Sales have started at the Büyükyalı Istanbul project, which was tendered by Emlak Konut GYO in 2014 in January 2014.
Ahmet Akbalık, the Chairman of the Board of Directors of Özak GYO, who provided information concerning Büyükyalı Istanbul project, which is to be built in partnership between Özak GYO, Ziylan Gayrimenkul (real estate) and Yenigün İnşaat (construction), said, “We are building a new seafront neighborhood in Kazlıçeşme. The prices of properties in the project start at 1 million liras. The project, which is comprised as 1404 units, has been designed as 4 quarters and 550 residential properties are to be sold during the first phase. Square meter prices start from 13 thousand liras and go up to 25 thousand liras.”
Will increase in value with infrastructure
Akbalık stated that the Marmaray Zeytinburnu station and the Eurasia Tunnel – which will connect the Asian and European sides of Istanbul with a tube crossing, enabling the passage of motorized vehicles – which are in close proximity to Büyükyalı, provided important transport advantages. Akbalık said, “When we examine the examples in the world, we can see that infrastructure investments have a direct impact on prices. It is possible to see this in London, Barcelona, Milan and Paris. We expect a significant increase in value in Kazlıçeşme.”