The Business Times

Property

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Property

SUBSCRIBERS

Slowdown in New York's high-end housing market

Developers facing tough times in Big Apple, but projected fall in land prices offers silver lining

Published Fri, Dec 16, 2016 · 09:50 PM
Share this article.

New York

THINGS are getting choppy in New York's once-rocketing residential real estate market.

Last week, the developers of what was planned as the city's tallest tower outside of Manhattan gave up and sold their site next to the historic clock tower building in Queens Plaza to the Durst Organization for US$173.5 million.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here