Ness Ziona penthouse fetches NIS 5.4m

A 127 sq. meter, five-room, fifth flooring penthouse with 55 sq. meter and 10 sq. meter balconies on Hoshen Avenue in Ness Ziona has been offered for NIS 5.4 million.

The typical four-room residence within the metropolis sells for NIS 2.9 million and the typical five-room residence for NIS 3.9 million.

The high-end market in Ness Ziona focuses primarily on homes and gardens, and there have already been a number of houses offered for NIS 8 million or extra. Just lately, a home within the Ramat Semel neighborhood offered for NIS 7.6 million. Nevertheless, relating to penthouses in residence blocks, costs drop considerably in the direction of NIS 6-6.5 million, however provided that they’re giant flats.

Hoshen Avenue is west of Africa-Israel’s Savionei Netzer Sereni venture. It is a neighborhood that was in-built 2008 with homes to the north and south, five-story residence blocks alongside Hoshen Avenue, and nine-floor blocks to the east.

The venture through which the residence that was offered is situated was constructed by U. Dori, after receiving a constructing allow on the finish of 2010 and accomplished in July 2013. The block has 19 flats, together with two penthouses on the fifth flooring.

Current offers present that two five-room flats on Hoshen Avenue had been offered for round NIS 4.2 million, whereas a five-room, 146 sq. meter backyard residence, with a big 300 sq. meter backyard was offered for NIS 5.9 million.

The 127 sq. meter penthouse shouldn’t be giant in contrast with commonplace penthouse flats, most of that are at the least 140 sq. meters. Thus a state of affairs has arisen in which there’s a 40% hole in worth between 5-room penthouse flats and common 5-room flats however there may be solely a 25% distinction on this transaction.

Subsequently, the value appears cheap

Yaronadlan actual property dealer Yaron Ben Bechor mentioned, “The value displays the demand for this neighborhood. If I had taken this residence with its specs, and provided it in neighborhoods like Savioni Netzer and Lev Moshava, it will have offered for a cheaper price.

“If I examine with common flats, the costs of 4-room flats within the neighborhood attain NIS 3.4 million, so the value distinction between this deal and common flats appears cheap to me. When it comes to area, I feel it is a spacious residence, however not a big penthouse, however anybody who desires to purchase an residence with a balcony will probably be prepared to pay rather a lot for it.”

“The residence’s area is small, and that is a part of the reason,” Yogev Oved, of the Yogev Properties Group says. “There are penthouses within the space that offered for round NIS 5.5 million, however there are some that offered for costs nearer to NIS 6 million, however these had been a lot bigger flats.”

Revealed by Globes, Israel enterprise information – en.globes.co.il – on January 25, 2026.