The Edge interviews Wei Min in Cover Story, Resilient Manhattan

Posted by Wei Min Tan on October 29, 2017

Publication:  The Edge Malaysia

 

Summary:  Wei Min Tan, Manhattan property broker originally from Malaysia, interviewed by The Edge, Malaysia’s leading independent business magazine.

This article is about Manhattan’s resiliency amid the Great Recession.  Since Manhattan is land-locked, the price decline in Manhattan was about 15 percent, compared to the U.S. average which experienced a decline of 35 percent.  The relatively lower decline in Manhattan is because of:

(i) a large percentage of Coops where financials of potential buyers are heavily scrutinized.  Hence buyers who are less financially strong would not be approved by the board.

(ii) higher income profile of buyers.  Manhattan’s buyers have higher incomes and credit score compared to rest of the U.S.

 

Note:  The URL of the article is no longer available online.



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

Work With Wei Min

CONTACT US
This error message is only visible to WordPress admins

Error: API requests are being delayed. New posts will not be retrieved.

There may be an issue with the Instagram access token that you are using. Your server might also be unable to connect to Instagram at this time.

Error: API requests are being delayed for this account. New posts will not be retrieved.

There may be an issue with the Instagram access token that you are using. Your server might also be unable to connect to Instagram at this time.