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Toll Brothers sees Manhattan luxury-condo glut

US home builder is zeroing in on smaller apartments with lower prices as expensive units sit on the market

New York

MANHATTAN'S growing inventory of ultra-luxury condominiums has another big developer seeing signs of a glut.

Toll Brothers Inc, the largest US luxury-home builder, is zeroing in on smaller apartments with lower prices in Manhattan after watching expensive units sit on the

sentifi.com

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