Developer sharply cuts apartment prices in Herzliya project

• Author: Yuval Nisani
• Published date: 19 January 2023
• Publication title: Globes (Rishon LeZion, Israel)

Over the past few days, the company has sent a new offer to those interested. "A five-room apartment, 137 square meters, starting at NIS 5,080,000," which means a discount of about NIS 310,000 on similar apartments. A Globes check on the Madlan website found 137 square meter five-room apartments were sold last August in the project for NIS 5,660,000, which means almost NIS 600,000 more than the price currently offered by the company - a difference of about 10%

In ads the company sent out about the project in December, it offered five-room apartments in the project "starting at NIS 5,390,000". According to the project website, the company has several types of five-room apartments, in the two buildings it is constructing in the complex, from type A to type D, 124 square meters to 140 square meters, alongside 5-6 room garden apartments and...