LIFE ISTANBUL

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Istanbul is gaining a new and modern district where 15 thousand people will live. The 5th Levent project, signed by KİPTAŞ and Torunlar GYO, was expected to be put on the market under the name "Finanskent 2". In the first month of 2013, Torunlar REIC gave the highest bid for Eyüp Alibeyköy land, which was put up for sale with the tender organized by KİPTAŞ.

From the 5th Levent project, which was realized with an investment of 1 billion 800 million TL, there is an easy and very fast transportation opportunity to the TEM highway and Kâğıthane-Cendere road by private vehicle. The project, built with the asset sharing model, is located very close to the CBD (Central Business Area). It is also close to shopping malls, business areas, social and cultural venues and educational opportunities in the city. 54.28 percent of the construction area belongs to Torunlar REIC.

The 5th Levent project, which includes 50 different housing types, consists of approximately 4 thousand residences. 200 of the flats in the project will be given to the landowners. Torunlar REIC will also build a separate site with 4 blocks consisting of 400 flats for those who live in houses on the land. In addition to the lodgings to be offered to KİPTAŞ, the project also includes a university education area with a construction area of ​​145 thousand square meters, 2 schools with 36 classrooms and 2 mosques.

In his speech at the meeting, Torunlar REIC Chairman of the Board of Directors Aziz Torun stated that 100 percent of the 1,200 flats they presented in the first stage were sold and a turnover of approximately 1 billion TL was obtained. Stating that 5th Levent is the most preferred project of the year with its sales square meter rate, Aziz Torun stated that the project was preferred for investment and residence purposes with a rate of 72 percent. Referring to the preference criteria of those who bought flats from 5th Levent, Torun listed the location of the project, being at the center of the developing transportation lines and the wealth of social facilities among the primary reasons for preference. Torun added that the metro lines from 5. Levent can be easily reached with a special 50-meter link lift.

The flats in the first phase of the project have shown a price increase of 15 to 18 percent since the day they were put on sale. 28 percent of those who bought a house in the first phase bought a flat for investment, 38 percent for residence purposes, and 34 percent for residential and investment purposes. 15 percent of those who prefer 5th Levent are architects and engineers.