Opportunity to own a home with a small savings! Minister Kurum announced the details.

24.07.2025 13:41

The Minister of Environment, Urbanization, and Climate Change, Murat Kurum, announced that with the Real Estate Certificate project to be launched in collaboration with TOKİ and Emlak Konut, citizens will be able to invest in housing with small savings. Kurum stated, "You will be able to buy and sell it like a stock. The public offering price will be 7.59 TL. We will start with 5,000 housing units in the first phase." Here are the details of the Real Estate Certificate Project.

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With the new project to be realized in cooperation with Emlak Konut GYO and TOKİ, citizens will be offered the opportunity to participate in housing investments with low savings. According to the statements of the Minister of Environment, Urbanization and Climate Change, Murat Kurum, thanks to this model, small savers will also be able to participate in real estate investments.

MINISTER KURUM: WE ARE TURNING THE DREAM OF HOMEOWNERSHIP INTO REALITY

Minister of Environment, Urbanization and Climate Change, Murat Kurum, stated regarding the new project, "They say drop by drop a house is formed; we are turning the dream of homeownership, which is one of the biggest dreams of our nation, into reality. We are taking a very important step that will enable citizens without savings to own a home for a small amount, and we are holding the promotional program for the real estate certificate here.

NEW HOUSING CAMPAIGN: WE ARE ENTERING A BRAND NEW STAGE BY THE END OF THE YEAR

Now we are entering a brand new stage by the end of the year. We are launching our new social housing projects at the end of the year. Currently, we are working on the details with TOKİ and other relevant institutions and organizations. The biggest project in the history of the Republic, which will support young people, retirees, low-income families, and civil servant brothers to have the opportunity to own a home, will hopefully be announced by our esteemed President by the end of the year. You will see that rental prices and housing prices have decreased both in the earthquake zone and in all 81 provinces. We will all see that citizens' access to housing has become easier.

OPPORTUNITY FOR REAL ESTATE INVESTMENT WITH SMALL SAVINGS

The Real Estate Certificate is created by dividing a housing unit into small shares. In this system, investors can directly own a home with the certificates they have saved, or if they do not reach the required share, they can participate in the income generated from the project. Additionally, certificates can be traded on Borsa Istanbul like stocks and can be converted into cash at any time.

Investors can access the certificates by opening an investment account through authorized intermediary institutions, primarily Halk Investment, Ziraat Investment, and Vakıf Investment.

The demand collection process will take place between August 4-8, 2025. Starting from August 11, the certificates will begin to be traded on the stock exchange.

The certificates will be offered to the public at a price of 7.59 lira with a 25% discount. The minimum purchase limit is limited to one certificate, and there is no upper limit. Investors can participate in the system by purchasing as many certificates as they wish.

WHAT IS A REAL ESTATE CERTIFICATE?

A Real Estate Certificate is an investment instrument that is traded on Borsa Istanbul, allowing you to participate in a large housing project with small savings and is regulated by the Capital Markets Board (SPK). The Real Estate Certificate offers the opportunity to make large investments with small shares.

WHICH PROJECT DO THESE CERTIFICATES BELONG TO AND WHY IS THIS PROJECT IMPORTANT?

These Real Estate Certificates belong to the "Damla Kent" project, which will be realized in cooperation with the Ministry of Environment, Urbanization and Climate Change and the Housing Development Administration (TOKİ) in Başakşehir, Istanbul. The project is located in a strategic area that stands out as a new living center of Istanbul due to its proximity to Istanbul Airport, Çam and Sakura City Hospital, and major transportation and metro lines.

WHAT IS THE SIZE OF THE DAMLA KENT PROJECT? WHAT SOCIAL FACILITIES AND LIVING SPACES WILL BE AVAILABLE?

The project consists of 5,325 housing units and 244 commercial units in a construction area exceeding 1.2 million square meters. Designed with a horizontal architectural approach, the project includes many social facilities that meet the requirements of modern living, such as an indoor swimming pool, fitness center, Turkish bath, sauna, extensive landscaping areas, walking paths, parks, and relaxation areas.

HOW AND WHERE CAN I PURCHASE A REAL ESTATE CERTIFICATE?

During the public offering period between August 4-8, 2025, you can make a request through Halkbank, Ziraat Bank, Vakıfbank, or the intermediary institutions of these banks. After the public offering, the Real Estate Certificate will begin to be traded on Borsa Istanbul, and you will be able to buy and sell it through your investment account just like stocks.

WHAT WILL BE THE PRICE OF A REAL ESTATE CERTIFICATE IN THE PUBLIC OFFERING?

To enable all citizens to easily invest in real estate, the public offering price of the certificate has been set at 7.59 TL, with a 24.1% discount from the sale price of the properties.

IS THERE A MINIMUM OR MAXIMUM LIMIT TO START INVESTING?

There is no upper limit. The minimum limit is only the cost of one certificate. In other words, you can take the first step into this large investment with 7.59 TL.

HOW CAN I TRACK THE VALUE OF MY REAL ESTATE CERTIFICATE IN REAL TIME?

You can track the value of your Real Estate Certificate in real time through your investment account or financial applications.

IS THERE INTEREST OR REGULAR INSTALLMENT PAYMENTS IN REAL ESTATE CERTIFICATE INVESTMENT?

This investment model does not have traditional payment obligations such as down payment, installments, or interest. You can make purchases whenever you wish, according to your own budget.

WILL I HAVE TO PAY ANY FEES OR COMMISSIONS FOR REAL ESTATE CERTIFICATE TRANSACTIONS?

Similar to stock transactions, there may be legal costs such as transaction commissions set by the intermediary institution and fees from the Central Registry Agency (MKK) in the buying and selling of Real Estate Certificates.

WHAT HAPPENS IF THE REAL ESTATE CERTIFICATE LOSES VALUE?

Real Estate Certificates, like other securities traded on Borsa Istanbul, may experience price fluctuations depending on supply and demand balance and general market conditions. However, there is a fundamental feature that distinguishes the Real Estate Certificate from others: The certificate represents a share of a tangible real estate project.

HOW CAN I BECOME A HOMEOWNER WITH THE CERTIFICATES I HAVE SAVED? WHAT IS THE ESSENTIAL PERFORMANCE?

Essential Performance means that when you reach the required number of Real Estate Certificates for the housing unit you wish to purchase, you have the right to obtain the title deed of the housing unit at the end of the project. You can apply to use this right when you reach the required number of certificates for the apartment you are targeting.

DOES EACH APARTMENT REQUIRE THE SAME NUMBER OF CERTIFICATES? WHAT DOES THE DIFFERENCE IN VALUE MEAN?

The number of certificates required for each apartment is different. The value difference arising from the characteristics of the apartment, such as its floor, facade, and view, is called the value difference. This difference is taken into account when determining the number of certificates required for that apartment.

WHERE CAN I LEARN THE NUMBER OF REAL ESTATE CERTIFICATES REQUIRED FOR THE HOUSE I WANT TO BUY?

The information on how many certificates are needed for each apartment will be transparently shared in the annexes of the prospectus published during the public offering process and on the official website of the project.

WILL THE NUMBER OF CERTIFICATES REQUIRED FOR THE APARTMENT I WANT CHANGE DURING THE PROJECT?

The number of certificates required for each apartment is determined at the beginning of the public offering and does not change until the end of the project.

Thus, you can clearly define your goal from the very beginning.

CAN I CHOOSE AND RESERVE MY HOUSE BEFORE THE PROJECT IS COMPLETED?

When you reach the required number of certificates, you have the right to choose your desired apartment by applying within the original deed request period and can make a preliminary contract.

CAN MORE THAN ONE PERSON JOINTLY PURCHASE AN APARTMENT?

Yes. Thanks to the shared ownership model, multiple people can jointly own a single property. The title deed is issued in proportion to each person's share.

IF I LACK A CERTIFICATE, CAN I USE LOAN OR FINANCING?

When you accumulate the certificate corresponding to a certain value of the apartment, studies are ongoing regarding complementary financing or loan models for the remaining part.

WHAT WILL HAPPEN TO THE TITLE DEED PROCEDURES WHEN I BECOME A HOMEOWNER?

When you exercise your original deed right and fulfill the necessary conditions, the condominium title deed of the property will be registered in your name and delivered to you as soon as the project is completed.

IF I DO NOT WANT TO BUY A HOUSE, HOW CAN I CONVERT MY INVESTMENT INTO CASH?

There are two ways to convert your Real Estate Certificates into cash: 1- You can sell your certificates at any time at the current market price on Borsa Istanbul. 2- You can wait for the end of the project and receive cash payment by exercising your "Secondary Deed" right.

HOW DOES THE SECONDARY DEED PROCESS WORK?

At the end of the project, all apartments that are not subject to the original deed will be put up for sale by Emlak Konut through a transparent auction. The total revenue obtained from these sales will be calculated based on your certificate ratio and deposited into your investment account as cash.

HOW LONG DOES IT TAKE TO SELL MY CERTIFICATES ON BORSA ISTANBUL?

After your sale order executed through your investment account is completed, your money will be transferred to your investment account within a maximum of 2 business days.

WHAT HAPPENS TO THE HOUSES THAT ARE NOT SOLD AT AUCTION AT THE END OF THE PROJECT?

In this case, TOKİ's purchase guarantee comes into play. All unsold properties will be purchased by TOKİ under the conditions specified in the prospectus. This is the most important guarantee that secures the conversion of your investment into cash.

CAN I EARN DIVIDENDS OR REGULAR RENTAL INCOME FROM REAL ESTATE CERTIFICATE INVESTMENT?

Real Estate Certificate investment is not a model that offers regular dividends or rental income. Your profit comes from the increase in the value of the certificate on the stock exchange or the cash payment from the Secondary Deed at the end of the project.

WHAT IS THE MOST BASIC GUARANTEE BEHIND REAL ESTATE CERTIFICATE INVESTMENT?

The project is backed by two established institutions in Turkey, TOKİ and Emlak Konut. Investor rights are protected under the SPK guarantee, and certificates are traded on the stock exchange. The entire process is monitored by reliable institutions.

WHAT ARE THE ROLES AND GUARANTEES OF TOKİ AND EMLAK KONUT?

TOKİ is the owner of the land and the guarantor of the project's completion. In this context, it guarantees the completion of the project and the purchase of unsold houses. Emlak Konut is the developer, manager, and issuer of the Real Estate Certificate.

WHAT ARE MY RIGHTS IF THE PROJECT IS DELAYED OR NOT COMPLETED?

In the event of a possible delay in the project, it is guaranteed that compensation (penalty condition) equivalent to rental income will be paid under the conditions specified in the prospectus to prevent investors from being harmed.

IS THE PROCESS OPERATING IN A TRANSPARENT MANNER?

Yes. The entire process is audited by the Capital Markets Board (SPK). All significant developments related to the project, financial reports, and progress statuses are transparently announced on the publicly accessible Public Disclosure Platform (KAP).

CAN MY CERTIFICATES BE STOLEN OR LOST?

No. Certificates are not physically printed. Just like stocks, all your certificates are securely stored electronically in your registered investment account with the Central Registry Agency (MKK).

IS THE REAL ESTATE CERTIFICATE INVESTMENT MODEL COMPLIANT WITH INTEREST-FREE FINANCE PRINCIPLES?

Yes. The Real Estate Certificate investment model is designed in accordance with participation finance principles, and this compliance has been approved by an independent Certificate of Conformity.