DNAinfo interviews Wei Min in Pool Of Foreign Buyers Drying Up

Posted by Wei Min Tan on October 30, 2017

Publication:  DNA Info

 

Summary:  Volume of foreign buyers decreasing as U.S. dollar strengthens.

 

Wei Min’s comments in article:

Weimin Tan, of Rutenberg Realty, said his clients from China want to park their assets here because of government instability, bad air quality and because they want to send their children to college here. He has also seen an influx of buyers from Hong Kong since the protests there started.

Some of his clients are also eyeing the U.S. government’s EB-5 visa program, which grants greencards to investors who put $500,000 into development projects like Hudson or Atlantic Yards.

“High net-worth people in China [are] looking to leave,” Tan said of the country that might be experiencing a real estate bubble. “China has been slowing down economically.”



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+1.212.380.6134



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





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Wei Min Tan is a property broker focusing on Manhattan, New York luxury condominiums and foreign buyers. He is often interviewed by the media including CNN, The New York Times and The Wall Street Journal on the subject of foreign buyers of Manhattan property.