Sde Dov penthouse sells for NIS 19.5m

Avsoror Moshe & Sons sold a penthouse apartment in the Ashera project in Sde Dov, north of Tel Aviv, for NIS 19.5 million, the company said. The buyers were a young couple from north Tel Aviv who work in the technology industry.

The penthouse sold by Avsror is 144 square meters with a 95 square meter balcony on the 15th floor of one of the buildings in the project. While it is not the most expensive apartment ever sold in Sde Dov, it reflects a high price of NIS 103,000 per square meter, about 30 percent more than the average deal in the quarter.

So far, Avsor has signed 70 deals for apartments in the Ashera project, with an average price of NIS 70,000-75,000 per square meter. Israel Canada reported in its first-quarter results that the average price of apartments it sold in the Rainbow project in Sde Dov, in which 200 apartments were sold, was NIS 82,000 per square meter.

It is not uncommon in the high-end market for an individual transaction to reflect a price well above average. For example, a 260-square-meter penthouse in Sde Dov recently sold for NIS 26 million – NIS 100,000 per square meter, close to the price Avsor is now getting for the penthouse.

“This deal reflects the attractiveness of Ashira and the high demand for the project. We have now obtained the earthwork permit and will start the construction process very soon. We are pleased with the confidence shown in us by the new buyers,” said Yorum Afsiror, Vice President of Marketing and Sales at Afsiror.

This article was published in Globes, Israeli Business News – en.globes.co.il – on August 12, 2024.

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