Application process clarified for rental TOKİ project in Istanbul

It was reported that the start of applications for the 15,000 rental TOKİ housing units planned in Istanbul was announced by President Recep Tayyip Erdoğan after the Cabinet Meeting on September 7. The project will be carried out in addition to the city's 100,000 social housing initiative.

In the first phase, a lottery for 1,000 units is planned to be held in October. While the goal is to rent the units at prices below market value, final fees and detailed application requirements have not yet been announced.

In the first phase, a draw is planned to be held in October for 1,000 residences. While the goal is to rent the residences at prices lower than market value, exact fees and detailed application requirements have not yet been announced.

NexLatest assessment: The scope of the applications will become clear with the conditions to be announced and the rental amounts.