‘Real Estate Certificate’ from TOKİ and Emlak Konut, the new way to be a homeowner

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Lerato Khumalo

Following the signing of the ‘Cooperation Protocol’ and the ‘Cooperation Protocol’ with the Presidency of the Ministry of Environment, Urbanism and Climate Change, the Capital Markets Board (CMB) for the export of real estate certificate for the project to be developed on the immovables in Başakşehir, which is under the property of TOKI.

In a statement made by Emlak Konut, this step taken in line with the dynamics of the real estate sector and the expectations of savings holders is an important instrument that brings together the capital markets and real estate.

With the real estate certificate to be offered to the public by Emlak Konut, they can be partners in large projects with small savings, they can have a host and invest if they wish.

The Real Estate Certificate Model will provide a transparent and reliable investment for investors with the assurance provided by Emlak Konut and TOKI.

The following statements were included in the statement:

“Our aim is to provide a flexible investment opportunity to our savings holders and investors, whether they can acquire housing or transparently benefit from the increase in value of real estates within the scope of the project. Following the CMB approval of the Gospel Set, the necessary explanations will be presented to the public very soon.”

Toki and Emlak Konut finance sector are union of power

TOKI and Emlak Konut are launching a new era in real estate investment with the cooperation with the financial sector. With this common structure developed with banks and financial institutions, investors can participate in the project to be implemented in Başakşehir at the rate of savings in their hands and invest in a safe way. This cooperation sets a strong bridge between the real estate sector and the financial world.

This structure, which is both safe and flexible, aims to bring real estate investment not only to a certain segment, but to all segments of society. Thus, it is easier to own a home and savings gain value.

Details can be accessed at the address (www.emlakkonut.com.tr) and (www.kap.org.tr) after the CMB approved prospectus.

What is the real estate certificate?

Real Estate Certificate; It is an investment instrument that is traded on Borsa İstanbul and enables investors to be hosting in the housing project with small savings and to invest in real estate. Savings holders can be a partner in the housing project implemented with the guarantee of TOKI and Emlak Konut with the real estate certificate and can invest in their own rates according to their budgets. Investors can get as many certificates as they want and accumulate as much as they wish.

How to use a real estate certificate?

The real estate certificate is like a small share of a house in a sense. The houses in the project are divided into small shares and presented to investors as “real estate certificate .. Certificates are traded in Borsa Istanbul. In other words, anyone who wishes can buy and sell these certificates through the investment account.

Savings holders may have the opportunity to convert their savings into profit as the project is valued, if they want to have a host by accumulating their certificates through investment accounts.

Who can benefit?

Anyone who has an investment account in banks or intermediaries can get real estate certificate and convert their small savings into big investment. This structure, which is both safe and flexible, aims to bring real estate investment to all segments of society. Thus, it is easier to own a home and allows savings to gain value.

When will it start?

The process will begin after the approval of the Capital Markets Board (CMB). All details will be announced very soon via Emlak Konut’s official website and public lighting platform (KAP).

Information can be accessed via Emlak Konut GYO’s official website www.emlakkonut.com.tr and Public Lighting Platform (KAP) www.kap.org.tr.

Certified Sales Model: It was successfully implemented in 2017, now more powerful

The real estate certificate model is not applied for the first time in Türkiye. Park Mavera III project, which was implemented by TOKI in Başakşehir in 2017, presented a successful example of this structure.

In this context, 3,370,410 real estate certificates were expelled and approximately 143 million TL financing was provided. The certificate holders directly obtained 157 houses corresponding to 72 %of the 218 residences in the project within the scope of “Essential EDİM”. The remaining 28 %of the 61 residences, which constitute, were sold through the “secondary act” method, that is, by auction; The income obtained was distributed to the certificate holders in proportion to their shares.

Advantage of the Real Estate Certificate

The Real Estate Certificate, which is an important step in the strategy of making investments in the real estate sector, has no obligations such as interest, down payment or installment.

Classic Method Comparming Table with Certified Sales Model

Features

Certified sales model

Classic method

Entry cost

It can be started with small savings and participation as much as savings

ADSHIP, CREDIT AND INTEREST INSTALLMENT LOAD

Type of ownership

You share a shareholder in the entire house or part of the project and have as much as the certificate.

Full Property is obliged to purchase

PURCHASE-SALE PROCESS

Instant transaction through Borsa İstanbul, easy and fast cash.

Land Registry Era, Long and Preferred Process

Assurance and Audit

It is supervised by the CMB-Borsa İstanbul and assured

May vary according to the project

Earning Opportunities

Essential Acting (Housing) + Secondary Acting (Income Share) + Real Estate Certificate Value Increase

Value increase