Under construction
$7,785per m²
Referans Pendik, photo 1Price from
$267,000US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.$2,784 per m²
cheaper than 85% of city projects: -44%Data verified Aug 8, 2026 · price source: developer partner network · updated 2 mo. ago
- Properties
- Condominium
- Area
- 89 - 190 m²
- Bedrooms
- 2 - 4
- Completion
- Q4 2026
- Readiness
- Under construction
- Dry season
- Jul, Aug, May
- First instalment
- 50%
Price
Is this expensive for the city
$2,784 per m², Istanbul median $5,015
Median $5,015This project $2,784
$869$10,059
-44% vs the city median (Istanbul), sample of 30 projects. cheaper than 85% of city projects.
Rate as of 2026-10-14, city data updated 2026-10-14. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue. The scale is logarithmic.
The cost of this project
A breakdown of this project for your budget and goals
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What it really costs
Payment plan
- 50%Step 1 · On contract$133,500
- 2%Step 2 · Tax$5,340
- 50%Step 3 · After transfer$133,500
- Total
- $267,000
The developer may revise the payment schedule. Confirm the current terms before the deal.
ROI Calculator
$133,500$954,000
$250$4,050
A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.
40%100%
0%20%
- Monthly income
- $936
- Annual income
- $11,228
- Gross yield
- 5.6%
- Net yield
- 4.2%
- Value in 5 years
- $357,306
- 5-year ROI
- 55%
See calculation details
- Gross annual rent
- $14,820
- Common area fee
- -$810
- Tax (10%)
- -$1,482
- Agent commission
- -$1,300
- Net annual income
- $11,228
Read moreCollapse
Calculations are estimates based on average market data. Actual returns may vary. This is not financial advice.
When is the season here
Driest months: Jul, Aug, May Wettest months: Dec, Jan, Oct Dry months per year: 6. A month counts as dry when its rainfall is below the annual median of monthly rainfall.
Rainfall, mm per monthTemperature, °C
Show monthly table
| Month | Temperature, °C | Rainfall, mm |
|---|---|---|
| Jan | 5.8 | 85 |
| Feb | 6.5 | 68 |
| Mar | 8.5 | 59 |
| Apr | 11.8 | 44 |
| May | 16.9 | 39 |
| Jun | 21.6 | 43 |
| Jul | 24.3 | 24 |
| Aug | 24.7 | 29 |
| Sep | 21.3 | 56 |
| Oct | 16.6 | 72 |
| Nov | 12.0 | 65 |
| Dec | 7.8 | 90 |
Source: NASA POWER, climate normal (2001-2020). Grid node 40.9, 29.2. This is a multi-year normal, not a weather forecast.
About the project
- Properties
- Condominium
- Completion
- Q4 2026
- Status
- Under construction
- Area
- 89 - 190 m²
Description
Kiler GYO is building Referans Pendik in Istanbul, in the Istanbul region. The project is under construction, with completion scheduled for October 2026.
Units span 89 to 190 square meters, with 2 to 4 bedrooms. This range covers both smaller layouts and larger configurations with extra rooms for bigger households.
Prices start from 267,000 USD and reach up to 795,000 USD, with a price per square meter of 2,784 USD. The spread between the lowest and highest prices tracks the difference in size and bedroom count across the available layouts.
Referans Pendik is a condo development from Kiler GYO, currently under construction and due for completion in October 2026, with unit sizes from 89 to 190 square meters and prices ranging from 267,000 to 795,000 USD.
This description was prepared with the help of artificial intelligence from developer data and public sources. Please check key figures and terms with our adviser.
Price in your currency
Rate: 1 USD = 1 USD≈ $267,000Rate as of 2026-10-14
Denominated in USD - a natural hedge against a weakening USD.
Sources: exchangerate-api.com
Location
Istanbul, Turkey
Market context
Apartment price$1,800 per sqm↑ +12-15% YoY
Luxury waterfront price$4,000 per sqm↑ +12-15% YoY
Foreign buyer transactions$8.5 billion
Airbnb yield7-10%
Mortgage rate1.8% monthly↓ -28% YoY
Istanbul’s residential prices kept climbing in 2025, up 12‑15% year‑on‑year to about $1,800 per sqm in prime districts and $4,000 per sqm for luxury waterfront units. Rental demand remains strong, driven by 20 million tourists and short‑term yields of 7‑10%, while foreign buyer transactions reached $8.5 billion in 2024 and are expected to exceed $10 billion in 2025. Lower mortgage rates, now 1.8% monthly, are further supporting buyer activity.
Sources (6) · updated 21/08/2026
- Istanbul Turkey Real Estate in 2025 Trends and Future Expectations ↗
- Turkish Property Price Trends 2025 - IDEAL ESTATES ALANYA ↗
- Property Market In Turkey 2025: Full Analysis, Risks (CGT, Iskan) & 2026 Forecast ↗
- Türkiye's housing market stays hot as sales hit fresh 2025 peak | Daily Sabah ↗
- Rental trends in Türkiye and Istanbul 2025-2026: How has the law changed? ↗
- The Best Areas in Istanbul for Rental Yield in 2025 ↗
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