Subscribe to Print Edition | Wed., April 02, 2008 Adar2 27, 5768 | | Israel Time: 01:46 (EST+7) web haaretz.com   Back to Homepage Rosner's Domain Diplomacy Defense Jewish World Opinion National Print Edition Advertising Books Arts & Leisure Business Real Estate Easy Start Travel Week's End Anglo File

The $34-million apartment. Last update - 14:57 31/03/2008 For sale: Tel Aviv's most expensive flat, a steal at $34 million By Guy Lieberman Tags: real estate, Tel Aviv  The elite Tel Aviv real estate market is sailing to unrecognizable heights these days, at least as far as contractors can see. The Gindi Group, which holds construction of the G Tower in central Tel Aviv, recently announced that it would be selling one of its apartments for $34 million - the highest-priced flat in the city. The cost is nearly twice that of Israel's currently highest-priced apartment, purchased by Idan Ofer on Rothschild Boulevard 1 for $17.1 million. Advertisement The question now is whether anybody will actually be willing to pay the demanded amount. The apartment in question is a triplex flat combining a former duplex and penthouse apartment on the 24th, 25th and 26th floors, just under the triplex purchased more than a year ago by the holder of controlling interest for Bank Hapoalim, Shari Arison, for $13 million. This new triplex sits at 1,500 square meters and has a 360 degree panoramic view of the city. The demanded price includes a value of more than $22,000 per square meter. On the one hand, the price indicates that the sellers are sure someone will pay up. But on the other hand, the whole matter seems an issue of compulsion, or just a gimmick that will not be able to yield any kind of real deal. "After all the noise, Gindi admits that they have not managed to sell the two apartments and are creating a buzz around the possibility of connecting them. That's it," said one real estate market man in Tel Aviv. Indeed, in the eyes of most real estate agents in Tel Aviv, the rising prices are not reasonable. A few months ago, the Oranim Group - which owns the Sea One Project on Hayarkon Street - decided to abandon their plans of selling a penthouse facing the sea for $25 million, after they were unable to sell it after a few years of trying. If Ofer's $17.1 million apartment ranks the measure of prestigious apartments in Tel Aviv, then real estate agents say there is no justification for doubling the price Bookmark to del.icio.us   WHO knows? The WHO says Israel lets Gazans die in 'avoidable tragedies'. Friendly faces Google, Facebook and Yahoo heads will attend a J'lem technology summit.   1.   Sounds unreal to me but hey the rich can afford anything I suppos 12:13  |  Sara 31/03/08   2.   Any pic? 13:55  |  Andrea 31/03/08   3.   TO ANDREA. NO 2. 19:24  |  DANNY. 31/03/08   4.   Outrageous! Accompanying story of 1/3 of Israelis going hungry... 19:25  |  bat yam 31/03/08   5.   DOH 19:39  |  zionist forever 31/03/08   6.   overrated and overpriced 01:02  |  noa cohen 02/04/08

Today Online Hamas TV puppet 'kills' Bush as revenge for U.S., Israeli actions Responses: 267 Editorial: Israel's settlement policy is one of deception Responses: 126 WHO: Israel turning away sick Gazans, who die in 'avoidable tragedies' Responses: 78 Barak: Gaza crossings may open if rocket attacks, smuggling stop Responses: 69 'If rabbis won't marry interfaith couples, they should send them to someone who will' Responses: 27 Rosner's Domain Clinton and Obama voters support Israel in similar numbers Guest: Rabbis who don't officiate intermarriage should refer to rabbis who do Poll: What percentage of Jews will vote McCain? 38% for pressuring Palestinians, 25% for pressuring Israel (WTR) More Headlines 00:30 Hezbollah: Saudi Arabia is siding with gov't in Lebanon power struggle 23:57 MKs okay law to protect the shores of Lake Kinneret 22:28 WHO: Israel turning away sick Gazans, who die in 'avoidable tragedies' 21:50 Barak: Gaza crossings may open if rocket attacks, smuggling stop 23:24 Israeli broadcaster and actress Shosh Atari dies aged 58 19:47 Falafel oil provides power for T.A. 'Earth Hour' concert 21:58 Facebook, Google founders to attend Jerusalem conference in May 01:06 Seattle prosecutor: Much of Jewish center shooter's statement inadmissible 20:49 Fischer: Israel's growth to slow in 2008 due to global slump 22:36 National Insurance Institute rejects plan to take over school fee payments 16:55 Two civilians lightly hurt in mortar attack on Negev kibbutz 20:59 Benizri: I've been persecuted for 8 years for no fault of my own 22:05 Reputed crime family member denies 2004 teen murder Previous Editions Select Day 01 apr 31 mar 30 mar 28 mar 27 mar 26 mar 25 mar 24 mar 23 mar 21 mar 20 mar 19 mar

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