Cordia, Hungary's leading residential property developer, is adding more than 500 homes to its supply in three developments. This autumn, the company puts up more than 500 apartments for sale in the Hungarian capital’s most popular green belt and city centre locations. The new buildings’ energy ratings will be AA, meaning that their energy consumption is extremely low.
Together with these new projects, there are 850 homes are available in the company’s portfolio, which means that Cordia now accounts for 15 percent of the Hungarian capital's total new home supply. The new projects, totalling more than 44,000 sqm of gross floor area, will be developed in the 8th, 9th and the 11th district.
In the first half of the year, Cordia developed 16 pct of the apartments delivered in Budapest, while our company sold 9 pct 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.
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. 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 property.
The 100-apartment Corvin Next project will be built in the renovated, well-maintained part of Futó Street, near the famous Corvin Promenade, the widest pedestrian street in Budapest. Thanks to this central location, a wide range of leisure and shopping facilities and services are available within walking distance.
The Woodland project will be located in the 9th district, in an area that is constantly evolving and 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.
The 153-apartment Sasad Resort Sunrise is located in the green belt of the 11th district, next to the Rupp-hegy Nature Reserve, yet within easy reach of the city centre. 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.
