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.”



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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