With an arts centre, posh stores, uber expensive apartments and lots of controversy, the largest privately funded real estate development in US history has opened in Manhattan, New York.

It’s in a place called Hudson Yards, and it took seven years and a cool US$16bil (RM67.2bil) to build.The project was erected on a giant slab of concrete covering a rail depot and makes New York a new centre of urban planning innovation in a city with a red-hot real estate market.