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Developer sharply cuts apartment prices in Herzliya project

JONATHAN DESVERNEY by JONATHAN DESVERNEY
January 21, 2023
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Israeli actual property builders Chen and Itay Gindi Ltd., which is constructing the Liya Park challenge in Inexperienced Herzliya, is providing five-room flats at considerably decrease costs than final 12 months, sources near the matter have informed “Globes.” Residences are NIS 350,000 cheaper than final month and NIS 600,000 cheaper than in August.

Over the previous few days, the corporate has despatched a brand new supply to these . “A five-room condo, 137 sq. meters, beginning at NIS 5,080,000,” which suggests a reduction of about NIS 310,000 on comparable flats. A Globes examine on the Madlan web site discovered 137 sq. meter five-room flats had been offered final August within the challenge for NIS 5,660,000, which suggests virtually NIS 600,000 greater than the value at present supplied by the corporate – a distinction of about 10%.




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In adverts the corporate despatched out concerning the challenge in December, it supplied five-room flats within the challenge “beginning at NIS 5,390,000”. In line with the challenge web site, the corporate has a number of kinds of five-room flats, within the two buildings it’s establishing within the complicated, from sort A to sort D, 124 sq. meters to 140 sq. meters, alongside 5-6 room backyard flats and penthouses.

Liya Park contains two buildings of 12 flooring every, with 87 housing items mixed. The challenge was constructed on Dalia Rabikowitz Road within the Inexperienced Herzliya neighborhood, a brief distance from Reichman College (the previous Herzliya interdisciplinary heart), and Herzliya Park. The buildings are being constructed by the final contractor Ram Aderet, which can be a companion within the challenge.

Chen and Itay Gindi declined to answer the report.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on January 19, 2023.

© Copyright of Globes Writer Itonut (1983) Ltd., 2023.




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