The continuation of the “discounted apartment” lotteries and discussions on large infrastructure projects will be at the center of the real estate events next week. And let’s not forget the statistical publications expected for next week in the CBS: on Tuesday – data on the purchase of new apartments in January. Our estimates – a further decrease is expected in the purchase of apartments; On Wednesday, the apartment price index will be published. This index has risen to a minimal level in recent months and we estimate that the next index is likely to be reset or even order a price drop.
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Sunday (12.3)
1. Objections to the plan to electrify the transportation terminals
A program called Subtal 130 is designed to shorten procedures and remove planning and bureaucratic barriers, with the goal of enabling the establishment of electrification infrastructures in short schedules at hundreds of public transportation terminals and overnight parking lots throughout the country, by expanding the permitted uses for placing transformers and charging stations, adding construction rights to existing bus terminals, and streamlining the procedure Licensing, through its centralization under the Committee for National Infrastructures.
Sounds good? Maybe on paper, and everywhere there are many mistakes on the subject. Among the recipients are the municipalities of Tel Aviv, Petah Tikva, Ramat Hasharon, Kfar Saba, Holon, Sderot, Or Yehuda and Nes Ziona, as well as Egged, the Hebrew University, the Tel Aviv, Haifa and South District Planning and Construction Committees and more. For the purpose of concentrating and handling the achievements, an investigator was appointed, who on Sunday will hold a marathon of discussions with the representatives of the achievers, after which he will formulate recommendations and bring them to the Committee for National Infrastructures, the initiator of the program.
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Monday (13.3)
2. Target price at Beit Kerem
On the agenda: one of the most interesting tenders within the framework of “Target Price” which should end this Monday. This is a small tender, for 57 housing units in total, but the location is the prestigious Beit HaKerem neighborhood in Jerusalem. The project is planned for the eastern end of the neighborhood, between Sivan Street and above Begin Road. 46 housing units will be designated for “target price” beneficiaries and 11 apartments will be sold on the free market. But if anyone thinks that this is affordable housing, they should look at the following numbers: the price of a discounted 100 square meter apartment in the project should reach about NIS 2.9 million.
Those who can afford to stand the prices will find out very quickly that the program is expected to yield one of the biggest profits since former Finance Minister Moshe Kahlon invented the lottery format for discounted apartments. Our conservative estimate speaks of about a NIS 1.2 million discount.
This of course raises the question again, for whom this program is intended, and whether it makes sense to also include luxury neighborhoods.
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3. Offices above the train station in Kiryat Gat
The sub-committee for objections in the southern district will discuss on Tuesday the objections submitted to the railway complex plan in Kiryat Gat. Today, a modest train station operates in the southern city, but according to the plan, this reality should change considerably.
According to the plan, the station will be expanded and turned into a complex, which will include, among other things, a large bus station, 24,000 square meters of employment space and 3,600 square meters of commercial space. Among other things, the plan includes the extension of the railway line to the eastern side of the track in order to allow the establishment of a train station on both sides of the track. Nine objections were submitted to the plan, and it is interesting that the main opponent of the plan is Israel Railways itself. She claims that it is impossible to combine the plans for employment and the bus terminal with the basic plan for expanding the station, and in fact implies: the station in Kiryat Gat should be improved and upgraded right now, and not wait for the addition of employment to happen who knows when.
And there is also the matter of land expropriation, which private landowners oppose. The expropriations are the responsibility of the municipality, while on the train they demand that the expropriations be transferred to the Ministry of Transportation, and not be left under the responsibility of the Kiryat Gat municipality and the local municipal committee.
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