The Selling The City star dispenses advice on procuring New York’s hottest properties
In the sphere of luxury real estate, where the optics of success are often viewed through material gains and gratification, Jade Chan credits the most pivotal moment in her career to “not a win, but a loss”.
Chan recalls a new development project that she spent almost four years dedicating all her effort and energy to, only for it to fail when the developer got embroiled in a scandal. “It was a major setback, both professionally and personally. But it also became the experience that reshaped my career,” she says.
Using the low point as a stepping stone, however, Chan—who represents the Douglas Elliman brokerage, a partner of Knight Frank, and is now one of the world’s most well-known realtors—believes it was one of the most priceless lessons she could’ve learnt.
“I came out of it with a much deeper understanding of the risks in new developments, and I turned that into a strength. Now, I use that knowledge to guide my clients with a clear eye — helping them avoid the red flags I once missed, and giving them the tools to make informed, secure decisions,” she says. Today, Chan oversees a $2 billion portfolio, leading sales at The Mandarin Oriental Residences Fifth Avenue, a SHVO signature, and managing high-profile transactions at 53W53, Jean Nouvel’s striking contribution to the Manhattan skyline.
The Knight Frank Wealth Report 2025 notes a global uptick in UHNW interest in residential property as a store of wealth. How is this trend currently reflected in New York’s luxury property?
Real estate value in, arguably, the greatest city in the world only appreciates with time. In fact, we have seen the best quarter this year in the last six years, and it isn’t slowing down any time soon.
Our most luxurious properties continue to experience immense sales from buyers both domestically and abroad. Specifically, luxury properties in Midtown with proximity to Manhattan’s greatest amenity, Central Park, get the greatest attention. One example of this is The Mandarin Oriental Residences, Fifth Avenue located on 54th Street. Buyers, especially those who are international, not only love the Fifth Avenue location with New York’s greatest attractions right outside their doorsteps, but also love the turnkey offering here. Anything you get at a Mandarin Oriental hotel, you get here as part of your residence.
What are the top reasons wealthy buyers from Singapore or Southeast Asia are investing in New York property right now?
Buying in New York City is always a smart investment, and having real estate here, especially on or near Central Park, will always continue to be a blue chip asset in the United States as New York City is arguably the greatest city not only in the USA, but in the world.
For UHNW investors in Singapore looking to diversify, what areas or types of properties in New York would you recommend?
International investors looking to establish a presence in New York City should consider condominium homes in prime locations, whether that is on or near Central Park or in downtown neighborhoods like SoHo, Greenwich Village, or West Village as these residences will always hold value.
For example, we’ve seen great traction at two of my current projects, Mandarin Oriental Residences, Fifth Avenue as well as 53 West 53 because of both buildings’ locations with the very best of New York right at your fingertips. The residents at both properties can walk outside and be in front of Chanel, Louis Vuitton, Dior, Saks Fifth Avenue, MoMa, and of course Central Park. It doesn’t get any better than that.
Are international buyers asking more about features like sustainability, wellness, or smart home tech? What trends are you seeing in this area?
In the past, luxury was typically defined by tangible elements like quality construction, premium finishes, and stunning views. But today, luxury has evolved. It’s no longer just about the physical space—it’s about lifestyle and convenience.
International buyers, particularly the younger generation, expect cutting-edge technology seamlessly integrated into their homes, and wellness has become a major priority. The high-end residences these buyers are drawn to offer everything from cold plunges and IV treatments to in-house facialists and personal trainers. True luxury now means having beauty treatments, massages, personal training—even a blowout or manicure—available without ever having to leave your building.
