Israeli Real Estate Investment Promises High Returns in Rishon LeZion
Translated & summarized from Kikar HaShabbat by baba
A new development in Rishon LeZion, "Northern Park Quarter," is attracting investor interest with projected returns of 1.3 million shekels on a 230,000 shekel land investment within four years. The project includes 6,500 housing units and commercial spaces, with future metro access. Current apartment prices in nearby areas are around 3.3 million shekels for a 130 sqm unit. The land is not yet available for construction.
The story in 6 lines · by baba
- Land investment in Rishon LeZion's "Northern Park Quarter" is priced at 230,000 shekels.
- Investors anticipate a 1.3 million shekel profit within four years on this land.
- The "Northern Park Quarter" project will feature 6,500 housing units and commercial areas.
- The development is promoted by the government company "Diret La'Haschir" (Rent to Own).
- Apartments in nearby neighborhoods cost approximately 3.3 million shekels.
- The land is not currently available for construction.
A new neighborhood in Rishon LeZion, "Northern Park Quarter," is poised to become a significant draw for investors and residents. The development plans include approximately 6,500 housing units, commercial and employment spaces, a city park, and a natural lake, aiming to blend urban living with green spaces. The area boasts excellent transportation links, with a future metro system connecting the complex's stations. The project is being rapidly advanced by the government company "Diret La'Haschir" (Rent to Own), designated as a preferred housing complex, promising a high quality of life, urban innovation, and advanced infrastructure.
Currently, land for investment in the area is priced at 230,000 shekels. Investors anticipate a profit of around 1.3 million shekels within four years. These projections are based on professional appraiser reports and precise calculations. For context, apartments in adjacent neighborhoods currently sell for approximately 3,300,000 shekels for a 130-square-meter unit. It is important to note that the land itself is not currently zoned for construction.
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