{"id":39489,"date":"2017-01-03T15:05:57","date_gmt":"2017-01-03T08:05:57","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/manhattan-luxury-co-ops-fall-out-of-favour-as-new-condos-beckon\/"},"modified":"2017-01-03T15:09:37","modified_gmt":"2017-01-03T08:09:37","slug":"manhattan-luxury-co-ops-fall-out-of-favour-as-new-condos-beckon","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manhattan-luxury-co-ops-fall-out-of-favour-as-new-condos-beckon\/","title":{"rendered":"Manhattan luxury co-ops fall out of favour as new condos beckon"},"content":{"rendered":"<p>&#013;<br \/>\nThe luxury Manhattan co-op, a longtime sign of real estate prestige and exclusivity in New York, may be losing its appeal. Blame a glut of newly built high-end condos.<br \/>\nContracts for co-op apartments priced at US$4 million or more fell 25 percent this year from 2015, as buyers with means opted for newer homes with more amenities and fewer restrictive rules, according to a report published by luxury brokerage Olshan Realty. It was the biggest annual decline since the firm started tracking luxury&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : South China Morning Post&#013;<br \/>\nRead more&#8230;<a href=\"http:\/\/www.scmp.com\/property\/international\/article\/2058927\/manhattan-luxury-co-ops-fall-out-favour-new-condos-beckon\" target=\"_blank\">Manhattan luxury co-ops fall out of favour as new condos beckon<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; The luxury Manhattan co-op, a longtime sign of real estate prestige and exclusivity in New&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-39489","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-agV","jetpack-related-posts":[{"id":163164,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/soho-china-tycoon-zhang-xin-buys-nyc-land-for-luxury-condos\/","url_meta":{"origin":39489,"position":0},"title":"Soho China tycoon Zhang Xin buys NYC land for luxury condos","date":"October 23, 2025","format":false,"excerpt":"\r Zhang Xin, a Chinese property billionaire whose co-founded company Soho China was behind many projects that gave Beijing its futuristic skyline, has acquired land in a prestigious residential neighbourhood in New York City for a luxury condominium development. Manhattan-based Closer Properties, led by Zhang, acquired five adjacent parcels on\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110599,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manhattans-tallest-condo-building-central-park-tower-joins-a-flooded-luxury-market\/","url_meta":{"origin":39489,"position":1},"title":"Manhattan\u2019s tallest condo building, Central Park Tower, joins a flooded luxury market","date":"September 9, 2019","format":false,"excerpt":"\r On paper, it\u2019s the most expensive condo tower in the US. And at 1,550 feet above Manhattan, it\u2019s also the Western Hemisphere\u2019s tallest.Extell Development is building Central Park Tower, the firm\u2019s ultra-luxury follow-up to One57, the Billionaires\u2019 Row skyscraper that touched off the city\u2019s high-end construction boom \u2013 and\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134334,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-developers-in-los-angeles-bet-someone-will-pay-record-prices-for-these-condos\/","url_meta":{"origin":39489,"position":2},"title":"Luxury developers in Los Angeles bet someone will pay record prices for these condos","date":"February 1, 2023","format":false,"excerpt":"\r Two Los Angeles developers hope to find buyers who will pay between $50 and a $100 million for a condo.\r \r Source : cnbc.com\r Read more...Luxury developers in Los Angeles bet someone will pay record prices for these condos","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113379,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manhattan-property-slump-worsened-as-wall-street-boomed\/","url_meta":{"origin":39489,"position":3},"title":"Manhattan property slump worsened as Wall Street boomed","date":"January 3, 2020","format":false,"excerpt":"\r Average sale prices for co-ops and condos dropped 7.5% in the fourth quarter\r \r Source : ft.com\r Read more...Manhattan property slump worsened as Wall Street boomed","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114509,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-condos-at-the-converted-waldorf-astoria-building-set-to-debut-amid-a-glut-in-manhattans-residential-real-estate-market\/","url_meta":{"origin":39489,"position":4},"title":"Luxury condos at the converted Waldorf Astoria building set to debut amid a glut in Manhattan\u2019s residential real estate market","date":"February 25, 2020","format":false,"excerpt":"\r New York\u2019s closed Waldorf Astoria will re-emerge this week as a condo building, testing whether nostalgia for a cherished landmark can spark high-dollar deals in a market glutted with luxury homes.The Park Avenue property, a high-society hang-out that counted Frank Sinatra and Marilyn Monroe as tenants, has been getting\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39203,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxe-bangkok-condos-score-big-in-last-5-years\/","url_meta":{"origin":39489,"position":5},"title":"Luxe Bangkok condos score big in last 5 years","date":"December 29, 2016","format":false,"excerpt":"\r Demand for world-class conveniences rises in Thailand Plus Property conducted a real estate survey in regards to luxury condominiums in Bangkok recently and the results showed that there continues to be strong demand from both Thai and foreign customers for these types of units. The property and facilities management\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/39489"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=39489"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/39489\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=39489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=39489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=39489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}