A splendid opportunity to become part of high-yield medium to low risk construction project in the upper-coming neighborhood of Katamonim, South Jerusalem. This neighborhood has recently been rezoned and is currently undergoing urban renewal.
With prices on the rise and a constant flow of young families, this project is one of those which pioneer the way to turn the area into a vibrant young Jerusalem community.
The Neighborhood at a glance
|October 2015||Signing up of current owners to agree to vacate property.
|November 2016||Receive building permits. Approval of plans to build 2385 sqm instead of existing 390 Sqm.
Investors equity should now be prepared for construction costs
|December 2016||Owner vacate building. Rental apartments located and paid for by investors|
|December 2016||Start construction|
|2017 – 2018||Construction and pre-sale|
|January 2019||Certificate of occupancy and final sales.
Profits divided and allocated to investors
Financials at a glance
- Mercantile Discount
- Mizrachi Tefachot
- Otzar Hachayal