Days after we heard of the
most expensive flat transaction ever in Israel (on a price per sqm basis), we learn that Ofer Investments Ltd. has sold an apartment in its Herbert Samuel project in Tel Aviv for NIS 47 million ($13 million) to businessman Gabriel Tamman. The 400-square meter apartment with a 60-square meter balcony is on the building's 19th floor, just below the penthouses. The sale was made at NIS 102,000 per square meter which translates to almost $29,000 per square meter. While this price is well below the record obtained by David Promenade Residences earlier this month at $37,000 per sqm, it's still way above the average price that similar flats have fetched recently. Especially if we keep in mind that the apartment was bought in shell condition, and that the buyer will have to make substantial investment in interior design.
