Cordia Starts Selling 500 More Homes in Budapest

Residential

Sasad Resort Sunrise

Residential property developer Cordia is adding more than 500 homes to its supply in three developments. Together with these new projects, there are 850 homes are available in the company’s portfolio, which means that Cordia now accounts for 15% of Budapest's total new home supply.

The new projects, totaling more than 44,000 sqm of gross floor area, will be developed in Districts VIII, IX, and XI.

"In the first half of the year, Cordia developed 16% of the apartments delivered in Budapest, while our company sold 9% of the new homes sold so far this year in the Hungarian capital. We are currently working on the construction of more than 1,140 apartments, and we are preparing the construction of another 4,300 homes," said Tibor Földi, chairman of the board of Cordia International.

Energy efficiency is a priority for all three new developments: the buildings will consist of highly energy-efficient apartments that will meet or exceed the near-zero energy requirements. The buildings’ energy ratings will be AA, meaning that their potential energy use can be as little as a quarter of that of an average FF-rated property.

One of the newly announced projects, the 100-apartment Corvin Next is a genuine downtown development, which will be built in the renovated, well-maintained part of Futó utca, near the multiple international award-winning Corvin Promenade, the widest pedestrian street in Budapest. Thanks to this central location, the proximity of the promenade and Corvin Plaza, a wide range of leisure and shopping facilities and services are available within walking distance. The building will have a unique and exclusive façade, both in form and materials, and will feature indoor and outdoor community spaces and a green inner garden, which is unusually large for a building in the area.

The Woodland project will be located in District IX, in an area that is constantly evolving and, like the redevelopment of Corvin Quarter, is undergoing a complete regeneration. This development will have a large, inner garden with trees and private parking. The first phase will house 257 homes, ranging from studio apartments, one, two, and three-bedroom homes with garden access or balconies, with exclusive penthouses on the top floor.

Designed in line with the latest architectural trends, the 153-apartment Sasad Resort Sunrise is located in the green belt of District XI, next to the Rupp-hegy Nature Reserve, yet within easy reach of the city center. Sasad Resort's exclusive residential park offers a spacious, more than 8,000 sqm leisure park with unique recreational facilities - playgrounds, sports fields, outdoor gym, picnic areas, and barbecues - for all members of the family.

"Our long-term goal is to maximize in all our projects the most efficient level of energy use that available technologies can provide and to move towards renewable energy sources as much as possible. We use ceiling cooling and heating in our range of properties, powered by a heat pump system using renewable energy. The thermostat is controlled by a smart home system in each apartment, so the temperature can be adjusted even remotely using a mobile phone," said Áron Görög, Cordia's sales director.

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