Twin tower residence in the centre of the Kagithane regeneration region

$ 266729

Share Property

Summary

  • Twin tower residence project in city centre
  • Family orienatted facilities
  • High quality residence life with quality materials
  • A reborn region with modernity - Cendere
  • Fresh air breezing in from the Belgrade forests
  • Ease of transportation by main roads, and new metro to Sisli

About this project

With just 144 apartments, this boutique compound is the perfect entry-level investment into the central part of Istanbul. Made of two blocks, only one and two-bedroom apartments are available to the investors. Twenty-three stores make up the ground level of an already exceptionally busy Avenue of Kagithane - Cenderre.

Interiors are boutique in nature, with the designers maximising every millimetre to ensure the efficiency of space.

In terms of facilities, the project offers fully-equipped residence facilities. A fully equipped gym and pool are provided alongside Sauna and Turkish bathing facilities.

Situated in Kagithane, the project adds value to a region that has already seen massive regeneration. The Cenderre river is almost wholly regenerated with significant brands all moving in. The driving force is its excellent proximity to the existing business district of Levent-Maslak and the short distance to the city centre of Sisl-Taksim-Besiktas.

The project is located next to one of the city's largest forests and rivers offering fresh air and amazing green views all day long.

Kagithane becomes one of the most comfortable areas of Istanbul with the opening of the new M7 metro line, which provides traffic-free access to the city centre and Besiktas. The region is already filled with shopping malls, private hospitals and new universities, ensuring a healthy rental income for the area.

Facilities Breakdown

  • Sunbathing terraces
  • Basketball courts
  • Underground parking
  • 24 7 security
  • Spa
  • Gym
  • Walking parkour
  • Ornamental fountains
  • Child play areas
  • Outdoor swimming pool

Price Range

Type Size (Min) Size (Max) Price (Min) Price (Max)
1+1 76 sqm 112 sqm $ 266729 $ 388900
2+1 110 sqm 122 sqm $ 384561 $ 425690
3+1 175 sqm 222 sqm $ 608600 $ 773462

- Price ranges last updated 08/11/2019
- Prices are list prices and subject to discounts in accordance with the chosen payment plan and negotiation with the seller.

Payment Plan

Months Deposit Discount
24 months 50% 0%
0 100% 15%

Distances

  • Istanbul Airport 30 mins
  • Levent 5 mins
  • Maslak 5 mins
  • Taksim 20 mins
  • Sultanahmet 22 mins
  • Vadistanbul Mall 2 mins
  • Istinye park mall 7 mins
  • Acibadem private hospital 10 mins
  • Metro station 1 min
  • Galatasaray football stadium 5 mins
  • Emirgan (Bosphorus) 10 mins
  • Kilyos (beach) 30 mins

Regional information

Istinye is amongst the most elite and beautiful parts of Istanbul. This prestige was firmly established with the construction of the nearby Istinye Park Mall and residential complex - a world class project. Istinye is on the same level as Etiler, Atakoy, and Bebek.

Bosphorus views, restricitions on building permits, and height restrictions, make Istinye what it is. Istinye attracts the wealthy, the famous, and the powerful. Its protected nature make it feel like living in a forest, yet just a few minutes from Istanbul's primary business district in Levent and Sisli.

Investment information

Sariyer is home to the most expensive real estate not just in Istanbul, but probably in the world. With Bosphorus front villas changing hands for over 80 million dollars, Sariyer is up there with Champs-Elysees, Paris and Hampstead, London. With the most of Sariyer falling into a protected zone of Forests and the Bosphorus protection zone, supply of genuinely high grade homes is limited. Bosphorus front villas rarely change hands, and construction is limited in general to two storeys.

Very rarely, in areas like Maslak, and Seyrantepe, tall skyscrapers have been allowed - yet these will be restricted to a very small number. Hence upon completion, high quality complexes will be in short supply, yet demand remains very high.

This has pushed prices in the region, and this means rental yield is below the Istanbul average. A purchase in this region from an investment aspect will be based on the capital appreciation, and not the yield. Expect excellent capital appreciation in the double digits each year, and expect to be able to sell your home here a lot sooner than other regions of Istanbul.