Royal Garden Kartal in Istanbul

Name: Sales in Royal Garden Kartal started!
Start: 2020-04-02T12:17:11.911248+00:00
End: 2023-12-31T23:59:59+0000
Location: Royal Garden Kartal

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Project info

Object ID: 6390

Finished at	April 2018
Price, m²	From 860$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 79.00 m²
Floors	30
Apartments	400
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Fitness Pool Commercial area Near school Near kindergarten Near supermarket Nearby subway stations Soğanlık 12 min Hastane/Adliye 15 min Atalar 20 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

67,940$

Net profit

8,283$

Payback period

6.4 years

Avg property value increase per year

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About the project

The Royal Garden Kartal project rising in Karlıktepe, the most valuable region of Kartal, rises very close to the E-5, the beach and the center of Kartal. The apartments in the project have a view of the sea and the Islands. The apartments have a ceiling height of 3.50 meters.

40% of the houses were sold in Royal Garden Kartal Residence, which was designed by the Royal Group in Kartal, which attracted attention as the brightest district of Istanbul's future, and which went on sale recently. Stating that they do not only sell housing to the buyer, with their projects, Royal Group Board Member Tolga Çehreli said, “We also offer the concept of quality, comfort and healthy living together. Buying a house from us does not only buy 4 walls in which he will live peacefully. Besides, he buys a concept where he can do his sports and have a good time with his friends. When we make all these easy to reach, sales increase. ”

In the project, the fact that the cubic meters are important, not the square meters of the houses, are listed among those who are not forgotten in this project. Tolga Çehreli stated that the interior of a house should also be spacious and therefore they made the floor height 3.50 meters. Çehreli said that floor height is also among the important criteria of the buyer.