The Motivation company, owned by developer Mordehai Cohen, has sold 12 of the 52 residential units it is building in a new neighborhood on the Golan Heights. Minister of Housing Yitzhak Levy laid the cornerstone for the neighborhood last week, in a surge of construction on the Golan Heights.
Motivation is building 85-120 sq.m. residential units on 500 sq.m. plots. The price of the units is $90,000-115,000.
Anglo-Saxon Pardes Hanna branch reported that a resident of Ein Zivan on the Golan Heights left the area and purchased a 115 sq.m. house on a 600 sq.m. plot in Pardes Hanna. The buyer paid $155,000.
Levy also took part this week in a cornerstone-laying ceremony of a neighborhood called Kerem Rimon, situated next to kibbutz Rimon in the Galilee. The neighborhood will consist of 108 houses on 500 sq.m. plots, which will sell for $150,000 each. The first ten houses have already been sold. Real estate agents estimate that residents from the Golan Heights will relocate to the neighborhood.
Published by Israel's Business Arena on September 30, 1999