The number of apartments sold in 2021 represents a jump of 120% compared to sales in 2020 with partners, of which the company’s share is about NIS 868 million. The stock rises 5%
Tzemach Hamerman, the real estate company, today reported to the Tel Aviv Stock Exchange on sales of 517 housing units in 2021 in the company’s various projects with a total financial volume of approximately NIS 1.802 billion.
These are binding sales agreements that it has signed itself or through investee corporations or joint ventures with third parties. The total price of sales reflects an average price per unit of approximately NIS 3.486 million, of which the company’s share is approximately NIS 868 million.
The number of apartments sold in 2021 is a jump of 120% (2.2 times) compared to sales in 2020, which amounted to 235 apartments with a total volume of NIS 581 million (NIS 2,462 million on average per unit), of which the company’s share was about 329.5 million NIS.
Tzemach Hamerman clarifies that the date of recognition of income is in the framework of the Company’s financial statements for 2021, in accordance with the accounting standard IFRS15. It also clarifies that this is forward-looking information based, among other things, on the sales data available to the company at the time of reporting, and the data may in fact change.
Haim Feiglin, CEO of Tzemach Hamerman: “We are pleased to conclude a record year in the company’s activity as reflected in the strong growth in all sales data and the average price per unit. The growth has been recorded in a variety of the company’s projects To continue the rise in demand and housing prices in early 2022 and work to identify further growth opportunities. “