Chinese Are Taking a Bigger Bite Out of the Big Apple.

Town Residential is marked as the leader in sales and services of luxury real estate. The firm was founded in 2010 but has at is core a team of experienced and knowledgeable professionals that can lead one with a personalized approach in finding the perfect place in NYC apartments for rent. With 10 offices located in favorable places throughout town, it is easy and beneficial to find one. The experience within the firm is beyond compare as they are the most quoted source in the news media with regards to New York City’s luxury real estate.

This article appeared in the Real Deal with the title “Chinese are spreading their wings in NYC, resi experts say at TRD Shanghai forum” written September 12, 2015, reports that there was a meeting of residential experts from some of the leading real estate firms in New York to discuss this change in needs for the Chinese client looking to buy in New York City.

It was acknowledged that the Chinese understand the growth potential in the property of New York City. One positive thing about New York City is “demand is constant.” Some developers use the idea of owning property in New York City as a sign of success. Jonathan Simon brought out the importance of safety as a key factor in ones deciding to move to New York City. Stephen Kliegerman highlighted that the Chinese are looking beyond Manhattan for opportunities to purchase. But with financing a problem for foreigners it was recommended to bring “a lot of cash reserves.” One positive thing is that New York is well regulated and the Chinese can rest more easily knowing that the rules will be followed.

The group of professionals finished up the forum talking about their own personal interests as to where they would like to live or purchase property in the New York City area.