Ekonomist


"Sütlüce, new favourite in real estate"

Article date: 11.04.2010

Sütlüce, new favourite in real estate
Massive Price Increases
Severally former buildings are bought to generate new plots in Sutluce, where currently a very limited number of building plots are remaining. However, prices for the remaining plots aresky high. Holding the most valuable plots around the area, Karaagac St. is almost competing with Buyukdere St. according to the price/m2 rates. Predominantly coming up with commercially-zoned areas, m2 prices for plots in Karaagac St. is setted in by about 10 thousand TL. Amplio, strategic partner of Hilton Hotels Corporation in Turkey, constructing a 214 room Hilton Garden Inn project with a total investment of 50 million dollars. Hilton Garden Inn is planned to come on operation in April, 2011 whose architectural project is designed by Tece Architectural Practice...