Reading Time: 2 minutes
Continuing the series of our monthly development project “Insider updates”, today we are sharing with you the latest updates about the Belgrad residential project from Chisinau, Moldova. Before we start, let us remind you of the key facts that make this project outstanding.
Key facts about Belgrad residential project:
- LTV – 50%. Please note that for this project several stages are planned and the LTV for each stage will not exceed 50%;
- Collateral – 1st rank mortgage;
- Duration – 9 months;
- The contract is in EUR currency, therefore currency risk is eliminated;
- Provided by an experienced international developer, who has finished more than 25 residential complexes with 4595 ready-to-use apartments;
- The property is 80% completed already and it is at the final stage of construction.
See more details of this property and invest in Chisinau here.
Updates on the progress 30.11.2020
In October 2020 we opened the funding for this property and during the past month developers were able to do the following things:
- Plastered 2100 m2 of walls;
- Concreted the floors;
- Connected to the gas infrastructure of apartments;
- Finished with ceramic floor tiling;
- Installed sanitary equipment;
- Manufactured 108 apartment doors and installed 54;
- Connected electricity to the apartments as well as carried out the general electric network.
The most recent insights about Moldovan real estate market can be found here:
1. Moldova outlooks and update on Moldovan real estate market
2. 7 reasons why you should consider Moldova as your next real estate investment destination.
The post Insider updates on Belgrad residential project appeared first on .