New Rishon Lezion Neighborhood Poised for Significant Property Value Growth
Translated & summarized from Behadrei Haredim by baba
A new neighborhood called "Northern Park Quarter" is under development in Rishon Lezion, Israel, featuring 6,500 housing units and extensive green spaces. Investors are projected to see a return of approximately 1.3 million shekels within four years on land purchased for 230,000 shekels. The project is being advanced by the government company "Dirah Le'haschir" and is expected to benefit from a future metro line. Current apartment prices in nearby areas are around 3.3 million shekels.
The story in 6 lines · by baba
- A new neighborhood in Rishon Lezion, "Northern Park Quarter," is set for development.
- The project will include 6,500 housing units and significant green spaces.
- Investors anticipate a 1.3 million shekel profit within four years on land costing 230,000 shekels.
- The development is being advanced by the government company "Dirah Le'haschir."
- Future metro access is expected to enhance transportation links.
- Apartments in adjacent neighborhoods currently sell for about 3.3 million shekels.
A new neighborhood, "Northern Park Quarter," is being developed in Rishon Lezion, aiming to attract both investors and residents. The project will feature approximately 6,500 housing units, commercial and employment spaces, a city park, and a natural lake, blending urban living with green areas. High transport accessibility is anticipated with a future metro line connecting the complex's stations. The "Dirah Le'haschir" government company is rapidly advancing the development, which has been designated a preferred housing complex. Investors anticipate a profit of around 1.3 million shekels within four years, based on current land prices of 230,000 shekels. This projection is supported by professional appraisal reports and calculations, considering that apartments in adjacent neighborhoods currently sell for approximately 3.3 million shekels for a 130-square-meter unit. The land is not currently available for construction.
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