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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

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Published Fri, Dec 16, 2016 · 09:50 PM

    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.

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