Golden horn river & Sultanahmet views from government backed project

$ 48331

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Summary

  • Major urban regeneration project
  • Central location with suburban pricing
  • Pre launch pricing until August 2017
  • Rental potential with major universities near by
  • Full Golden Horn river views from the 1st floor upwards

About this project

Launched in January 2017 amid much fanfare and attended by the Mayor of Istanbul himself, this major regeneration project will become a landmark in the region. Its central location provides easy access into the historic Fatih and Taksim regions, and nearby major universities provide lucrative rental returns.

With the district of Gaziosmanpasa (or GOP for short) being so close to major Istanbul landmarks, demand for high quality property is on the rise by local middle class Turks. With GOP still developing as a region, prices remain low, and hence is targeted heavily by Turkish investors.

As part of the conditions of the urban regeneration, the developer pledges to provide:

  • 24.000 sqm of green space for residents;

  • School with 65 classrooms, and a 200 bed student residence;

  • 2.500 capacity Mosque;

  • Construction to the LEED energy standardisation. 

With an architectural design to match the historic fabric of the neighbouring Eyup Al Ansari Mosque, this project will become a regional landmark in high demand.

With a major metro line into Fatih, and a tramway along the river front already under construction, this is already an investor’s dream. Early investors can expect excellent capital gains.

Facilities Breakdown

  • Mescit
  • Basketball courts
  • Football courts
  • Sauna
  • 24 7 security
  • Turkish baths
  • Gym
  • Child play areas
  • Indoor swimming pool
  • Commercial space
  • Ornamental fountains
  • Lobby
  • Café
  • Restaurant
  • Creche

Price Range

Type Size (Min) Size (Max) Price (Min) Price (Max)
1+0 51 sqm 53 sqm $ 48331 $ 55769
1+1 67 sqm 118 sqm $ 62011 $ 110091
2+1 95 sqm 105 sqm $ 83395 $ 190724
3+1 154 sqm 202 sqm $ 138248 $ 227235

- 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.

Floor Types

Distances

  • Ataturk airport 35 mins
  • Business district (Levent) 20 mins
  • Vialand Mall and theme park 5 mins
  • Eyup Sultan historic mosque 10 mins
  • Sultanahmet 20 mins
  • Taksim 20 mins
  • New metro station 5 mins

Regional information

A popular working class district, Gaziosmanpasa is part of the government’s current urban regeneration plans. Within this scope, poorly built housing stock from the 70s and 80s are being demolished, and combined into large parcels for secure complexes like these. As such, the region remains traditionally Turkish working class, but neighbourhood life remains decent. Its proximity to the business district (just 15 minutes) and Fatih (15 mins) make it popular with the increasing middle classes of Istanbul. Home to Istanbul’s largest theme park, Vialand, a popular attraction for Turks and tourists alike.

Investment information

With Urban regeneration well under way in the region, Gaziosmanpasa and neighbouring Eyup will become a poster symbol for future regeneration plans. The government’s target for both districts is purely residential, with commercial regeneration targeting the Media Highway region. With both districts being so close to the city centre, they are inevitably the target of continued regeneration going forward, with the aspirational middle classes targeting comfortable large complexes like this one, which are in short supply.

With a further metro line into Fatih, and an existing river front tramway set to complete in 2019, investors are showing much interest in this complex, which will be walking distance to both lines.

Developer Background

A public private partnership, the developer is well known for completing large scale infrastructure projects in Istanbul. A cash rich developer, means it plans to limit initial sales at the outset, with the majority of apartments to go on general sale closer to physical completion of the complex. Having made a solid reputation in building Universities, sport stadiums, schools, hospitals, and infrastructure, this complex is not its most ambitious project to date in terms of size, but most certainly will be its most well known due to its location. With it being the first large scale complex in the region, its set to become a landmark on completion.