei Min


  • Focuses on investors of Manhattan condominiums, interviewed by CNBC, CNN, Wall Street Journal, New York Times
  • Ex-Citibanker, managed $500 million portfolio
  • MBA, University of Illinois at Urbana-Champaign
  • Manhattan resident since 1999. Currently lives in Tribeca with wife and 2 kids
  • 352 burpees in 23 minutes, student of muay thai kickboxing

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