60 sm flat goes for 4.7m in White City Residence

An artist from New Zealand who fell in love with Neve Tzedek just purchased a 60 square meter flat on the 16th floor of luxury residential tower White City Residence for a cool NIS 4.7m ($1.35m). That puts the price per square metre for the apartment at NIS 78,000 per square meter (ie. $22,000 per sm). No less interesting is the fact that the purchaser asked that the apartment be designed without walls in order to accentuate the sea view and the feeling of space. Only the bathroom will have walls facing the sea but those will be transparent!

According to Ran Ben Avraham, vice president of marketing ZMH, the constructor of the tower, "the buyer first came to Israel for a simple visit and fell in love with Neve Tzedek neighbourhood. She heard about the project and decided to buy a flat. Today, very few apartments, except for some very expensive penthouses, can enjoy such views of the city and the sea along with a design from Giorgio Armani".

The White City Residence is located on Isaac Elchanan in Neve Tzedek and is being built by ZMH Hammerman, Eurocom and the Bruner family. It includes a residential tower of 30 floors and two adjacent buildings of five floors each that include loft apartments and commercial space. The project also includes a luxury spa, a fitness center, an outdoor swimming pool, a magnificent lobby, a lounge, meeting rooms, a theater room and more.

Source Ynet