In the Landmark Tower in Sharona, Tel Aviv, two sales of high-floor apartments have recently been completed, with prices indicating trends in the local real estate market. A 2-room apartment with an area of 53 m² on the 33rd floor was sold for 3.85 million shekels, while a similar apartment on the 34th floor was sold for 3.6 million shekels. The average price per m² for both transactions stands at about 70,000 shekels, but it is interesting to note that the apartment on the higher floor was sold at a lower price per m². The reason for this may be the different views and air orientations of the apartments, with corner apartments sometimes enjoying two air directions, while apartments in the center of the floor offer less view. The tower, which also includes commercial and office spaces, is expected to add 116 housing units, with estimated occupancy by the end of the year. These trends indicate that buyers in Tel Aviv do not necessarily see a price advantage for high-floor apartments, and their preferences are mainly based on location and view.
How much was an apartment sold for on the 33rd floor in Tel Aviv?
Based on globes
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