Habas CEO Herzl Habas: Despite uncertainty during the war, sales in Yoo Tel Aviv are successful. We anticipate a further rise in prices.
Habas HZ Investments Ltd. (TASE: HABS) sold NIS 92 million worth of apartments in its luxury Yoo project in Park Zameret, north Tel Aviv, in July-August. The latest sales amount to half of NIS 184 million in sales since January.
The Yoo towers comprise 297 apartments in a 37 and 41-storey high-rise.
Habas acting chairman and CEO Herzl Habas said, “Despite uncertainty during the war, sales in Yoo Tel Aviv are successful. Progress in construction are milestones in Israel’s luxury residential market. Demand has been very heavy lately, following the launch of sales for apartments in project’s second tower, and we anticipate a further rise in prices.”
Published by Globes [online], Israel business news - www.globes.co.il - on September 3, 2006
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