“Intergal-Bud” has received certificates of commissioning of the first house of Residential Complex CITY HUB and the tenth house in Residential Complex “Nivki Park”, the press service of the company reported.
According to the data of the Unified State Electronic System in the sphere of construction, in the commissioned first house of Residential Complex CITY HUB – 255 apartments, in the tenth house of Residential Complex “Nivki City” – 283 apartments.
Intergal-Bud” reminds that the certificate of construction completion is the basis for participation of the object in the state programs “єOsela” and “єVidnovlenia”.
CITY HUB is a business class project located in Solomenskyi district of the capital, on Mokra Street (Kudryashova Street), 8-10. The residential complex will have two houses, which are united by a stylobate, under which there is a large parking lot for 300 cars.
LCD “Nivki Park” at 67 Beresteisky Ave. is a comfort class project, 12 residential buildings with height of 12, 16-17 floors, 2931 apartments in total. The complex includes an underground parking lot for 580 parking spaces.
The construction company “Intergal-Bud” has been working in the market of residential real estate since 2003. The company has built 170 houses, 20 residential projects are at the stage of realization. The total area of the projects is 4.6 mln sq. m.
INTERGAL-BUD, REAL ESTATE, Residential Complex CITY HUB, Residential Complex Nivki Park
In 2023, Intergal-Bud Construction Company completed the construction of more than 120 thousand square meters of real estate and plans to launch four new housing projects next year.
“The war is making its own adjustments to the work of the entire industry, but Intergal-Bud continues to build. In 2023 alone, we received certificates of readiness for more than 120 thousand square meters of real estate in the capital region. In 2024, we plan to launch four new residential projects and are generally optimistic,” Anna Laevska, Commercial Director of Intergal-Bud, told Interfax-Ukraine.
According to her, in early 2024, the company also intends to complete the construction of 180 thousand square meters of housing in Kyiv, Lviv, Chernivtsi, and Zhytomyr.
In the sales structure of Intergal-Bud, more than 60% of transactions relate to the purchase of housing in finished buildings or those that will be put into operation in the next six months. At the same time, projects scheduled for completion in two years account for only 11% of sales, compared to 52% in 2021, noted Laevska.
“Investors, given the military risks, are not ready to wait for a long time and prefer to buy real estate at the final stages of construction. This is a common trend in the market. But at the same time, the demand for housing is high and it is necessary to ensure the continuity of the construction process. The number of transactions on the market is growing, and accordingly, there is a need for new projects,” the expert explained.
At the same time, the share of speculative demand in the market remains insignificant – Ukrainians mostly buy housing for themselves to improve their living conditions. For the same reason, the number of transactions for the purchase of two- and three-bedroom apartments, as well as renovated apartments, has increased over the past year.
According to Ms. Laevska, housing prices have increased by an average of 20% compared to last year. At the same time, prices grew more rapidly in the economy and comfort class segments, while in the premium category the growth was about 10%.
“Developers who demonstrate active dynamics on construction sites were forced to revise the cost of real estate, as the cost of construction has increased by a total of 40% since the beginning of the full-scale invasion,” she said.
Intergal-Bud has been operating in the residential real estate market since 2003. The company has built 170 houses, with 20 residential projects under construction. The total area of the projects is 4.6 million square meters.
The Intergal-Bud construction company (Kyiv) plans to boost housing construction 1.5-fold in 2018, to 250,000 square meters, Commercial Director Hanna Layevska has said. “In total, we plan to introduce about 250,000 square meters of housing in 2018. In 2017, we actually commissioned 170,000 square meters. This year we plan to launch at least five new facilities, which are mainly located in the downtown areas and in the Holosiyivsky district of Kyiv. These are Vystavkovy residential complex, Lukyanivsky Cascade residential complex, and a few more facilities that are in the design and construction phase,” she told Interfax-Ukraine.
According to Layevska, this year the company intends to finish the construction of Parkovi Ozera, Yaskravy, Otradny and Demiyivka residential complexes in Kyiv.
According to the commercial director of Intergal-Bud, prices for many properties in the first five months of 2018 grew by 10-12% in U.S. dollars. According to her, in the first half-year of 2018, purchases of apartments with 100% payment decreased and the share of installments and lending contracts increased.
At the same time, despite the price increase, the company’s sales pace in 2018 increased by more than one third compared to 2017, Layevska said. According to the commercial director, a major challenge for developers in 2018 is a lack of general contractors.
Intergal-Bud construction company LLC was founded in 2006. It is subsidiary of Lviv subsidiary established in 2003.
