Penthouse in Tel Aviv Sells for $15 Million
Translated & summarized from Ynet by baba
Hagag Group has sold a penthouse in Tel Aviv's Infinity Tower for 55.555 million shekels, approximately $15 million. The buyer is an American Jew purchasing the property for residential use. The luxury apartment spans two floors and includes extensive balcony space. The sale highlights the strength of Israel's high-end real estate market, with foreign buyers playing a significant role.
The story in 6 lines · by baba
- A penthouse in Tel Aviv's Infinity Tower sold for 55.555 million shekels.
- The buyer is an American Jew who intends to reside in the apartment.
- The luxury penthouse spans the 51st and 52nd floors of the 52-story building.
- The sale price equates to approximately 150,000 shekels per square meter.
- Hagag Group's international department facilitated the deal for foreign buyers.
- The building is slated for occupancy in the first quarter of 2027.
Hagag Group announced on Sunday the sale of a penthouse in the Infinity Tower, located in Tel Aviv's Sumail complex, for 55.555 million shekels (approximately $15 million). The price reflects about 150,000 shekels per square meter. The penthouse spans the 51st and 52nd floors of the 52-story building. The buyer is an American Jew who purchased the property for residential purposes.
The apartment has a built area of approximately 293 square meters, with an additional 158 square meters of balconies offering views of the sea and the Gush Dan skyline. The final investment is expected to be higher, as the purchase price does not include finishing work to be carried out by the buyer. The Infinity Tower, designed by architect Prof. Moshe Tzur and built by Electra, contains 278 residential units and amenities including a swimming pool, spa, gym, and residents' bar. It is currently under advanced construction, with occupancy expected in the first quarter of 2027.
As of August, 221 units, about 80% of the total, have been sold in the project, leaving 57 units available. Hagag Group reported additional interest and sales in September. The deal was facilitated by the group's international department, established two years ago to target foreign buyers, including Jewish communities worldwide. Chen Dilmony, Head of Marketing and Sales at Hagag Group, stated that foreign buyers have become a significant force in Israel's luxury market, necessitating a dedicated international team to cater to their needs and understand their preferences for living in Israel.
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