Government backed prime investment apartments in modern residence

$ 98682

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Summary

  • Government backed family residence compound with ten low rise blocks
  • Metro to city centre is a short walk
  • Excellent large scale hotel style facilities
  • Quality finishing on the interior
  • Clean modern region with similar modern residences
  • Region popular with middle class families
  • Surrounded by parks and forests to the north

About this project

This large scale complex is wholly aimed at families yet retains a healthy investment aspect for several reasons. Providing large apartments spread over 10 low rise blocks, the compound has proved exceptionally popular with middle class Turks. With only 336 apartments on a huge 30,000 sqm land plot, large green space and expansive facilities will please and relax all residents of all ages.

The complex is government backed, forming part of the Kagithane regenaration program - a billion dollar investment by the Turkish government into the region. Already well under way, the neighbourhood is already popular with middle class families, with similar large scale compounds.

Part of this program is the metro to Sisli and Besiktas, i.e. the city centre, ensuring residents are 4 stops away from Istanbul's primary business districts. The metro is 80% complete and due to open in 2018

Vacation home buyers will be pleased to be just 10 to 15 minutes from key touristic zones, like Eyup Sultan mosque, Taksim, and Sultanahmet.

Government investment continues, with a further metro line under construction, linking the region to the world famous Eyup Sultan mosque, and the world famous touristic peninsula, Sultanahmet, and Eminonu.

Surrounded by parks and forests, the region also has clean air - a raririty in mega cities like Istanbul.

Facilities Breakdown

  • Playstation room
  • Café
  • Table tennis
  • Basketball courts
  • Sauna
  • Gym
  • Walking parkour
  • Commercial space
  • Child play areas
  • Indoor swimming pool

Price Range

Type Size (Min) Size (Max) Price (Min) Price (Max)
2+1 79 sqm 160 sqm $ 98682 $ 197099
3+1 150 sqm 271 sqm $ 169340 $ 309860
4+1 204 sqm 210 sqm $ 205068 $ 278914

- Price ranges last updated 10/12/2018
- 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

  • Ataturk airport 20 mins
  • New airport 25 mins
  • 5 huge malls 10 mins
  • Many major private hospitals 10 mins
  • Taksim 20 mins
  • Sultanahmet 25 mins
  • Eyup Sultan 10 mins
  • New metro line 5 mins walk

Regional information

Levent is Istanbul's commercial and business district. The skyscrapers that line Buyukdere Avenue are all in excess of 40 stories, with Sapphire the tallest with 64 stories. The region has the highest concentration of malls anywhere in the world with 5 major malls on the same stretch of road! All skyscrapers will enjoy amazing views over the Bosphorus, with the avenue at the peak of a hill. The eastern side of the avenue ironically has a two storey height restriction, and is filled with Uber expensive villas. After Mecidiyeköy, Levent is the second busiest part of Istanbul - not Taksim or Sultanahmet.

Investment information

Investing in Levent is an investment in Istanbul's primary commercial district. Purchasing at the right price here means you will enjoy excellent rental returns, and excellent capital gains. Levent emerged in the 90s, with financial deregulation in Turkey. Istanbul's main bourse was created and banking was heavily deregulated. Filled with factories and warehouses, the government chose Levent ahead of the Media Highway to create this business district. Prices accelerated in the 2000s and so did skyscraper construction, where today the region is saturated, with no further space left for skyscrapers. Government efforts are now concentrated on Ataşehir, where all banks are required to move to by 2019, and to Medi Highway, where there is heavy private and public investment in creating a new business district.

Developer Background

This government backed developer is as safe as it can get. This hugely experienced developer soldiers on with its landmark developments. From building factories, to schools, Universities to Malls, this developer shys from nothing. Their engineers enjoy a challenge, big or small. Their size ensures the majority of materials used are developed in house, ensuring savings and of course quality control. This firm are one of the governments entrusted developers, and are used in highway, bridge, dam, and canal constructions.