pavel zingan
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20 january 2025
Doina Kotoman. High Garden East – Apartments in Bucharest Priced Like Those in Chișinău

An interview with Doina Kotoman about a unique real estate offering in Bucharest. Featured in the "Real Estate" section, supported by Proimobil.md and North Bucharest Investments.

#INTERVIEW

Doina, hello. I’d like to discuss High Garden East, a project that clearly stands out in North Bucharest Investments’ portfolio, despite the fact that you already have close to 200 properties. Is it really possible to buy an apartment there for €63,000 with just a €15,000 down payment? Is that actually true?

Absolutely. Smaller apartments have proven to be excellent investments, whether for resale or rental purposes. These types of units are the first to be rented out. Additionally, the purchase model, where you pay a single down payment during the construction phase and the remainder upon completion, allows investors to acquire multiple units at once. It’s not uncommon for investors to buy 3-5 apartments. Recently, we even had a record-breaking client from Israel who purchased 40 apartments.

Is High Garden East a large project? How many apartments are there if they’re selling in such high volumes?

Let me tell you more about the project. It’s indeed a large-scale development, but 90% of the apartments have already been sold. Last year, it was still in the excavation phase, but now there’s approximately a year and a half left until completion.

The project is located in Obor, in Sector 2 of Bucharest, which is in the northeastern part of the city. A new mall, Veranda Mall, is just 1.5 kilometers away, and there’s a Lidl supermarket within walking distance. This location is excellent for rentals, both short-term via platforms like Booking and Airbnb, and long-term. For long-term rentals, monthly income is around €500-600 for a studio or a one-bedroom apartment. Short-term rentals can generate even higher returns. That’s why the current demand is primarily for these types of units—studios, one-bedroom apartments, and compact two-bedroom apartments.

How does this development stand out from other residential properties in the sector?

The developer has extensive experience in building luxury housing. As a result, many features typical of high-end infrastructure have been integrated into High Garden East. It’s designed as a mini-community—a "city within a city"—with amenities such as a fitness center, a kindergarten, a football field, a large internal park, and commercial spaces.

In Romania, most homes are delivered move-in ready. Is that also the case for High Garden East, even with its affordable prices?

Yes, absolutely. The apartments are delivered fully finished. All you need to do is furnish them.

That sounds great.

It’s not just great—it’s excellent. Furthermore, we hold exclusivity for this project. We have a strong business relationship with the developer, who has been active in the market for over 30 years and has delivered more than 7,000 apartments, including prestigious projects like Cloud Nine, ARQA, and Jolie Village.

This January, High Garden East achieved the highest sales performance, with our team working even on weekends. Investors are not limited to Moldova; we’ve already closed deals with buyers from Israel, Ukraine, Turkey, various European countries, Canada, and the USA. Of course, many Romanians are also purchasing.

What’s your advice?

At the very least, reach out to me and ask any additional questions about the project.

P.S. Contact Doina:
 +40 725 893 441 (Romania and WhatsApp)
+373 60 222 394 (Moldova, roaming, Telegram)

Pavel Zingan
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