Family apartments in the forests with metro at your doorstep

$ 113334

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Summary

  • Apartment complex with ground level mall
  • Landmark project in the region 
  • Metro station to central Istanbul within the complex
  • A superb pre launch investment opportunity
  • Based in Sancaktepe, one of Istanbul's rising regions

About this project

Located in Sancaktepe, this complex is planned as a landmark for the region. With views over the state park, and the uber modern municipality complex, this project is already popular with Turkish pre launch investors.

The region has seen incredible price rises, with the investment by many of Istanbul's major developers. The region is now famous in Istanbul for being an apartment complex haven. The local municipality honoured this by building a large park with its own offices at the centre. With no mall in the region, this complex puts the finishing touches, with 500 apartments and nearly 100 stores at the ground level.

Built by one of Istanbul's most powerful builders, they have manged to bring the construction of the new metro line to its doorstep. Terminating at Uskudar, this metro line will bring residents to central Istanbul within 20 minutes, where passengers can travel on to Besiktas, Sisli, Fatih, and Kadikoy - Istanbuls major districts. This will transform the region further, and cause a price hike on completion.

The developer has made efficient use of the land, using the mall roof top for landscaped gardens, swimming pool, and outdoor seating areas.

The famous Cekmekoy forests are a short drive away, where Turks take weekend breaks. The region is now filled with private hospitals and private colleges, as it rapidly transformed from a working class to a middle class region. The TEM highway is a few minutes away, meaning one can drive to Sabiha Gokcen airport in under 15 minutes, and even Sapanca in under an hour.

This is a pre launch project, which means early investors can make superb capital gains over the construction period. Pera analysts expect a minimum return of 55% opon completion of the complex.

Facilities Breakdown

  • Sunbathing terraces
  • Restaurant
  • Café
  • 24 7 security
  • Walking parkour
  • Ornamental fountains
  • Child play areas
  • Child swimming pool
  • Outdoor swimming pool

Price Range

Type Size (Min) Size (Max) Price (Min) Price (Max)
1+1 60 sqm 76 sqm $ 66591 $ 109522
2+1 97 sqm 137 sqm $ 113334 $ 169673
3+1 120 sqm 160 sqm $ 142674 $ 195471
4+1 190 sqm 205 sqm $ 229339 $ 254414

- Price ranges last updated 18/11/2018
- Prices are list prices and subject to discounts in accordance with the chosen payment plan and negotiation with the seller.

Payment Plan

This product is available as full payment in cash only, with short term payment plans by negotiation only.

Distances

  • Sabiha Gokcen airport
  • Ikea and Buyaka mall 10 minutes
  • Atasehir international finance centre 10 minutes
  • Private hospitals within 10 minutes
  • Uskudar 25 minutes
  • Sultanahmet 35 minutes
  • Bosphorus 25 minutes

Regional information

Sancaktepe is a region of natural beauty, set amongst the forests on the Anatolian side. Ten years ago the region was made up of mainly farmland and poorly constructed apartment buildings. Today, the region has transformed to one of Istanbul's most sought after. Driven by many factors, the region is now filled with many private complexes built by all of Istanbul's major developers.

With this surge of population, major hospitals, private colleges, and large malls all opening in the region. The Cekmekoy forests are famous in Istanbul, with Turks making regular weekend visits. The Municipality recently completed its headquarters, with a major park to the front. Major brands are already in the region, with cafes and restaurants all opening.

The metro line linking the region to Uskudar is within 10 minute drive, but an extension is currently under construction which will terminate a few hundred metres from the

This is an idyllic family region. All possible amenities available for the modern family looking for modern day living, with a countryside twist.

Developer Background

Sancaktepe has made major gains over the last 5 years, showing in incredible 172% price rise. This has continued in 2017, already showing 17% gain.

Sancaktepe's growth started with the construction of a major link road to the first Bosphorus bridge. The metro construction (Uskudar Cekmekoy line) caused a further spike in growth, and an extension to Sancaktepe has recently started, causing a further price growth. A major military airport was already in the region, but the announcement of Istanbul's large financial centre in Atasehir, just ten minutes away, was the real factor driving growth.

All of Istanbul's major developers have large scale complexes here, with land now at a premium. Further construction will be strictly controlled, meaning prices will remain buoyant for the coming years. Pera Analysts expect to see 25-30% annual price growth, on average in the region. Compounds will see higher price growth as is the norm in Istanbul.