Tel Aviv and central region
Modi’in: Dankner sells for $1.1 million
Dankner Investments has sold three houses in the past month in the Buchman neighborhood of Modi’in, for an overall $1.1 million. The six-room houses on 450 sq.m. plots are being sold for $340,000 each. The company is also offering more expensive houses.
”Globes” has learned that, to date, Dankner has sold 45 out of the 82 units it is building at the site for an overall $15.3 million. An analysis of the figures shows that the company has not sold any of the more expensive units.
Jerusalem and surroundings
Bet Shemesh still inexpensive: $109,000-146,000 per apartment
Bet Shemesh apartments continue to be the cheapest in the area, due to the location and large supply, according to figures “Globes” received this week from two contractors building in the town.
Jerusalem construction company the Hassid brothers has sold four apartments in Bet Shemesh: two three-room apartments sold for $122,000, a four-and-a-half-room apartment sold for $135,000 and a four-room apartment with a garden sold for $146,000. The prices include private parking, Jerusalem stone exterior and ceramic tiling in all the apartments.
Netanya construction company Natanel Shaked last week sold three apartments in Bet Shemesh. A regular three-room apartment sold for $109,000, a three-room apartment with a garden sold for $122,000 and a three-room garden apartment with roof space sold for $118,000. The prices include Jerusalem stone and other extras and reflect a 3% discount. Buyers receive a NIS 30,000 contractors’ loan at 4.5% interest.
Haifa and north
Kiryat Shmona: Rigi sells 12 residential units
Construction company Rigi reports that despite the security-based tension in the north, it has managed to sell 12 residential units recently for NIS 5.2 million, in a project in Kiryat Shmona.
The first stage of the project includes 40 residential units for an overall NIS 17.5 million. The average price of an apartment is $108,000. Rigi is constructing five four-storey buildings, including garden balconies or adjacent gardens. The State is offering special benefits and grants to attract people to Kiryat Shmona.
Southern region
Omer: high tech boosts demand
Demand has recently been posted for individual building in the “build your own home” project in the Omer luxury home township. The demand is being organized by groups of high tech workers in Omer’s high tech industrial park. Omer mayor Pini Badash says demand is large, due to increased requests from companies in the central region and Jerusalem, which are setting up R&D centers and plants in the park.
Badash said that the employees are young and mostly married, from the central region and Jerusalem, who are seeking plots to build individually, or purchase houses in Omer. Some employees work for Motorola, Intel, ECI and others. Company managements rent and even purchase houses for their executive staff.
The average price of a 150 sq.m. house in Omer on a 600 sq.m. plot is $300,000. The local authority and the Israel Land Administration (ILA) recently started marketing new 600 sq.m. plots in Omer to high tech employees under the “build your own home” project, for $89,000, including development, which the local authority is currently carrying out.
Plan for new settlement bordering Hebron: Carmit
The southern regional planning committee has approved the deposit of a plan for setting up a new rural Jewish settlement named Carmit north-east of Beer Sheva. The settlement will initially comprise 2,000 residential units as part of a Ministry of Construction and Housing program to establish new villages in the Negev on a giant area covering tens of thousands of dunam, forming a triangle between Beer Sheva, Arad and South Mount Hebron, to augment the region’s population.
Carmit will be established on the line bordering between Israel and the Hebron area. Each plot in the settlement will be 500 sq.m., with up to 150 sq.m. of building, designed for the rural Jewish population. The decision to establish the settlement was made partly due to the demand by urban families.
Published by Israel's Business Arena on 29 October, 2000