Real Estate Developer Sells Only 14% of Apartments in Major Tender

Despite efforts including the involvement of former minister Eli Finash, real estate developer Parschkovsky managed to sell only 14% of the apartments offered in a significant government tender. The tender, which aimed to provide affordable housing, saw low demand for the units.

Parschkovsky's limited success in the tender raises questions about the pricing strategy and the overall appeal of the offered properties. The company had hoped to sell a much larger portion of the apartments, contributing to the government's affordable housing goals.

The low sales figures indicate a potential disconnect between the developer's offerings and the market's current demand or affordability expectations. Further details on the specific number of units offered and sold, as well as the reasons behind the low uptake, are expected to emerge.