Full coverage· Economy· Updated
Gindi Holdings' Decade-Long Payment Plan Offers 8-12% Discount
Gindi Holdings is offering a new payment plan where buyers pay 20% upfront and the remaining 80% ten years after occupancy. Real estate appraiser Assaf Gastfreund estimates the effective discount to be 8-12%, similar to standard market offers.
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What happened
- 01Gindi Holdings' new plan defers 80% of apartment payments for ten years post-occupancy.
- 02An expert estimates the effective discount from Gindi's plan is 8-12%.
- 03The company claims the benefit is worth up to 700,000 shekels.
- 04Developers use such plans to maintain reference prices while offering discounts.
- 05The model shifts significant financial risk to the apartment buyer.
- 06Gindi offered a similar deferred payment structure in 2012.
Developers prefer these plans to maintain official property values while providing a de facto discount, though the model shifts financial risk to the buyer.
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