Hagag Group Launches New Sales Campaign at Infinity Tower in Tel Aviv with Flexible Payment Terms

The Hagag Group has introduced a new sales promotion for apartments in the Infinity Tower, a 52-story residential project located at the intersection of Ibn Gvirol and Jabotinsky streets near Kikar HaMedina in Tel Aviv. The tower, designed by architect Prof. Moshe Tzur and built by Electra Construction, includes 278 units, with over 200 already sold. Under the promotion, buyers can pay one million shekels upon contract signing to move in without a mortgage, and defer the remaining balance for three years after occupancy without interest or linkage.

For investors interested in renting, Hagag guarantees a double-digit rental yield between 24% and 52% over the first two years. For example, a two-room 70-square-meter apartment will yield at least 10,000 shekels monthly, totaling 240,000 shekels in rent. The campaign offers about 30 apartments ranging from two to five rooms, starting at 60,000 shekels per square meter, reflecting a 10%-15% discount depending on apartment size.

Separately, America Israel has partnered with Av-Gad in a renewal project in Ramat Gan’s Krinitzi neighborhood, investing approximately 21 million shekels. The project involves demolishing 63 existing units to build 300 new residential units plus commercial and preservation spaces. The partnership aims to leverage combined expertise and accelerate project timelines.

In regulatory news, the Israeli Registrar of Contractors revoked licenses of five contractors after investigations revealed that the engineering professionals listed as the basis for their licenses were not actually employed by the companies. Registrar Amit Greidi emphasized ongoing strict enforcement to protect public trust.

Additionally, Hachshara Renewal, part of the Nimrodi Group, secured 1.2 billion shekels in financing for the "Ir Galim" project in Kiryat Yam, which will replace six old buildings with 12 new residential towers totaling 1,450 units. The National Planning Council also approved further planning for four development zones in the Haifa Bay area, including tens of thousands of residential units and extensive commercial space, though construction depends on factory evacuations and land remediation.

These developments reflect ongoing efforts to stimulate Israel’s real estate market through innovative financing, partnerships, and large-scale urban renewal projects.