There is a project for a residential complex.
We calculate the selling price per sq. m as $6,000/sq. m x 16,478.51 sq. m = $98,868,000 TOTAL REVENUE - excluding VAT
So, the calculation is as follows:
Land price: RUB 16 million RUB dollars.
Construction cost: RUB 29-30 million dollars.
Total: $46 million.
Earnings: $52 million.
In this project, even the first floor offers a view of the islands and the sea. The average sale price of apartments in our countries in today's conditions is 22-25 million Turkish liras. This figure is for the first floors.
The average sale price of the upper floors is 45-85 million Turkish liras.