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Up to 3 minutes walk: The promising projects on the light rail route
In light of the general boom in the real estate market, it is difficult to predict how much more prices will rise, but there is a high chance that those who are close to the Gush Dan light rail will be more in demand and therefore higher prices and yields.
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Light Rail
Walla!
Real Estate
Thursday, 08 July 2021, 15:02 Updated: 16:13
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Housing prices are taking an increasing share of family income, and the traffic load is detrimental to the quality of life and takes us many hours wasted on traffic jams, instead of being used for work or leisure hours
Beyond the general cost of living, it is known that the two main issues that affect the standard of living of the public in Israel are housing prices and transportation congestion: housing prices take an increasing share of family income, and transportation congestion impairs quality of life and takes us many hours wasted on traffic jams. .
The light rail being built these days may be a point of fusion that will crack the two issues - will allow people to live in more remote places in Gush Dan and allow quick access by public transport, while giving up the private vehicle.
In light of this it is not surprising that many investors are looking for opportunities on the light rail route, in the expectation that in the coming years, with the start of operations, these projects will be in great demand in buying and renting and prices will skyrocket.
In light of the general boom in the real estate market, it is difficult to predict how much more prices will go up, but there is a high chance that those who are close to the light rail will be more in demand and therefore higher prices and yields will be higher. and rent.
We have chosen for five projects that produce a mix of sketches a snapshot of the compounds that may make future demand regions (and therefore expensive) and much more. Needless to say that the text recommendation to purchase or substitute for investment advice, but the outlook editorial ours, and certainly may exist in other areas that rely on factors Similar and may turn out to be no less attractive.
More on Walla!
The Israelis took advantage of the "price per occupant" and made an exit - and the prices remained in the sky
To the full article
Prices are expected to rise.
The light rail test ride (Photo: Reuven Castro)
1) Size does determine: ART PARK project
The ART PARK project at 42-44 Arlozorov Street in Petah Tikva is a TMA 38 demolition and construction project that includes the demolition of 18 apartments and the construction of two 9-story buildings with a total of 63 apartments. The project is located near Independence Park, the Ecological Park, Petah Tikva Museum complex, Yad Labanim site, Avnat Mall and Rabin Medical Center. The Ramat Werber neighborhood where the project is located is characterized by low-rise construction, mainly ground-level, which includes medical teams from the hospital. The neighborhood is close to major arteries. In addition, the neighborhood is close to employment areas such as Kiryat Arie and Ramat Hachayal. .
city:
Petah Tikva.
entrepreneur:
group Gabay.
proximity to light rail:
about 600 meters from the red line.
the volume:
from 63 apartments in the project ART PARK left for sale at only 8 apartments, including duplexes and penthouses with an area of 130-220 sq Big five Up to seven rooms.
Who is it for:
The remaining apartments are extra large in an area of 150-220 square meters and are suitable for housing improvers and large families.
Price range:
starting at NIS 2.6 million.
Status: The
project is under construction and is expected to be inhabited in about three years. The
potential:
Large apartments are a rare product. A boutique in a city whose new construction is characterized mainly by high-rise buildings, and prices are currently considered to be significantly lower than the prices of apartments in Gush Dan and in relation to other neighborhoods in the city.
Large apartments are a rare product.
Art Deco project (Photo: Imaging)
2) Align with North Jaffa: The Community of Canada
This is the first evacuation-construction project in the neighborhood, with a scope of about 800 units. As part of it, 208 housing units will be demolished in eight old railway buildings and replaced by 12 buildings of 9 to 29 floors with 800 housing units, public buildings of about 1,000 square meters Designed for the construction of kindergartens, another 1,600 square meters of commercial space on the axis of Jerusalem Boulevard and 6.7 dunams on the benefit of the project's residents and residents of the neighborhood. The plan allocates 50 housing units to affordable housing, as well as about 34% of small housing units out of all the housing units in the complex - that is, about 270 small housing units in the entire complex. The project will cover 26.5 dunams.
City:
Jaffa.
Developer:
Almog Group.
proximity Light rail:
200 meters Jerusalem Boulevard station and the string of the red line.
Who should read:
Young people, investors, housing reducers. Anyone who wants to live or invest in Tel Aviv and can not afford to buy in the center and north of the city.
Price range: The
project is not yet on the market, new projects in other areas of Jaffa have been sold in the past year at NIS 24-32,000 per square meter.
Status:
Master plan approved and a wording published for validity.
The potential:
According to Rakefet Lahav, VP of Marketing and Sales at the Almog Group, "Jaffa will change dramatically when the train connection allows residents to reach downtown Tel Aviv and the employment areas within tax distance and within minutes, operating the train lines will bounce high demand for residential and rental apartments in the area.
In the near future, there will be fewer weak neighborhoods in the Tel Aviv area, as in any metropolis in the world, the influx to it will remain stable and the need to renew the neighborhoods in order to enable more and more residential solutions in its area will be a necessity.
Jaffa D. is one of the last places in the city where you can still buy properties at affordable prices.
"The complex is a few minutes' walk from the beach and close to the bustling Jerusalem Boulevard. In the coming years, prices in the area will close the gap with North Jaffa and the average price in Tel Aviv."
"Jaffa will change dramatically."
Canada Community Project (Photo: Gidi Bar Orian)
3) Walking distance from work: Execution RJ
The Exchange Ramat Gan project was built on the site where the mythical elite chocolate factory used to operate, in front of the stock exchange complex, at the foot of which will pass the red line of the light rail, one stop away from the Savidor train. The residential tower in the project, which is being built and marketed by Azorim, will include 55 floors, including 355 apartments in a diverse selection that includes 3- and 4-room apartments, mini-penthouses and penthouses. Residents of the residential tower will enjoy a 12-meter-high lobby, lounge, infinity pool, gym, work spaces for business activities and more. The quality construction offers exceptional standards and specifications that were previously given only in projects branded as luxury projects with a higher price tag.
City:
Ramat Gan.
Developer:
Areas and Insurance Tower.
Proximity to the light rail:
The red line will pass at the foot of the project.
Who is it for:
From 30-plus-year-olds with financial abilities, many of them hitchhikers, through investors of all ages to 55-plus buyers whose children have grown up and left home and prefer to replace their private home or family apartment in the Sharon, Tel Aviv or South, with a luxurious apartment in a modern residential tower.
Price range: The
prices of the presale about ten months ago were around NIS 35,000 per square meter and now are around NIS 44,000-45,000 per square meter. Recently sold in the project, a 3-room apartment with a balcony (84 sq.m. built and another 11 sq.m. balcony) on the 32nd floor for NIS 3.616 million and an apartment of a similar size on the 47th floor for NIS 3.920 million.
Status: The
residential project has a building permit and is in the construction phase of the parking basements and first floors of the project. The project is expected to be inhabited in about four years.
The potential:
Elite Junction in Ramat Gan, at the intersection of Jabotinsky, Arlozorov and Abba Hillel Silver streets, is a major thoroughfare and the main access road to and from central Tel Aviv, the Petah Tikva area and throughout Ramat Gan. The project is near the stock exchange complex. Even before it is populated in about four years, the light rail, the red line, is expected to start operating, stopping at the very foot of the project, just one stop from Savidor. The line leads from Petah Tikva towards the center of Tel Aviv to Rishon Lezion.
The project, which is an impressive architectural icon, is a pioneer and leader in the revolution promoted by the Ramat Gan Municipality in the stock exchange complex with a broad urban plan that combines more offices, along with commerce combined with housing and infrastructure renewal. Many high-tech companies are already entering the complex, whose employees are looking for quality residential solutions within walking distance. This is why the prices, even though the project will only be inhabited for another four years, are already taking off and in some cases the prices of similar projects in Tel Aviv are being bypassed.
According to Gil Gurevich, VP of Marketing in the Areas, "If 5 years ago in the area of the stock exchange and the surrounding neighborhoods, the average price per square meter in a 3-room apartment was about NIS 25,000-30,000 per square meter, today the price has jumped above NIS 40,000 in some transactions. "Per square meter - an increase of more than 30%. The expectation is for further price increases in the coming years."
One stop from Savidor.
Exchange Project Ramat Gan (Photo: Imaging)
4) One minute before the shoreline closes: "Breeze"
The Brizzo project in the Park Hayam neighborhood in Bat Yam is currently under construction and includes two 23- and 20-story towers, with a total of 159 apartments. The complex includes a mix of 3, 4 and 5-room apartments alongside premium apartments. On the high floors of each of the towers, an entire floor is dedicated to an extensive common area for the benefit of the tenants - the Sky Garden. The floor includes a gym, club, spa and vegetable garden. The project was designed by Canaan Shenhav Architects.
City:
Bat Yam.
Developer:
Shponder Fadlon.
Proximity to the light rail
: about 800 meters.
Who is it for:
Among the buyers of apartments so far, two main buyers can be identified: housing improvers and reducers, including seniors who left detached houses in the area's cities to fulfill a dream and live near the sea, and investment apartment buyers who take advantage of the fact that apartment prices are still favorable. Quite in relation to the attractive location.
Price range:
Large 4-room apartments (115 square meters) are sold at an average price of NIS 2.7 to 2.9 million. 5-room apartments of about 130 square meters are sold at prices of NIS 3.3 to 3.6 million.
Status: The
first building permit for the first of the two project towers was issued three months ago. It is estimated that the apartments will be populated during 2024.
Potential:
Roi Fadlon, owner and co-CEO of Sheponder Fadlon: "The date of occupancy of the first tower will coincide with the start of the Red Line.
Buyers will then discover that Bat Yam is indeed the municipal authority in which they live, but that in practice they are a 15-minute drive from Rothschild Boulevard and the Sharona complex.
At the same time, the Park Hayam neighborhood is one of the last land divisions near the beach in Gush Dan, and buying an apartment near the beach at such prices and in such proximity to Tel Aviv will probably become impossible in the future. "
"An impossible task in the future."
Brizzo Project, Canaan Design Ivory Architects (Photo: Imaging)
20 meters from the train: Blue & City in Bat Yam
The Blue & the city project is located at the corner of Herzl and Jabotinsky streets in northwest Bat Yam. The project is being promoted and is being built near the beach and the Bat-Yam promenade, and nearby is a station on the red line of the light rail, which will cancel the border between Tel Aviv and Bat-Yam. It is a luxury tower of 35 floors and 137 apartments with a diverse mix of apartments of different sizes, from two rooms to six rooms, and special apartments such as luxurious penthouses with a swimming pool. The architectural design was carried out by Canaan Shenhav Architects.
City:
Bat Yam.
Developer:
Rothstein Company.
Proximity to the light rail:
20-30 meters - right in front of the project across the road.
Who is it for: For
housing improvers, housing reducers and investors who want to live close to Tel Aviv and the sea.
price range:
2-room apartments starting at NIS 1.875 million, 3-room apartments starting at NIS 2.076 million, 4-room apartments starting at NIS 2.64 million and 5-room apartments starting at NIS 3.59 million.
Status:
Before obtaining a building permit.
The potential:
Prices in Bat Yam are still low compared to other cities like Rishon Lezion Holon and South Tel Aviv.
The project is located in the north of Bat Yam and close to the border with Tel Aviv and the light rail will further reduce this distance.
According to Ortal Lieber, Rothstein's VP of Marketing: “The light rail is a fact on the ground and even if there are a few delays in opening the first lines it will happen.
Proximity to it increases the value of the apartments in the project, will shorten travel times and improve the quality of life. "
Prices in Bat Yam have not yet reached their full potential.
Blue Project (Photo: Imaging)
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