Korupark Terrace – Bursa
Project Details

Korupark Terrace (Phase 3) is designed as a luxurious residential project on the land next to Korupark Shopping Mall and Korupark Residences (Phases 1 & 2).

Consisting of seven blocks and 678 residential units, Korupark Terrace offers different types of apartments ranging from 1-bedroom to 4-bedroom units, and has a total of 102,213 m² of floor area. The construction permit for the project was obtained in 2011 and deliveries began in the fourth quarter of 2012. As of December 31, 2015, 626 residential units were sold.

Construction work on the project, which has a residential area of 102,260 m² , began on April 22, 2011. The project was completed and the delivery of the units began both in the fourth quarter of 2012.

As of December 31, 2015, 52 units (with a total area of 8,134 m²) out of 678 units remain in the inventory.

Ownership : Torunlar REIC (100%)
 
Start of Construction : April 2011
 
Operational Date : December 2012
 
Construction Cost : 104.1 million
 
Appraisal Value * (December 2016) : TRY 23.2 million
 
Leasehold / Freehold Status : Freehold
 
Number of Residences/GSA : 678 units/102,213 m² Residences
 
Units Solds (December 2015) : 92%
 
"*" Appraisal value indicates the value of the remaining units.
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