Wei Min interviewed in How Foreign Buyers Affect Local Real Estate

Posted by Wei Min Tan on October 30, 2017

Publication:  DNA Info

 

Summary:  Wei Min Tan interviewed about how foreign buyers affect the local Manhattan property market.  Article covers topics like how foreigners are helping drive down price of luxury rentals and how some NYC developers are marketing projects in Asia before marketing the project locally in New York.

 

Wei Min’s comments in article:  The company Vanke is doing a joint venture with Aby Rosen for a Midtown condo at 100 E. 53rd St., and XIN Development is building the Oosten in South Williamsburg, according to Wei Min Tan, a broker with Rutenberg.

Other new projects are marketing in China, Malaysia and Singapore before advertising to locals, including Extell Development’s 71-story tower — with homes expected to cost between $1 and $3 million — rising over a former Pathmark site near the East River on the Lower East Side.



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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