Real Estate

1,000 houses sold in Tema Istanbul in 6 days

Tema Istanbul 2, implemented in partnership with MESA, Artas, Kantur & Akdas, went on sale. Artas Construction Chairman of the Board Suleyman Cetinsaya said that 1,000 residences were sold in 6 days during the pre-demand period. Explaining that there is a high demand for residences, Cetinsaya said, “As you know, we started the first deliveries of Tema Istanbul, Turkey’s largest private sector project with a master plan and a reference in its sector, in July 2015. At this point, we see that the value of the houses has increased by 600%. We aim to complete our Tema Istanbul 2 project in 18 months.”

₺30 Thousand per M2

In the project, there will be 2 thousand 280 apartments on a wide scale from 80 square meters to 196 square meters. 70 villas will also be presented to the attention of buyers. The sales price per square meter in the project starts from ₺29-30 thousand. Erhan Boysanoglu, Chairman of the Mesa Board of Directors, said, “The license for Tema World has been obtained and we have started its construction.”

INVESTMENT INCREASES IN A SHORT TIME

Ali Kantur, Chairman of the Board of KANTUR&Akdas, said, “Even though new projects have not been implemented in the last two years, the wheels continued to turn with those under construction. After the short-term situation passes, the economy will settle on a much more solid ground and investments will continue at a higher rate than in the past.”

Source: Sabah / Translated by Irem Yildiz

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