Kaan Yücel, the Managing Director of Piyalepaşa Gayrimenkul, provided important information related to the investment value of Piyalepaşa Istanbul.
We have sold around 35 percent of the project
The foundations of Piyalepaşa Istanbul, the biggest urban transformation project being developed by the private sector in Turkey, with an investment of 800 million dollars, were laid today. Yücel said that the project would bring high profits for its investors. Yücel, who stated that they were offering suitable payment alternatives to everyone, said, “The project is among the most important projects of Istanbul. There are 90 residential properties here. At the moment we have fallen to below 600. We have sold around 35 percent of the project.”
Kaan Yücel, stating that the square meter unit price had been around 7.500 – 8.000 TL when the project was first launched, said that the current square meter prices were around 9.500 TL. He stated that the project had gained in value significantly, and that it would bring big profits to its investors.