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Luxury deals push Manhattan apartment prices to pre-crisis peaks

Median price of completed purchases jumps 17% to US$1.15m, the highest in 27 years

New York

MANHATTAN home prices surged to a record in the fourth quarter, propelled by closings of luxury deals in new developments that were agreed to years ago, when construction was just starting on many of the buildings.

The median price of all completed co-op and condominium