Indication of land value per dwelling unit on high-density construction in the H-500 site, if the planning scheme were available for construction
December 2, 2016
One of the questions that most interests the landowners and those working in the market is the likely value of the land after approval of the balancing tables. An answer to this question has recently been given following a tender published by Holon Municipality on November 16, 2016. The tender is for the sale of rights in two plots in the H/370/4 site (block 6874), which is available for construction and located to the west of the H-500 planning scheme. Construction has recently started at the H/370/4 site and the level of land prices at the site can give an indication of the value of the land in the H-500 site, assuming that the balancing tables in the H-500 planning scheme had already been approved and the development work started.
The minimum price published in the tender was NIS 830,000 per dwelling unit, plus VAT. As stated, the publication specified a minimum price and the tender is likely to close at a price of more than NIS 900,000, plus VAT, per dwelling unit.
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