Tuesday, July 6, 2010

21st floor flat in White City Residence sold for 7m

A 130 sqm apartment on the 21st floor of the White City Residence project was just sold to an Israeli couple from the hi-tech sector for NIS 7 million ($1.8 million). The flat has a balcony of 13 sqm and if you take into account 50% of that surface as is the current practice, it brings the price per square meter to NIS 51,000 ($13,000).

The project, whose construction began recently is located along street Isaac Elchanan and is owned by Eurocom Real Estate, Hammerman and a group of investors from Belgium.

Companies have reported that so far 66 apartments in the project were sold for a total of over NIS 300 million. Buyers are mostly businessmen from Israel , Switzerland , Venezuela, France and England.

The project includes a residential tower of 40 floors with about 160 apartments all with sea view. In addition, another five-story building will be built that includes loft and duplex apartments. On the ground floor boutiques will be built.

The project is unique thanks to a special deal with "Armani Casa" which will allow the promoters to sell the apartments with furniture from the famous designer from Milan.

Source The Marker

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