5th Levent en_2791_5-levent

5th Levent, constructed at the TEM Alibeyköy junction through the collaboration of Torunlar GYO and KİPTAŞ, is being established on a 473,000 square meter land with a massive investment of 1.8 billion TL. Scheduled for completion in 2017, 5th Levent will bring a modern neighborhood to Istanbul, accommodating approximately 15,000 residents across nearly 4,000 housing units. The first phase of the project includes 1,200 residences, while the second phase comprises 900 units.

In the 5th Levent project, buyers can utilize loans with a 20% down payment, featuring a 0.64% interest rate over 180 months.

The first phase of the 5th Levent project is sold out! Now, the focus shifts to the second phase!

Istanbul is gaining a new, modern neighborhood designed to house 15,000 people. The 5th Levent project, a collaboration between KİPTAŞ and Torunlar GYO, was initially expected to be marketed under the name "Finanskent 2." In the first month of 2013, Torunlar GYO submitted the highest bid in the auction organized by KİPTAŞ for the Eyüp Alibeyköy plot, securing the rights to develop the project.

With an investment cost of 1.8 billion TL, the 5th Levent project offers swift and convenient access to the TEM highway and the Kâğıthane-Cendere road via private vehicles. The project, developed under the asset-sharing model, is located very close to the Central Business District (MIA). It is also in proximity to shopping centers, business hubs, social and cultural venues, and educational facilities. Torunlar GYO owns 54.28% of the construction area.

The 5th Levent project features 50 different housing types, totaling approximately 4,000 units. Among these, 200 apartments will be allocated to landowners. For residents of the existing houses on the land, Torunlar GYO will construct a separate gated community consisting of 4 blocks with 400 apartments. In addition to the residences provided to KİPTAŞ, the project includes a 145,000-square-meter university education area, two schools with 36 classrooms, and two mosques.

During a press meeting, Aziz Torun, Chairman of the Board of Torunlar GYO, announced that 100% of the 1,200 units in the first phase had been sold, generating approximately 1 billion TL in revenue. He highlighted that 5th Levent became the most preferred project of the year in terms of sales per square meter, with 72% of buyers choosing it for investment or residential purposes. Torun emphasized the project's prime location, its centrality within expanding transportation networks, and its rich social amenities as key factors driving buyer preference. He also noted that residents could easily access metro lines via a dedicated 50-meter elevator connection.

Since its launch, apartment prices in the first phase have increased by 15% to 18%. Among buyers in the first phase, 28% purchased for investment, 38% for residence, and 34% for both purposes. Architects and engineers constitute 15% of the project's buyers.

Starting price for residences: 1.2 million TL