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Full coverage· Economy· Updated

Africa Israel Residences and Matsaluy Selected for Holon Housing Project

Africa Israel Residences and Matsaluy will develop a "pinui binui" project in Holon, constructing approximately 1,000 new apartments to replace 330 existing ones. The project, spanning 16.7 dunams, includes residential, commercial, and parking spaces, with an estimated revenue of 900 million shekels.

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What happened

  1. 01Africa Israel Residences and Matsaluy will build about 1,000 new apartments in Holon.
  2. 02The project replaces 330 existing apartments with new residential and commercial units.
  3. 03Estimated revenues are 900 million shekels against costs of 770 million shekels.
  4. 04The development covers 16.7 dunams and includes 100,000 sqm of residential space.
  5. 05Holon's housing market has seen a 3.2% price decrease in the past year.

This development adds to Holon's ongoing urban renewal efforts, occurring amidst a recent dip in local housing prices.

Translated and summarized by baba from Bizportal, the latest report. Read Bizportal’s original

The coverage

2 newsrooms on this story

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