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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

Dozens of new buildings opening in neighbourhoods throughout the city have affected the market for high-end condominiums and rental apartments.

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...

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