New Real Estate Certificates Offer Three Investment Paths
Savings holders gain flexibility with Damla Kent project’s unique offerings.
A novel real estate certificate is being introduced to the public, presenting savings holders with three distinct avenues for investment growth and property acquisition. This initiative aims to simplify homeownership and provide diverse financial strategies.
Diverse Investment Opportunities Unveiled
The first option allows investors to accumulate a certificate required for a desired house within the Damla Kent project. Upon project completion, the investor will secure the chosen property, aligning with their budget.
For those who acquire a real estate certificate through the “Right to Win Cash” (Tali Act) but prefer not to purchase a home, a “secondary act” method is available. TOKI and EMLAK KONU will auction completed apartments, with proceeds transferred directly to certificate holders’ investment accounts in cash.
A third alternative caters to investors who wish to avoid the primary or secondary acts. These individuals can trade their certificates on Borsa ฤฐstanbul, capitalizing on market fluctuations for potential profits.
Eliminating Financial Hurdles for Homebuyers
This new generation investment tool significantly alleviates the traditional burdens of down payments, interest, and installments for citizens. The Damla City Project itself is substantial, planned across five stages and encompassing 5,325 houses and 244 commercial units.
The initial phase of the Damla Kent project will see 1,540 residences offered to the public via the real estate certificate system. Future plans include making 674 homes from the second stage available.
Project Unit Breakdown and Certificate Values
The Damla Kent project details the types of homes and corresponding certificate requirements:
- 175 units of 62 sqm 1+1 apartments, requiring 631,516 certificates.
- 1,076 units of 88 sqm 2+1 apartments, needing 863,276 certificates.
- 758 units of 144 sqm 3+1 apartments, with a requirement of 1,384,916 certificates.
- 205 units of 194 sqm 4+1 apartments, demanding 1,833,345 certificates.
This innovative approach aims to boost housing accessibility. In a similar vein, Turkey’s housing development agency, TOKI, has delivered over 1.1 million homes since its inception, illustrating a commitment to addressing housing needs (TOKI Projects).