In a sign of the times, Manhattan’s priciest condo project this year doesn’t expect to crack $1 billion in sales. Facing an oversupply of new development condo units in the borough, this year’s most expensive condo projects have set the pricing bar far lower than in 2018, according to a TRD analysis. The total sellout price for the 10 most expensive Manhattan condo projects this year was just $3.1 billion, a 57 percent plunge from
source https://therealdeal.com/2019/12/11/manhattan-condo-builders-pull-back-as-market-sinks/
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